Applications of Dynamic Programming to Agriculture, Forestry and Fisheries: Review and Prognosis

Farmers are faced with many decision problems in crop and livestock production which are multistage and stochastic. There have been many applications of dynamic programming (DP) to such decision problems, many primarily for illustrative purposes. It is argued that the advent of farmer access to computers will lead to on-farm use of DP. Applications of DP to forestry, fisheries and agricultural policy are also reviewed. The scope and limitations of DP are discussed, and the close relationship between DP and control theory is examined.


Issue Date:
1981-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/12234
Published in:
Review of Marketing and Agricultural Economics, Volume 49, Number 03
Page range:
141-173
Total Pages:
33




 Record created 2017-04-01, last modified 2017-04-27

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)