Integration of Dynamic Programming and Simulation Models to Value Lead Time of Information Forecasting Systems
Mjelde, James W.; Sonka, Steven T.; Dixon, Bruce L.; Lamb, Peter J.
1986

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Abstract

Issues pertaining to lead time of information forecasting systems are presented. A methodological procedure is developed which values lead time. The procedure utilizes dynamic programming and simulation models. An application of this approach to corn production indicates lead time is important in climate forecasting and corn production.

Details

Title Integration of Dynamic Programming and Simulation Models to Value Lead Time of Information Forecasting Systems
Author(s) Mjelde, James W.
Sonka, Steven T.
Dixon, Bruce L.
Lamb, Peter J.
Subject(s)
Issue Date Jun 01 1986
Publication Type Working or Discussion Paper
DOI and Other Identifiers 10.22004/ag.econ.257978
Record Identifier https://ageconsearch.umn.edu/record/257978
Language English
Total Pages 16
Series Statement SP-4
Record Appears in Texas A&M University > Department of Agricultural Economics > Staff Paper Series

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