Articlegreen1981

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

40 citations0/0 files storedRePEc: Research Papers in Economics

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Agricultural economics and policies Water resources management and optimization Optimization and Mathematical Programming

Abstract

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.

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1982DYNAMIC PROGRAMMING: HAS ITS DAY ARRIVED?

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