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

Author

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  • Kennedy, John O.S.

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.

Suggested Citation

  • Kennedy, John O.S., 1981. "Applications of Dynamic Programming to Agriculture, Forestry and Fisheries: Review and Prognosis," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 49(03), pages 1-33, December.
    • Handle: RePEc:ags:remaae:12234
    DOI: 10.22004/ag.econ.12234
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    Citations

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    Cited by:

    1. İ. Esra Büyüktahtakın & Robert G. Haight, 2018. "A review of operations research models in invasive species management: state of the art, challenges, and future directions," Annals of Operations Research, Springer, vol. 271(2), pages 357-403, December.
    2. Tran, Lap Doc & Schilizzi, Steven & Kingwell, Ross S., 2010. "Dynamic trade-offs in water use between irrigation and reservoir aquaculture in Vietnam," 2010 Conference (54th), February 10-12, 2010, Adelaide, Australia 59171, Australian Agricultural and Resource Economics Society.
    3. Malcolm, Bill, 1990. "Fifty Years of Farm Management in Australia: Survey and Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 58(01), pages 1-32, April.
    4. Harper, Jayson K. & Mjelde, James W. & Rister, M. Edward & Way, Michael O. & Drees, Bastiaan M., 1994. "Developing Flexible Economic Thresholds For Pest Management Using Dynamic Programming," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(1), pages 1-14, July.
    5. Patton, Dean A. & Milthorpe, P.L. & Wynne, M. & Honeysett, B.M., 2000. "Evaluation of forage shrub plantations as a drought preparedness strategy for landholders in the Central-west of NSW," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123716, Australian Agricultural and Resource Economics Society.
    6. Dillon, Carl R., 1992. "Microeconomic Effects Of Reduced Yield Variability Cultivars Of Soybeans And Wheat," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(1), pages 1-13, July.
    7. Burt, Oscar R., 1982. "Dynamic Programming: Has Its Day Arrived?," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(2), pages 1-14, December.
    8. Aluwihare, Parakrama B. & Jones, Randall E. & Letcher, Rebecca A., 2005. "The farm level impacts of water sharing plans in the Namoi Valley: A stochastic dynamic programming analysis," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137742, Australian Agricultural and Resource Economics Society.
    9. Mjelde, James W. & Dixon, Bruce L. & Sonka, Steven T. & Lamb, Peter J., 1987. "Dynamic Programming Model of the Corn Production Process for East-Central Illinois," Staff Paper Series 257981, Texas A&M University, Department of Agricultural Economics.
    10. Farquharson, Robert J. & Cacho, Oscar J. & Turpin, J.E., 2000. "Agricultural response analysis in a longer term framework," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123634, Australian Agricultural and Resource Economics Society.
    11. Lowenberg-DeBoer, James M., 1985. "The impact of farmland price changes on farm size, financial structure enterprise choice," ISU General Staff Papers 198501010800009722, Iowa State University, Department of Economics.

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