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Dynamic programming to determine optimum investments in information technology on dairy farms

Author

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  • van Asseldonk, M. A. P. M.
  • Huirne, R. B. M.
  • Dijkhuizen, A. A.
  • Beulens, A. J. M.

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Suggested Citation

  • van Asseldonk, M. A. P. M. & Huirne, R. B. M. & Dijkhuizen, A. A. & Beulens, A. J. M., 1999. "Dynamic programming to determine optimum investments in information technology on dairy farms," Agricultural Systems, Elsevier, vol. 62(1), pages 17-28, October.
  • Handle: RePEc:eee:agisys:v:62:y:1999:i:1:p:17-28
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    References listed on IDEAS

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    1. Kristensen, Anders R., 1988. "Hierarchic Markov processes and their applications in replacement models," European Journal of Operational Research, Elsevier, vol. 35(2), pages 207-215, May.
    2. Pindyck, Robert S, 1988. "Irreversible Investment, Capacity Choice, and the Value of the Firm," American Economic Review, American Economic Association, vol. 78(5), pages 969-985, December.
    3. Huirne, R. B. M. & Dijkhuizen, A. A. & van Beek, P. & Hendriks, Th. H. B., 1993. "Stochastic dynamic programming to support sow replacement decisions," European Journal of Operational Research, Elsevier, vol. 67(2), pages 161-171, June.
    4. Robert McDonald & Daniel Siegel, 1986. "The Value of Waiting to Invest," The Quarterly Journal of Economics, Oxford University Press, vol. 101(4), pages 707-727.
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    Cited by:

    1. Viaggi, Davide & Raggi, Meri & Gomez y Paloma, Sergio, 2011. "Farm-household investment behaviour and the CAP decoupling: Methodological issues in assessing policy impacts," Journal of Policy Modeling, Elsevier, vol. 33(1), pages 127-145, January.
    2. Eastwood, C.R. & Chapman, D.F. & Paine, M.S., 2012. "Networks of practice for co-construction of agricultural decision support systems: Case studies of precision dairy farms in Australia," Agricultural Systems, Elsevier, vol. 108(C), pages 10-18.
    3. Paloma, S. Gomez & Majewski, Edward & Raggi, M. & Viaggi, D., 2007. "Investment Behaviour of Polish Farmers Facing Policy and Market Scenarios," 100th Seminar, June 21-23, 2007, Novi Sad, Serbia and Montenegro 162386, European Association of Agricultural Economists.
    4. Viaggi, Davide & Raggi, Meri & Gomez y Paloma, Sergio, 2010. "An integer programming dynamic farm-household model to evaluate the impact of agricultural policy reforms on farm investment behaviour," European Journal of Operational Research, Elsevier, vol. 207(2), pages 1130-1139, December.
    5. Gallerani, Vittorio & Gomez y Paloma, Sergio & Raggi, Meri & Viaggi, Davide, 2008. "Modelling The Effect Of Eu Policy Reforms On Farm Investment Behaviour," 107th Seminar, January 30-February 1, 2008, Sevilla, Spain 6444, European Association of Agricultural Economists.

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