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Dynamic Programming and the Economics of Optimal Grain Storage

Gerald Plato and Douglas Gordon

Journal of Agricultural Economics Research, 1983, vol. 35, issue 1, 13

Abstract: Understanding the dynamic programming algorithms used In the optimal grain storage literature IS a prerequisite to understanding the findings of this literature This article Introduces these dynamic programming algorithms by examining several In terms of their underlying economic behavior These are Gustafson's original algorithms and algorithms developed by Gardner and Ippolito that Include rational producer response In addition to optimal grain storage, making them the most advanced m the optimal gram storage literature

Keywords: Crop Production/Industries; Production Economics; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Date: 1983
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DOI: 10.22004/ag.econ.148978

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