Using seasonal stochastic dynamic programming to identify optimal management decisions that achieve maximum economic sustainable yields from grasslands under climate risk

Karl Behrendt, Oscar Cacho, James M. Scott and Randall Jones

Agricultural Systems, 2016, vol. 145, issue C, 13-23

Abstract: There are significant challenges in managing the trade-offs between the production of pastures and grazing livestock for profit in the short term, and the persistence of the pasture resource in the longer term under stochastic climatic conditions. The profitability of using technologies such as grazing management, fertiliser inputs and the renovation of pastures are all influenced by complex inter-temporal relations that need to be considered to provide suitable information for managers to enhance tactical and strategic decision making.

Keywords: Grazing system; Stocking rate; Pasture renovation (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0308521X16300312
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:agisys:v:145:y:2016:i:c:p:13-23

DOI: 10.1016/j.agsy.2016.03.001

Access Statistics for this article

Agricultural Systems is currently edited by J.W. Hansen, P.K. Thornton and P.B.M. Berentsen

More articles in Agricultural Systems from Elsevier
Bibliographic data for series maintained by Catherine Liu ().