Dynamic Programming of the Dairy Cow Replacement Problem

Blair J. Smith

American Journal of Agricultural Economics, 1973, vol. 55, issue 1, 100-104

Abstract: The replacement model compares the present values of expected net returns to the keep and replace decisions for cows differentiated as to length of previous calving interval, lactation number, and production in prior lactations. Taking obsolescence explicitly into account, all cows are ranked in order of their future profitability.

Date: 1973
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