Application of Dynamic Programming in Markov Chains to the Evaluation of Water Quality in Irrigation

D. Yaron and A. Olian

American Journal of Agricultural Economics, 1973, vol. 55, issue 3, 467-471

Abstract: With the aid of a dynamic programming model in Markov chains, this paper presents an economic analysis of irrigation with saline water. Results provide guides to optimal irrigation policy. Estimates of the value of water quality in irrigation are derived, and possible applications in water resource development decisions are discussed.

Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:55:y:1973:i:3:p:467-471.

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