Modelling the Dynamics of Weed Management Technologies

Randall E. Jones, Oscar Cacho and Jack A. Sinden

No 57902, 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia from Australian Agricultural and Resource Economics Society

Abstract: An appropriate economic framework for valuing the benefits of weed management technologies is to treat weeds as a renewable resource stock problem. Consequently, the weed seed bank is defined as a renewable resource that changes through time due to management and seasonal conditions. The goal of decision-makers is to manage this (negative) resource so as to maximise returns over some pre-specified period of time. A modelling framework is presented for evaluating the biological and economic effects of weed management. The framework includes population dynamics, water balance, crop growth, pasture growth and crop/pasture rotation models for measuring the physical interactions between weeds and the environment. These models link in with numerical optimal control, dynamic programming and stochastic dynamic programming models for determination of optimal decision rules and measuring economic impact over time of policy scenarios.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 17
Date: 2003-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare03:57902

DOI: 10.22004/ag.econ.57902

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