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Dynamic Programming

Applications to Agriculture and Natural Resources

  • Book
  • © 1986

Overview

Authors:
  1. John O. S. Kennedy

    1. School of Economics, La Trobe University, Melbourne, Australia

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xv
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  2. Introduction

    1. Front Matter

      Pages 1-1
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    2. The Management of Agricultural and Natural Resource Systems

      • John O. S. Kennedy
      Pages 3-23

  3. The Methods of Dynamic Programming

    1. Front Matter

      Pages 25-25
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    2. Introduction to Dynamic Programming

      • John O. S. Kennedy
      Pages 27-49

    3. Stochastic and Infinite-Stage Dynamic Programming

      • John O. S. Kennedy
      Pages 50-77

    4. Extensions to the Basic Formulation

      • John O. S. Kennedy
      Pages 78-125

  4. Dynamic Programming Applications to Agriculture

    1. Front Matter

      Pages 127-127
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    2. Scheduling, Replacement and Inventory Management

      • John O. S. Kennedy
      Pages 129-155

    3. Crop Management

      • John O. S. Kennedy
      Pages 156-187

    4. Livestock Management

      • John O. S. Kennedy
      Pages 188-220

  5. Dynamic Programming Applications to Natural Resources

    1. Front Matter

      Pages 221-221
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    2. Land Management

      • John O. S. Kennedy
      Pages 223-243

    3. Forestry Management

      • John O. S. Kennedy
      Pages 244-264

    4. Fisheries Management

      • John O. S. Kennedy
      Pages 265-293

  6. Conclusion

    1. Front Matter

      Pages 295-295
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    2. The Scope for Dynamic Programming Applied to Resource Management

      • John O. S. Kennedy
      Pages 297-305

  7. Back Matter

    Pages 307-341
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Keywords

About this book

Humans interact with and are part of the mysterious processes of nature. Inevitably they have to discover how to manage the environment for their long-term survival and benefit. To do this successfully means learning something about the dynamics of natural processes, and then using the knowledge to work with the forces of nature for some desired outcome. These are intriguing and challenging tasks. This book describes a technique which has much to offer in attempting to achieve the latter task. A knowledge of dynamic programming is useful for anyone interested in the optimal management of agricultural and natural resources for two reasons. First, resource management problems are often problems of dynamic optimization. The dynamic programming approach offers insights into the economics of dynamic optimization which can be explained much more simply than can other approaches. Conditions for the optimal management of a resource can be derived using the logic of dynamic programming, taking as a starting point the usual economic definition of the value of a resource which is optimally managed through time. This is set out in Chapter I for a general resource problem with the minimum of mathematics. The results are related to the discrete maximum principle of control theory. In subsequent chapters dynamic programming arguments are used to derive optimality conditions for particular resources.

Authors and Affiliations

  • School of Economics, La Trobe University, Melbourne, Australia

    John O. S. Kennedy

Bibliographic Information

  • Book Title: Dynamic Programming

  • Book Subtitle: Applications to Agriculture and Natural Resources

  • Authors: John O. S. Kennedy

  • DOI: https://doi.org/10.1007/978-94-009-4191-5

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Elsevier Applied Science Publishers Ltd 1986

  • Softcover ISBN: 978-94-010-8362-1Published: 26 September 2011

  • eBook ISBN: 978-94-009-4191-5Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XVI, 344

  • Topics: Science, Humanities and Social Sciences, multidisciplinary

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