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Dynamic Programming

Applications to Agriculture and Natural Resources

  • John O. S. Kennedy

Table of contents

  1. Front Matter
    Pages i-xv
  2. Introduction

    1. Front Matter
      Pages 1-1
  3. The Methods of Dynamic Programming

    1. Front Matter
      Pages 25-25
    2. John O. S. Kennedy
      Pages 27-49
    3. John O. S. Kennedy
      Pages 50-77
    4. John O. S. Kennedy
      Pages 78-125
  4. Dynamic Programming Applications to Agriculture

    1. Front Matter
      Pages 127-127
    2. John O. S. Kennedy
      Pages 129-155
    3. John O. S. Kennedy
      Pages 156-187
    4. John O. S. Kennedy
      Pages 188-220
  5. Dynamic Programming Applications to Natural Resources

    1. Front Matter
      Pages 221-221
    2. John O. S. Kennedy
      Pages 223-243
    3. John O. S. Kennedy
      Pages 244-264
    4. John O. S. Kennedy
      Pages 265-293
  6. Conclusion

    1. Front Matter
      Pages 295-295
  7. Back Matter
    Pages 307-341

About this book

Introduction

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.

Keywords

attribute coding control decision problem dynamic programming function learning linear programming mathematical programming modeling optimization programming scheduling set techniques

Authors and affiliations

  • John O. S. Kennedy
    • 1
  1. 1.School of EconomicsLa Trobe UniversityMelbourneAustralia

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-009-4191-5
  • Copyright Information Springer Science+Business Media B.V. 1986
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-8362-1
  • Online ISBN 978-94-009-4191-5
  • Buy this book on publisher's site