Rangeland Management Using Cell Grazing: A Dynamic and Stochastic Analysis of the Optimal Temporal Control

Letters in Spatial and Resource Sciences, Vol. 1, No. 1, pp. 37-43, 2008

Posted: 21 Aug 2008

See all articles by Amitrajeet A. Batabyal

Amitrajeet A. Batabyal

Rochester Institute of Technology (RIT) - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: August 18, 2008

Abstract

We analyze the temporal control choice problem faced by a manager who uses cell grazing to manage a parcel of rangeland. Specifically, we first delineate the relevant dynamic and stochastic features of a stylized parcel of rangeland. Next, we use a renewal theoretic framework to derive the manager's long run expected net cost (LRENC) of management operations per unit time. Finally, we demonstrate that the optimal temporal control is the solution to the manager's LRENC minimization problem.

Keywords: Cell Grazing, Rangeland Management, Renewal Theory, Temporal Control

JEL Classification: Q24, D81

Suggested Citation

Batabyal, Amitrajeet A., Rangeland Management Using Cell Grazing: A Dynamic and Stochastic Analysis of the Optimal Temporal Control (August 18, 2008). Letters in Spatial and Resource Sciences, Vol. 1, No. 1, pp. 37-43, 2008, Available at SSRN: https://ssrn.com/abstract=1238144

Amitrajeet A. Batabyal (Contact Author)

Rochester Institute of Technology (RIT) - Department of Economics ( email )

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