On the Optimal Number of Paddocks in Short Duration Grazing
13 Pages Posted: 26 Oct 2001
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On the Optimal Number of Paddocks in Short Duration Grazing
On the Optimal Number of Paddocks in Short Duration Grazing
Abstract
This paper addresses the following previously unstudied question in rangeland management: What is the optimal number of paddocks for rangelands that are managed using short duration grazing? We first use queuing theory to provide a novel stochastic characterization of a rangeland with paddocks that is managed using short duration grazing. Next, we use this characterization to show that the optimal number of paddocks is the solution to an expected profit maximization problem faced by a rancher.
Keywords: Dynamics, Paddock, Profit Maximization, Range Management, Uncertainty
JEL Classification: Q20, D81
Suggested Citation: Suggested Citation
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