A Probabilistic Approach to Optimal Orchard Management

13 Pages Posted: 24 Sep 2006

See all articles by Amitrajeet A. Batabyal

Amitrajeet A. Batabyal

Rochester Institute of Technology (RIT) - Department of Economics

Seung Jick Yoo

Korea Energy Economics Institute

Multiple version iconThere are 2 versions of this paper

Date Written: September 2006

Abstract

The formal study of orchard management in which an orchard is viewed as a jointly determined ecological-economic system is still in its infancy. Therefore, in this paper, we propose a new way of looking at the problem of orchard management that has three distinct advantages to it. First, we model an orchard as an ecological-economic system. Second, consistent with the normal behavior of such systems, our approach to the orchard management problem is explicitly probabilistic. Finally, the optimization problem we suggest an orchard manager solve is one in which an economic criterion function is minimized subject to an ecological constraint. This constraint says that the probability that the orchard under study is not Holling resilient is at most as large as an exogenously given value.

Keywords: Ecological-Economic System, Holling Resilience, Orchard Management, Uncertainty

JEL Classification: Q20, Q18, C44

Suggested Citation

Batabyal, Amitrajeet A. and Yoo, Seung Jick, A Probabilistic Approach to Optimal Orchard Management (September 2006). Available at SSRN: https://ssrn.com/abstract=932087 or http://dx.doi.org/10.2139/ssrn.932087

Amitrajeet A. Batabyal (Contact Author)

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

92 Lomb Memorial Drive
Rochester, NY 14623-5604
United States
585-475-2805 (Phone)
585-475-5777 (Fax)

HOME PAGE: http://people.rit.edu/aabgsh

Seung Jick Yoo

Korea Energy Economics Institute ( email )

665-1 Naeson2-dong
Euiwang-si
Kyunggi-Do 437-082
Korea

HOME PAGE: http://www.rit.edu/~aabgsh/

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