A Stochastic Analysis of the Holling Resilience of an Orchard

12 Pages Posted: 28 Jun 2007

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: June 2007

Abstract

Recently, Batabyal and Yoo (2007) have proposed a new probabilistic approach to orchard management. In this approach, a manager minimizes an economic criterion function, namely, the long run expected net cost of orchard management subject to an ecological constraint which says that the probability that an orchard is not Holling resilient is at most as large as an exogenously given value. In this note, we continue this line of inquiry and shed additional light on an orchard's Holling resilience. First, we model an orchard as a stochastic ecological-economic system. Second, we compute this orchard's Holling resilience in a general way. Finally, we study additional aspects of the limiting behavior of our measure of the Holling resilience of the orchard under study.

Keywords: Ecological-Economic System, Holling Resilience, Limiting Behavior, Orchard

JEL Classification: Q57, C44

Suggested Citation

Batabyal, Amitrajeet A. and Yoo, Seung Jick, A Stochastic Analysis of the Holling Resilience of an Orchard (June 2007). Available at SSRN: https://ssrn.com/abstract=997146 or http://dx.doi.org/10.2139/ssrn.997146

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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