Kobayashi, Mimako; Harris, Thomas R.; Rollins, Kimberly S. - Agricultural and Applied Economics Association - AAEA - 2009
In this article, a numerical stochastic dynamic programming model (SDP) is developed to characterize the decision problem of a rancher operating on rangelands in northern Nevada that are affected by invasive annual grasses and wildfire. The model incorporates decisions about herd size management...