Heumesser, Christine; Fuss, Sabine; Szolgayová, Jana; … - In: Water Resources Management 26 (2012) 11, pp. 3113-3137
-saving irrigation technologies. We apply a stochastic dynamic programming model (SDPM) to analyze a farmer’s optimal investment strategy … to adopt a water-efficient drip irrigation system or a sprinkler irrigation system under uncertainty about future … production conditions, i.e. about future precipitation patterns. We assess the optimal timing to invest into either irrigation …