Although there have been numerous studies on the economics of weed control, relatively few of these studies have … strategy. To address these aims, a stochastic dynamic simulation model and a stochastic dynamic programming model are developed … indicate that grazing goats for control of blackberry can be optimal despite its stochastic effectiveness and relatively low …

optimisation model. The stochastic model calculates the expected net present value (NPV) of a range of control strategies …Weeds can cause significant problems to natural ecosystems. Although there have been numerous studies on the economics … anglocandicans) in natural environments in Australia. We developed a stochastic dynamic simulation model and a deterministic dynamic …

optimisation model. The stochastic model calculates the expected net present value (NPV) of a range of control strategies …Weeds can cause significant problems to natural ecosystems. Although there have been numerous studies on the economics … anglocandicans) in natural environments in Australia. We developed a stochastic dynamic simulation model and a deterministic dynamic …

economic and environmental damage. Spread and control of invasive species are stochastic processes with important spatial … dimensions. Most economic studies of invasive species control ignore spatial and stochastic aspects. This paper covers this gap … in the previous studies by analysing a spatially explicit dynamic process of controlling invasive species in a stochastic …

continuous review and constant lead time can easily be extended to the case with periodic review and stochastic, sequential lead …

stochastic dynamic simulation model and a stochastic dynamic programming model to find the optimal control strategies under …