Concepts associated with stochastic process containing multiple transition matricies are discussed. It is proved that under certain conditions, a process with m transition matrices has m unique limiting probability vectors. This result extends the notion of discrete Markov processes to problems...

Survey responses concerning the general aspects of current exotic operations and attitudes of current producers are presented. A wide diversity of exotic livestock operations was indicated by the respondents. Respondents were on average well educated and in high gross income brackets. Overall,...

The economic feasibility of investing in sprinkler irrigation technology for rice production is investigated using linear programming and capital budgeting to identify the net annual benefits and net present value, respectively. Groundwater and both flat rate and volumetrically priced surface...

Texas is the leading U.S. producer of cotton, and the U.S. is the largest internationalmarket supplier of cotton. Risks and uncertainties plague Texas cotton producers withunpredictable weather, insects, diseases, and price variability. Risk management studieshave examined the risk reducing...

Conventional water treatment facilities are the norm for producing potable water forU.S. metropolitan areas. Rapidly-growing urban populations, competing demands forwater, imperfect water markets, and uncertainty of future water supplies contribute tohigh interests in alternative sources of...