Optimization of management plans with short and long run problems: The case of shrimp production

Optimization of management plans with short and long run problems: The case of shrimp production

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Article ID: iaor1989398
Country: Netherlands
Volume: 40
Issue: 1
Start Page Number: 22
End Page Number: 31
Publication Date: May 1989
Journal: European Journal of Operational Research
Authors: , , ,
Keywords: agriculture & food, programming: dynamic
Abstract:

A management plan of continuous production is specified and optimized. An optimal control framework is used to solve for the decision variables. An economic interpretation of the optimality conditions is provided. The model is applied to the management of a shrimp pond. Results for different runs of the model are given and discussed.

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