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Library A DYNAMIC AND STOCHASTIC PERSPECTIVE ON THE ROLE OF TIME IN RANGE MANAGEMENT

A DYNAMIC AND STOCHASTIC PERSPECTIVE ON THE ROLE OF TIME IN RANGE MANAGEMENT

A DYNAMIC AND STOCHASTIC PERSPECTIVE ON THE ROLE OF TIME IN RANGE MANAGEMENT

Resource information

Date of publication
December 2003
Resource Language
ISBN / Resource ID
AGRIS:US2016221589

This chapter uses a new ecological-economic approach to analyze the role of time in range management in a dynamic and stochastic setting. We first construct a theoretical model of a parcel of rangeland in which time restrictions are used to manage the land. We then show how the dynamic and the stochastic properties of this rangeland can be used to construct two managerial objectives that are ecologically and economically meaningful. Finally, using these two objectives, we discuss an approach to range management in which the manager has two interrelated goals. This manager maximizes the profits from range operations and (s)he also takes steps to move the rangeland away from the least desirable state of existence.

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Authors and Publishers

Author(s), editor(s), contributor(s)

Batabyal, Amitrajeet A.
Biswas, Basudeb
Godfrey, E. Bruce

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