Optimal stochastic control of U.S. wheat stocks and exports
1980
Burt, O.R. | Koo, W.W. | Dudley, N.J.
Extract: A stochastic dynamic programming model was developed to estimate optimal strategies for U.S. wheat reserves policy using the results of an econometric model which reflects the complex dynamics of supply response. Empirical results indicated that U.S. producers are the beneficiaries of a wheat storage program, while domestic and foreign consumers are relatively small and large losers, respectively. Another result is that wheat storage capacity in excess of 2 billion bushels is difficult to justify economically.
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书目信息
American journal of agricultural economics
卷
62
期
2
页码
172
- 187
ISSN
0002-9092
其它主题
United states; Grains; Reserves
语言
英语
注释
2019-12-04
类型
Journal Article; Text
2024-02-28
MODS