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Dynamic Programming and the Economics of Optimal Grain Storage

Author

Listed:
  • Plato, Gerald
  • Gordon, Douglas

Abstract

Understanding the dynamic programming algorithms used In the optimal grain storage literature IS a prerequisite to understanding the findings of this literature This article Introduces these dynamic programming algorithms by examining several In terms of their underlying economic behavior These are Gustafson's original algorithms and algorithms developed by Gardner and Ippolito that Include rational producer response In addition to optimal grain storage, making them the most advanced m the optimal gram storage literature

Suggested Citation

  • Plato, Gerald & Gordon, Douglas, 1983. "Dynamic Programming and the Economics of Optimal Grain Storage," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 35(1), pages 1-13, January.
    • Handle: RePEc:ags:uersja:148978
    DOI: 10.22004/ag.econ.148978
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    Citations

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    Cited by:

    1. Pinckney, Thomas C., 1988. "Storage, trade, and price policy under production instability: maize in Kenya," Research reports 71, International Food Policy Research Institute (IFPRI).
    2. Hoffman, Linwood & Glauber, Joseph, 1987. "Effects Of Public Stock.Holding Programs Upon Grain Stock Enhancement," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 269981, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Sharples, Jerry A. & Martinez, Stephen W., 1993. "The Role of Stocks in World Grain Market Stability," Foreign Agricultural Economic Report (FAER) 148001, United States Department of Agriculture, Economic Research Service.
    4. Glauber, Joseph W. & Harwood, Joy L. & Miranda, Mario J., 1989. "Federal Crop Insurance and the 1990 Farm Bill: An Assessment of Program Options," Staff Reports 278249, United States Department of Agriculture, Economic Research Service.
    5. Christophe Gouel, 2013. "Comparing Numerical Methods for Solving the Competitive Storage Model," Computational Economics, Springer;Society for Computational Economics, vol. 41(2), pages 267-295, February.
    6. Glauber, Joseph W. & Miranda, Mario J., 1986. "A Rational Expectations Model Of Inventory Holding Under Risk And Uncertainty," 1986 Annual Meeting, July 27-30, Reno, Nevada 278113, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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