Optimal grazing management rules in semi-arid rangelands with uncertain rainfall

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Optimal grazing management rules in semi-arid rangelands with uncertain rainfall. / Quaas, Martin F.; Baumgärtner, Stefan.
in: Natural Resource Modeling, Jahrgang 25, Nr. 2, 05.2012, S. 364-387.

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

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@article{4725d6eb69e24ad388e3a48b11f7d5d2,
title = "Optimal grazing management rules in semi-arid rangelands with uncertain rainfall",
abstract = "We study optimal adaptive grazing management under uncertain rainfall in a discrete-time model. As in each year actual rainfall can be observed during the short rainy season, and grazing management can be adapted accordingly for the growing season; the closed-loop solution of the stochastic optimal control problem does not only depend on the state variable, but also on the realization of the random rainfall. This distinguishes optimal grazing management from the optimal use of most other natural resources under uncertainty, where the closed-loop solution of the stochastic optimal control problem depends only on the state variables. Solving this unusual stochastic optimization problem allows us to critically contribute to a long-standing controversy over how to optimally manage semi-arid rangelands by simple rules of thumb.",
keywords = "Sustainability sciences, Management & Economics, Environmental risk, risk management, stochastic optimal control, grazing management, rules of thumb, Environmental risk, grazing management, risk management, rules of thumb, stochastic optimal control",
author = "Quaas, {Martin F.} and Stefan Baumg{\"a}rtner",
year = "2012",
month = may,
doi = "10.1111/j.1939-7445.2011.00110.x",
language = "English",
volume = "25",
pages = "364--387",
journal = "Natural Resource Modeling",
issn = "0890-8575",
publisher = "John Wiley & Sons Inc.",
number = "2",

}

RIS

TY - JOUR

T1 - Optimal grazing management rules in semi-arid rangelands with uncertain rainfall

AU - Quaas, Martin F.

AU - Baumgärtner, Stefan

PY - 2012/5

Y1 - 2012/5

N2 - We study optimal adaptive grazing management under uncertain rainfall in a discrete-time model. As in each year actual rainfall can be observed during the short rainy season, and grazing management can be adapted accordingly for the growing season; the closed-loop solution of the stochastic optimal control problem does not only depend on the state variable, but also on the realization of the random rainfall. This distinguishes optimal grazing management from the optimal use of most other natural resources under uncertainty, where the closed-loop solution of the stochastic optimal control problem depends only on the state variables. Solving this unusual stochastic optimization problem allows us to critically contribute to a long-standing controversy over how to optimally manage semi-arid rangelands by simple rules of thumb.

AB - We study optimal adaptive grazing management under uncertain rainfall in a discrete-time model. As in each year actual rainfall can be observed during the short rainy season, and grazing management can be adapted accordingly for the growing season; the closed-loop solution of the stochastic optimal control problem does not only depend on the state variable, but also on the realization of the random rainfall. This distinguishes optimal grazing management from the optimal use of most other natural resources under uncertainty, where the closed-loop solution of the stochastic optimal control problem depends only on the state variables. Solving this unusual stochastic optimization problem allows us to critically contribute to a long-standing controversy over how to optimally manage semi-arid rangelands by simple rules of thumb.

KW - Sustainability sciences, Management & Economics

KW - Environmental risk

KW - risk management

KW - stochastic optimal control

KW - grazing management

KW - rules of thumb

KW - Environmental risk

KW - grazing management

KW - risk management

KW - rules of thumb

KW - stochastic optimal control

UR - http://www.scopus.com/inward/record.url?scp=84859854126&partnerID=8YFLogxK

U2 - 10.1111/j.1939-7445.2011.00110.x

DO - 10.1111/j.1939-7445.2011.00110.x

M3 - Journal articles

VL - 25

SP - 364

EP - 387

JO - Natural Resource Modeling

JF - Natural Resource Modeling

SN - 0890-8575

IS - 2

ER -

DOI