Soil is usually considered as a renewable resource for dynamic crop and production management decision problems. For peatland, however, soil should be regarded as an exhaustible resource. This paper determines the optimal utilization of peatland for agricultural production within a dynamic...

We examine pricing policy for a monopolist facing uncertain demand in a market characterized by dynamics on the demand side (such as diffusion or saturation effects) and/or on the cost side (experience curve effects). Our model explicitly incorporates the impact of demand uncertainty, and thus...