Borner, Jan; Higgins, Steven Ian; Scheiter, Simon; … - International Association of Agricultural Economists - IAAE - 2009
approximating “true” optima of complex dynamic optimization problems using a technique called simulation-optimization. We develop a … standard discrete renewable resource use problem and solve it numerically using both simulation-optimization and non … simulation-optimization vis-à-vis non-linear programming in predicting optimal control and state variable paths. On the basis of …