We use a stochastic dynamic programming model to simulate the market implications of alternative foot and mouth disease scenarios in the Finnish pig sector. The model considers the dynamics of animal stock adjustment and price movements when the duration of export disruptions is unknown....

This study develops a bio-economic model framework to optimize the management of aquatic invasive species. Stochastic dynamic programming is applied to investigate when and to what extent a society should engage in efforts to reduce the likelihood of an invasion, to control and eradicate a newly...

The study develops a bio-economic crop management model that internalizes the environmental cost of nitrate pollution, accounts for stochastic weather, and includes an option for split fertilization. The integrated model is designed to indicate whether a producer can benefit from applying...