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Environmental goals often conflict with the economic goals of agricultural producers. The Cottonwood River in Minnesota is heavily polluted with nitrogen, phosphate and sediment from agricultural sources in the watershed. Goals of profit maximization for producers conflict with those of effluent...
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The purpose of this paper is to present an overview of discrete stochastic sequential programming and to illustrate the technique through a numerical example. The application of the technique to empirical problems involving decision making will be briefly discussed and an empirical application...
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Systematic approaches to validation of linear programming models are discussed for prescriptive and predictive applications to economic problems. Specific references are made to a general linear programming formulation, however, the approaches are applicable to mathematical programming...
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Replaced with revised version of paper 05/10/06.
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