The increasing population, water scarcity, and labor cost demand more high-yield, water-saving, and efficient maize production. Grain mechanical harvesting, the quality of which is mainly influenced by grain moisture content, can improve the efficiency and decrease the harvest cost of maize...

The current literature on optimal forest rotation makes the assumption of constant interest rate. However, the irreversible harvesting decisions of forest stands are typically subject to relatively long time horizons over which interest rates do fluctuate considerably. In this paper we apply the...