A stochastic dynamic programming model for valuing exclusivity from encroachment in franchising

2012 ◽  
Vol 63 (2) ◽  
pp. 151-159 ◽  
Author(s):  
S Tikoo ◽  
S Liu ◽  
S K Nair
Keyword(s):  
Dynamic Programming ◽  
Stochastic Dynamic Programming ◽  
Programming Model ◽  
Stochastic Dynamic ◽  
Dynamic Programming Model

scholarly journals The economic optimization of replacement decision for sows with a stochastic dynamic programming model.

1987 ◽  
Vol 35 (2) ◽  
pp. 195-197
Author(s):  
R.B.M. Huirne ◽  
A.A. Dijkhuizen ◽  
G.W.J. Giesen
Keyword(s):  
Dynamic Programming ◽  
Stochastic Dynamic Programming ◽  
Programming Model ◽  
Economic Index ◽  
Stochastic Dynamic ◽  
Economic Optimization ◽  
Replacement Decisions ◽  
Dynamic Programming Model

A stochastic dynamic programming model was designed to determine the economically optimum replacement decisions for sows. Influences of changes in production and prices on the optimum policy were established. An economic index was calculated to be used as a culling guide for individual sows. (Abstract retrieved from CAB Abstracts by CABI’s permission)

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