DocumentCode
694017
Title
A decision analysis for the dynamic crop rotation model with Markov process´s concept
Author
Lin, Tyrone T. ; Chung-Shiao Hsieh
Author_Institution
Dept. of Int. Bus., Nat. Dong Hwa Univ., Hualien, Taiwan
fYear
2013
fDate
10-13 Dec. 2013
Firstpage
159
Lastpage
163
Abstract
This paper mainly explores when the agricultural industry faces grain crop price fluctuations and natural climate changes, it will take which level of price of grain crops and what probability of climate changes for developing a dynamic grain crop rotation model. In the previous paper, the authors introduce the mixed strategy of game theory to construct a 2-player game. In consideration of the pursuit of the maximization of their own interests, the decision-making of dynamic grain crop rotation is the main focus of the previous paper, and it will be extended to a multiple stable dynamic grain crop rotation strategy cycle. And now the authors develop a stationary Markov process as the basis for a final decision. Markov chain is a method frequently used in decision-making and is a model simple to be discussed.
Keywords
Markov processes; crops; decision making; game theory; optimisation; pricing; probability; 2-player game; agricultural industry; climate change probability; decision-making; dynamic grain crop rotation model; game theory; grain crop price fluctuations; maximization; natural climate changes; stationary Markov process; Agriculture; Decision making; Equations; Government; Markov processes; Meteorology; Production; Markov process; decision-making; dynamic crop rotation; operation research;
fLanguage
English
Publisher
ieee
Conference_Titel
Industrial Engineering and Engineering Management (IEEM), 2013 IEEE International Conference on
Conference_Location
Bangkok
Type
conf
DOI
10.1109/IEEM.2013.6962395
Filename
6962395
Link To Document