• 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