Wm. Frasier et Gh. Pfeiffer, OPTIMAL REPLACEMENT AND MANAGEMENT POLICIES FOR BEEF-COWS, American journal of agricultural economics, 76(4), 1994, pp. 847-858
Beef cow replacement studies have not reflected the interaction betwee
n herd management and the culling decision. We demonstrate techniques
for modeling optimal beef cow replacement intervals and discrete manag
ement policies by incorporating the dynamic effects of management on f
uture productivity when biological response is uncertain. Markovian de
cision analysis is used to identify optimal beef cow management on a r
anch typical of the Sandhills region of Nebraska. Issues of breeding s
eason length, winter nutrition, and replacement are investigated. Resu
lts illustrate the importance of nutrition management in the replaceme
nt decision.