Abstract
Recently, Batabyal and Yoo (2007) have proposed a new probabilistic approach to orchard management. In this approach, a manager minimizes an economic criterion function, namely, the long run expected net cost of orchard management subject to an ecological constraint which says that the probability that an orchard is not Holling resilient is at most as large as an exogenously given value. In this note, we continue this line of inquiry and shed additional light on an orchard’s Holling resilience. First, we model an orchard as a stochastic ecological-economic system. Second, we compute this orchard’s Holling resilience in a general way. Finally, we study additional aspects of the limiting behavior of our measure of the Holling resilience of the orchard under study.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Publication Date
9-2007
Document Type
Article
Department, Program, or Center
Department of Economics (CLA)
Recommended Citation
Batabyal, Amitrajeet A. A. and Yoo, Seung Jick Jick Jick, A Stochastic Analysis of the Holling Resilience of an Orchard. Ecological Economics, Vol. 64, No. 1, 2007.
Campus
RIT – Main Campus
Comments
This is a post-print of an article published by Elsevier. Copyright 2007 Elsevier B.V. The final published version is located here: http://dx.doi.org/10.2139/ssrn.997146
Note: imported from RIT’s Digital Media Library running on DSpace to RIT Scholar Works in February 2014.