Estimating economic thresholds for pest control: an alternative procedure.
An alternative methodology to determine profit maximizing economic thresholds is developed and illustrated. An optimization problem based on the main biological and economic relations involved in determining a profit maximizing economic threshold is first advanced. From it, a more manageable model of 2 nonsimultaneous reduced-from equations is derived, which represents a simpler but conceptually and statistically sound alternative. The model recognizes that yields and pest control costs are a function of the economic threshold used. Higher (less strict) economic thresholds can result in lower yields and, therefore, a lower gross income from the sale of the product, but could also be less costly to maintain. The highest possible profits will be obtained by using the economic threshold that results in a maximum difference between gross income and pest control cost functions.
Ramirez
O A
OA
Centro Agronómico Tropical de Investigación y Enseñanza (CATIE), Turrialba, Costa Rica.
Saunders
J L
JL
D000818:Animals; D007300:Insect Control / Q000191:economics* / Q000379:methods; D017059:Models, Econometric