MODELING THE IMPACTS OF ALTERNATIVE INVASIVE SPECIES MANAGEMENT POLICIES ON LIVESTOCK PRODUCTION

In this paper, a dynamic optimization modeling framework for livestock production is developed for the purpose of evaluating the welfare effects of the introduction of invasive species. A beef production model implemented based on the conceptual framework shows that the model is valid and stable. The modeling framework can be used to assess the welfare effects under alternative IS management policies and optimal resource allocation schemes for policymakers