A BIOECONOMIC SIMULATION APPROACH TO MULTI-SPECIES INSECT MANAGEMENT
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Classical approaches to the economics of pest management have focused almost exclusively on single-species models. This study develops and implements a methodology with which to evaluate multi-species, non-stochastic, managerial decisions subject to stochastic elements of the plant-insect system. Multi-species insect management strategies (combinations of scouting interval, threshold value, and choice of pesticide) are analyzed using a physiological mechanistic soybean plant growth model coupled to three insect population dynamics models. Preliminary results indicate that net returns are maximized and variance is reduced with lower thresholds and more frequent scouting than current recommendations.