Optimal Information Acquisition under a Geostatistical Model
Breidt, F. Jay
Develops a framework for incorporating estimation risk into a decision model to determine the optimal amount of soil test information when applying nitrogen fertilizer using a variable rate technology (VRT). Producers should acknowledge that the soil nitrate mapping is a collection of estimates and does not provide information at non-sampled sites. Switching from single rate technology to VTR is more plausible for fields with greatest soil nitrate variability.