Model Perspective
Jul 10, 2022 · Operations
When Is the Optimal Time to Sell Pigs? A Profit Maximization Model
This article models the daily profit of a pig farm by balancing feed and labor costs against decreasing market prices, derives the optimal selling day that maximizes profit, and conducts sensitivity and robustness analyses to assess how estimation errors and parameter changes affect the recommended timing.
agricultural modelingeconomic modelingoperations research
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