Mathematical model for strategic planning optimization in the pome fruit industry
AbstractThis paper presents a strategic planning model for optimal restructuring of a pome (pears and apples) production farm concerning varieties and planting densities. The model decides the optimal investment policy for a given farm, maximizing the net present value of business while dynamically deciding its planting structure along a given time horizon under different financing scenarios. The model constraints impose restrictions on the activities to take into account risks and cultural practices. The mathematical model corresponds to a mixed integer linear programming problem, where integer decisions are related to the minimum reconversion land unit and funding requirements.
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Bibliographic InfoArticle provided by Elsevier in its journal Agricultural Systems.
Volume (Year): 115 (2013)
Issue (Month): C ()
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Web page: http://www.elsevier.com/locate/agsy
Strategic planning; Optimization; Fruit industry; Restructuring of varieties;
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