11159

Oil Mallee Farming Optimization Problem

Farmer Joe is considering plant mallees (a type of eucalyptus) on part of his 90 hectares of land. Wheat profits is $120/ha, while mallee profit is $90/ha. He also knows that mallees will cost him 2 days of work/ha, while wheat costs 3 days/ha. He is a profit-maximizing farmer who has a maximum of 180 working days available (labor constraint).
Use the sliders to explore how changing the Mallee area constraints and the labor constraint affects the feasible area for a solution to Joe's problem.
Use the "profit" slider to explore how much profit Joe could possibly make, while staying within the feasible solution region.
Can you see at which basic solution corner his profit-maximizing solution exist? What are the limiting constraints?
What is the characteristic of the optimal solution indicated by a black circle?

SNAPSHOTS

  • [Snapshot]
  • [Snapshot]
  • [Snapshot]

DETAILS

The problem setup is where X1 is wheat area and X2 is the Mallee area:
Maximize
subject to:
;
.
This problem is based on real-life decision problems that farmers in Western Australia have to make. Oil mallee farming is emerging as a potential addition to dry-land agriculture systems. Planting mallees can generate income from carbon credits, from biofuels, and may also come with additional environmental benefits that improve farming practice.
Of course, the on-farm economics is very important to landholders when they decide whether to plant mallees or not, because there are costs associated with the initial plantings and they essentially take cropping land out of production.
For more information, see http://www.oilmallee.org.au/
    • Share:

Embed Interactive Demonstration New!

Just copy and paste this snippet of JavaScript code into your website or blog to put the live Demonstration on your site. More details »

Files require Wolfram CDF Player or Mathematica.









 
RELATED RESOURCES
Mathematica »
The #1 tool for creating Demonstrations
and anything technical.
Wolfram|Alpha »
Explore anything with the first
computational knowledge engine.
MathWorld »
The web's most extensive
mathematics resource.
Course Assistant Apps »
An app for every course—
right in the palm of your hand.
Wolfram Blog »
Read our views on math,
science, and technology.
Computable Document Format »
The format that makes Demonstrations
(and any information) easy to share and
interact with.
STEM Initiative »
Programs & resources for
educators, schools & students.
Computerbasedmath.org »
Join the initiative for modernizing
math education.
Step-by-Step Solutions »
Walk through homework problems one step at a time, with hints to help along the way.
Wolfram Problem Generator »
Unlimited random practice problems and answers with built-in step-by-step solutions. Practice online or make a printable study sheet.
Wolfram Language »
Knowledge-based programming for everyone.
Powered by Wolfram Mathematica © 2017 Wolfram Demonstrations Project & Contributors  |  Terms of Use  |  Privacy Policy  |  RSS Give us your feedback
Note: To run this Demonstration you need Mathematica 7+ or the free Mathematica Player 7EX
Download or upgrade to Mathematica Player 7EX
I already have Mathematica Player or Mathematica 7+