ISHS Acta Horticulturae 295: Horticultural Economics and Marketing, XXIII IHC
A STOCHASTIC MODEL TO EVALUATE THE EFFECT OF UNCERTAINTY IN POT PLANT PRODUCTION |
| Author: | S. Ludwig |
| Abstract:
The paper presents a planning model that considers the effect of risks on decision making in horticultural firms. The model focuses on the influence of global radiation on plant growth in glasshouse production. A stochastic model is developed for production planning in pot plant firms and is based on the method of chance-constrained programming which allows to directly incorporate the risk attitudes of decision makers into the model. First results and intentions for future extensions are discussed. | |
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