Optimal Programming Problems for Crop Planning and Agricultural Resource Management
Journal Title: Archives of Business Research - Year 2017, Vol 5, Issue 12
Abstract
In this paper the researchers have developed two linear programming problems for optimal allocation of agricultural land with the objectives of minimizing farming costs and maximizing the revenue. The formulation of constraints are based on cost constraint of type of cultivation expenditure, allowable budget constraint for type of cultivation method, cost constraint with type of crop, allowable budget on the type of crop, total availability of land, competitive price of market on the price of each crop, minimum supporting price on each unit of crop, total investment and total revenue, break even yield of the crop, etc. The data on various categories are obtained through secondary data sources. Optimal sizes of agricultural land for each crop are obtained after solving all the combinations of programming problems. The decision making policies are suggested after analyzing the outputs on the parameters for management of agricultural resources.
Authors and Affiliations
Dr Kiran Kumar Paidipati, Tirupathi Rao Padi
Keywords
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- EP ID EP325812
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