Crop to obtain the largest net cash return

Reference no: EM13785937

Engineering economics problem :A farmer estimates that if he harvests his soybean crop now, he will obtain 1,000 bushels, which he can sell at $3.00 per bushel. However, he estimates that this crop will increase by an additional 1,200 bushels of soybeans for each week he delays harvesting, but the price will drop at a rate of 50 cents per bushel per week; in addition, it is likely that he will experience spoilage of approximately 200 bushels per week for each week he delays harvesting. When should he harvest his crop to obtain the largest net cash return, and how much will be received for his crop at that time?

Reference no: EM13785937

Questions Cloud

What is an idea or meaning that runs through a piece of art : What is an idea or meaning that runs through a piece of art or literature

What is your experience with research so far : Write a journal paper about What is your experience with research so far? And How do you know if a source is credible?

Put yourself in the position of consultant to an owner of se : Put yourself in the position of consultant to an owner of several small convenience stores. You've been hired to help set up a process for ensuring the owner has valid selection measures for each position in the store. what recommendations would you ..

Discuss job analysis job descriptions and specifications : Discuss job analysis job descriptions and specifications

Crop to obtain the largest net cash return : Engineering economics problem :A farmer estimates that if he harvests his soybean crop now, he will obtain 1,000 bushels, which he can sell at $3.00 per bushel. However, he estimates that this crop will increase by an additional 1,200 bushels of soyb..

Learning style-emotional intelligence and personality : Name one significant lesson that you discovered about your learning style, emotional intelligence, and personality. Using this information, what step(s) do you plan to take to become a more effective manager?

Write a short summary of story the death disk by mark twain : Write a short summary of story The death disk by mark twain.

Rational decision making model : Describe a non-programmed decision you have made using the rational decision making model. At what point did bounded rationality kick in? What might have happened if you did not accept bounded rationality at some point?

Identify the important facts in the case study : Identify the important facts in the case study. What decisions were or were not made in the case study? Do you believe the decisions or best practices were appropriate

User Account

All Pages