A Stochastic Programming Model for Optimizing the Production of Farmed Atlantic Salmon
AbstractWe present a multi-stage stochastic programming formulation for the long-term production planning problem of a salmon farmer. Uncertainty in prices, growth and mortality is included in the model formulation, but we mainly focus on modeling the growth and development of the biomass in this pa...
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ftrepec:oai:RePEc:wsi:wschap:9789814407519_0011 2023-05-15T15:32:06+02:00 A Stochastic Programming Model for Optimizing the Production of Farmed Atlantic Salmon Stochastic Programming Applications in Finance, Energy, Planning and Logistics Martin B. Hæreid Peter Schütz Asgeir Tomasgard http://www.worldscientific.com/doi/pdf/10.1142/9789814407519_0011 http://www.worldscientific.com/doi/abs/10.1142/9789814407519_0011 unknown http://www.worldscientific.com/doi/pdf/10.1142/9789814407519_0011 http://www.worldscientific.com/doi/abs/10.1142/9789814407519_0011 book ftrepec 2020-12-04T13:41:42Z AbstractWe present a multi-stage stochastic programming formulation for the long-term production planning problem of a salmon farmer. Uncertainty in prices, growth and mortality is included in the model formulation, but we mainly focus on modeling the growth and development of the biomass in this paper. The planning horizon is 4–5 years, spanning approximately 3 life cycles of releasing smolt and slaughtering salmon. The objective is to maximize the expected profits from farming salmon, with the main decisions being both the timing and the quantity of releasing smolt and selling salmon. This chapter focuses on the description of the stochastic model and important factors for the modelling. Further work will focus more on computations and analysis. Stochastic Programming, Optimization with Scenarios, Finance, Energy, Production and Logistics Applications Book Atlantic salmon RePEc (Research Papers in Economics) |
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RePEc (Research Papers in Economics) |
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AbstractWe present a multi-stage stochastic programming formulation for the long-term production planning problem of a salmon farmer. Uncertainty in prices, growth and mortality is included in the model formulation, but we mainly focus on modeling the growth and development of the biomass in this paper. The planning horizon is 4–5 years, spanning approximately 3 life cycles of releasing smolt and slaughtering salmon. The objective is to maximize the expected profits from farming salmon, with the main decisions being both the timing and the quantity of releasing smolt and selling salmon. This chapter focuses on the description of the stochastic model and important factors for the modelling. Further work will focus more on computations and analysis. Stochastic Programming, Optimization with Scenarios, Finance, Energy, Production and Logistics Applications |
format |
Book |
author |
Martin B. Hæreid Peter Schütz Asgeir Tomasgard |
spellingShingle |
Martin B. Hæreid Peter Schütz Asgeir Tomasgard A Stochastic Programming Model for Optimizing the Production of Farmed Atlantic Salmon |
author_facet |
Martin B. Hæreid Peter Schütz Asgeir Tomasgard |
author_sort |
Martin B. Hæreid |
title |
A Stochastic Programming Model for Optimizing the Production of Farmed Atlantic Salmon |
title_short |
A Stochastic Programming Model for Optimizing the Production of Farmed Atlantic Salmon |
title_full |
A Stochastic Programming Model for Optimizing the Production of Farmed Atlantic Salmon |
title_fullStr |
A Stochastic Programming Model for Optimizing the Production of Farmed Atlantic Salmon |
title_full_unstemmed |
A Stochastic Programming Model for Optimizing the Production of Farmed Atlantic Salmon |
title_sort |
stochastic programming model for optimizing the production of farmed atlantic salmon |
url |
http://www.worldscientific.com/doi/pdf/10.1142/9789814407519_0011 http://www.worldscientific.com/doi/abs/10.1142/9789814407519_0011 |
genre |
Atlantic salmon |
genre_facet |
Atlantic salmon |
op_relation |
http://www.worldscientific.com/doi/pdf/10.1142/9789814407519_0011 http://www.worldscientific.com/doi/abs/10.1142/9789814407519_0011 |
_version_ |
1766362603445026816 |