Abstract
This study focuses on the decisions of picking, inventory, ripening, delivering, and selling mangoes in a harvesting season. Demand, supply, and prices are uncertain, and their probability density functions are fitted based on actual trading data collected from the largest spot market in Taiwan. A stochastic programming model is formulated to minimize the expected cost under the considerations of labor, storage space, shelf life, and transportation restrictions. We implement the sample-average approximation to obtain a high-quality solution of the stochastic program. The analysis compares deterministic and stochastic solutions to assess the uncertain effect on the harvest decisions. Finally, the optimal harvest schedule of each mango variety is suggested based on the stochastic program solution.
Funder
Ministry of Science and Technology, Taiwan
Subject
Management, Monitoring, Policy and Law,Renewable Energy, Sustainability and the Environment,Geography, Planning and Development
Reference28 articles.
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2. Strategic Spot Trading in Supply Chains
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