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In this paper a mathematical model of optimal agricultural production plan is derived and applied on a small farm which is located in west Vojvodina. In order to construct a more realistic model of optimal crop distribution and deal with crop rotation and uncertainty, the modified Mean - Variance model is used.
The art of computer-based game production is an aspiring goal and a challenging task. It involves many different activities, expertise and skills into many different areas such as: game theory, programming skills, multimedia, 2D/3D graphics and animation, sound engineering, story writing, project design and management, physics, logic design, interface programming, artificial intelligence (AI) and...
This paper considers a product mix problem both maximizing the total future profit and reducing excessive inventories including uncertainty with respect to future profits and customers' demands. Furthermore, since a decision maker has a goal with respect to the total future profit and each inventory of the product, in this paper, aspiration levels for them are also introduced. The proposal product...
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