Abstract

This study, for the Farmer-Bepari system of agricultural products in Bangladesh, can be formulated as a mixed integer linear programming (MILP) model. Further, it will be investigated that the significant impact of profit the attributes such as labour cost, fertilizer cost, the raw material cost of different firms and also to estimate the product distribution in different locations. To solve this MILP model, with the help of a branch and bound algorithm by using A Mathematical Programming Language (AMPL). To investigate the model we have to collect data from seven locations of three districts in Bangladesh. Also, a numerical example presented this study, which objectives illustrate the models. From the sensitivity of the production, if the raw material cost, labour cost and fertilizer cost increase is about 5%, then decrease the profit by MILP model have 0.004%, 1.6% and 1.2% respectively. Labour cost is a significant factor in profit, which changes the profit more than the raw material cost and fertilizer cost of the product. The results are helping decision-makers to identify the desired agricultural production and distribution structure optimization strategy.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.