Domestic Farmers Protection by Queuing
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Date
2021-08-17
Authors
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Journal ISSN
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Publisher
National Aviation University
Abstract
The goal of the presented theoretical research is to investigate the State land trade income maximum existence at the optimization based upon two scenarios with the fixed price, turn of purchasing, and two categories of the buyer’s preferences. The used entropy paradigm makes it possible to estimate the influence of the subjective preferences uncertainty and obtain the individuals’ preferences optimal distributions. Computer simulation illustrated the theoretical findings. The plotted diagrams visualize the results in the framework of the accepted explicable and plausible theoretical background.
Description
Taking into account the optimal distribution of the preferences functions allows predicting three times more amount of land sold for domestic farmers in the modeled scenario with the fixed price, first turn for those farmers, and maximal State income. Further, it should be investigated the optimal prices in the cases with other scenarios.
Keywords
mathematical model, option, economic activity, preference, entropy, optimum, maximum, land trade, market, income
Citation
Goncharenko A. V. Domestic Farmers Protection by Queuing [video] / A. V. Goncharenko // The 2021 11th International Conference on Advanced Computer Information Technologies. Deggendorf, GERMANY. – 17 August, 2021. – 04:40 minutes. NAU Electronic Repository