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Xanadu Farms: Weathering the Uncertainty

Tiffany Bayley

商品編號:W33716
出版日期:2023/05/31
再版日期:2023/06/12
商品來源:
商品主題:Management Science; Operations Management
商品類型:
涵蓋議題:stochastic optimization;two-stage;recourse;Excel;EVPI;agriculture
難易度:4 - Undergraduate/MBA
內容長度:5 頁
地域:Canada
產業:
事件年度:2023

In March 2023, two strawberry producers in Ontario, Canada had to decide how many acres to plant with each of four strawberry varieties at Xanadu Farms. They had committed to providing 275,000 pounds of berries to a local independent grocery chain and also required some of their berry crop to make strawberry preserves. Complicating this decision was the impact that weather had on the yield of each type of berry. If the weather reduced the yield, the two producers would need to make up for the loss by sourcing berries from several nearby farmers. However, if the weather was favourable, they would be able to sell any excess berries at their own storefront. What current decision should the two strawberry producers make to ensure they achieve the best outcome one year later?

教學手冊:Xanadu Farms: Weathering the Uncertainty - Teaching Note
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