报告摘要：
Motivated by the fresh produce industry, this paper studies a farmer's joint cultivation and fertilizer application decisions facing uncertainties in both the crop's market price and farm yield where yield is stochastically increasing in the fertilizer application rate. We develop a two-stage stochastic program that captures the trade-offs facing a farmer growing a single crop in a single season to maximize the expected profit. We then use the model to evaluate the effect of changes in market and operational environments on the farmer’s optimal decisions, profit, and the expected harvest volume (a measure of food security). Our analytical analysis is complemented with numerical experiments calibrated to data.
专家简介：
Lusheng Shao is a professor of operations management in Faculty of Business and Economics at the University of Melbourne. He is the Director of Teaching Resources and Planning in the Department and was Area Head of Operations Management for three years. His research interests include competition in supply chains, contracts and incentives, and more recently, sustainable operations. He has published over 20 articles in leading operations management journals (e.g., OR, MSOM, POM, DS, and NRL), and won several awards in recognition of his excellence in research and teaching. Prof. Shao is an Associate Editor of Decision Sciences and serves on the Editorial Board of Production and Operations Management. He is an incoming Editor-in-Chief of Operations Management Research. He also reviews regularly for other journals including MS, OR, and MSOM..
