Elluminate09-14-11

Elluminate09-14-11 - AEB 6184 Simulation and Estimation of...

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AEB 6184 – Simulation and Estimation of the Primal Elluminate - 6
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Cobb-Douglas Parameters 1 1 1 1 2 2 2 1 2 3 1 1 2 2 3 3 2 3 3 3 3 w w x Y x p pY w w x Y Ax x x w x w x w x x p pY w w x Y x p pY α β γ π = = = - - - = = = =
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Fuel Use (Field Operations) Fertilizer Dry Spread 0.15 Nitrogen 91.80 Disk-Chisel 1.70 Phosphorous 36.58 Field Cultivate 0.70 Potash 23.50 Planting 0.40 Spraying 0.10 Combine 1.45 Total Diesel 4.50 Diesel Price 2.64 Total Fuel 11.88 Total Fertilizer 151.88 Field Data for Corn
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Total Costs and Revenues Parameters Total Fuel 11.88 α 0.0195 Total Fertilizer 151.88 β 0.2500 Total Labor 33.06 γ 0.0544 Total Variable Cost 196.82 Diesel (gal.) 4.50 Corn Yield 135.0 Fertilizer (tons) 0.4116 Corn Price 4.50 Labor (hours) 4.15 Total Revenue 607.50 Profit per Acre 410.68 Revenues
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Prices 2007 2008 Corn Price (FL) 4.00 4.50 Corn Price (GA) 4.50 4.60 Fertilizer Price 367 614 Fuel Price (Diesel) 2.639 3.393 Labor Price 7.97 8.91
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Cobb-Douglas Function ( 29 ( 29 ( 29 1 2 3 1 2 3 0.0195 0.2500 0.0544 135 151.484 0.8911 151.484 4.50 0.4116 4.15 135 Y Y Ax x x A x x x Y α β γ = = = = = =
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Elluminate09-14-11 - AEB 6184 Simulation and Estimation of...

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