Optimization of Crop Planting Strategies under Uncertainty Based on Price Elasticity

Optimizing crop planting strategies is crucial for enhancing rural agricultural resilience and economic sustainability. This study focuses on 54 plots in a rural area of the mountainous regions in North China. Considering uncertain factors in crop planting, as well as the substitutability and complementarity among various crops and the impact of selling price on expected sales volume, uncertain optimization models based on cross-price elasticity and price elasticity of demand are established under two scenarios: overstock due to production exceeding pre-sales volume and sales with price reduction. Using Monte Carlo simulation, the optimal planting strategies for the next seven years are provided, aiming to maximize economic benefits while ensuring agricultural sustainability.

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Published
2025-03-07
DOI
https://doi.org/10.1145/3729706.3729804
Primary Topic
Economics of Agriculture and Food Markets
Type
article
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article

Optimization of Crop Planting Strategies under Uncertainty Based on Price Elasticity

Rui Zhao
Economics of Agriculture and Food Markets
article

Optimization of Crop Planting Strategies under Uncertainty Based on Price Elasticity

Rui Zhao
article en

Abstract

Optimizing crop planting strategies is crucial for enhancing rural agricultural resilience and economic sustainability. This study focuses on 54 plots in a rural area of the mountainous regions in North China. Considering uncertain factors in crop planting, as well as the substitutability and complementarity among various crops and the impact of selling price on expected sales volume, uncertain optimization models based on cross-price elasticity and price elasticity of demand are established under two scenarios: overstock due to production exceeding pre-sales volume and sales with price reduction. Using Monte Carlo simulation, the optimal planting strategies for the next seven years are provided, aiming to maximize economic benefits while ensuring agricultural sustainability.

Tianjin University of Technology (CN)
Zero hunger
Openalex Percentile: Top 78%
Economics of Agriculture and Food Markets
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