Adjustment and Control the Agricultural Production with the Law of Price

Wen-xi Duan ()
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Wen-xi Duan: Beijing Normal University

A chapter in Proceedings of 20th International Conference on Industrial Engineering and Engineering Management, 2013, pp 1073-1083 from Springer

Abstract: Abstract The market price of agricultural products is affected by many factors, among which the most important factor is the demand quantity and production quantity. That is to say, the market price of agricultural products is the two variables function of the quantities of the demand and production. When the demand quantity is the constant, the price function is the monotone decreasing function of the production quantity. If the production quantity is the constant, the price function is the monotone increasing function of the demand quantity. The price function for a kind of agricultural product can be approximated using the two variables linear function during a period. The approximate function can be determined using the multiple regression method. The production quantity in the future can be forecasted using production profits at the time and the agricultural production quantity in the future can be controlled with the price function law.

Keywords: Agricultural production; Demand quantity; Production quantity; Price function; Production planning (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/978-3-642-40063-6_105

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