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Theory and Modern Applications

Table 14 Changes in optimal profit (quasi-Newton) as upper bound on cutting per period is changed for fresh and fired sugarcane in the north-east region in year 2013/14 (mcf = 0.5)

From: Determining optimal policies for sugarcane harvesting in Thailand using bi-objective and quasi-Newton optimization methods

Maximum cutting (tonne per period)

Optimal total profit (109 baht)

Fresh

Fired

2,500,000

2.375

1.320

3,000,000

2.549

1.701

3,500,000

2.655

1.941

4,000,000

2.725

2.095

4,500,000

2.757

2.202