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OPTIMAL WOOL FLOWS FOR MINIMIZATION OF TRANSPORT COSTS *
Author(s) -
Dent W.
Publication year - 1966
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1966.tb00018.x
Subject(s) - wool , legislation , production (economics) , linear programming , state (computer science) , minification , agricultural economics , operations research , business , operations management , natural resource economics , agricultural science , economics , environmental science , mathematics , geography , microeconomics , archaeology , mathematical optimization , political science , algorithm , law
Movements of wool from grower to wool store in Queensland, N.S.W., Victoria, and South Australia are affected by differing State legislation and Section 92 of the Australian Constitution. Taking various arrangements within each State into account, average wool transport costs from wool production areas to selling centres are found. A linear programming technique is then applied to produce an optimal pattern of wool flows minimizing transport costs for all growers.