Question: Reconsider the pig problem of Example 1 . 1 , but now assume that the price for pigs is starting to level off. Let p
Reconsider the pig problem of Example but now assume that the price
for pigs is starting to level off. Let
represent the price for pigs centslb after days.
a Use MATLAB to graph eqn. along with our original price equation.
b Find the best time to sell the pig.
c The parameter represents the rate at which price is leveling off.
Conduct a sensitivity analysis on this parameter. Consider both the optimal
time to sell and the resulting profit.
d Compare the results of part b to the optimal solution contained in the
text. Comment on the robustness of our assumptions about price.
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