Quantitative model on smallholder's income (Workshop example using Monte Carlo)
The content of this page is licensed under the Creative Commons Attribution 3.0 License.
Quick view of the model (open complete model with iMODELER):
Tweet
Kai Neumann (#1) has provided a description of the model with the iMODELER Presenter.
Description
This quantitative model is from a workshop for the University of Cape Coast. It features a small quantitative model that starts with a steady constant development of a smallholder's income from growing one crop. Via step by step simulation it can be changed.
The model, then, was enriched by a Monte-Carlo simulation of the possible influence from extreme weather and by the use of the range() function to look for all possible combinations to identify an optimal solution.
Note: some of the factors have an explanation of the formula within their properties.
Range() version of the model:
Version without range() or Monte Carlo:
150 uses, 1807 views