Quantitative model on smallholder's income (Workshop example using Monte Carlo)
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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:
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