Table 21.4 shows the parameters that are used in this example.
Table 21.4: Parameters
Parameter Name |
Interpretation |
---|---|
supply[raw] |
Supply of each raw material (in tons) |
prev_demand[product] |
Demand for each product in previous year (in tons) |
prev_price[product] |
Price of each product in previous year (in £/ton) |
percent[product,raw] |
Percentage composition for each product and raw |
elasticity[i,j] |
|