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Applying a Mathematical Programming Model to the Wood-Fiber Market in Quebec Essay

  • Submitted by: JoelWagema1
  • on April 3, 2014
  • Category: Miscellaneous
  • Length: 587 words

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Below is an essay on "Applying a Mathematical Programming Model to the Wood-Fiber Market in Quebec" from Anti Essays, your source for research papers, essays, and term paper examples.

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Applying a Mathematical programming model to the wood-fiber market in Quebec
The Ministry of Natural Resources of Quebec began employing a descriptive mathematical programming to elaborate the workings of the wood-fiber markets. The model utilizes linear programming to find the solution of an economic equilibrium program. This enables a better understanding for ministry representatives. The tool is made with the input of extensive data from government agencies which enables the tracking of economic trends that affect paper and lumber producers. The insights provided by the model has enabled understanding of the market and then incorporated in government policy with the aim of stabilizing the behavior of markets and improving the yields of sawmills.
The fiber market is a crucial connects between the paper-and-pulp and lumber industries. The Provincial Quebec government annually organizes a meeting to discuss the lumber industry. Discussion topics include how best to smooth out demand and avoid long shortage or over-production periods and fluctuating prices. The ministry was tasked with finding a solution for this problem.
Linear programming has gained a foothold in government agencies.This is because it is an efficient tool to help figure out economic equilibrium models and general planning of forests. The Ministry of Natural Resources constituted an 8-member team consisting of 4 technical experts who were overseen by high-ranking MNR executives. The project team had 2 university professors for research on operations and mathematical programming. These acted as consultants. There was a junior civil servant, specialized in statistics and economics who perfected the mathematical model.
A major goal of this project was to enable various scenarios to be explored. This would enable 5-20 scenarios to be analyzed at the roundtable. Another goal was to investigate how newsprint paper and construction lumber prices affected the market....

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"Applying a Mathematical Programming Model to the Wood-Fiber Market in Quebec". Anti Essays. 13 Dec. 2018

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APA Citation

Applying a Mathematical Programming Model to the Wood-Fiber Market in Quebec. Anti Essays. Retrieved December 13, 2018, from the World Wide Web: http://trenmayamx.com/free-essays/Applying-A-Mathematical-Programming-Model-To-603857.html