Description Usage Arguments Value
Define a profit function, price minus cost
1 | profit_harvest(price = 1, c0 = 0.1, c1 = 0)
|
price |
market price (Note, optimal will scrap xT if price is high enough!) |
c0 |
Cost, linear with effort (cost = (c0 + c1*E)*E |
c1 |
Cost, quadratic with effort (cost = (c0 + c1*E)*E |
a function computing profit at harvest intensity h_i over possible stock values x_grid, profit(x_grid, h_i)
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