Sea Farming is set at the shores of two lakes, Uno and Oni, and utilises...
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Sea Farming is set at the shores of two lakes, Uno and Oni, and utilises the shifts in water level to avoid to use irrigation. Each yeas is not the same during the summer months and basically there are two water levels: High and Low. At High the plants are at risk to be drowned by too much water but at Low the conditions for a good harvest is better. At lake Uno the probability for High is and at lake Oni the probability for Low is The farm is looking to make a test of two types of potatoes Blue Star and Morning Break. At High Blue Star delivers a return of and at Low Morning Break promises a return of at High and at Low. Sea Farming has the opportunity to invest in a trial of either Blue Star at Uno or Morning Break at Oni. However another opportunity is to invest in Blue Star and in Morning Break. Make a full analyse of this and propose what to go for. The reason for the difference in probabilities for water level in the lakes is that Uno is fed by a river and Oni is depending on surrounding hills.
Sea Farming is set at the shores of two lakes, Uno and Oni, and utilises the shifts in water level to avoid
to use irrigation. Each yeas is not the same during the summer months and basically there
are two water levels: High and Low. At High the plants are at risk to be drowned by too much water
but at Low the conditions for a good harvest is better. At lake Uno the probability for High is
and at lake Oni the probability for Low is The farm is looking to make a test of two types
of potatoes Blue Star and Morning Break. At High Blue Star delivers a return of and at Low
Morning Break promises a return of at High and at Low.
Sea Farming has the opportunity to invest in a trial of either Blue Star at Uno or Morning Break at Oni.
However another opportunity is to invest in Blue Star and in Morning Break.
Make a full analyse of this and propose what to go for.
The reason for the difference in probabilities for water level in the lakes is that Uno is fed by a river
and Oni is depending on surrounding hills.
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