You have recently purchased an orchard and it can hold 200 peach trees. Unfortunately, all of the trees are infested with bugs and need to be cut down. You decide to replant, and learn that peach trees have the following characteristics:
How often should you plan on replanting new trees to maximize peach production over the next 100 years? (note that fractional years are not an option, since you'd miss the harvest if the trees aren't present for a full year)?
Details and assumptions
If you are interested in optimization problem, you might want to look at Part Two of this problem.
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In this question, we want to maximize the total production. This is equivalent to maximizing the average yearly production, if we cut a tree down after n years. Consider the following table:
Years 1 2 3 4 5 6 7 8 9 1 0 1 1 1 2 1 3 1 4 1 5 1 6 1 7 1 8 1 9 2 0 2 1 n ≥ 2 1 Total output 0 0 0 0 5 1 0 1 5 2 0 2 5 3 0 3 5 4 0 4 5 5 0 5 5 6 0 6 5 7 0 7 5 8 0 8 0 8 0 Average output 0 0 0 0 1 1 . 6 6 2 . 1 4 2 . 5 2 . 5 3 3 . 1 8 3 . 3 3 3 . 4 6 3 . 5 7 3 . 6 6 3 . 7 5 3 . 8 2 3 . 8 8 3 . 9 4 4 3 . 8 1 n 8 0
We easily see that the maximum average yearly production occurs when we cut down the tree after 20 years.