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All Journal International Journal of Quantitative Research and Modeling
Herlina Napitupulu
Department of Mathematics Faculty of Mathematics and Natural Science, University of Padjadjaran, Indonesia
Computer Science & IT Decision Sciences, Operations Research & Management Engineering Environmental Science Physics

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Analysis of Determining The Cost of Replanting for Smallholder Oil Palm Plantations Using Annuities Model with Python Rayyan Al Muddatstsir Fasa; Herlina Napitupulu; Sukono Sukono
International Journal of Quantitative Research and Modeling Vol. 4 No. 4 (2023): International Journal of Quantitative Research and Modeling
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijqrm.v4i4.547

Abstract

Palm oil replanting is a necessary activity to enhance the productivity of aging oil palm trees. However, the high costs associated with replanting often create a financial burden for farmers. To address this issue, the study proposes the implementation of a contribution or levy system for smallholder farmers while their oil palm plantations are still productive, which would alleviate the financial burden of replanting. The research methodology employed includes a literature review and primary data collection through a survey of smallholder farmers, with the data being processed to create a mathematical model and simulated using the Python programming language. The results of this study include the development of a mathematical model for the levy and distribution of replanting costs, along with a simulation of the proposed system. This model could help smallholder farmers prepare for replanting costs, enhance the sustainability of palm oil production, and ultimately increase productivity.
Co-Authors Rayyan Al Muddatstsir Fasa Sukono Sukono