Consider the harvest schedule of a mulberry bush. The bush lives for six years but...
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Consider the harvest schedule of a mulberry bush. The bush lives for six years but produces blooms every year. One can clip the bloom to delay harvest. The longer one waits, the bigger is the bloom and the higher is the price. One can have, for example, six harvests of ne year old blooms, or one harvest of a six year old bloom, or any combination up to six years when the bush has to be replaced. The following price schedule for fruit by harvest year is given below. Year Incremental Gain Price 0 0 0 1 5 2 5 3 6 4 5 5 4 6 3 1 Consider the harvest schedule of a mulberry bush. The bush lives for six years but produces blooms every year. One can clip the bloom to delay harvest. The longer one waits, the bigger is the bloom and the higher is the price. One can have, for example, six harvests of ne year old blooms, or one harvest of a six year old bloom, or any combination up to six years when the bush has to be replaced. The following price schedule for fruit by harvest year is given below. Year Incremental Gain Price 0 0 0 1 5 2 5 3 6 4 5 5 4 6 3 1
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