A simulation of the finish-line system of a major running race

The finish-line system of a major road race is investigated by means of a simulation model. In an attempt to help race management identify conditions that may lead to congestion of runners at this point. Based on the results of the model, race management was presented with a simple tool which could be used in situ to analyse a given situation, identify if congestion was likely to occur, and then consider corrective action

A mathematical approach to increasing the long-term wealth of an agricultural enterprise

This study focuses on developing an agricultural investment model based upon proven financial investment portfolio techniques. The model can be used as a tool to diversify agricultural risk over the long-term by optimising the proportion of land allocated to each of the agricultural products, resulting in increased value of the agricultural enterprise. Sensitivity analysis allows the strategist to understand the impact that future prices, gross margins and land availability may have on the long-term sustainability of the farming enterprise