chand: Handling cost $0.76/ton ($0.66/ton)
Pgrain: Price of grain $170.0/ton
Irate: Annual interest rate 6.0%/yeara
Lmin Elevator loading minimum 12,100 (2640)tons
drate Demand rate of grain into elevator Input [tons/day]
time Length of analysis period 1days
a
6% is the short-term annual interest rate. Source: Edwards, William. “Cost of Storing Grain|Ag Decision Maker.” Cost of Storing Grain|Ag Decision Maker. Iowa State University: Extension and Outreach, 2013. Web. January 2015. . The link to the excel file on the right hand side of this page is the actual source.