SETTLING THE DECISION MATRICES WITH NO EQUILIBRIUM POINT IN AGRICULTURE
SETTLING THE DECISION MATRICES WITH NO EQUILIBRIUM POINT IN AGRICULTURE
Author(s): Marilena Ciobănaşu, Elena Mihaela Iliescu, Magdalena NegruţiuSubject(s): Economy
Published by: Editura Universităţii Vasile Goldiş
Keywords: uncertainty; decision; risk; strategy; agriculture; production.
Summary/Abstract: Intensification process of agricultural production requires continuous amplification of costs per unit of production, a phenomenon caused by the increasing amount of allocated inputs, plus their increased prices and rates for services rendered for agriculture. In these circumstances, in order to obtain an output with a high degree of efficiency, decision-makers should take such decisions to ensure the achievement of a higher rate of efficiency than that of production costs, the main way to ensure a high profit.
Journal: Studia Universitatis Vasile Goldiş, Arad - Seria Ştiinţe Economice
- Issue Year: 20/2010
- Issue No: 1
- Page Range: 589-596
- Page Count: 8
- Language: English