SETTLING THE DECISION MATRICES WITH NO EQUILIBRIUM POINT IN AGRICULTURE Cover Image

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 Negruţiu
Subject(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.

  • Issue Year: 20/2010
  • Issue No: 1
  • Page Range: 589-596
  • Page Count: 8
  • Language: English