Economic efficiency of investment in greenhouse vegetable production without heating
Abstract
This paper analyzes the economic effectiveness of vegetable production in a protected area in terms and in a manner that is characteristic of the analyzed area (Bijeljina, Bosnia and Herzegovina). Dynamic methods for evaluating the economic feasibility of the investment were applied to two models of vegetables production in greenhouses. Models represent completely alternative investments, so the choice between them is based on the net present value. Economic justification under risk conditions was checked using the scenario analysis. The results of the survey indicate that the investments in both models are justified both in optimal and risky production conditions. The model that includes the production of two crops is economically more efficient than the production of one crop per year. The same model will take precedence also in risky production conditions, as indicated by the higher expected net present value and lower value of the coefficient of variation.
Keywords:
protected area / greenhouse / investments / vegetables / scenario analysisSource:
Ekonomika poljoprivrede, 2018, 65, 4, 1383-1393Publisher:
- Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
Collections
Institution/Community
Poljoprivredni fakultetTY - JOUR AU - Bodiroga, Radomir AU - Sredojević, Zorica AU - Subić, Jonel PY - 2018 UR - http://aspace.agrif.bg.ac.rs/handle/123456789/4823 AB - This paper analyzes the economic effectiveness of vegetable production in a protected area in terms and in a manner that is characteristic of the analyzed area (Bijeljina, Bosnia and Herzegovina). Dynamic methods for evaluating the economic feasibility of the investment were applied to two models of vegetables production in greenhouses. Models represent completely alternative investments, so the choice between them is based on the net present value. Economic justification under risk conditions was checked using the scenario analysis. The results of the survey indicate that the investments in both models are justified both in optimal and risky production conditions. The model that includes the production of two crops is economically more efficient than the production of one crop per year. The same model will take precedence also in risky production conditions, as indicated by the higher expected net present value and lower value of the coefficient of variation. PB - Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt T2 - Ekonomika poljoprivrede T1 - Economic efficiency of investment in greenhouse vegetable production without heating EP - 1393 IS - 4 SP - 1383 VL - 65 DO - 10.5937/ekoPolj1804383B ER -
@article{ author = "Bodiroga, Radomir and Sredojević, Zorica and Subić, Jonel", year = "2018", abstract = "This paper analyzes the economic effectiveness of vegetable production in a protected area in terms and in a manner that is characteristic of the analyzed area (Bijeljina, Bosnia and Herzegovina). Dynamic methods for evaluating the economic feasibility of the investment were applied to two models of vegetables production in greenhouses. Models represent completely alternative investments, so the choice between them is based on the net present value. Economic justification under risk conditions was checked using the scenario analysis. The results of the survey indicate that the investments in both models are justified both in optimal and risky production conditions. The model that includes the production of two crops is economically more efficient than the production of one crop per year. The same model will take precedence also in risky production conditions, as indicated by the higher expected net present value and lower value of the coefficient of variation.", publisher = "Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt", journal = "Ekonomika poljoprivrede", title = "Economic efficiency of investment in greenhouse vegetable production without heating", pages = "1393-1383", number = "4", volume = "65", doi = "10.5937/ekoPolj1804383B" }
Bodiroga, R., Sredojević, Z.,& Subić, J.. (2018). Economic efficiency of investment in greenhouse vegetable production without heating. in Ekonomika poljoprivrede Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt., 65(4), 1383-1393. https://doi.org/10.5937/ekoPolj1804383B
Bodiroga R, Sredojević Z, Subić J. Economic efficiency of investment in greenhouse vegetable production without heating. in Ekonomika poljoprivrede. 2018;65(4):1383-1393. doi:10.5937/ekoPolj1804383B .
Bodiroga, Radomir, Sredojević, Zorica, Subić, Jonel, "Economic efficiency of investment in greenhouse vegetable production without heating" in Ekonomika poljoprivrede, 65, no. 4 (2018):1383-1393, https://doi.org/10.5937/ekoPolj1804383B . .