ECONOMIC EFFICIENCY OF INVESTMENT IN GREENHOUSE VEGETABLE PRODUCTION WITHOUT HEATING
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 o...
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| Format: | Article |
| Language: | English |
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Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
2018-12-01
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| Series: | Ekonomika Poljoprivrede (1979) |
| Subjects: | |
| Online Access: | https://www.ea.bg.ac.rs/index.php/EA/article/view/899 |
| _version_ | 1797825153452736512 |
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| author | Radomir Bodiroga Zorica Sredojević Jonel Subić |
| author_facet | Radomir Bodiroga Zorica Sredojević Jonel Subić |
| author_sort | Radomir Bodiroga |
| collection | DOAJ |
| description |
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.
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| first_indexed | 2024-03-13T10:49:51Z |
| format | Article |
| id | doaj.art-023b496584354ae392f481d1a6027bf5 |
| institution | Directory Open Access Journal |
| issn | 0352-3462 2334-8453 |
| language | English |
| last_indexed | 2024-03-13T10:49:51Z |
| publishDate | 2018-12-01 |
| publisher | Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt |
| record_format | Article |
| series | Ekonomika Poljoprivrede (1979) |
| spelling | doaj.art-023b496584354ae392f481d1a6027bf52023-05-17T16:57:09ZengNaučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, BukureštEkonomika Poljoprivrede (1979)0352-34622334-84532018-12-0165410.5937/ekoPolj1804383BECONOMIC EFFICIENCY OF INVESTMENT IN GREENHOUSE VEGETABLE PRODUCTION WITHOUT HEATINGRadomir Bodiroga0Zorica Sredojević1Jonel Subić2University of East Sarajevo, Faculty of Agriculture, East SarajevoUniversity in Belgrade, Faculty of Agriculture, ZemunInstitute of Agricultural Economics, Belgrade 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. https://www.ea.bg.ac.rs/index.php/EA/article/view/899protected areagreenhouseinvestmentsvegetablesscenario analysis |
| spellingShingle | Radomir Bodiroga Zorica Sredojević Jonel Subić ECONOMIC EFFICIENCY OF INVESTMENT IN GREENHOUSE VEGETABLE PRODUCTION WITHOUT HEATING Ekonomika Poljoprivrede (1979) protected area greenhouse investments vegetables scenario analysis |
| title | ECONOMIC EFFICIENCY OF INVESTMENT IN GREENHOUSE VEGETABLE PRODUCTION WITHOUT HEATING |
| title_full | ECONOMIC EFFICIENCY OF INVESTMENT IN GREENHOUSE VEGETABLE PRODUCTION WITHOUT HEATING |
| title_fullStr | ECONOMIC EFFICIENCY OF INVESTMENT IN GREENHOUSE VEGETABLE PRODUCTION WITHOUT HEATING |
| title_full_unstemmed | ECONOMIC EFFICIENCY OF INVESTMENT IN GREENHOUSE VEGETABLE PRODUCTION WITHOUT HEATING |
| title_short | ECONOMIC EFFICIENCY OF INVESTMENT IN GREENHOUSE VEGETABLE PRODUCTION WITHOUT HEATING |
| title_sort | economic efficiency of investment in greenhouse vegetable production without heating |
| topic | protected area greenhouse investments vegetables scenario analysis |
| url | https://www.ea.bg.ac.rs/index.php/EA/article/view/899 |
| work_keys_str_mv | AT radomirbodiroga economicefficiencyofinvestmentingreenhousevegetableproductionwithoutheating AT zoricasredojevic economicefficiencyofinvestmentingreenhousevegetableproductionwithoutheating AT jonelsubic economicefficiencyofinvestmentingreenhousevegetableproductionwithoutheating |