Conditions for Developing Sustainable Growth of Region's Agricultural Industry
In the article demonstrated the need for forming sustainable growth of agricultural industry using tools for cost optimization within the business unit. Development of effectively functioning of in-house system of cost management defines the necessity of establishing target price for agricultural p...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2016-06-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/2553 |
| _version_ | 1797918156864356352 |
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| author | Alexander Vladimirovich Nemchenko Tatiana Aleksandrovna Dugina Evgeniy Aleksandrovich Likholetov Aleksander Viktorovich Malofeev Aleksander Aleksandrovich Likholetov |
| author_facet | Alexander Vladimirovich Nemchenko Tatiana Aleksandrovna Dugina Evgeniy Aleksandrovich Likholetov Aleksander Viktorovich Malofeev Aleksander Aleksandrovich Likholetov |
| author_sort | Alexander Vladimirovich Nemchenko |
| collection | DOAJ |
| description |
In the article demonstrated the need for forming sustainable growth of agricultural industry using tools for cost optimization within the business unit. Development of effectively functioning of in-house system of cost management defines the necessity of establishing target price for agricultural products, and wherefore it was approved and suggested to use extrapolation method for the conditions of Volgograd region. Further progress of cost optimization is worthwhile investigating on the basis of classification of costs as fixed and variable costs within operating procedures, at the same time it is necessary to take into account the nominal level of profitability and environment. The proposed ways for forming the reasonable cost value would contribute to forming conditions for development of sustainable growth of agricultural industry.
Keywords: economic growth; costs optimization; agricultural industry; costs of production; profitability; technical operations.
JEL Classifications: Q13, R11
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| first_indexed | 2024-04-10T13:26:07Z |
| format | Article |
| id | doaj.art-b4d24dd6ad9e476cb2ac734ace770af1 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T13:26:07Z |
| publishDate | 2016-06-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-b4d24dd6ad9e476cb2ac734ace770af12023-02-15T16:11:52ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-06-0162SConditions for Developing Sustainable Growth of Region's Agricultural IndustryAlexander Vladimirovich NemchenkoTatiana Aleksandrovna DuginaEvgeniy Aleksandrovich LikholetovAleksander Viktorovich MalofeevAleksander Aleksandrovich Likholetov In the article demonstrated the need for forming sustainable growth of agricultural industry using tools for cost optimization within the business unit. Development of effectively functioning of in-house system of cost management defines the necessity of establishing target price for agricultural products, and wherefore it was approved and suggested to use extrapolation method for the conditions of Volgograd region. Further progress of cost optimization is worthwhile investigating on the basis of classification of costs as fixed and variable costs within operating procedures, at the same time it is necessary to take into account the nominal level of profitability and environment. The proposed ways for forming the reasonable cost value would contribute to forming conditions for development of sustainable growth of agricultural industry. Keywords: economic growth; costs optimization; agricultural industry; costs of production; profitability; technical operations. JEL Classifications: Q13, R11 https://econjournals.com/index.php/ijefi/article/view/2553 |
| spellingShingle | Alexander Vladimirovich Nemchenko Tatiana Aleksandrovna Dugina Evgeniy Aleksandrovich Likholetov Aleksander Viktorovich Malofeev Aleksander Aleksandrovich Likholetov Conditions for Developing Sustainable Growth of Region's Agricultural Industry International Journal of Economics and Financial Issues |
| title | Conditions for Developing Sustainable Growth of Region's Agricultural Industry |
| title_full | Conditions for Developing Sustainable Growth of Region's Agricultural Industry |
| title_fullStr | Conditions for Developing Sustainable Growth of Region's Agricultural Industry |
| title_full_unstemmed | Conditions for Developing Sustainable Growth of Region's Agricultural Industry |
| title_short | Conditions for Developing Sustainable Growth of Region's Agricultural Industry |
| title_sort | conditions for developing sustainable growth of region s agricultural industry |
| url | https://econjournals.com/index.php/ijefi/article/view/2553 |
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