Environmental Management
T. Kalashnikova; І. Кoshkalda; O. Тrehub
Abstract
The sectoral structure of most agricultural enterprises is unbalanced and uncoordinated, which underlies the need in deepened research of its improvement. This paper is dedicated to the formation and evaluation of the sectoral structure with the use of mathematical methods of data processing. Mathematical ...
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The sectoral structure of most agricultural enterprises is unbalanced and uncoordinated, which underlies the need in deepened research of its improvement. This paper is dedicated to the formation and evaluation of the sectoral structure with the use of mathematical methods of data processing. Mathematical economic modeling based on optimization and simulation models has been applied for the formation and evaluation of sectoral structure in agricultural enterprises. The approbation of the aforementioned models has been carried out in a certain agricultural enterprise. The simulation modeling has been used to develop a production model by the types of products that enterprise does not produce (milk, fish products and honey). The optimization model has been developed taking into account the rational use of the enterprise’s land with the prospect of livestock sector development. Obtaining the maximum net income (proceeds) from products sales has been chosen as the optimality criterion. According to calculations, the maintenance of cows is unprofitable; the production of fish and honey is profitable. Due to the diversification of the sectoral structure, the enterprise’s profitability level will increase from 16.6 to 45.8 percent. The implementation of optimization and simulation models allows to assess the existing level of sectoral structure in agricultural enterprise and to form its optimal sectoral structure with ensuring the rational use of resources and obtaining profit.
Environmental Management
P. Hrytsiuk; T. Babych; O. Mandziuk
Abstract
Grain production is one of the Ukrainian agro-industrial complex main branches. An indicator of the grain production efficiency is its profitability. It is characterized by significant annual fluctuations that induce risk. Redistribution of existing grain crops areas taking into consideration their profitability ...
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Grain production is one of the Ukrainian agro-industrial complex main branches. An indicator of the grain production efficiency is its profitability. It is characterized by significant annual fluctuations that induce risk. Redistribution of existing grain crops areas taking into consideration their profitability can bring to increase of production efficiency. The paper observes Markowitz’s optimal portfolio theory appliance to grain branch. The central aim of this work is the development and justification of a new technique of sown areas portfolio risk evaluating. In this study, the annual profitability of four cereal crops cultivated in the Rivne region: wheat, barley, corn, and oats, have been analyzed. It is shown that the profitability of the cereals is not normally distributed. Under these conditions, the portfolio variance loses part of its informativity and can not serve as a good risk measure. It has been determined that the profitability of crops with good precision follows Laplace distribution (double exponential distribution). The analytical expression for Value-at-Risk measures has been obtained using the Laplace distribution function. Numerical risk assessments performed. Using a modified Markowitz model and obtained risk estimates the efficient frontiers of cereal sown areas portfolios in the Rivne region were constructed. Obtained results allow indicating ways for optimization the region grain industry structure.
