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Author(s): Martina Šoporová, Jozef Repiský

Title: Identification of Optimal Production Structures in Maize Production Areas of the Slovak Republic and the Czech Republic under Conditions of Uncertainty

Source: International Scientific Days 2018 :: Towards Productive, Sustainable and Resilient Global Agriculture and Food Systems :: Proceedings

ISBN: 978-80-7598-180-6


Publisher: Wolters Kluwer ČR, Prague

PY, pages: 2018, 2478-2491

Published on-line: 2018-11-09

Language: eng

Abstract: In this document issues of decision-making process are solved, demonstrated in the case of difficult problems solutions and the most suitable alternatives for personal benefits are determined. This document is focused on conflicting situations with several participants. These situations are called in the game theory games with nature. In general, several models exist, but our intention was to use a model which is typical for games in conditions of uncertainty, where the only opponent of every single subject is the nature with its random effects. The objective is to achieve the highest level of profit with combination of growing types of plants and independent of natures behavior. Slovak territory is diversified and therefore splited into several agricultural subcategories. To assure that results of the analysis are as reliable as possible, we choose one area with more narrow characteristics. We paid attention to corn area of Slovak Republic and Czech Republic. The aim is to compare this production area in two countries based on making optimal seeding structure of plants and maximization of the benefits by using game theories approaches. It means Wald model, Savage model and Agrawal - Heady principle, which are based especially dedicated for linear programming. Using these models, we can interpret also the impact of a possible deviation from the recommended strategy through shadow price and reduced cost. The research used four databases of economic indicators per hectare. The above-mentioned criteria are not only applied for input data of the Slovak Republic and the Czech Republic, but also for data cleaned from subsidies. The main goal is the comparison between effectiveness of cultivation in the Slovak Republic and the Czech Republic, as well as assesing the impact of subsidies to determine the optimal plan of plant production and obtained benefits.

Keywords: decision-making, seeding plan, subvention, profit

JEL Classification: C61, C72, Q15

Rights:Open Access :: Creative Commons BY-NC-SA 4.0 International Licence
Creative Commons License
Toto dielo je publikované pod/This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International Licence.