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
DOI: https://doi.org/10.15414/isd2018.s13.08
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
Toto dielo je publikované pod/This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International Licence.
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