Evaluation of Economic Risks in Producing Winter Oilseed Rape

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41310%2F19%3A81903" target="_blank" >RIV/60460709:41310/19:81903 - isvavai.cz</a>
Result on the web
<a href="https://2019.tae-conference.cz/proceeding/TAE2019-066-Miroslav-Mimra.pdf" target="_blank" >https://2019.tae-conference.cz/proceeding/TAE2019-066-Miroslav-Mimra.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Evaluation of Economic Risks in Producing Winter Oilseed Rape
Original language description
This paper analyses two data series covering the period of 5 to 10 years regarding specific selected key parameters for companies using the counselling services of the Union of Oilseeds Growers and Processors in Prague (UOGP) and some other companies that make no use of these services (OTHERS). For the selected key parameters, the risk analysis of reaching the gross profit, the gross margin and the break-even point was conducted with the aid of the Monte Carlo stochastic simulation method. The results of the calculations show that the companies using UOGP consulting achieve on average, at the same level of risk, a gross profit higher by 53%, a gross margin higher by 30% and their break-even point is lower by 11%. Taking ad-vantage of the knowledge and services provided by a consulting company has positive economic benefits, and it increases the competitiveness of companies.
Czech name
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Czech description
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Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
7th International Conference on Trends in Agricultural Engineering (TAE)
ISBN
978-80-213-2953-9
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
385-390
Publisher name
Czech University of Life Sciences Prague Kamýcká 129, Prague, Czech Republic
Place of publication
Prague
Event location
Prague
Event date
Sep 17, 2019
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000521578500066

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