Determining corn production efficiency in the Republic of Srpska
2015
Figurek, Aleksandra (Faculty of Agriculture, Banja Luka (Bosnia and Herzegovina)) | Vukoje, Veljko (Faculty of Agriculture, Novi Sad (Serbia)) | Polymeros, Apostolos (Ministry of Rural Development and Food, Athena (Greece). Department of Statistics)
Agriculture is one of the most important economic activities in the Republic of Srpska, comprised of a big number of production lines. Agricultural production is characterized by a number of specific features which, among other things, cause significant methodological characteristics in the calculation of the production results. Determining the relationship between inputs and outputs is essential for business analysis of agricultural holdings. The paper presents a model of DEA - Data envelopment analysis, in order to determine farmers’ efficiency in the corn production in the Republic of Srpska. In order to display certain methodological advantages concerning proper DEA model in the agricultural sector of Republic of Srpska, they were put to practical use and the model was tested in actual conditions and on real data gained from practice.
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