Risk consideration in the household production planning
2005
Kicka, E. (Akademia Rolnicza, Szczecin (Poland). Zaklad Analizy Systemowej)
In this article, issues concerned uncertainty and risk of one- year production plans of farms are discussed. Except international trade, agriculture is one of the most risky national economy departments. It is due to his biological character and climatic conditions impact. In connection with common market integration, subjects of Polish cereal market are in the face of necessity of risk management. The ability of risk evaluation with help of rates occurred in previous years of given activities allows to elaborate such plans for the next years, which will minimize the risk as well as elevate economic efficiency. Such operational scheme allows to build presented MOTAD model
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