Evaluation of break-even point and gross margin economic risks in producing winter oilseed rape
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Kuupäev
2018
Kättesaadav alates
Autorid
Mimra, M.
Kavka, M.
Markytán, P.
Ajakirja pealkiri
Ajakirja ISSN
Köite pealkiri
Kirjastaja
Abstrakt
The economic result of growing winter oilseed rape is influenced by a number of
variables, such as natural influences, input prices and the used technology. One of the ways to
improve the business’s prof
itability is to use the experience and knowledge provided by
consulting companies. 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 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 margin higher by 30% and their break
-
even point is lower by 11%.
Taking adv
antage of the knowledge and services provided by a consulting company has positive
economic benefits, and it increases the competitiveness of companies.
Kirjeldus
Article
Märksõnad
risk analysis, Monte Carlo method, coun selling and consulting services, articles