| Type: | Package |
| Title: | Economic and Production Efficiency |
| Version: | 0.1.0 |
| Maintainer: | Tanuj Misra <tanujmisra102@gmail.com> |
| Description: | Production efficiency and economic efficiency are crucial concepts in agriculture/horticulture for sustainable and profitable practices. It helps to determine the optimal use of resources to maximize outputs and profitability. Production efficiency focuses on the optimal use of resources to produce goods, while economic efficiency ensures these goods are produced and allocated in a way that maximizes economic welfare. Production efficiency and economic efficiency are calculated with the help of the formula given by (Kumar et al., 2017) <doi:10.21921/jas.v4i04.10202>. |
| License: | GPL-3 |
| Encoding: | UTF-8 |
| NeedsCompilation: | no |
| Packaged: | 2024-05-29 05:00:03 UTC; LENOVO |
| Author: | Sudip Kumar Dutta [aut, cph], Tanuj Misra [aut, cre, cph] |
| Repository: | CRAN |
| Date/Publication: | 2024-05-30 08:10:08 UTC |
Economic efficiency
Description
Economic efficiency refers to the optimal production and allocation of resources to maximize the wealth or welfare. It considers both production and consumption, ensuring that goods and services are produced at the lowest possible cost and distributed to those who value them the most.
Usage
eco_eff(Net_return , Total_duration_of_the_crop)
Arguments
Net_return |
Net return ($/ha) |
Total_duration_of_the_crop |
Total duration of the crop (in days) |
Value
Economic efficiency ($/ha/day)
References
Kumar, M., Rajkhowa, D.J., Meena, K.L., Rakesh, K., Zeliang, P.K., Kikon, E.L., Rangnamei, K.L., Namei, A., 2017. Effect of nutrient management in lowland rice for improving productivity, profitability and energetics under the mid hill of Nagaland. J. AgriSearch 4, 247–250.\ Dutta, S. K., Layek, J., Yadav, A., Das, S. K., Rymbai, H., Mandal, S. & Mishra, V. K. (2023). Improvement of rooting and growth in kiwifruit (Actinidia deliciosa) cuttings with organic biostimulants. Heliyon, 9(7).
Examples
Net_return <- 7.2
Total_duration_of_the_crop <- 270
eco_eff(Net_return, Total_duration_of_the_crop)
Production efficiency
Description
Production efficiency refers to the ability of a production system to convert inputs (such as labor, materials, and capital) into outputs (goods or services) in the most efficient manner without wasting resources.
Usage
prod_eff(Grain_yield, Total_duration_of_the_crop)
Arguments
Grain_yield |
Grain yield (kg/ha) |
Total_duration_of_the_crop |
Total duration of the crop (in days) |
Value
Production efficiency (kg/ha/day)
References
Kumar, M., Rajkhowa, D.J., Meena, K.L., Rakesh, K., Zeliang, P.K., Kikon, E.L., Rangnamei, K.L., Namei, A., 2017. Effect of nutrient management in lowland rice for improving productivity, profitability and energetics under the mid hill of Nagaland. J. AgriSearch 4, 247–250.\ Dutta, S. K., Layek, J., Yadav, A., Das, S. K., Rymbai, H., Mandal, S. & Mishra, V. K. (2023). Improvement of rooting and growth in kiwifruit (Actinidia deliciosa) cuttings with organic biostimulants. Heliyon, 9(7).
Examples
Grain_yield <- 8.67
Total_duration_of_the_crop <- 270
prod_eff(Grain_yield, Total_duration_of_the_crop)