Hostname: page-component-cb9f654ff-5jtmz Total loading time: 0 Render date: 2025-09-05T08:50:44.512Z Has data issue: false hasContentIssue false
  • English
  • Français

Multiple criteria decision making for setting priorities ofinvestments into the table egg production

Published online by Cambridge University Press:  13 December 2013

A. CRNČAN ,
J. KRISTIĆ  and
LJ. RANOGAJEC
A. CRNČAN*
Affiliation:
Department for Agroeconomics, Faculty of Agriculture, J.J. Strossmayer University of Osijek, K.P. Svačića 1d, 31000 Osijek, Croatia
J. KRISTIĆ
Affiliation:
Department for Agroeconomics, Faculty of Agriculture, J.J. Strossmayer University of Osijek, K.P. Svačića 1d, 31000 Osijek, Croatia
LJ. RANOGAJEC
Affiliation:
Department for Agroeconomics, Faculty of Agriculture, J.J. Strossmayer University of Osijek, K.P. Svačića 1d, 31000 Osijek, Croatia
*
Corresponding author: acrncan@pfos.hr
Get access

Abstract

The process of growth and development of any business entity is tightly linked toinvestments. This paper elaborates on the application of multiple criteriamethods from the Analytic Hierarchy Process (AHP) with the aim to createassumptions for the development of production, particularly focused onopportunities for investments in table egg production. There were twoalternatives analysed: investment in enriched cages and investment inalternative production systems. Each of these options had advantages anddisadvantages, that were graded by criteria. Investment in alternative systemswas assessed as a better alternative, as eggs produced in these systems wereestimated to achieve higher income. Financial investments in such systems arehigher, but eggs achieve a higher price in the market than those from enrichedcages. Sensitivity analysis presented the effects that changes in the egg priceand in costs structure have on the net present value of investment. Sensitivityanalysis showed that changes in egg price significantly affect the success ofbusiness, while input costs have less impact on the business result.

Keywords

investmentstable eggsmultiple criteria methodsensitivity analysis

Information

Type
Review Article
Information
World's Poultry Science Journal , Volume 69 , Issue 4 , December 2013 , pp. 903 - 908
Copyright
Copyright © World's Poultry Science Association 2013 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Article purchase

Temporarily unavailable

References

BEIERLEIN, J.G., SCHNEEBERGER, K.C. and OSBURN, D.D. (2008) Production and inventory management, in: Principles of agribusiness management - 4th edition, pp. 167-193 (Illinois, Waveland Press Inc.).Google Scholar
CRNČAN, A., RANOGAJEC, LJ., DEŽE, J. and KRISTIĆ, J. (2011) Importance of investments for development of table egg production competitiveness. Agriculture 17: 33-37.Google Scholar
ELSON, A. (2008) Do Extensive poultry systems really offer superior welfare? Poultry International 47 (3): 10-14.Google Scholar
FISHER, C. and BOWLES, D. (2002) Counting the cost, in: Hardboiled reality: animal welfare-friendly egg production in a global market, 2001-2012: a dozen years crucial to agriculture and trade reform, pp. 8-15 (United Kingdom, Royal Society for the Prevention of Cruelty to Animals and Eurogroup).Google Scholar
HADELAN, L., PAR, V. and NJAVRO, M. (2009) Appliance of multi-criteria analysis for business decision making in blackberry production. Proceedings of the 44th Croatian and 4th International Symposium on Agriculture, Opatija, pp. 168-172.Google Scholar
KOPAL, R. and KORKUT, D. (2011) Tehnike poslovne analize, in: Kompetitivna analiza 1 - poslovne i ekspertne kvantitativne analitičke tehnike, pp. 214-293 (Zagreb, Comminus and Visoko učilište Effectus za finacije i pravo).Google Scholar
PAŽEK, K. and ROZMAN, Č. (2005) Application of analytical hierarchy process in agriculture. Agriculture 11: 67-73.Google Scholar
VAN HORN, P. (2007) Impact of the EU national legislation on production cost for broiler meat and eggs. Proceedings of the 16th European Symposium on Poultry Nutrition, Strasbourg, pp. 423-427.Google Scholar
VAN HORN, P. and BONDT, N. (2003) Impact of EU Council Directive 99/74/EC 'welfare of laying hens' on the competitiveness of the EU egg industry. Final Report of Project No. 63742, The Hague: Agricultural Economics Research Institute (LEI).Google Scholar
REGULATIONS ON MINIMUM REQUIREMENTS FOR PROTECTION OF LAYING HENS (2010) Official Gazette of the Republic of Croatia, No. 99/2010.Google Scholar
REGULATIONS ON PROTECTION OF ANIMALS IN THE PRODUCTION PROCESS (2010) Official Gazette of the Republic of Croatia, No. 44/2010.Google Scholar
REGULATIONS ON REGISTRATION OF FARMS THAT KEEP LAYING HENS (2010) Official Gazette of the Republic of Croatia, No. 113/2010.Google Scholar
THE ANIMAL PROTECTION ACT (2006) Official Gazette of the Republic of Croatia, No. 135/2006.Google Scholar