New Agricultural Model of Economic Sustainability for Wheat Seed Production in Romania

Romeo Victor Ionescu, Monica Laura Zlati, Valentin Marian Antohi, Silvius Stanciu, Florina Oana Virlanuta and Cristina (Băcanu) Serban
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Romeo Victor Ionescu: Department of Administrative Sciences and Regional Studies, Dunarea de Jos University, 111th Domneasca Street, 800201 Galati, Romania
Monica Laura Zlati: Department of Accounting, Audit and Finance, Stefan cel Mare University, 720229 Suceava, Romania
Valentin Marian Antohi: Department of Business Administration, Dunarea de Jos University, Nicolae Balcescu Street, no. 59–61, 800001 Galati, Romania
Silvius Stanciu: Department of Applied Sciences, ”Dunarea de Jos” University of Galați, 47 Domnească Street, 800001 Galați, Romania
Florina Oana Virlanuta: Department of Economics, Dunarea de Jos University, Nicolae Balcescu Street, no. 59–61, 800001 Galati, Romania
Cristina (Băcanu) Serban: Department of Applied Sciences, ”Dunarea de Jos” University of Galați, 47 Domnească Street, 800001 Galați, Romania

Sustainability, 2020, vol. 12, issue 10, 1-21

Abstract: In the conditions of a digitalized and sustainable economy, a smart decision is focused on all demand aspects regarding: the product demand, the quality demand, and the elements of national and international bodies able to ensure the criteria of economic integrity on the European Markets. These aspects represent a set of challenges and indicate the smart component of the management decision assisted by reliable economic models. The present work aims to develop such a model applied to the wheat seed production starting from the study of the specialized literature and using empirical methods. The analysis covers 2016–2020. The main objective of the study is the combination of the information from the observational study to obtain the smart decision model. The study results in the smart model of managerial decision, which represents a real necessity for managers, considering the challenges to which they are subjected. The proposed model in the paper can be used for all types of seeds across the EU and not only. The implementation of the present study by the authors validates the proposed model.

Keywords: sustainable agriculture; efficiency; smart decision; agricultural production; economic model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:10:p:4182-:d:360579

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