Original scientific paper

Multi-criteria and econometric evaluation of dairy products

Karmen Pažek orcid.org/0000-0002-7798-4330 ; Department of Agricultural Economics and Rural Development, Faculty of Agriculture and Life Sciences, Maribor, Pivola 10, 2311 Hoče, Slovenia
Jernej Turk ; Department of Agricultural Economics and Rural Development, Faculty of Agriculture and Life Sciences, Maribor, Pivola 10, 2311 Hoče, Slovenia
Sebjan Hari ; Department of Agricultural Economics and Rural Development, Faculty of Agriculture and Life Sciences, Maribor, Pivola 10, 2311 Hoče, Slovenia
Črtomir Rozman ; Department of Agricultural Economics and Rural Development, Faculty of Agriculture and Life Sciences, Maribor, Pivola 10, 2311 Hoče, Slovenia
Jernej Prišenk ; Department of Agricultural Economics and Rural Development, Faculty of Agriculture and Life Sciences, Maribor, Pivola 10, 2311 Hoče, Slovenia

Abstract

This study examined the multi-criteria assessment of four dairy products: “Pomursko mlejko” (Pomurje milk), “Lejko mleko” (light milk), “Fyto mleko” (Fyto milk) and “Posneto mleko v prahu” (dried milk). The research was executed by using a multi-criteria methodology, DEX, which was complemented by an econometric analysis for light milk to estimate the trends in production and consumption before analyzed dairy products were implemented on the market. DEXi computer program results indicated that all analyzed milk products were ‘above average’. The econometric model was applied to examine changes in the demand for low-fat milk (light milk). Empirical results showed significant consumer response to the increase in the prices of low-fat milk demonstrating income elasticity (1,15 unit).

Keywords

multi-attribute decision theory; DEXi; econometric analysis; milk products

Hrčak ID:

121607

URI

https://hrcak.srce.hr/121607

Publication date:

21.5.2014.

Article data in other languages: croatian

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