Izvorni znanstveni članak
Break-even model application for business decision--making in olive production
Josip Gugić
; Veleučilište „Marko Marulić“, Knin, Hrvatska
Vjekoslav Par
; Agronomski fakultet Sveučilišta u Zagrebu, Zagreb, Hrvatska
Mario Njavro
; Agronomski fakultet Sveučilišta u Zagrebu, Zagreb, Hrvatska
Jelena Dvornik-Gosaić
; Split, Hrvatska
Sažetak
The break-even model is an useful analytical instrument for determination of economic effects, which facilitates planning and business decision-making in the process of olive production management. This model is used as an analytical instrument
that provides specific guidance for short-term business decision-making. The paper aim was to apply the whole break-even analysis, show the relations between costs, revenues, and financial result at various olive production levels, and determine the production
level where total costs are covered with the determined selling price. Gross margin calculation model of olive production has been created on the basis of technological and economic starting points. Costs and revenues determined by model calculation were the basis for the break-even analysis and the calculation of relevant economic values and indicators. At the production of 386 kg of olive oil, the total
revenue of 17,391.59 HRK covers the total cost, which means that 28.9% total production should be realised so as to come out of loss. The positive financial result and the values of economic indicators of labour productivity, cost-effectiveness and profitability of production in the analytical model show that the conventional production
of olives in full fertility is effective under the assumption of realisation of the expected yield, the average yield of olive oil and the successful sales.
Ključne riječi
costs; revenues; profit; break-even point; olive production
Hrčak ID:
50865
URI
Datum izdavanja:
30.3.2010.
Posjeta: 10.240 *