IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxixy2016i2p113-124.html
   My bibliography  Save this article

Methodological Provision of Active Management of Economic Risk in Agrarian Business

Author

Listed:
  • Marina V. Korshikova
  • Irina P. Belikova
  • Tatyana I. Sakhnyuk
  • Pavel A. Sakhnyuk
  • Inna G. Svistunova

Abstract

The article views main approaches to economic risks management. The article offers the algorithm of active management of aggregate economic risk, based on the use of complex of formalized and non-formalized calculation and analytical methods of reduction of uncertainty during decision making and aimed at reduction of probability of negative result of business risk situations by means of reasoned actions for timely adaptation to changing economic conditions. In the conducted research, the authors analyzed positive aspects and difficulties of practical use of the above methods under the conditions of modern stage of development of Russian agrarian business. The results of this analysis were the basis for formation and development of methodological provision of calculation and analytical components of active management of economic risks.

Suggested Citation

  • Marina V. Korshikova & Irina P. Belikova & Tatyana I. Sakhnyuk & Pavel A. Sakhnyuk & Inna G. Svistunova, 2016. "Methodological Provision of Active Management of Economic Risk in Agrarian Business," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 113-124.
    • Handle: RePEc:ers:journl:v:xix:y:2016:i:2:p:113-124
    as

    Download full text from publisher

    File URL: http://www.ersj.eu/repec/ers/papers/16_2_p12.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mapp, Harry P. & Hardin, Michael L. & Walker, Odell L. & Persaud, Tillak, 1979. "Analysis Of Risk Management Strategies For Agricultural Producers," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278205, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Harry P. Mapp & Michael L. Hardin & Odell L. Walker & Tillak Persaud, 1979. "Analysis of Risk Management Strategies for Agricultural Producers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 1071-1077.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hammida, Mustapha & Eidman, Vernon R., 1991. "Livestock And Poultry Production Risk In The United States," Staff Papers 14016, University of Minnesota, Department of Applied Economics.
    2. Bechtel, Amos I. & Young, Douglas L., 1999. "The Importance Of Using Farm Level Risk Estimates In Crp Enrollment Decisions," 1999 Annual Meeting, July 11-14, 1999, Fargo, ND 35717, Western Agricultural Economics Association.
    3. Groover, Gordon E., 1989. "An Evaluation Of Production And Marketing Strategies: A Portfolio Approach," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270694, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. van Zyl, J. & Groenewald, J. A., 1986. "A Comparison Of Certain Decision-Making Techniques Under Risk - An Empirical Investigation Of Maize Cultivar Selection," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 25(1), February.
    5. Cheng, Mei-luan & Gloy, Brent A., 2008. "The Paradox of Risk Balancing: Do Risk-reducing Policies Lead to More Risk for Farmers?," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6546, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Osaki, Mauro & Batalha, Mário Otavio, 2014. "Optimization model of agricultural production system in grain farms under risk, in Sorriso, Brazil," Agricultural Systems, Elsevier, vol. 127(C), pages 178-188.
    7. Vieth, Gary R. & Suppapanya, Pramote, 1996. "An Evaluation Of Selected Decision Models: A Case Of Crop Choice In Northern Thailand," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 28(2), pages 1-11, December.
    8. Hisham S. El-Osta, 2018. "Strategies to Manage Risk and their Role in Impacting Economic Performance among Farm Households," Applied Economics and Finance, Redfame publishing, vol. 5(2), pages 49-64, March.
    9. Yanyuan Zhang & Xintong Wu, 2023. "Risk Management Effects of Insurance Purchase and Organization Participation: Which Is More Effective?," Agriculture, MDPI, vol. 13(10), pages 1-16, September.
    10. Teague, Paul W. & Lee, John G., 1988. "Risk Efficient Perennial Crop Selection: A Motad Approach To Citrus Production," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(2), pages 1-8, December.
    11. Adesina, A. A. & Ouattara, A. D., 2000. "Risk and agricultural systems in northern Cote d'Ivoire," Agricultural Systems, Elsevier, vol. 66(1), pages 17-32, October.
    12. Gouzaye, Amadou & Vitale, Jeffrey D. & Epplin, Francis M. & Adam, Brian D. & Stoecker, Arthur L., 2013. "The Value of Price Stabilization Policy for Cotton Producers in Burkina Faso," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 142882, Southern Agricultural Economics Association.
    13. Boisvert, Richard N., 1985. "The Role Of Alternative Risk Programming Models In Empirical Research," Regional Research Projects > 1985: S-180 Annual Meeting, March 24-27, 1985, Charleston, South Carolina 271793, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    14. Hatch, L. Upton & Atwood, Joseph A. & Segar, James, 1989. "An Application Of Safety-First Probability Limits In A Discrete Stochastic Farm Management Programming Model," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(1), pages 1-8, July.
    15. Mumey, G.A. & Bauer, L. & Boyda, A., 1988. "An Estimate of Risk and Returns From Cropping Alternatives," Project Report Series 232065, University of Alberta, Department of Resource Economics and Environmental Sociology.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xix:y:2016:i:2:p:113-124. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.