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Analytical Review of Tools Used in Investment Decision in Agriculture

Author

Listed:
  • Maria Girip

    (The Bucharest University of Economic Studies)

  • Dorin Martin

    (The Bucharest University of Economic Studies)

  • Denisa Radulescu

    (The Bucharest University of Economic Studies)

Abstract

In the last decades the analytical review of the decision-making process became a mixture of risk management and human behavior understanding. Mental capabilities, factor complexity and time constraints have created a state of “bounded rationality†, turning ideas into opportunities, which are described here as the sum of favorable circumstances that come before an investment decision. Risk research springs from the desire to achieve a better outcome. The main goal of this is to run a detailed analysis on the path and process of decision making in the agricultural field. Knowing what tool to use and their applicability can change a failure to a success. Taking into account the market conditions in Romania, as well as the social and demographic changes, the present paper analyzes 3 main tools that ensure the smooth operation of the process - from idea to profit.

Suggested Citation

  • Maria Girip & Dorin Martin & Denisa Radulescu, 2020. "Analytical Review of Tools Used in Investment Decision in Agriculture," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 382-389, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:382-389
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    JEL classification:

    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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