Agricultural Economics, 2008 (vol. 54), issue 5
Corporate inventory management with value maximization in view
G. Michalski
Agric. Econ. - Czech, 2008, 54(5):187-192 | DOI: 10.17221/251-AGRICECON 
The basic financial purpose of the firm is maximization of its value. An inventory management should also contribute to the realization of this basic aim. Many current assets management models which we can find in the literature relating to financial management were constructed with the assumption of book profit maximization as the basic aim. These models could be lacking what relates to another aim, i.e., maximization of the enterprise value. This article presents the value based inventory management model modification.
User-oriented methodology of communication with expert systems
M. Beránková, L. Dömeová, M. Houška
Agric. Econ. - Czech, 2008, 54(5):193-201 | DOI: 10.17221/248-AGRICECON
The article deals with communication between a user and an expert system, especially from the viewpoint of psychology aspects of the communication process. Psychological factor of the communication between the user and the expert system seems to be marginal, although it is a necessary part of a final methodology of the expert system development. Domain expert, knowledge engineer as well as IT expert, who takes part in the expert system creation, usually sets up a unified and static communication interface that is identical for all users. The communication process form highly influences user's satisfaction of working with the expert system and his willingness...
Conditions for the transformation of the MFIs from informal to formal types
K. Srnec
Agric. Econ. - Czech, 2008, 54(5):202-208 | DOI: 10.17221/249-AGRICECON
The article supplies the information concerning the transformation of informal MFIs to formal ones (Srnec, Havrland 2006). It underlines some risks of finance investors to the microfinancial segment of money market. Financial investors influence the possible development of MFIs and reverse. In contrary, MFIs can farcify or weaken the economic development in local areas and thus to decrease the financial effect and farm sustainable development.
Income disparity of Czech agriculture - selected aspects
I. Boháčková, M. Hrabánková
Agric. Econ. - Czech, 2008, 54(5):209-216 | DOI: 10.17221/250-AGRICECON
The paper is focused on the problems of income disparity in agriculture. This economic as well as social phenomenon is often discussed, especially at the administrative level, nevertheless, it has not been exactly defined and methodically delimited yet. The comparison of average wages of farmers with average wages in inhomogeneous industry and with average wages in the very sector-differentiated national economy used today can be considered as problematic. In the paper, the possible system of income disparity monitoring is suggested which would remove the current deficiencies. In its frame, a special attention is paid to regional aspects of income...
Knowledge and information systems
E. Šilerová, L. Kučírková
Agric. Econ. - Czech, 2008, 54(5):217-223 | DOI: 10.17221/245-AGRICECON
We can see that the today's management level of informations is not quite fully controlled in most businesses. Nowadays generation of information systems creates support for business processes with the aim of optimalization of these processes on the bases of experiences with similar business processes. Today's information systems are at the level of data management or information management. Quite a few manage information processes in the area of tactical and strategic planning and almost no one manages processes in the areas of gathering, distribution and sharing of knowledge in business. We can say, that investments to the information technologies...
Resource-productivity, allocative efficiency and determinants of technical efficiency of rainfed rice farmers: A guide for food security policy in Nigeria
K. Ogundari
Agric. Econ. - Czech, 2008, 54(5):224-233 | DOI: 10.17221/246-AGRICECON
This paper analyses the resource-productivity, technical efficiency (TE) and allocative efficiency of rain fed farmers in Nigeria. The results of the parameters that enter the production function shows that herbicide has the highest elasticities, then seeds, followed by fertilizer and land while labour has the least contribution to output. Also, the result for the allocative efficiency based on the computed MVPx = Px show that none of the respondents optimally allocated the inputs. However, a greater number of the respondents were found to underutilized variables like land, seeds, fertilizer and herbicide (MVPx...
Utility function applied to interregional cooperation: case of the ASEM
M. Fejfarová
Agric. Econ. - Czech, 2008, 54(5):234-244 | DOI: 10.17221/247-AGRICECON
This article presents one possible point of view on the interregional cooperation through the optic of neorealist and neoliberal international relation theories. Applying the constructivist approach to utility function and creating utility function of regions, the author aims to explain the reasons of difficulties of interregional cooperation from the two above mentioned rational points of view. The conclusions are drawn on the case of the Asia Europe Meeting cooperation showing that a low integration of a participating region may hamper an interregional cooperation, and that the current economic policy of the EU towards the Asian region is on the...