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Vol 14, Issue 1, 2024
Pages: 63 - 63
Original scientific paper
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Received: >> Accepted: >> Published: 09.06.2024. Original scientific paper

MEASURING THE EFFICIENCY OF CEREAL PRODUCTION OF EUROPEAN COUNTRIES THROUGH DATA DISCLOSURE ANALYSIS

By
Žarko Rosić ,
Žarko Rosić

Faculty of Economics, University PIM , Banja Luka , Bosnia and Herzegovina

Igor Šabić
Igor Šabić

Faculty of Economics, University PIM , Banja Luka , Bosnia and Herzegovina

Abstract

 In this paper, the Enveloped Data Analysis (DEA) method was used, which is used to measure the efficiency of business systems in the production of cereals in European countries. Due to the increase in population on earth, there is a need for more food and more efficient production. The DEA method enables the analysis of the efficiency of the observed units taking into account combinations of different input and output variables. It should be noted that the input and output data do not have to be the same. In this paper, an output-oriented model was used, the goal of which is to maximize output at a given level of input. In other words, we get information on how much room there is to increase the yield in order to have an efficient grain production. 

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