economicEfficiency: Economic efficiency

In EconAndProdEfficiency: Economic and Production Efficiency

Economic efficiency

Description

Economic efficiency refers to the optimal production and allocation of resources to maximize the wealth or welfare. It considers both production and consumption, ensuring that goods and services are produced at the lowest possible cost and distributed to those who value them the most.

Usage

eco_eff(Net_return , Total_duration_of_the_crop)

Arguments

Net_return	Net return ($/ha)
Total_duration_of_the_crop	Total duration of the crop (in days)

Value

Economic efficiency ($/ha/day)

References

Kumar, M., Rajkhowa, D.J., Meena, K.L., Rakesh, K., Zeliang, P.K., Kikon, E.L., Rangnamei, K.L., Namei, A., 2017. Effect of nutrient management in lowland rice for improving productivity, profitability and energetics under the mid hill of Nagaland. J. AgriSearch 4, 247–250.\ Dutta, S. K., Layek, J., Yadav, A., Das, S. K., Rymbai, H., Mandal, S. & Mishra, V. K. (2023). Improvement of rooting and growth in kiwifruit (Actinidia deliciosa) cuttings with organic biostimulants. Heliyon, 9(7).

Examples

Net_return <- 7.2
Total_duration_of_the_crop <- 270
eco_eff(Net_return, Total_duration_of_the_crop)

EconAndProdEfficiency documentation built on June 22, 2024, 9:28 a.m.