| economicEfficiency {EconAndProdEfficiency} | R Documentation |
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)