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Forecasting of Gross Agricultural Output of Agrarian Enterprises of Ukraine: Case Study with STELLA Software

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  • Ivan Balaniuk
  • Ihor Kozak
  • Diana Shelenko
  • Sergiy Balaniuk
  • Iryna Kozak-Balaniuk

Abstract

The article is devoted to the forecasting of gross agricultural output of agrarian enterprises of Ukraine with an application of STELLA program. The STELLA economic modelling program, which combines mathematical differential equations with a developed graphical interface, has been used in the article. In this program a model was created and an attempt was made to forecast the gross agricultural output of agrarian enterprises of Ukraine by 2030. It has been the possible growth up to UAH 147319 mln UA of output of agricultural enterprises (PRODUCTION) with a slight reduction and further stabilization of the agricultural land (AREA) at the level of 22600 thousand hectares, a constant increase in fertilizers to 135 kg per hectare (FERTILIZATION) and a steady growth of enterprises up to 60900 (ENTERP). The most promising possibilities for applying STELLA program in economic forecasting have been outlined in the article.

Suggested Citation

  • Ivan Balaniuk & Ihor Kozak & Diana Shelenko & Sergiy Balaniuk & Iryna Kozak-Balaniuk, 2019. "Forecasting of Gross Agricultural Output of Agrarian Enterprises of Ukraine: Case Study with STELLA Software," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 148-163.
    • Handle: RePEc:bas:econst:y:2019:i:5:p:148-163
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    References listed on IDEAS

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    1. Walters, Jeffrey P. & Archer, David W. & Sassenrath, Gretchen F. & Hendrickson, John R. & Hanson, Jon D. & Halloran, John M. & Vadas, Peter & Alarcon, Vladimir J., 2016. "Exploring agricultural production systems and their fundamental components with system dynamics modelling," Ecological Modelling, Elsevier, vol. 333(C), pages 51-65.
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    Cited by:

    1. Mariana Humeniuk & D³àna Shelenko & Natalia Kovalchuk & Ivan Balaniuk & Iryna Kozak-Balaniuk, 2022. "The Impact of Innovation on The Structure of the Assets of the Enterprises," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 93-112.
    2. Levandivskyi Omelian & Shpykuliak Oleksandr & Balaniuk Ivan & Svynous Ivan & Shelenko Diana, 2022. "Modeling of Added Value as a Financial Indicator of Activity of Agricultural Enterprises in the Regions of Ukraine," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 44(3), pages 288-301, September.

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