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New Agricultural Model of Economic Sustainability for Wheat Seed Production in Romania

Author

Listed:
  • Romeo Victor Ionescu

    (Department of Administrative Sciences and Regional Studies, Dunarea de Jos University, 111th Domneasca Street, 800201 Galati, Romania)

  • Monica Laura Zlati

    (Department of Accounting, Audit and Finance, Stefan cel Mare University, 720229 Suceava, Romania)

  • Valentin Marian Antohi

    (Department of Business Administration, Dunarea de Jos University, Nicolae Balcescu Street, no. 59–61, 800001 Galati, Romania)

  • Silvius Stanciu

    (Department of Applied Sciences, ”Dunarea de Jos” University of Galați, 47 Domnească Street, 800001 Galați, Romania)

  • Florina Oana Virlanuta

    (Department of Economics, Dunarea de Jos University, Nicolae Balcescu Street, no. 59–61, 800001 Galati, Romania)

  • Cristina (Băcanu) Serban

    (Department of Applied Sciences, ”Dunarea de Jos” University of Galați, 47 Domnească Street, 800001 Galați, Romania)

Abstract

In the conditions of a digitalized and sustainable economy, a smart decision is focused on all demand aspects regarding: the product demand, the quality demand, and the elements of national and international bodies able to ensure the criteria of economic integrity on the European Markets. These aspects represent a set of challenges and indicate the smart component of the management decision assisted by reliable economic models. The present work aims to develop such a model applied to the wheat seed production starting from the study of the specialized literature and using empirical methods. The analysis covers 2016–2020. The main objective of the study is the combination of the information from the observational study to obtain the smart decision model. The study results in the smart model of managerial decision, which represents a real necessity for managers, considering the challenges to which they are subjected. The proposed model in the paper can be used for all types of seeds across the EU and not only. The implementation of the present study by the authors validates the proposed model.

Suggested Citation

  • Romeo Victor Ionescu & Monica Laura Zlati & Valentin Marian Antohi & Silvius Stanciu & Florina Oana Virlanuta & Cristina (Băcanu) Serban, 2020. "New Agricultural Model of Economic Sustainability for Wheat Seed Production in Romania," Sustainability, MDPI, vol. 12(10), pages 1-21, May.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:10:p:4182-:d:360579
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    References listed on IDEAS

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    3. Olof Sivertsson & Joakim Tell, 2015. "Barriers to Business Model Innovation in Swedish Agriculture," Sustainability, MDPI, vol. 7(2), pages 1-13, February.
    4. Andrei-Mirel Florea & Florentin Bercu & Riana Iren Radu & Silvius Stanciu, 2019. "A Fuzzy Set Qualitative Comparative Analysis (fsQCA) of the Agricultural Cooperatives from South East Region of Romania," Sustainability, MDPI, vol. 11(21), pages 1-18, October.
    5. Speelman, E.N. & García-Barrios, L.E. & Groot, J.C.J. & Tittonell, P., 2014. "Gaming for smallholder participation in the design of more sustainable agricultural landscapes," Agricultural Systems, Elsevier, vol. 126(C), pages 62-75.
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