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- Title
Advantages of using economic weights in animal production.
- Authors
Julio Cruz, Danny; Ticona Huaroco, Chessyra Ninoska; Pascual Amoros, Mariam
- Abstract
Introduction: The economic evaluation of the production systems can be performed using the gain function technique. Objective:To carry out a review of the literature on the use of the profit function technique in production systems. Methods: A literature review on the profit function technique and its usefulness in the economic analysis of production systems was performed. Results and conclusion: The profit function allows to calculate the cost of production with greater precision, but at the same time it can facilitate the calculation of the economic weights of the features. These economic weights represent the economic value of each trait, which is used in the selection indices. This function allows to calculate the sensitivity analysis, which is intended to make economic balances against possible changes in the market.
- Subjects
COMPARATIVE economics; INDUSTRIAL costs; LITERATURE reviews; SENSITIVITY analysis
- Publication
Veterinary & Animal Science / Veterinaria y Zootecnia, 2019, Vol 13, Issue 1, p93
- ISSN
2011-5415
- Publication type
Article
- DOI
10.17151/vetzo.2019.13.1.7