Modeling of the Consumption Level of Organic Products and Strategic Directions of Increasing its Production
Hanna Kharchenko1, Volodymyr Kharchenko2, Svitlana Tereshchenko3, Eleonora Kadebska4, Hanna Doroshenko5
1Hanna Kharchenko, Department of Management, National University of Life and Environmental Science of Ukraine, Kyiv, Ukraine.
2Volodymyr Kharchenko, Department of Information Technologies, National University of Life and Environmental Science of Ukraine, Kyiv, Ukraine.
3Svitlana Tereshchenko, Department of Economics and Entrepreneurship, Sumy National Agrarian University, Sumy, Ukraine.
4Eleonora Kadebska, Volyn Institute Vyacheslav Lypynsky Interregional Academy of Personnel Management, Lutsk, Ukraine.
5Hanna Doroshenko, D.Sc. Professor Head, Department of Economics of Managament, V.N. Karazin Kharkiv National University, ORCID.
Manuscript received on 26 November 2019 | Revised Manuscript received on 06 December 2019 | Manuscript Published on 11 December 2019 | PP: 165-169 | Volume-8 Issue-3C November 2019 | Retrieval Number: C10281183C19/2019©BEIESP | DOI: 10.35940/ijrte.C1028.1183C19
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Nowadays traditional methods of agriculture often lead to reduction of production volumes, decrease of soil fertility, increase of content of residues of chemical fertilizers and other chemical elements in agricultural production. That is why organic production is becoming increasingly popular worldwide. It should be noted that nowadays the organic products market is one of the most dynamic and promising areas of agricultural production. Organic agricultural production is a prerequisite for the food security of the country, that provides healthy nutrition and is based on innovative developments of alternative land usage and conservation of natural resources. Organic production trends are significant in more than 170 countries, and this number is increasing annually due to the fact that organic production is demanded by many segments of the population for various objective reasons. That is why the study of the level of organic products consumption is quite topical in current conditions. The objective of this study is to determine the amount of organic production per capita by forecasting and developing strategic directions for increasing organic production that will contribute to sustainable economic growth.
Keywords: Organic Products, Forecasting, ARIMA Model, Agricultural Production, Modeling, Green Economy, Consumption.
Scope of the Article: Social Sciences