Functional-cost analysis as a method to determine the economic efficiency of grapevine cultivars
The functional-cost analysis method (FCA) is suggested to determine the economic efficiency of grapevine cultivation. Industrial viticulture is a complex system based on the integrated use of natural, material, human and financial resources aimed at achieving high economic efficiency of production. The paper discusses FCA methodology that allows singling out the priority actions in the technological process and calculates the economic indicators, such as reduced cost, given net profit and internal rate of return. These characteristics allow building a comprehensive, integrated model in the context of the existing economic crisis to direct financial resources on development of grapevine cultivars with high yielding potential.