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Abstract

Currently, there are many different methodological approaches to the modeling of processes of selection of effective economic decisions under uncertainty. However, in relation to production planning problems at the level of individual enterprises there is still a wide scope for finding methods of solution, taking into account the specific economic conditions of activity on farms. In the
developing economies, a risk model, which uses a modification of the maximin criterion, seems to be an adequate tool for analysis and selection of the preferred farm plans, the author concludes.