Organizations routinely use reported product costs to select their product portfolio. However, these data contain errors because observed cost systems are based on limited information and rely on ad hoc design rules. We employ a numerical experiment to examine the effect of these errors on the quality of the product mix decision and the resulting profit. As decisions change total costs, we cons...

The study used Cobb-Douglas stochastic profit function to estimate farm-level profit function, economic efficiency and it determinants among homestead based cassava farmers in the south-south region of Nigeria. Two-stage random sampling method was used to select 300 homestead based cassava farmers in the study area. Maximum likelihood estimates of the specified models reveal an average economic...

This study evaluated profit efficiency of soybeans production in Federal Capital Territory, Nigeria. Multi-stage sampling technique was adopted for this study. Data were collected through the use well-structured questionnaire. The questionnaire distributed to 188 sampled soybean farmers area. data analyzed using descriptive statistics, gross margin analysis, financial Cobb-Douglas functional mo...

this study analyzed the performance of cabbage marketing in abia state, nigeria. specifically the study sought to: describe socio-economic characteristics of cabbage marketers; identify marketing channels of cabbage; determine marketing cost components of cabbage marketers; determine marketing margins, market share and marketing efficiency of cabbage marketers; and determine socio-economic fact...