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© Kamla-Raj 2005 J. Soc. Sci., 10(3): 207-214 (2005)
Optimal Decision in Turkey Marketing: A Bayesian Approach
A. A. Tijani and O. Ajobo
Department of Agricultural Economics, Obafemi
Awolowo University,
Ile-Ife, Nigeria
KEYWORDS Production; marketing, turkey enterprises; Bayesian model
Abstract This
paper analyses production marketing decision in turkey enterprise in South-
western Nigeria in the context of Bayesian decision model so that economically
rational decisions can be adopted by the entrepreneurs in live turkey
business. The data used to achieve the objective of the study were obtained
from a cross- sectional survey of forty turkey producers in eight local
government areas of south-western Nigeria. The study revealed that turkey
enterprise in the study area was a profitable venture. However, to guarantee
this profitability, decision makers must take into account (i) the ruling
price at the time of making such decision, (ii) extra cost of keeping their
birds, (iii) price movements and (iv) likely losses that might result from
theft, death, disease outbreak etc when deciding to delay sales to a future
date.
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