2010
DOI: 10.1002/9780813814346
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Aquaculture Economics and Financing

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Cited by 110 publications
(108 citation statements)
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“…In other words, improvement of semi-intensive systems is achieved through better quality of supplementary feed and improved feeding practices (Abdelghany & Ahmad 2002). The sensitivity of fish production costs regarding yield has been well documented (Engle 2010) and, while changes in pond management practices can improve fish yield, this does not automatically mean that these practices are economically rentable (Omondi et al 2001). In our study, we showed that supplementary feeding with an inappropriate type of feed could reduce farm profitability more than not using supplementary feeds at all.…”
Section: Discussionmentioning
confidence: 99%
“…In other words, improvement of semi-intensive systems is achieved through better quality of supplementary feed and improved feeding practices (Abdelghany & Ahmad 2002). The sensitivity of fish production costs regarding yield has been well documented (Engle 2010) and, while changes in pond management practices can improve fish yield, this does not automatically mean that these practices are economically rentable (Omondi et al 2001). In our study, we showed that supplementary feeding with an inappropriate type of feed could reduce farm profitability more than not using supplementary feeds at all.…”
Section: Discussionmentioning
confidence: 99%
“…For instance, Iliyasu et al (2015) concluded, in an extensive review of technical inefficiency studies in aquaculture, that younger farmers may be less technically inefficient than their counterparts, presumably because of their higher willingness to adopt technological innovations. Regarding experience, more experienced farmers may make better managerial decisions and may therefore be less inefficient (Engle, 2010;Iliyasu et al, 2015). Likewise, more educated farmers are generally less technically inefficient, possibly due to their open minds toward new technological information as well as better capability to access and process such information (Dey et al, 2005;Iliyasu et al, 2015).…”
Section: Variables For the Bootstrap Truncated Regression Modelmentioning
confidence: 99%
“…The Oracle 1 Crystal Ball software was used to simulate NPV and profit using 1,000 iterations (Engle, 2010). The stochastic input variables were initial investment cost, annual yields, annual prices, and annual expenses, i.e., costs of fingerling, feed, labor, veterinary services, land use, sludge discharge, energy, repair and maintenance, and annual interest.…”
Section: Simulation Modelmentioning
confidence: 99%