Type | Journal Article - Global Journal of Management And Business Research |
Title | Sensitivity and uncertainty analysis: applications to small-land scale agriculture systems in Nigeria |
Author(s) | |
Volume | 10 |
Issue | 1 |
Publication (Day/Month/Year) | 2010 |
Page numbers | 176-183 |
URL | http://journalofbusiness.org/index.php/GJMBR/article/viewFile/22/20 |
Abstract | Sensitivity and uncertainty analysis is useful in providing information about local and global change tendency of the management of enterprise mixtures to the choice of target return level. Hence, the study examines the sensitivity and uncertainty analysis in small-land scale agriculture in Nigeria. The study used both primary and secondary data (time series). A structured questionnaire was employed to obtain information from the five hundred (500) randomly selected small-land scale farmers in central part of Nigeria. Descriptive statistics and Target-MOTAD (Minimization of Total Absolute Deviation) model were used to analyze the data. The result reveals the normative plans for the small-land scale agriculture system in Nigeria. The sensitivity analysis reveals that there is a positive relationship between capital and returns and negative relationship exists between risk level and returns in small-land scale agriculture systems. Hence, policies and programmes that increase returns and reduce risk level should be put in place in order to shape the small land scale agriculture system. |
» | Nigeria - Population and Housing Census 1991 |