Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise

Nwazuo Ngozi Ihechiluru; Keke Ibeawuchi Romanus; Egbo Ikechukwu; Egeruoh Amarachi Stella

doi:doi:10.11648/j.cbb.20160403.11

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Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise

Nwazuo Ngozi Ihechiluru, Keke Ibeawuchi Romanus, Egbo Ikechukwu, Egeruoh Amarachi Stella

Published in Computational Biology and Bioinformatics (Volume 4, Issue 3)

Received: 10 May 2016 Accepted: 25 May 2016 Published: 13 July 2016

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Abstract

Descriptive statistics, content analysis and cost, return and profit functions where used to analyze the profitability of the artisanal fish smoking enterprise using fish directly captured from Oguta lake, Nigeria. Fresh fish was purchased from both fishermen and retailers and smoking was done in a completely local way to mimic the exact experience of the fish generally sold in the market. Results revealed that the most revenue is obtained when fresh fish purchased from wholesaler/ fishermen, are smoke dried and sold at urban market as it is estimated that 46.54% profit is made from fish purchased from wholesalers, processed and sold in the rural market and 88.22% profit made from fish purchased from wholesalers, processed and sold in the urban market while 5.01% and 26.45% profit is made from the sale of fish purchased from retailers, processed and sold in the rural and urban markets respectively. In general, there is profit in the fish smoking enterprise thus, a very good business to embark upon.

Published in	Computational Biology and Bioinformatics (Volume 4, Issue 3)
DOI	10.11648/j.cbb.20160403.11
Page(s)	21-26
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Cost, Profit, Artisanal, Fish Smoking

References

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[7]	Adeyemi, O. T., Osilesi, O. O., Onajobi, F., Adebawo, O., & Afolayan, A. J. (2013). Stability study of smoked fish, horse mackerel (Trachurus trachurus) by different methods and storage at room temperature. African Journal of Biochemistry Research, 7 (6), 98-106.
[8]	George F. O. A., Ogbolu A. O., Olaoye O. J., Obasa S. O., Idowu A. A. and Odulate D. O., (2014). Fish Processing Technologies in Nigeria: A Case Study of Ibeju-Lekki Local Government Area, Lagos State. American Journal of Food Technology, 9: 302-310.
[9]	Kirema-Mukasa C. T. and Reynolds J. E. (1991), Marketing and consumption of fish in Uganda, in FAO, Fisheries and Aquaculture Department, Project Reports: Uganda. p. 82.
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[15]	Sérot, T., Baron, R., Knockaert, C. &Vallet, J. L. (2004). Effect of smoking processes on the contents of 10major phenolic compounds in smoked fillets of herring (Cuplea harengus). Food Chem., 85, 111–120.
[16]	Fábio H. V. Hazin, D. Sc. (2013). Fisheries And Their Contribution To Sustainable Development: Sustainable Development: Small-Scale And Artisanal Fisheries. The Sixth Meeting of the United Nations Open- ended Informal Consultative Process on Oceans Oceans and the Law of the Sea.
[17]	Joseph K. (2001). Nicaragua Country Profile. Fishery College, University of Tromsø.
[18]	Economic engineering applied to the fishery industr: profitability of artisanal fisheries. Fishery and Aquaculture Economics and Policy Division ISBN: 9253037385, ISSN: 0429-9345.

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Nwazuo Ngozi Ihechiluru, Keke Ibeawuchi Romanus, Egbo Ikechukwu, Egeruoh Amarachi Stella. (2016). Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise. Computational Biology and Bioinformatics, 4(3), 21-26. https://doi.org/10.11648/j.cbb.20160403.11

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ACS Style

Nwazuo Ngozi Ihechiluru; Keke Ibeawuchi Romanus; Egbo Ikechukwu; Egeruoh Amarachi Stella. Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise. Comput. Biol. Bioinform. 2016, 4(3), 21-26. doi: 10.11648/j.cbb.20160403.11

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AMA Style

Nwazuo Ngozi Ihechiluru, Keke Ibeawuchi Romanus, Egbo Ikechukwu, Egeruoh Amarachi Stella. Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise. Comput Biol Bioinform. 2016;4(3):21-26. doi: 10.11648/j.cbb.20160403.11

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@article{10.11648/j.cbb.20160403.11,
  author = {Nwazuo Ngozi Ihechiluru and Keke Ibeawuchi Romanus and Egbo Ikechukwu and Egeruoh Amarachi Stella},
  title = {Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise},
  journal = {Computational Biology and Bioinformatics},
  volume = {4},
  number = {3},
  pages = {21-26},
  doi = {10.11648/j.cbb.20160403.11},
  url = {https://doi.org/10.11648/j.cbb.20160403.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.cbb.20160403.11},
  abstract = {Descriptive statistics, content analysis and cost, return and profit functions where used to analyze the profitability of the artisanal fish smoking enterprise using fish directly captured from Oguta lake, Nigeria. Fresh fish was purchased from both fishermen and retailers and smoking was done in a completely local way to mimic the exact experience of the fish generally sold in the market. Results revealed that the most revenue is obtained when fresh fish purchased from wholesaler/ fishermen, are smoke dried and sold at urban market as it is estimated that 46.54% profit is made from fish purchased from wholesalers, processed and sold in the rural market and 88.22% profit made from fish purchased from wholesalers, processed and sold in the urban market while 5.01% and 26.45% profit is made from the sale of fish purchased from retailers, processed and sold in the rural and urban markets respectively. In general, there is profit in the fish smoking enterprise thus, a very good business to embark upon.},
 year = {2016}
}

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TY  - JOUR
T1  - Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise
AU  - Nwazuo Ngozi Ihechiluru
AU  - Keke Ibeawuchi Romanus
AU  - Egbo Ikechukwu
AU  - Egeruoh Amarachi Stella
Y1  - 2016/07/13
PY  - 2016
N1  - https://doi.org/10.11648/j.cbb.20160403.11
DO  - 10.11648/j.cbb.20160403.11
T2  - Computational Biology and Bioinformatics
JF  - Computational Biology and Bioinformatics
JO  - Computational Biology and Bioinformatics
SP  - 21
EP  - 26
PB  - Science Publishing Group
SN  - 2330-8281
UR  - https://doi.org/10.11648/j.cbb.20160403.11
AB  - Descriptive statistics, content analysis and cost, return and profit functions where used to analyze the profitability of the artisanal fish smoking enterprise using fish directly captured from Oguta lake, Nigeria. Fresh fish was purchased from both fishermen and retailers and smoking was done in a completely local way to mimic the exact experience of the fish generally sold in the market. Results revealed that the most revenue is obtained when fresh fish purchased from wholesaler/ fishermen, are smoke dried and sold at urban market as it is estimated that 46.54% profit is made from fish purchased from wholesalers, processed and sold in the rural market and 88.22% profit made from fish purchased from wholesalers, processed and sold in the urban market while 5.01% and 26.45% profit is made from the sale of fish purchased from retailers, processed and sold in the rural and urban markets respectively. In general, there is profit in the fish smoking enterprise thus, a very good business to embark upon.
VL  - 4
IS  - 3
ER  -

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Author Information

Nwazuo Ngozi Ihechiluru

Department of Biology, School of Sciences, Alvan Ikoku Federal College of Education, Owerri, Imo State, Nigeria
Keke Ibeawuchi Romanus

Department of Fisheries and Hydrobiology Research Unit, School of Biological Sciences, Imo State University, Owerri, Nigeria
Egbo Ikechukwu

Department of Mathematics, School of Sciences, Alvan Ikoku Federal College of Education, Owerri, Imo State, Nigeria
Egeruoh Amarachi Stella

Department of Biology, School of Sciences, Alvan Ikoku Federal College of Education, Owerri, Imo State, Nigeria

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APA Style

Nwazuo Ngozi Ihechiluru, Keke Ibeawuchi Romanus, Egbo Ikechukwu, Egeruoh Amarachi Stella. (2016). Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise. Computational Biology and Bioinformatics, 4(3), 21-26. https://doi.org/10.11648/j.cbb.20160403.11

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ACS Style

Nwazuo Ngozi Ihechiluru; Keke Ibeawuchi Romanus; Egbo Ikechukwu; Egeruoh Amarachi Stella. Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise. Comput. Biol. Bioinform. 2016, 4(3), 21-26. doi: 10.11648/j.cbb.20160403.11

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AMA Style

Nwazuo Ngozi Ihechiluru, Keke Ibeawuchi Romanus, Egbo Ikechukwu, Egeruoh Amarachi Stella. Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise. Comput Biol Bioinform. 2016;4(3):21-26. doi: 10.11648/j.cbb.20160403.11

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@article{10.11648/j.cbb.20160403.11,
  author = {Nwazuo Ngozi Ihechiluru and Keke Ibeawuchi Romanus and Egbo Ikechukwu and Egeruoh Amarachi Stella},
  title = {Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise},
  journal = {Computational Biology and Bioinformatics},
  volume = {4},
  number = {3},
  pages = {21-26},
  doi = {10.11648/j.cbb.20160403.11},
  url = {https://doi.org/10.11648/j.cbb.20160403.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.cbb.20160403.11},
  abstract = {Descriptive statistics, content analysis and cost, return and profit functions where used to analyze the profitability of the artisanal fish smoking enterprise using fish directly captured from Oguta lake, Nigeria. Fresh fish was purchased from both fishermen and retailers and smoking was done in a completely local way to mimic the exact experience of the fish generally sold in the market. Results revealed that the most revenue is obtained when fresh fish purchased from wholesaler/ fishermen, are smoke dried and sold at urban market as it is estimated that 46.54% profit is made from fish purchased from wholesalers, processed and sold in the rural market and 88.22% profit made from fish purchased from wholesalers, processed and sold in the urban market while 5.01% and 26.45% profit is made from the sale of fish purchased from retailers, processed and sold in the rural and urban markets respectively. In general, there is profit in the fish smoking enterprise thus, a very good business to embark upon.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise
AU  - Nwazuo Ngozi Ihechiluru
AU  - Keke Ibeawuchi Romanus
AU  - Egbo Ikechukwu
AU  - Egeruoh Amarachi Stella
Y1  - 2016/07/13
PY  - 2016
N1  - https://doi.org/10.11648/j.cbb.20160403.11
DO  - 10.11648/j.cbb.20160403.11
T2  - Computational Biology and Bioinformatics
JF  - Computational Biology and Bioinformatics
JO  - Computational Biology and Bioinformatics
SP  - 21
EP  - 26
PB  - Science Publishing Group
SN  - 2330-8281
UR  - https://doi.org/10.11648/j.cbb.20160403.11
AB  - Descriptive statistics, content analysis and cost, return and profit functions where used to analyze the profitability of the artisanal fish smoking enterprise using fish directly captured from Oguta lake, Nigeria. Fresh fish was purchased from both fishermen and retailers and smoking was done in a completely local way to mimic the exact experience of the fish generally sold in the market. Results revealed that the most revenue is obtained when fresh fish purchased from wholesaler/ fishermen, are smoke dried and sold at urban market as it is estimated that 46.54% profit is made from fish purchased from wholesalers, processed and sold in the rural market and 88.22% profit made from fish purchased from wholesalers, processed and sold in the urban market while 5.01% and 26.45% profit is made from the sale of fish purchased from retailers, processed and sold in the rural and urban markets respectively. In general, there is profit in the fish smoking enterprise thus, a very good business to embark upon.
VL  - 4
IS  - 3
ER  -

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