FACULTY SEMINAR PRESENTATION

DEPARTMENT OF BUSINESS STUDIES

COLLEGE OF BUSINESS AND SOCIAL SCIENCES

Title: Policy Iteration and Rewards to Cassava Farmers in Edo State, Nigeria

Presenter: Dr Henry Inegbedion
Date: Friday, 4th November, 2016.

Venue: Room B23, 2rd floor Wing B, New College Building

Time: 12 - 1:00 pm.

ABSTRACT

The study examined policy iteration and rewards to cassava farmers in Edo State, Nigeria. Specifically, policy iteration, a dynamic programming technique, was used to forecast expected rewards to cassava farmers in Edo State, Nigeria.  Three hundred and sixty (360) cassava farmers were surveyed in three local government areas in Edo South Senatorial District. Their responses formed the basis of the transition probabilities and rewards in the cassava production problem. The results of the study indicate that cassava farmers in Edo South Senatorial District of Edo State can maximize their earnings from cassava by retailing in the local markets in Oredo and Egor Local Government Areas and by making wholesales at IkpobaOkha Local Government Area. Using this policy, they will realize approximately N2360 per Basin and approximately N66080 per plot of 100ft  100ft. This will translate to N287, 844 per acre (4.356 plots of 100ft2). The need for policy makers to consider cassava farming as a medium for job creation and diversification of resource base was suggested among others.

About the Presenter

Henry Inegbedion is a Faculty in the Department of Business Studies, Landmark University, Omu-Aran. He obtained B.Sc. in Mathematical Statistics from University of Nigeria, Nsukka (1990), Master’s Degree in Business Administration from the University of Benin (2000), Postgraduate Diploma in Education from Benson Idahosa University, Benin (2005), Master of Science (2008.) and Ph. D. (2015) in Operations Management from University of Benin. He served as a statistics officer II and Personnel Officer at the Edo State Post Primary Education Board from 1992-1996 and later taught Mathematics and Further Mathematics in various Secondary Schools in Edo State until 2014 when he got appointment with Landmark University as a Lecturer II in the Department of Business Studies. Dr. Inegbedion has a number of publications in local and international Journals, including a recent paper that was accepted for publication in Journal of Internet commerce, a Thompson Reuters Indexed Journal, on 21st October, 2016.