An econometric approach to prediction of optimal broiler production cycle using the coefficient of economic efficiency

The present paper uses mathematical methods and presently available statistical techniques to economically characterize broiler meat production under the economic conditions of Turkey. State-of-the-art econometric modelling and classic methods used currently for regulatory decision-making in the world are described. Based on this evaluation, needs for future research are defined. It is concluded from our work that mathematical modelling of the economically optimal production time using the coefficient of economic efficiency would improve economic profitability. The classical method of economic optimization in animal production is not suitable for all kinds of economic assessments. A range of different approaches is necessary so that the method used is the most appropriate for the data available and for the economic risk characterization issue. In the present study, the basic data used for evaluation were: total marginal income, total marginal food plus cumulative chicken cost, total marginal net income, marginal food conversion ratio cost plus marginal chicken cost, and the coefficient of economic efficiency. After the mathematical function between production period and coefficient of economic efficiency was calculated, the optimum production period was predicted. Then, the total coefficient of economic efficiency was estimated by integration of the calculated mathematical function.