Mineral commodity summaries 2013

Science.gov (United States)

,

2013-01-01

Each chapter of the 2013 edition of the U.S. Geological Survey (USGS) Mineral Commodity Summaries (MCS) includes information on events, trends, and issues for each mineral commodity as well as discussions and tabular presentations on domestic industry structure, Government programs, tariffs, 5-year salient statistics, and world production and resources. The MCS is the earliest comprehensive source of 2012 mineral production data for the world. More than 90 individual minerals and materials are covered by two-page synopses. For mineral commodities for which there is a Government stockpile, detailed information concerning the stockpile status is included in the two-page synopsis. Abbreviations and units of measure, and definitions of selected terms used in the report, are in Appendix A and Appendix B, respectively. “Appendix C—Reserves and Resources” includes “Part A—Resource/Reserve Classification for Minerals” and “Part B—Sources of Reserves Data.” A directory of USGS minerals information country specialists and their responsibilities is Appendix D. The USGS continually strives to improve the value of its publications to users. Constructive comments and suggestions by readers of the MCS 2013 are welcomed.

Mineral commodity summaries 2014

Science.gov (United States)

,

2014-01-01

Each chapter of the 2014 edition of the U.S. Geological Survey (USGS) Mineral Commodity Summaries (MCS) includes information on events, trends, and issues for each mineral commodity as well as discussions and tabular presentations on domestic industry structure, Government programs, tariffs, 5-year salient statistics, and world production and resources. The MCS is the earliest comprehensive source of 2013 mineral production data for the world. More than 90 individual minerals and materials are covered by two-page synopses. For mineral commodities for which there is a Government stockpile, detailed information concerning the stockpile status is included in the two-page synopsis. Abbreviations and units of measure, and definitions of selected terms used in the report, are in Appendix A and Appendix B, respectively. “Appendix C—Reserves and Resources” includes “Part A—Resource/Reserve Classification for Minerals” and “Part B—Sources of Reserves Data.” A directory of USGS minerals information country specialists and their responsibilities is Appendix D. The USGS continually strives to improve the value of its publications to users. Constructive comments and suggestions by readers of the MCS 2014 are welcomed.

Influence of rising commodity prices on energy policy

International Nuclear Information System (INIS)

Keppo, I.J.

2009-04-01

During the past few years we have first witnessed a rapid increase in the prices of commodities and then later, as a consequence of the economic downturn, an even more drastic drop. Simultaneously with the commodity price increase, an increase in the investment costs of power plants was experienced. The rise in material costs was often stated as one of the reasons for this increase. In this study the relationship between commodity costs and energy prices is studied. A bottom-up approach is used for estimating what kind of an impact increased commodity prices alone could be expected to have on the investment costs on the one hand, and how increased energy prices may affect commodity production costs on the other. The results indicate that although the commodity production costs usually have a fairly large energy component, even high increases in commodity prices, and therefore raw material costs of power plant investments, can not explain the recently experienced hikes in power plant investment costs; a doubling of the costs of the main raw material flows could explain an investment cost increase of some 5-10%, depending on the power plant type. This would seem to indicate that other contributing factors, such as bottlenecks in the production of power plant components, may play an important role in the recent investment cost increase

Crushing Candy: The Free-to-Play Game in Its Connective Commodity Form

Directory of Open Access Journals (Sweden)

David B. Nieborg

2015-12-01

Full Text Available The goal of this article is to add a complementary perspective to the study of social network sites by surveying how the political economy of social media platforms relates to the structure of free-to-play games in their commodity form. Drawing on the theory of multisided markets and critical political economy, this article surveys the political economy of game apps and investigates how it is symbiotically related to the technological and economic logic underlying connective platforms operated by Google, Apple, Facebook, and Amazon. These social media platforms operate app stores that sustain the transformation of games as fixed, physically distributed products that follow a transaction logic, into digitally distributed, freely accessible, or “free-to-play” apps. Through a case study of the popular casual game Candy Crush Saga it is contended that the connective properties of social media platforms affect the form and format of game apps as cultural commodities. Candy Crush Saga developer King Digital Entertainment has been able to attract hundreds of millions of players and build a business model that combines the commodification of virtual items, connectivity, user attention, user data, and play. It is argued that the free-to-play commodity form comprises three commodity types: the product commodity, the “prosumer commodity,” and the player commodity. Furthermore, Candy Crush Saga ’s commodity form is structured by a platformed modality of cultural production and circulation and therefore embedded in the political economy of its host platform.

Mineral Commodity Summaries 2009

Science.gov (United States)

,

2009-01-01

Each chapter of the 2009 edition of the U.S. Geological Survey (USGS) Mineral Commodity Summaries (MCS) includes information on events, trends, and issues for each mineral commodity as well as discussions and tabular presentations on domestic industry structure, Government programs, tariffs, 5-year salient statistics, and world production and resources. The MCS is the earliest comprehensive source of 2008 mineral production data for the world. More than 90 individual minerals and materials are covered by two-page synopses. For mineral commodities for which there is a Government stockpile, detailed information concerning the stockpile status is included in the two-page synopsis. Because specific information concerning committed inventory was no longer available from the Defense Logistics Agency, National Defense Stockpile Center, that information, which was included in earlier Mineral Commodity Summaries publications, has been deleted from Mineral Commodity Summaries 2009. National reserves and reserve base information for most mineral commodities found in this report, including those for the United States, are derived from a variety of sources. The ideal source of such information would be comprehensive evaluations that apply the same criteria to deposits in different geographic areas and report the results by country. In the absence of such evaluations, national reserves and reserve base estimates compiled by countries for selected mineral commodities are a primary source of national reserves and reserve base information. Lacking national assessment information by governments, sources such as academic articles, company reports, common business practice, presentations by company representatives, and trade journal articles, or a combination of these, serve as the basis for national reserves and reserve base information reported in the mineral commodity sections of this publication. A national estimate may be assembled from the following: historically reported

Survey of Alternative Feedstocks for Commodity Chemical Manufacturing

Energy Technology Data Exchange (ETDEWEB)

McFarlane, Joanna [ORNL; Robinson, Sharon M [ORNL

2008-02-01

The current high prices for petroleum and natural gas have spurred the chemical industry to examine alternative feedstocks for the production of commodity chemicals. High feedstock prices have driven methanol and ammonia production offshore. The U.S. Chemical Industry is the largest user of natural gas in the country. Over the last 30 years, alternatives to conventional petroleum and natural gas feedstocks have been developed, but have limited, if any, commercial implementation in the United States. Alternative feedstocks under consideration include coal from unconventional processing technologies, such as gasification and liquefaction, novel resources such as biomass, stranded natural gas from unconventional reserves, and heavy oil from tar sands or oil shale. These feedstock sources have been evaluated with respect to the feasibility and readiness for production of the highest volume commodity chemicals in the United States. Sources of organic compounds, such as ethanol from sugar fermentation and bitumen-derived heavy crude are now being primarily exploited for fuels, rather than for chemical feedstocks. Overall, government-sponsored research into the use of alternatives to petroleum feedstocks focuses on use for power and transportation fuels rather than for chemical feedstocks. Research is needed to reduce cost and technical risk. Use of alternative feedstocks is more common outside the United States R&D efforts are needed to make these processes more efficient and less risky before becoming more common domestically. The status of alternative feedstock technology is summarized.

Dynamics of a durable commodity market involving trade at disequilibrium

Science.gov (United States)

Panchuk, A.; Puu, T.

2018-05-01

The present work considers a simple model of a durable commodity market involving two agents who trade stocks of two different types. Stock commodities, in contrast to flow commodities, remain on the market from period to period and, consequently, there is neither unique demand function nor unique supply function exists. We also set up exact conditions for trade at disequilibrium, the issue being usually neglected, though a fact of reality. The induced iterative system has infinite number of fixed points and path dependent dynamics. We show that a typical orbit is either attracted to one of the fixed points or eventually sticks at a no-trade point. For the latter the stock distribution always remains the same while the price displays periodic or chaotic oscillations.

Commodity Alliance Model – An Option for Advancing Private and ...

African Journals Online (AJOL)

Commodity Alliance Model – An Option for Advancing Private and Commercial ... that ensure adequate value addition and ultimate remunerative price for farmers' ... and integrating them in terms of fair price determination, information flow and ...

Commodities and Stock Investment

Directory of Open Access Journals (Sweden)

Syed Jawad Hussain Shahzad

2014-09-01

Full Text Available This study is a multivariate analysis of commodities and stock investment in a newly established market scenario. Return distribution asymmetry is examined with higher order movements. Skewness in commodity future’s return is largely insignificant, whereas kurtosis is highly significant for both stock and commodity future contracts. Correlation analysis is done with Pearson’s and Kendall’s tau measures. Commodities provide significant diversification benefits when added in a portfolio of stocks. Compared with stocks, commodity future’s returns show stronger correlation with unexpected inflation. The volatility is measured through Glosten-Jagannathan-Runkle - Generalized Autoregressive Conditional Heteroskedasticity (GJR-GARCH model and reflects that commodities have inverted asymmetric behavior, that is, more impact from the upward shocks compared with downward. Stocks have asymmetric volatility, that is, more impact from negative shocks compared with positive. Gold has highest inverted asymmetric volatility. Tail dependence, measured through Student’s t copula, shows no combined downside movement. In conclusion, commodity investments provide diversification and inflation protection.

Trade tensions between EU and Russia: Possible effects on trade in agricultural commodities for Visegrad countries

NARCIS (Netherlands)

Erokhin, V.; Heijman, W.J.M.; Ivolga, A.

2014-01-01

The paper includes overview of the current state of the EU-CIS and the EU-Russia trade flows with particular attention to trade in agricultural commodities, as well as contemporary tendencies in agricultural production and foreign trade in agricultural commodities and food in Russia. The paper

Understanding international commodity price fluctuations

NARCIS (Netherlands)

Arezki, Rabah; Loungani, Prakash; van der Ploeg, Rick; Venables, Anthony J.

An overview is provided of recent work on commodity prices, focusing on three themes: (i) "financialization" of commodity markets--commodities being considered by financial investors as a distinct asset class, (ii) trends and forecasts of commodity prices, and (iii) fracking-a shorthand for the

Financialization of commodities

Directory of Open Access Journals (Sweden)

Michał Falkowski

2011-12-01

Full Text Available The basic theory of price formation tells us how the price of a particular asset will change based on the adjustment to its supply and demand. However, values of assets are also determined by other business fundamentals, company’s and world events, human psychology, and investors’ belief about the possible future profit. In recent history that lead to an increase of individual and institutional investors’ interest in allocating their resources in commodity markets. With a large inflow of capital commodities’ prices started to rise making them attractive components to effective investment portfolios. The presented paper addresses the issue of so called commodities ‘financialization’ process. It looks at the main factors standing behind commodities’ price movements and to what extent financial market participants contributed to commodities price volatility in recent years. Based on the data examined it distinguishes the involvement of both commercial and non-commercial traders in short and long term periods of time. As well as explaining the impact of growing investors’ interest in commodity markets it defines other market forces - like currency appreciations and emerging markets - as being part of increased volatility in raw and soft commodity markets. Along with market examination the paper focuses on possible future outcomes in attempts to regulate commodities derivatives markets and potential effects of those efforts.

Papaya Development Model As A Competitive Local Superior Commodity

Directory of Open Access Journals (Sweden)

Reny Sukmawani

2014-12-01

Full Text Available The aim of this research is to study the comparative advantage and papaya competitive and to design its development model by using the approach of local base agriculture development. This research uses survey method. The resulting research shows that papaya is a base commodity that has comparative advantage and competitive. The development papaya in the district of Sukabumi is quite good bases on eight superior creations. But in order to be the main sector in economic development and has a competition, the development of papaya must concern to its influence factors. In supporting papaya development as a competitive local superior commodity, it needs to be done some efforts are as follows: (1 increase a skillful worker; (2 improve business management; (3 increase papaya productivity by using technology and study papaya planted technology in specific local superior commodity; (4 develop the involvement of the business relation; (5 provide market information and information technology network; and (6 improve infrastructures.

A Crosswalk of Mineral Commodity End Uses and North American Industry Classification System (NAICS) codes

Science.gov (United States)

Barry, James J.; Matos, Grecia R.; Menzie, W. David

2015-09-14

This crosswalk is based on the premise that there is a connection between the way mineral commodities are used and how this use is reflected in the economy. Raw mineral commodities are the basic materials from which goods, finished products, or intermediate materials are manufactured or made. Mineral commodities are vital to the development of the U.S. economy and they impact nearly every industrial segment of the economy, representing 12.2 percent of the U.S. gross domestic product (GDP) in 2010 (U.S. Bureau of Economic Analysis, 2014). In an effort to better understand the distribution of mineral commodities in the economy, the U.S. Geological Survey (USGS) attempts to link the end uses of mineral commodities to the corresponding North American Industry Classification System (NAICS) codes.

COMMODITY MARKET MATH MODELS

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Boris V. Mednikov

2015-01-01

Full Text Available The article describes enterprise mathmodels, its interactions with environment in commodity market and quantitativeconditions for its success and the crisis in such kind of interaction. Showed: the number of commodity market successfulparticipants should be certain, regardless of market size; any size commodity market, including monopolistic, is assuccessful as producers’ average activity dynamics is balanced with consumers’average activity dynamics.

Commodities, energy and environmental finance

CERN Document Server

Ludkovski, Michael; Sircar, Ronnie

2015-01-01

This volume is a collection of chapters covering the latest developments in applications of financial mathematics and statistics to topics in energy, commodity financial markets and environmental economics. The research presented is based on the presentations and discussions that took place during the Fields Institute Focus Program on Commodities, Energy and Environmental Finance in August 2013. The authors include applied mathematicians, economists and industry practitioners, providing for a multi-disciplinary spectrum of perspectives on the subject. The volume consists of four sections: Electricity Markets; Real Options; Trading in Commodity Markets; and Oligopolistic Models for Energy Production. Taken together, the chapters give a comprehensive summary of the current state of the art in quantitative analysis of commodities and energy finance. The topics covered include structural models of electricity markets, financialization of commodities, valuation of commodity real options, game-theory analysis of ...

LDC commodity risk analysis and recommendations

International Nuclear Information System (INIS)

2002-01-01

Under the current operation of the new competitive electricity market in Ontario, local distribution companies (LDCs) are required to pay the monthly invoice of the Independent Market Operator (IMO) before they collect from end-users for the consumption period covered by the invoice, with no clear guarantee that the recovery will occur. This situation creates a major cash flow problem and financial risk for LDCs and threatens the integrity and stability of the electricity market. This paper described 3 features of Ontario's competitive electricity market that create financial and commodity risk. The first problem is that there is no limit on how high prices can rise. Increases in wholesale commodity prices can result in a situation where the amount of the IMO's invoice is greater than the LDC's ability to pay at the time of receipt. Secondly, the LDC bears a 100 per cent payment obligation to the IMO administrator of the wholesale market. The third problem is that LDCs bear payment default risk from all consumers in the Ontario market, including electricity retailers. This paper presents some specific policy solutions that can protect the market from this threat. It was suggested that in order to protect the integrity of Ontario's electricity market during high prices, a policy must be drafted to address the commodity price financing risk (CPFR) issue. The policy must also define what happens if prices increase past the LDCs financing obligation limit. tabs., figs

7 CFR 250.57 - Commodity schools.

Science.gov (United States)

2010-01-01

... 7 Agriculture 4 2010-01-01 2010-01-01 false Commodity schools. 250.57 Section 250.57 Agriculture... TERRITORIES AND POSSESSIONS AND AREAS UNDER ITS JURISDICTION National School Lunch Program (NSLP) and Other Child Nutrition Programs § 250.57 Commodity schools. (a) Categorization of commodity schools. Commodity...

UNCTAD commodity yearbook 1990

International Nuclear Information System (INIS)

1990-01-01

The Commodity Yearbook is intended to provide disaggregated data at the world, regional and country levels for trade and consumption in selected agricultural primary commodities and minerals, ores and metals. Production series have been included for the latter group of commodities, since comprehensive diaggregated data are unavailable elsewhere. Basic tables have been designed, from both the commodity and the country point of view, to serve as background material to international commodity discussions and negotiations in the United Nations Conference on Trade and Development. The classification of countries and territories by region has been adopted for statistical convenience only, and follows that employed by the Statistical Office of the United Nations. Four main regions are defined: Developed market economy countries, Countries of Eastern Europe, Socialist countries of Asia and Developing countries and territories. For developed and developing countries and territories, the main regions have been further subdivided (e.g., EEC, EFTA, Africa, etc.) to provide additional information. The exact composition of each region is shown in section V of the general notes

29 CFR 780.114 - Wild commodities.

Science.gov (United States)

2010-07-01

... Agricultural Or Horticultural Commodities § 780.114 Wild commodities. Employees engaged in the gathering or harvesting of wild commodities such as mosses, wild rice, burls and laurel plants, the trapping of wild... 29 Labor 3 2010-07-01 2010-07-01 false Wild commodities. 780.114 Section 780.114 Labor Regulations...

Cross-commodity hedges

International Nuclear Information System (INIS)

Simard, T.

1999-01-01

Energy risk management is the principal topic of this paper. Four major subjects are examined: cross-commodity trading objectives (reduce the risk of an underlying exposure in another commodity); portfolio risk reduction (an Alberta power distributor exposed to high pool prices could protect against high pool prices through a fixed price purchase of Alberta natural gas); tailoring pricing to customer needs (sell power to the gas producer indexed to the price of gas); and (4) reducing insurance costs (rather than purchasing downside protection (puts) individually against oil and gas prices, a producer could purchase a basket option). Since the key issue in cross-commodity transactions is the estimation of correlation, it is important to be prepared to alter correlation assumptions. 1 tab., 2 figs

International Trade Modelling Using Open Flow Networks: A Flow-Distance Based Analysis.

Science.gov (United States)

Shen, Bin; Zhang, Jiang; Li, Yixiao; Zheng, Qiuhua; Li, Xingsen

2015-01-01

This paper models and analyzes international trade flows using open flow networks (OFNs) with the approaches of flow distances, which provide a novel perspective and effective tools for the study of international trade. We discuss the establishment of OFNs of international trade from two coupled viewpoints: the viewpoint of trading commodity flow and that of money flow. Based on the novel model with flow distance approaches, meaningful insights are gained. First, by introducing the concepts of trade trophic levels and niches, countries' roles and positions in the global supply chains (or value-added chains) can be evaluated quantitatively. We find that the distributions of trading "trophic levels" have the similar clustering pattern for different types of commodities, and summarize some regularities between money flow and commodity flow viewpoints. Second, we find that active and competitive countries trade a wide spectrum of products, while inactive and underdeveloped countries trade a limited variety of products. Besides, some abnormal countries import many types of goods, which the vast majority of countries do not need to import. Third, harmonic node centrality is proposed and we find the phenomenon of centrality stratification. All the results illustrate the usefulness of the model of OFNs with its network approaches for investigating international trade flows.

Space and commodity-based society

Directory of Open Access Journals (Sweden)

Gvozden Vladimir

2015-01-01

Full Text Available The space is privileged in the commodity-based society. It is well known that the economic space in the 19th and 20th centuries rapidly managed to subordinate all other areas 'conveying and instilling in them their own meanings and goals' (G. Milatović. A new form of space that qualifies commodity society was created, marked by dualities: openness-closeness, private-public, sameness-difference. This paper is an attempt to criticize the usual analysis of the categories of commodity-space, linked to the ambivalent role of the state as a guarantor of the functioning of the commodity-based society, as well as its controlling instance. The increasing delocalisation of the political changes the nature of the space in the commodity-based society. Privileged areas are produced that create an illusion of protection of consumers (shopping malls, gated communities, theme parks, video surveillance, while at the same time social differentiation and identification are produced through the symbolic order of commodities and a sense of inclusion or exclusion from that order. At the same time, the examples of tourism and selling places demonstrate that such a commodity-space unusually easy reconciles sameness and difference. It entails uniformity to help achieve the fluctuation of goods, while insisting on the local as different, especially in terms of the role of particularity in the global trade.

[Qualitative characteristics and classification study on commodity specification and grade standard of Panax notoginseng].

Science.gov (United States)

Liu, Da-Hui; Xu, Na; Guo, Lan-Ping; Jin, Yan; Cui, Xiu-Ming; Yang, Ye; Zhu, Xin-Yan; Zhan, Zhi-Lai; Huang, Lu-Qi

2016-03-01

Through the markets investigations and literature surveying, this paper investigates and analyzes the qualitative characteristics and commodity condition of Panax notoginseng. And the samples collected from market and origin were analyzed in order to revise the commodity specification and grade standard of P. notoginseng combined with production practice. In this paper, the authors divide the P. notoginseng into 4 commodity specification which are root (including Cunqi and Dongqi ), Rhizome and rootlet according to different parts and harvest time. And the root were divided into 8 grade which are 20, 30, 40, 60, 80, 120, countless and substandard. The density and internal components between the different commodity specification and grade of P. notoginseng were also compared. As well as the effect of different producing area, cultivation years and harvesting time on the commodity specification and grade of P. notoginseng were researched. On this basis, we revise and improve the commodity specification and grade standard of P. notoginseng. Moreover, we suggest the quality control indexes of P. notoginseng should be developed according to the different medicinal part and commodity specification in CHP. In order to guide the standardized production of traditional Chinese medicine and ensure the quality of medicinal materials, the cultivation years and density of each medicinal materials should also be indicated in CHP. Copyright© by the Chinese Pharmaceutical Association.

Founding Digital Currency on Imprecise Commodity

OpenAIRE

Yuan, Zimu; Xu, Zhiwei

2015-01-01

Current digital currency schemes provide instantaneous exchange on precise commodity, in which "precise" means a buyer can possibly verify the function of the commodity without error. However, imprecise commodities, e.g. statistical data, with error existing are abundant in digital world. Existing digital currency schemes do not offer a mechanism to help the buyer for payment decision on precision of commodity, which may lead the buyer to a dilemma between having to buy and being unconfident....

Emergence of Commodity Derivatives as Defensive Instrument in Portfolio Risk Hedging: A Case of Indian Commodity Markets

Directory of Open Access Journals (Sweden)

Singhal Shelly

2017-04-01

Full Text Available This paper empirically examines whether commodity derivatives can be used as an alternative investment asset in India where commodity markets are at emerging state and provides the same diversification benefit as they provide in developed commodity markets. In India only commodity futures are prevalent so various commodity indices representing various sectors has been used in the study. Diversification aspect of commodity derivatives has been tested initially by using correlation analysis. Compounded Daily Growth rate and Relative Standard deviation has been used as a measure of calculating risk and return of daily data of SENSEX, BOND and four Commodity Indices (MCX Comdex, MCX AGRI, MCX Metal, MCX Energy. Markowitz Efficient Frontier theory has been used to calculate portfolio risk return and Sharpe risk adjusted ratio has been used to evaluate the various portfolios. Optimal portfolio has been obtained for the combination of equity, bond and commodity and overall results of the study indicate that an investor who is risk averse will prefer to invest in combination of SENSEX, BOND & MCX Energy whereas an investor who gets utility by taking more risk for more returns will prefer to invest in combination of SENSEX, BOND & MCX Metal. Investor having inclination towards moderate risk return would tend to invest in MCX AGRI along with SENSEX and BOND.

17 CFR 33.3 - Unlawful commodity option transactions.

Science.gov (United States)

2010-04-01

... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Unlawful commodity option... REGULATION OF DOMESTIC EXCHANGE-TRADED COMMODITY OPTION TRANSACTIONS § 33.3 Unlawful commodity option... of, or maintain a position in, any commodity option transaction subject to the provisions of this...

A Framework for Learning Analytics Using Commodity Wearable Devices.

Science.gov (United States)

Lu, Yu; Zhang, Sen; Zhang, Zhiqiang; Xiao, Wendong; Yu, Shengquan

2017-06-14

We advocate for and introduce LEARNSense, a framework for learning analytics using commodity wearable devices to capture learner's physical actions and accordingly infer learner context (e.g., student activities and engagement status in class). Our work is motivated by the observations that: (a) the fine-grained individual-specific learner actions are crucial to understand learners and their context information; (b) sensor data available on the latest wearable devices (e.g., wrist-worn and eye wear devices) can effectively recognize learner actions and help to infer learner context information; (c) the commodity wearable devices that are widely available on the market can provide a hassle-free and non-intrusive solution. Following the above observations and under the proposed framework, we design and implement a sensor-based learner context collector running on the wearable devices. The latest data mining and sensor data processing techniques are employed to detect different types of learner actions and context information. Furthermore, we detail all of the above efforts by offering a novel and exemplary use case: it successfully provides the accurate detection of student actions and infers the student engagement states in class. The specifically designed learner context collector has been implemented on the commodity wrist-worn device. Based on the collected and inferred learner information, the novel intervention and incentivizing feedback are introduced into the system service. Finally, a comprehensive evaluation with the real-world experiments, surveys and interviews demonstrates the effectiveness and impact of the proposed framework and this use case. The F1 score for the student action classification tasks achieve 0.9, and the system can effectively differentiate the defined three learner states. Finally, the survey results show that the learners are satisfied with the use of our system (mean score of 3.7 with a standard deviation of 0.55).

Two- and three-index formulations of the minimum cost multicommodity k-splittable flow problem

DEFF Research Database (Denmark)

Gamst, Mette; Jensen, Peter Neergaard; Pisinger, David

2010-01-01

The multicommodity flow problem (MCFP) considers the efficient routing of commodities from their origins to their destinations subject to capacity restrictions and edge costs. Baier et al. [G. Baier, E. Köhler, M. Skutella, On the k-splittable flow problem, in: 10th Annual European Symposium...... of commodities has to be satisfied at the lowest possible cost. The problem has applications in transportation problems where a number of commodities must be routed, using a limited number of distinct transportation units for each commodity. Based on a three-index formulation by Truffot et al. [J. Truffot, C...... on Algorithms, 2002, 101–113] introduced the maximum flow multicommodity k-splittable flow problem (MCkFP) where each commodity may use at most k paths between its origin and its destination. This paper studies the -hard minimum cost multicommodity k-splittable flow problem (MCMCkFP) in which a given flow...

Factor Structure in Commodity Futures Return and Volatility

DEFF Research Database (Denmark)

Christoffersen, Peter; Lunde, Asger; Olesen, Kasper Vinther

Using data on more than 750 million futures trades during 2004-2013, we analyze eight stylized facts of commodity price and volatility dynamics in the post financialization period. We pay particular attention to the factor structure in returns and volatility and to commodity market integration...... with the equity market. We find evidence of a factor structure in daily commodity futures returns. However, the factor structure in daily commodity futures volatility is even stronger than in returns. When computing model-free realized commodity betas with the stock market we find that they were high during 2008......-2010 but have since returned to the pre-crisis level close to zero. The common factor in commodity volatility is nevertheless clearly related to stock market volatility. We conclude that, while commodity markets appear to again be segmented from the equity market when only returns are considered, commodity...

HIV/AIDS related commodities supply chain management in public health facilities of Addis Ababa, Ethiopia: a cross-sectional survey.

Science.gov (United States)

Berhanemeskel, Eyerusalem; Beedemariam, Gebremedhin; Fenta, Teferi Gedif

2016-01-01

A wide range of pharmaceutical products are needed for diagnosis, treatment, and prevention of HIV/AIDS. However, interrupted supplies and stock-outs are the major challenges in the supply chain of ARV medicines and related commodities. The aim of this study was to assess the supply chain management of HIV/AIDS related commodities in public health facilities of Addis Ababa, Ethiopia. A descriptive cross-sectional survey complemented by qualitative method was conducted in 24 public health facilities (4 hospitals and 20 health centers). A semi-structured questionnaire and observation check list were used to collect data on HIV/AIDS related service, reporting and ordering; receiving, transportation and storage condition of ARV medicines and test kits; and supportive supervision and logistics management information system. In addition, in-depth interview with flexible probing techniques was used to complement the quantitative data with emphasis to the storage condition of ARV medicines and test kits. Quantitative data was analyzed using SPSS version-20. Analysis of qualitative data involved rigorous reading of transcripts in order to identify key themes and data was analyzed using thematic approach. The study revealed that 16 health centers and one hospital had recorded and reported patient medication record. Six months prior to the study, 14 health centers and 2 hospitals had stopped VCT services for one time or more. Three hospitals and 18 health centers claimed to have been able to submit the requisition and report concerning ARV medicines to Pharmaceutical Fund and Supply Agency according to the specific reporting period. More than three-fourth of the health centers had one or more emergency order of ARV medicines on the day of visit, while all of hospitals had emergency order more than 3 times within 6 months prior to the study. All of the hospitals and nearly half of the health centers had an emergency order of test kits more than 3 times in the past 6�

Crushing Candy: The Free-to-Play Game in Its Connective Commodity Form

NARCIS (Netherlands)

Nieborg, D.B.

2015-01-01

The goal of this article is to add a complementary perspective to the study of social network sites by surveying how the political economy of social media platforms relates to the structure of free-to-play games in their commodity form. Drawing on the theory of multisided markets and critical

The Principles and the Specifics of Trading in Commodities

Science.gov (United States)

Baran, Dušan; Herbacsková, Anita

2012-12-01

In the present period of instability on financial markets, investments in commodities are the solution for elimination of the consequences of inflation and ensure the yield. When investing in commodities, the use of specifics of commodities compared to other assets. The distribution of commodities we can interpret for agricultural commodities, commodities of energy, precious and other metals, and weather. Therefore, in the framework of the investment portfolio are the commodities. This is the reason why one of the most popular types of investment assets now become commodities. In the interpretation of particular commodities we talk about commodity futures. The reason is that the spot market with commodities is limited storage facilities. The growth of the popularity, which allows a wide range of commodities, has caused that in addition to from institutional investors and speculators for trade may involve even small investors. This development will be supplemented by interpretation of the charts and figers, which will be commented and used for generalization of knowledge. Finally, the article will be interpreted by the further development of the market for commodities as it by article assumes from the results of research.

Improving agricultural commodity supply-chain to promote economic activities in rural area

Science.gov (United States)

Padjung, R.

2018-05-01

Long supply chain of agricultural commodities has become concern to governments particularly in large countries such as Indonesia as it causes high price disparity between farm-gate and retailer. Policies to overcome such problem are usually by shortening the chain, by which farmers sell the products directly to retailers. Using an action research in AEDEF (Aceh Economic Development Financing Facilities) Program, conducted in the province of Nangro Aceh Darussalam (NAD) Indonesia, the paper shows that shortening the commodity supply chain is not the best solution to such problem, as it causes loss of jobs in the villages. High price disparity between farm-gate and retailer is not necessary brought about by long supply-chain but by the efficiency of the chain instead. Efficiency of the chain can be improved by creating enabling business environment such that every actors and players work in a fair manner. This can be achieved by transparency in price and quality grade. With development achieved in Information and Communication Technology (ICT), having a good and reliable flow of such information is not difficult. In addition to information flow, the availability and quality of infrastructure to support flow of goods from farm-gate to end-user is of reasonably important.

Multiple commodities in statistical microeconomics: Model and market

Science.gov (United States)

Baaquie, Belal E.; Yu, Miao; Du, Xin

2016-11-01

A statistical generalization of microeconomics has been made in Baaquie (2013). In Baaquie et al. (2015), the market behavior of single commodities was analyzed and it was shown that market data provides strong support for the statistical microeconomic description of commodity prices. The case of multiple commodities is studied and a parsimonious generalization of the single commodity model is made for the multiple commodities case. Market data shows that the generalization can accurately model the simultaneous correlation functions of up to four commodities. To accurately model five or more commodities, further terms have to be included in the model. This study shows that the statistical microeconomics approach is a comprehensive and complete formulation of microeconomics, and which is independent to the mainstream formulation of microeconomics.

17 CFR 37.3 - Requirements for underlying commodities.

Science.gov (United States)

2010-04-01

... that are a security futures product, and the registered derivatives transaction execution facility is a... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Requirements for underlying commodities. 37.3 Section 37.3 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION...

Commodity movement tracking (CMT) : bridging operations and commercial transactions

International Nuclear Information System (INIS)

Lewyta, M.

2004-01-01

Enbridge Pipelines Inc. (EPI) operates a network of interconnected pipelines that facilitate the transport of liquid fuels across North America, with operations centralized in Edmonton, Alberta. This paper addressed the issue of accurately tracking the location of commodities transported on EPI pipelines for billing and payment purposes. The role of integrated information systems in meeting the need for high quality information by customers and by EPI was also addressed. The paper presented the Commodity Movement Tracking (CMT) system that is central to achieving the desired accuracy of commercial and financial transactions. CMT tracks inventories and links products to commercial transactions across the pipeline. Batches are tracked from initial receipt to final delivery, incorporating CMT's operational checks and balances, reconciliation steps, process monitoring, and supervisory control and data acquisition (SCADA) systems data that contribute to inputs equaling outputs. Daily schedules are recorded into the CMT system as events, based on volumetric information derived from the SCADA system. Receipt and delivery events will be electronically recorded into CMT from field flow computers in the near future. CMT modeling considers changes within the line configuration, static pipe diameter changes, as well as packing and draining of the line fill resulting from pressure changes. This paper described the major functional activities of the overall business process, such as nominations, scheduling, commodity movement tracking, leak detection, electronic ticketing, SCADA, and oil accounting. 10 figs.

7 CFR 1421.110 - Commodity certificate exchanges.

Science.gov (United States)

2010-01-01

... commodity certificate for the marketing assistance loan collateral. (b) The exchange rate is the lesser of... assistance loan collateral. (3) Immediately exchanging the purchased commodity certificate for the outstanding loan collateral. (e) The authority to make commodity certificates available to the producer will...

17 CFR 32.3 - Unlawful commodity option transactions.

Science.gov (United States)

2010-04-01

... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Unlawful commodity option... REGULATION OF COMMODITY OPTION TRANSACTIONS § 32.3 Unlawful commodity option transactions. (a) On and after... extend credit in lieu thereof) from an option customer as payment of the purchase price in connection...

17 CFR 31.6 - Registration of leverage commodities.

Science.gov (United States)

2010-04-01

... taking delivery to buy or sell the leverage commodity; (2) Explain the effect of such changes upon the... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Registration of leverage... LEVERAGE TRANSACTIONS § 31.6 Registration of leverage commodities. (a) Registration of leverage commodities...

17 CFR 32.11 - Suspension of commodity option transactions.

Science.gov (United States)

2010-04-01

... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Suspension of commodity option... REGULATION OF COMMODITY OPTION TRANSACTIONS § 32.11 Suspension of commodity option transactions. (a... accept money, securities or property in connection with, the purchase or sale of any commodity option, or...

Globalisation of water resources: International virtual water flows in relation to international crop trade

NARCIS (Netherlands)

Hoekstra, Arjen Ysbert; Hung, P.Q.

2005-01-01

The water that is used in the production process of a commodity is called the ‘virtual water’ contained in the commodity. International trade of commodities brings along international flows of virtual water. The objective of this paper is to quantify the volumes of virtual water flows between

Stockouts of HIV commodities in public health facilities in Kinshasa: Barriers to end HIV.

Directory of Open Access Journals (Sweden)

Tinne Gils

Full Text Available Stockouts of HIV commodities increase the risk of treatment interruption, antiretroviral resistance, treatment failure, morbidity and mortality. The study objective was to assess the magnitude and duration of stockouts of HIV medicines and diagnostic tests in public facilities in Kinshasa, Democratic Republic of the Congo. This was a cross-sectional survey involving visits to facilities and warehouses in April and May 2015. All zonal warehouses, all public facilities with more than 200 patients on antiretroviral treatment (ART (high-burden facilities and a purposive sample of facilities with 200 or fewer patients (low-burden facilities in Kinshasa were selected. We focused on three adult ART formulations, cotrimoxazole tablets, and HIV diagnostic tests. Availability of items was determined by physical check, while stockout duration until the day of the survey visit was verified with stock cards. In case of ART stockouts, we asked the pharmacist in charge what the facility coping strategy was for patients needing those medicines. The study included 28 high-burden facilities and 64 low-burden facilities, together serving around 22000 ART patients. During the study period, a national shortage of the newly introduced first-line regimen Tenofovir-Lamivudine-Efavirenz resulted in stockouts of this regimen in 56% of high-burden and 43% of low-burden facilities, lasting a median of 36 (interquartile range 29-90 and 44 days (interquartile range 24-90 until the day of the survey visit, respectively. Each of the other investigated commodities were found out of stock in at least two low-burden and two high-burden facilities. In 30/41 (73% of stockout cases, the commodity was absent at the facility but present at the upstream warehouse. In 30/57 (54% of ART stockout cases, patients did not receive any medicines. In some cases, patients were switched to different ART formulations or regimens. Stockouts of HIV commodities were common in the visited facilities

49 CFR 1248.1 - Freight commodity statistics.

Science.gov (United States)

2010-10-01

... 49 Transportation 9 2010-10-01 2010-10-01 false Freight commodity statistics. 1248.1 Section 1248... STATISTICS § 1248.1 Freight commodity statistics. All class I railroads, as described in § 1240.1 of this... statistics on the basis of the commodity codes named in § 1248.101. Carriers shall report quarterly on the...

How market structure drives commodity prices

Science.gov (United States)

Li, Bin; Wong, K. Y. Michael; Chan, Amos H. M.; So, Tsz Yan; Heimonen, Hermanni; Wei, Junyi; Saad, David

2017-11-01

We introduce an agent-based model, in which agents set their prices to maximize profit. At steady state the market self-organizes into three groups: excess producers, consumers and balanced agents, with prices determined by their own resource level and a couple of macroscopic parameters that emerge naturally from the analysis, akin to mean-field parameters in statistical mechanics. When resources are scarce prices rise sharply below a turning point that marks the disappearance of excess producers. To compare the model with real empirical data, we study the relationship between commodity prices and stock-to-use ratios in a range of commodities such as agricultural products and metals. By introducing an elasticity parameter to mitigate noise and long-term changes in commodities data, we confirm the trend of rising prices, provide evidence for turning points, and indicate yield points for less essential commodities.

Multinetwork of international trade: A commodity-specific analysis

Science.gov (United States)

Barigozzi, Matteo; Fagiolo, Giorgio; Garlaschelli, Diego

2010-04-01

We study the topological properties of the multinetwork of commodity-specific trade relations among world countries over the 1992-2003 period, comparing them with those of the aggregate-trade network, known in the literature as the international-trade network (ITN). We show that link-weight distributions of commodity-specific networks are extremely heterogeneous and (quasi) log normality of aggregate link-weight distribution is generated as a sheer outcome of aggregation. Commodity-specific networks also display average connectivity, clustering, and centrality levels very different from their aggregate counterpart. We also find that ITN complete connectivity is mainly achieved through the presence of many weak links that keep commodity-specific networks together and that the correlation structure existing between topological statistics within each single network is fairly robust and mimics that of the aggregate network. Finally, we employ cross-commodity correlations between link weights to build hierarchies of commodities. Our results suggest that on the top of a relatively time-invariant “intrinsic” taxonomy (based on inherent between-commodity similarities), the roles played by different commodities in the ITN have become more and more dissimilar, possibly as the result of an increased trade specialization. Our approach is general and can be used to characterize any multinetwork emerging as a nontrivial aggregation of several interdependent layers.

The Price of Commodity Risk in Stock and Futures Markets

NARCIS (Netherlands)

M. Boons (Martijn); F.A. de Roon (Frans); M.K. Szymanowska (Marta)

2014-01-01

textabstractWe find that commodity risk is priced in the cross-section of US stock returns. Following the financialization of commodities, investors hedge commodity price risk directly in the futures market, primarily via commodity index investments, whereas before they gained commodity exposure

17 CFR 14.4 - Violation of Commodity Exchange Act.

Science.gov (United States)

2010-04-01

... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Violation of Commodity Exchange Act. 14.4 Section 14.4 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION... Exchange Act. The Commission may deny, temporarily or permanently, the privilege of appearing or practicing...

Choosing a commode for the ward environment.

Science.gov (United States)

Ballinger, C; Pain, H; Pascoe, J; Gore, S

The choice of appropriate equipment to promote patient independence and enhance nursing care is of major concern to the nurse in the ward environment. This article reports on a recent evaluation of specialist commodes, (Ballinger et al, 1994), with reference to the programme funded by the Medical Devices Agency, Department of Health, under whose auspices the project was carried out. The results of user evaluations and technical tests of six mobile commodes are presented, the preferred model being the Mayfair commode supplied by Carters (J&A) Ltd. The article concludes by identifying a number of important considerations to bear in mind when selecting a commode.

Statistical field theory of futures commodity prices

Science.gov (United States)

Baaquie, Belal E.; Yu, Miao

2018-02-01

The statistical theory of commodity prices has been formulated by Baaquie (2013). Further empirical studies of single (Baaquie et al., 2015) and multiple commodity prices (Baaquie et al., 2016) have provided strong evidence in support the primary assumptions of the statistical formulation. In this paper, the model for spot prices (Baaquie, 2013) is extended to model futures commodity prices using a statistical field theory of futures commodity prices. The futures prices are modeled as a two dimensional statistical field and a nonlinear Lagrangian is postulated. Empirical studies provide clear evidence in support of the model, with many nontrivial features of the model finding unexpected support from market data.

City networks and commodity chains: identifying global flows and local connections in Ho Chi Minh City

DEFF Research Database (Denmark)

Vind, Ingeborg; Fold, Niels

2010-01-01

Any analytical framework for understanding actual forms of the intensified incorporation of cities into the world economy needs to go beyond the exclusive focus on advanced producer services, which is characteristic of most of the World City Network (WCN) approach. Simultaneously, an account...... of the role of advanced producer services will strengthen Global Commodity Chain (GCC) analysis. A combination of the literatures on WCN and GCC can contribute to a broader conceptualization of the connections and connectivities of global cities. In addition, a combined approach will improve our understanding...... of globalization processes within many so-called 'third-world' cities that are experiencing booms in export-oriented industrialization and in migration from rural hinterlands as they are being integrated into Global Commodity Chains. We illustrate our argument with insights from GCC analyses of the electronics...

Expected commodity returns and pricing models

International Nuclear Information System (INIS)

Cortazar, Gonzalo; Kovacevic, Ivo; Schwartz, Eduardo S.

2015-01-01

Stochastic models of commodity prices have evolved considerably in terms of their structure and the number and interpretation of the state variables that model the underlying risk. Using multiple factors, different specifications and modern estimation techniques, these models have gained wide acceptance because of their success in accurately fitting the observed commodity futures' term structures and their dynamics. It is not well emphasized however that these models, in addition to providing the risk neutral distribution of future spot prices, also provide their true distribution. While the parameters of the risk neutral distribution are estimated more precisely and are usually statistically significant, some of the parameters of the true distribution are typically measured with large errors and are statistically insignificant. In this paper we argue that to increase the reliability of commodity pricing models, and therefore their use by practitioners, some of their parameters — in particular the risk premium parameters — should be obtained from other sources and we show that this can be done without losing any precision in the pricing of futures contracts. We show how the risk premium parameters can be obtained from estimations of expected futures returns and provide alternative procedures for estimating these expected futures returns. - Highlights: • Simple methodology to improve the performance of commodity pricing models • New information about commodity futures expected return is added to the estimation. • No significant effect in pricing futures contracts is observed. • More reliable commodity pricing model's expected returns are obtained. • Methodology is open to any expected futures return model preferred by practitioner

COMMODITY MARKET REGULATION: EXPORTING COUNTRIES VERSUS IMPORTING COUNTRIES

OpenAIRE

Souza, Leonardo Silveira

2012-01-01

The high in commodity prices in the international market in the last decade, tensions escalated between exporting and importing commodities countries, the extent of having their demands and pressures discussed in the main international organizations, especially in the G20. As altas nas cotações das commodities no mercado internacional na última década acirraram as tensões entre países exportadores e importadores de commodities, a ponto de terem suas reivindicações e pressões debatidas no...

A two-commodity perishable inventory system

Directory of Open Access Journals (Sweden)

B Sivakumar

2005-12-01

Full Text Available We present a two-commodity perishable stochastic inventory system under continuous review at a service facility with a finite waiting room. The maximum storage capacity for the i–th item is fixed as Si (i = 1, 2. We assume that a demand for the i–th commodity is of unit size. The arrival instants of customers to the service station constitutes a Poisson process with parameter lambda. The customer demands for these commodities are assumed to be in the ratio p1:p2. An individual customer is issued a demanded item after a random time of service with a negative exponential distribution. The items are perishable in nature and the life time of items of each commodity is assumed to be exponentially distributed. Both commodities are supposed to be substitutable in the sense that at the instant of any zero-stock, the other item may be used to meet the demand. A joint reordering policy is adopted with a random lead time for orders with exponential distribution. The joint probability distribution of the number of customers in the system and the inventory levels are obtained in both the transient and steady states. We also derive some stationary performance measures. The results are illustrated by means of a numerical example.

Trends and prospects of international major commodity prices

Directory of Open Access Journals (Sweden)

Maria Cartas

2013-04-01

Full Text Available Trends and prospects of international major commodity prices. In 2012, the international commodity markets have seen declining prices, especially during the first half of the year, with some improvement mainly in the last quarter. On the whole, most of major commodity prices declined, following generally weaker demand and the uncertain global economic situation. The short term outlook shows broad declines of prices for all major commodity groups, including oil and excepting metal prices, which are expected to be sustained by the global economic recovery and increasing demand, mainly in China. This country represents a major player, with a great contribution to the movement of prices on most of international commodity markets, as she has a great role in the world consumption and trade of commodities, as well as in the world production of some of these goods, on the one hand, and enjoys huge financial resources, on the other.

Factor Structure in Commodity Futures Return and Volatility

DEFF Research Database (Denmark)

Christoffersen, Peter; Lunde, Asger; Olesen, Kasper Vinther

-2010 but have since returned to the pre-crisis level close to zero. The common factor in commodity volatility is nevertheless clearly related to stock market volatility. We conclude that, while commodity markets appear to again be segmented from the equity market when only returns are considered, commodity...

Commodity Price Fluctuations: A Century of Analysis

OpenAIRE

Walter Labys

2005-01-01

Commodity prices again! The twentieth century has only been the latest spectator to the impacts and importance of commodity price fluctuations. It is reasonably well known that commodity price records have come down to us from the ancient civilizations of India, Mesopotamia, Egypt, Greece and Rome. Earlier in the century, formal research began on the relationships between agricultural demand, supply and prices in a market context. This research not only evolved in sophistication but extended ...

The stochastic seasonal behavior of energy commodity convenience yields

International Nuclear Information System (INIS)

Mirantes, Andrés García; Población, Javier; Serna, Gregorio

2013-01-01

This paper contributes to the commodity pricing literature by consistently modeling the convenience yield with its empirically observed properties. Specifically, in this paper, we show how a four-factor model for the stochastic behavior of commodity prices, with two long- and short-term factors and two additional seasonal factors, may accommodate some of the most important empirically observed characteristics of commodity convenience yields, such as the mean reversion and stochastic seasonality. Based on this evidence, a theoretical model is presented and estimated to characterize the commodity convenience yield dynamics that are consistent with previous findings. We also show that commodity price seasonality is better estimated through convenience yields than through futures prices. - Highlights: • Energy commodity convenience yields exhibit mean reversion and stochastic seasonality. • We present a model for convenience yields accounting for their observed characteristics. • Commodity price seasonality is better estimated through convenience yields

17 CFR 32.9 - Fraud in connection with commodity option transactions.

Science.gov (United States)

2010-04-01

... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Fraud in connection with commodity option transactions. 32.9 Section 32.9 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION REGULATION OF COMMODITY OPTION TRANSACTIONS § 32.9 Fraud in connection with commodity...

22 CFR 201.63 - Maximum prices for commodities.

Science.gov (United States)

2010-04-01

... actually incurred in moving the commodities supplied from the point of purchase to a position alongside or... between those points. (g) Commodity price subject to escalation. If a purchase contract contains a price.... prevailing market price—U.S. source. The purchase price for a commodity, the source of which is the United...

Survey of Media Forms and Information Flow Models in Microsystems Companies

Science.gov (United States)

Durugbo, Christopher; Tiwari, Ashutosh; Alcock, Jeffery R.

The paper presents the findings of a survey of 40 microsystems companies that was carried out to determine the use and the purpose of use of media forms and information flow models within these companies. These companies as 'product-service systems' delivered integrated products and services to realise customer solutions. Data collection was carried out by means of an online survey over 3 months. The survey revealed that 42.5% of respondents made use of data flow diagrams and 10% made use of design structure matrices. The survey also suggests that a majority of companies (75%) made use of textual and diagrammatic media forms for communication, analysis, documentation and representation during design and development processes. The paper also discusses the implications of the survey findings to product-service systems.

Biofuel and Food-Commodity Prices

Directory of Open Access Journals (Sweden)

David Zilberman

2012-09-01

Full Text Available The paper summarizes key findings of alternative lines of research on the relationship between food and fuel markets, and identifies gaps between two bodies of literature: one that investigates the relationship between food and fuel prices, and another that investigates the impact of the introduction of biofuels on commodity-food prices. The former body of literature suggests that biofuel prices do not affect food-commodity prices, but the latter suggests it does. We try to explain this gap, and then show that although biofuel was an important contributor to the recent food-price inflation of 2001–2008, its effect on food-commodity prices declined after the recession of 2008/09. We also show that the introduction of cross-price elasticity is important when explaining soybean price, but less so when explaining corn prices.

15 CFR 740.18 - Agricultural commodities (AGR).

Science.gov (United States)

2010-01-01

... commodity meets the definition of “agricultural commodities” in part 772 of the EAR; (2) The commodity is... international terrorism or the transaction raises nonproliferation concerns, you may not use License Exception...

Understanding the U.S. Generic Advertising System and its Role in Information Management among Commodities and Food Systems

Directory of Open Access Journals (Sweden)

Ron W. Ward

2010-10-01

Full Text Available  Information is essential to growing demand and maintaining efficiency throughout the supply chain for any commodity. The U.S. model for facilitating producers and first handlers having a proactive role in the flow of information about their products is through commodity checkoff programs. These industry administrated programs fund generic advertising and promotions usually through a mandatory assessment. Success of any of these programs depend on the administrative structure, the message, the ability to judge performance, and the overall equity in sharing in the program created benefits.

Managing commodity markets: the case of OPEC

International Nuclear Information System (INIS)

Salman, R.; Ferroukhi, R.

1993-01-01

Since primary commodity producers first took control of their natural resources, they have attempted to utilize production/price management with varying degrees of success. As a tool aimed at regulating, rather than controlling, commodity markets, this type of resource management is an essential means of achieving realistic economic returns, which, in the long run, serves the interests of the producer of the commodity in question, as well as its consumer. By regulating commodity markets in times of stable prices producing countries would benefit from a steady and constant level of export earnings, thus allowing them to achieve a sustainable level of economic development. As far as the oil market is concerned, stable prices, set in a range favourable to both producers and consumers, would give investors the confidence needed for long-term exploration. This is particularly important for a commodity such as oil, at a time when the lead time between exploration starting and actual production getting under way is increasing. Not only would producers benefit from stable export earnings, which are an essential requirement for the planning of their development process, but consuming countries would at the same time benefit in two ways: first, they would gain security of supply; and second, as fluctuations in their expenditure for this commodity are reduced, they would be a position to manage their economies more efficiently. (author)

Portfolio Diversification with Commodities in Times of Financialization

Directory of Open Access Journals (Sweden)

Adam Zaremba

2015-03-01

Full Text Available The study concentrates on the benefits of passive commodity investments in the context of the phenomenon of financialization. The research investigates the implications of increase in the correlation coefficients between equity and commodity investments for investors in financial markets. The paper is composed of several parts. First, the attributes of commodity investments and their benefits in the portfolio optimization are explored. Second, the phenomenon of the financialization is described and the research hypothesis is developed. Next, an empirical analysis is performed. I simulate the mean-variance spanning tests to examine the benefits of commodity investments before and after accounting for the impact of financialization. I proceed separate analysis for pre- and post-financialization period. The empirical research is based on asset classes’ returns and other related variables from years 1991-2012. The performed investigations indicate that the market financialization may have significant implications for commodity investors. Due to increase in correlation coefficients, the inclusion of the commodity futures in the traditional stock-bond portfolio appears to be no longer reasonable.

Implications of commodity price risk and operating leverage on petroleum project economic evaluations

International Nuclear Information System (INIS)

Salahor, G.; Laughton, D.G.

1999-01-01

The modern asset pricing method, MAP, can provide businesses with improved tools for economic analysis. This in turn leads to greater precision in the analysis of the effects of the following parameters: project structure, time, and uncertainty. This greater precision with MAP extends to analysis of the possibility for active control of the decision alternatives for managers in the petroleum business, especially where this possibility is not questioned. A methodology is developed as a model that quantifies revenue risk based on the nature of commodity price volatility and the accepted price of risk in the commodity market. A mathematical description is included of a natural gas log-normal distribution incorporating the annual volatility in the forecast, and a measure of the rate at which volatility decreases in the long run in the forecast. Give this volatility model, a risk discount factor is determinable and applicable to the current expectation of the commodity prices at a given time, and a discount time factor of all parts of the cash flow stream. Cases are used to evaluate a natural gas development project for the purpose of yielding scenarios for capital vs. operating cost trade-offs, price risk management, production profile, and the effect of the reverting vs. non-reverting price model. In application one, a comparison is made of discounted cash flow (DCF) to MAP evaluations giving a perspective on the various development choices which a producer has through third-party service providers. Further, an example is used to compare the two methods as alternative evaluations of development alternatives to speed up or slow down the production rate and decline profile of a gas field. As in the first example, the DCF discounting is higher than the net discounting in the MAP evaluation. But in this example both methods produce the same project structure decision. The small amount of incremental capital and operating costs needed for the higher production case are

Flow-through dynamic microextraction system for automatic in vitro assessment of chyme bioaccessibility in food commodities.

Science.gov (United States)

Souza, Lais A; Rosende, María; Korn, Maria Graças A; Miró, Manuel

2018-10-05

An automatic flow-through dynamic extraction method is proposed for the first time for in vitro exploration, with high temporal resolution, of the transit of the chyme from the gastric to the duodenal compartment using the Versantvoort's fed-state physiologically relevant extraction test. The flow manifold was coupled on-line to an inductively coupled plasma optical emission spectrometer (ICP OES) for real-time elucidation of the bioaccessible elemental fraction of micronutrients (viz., Cu, Fe and Mn) in food commodities across the gastrointestinal tract. The simulated intestinal and bile biofluid (added to the gastric phase) was successively pumped at 1.0 mL min -1 through a large-bore column (maintained at 37.0 ± 2.0 °C) initially loaded with a weighed amount of linseed (250 mg) using a PVDF filter membrane (5.0 μm pore size) for retaining of the solid sample and in-line filtration of the extracts. The lack of bias (trueness) of the on-line gastrointestinal extraction method coupled to ICP OES was confirmed using mass balance validation following microwave assisted digestion of the residual (non-bioaccessible) elemental fraction. Mass balance validation yielded absolute recoveries spanning from 79 to 121% for the overall analytes and samples. On-line dynamic extraction was critically appraised against batch counterparts for both gastric and gastrointestinal compartments. Due to the lack of consensus in the literature regarding the agitation method for batch oral bioaccessibility testing, several extraction approaches (viz., magnetic stirring, end-over-end rotation and orbital shaking) were evaluated. Improved gastric extractability of Fe along with bioaccessible data comparable to the dynamic counterpart based on the continuous displacement of the extraction equilibrium was obtained with batchwise magnetic stirring, which is deemed most appropriate for ascertaining worst-case/maximum bioaccessibility scenarios. Copyright © 2018 Elsevier B.V. All

Organized Retailing of Horticultural Commodities

OpenAIRE

Sinha, Piyush Kumar; Thomas, Sujo

2012-01-01

Owing to rapid urbanization and changing consumption patterns, more and more retailers are trying to put their best efforts to discover new avenues of success when it comes to the sales of horticultural commodities. There are several Indian companies as well as foreign companies who have been focusing all their energies to succeed in the organized retail sector of Indian horticulture commodities. The Indian retail industry is worth $470 million and organized retail stands at $26 million which...

Portfolio Diversification with Commodity Futures: Properties of Levered Futures

NARCIS (Netherlands)

Woodard, J.D.; Egelkraut, T.M.; Garcia, P.; Pennings, J.M.E.

2005-01-01

Portfolio Diversification with Commodity Futures: Properties of Levered Futures This study extends previous work on the impact of commodity futures on portfolio performance by explicitly incorporating levered futures into the portfolio optimization problem. Using data on nine individual commodity

Development of commodity exchange in Croatia

OpenAIRE

Sicel, Mladen

2009-01-01

Purpose of this thesis work is to show relevance and necessarity for existing of commodity exchange and it’s influence to the economy of Croatia. Because eastern part of Croatia, region called Slavonia is mostly agricultural oriented, it is of essential relevance to establish and make operate of first commodity exchange in Croatia.

17 CFR 33.10 - Fraud in connection with commodity option transactions.

Science.gov (United States)

2010-04-01

... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Fraud in connection with commodity option transactions. 33.10 Section 33.10 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION REGULATION OF DOMESTIC EXCHANGE-TRADED COMMODITY OPTION TRANSACTIONS § 33.10 Fraud in...

Trading forests: land-use change and carbon emissions embodied in production and exports of forest-risk commodities

Science.gov (United States)

Henders, Sabine; Persson, U. Martin; Kastner, Thomas

2015-12-01

Production of commercial agricultural commodities for domestic and foreign markets is increasingly driving land clearing in tropical regions, creating links and feedback effects between geographically separated consumption and production locations. Such teleconnections are commonly studied through calculating consumption footprints and quantifying environmental impacts embodied in trade flows, e.g., virtual water and land, biomass, or greenhouse gas emissions. The extent to which land-use change (LUC) and associated carbon emissions are embodied in the production and export of agricultural commodities has been less studied. Here we quantify tropical deforestation area and carbon emissions from LUC induced by the production and the export of four commodities (beef, soybeans, palm oil, and wood products) in seven countries with high deforestation rates (Argentina, Bolivia, Brazil, Paraguay, Indonesia, Malaysia, and Papua New Guinea). We show that in the period 2000-2011, the production of the four analyzed commodities in our seven case countries was responsible for 40% of total tropical deforestation and resulting carbon losses. Over a third of these impacts was embodied in exports in 2011, up from a fifth in 2000. This trend highlights the growing influence of global markets in deforestation dynamics. Main flows of embodied LUC are Latin American beef and soybean exports to markets in Europe, China, the former Soviet bloc, the Middle East and Northern Africa, whereas embodied emission flows are dominated by Southeast Asian exports of palm oil and wood products to consumers in China, India and the rest of Asia, as well as to the European Union. Our findings illustrate the growing role that global consumers play in tropical LUC trajectories and highlight the need for demand-side policies covering whole supply chains. We also discuss the limitations of such demand-side measures and call for a combination of supply- and demand-side policies to effectively limit tropical

Trading forests: land-use change and carbon emissions embodied in production and exports of forest-risk commodities

International Nuclear Information System (INIS)

Henders, Sabine; Persson, U Martin; Kastner, Thomas

2015-01-01

Production of commercial agricultural commodities for domestic and foreign markets is increasingly driving land clearing in tropical regions, creating links and feedback effects between geographically separated consumption and production locations. Such teleconnections are commonly studied through calculating consumption footprints and quantifying environmental impacts embodied in trade flows, e.g., virtual water and land, biomass, or greenhouse gas emissions. The extent to which land-use change (LUC) and associated carbon emissions are embodied in the production and export of agricultural commodities has been less studied. Here we quantify tropical deforestation area and carbon emissions from LUC induced by the production and the export of four commodities (beef, soybeans, palm oil, and wood products) in seven countries with high deforestation rates (Argentina, Bolivia, Brazil, Paraguay, Indonesia, Malaysia, and Papua New Guinea). We show that in the period 2000–2011, the production of the four analyzed commodities in our seven case countries was responsible for 40% of total tropical deforestation and resulting carbon losses. Over a third of these impacts was embodied in exports in 2011, up from a fifth in 2000. This trend highlights the growing influence of global markets in deforestation dynamics. Main flows of embodied LUC are Latin American beef and soybean exports to markets in Europe, China, the former Soviet bloc, the Middle East and Northern Africa, whereas embodied emission flows are dominated by Southeast Asian exports of palm oil and wood products to consumers in China, India and the rest of Asia, as well as to the European Union. Our findings illustrate the growing role that global consumers play in tropical LUC trajectories and highlight the need for demand-side policies covering whole supply chains. We also discuss the limitations of such demand-side measures and call for a combination of supply- and demand-side policies to effectively limit

17 CFR 4.14 - Exemption from registration as a commodity trading advisor.

Science.gov (United States)

2010-04-01

... a commodity trading advisor. 4.14 Section 4.14 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION COMMODITY POOL OPERATORS AND COMMODITY TRADING ADVISORS General Provisions, Definitions and Exemptions § 4.14 Exemption from registration as a commodity trading advisor. This section is...

Modeling Multi-commodity Trade Information Exchange Methods

CERN Document Server

Traczyk, Tomasz

2012-01-01

Market mechanisms are entering into new fields of economy, in which some constraints of physical world, e.g. Kirchoffs Law in power grid, must be taken into account during trading. On such markets, some of commodities, like telecommunication bandwidth or electrical energy, appear to be non-storable, and must be exchanged in real-time. On the other hand, the markets tend to react at shortest possible time, so an idea to delegate some competency to autonomous software agents is very attractive. Multi-commodity mechanism addresses the aforementioned requirements. Modeling the relationships between the commodities allows to formulate new, more sophisticated models and mechanisms, which reflect decision situations in a better manner. Application of multi-commodity approach requires solving several issues related to data modeling, communication, semantics aspects of communication, reliability, etc. This book answers some of the questions and points out promising paths for implementation and development. Presented s...

Supplement: Commodity Index Report

Data.gov (United States)

Commodity Futures Trading Commission — Shows index traders in selected agricultural markets. These traders are drawn from the noncommercial and commercial categories. The noncommercial category includes...

Do Exchange Rates Really Help Forecasting Commodity Prices?

DEFF Research Database (Denmark)

Bork, Lasse; Kaltwasser, Pablo Rovira; Sercu, Piet

Chen et al. (2010) report that for ‘commodity currencies’, the exchange rate predicts the country’s commodity index but not vice versa. The commodity currency hypothesis is consistent with the Engle and West (2005) exchange rate model if the fundamental is chosen to be the country’s key export...... expectations, one should mostly observe contemporaneous correlations, not one-directional cross-predictability from one variable toward the other. Using three different data sets and various econometric techniques, we do find the contemporaneous correlations as predicted by the financial asset view......-averaged prices in the commodity index data that they use (price averaging induces spurious autocorrelation and predictability) and to features in their test procedures....

7 CFR 1427.22 - Commodity certificate exchanges.

Science.gov (United States)

2010-01-01

... commodity certificate for the marketing assistance loan collateral. This provision terminates effective... exchange the marketing assistance loan collateral, and (3) Immediately exchanging the purchased commodity certificate for the outstanding loan collateral. [67 FR 64459, Oct. 18, 2002, as amended at 73 FR 65722, Nov...

Commodity team motivation and performance

DEFF Research Database (Denmark)

Englyst, Linda; Jørgensen, Frances; Johansen, John

2008-01-01

In this article, an in-depth single case study is presented in order to explore and discuss the functioning of commodity teams in a global sourcing context. Specifically, the study aimed at identifying factors that may influence team members' motivation to participate in activities that create...... opportunities for synergy and coordination of purchasing. In the teams studied, motivation appeared to be influenced to some degree by a number of factors, including rewards, leadership behaviours, goal setting, and the career goals of the commodity team members. In some cases, inconsistencies between...

Commodity Team Motivation and Performance

DEFF Research Database (Denmark)

Englyst, Linda; Jørgensen, Frances; Johansen, John

2008-01-01

In this article, an in-depth single case study is presented in order to explore and discuss the functioning of commodity teams in a global sourcing context. Specifically, the study aimed at identifying factors that may influence team members' motivation to participate in activities that create...... opportunities for synergy and coordination of purchasing. In the teams studied, motivation appeared to be influenced to some degree by a number of factors, including rewards, leadership behaviours, goal setting, and the career goals of the commodity team members. In some cases, inconsistencies between...

Bitcoin: not a currency-like informational commodity

NARCIS (Netherlands)

Bergstra, J.A.

2014-01-01

Six assertions concerning the status of Bitcoin are formulated and defended: (i) Bitcoin is not and will not become a currency-like informational commodity, (ii) currency-like informational commodities that aren’t currencies must be frauds, (ii) specific BTC amounts may become monetized and thus may

75 FR 15403 - Information Collection, Procurement of Agricultural Commodities for Foreign Donation

Science.gov (United States)

2010-03-29

... Agricultural Commodities for Foreign Donation AGENCY: Commodity Credit Corporation, USDA ACTION: Notice... commodities for foreign donation. The Kansas City Commodity Office (KCCO) issues a public invitation... Agricultural Commodities for Foreign Donation. OMB Number: 0560-0258. Expiration Date: May 31, 2010. Type of...

17 CFR 37.4 - Election to trade excluded and exempt commodities.

Science.gov (United States)

2010-04-01

... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Election to trade excluded and exempt commodities. 37.4 Section 37.4 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION DERIVATIVES TRANSACTION EXECUTION FACILITIES § 37.4 Election to trade excluded and exempt...

Global oil prices, macroeconomic fundamentals and China's commodity sector comovements

International Nuclear Information System (INIS)

Chen, Peng

2015-01-01

This paper investigates the common movements of commodity sectors in China as well as the economic underpinnings of the comovements. We employ a Bayesian dynamic latent factor model to disentangle the common and idiosyncratic sector-specific factors of the prices of a group of China's commodity sectors: petrochemicals, grains, energy, non-ferrous metals, oils & fats, and softs. The results indicate that the common factor accounts for a significant portion of the fluctuations of China's commodity sectors, providing evidence of the strong commodity sector comovements in China. We further use a VAR model to link the common movements across China's commodity sectors to the underlying determinants, including global oil price shocks and domestic macroeconomic fluctuations. We find that the global oil price shocks have strong effects on the common movements across commodity sectors in China in addition to its domestic macroeconomic fluctuations at long horizons. However, at short horizons, the common movements across commodity sectors in China respond more strongly to the global oil shocks than to its domestic macroeconomic fluctuations. - Highlights: • We examine the comovements of commodity prices at the industry level in China. • The common factor accounts for a significant portion of commodity sector fluctuations. • We investigate the joint impacts of global oil price shocks and domestic macro fluctuations on the comovements. • The global oil price shocks have persistent and strong effects on the comovements. • The impacts of domestic macro fluctuations on the comovements differ at short and long horizons.

Data Cubes Integration in Spatial OLAP for Agricultural Commodities

Science.gov (United States)

Putri, A. I.; Sitanggang, I. S.

2017-03-01

Ministry of Agriculture Indonesia collects data of agricultural commodities in Indonesia in the annual period. Agricultural commodities data include food crops, horticulture, plantations, and livestock. The data are available in the spreadsheet format. This study developed data cubes for food crops, plantations, and livestock using the galaxy schema of data warehouse and integrated the data cubes into the SOLAP Horticulture using SpagoBI. SOLAP is useful for data analysis and data visualization. The application displays agricultural commodities data in form of crosstab and chart. This study also developed the location intelligence module that visualizes agricultural commodities data on the map. The system was tested using the black box approach. The result showed that main functions including roll up, drill down, slice, dice, and pivot work properly. This application is expected to enable users to easily obtain data summaries of agricultural commodities.

A dataset on tail risk of commodities markets.

Science.gov (United States)

Powell, Robert J; Vo, Duc H; Pham, Thach N; Singh, Abhay K

2017-12-01

This article contains the datasets related to the research article "The long and short of commodity tails and their relationship to Asian equity markets"(Powell et al., 2017) [1]. The datasets contain the daily prices (and price movements) of 24 different commodities decomposed from the S&P GSCI index and the daily prices (and price movements) of three share market indices including World, Asia, and South East Asia for the period 2004-2015. Then, the dataset is divided into annual periods, showing the worst 5% of price movements for each year. The datasets are convenient to examine the tail risk of different commodities as measured by Conditional Value at Risk (CVaR) as well as their changes over periods. The datasets can also be used to investigate the association between commodity markets and share markets.

Commodity, pre-salt and development

Energy Technology Data Exchange (ETDEWEB)

Alvim, Carlos Feu; Fantine, Jose [Univerisdade Federal do Rio de Janeiro (UFRJ/COPPE), RJ (Brazil). Coordenacao do Programa de Pos-graduacao em Engenharia

2008-04-15

'Brazil is essentially an agricultural country' was the economical truism taught in school in the 1950s. The country was under the influence of the coffee cycle that has followed other ones based on extractive or agricultural products in successive cycles since the Colonial period: pau-brasil, sugarcane, gold, cocoa, rubber, etc. Presently commodities dominate our exports and one might ask: is Brazil essentially a commodity-exporting country? The recent publication of the government document 'Productive development policy - innovate and invest to support growth' makes it opportune to discuss the subject. (author)

Survey of near-field flow calculations for nuclear waste repositories NMA L21

International Nuclear Information System (INIS)

Wilson, R.N.; Holland, D.H.

1979-11-01

A survey of methods and codes which describe the flow of groundwater and the migration of radioactive waste in and about nuclear repositories was performed. A number of laboratories engaged in studies of waste migration and groundwater flow were visited in order to discuss the general problem and obtain reports of work being performed. The results of this survey are discussed

77 FR 6580 - Agency Information Collection Activities: Comment Request for the Industrial Minerals Surveys (40...

Science.gov (United States)

2012-02-08

... Collection Activities: Comment Request for the Industrial Minerals Surveys (40 Forms) AGENCY: U.S. Geological... forms to supply the USGS with domestic production and consumption data of industrial mineral commodities... Minerals Yearbook, monthly Mineral Industry Surveys, annual Mineral Commodity Summaries, and special...

Concept and development of information flow diagram for literature survey

International Nuclear Information System (INIS)

Noda, Masaru; Sato, Shoko; Ueda, Tadashi; Tsuchi, Hiroyuki; Koike, Akihisa

2007-01-01

The Information Flow Diagram for Literature Survey (IFDLS) has been developed to manage information and procedure in the literature survey phase of the PTAs selection process. It is a tool utilizing information technology, which can organize, analyze, and evaluate information from literature survey and manage their process systematically. IFDLS is able to show the flow of information and data, and the history of information management processing. Information coverage and quality is not homogenous throughout the country and, in some areas, there may not even be sufficient data available to be able to reach a judgment on conformity with the site-specific evaluation factors (SSEF). Literature surveys could only be conducted on a volunteer area before it is nominated as a PIA. However, the absence of information on any factor mentioned will not constitute disqualification of the area. On the contrary, an attempt to compare these sites with analogous areas in Japan will be done to assemble sufficient data and consequently make a decision on whether to proceed further. The application of IFDLS to literature survey phase of the PIA selection process is being proposed. The concept, construction, application and evolution of IFDLS towards application phase on a trial basis are discussed. (authors)

Primary Commodity Dependency: A Limiting Factor for Achieving Democracy

Science.gov (United States)

2010-03-24

two ~gricultural crops, minerals, petroleum, or fisheries can be considered primary commodity dependent. Tea, coffee, and cocoa ; peanuts and cotton...Rostow’s Development Model Pre-conditions for take-off mass consumption democracy. In 1960s, economists, associated democratization to a developmental...Commodities can be renewable or non-renewable. Petroleum, diamonds, cocoa , bananas, coffee, and timber are just a few of the commodities that have

Optimum commodity taxation with a non-renewable resource

DEFF Research Database (Denmark)

Daubanes, Julien Xavier; Lasserre, Pierre

2017-01-01

We examine optimum commodity taxation (OCT), including the taxation of non-renewable resources (NRRs), by a government that needs to rely on commodity taxes to raise revenues. NRRs should be taxed at higher rates than otherwise-identical conventional commodities, according to an augmented, dynamic...... formulas can directly be used to indicate how Pigovian taxation of carbon NRRs should be increased in the presence of public-revenue needs, as illustrated in a numerical example. We show that NRR substitutes and complements should receive a particular tax treatment. Finally, in a NRR-importing economy...

7 CFR 17.5 - Contracts between commodity suppliers and importers.

Science.gov (United States)

2010-01-01

... officers and a description of the firm's experience as an exporter of U.S. agricultural commodities. Copies... under this part and the purchase authorization. (3) If, at the time the commodity supplier reports the... requirements unless otherwise specified in the purchase authorization. (1) Commodity contracts between...

Toward Improved Market Access for ASEAN Agricultural Commodities

International Development Research Centre (IDRC) Digital Library (Canada)

... technical report, November 2009 - May 2013. Études. Towards improved market access for ASEAN agricultural commodities : donor partnerships strategy and plan. Rapports. Towards improved market access for ASEAN agricultural commodities : project inception meeting report, Palm Garden Hotel, Putrajaya, Malaysia, ...

Limits to Arbitrage and Hedging: Evidence from Commodity Markets

OpenAIRE

Acharya, Viral V; Lochstoer, Lars; Ramadorai, Tarun

2009-01-01

Motivated by the literature on limits-to-arbitrage, we build an equilibrium model of commodity markets in which speculators are capital constrained, and commodity producers have hedging demands for commodity futures. Increases (decreases) in producers' hedging demand (speculators' risk-capacity) increase hedging costs via price-pressure on futures, reduce producers' inventory holdings, and thus spot prices. Consistent with our model, producers' default risk forecasts futures returns, spot pri...

Energy prices and agricultural commodity prices: Testing correlation using copulas method

International Nuclear Information System (INIS)

Koirala, Krishna H.; Mishra, Ashok K.; D'Antoni, Jeremy M.; Mehlhorn, Joey E.

2015-01-01

The linear relationships between energy prices and prices for agricultural commodities such as corn and soybeans may have been affected, over the last several years, by policy legislations in the farm sector, the Energy Independence and Security Act of 2007, and the Renewable Fuel Standard Program for 2014. Using high-frequency data and newer methodology, this study investigates dependence between agricultural commodity futures prices and energy futures prices. Results reveal that agricultural commodity and energy future prices are highly correlated and exhibit positive and significant relationship. Findings from this study highlight that an increase in energy price increases the price of agricultural commodities. - Highlights: • Energy policy mandates production of 15 billion gallons of corn ethanol by 2015. • Energy-intensive agriculture has a link between energy sector and crop production costs. • We investigate correlation between energy prices and agricultural commodity prices. • Agricultural commodity and energy future prices are highly correlated. • Increase in energy price increases the price of agricultural commodity

Commodity risk management

Directory of Open Access Journals (Sweden)

Hilary Till

2016-09-01

Full Text Available This article discusses the practical issues involved in applying a disciplined risk management methodology to commodity futures trading. Accordingly, the paper shows how to apply methodologies derived from both conventional asset management and hedge fund management to futures trading. The article also discusses some of the risk management issues that are unique to leveraged futures trading.

A Preference-Free Formula to Value Commodity Derivatives

NARCIS (Netherlands)

Rodriguez, J.C.

2007-01-01

This paper studies a new model of commodity prices in which the stochastic convenience yield is an affine function of past commodity returns. While preserving market completeness, the model exhibits price nonstationarity and mean reversion under the martingale measure, and, as a consequence, it is

COMMODITY CURRENCIES: UM FENÔMENO REAL NO BRASIL?

Directory of Open Access Journals (Sweden)

Rodrigo Branco

Full Text Available RESUMO Este trabalho tem por objetivo investigar o possível enquadramento que a moeda brasileira, o real, possa ter no modelo de commodity currencies. As evidências encontradas mostram uma correlação significativa da trajetória percorrida pelo real na última década com o esquema de commodity currencies, em que a taxa de câmbio do país tende a acompanhar a evolução dos preços internacionais das commodities, grupo de produtos básicos advindos principalmente dos setores agrícola e mineral.

Commodity Market Inefficiencies and Inflationary Pressures - India’s Economic Policy Dilemma

Directory of Open Access Journals (Sweden)

Pankaj Kumar GUPTA

2012-11-01

Full Text Available With the current pace of growth, India would emerge as a major player in the international market in terms of commodity consumption, production and trade. Going by trade volume and also the possibly as an identifiable influence on the price making process on the essential commodities, the futures and spot markets have shown major variations. Increased volatility in asset prices has been a major reason behind the integration of domestic financial markets with the international financial sector accentuating the demand for the trading in the derivative market. Though organized commodity trading has been in from the nineteenth century in India, the commodity derivative markets in the new form with nationwide electronic trading and access have opened the gates for speculators, hedgers and other market participants to capitalize on the development. The robust growth of the commodity markets can be observed in terms of number of commodities trade volumes and growing number of both the market participants and the commodity exchanges. Liquidity booms reflected by loose monetary policy are responsible for major surge in commodity prices globally in addition to direct tangible impacts of oil prices especially in developing countries with heavy oil imports like India. Futures markets are created to fulfill genuine desires economic functions of hedging and price discovery. But, enormous futures trading observed on the commodity exchanges have raised a host of issues like inflation guided by the fuelling principle implying the direct relationship between volatility and inflation. Huge price volatility in futures segment on the commodity exchanges has therefore raised concerns relating to the market efficiencies, infrastructure and knowledge and also their consequential impact on cash markets. The demand and supply side of the commodity price mechanism is traditionally governed by numerous factors including the climatic conditions, availability of critical

Energy efficient SDN commodity switch based practical flow forwarding method

KAUST Repository

AlGhadhban, Amer

2016-07-04

Recent SDN researches suffer from over-accumulation of unhealthy flow-load. Instead, we leverage the SDN controller network view to encode the end-to-end path information into the packet address. Our solution EncPath significantly reduces the flow-table size and the number of control messages. Consequently, the power consumption of network switches is in orders of magnitude less than other evaluated solutions. It also provides flow management flexibility and scalability. We compare EncPath with single and multipath routing solutions and single path solution. Also, we operated them in proactive and reactive modes. We find that EncPath flow entries in core switches in a multihomed fat-tree with 144 hosts is approximately 1000 times smaller than Equal-Cost MultiPath (ECMP) and random routing. Additionally, the number of control messages to setup the network is reduced by a factor of 200×. This, consequently, affords data-plane and control-plane devices space to process other tasks. © 2016 IEEE.

Flows of tourists, commodities and investment : The Case of China

NARCIS (Netherlands)

Ebbers, H.A.; Zhang, J.; Zhou, C.

2011-01-01

Globalization’s impact on the world economy has made it one of the most popular points of discussion in the past two decades. It not only causes drastic changes in trade relations, capital flows and tourist flows across the world but also creates a web of connections between national economies. No

Alcohol as international commodity; Alcool como 'commodity' internacional

Energy Technology Data Exchange (ETDEWEB)

Negrao, Luiz Celso Parisi [Ministerio do Desenvolvimento, Industria e Comercio Exterior, Brasilia, DF (Brazil). Secretaria de Tecnologia Industrial]. E-mail: luiz.negrao@desenvolvimento.gov.br; Urban, Maria Lucia de Paula

2004-12-15

The ethanol is able to reduce the gas emissions, mainly in CO2 balance which gives a strong contribution for this fact. Using the alcohol rather than fossil fuels is a natural choice as a important renewable energy source. Also, to have the alcohol as international environmental commodity is the goal of all interested in this matter, since the entry into force the Kyoto protocol, with the Russian approval.

On the global economic potentials and marginal costs of non-renewable resources and the price of energy commodities

International Nuclear Information System (INIS)

Mercure, Jean-François; Salas, Pablo

2013-01-01

A model is presented in this work for simulating endogenously the evolution of the marginal costs of production of energy carriers from non-renewable resources, their consumption, depletion pathways and timescales. Such marginal costs can be used to simulate the long term average price formation of energy commodities. Drawing on previous work where a global database of energy resource economic potentials was constructed, this work uses cost distributions of non-renewable resources in order to evaluate global flows of energy commodities. A mathematical framework is given to calculate endogenous flows of energy resources given an exogenous commodity price path. This framework can be used in reverse in order to calculate an endogenous marginal cost of production of energy carriers given an exogenous carrier demand. Using rigid price inelastic assumptions independent of the economy, these two approaches generate limiting scenarios that depict extreme use of natural resources. This is useful to characterise the current state and possible uses of remaining non-renewable resources such as fossil fuels and natural uranium. The theory is however designed for use within economic or technology models that allow technology substitutions. In this work, it is implemented in the global power sector model FTT:Power. Policy implications are given. - Highlights: • Theoretical model to forecast marginal costs of non-renewable resources. • Tracks the consumption and costs of non-renewable resources. • For use in economic or technology models

A study on the systematization of commodity classification

International Nuclear Information System (INIS)

Tae, Jae Woong; Shin, Dong Hoon

2012-01-01

International community is trying to prevent the spread of WMD (Weapons of Mass Destruction), especially nuclear weapons. These efforts result in the declaration of UNSC Resolution 1540 in 2004, which made export controls the international norms for all nations in the world. Korea enacted Foreign Trade Act in 1989 to adhere to the export control standards worldwide. Export control system in Korea consists of commodity classification system and export license system. The commodity classification system is used to identify strategic commodity. The Export License system is used to verify that exports have met the conditions required by the international export control system. NSG guidelines, the NSG handbook and Public Notice on Trade of Strategic Items are used to classify items and technology However, some items or technology in NSG guidelines should be especially designed or prepared (EDP). It is difficult to determine which items or technology is strategic commodity because EDP criteria are qualitative. NSG or participant states don't provide clear criteria to classify items and technology but recommend establishing standards autonomously. Hence the result of deliberation on the same items and technology may be different by reviewer's experience, knowledge and governmental policy. It causes confusion of reviewers and export companies In this research, commodity classification systematization by EDP criteria's clarification was performed to increase consistency and efficiency

Comparing Critical Capitalist Commodity Chains in the Early Twenty-first Century: Opportunities For and Constraints on Labor and Political Movements

Directory of Open Access Journals (Sweden)

Elizabeth Sowers

2015-08-01

Full Text Available There have been a number of critical historical opportunities for labor to exert power by interrupting long distance flows of commodities at the extraction, processing, and transport stages. This vulnerability has been used by workers in these industries to gain higher wages and better working conditions and to achieve political goals in national and international arenas. In this paper, we compare two commodity chains that are critical components of the global economy. The first, which we describe as transport, is a broad category involving a range of manufactured goods, whose delivery to customers around the world was fundamentally changed in the past fifty years via "containerization" and "the logistics revolution." The second is oil and gas, which also has experienced recently dramatic changes in both extraction (via "tar sands" and "[racking" and transportation. In each case, we discuss possibilities and challenges for labor and political organizing to disrupt capital in these key commodity chains. We identify the "stakes" in each commodity chain by demonstrating the vulnerabilities on which labor and political organizations/movements could capitalize, which usually stem from the capital intensity and global integration of each critical commodity chain. These vulnerabilities are the factors which form the most basic opportunities for organizing in these sectors. Our analysis further suggests that while transport and raw materials remain vulnerable nodes in capitalist commodity chains, there are also constraints and challenges to be faced by labor and social movement organizations (SMOs that might attempt to leverage power over these circuits of the world-economy.

Modelling the rand and commodity prices: A Granger causality and cointegration analysis

Directory of Open Access Journals (Sweden)

Xolani Ndlovu

2014-11-01

Full Text Available This paper examines the ‘commodity currency’ hypothesis of the Rand, that is, the postulate that the currency moves in line with commodity prices, and analyses the associated causality using nominal data between 1996 and 2010. We address both the short run and long run relationship between commodity prices and exchange rates. We find that while the levels of the series of both assets are difference stationary, they are not cointegrated. Further, we find the two variables are negatively related, with strong and significant causality running from commodity prices to the exchange rate and not vice versa, implying exogeneity in the determination of commodity prices with respect to the nominal exchange rate. The strength of the relationship is significantly weaker than other OECD commodity currencies. We surmise that the relationship is dynamic over time owing to the portfolio-rebalance argument and the Commodity Terms of Trade (CTT effect and, in the absence of an error correction mechanism, this disconnect may be prolonged. For commodity and currency market participants, this implies that while futures and forward commodity prices may be useful leading indicators of future currency movements, the price risk management strategies may need to be recalibrated over time.

Study on the Perceived Risk about the Online Shopping for Fresh Agricultural Commodities and Customer Acquisition

Institute of Scientific and Technical Information of China (English)

Lingling; HUANG; Juan; FENG; Fengxian; YAN

2014-01-01

Fresh agricultural commodities have been entering the era of network marketing. However,the coverage population is still relatively small. In this paper,more than 400 online shopping customer survey data are statistically analyzed based on perceived risk multidimensional model by factor analysis method to classify the potential customers’ perceived risk,concluding that food safety risks,mental health risk,relative convenience risk,liquidity risk,privacy risk and time risk are the most important risk factors that impact potential customers online shopping of fresh agricultural commodities. By using customers prediction model which is based on the classification and prediction methods to mining potential customers,it comes to the conclusion that men are more likely to purchase fresh agricultural commodities online,specifically,in the male sample,those whose average monthly net purchase cost equals to or is higher than 51 yuan or whose online shopping time equals to or is longer than 3 years and at the same time whose age is younger than 30 are the most potential customers. Finally,it puts forward corresponding countermeasures and suggestions from the perspectives of risk control and effective customer acquisition.

Multiple pathways of commodity crop expansion in tropical forest landscapes

Science.gov (United States)

Meyfroidt, Patrick; Carlson, Kimberly M.; Fagan, Matthew E.; Gutiérrez-Vélez, Victor H.; Macedo, Marcia N.; Curran, Lisa M.; DeFries, Ruth S.; Dyer, George A.; Gibbs, Holly K.; Lambin, Eric F.; Morton, Douglas C.; Robiglio, Valentina

2014-07-01

Commodity crop expansion, for both global and domestic urban markets, follows multiple land change pathways entailing direct and indirect deforestation, and results in various social and environmental impacts. Here we compare six published case studies of rapid commodity crop expansion within forested tropical regions. Across cases, between 1.7% and 89.5% of new commodity cropland was sourced from forestlands. Four main factors controlled pathways of commodity crop expansion: (i) the availability of suitable forestland, which is determined by forest area, agroecological or accessibility constraints, and land use policies, (ii) economic and technical characteristics of agricultural systems, (iii) differences in constraints and strategies between small-scale and large-scale actors, and (iv) variable costs and benefits of forest clearing. When remaining forests were unsuitable for agriculture and/or policies restricted forest encroachment, a larger share of commodity crop expansion occurred by conversion of existing agricultural lands, and land use displacement was smaller. Expansion strategies of large-scale actors emerge from context-specific balances between the search for suitable lands; transaction costs or conflicts associated with expanding into forests or other state-owned lands versus smallholder lands; net benefits of forest clearing; and greater access to infrastructure in already-cleared lands. We propose five hypotheses to be tested in further studies: (i) land availability mediates expansion pathways and the likelihood that land use is displaced to distant, rather than to local places; (ii) use of already-cleared lands is favored when commodity crops require access to infrastructure; (iii) in proportion to total agricultural expansion, large-scale actors generate more clearing of mature forests than smallholders; (iv) property rights and land tenure security influence the actors participating in commodity crop expansion, the form of land use displacement

Multiple pathways of commodity crop expansion in tropical forest landscapes

International Nuclear Information System (INIS)

Meyfroidt, Patrick; Lambin, Eric F; Carlson, Kimberly M; Fagan, Matthew E; DeFries, Ruth S; Gutiérrez-Vélez, Victor H; Macedo, Marcia N; Curran, Lisa M; Dyer, George A; Gibbs, Holly K; Morton, Douglas C; Robiglio, Valentina

2014-01-01

Commodity crop expansion, for both global and domestic urban markets, follows multiple land change pathways entailing direct and indirect deforestation, and results in various social and environmental impacts. Here we compare six published case studies of rapid commodity crop expansion within forested tropical regions. Across cases, between 1.7% and 89.5% of new commodity cropland was sourced from forestlands. Four main factors controlled pathways of commodity crop expansion: (i) the availability of suitable forestland, which is determined by forest area, agroecological or accessibility constraints, and land use policies, (ii) economic and technical characteristics of agricultural systems, (iii) differences in constraints and strategies between small-scale and large-scale actors, and (iv) variable costs and benefits of forest clearing. When remaining forests were unsuitable for agriculture and/or policies restricted forest encroachment, a larger share of commodity crop expansion occurred by conversion of existing agricultural lands, and land use displacement was smaller. Expansion strategies of large-scale actors emerge from context-specific balances between the search for suitable lands; transaction costs or conflicts associated with expanding into forests or other state-owned lands versus smallholder lands; net benefits of forest clearing; and greater access to infrastructure in already-cleared lands. We propose five hypotheses to be tested in further studies: (i) land availability mediates expansion pathways and the likelihood that land use is displaced to distant, rather than to local places; (ii) use of already-cleared lands is favored when commodity crops require access to infrastructure; (iii) in proportion to total agricultural expansion, large-scale actors generate more clearing of mature forests than smallholders; (iv) property rights and land tenure security influence the actors participating in commodity crop expansion, the form of land use displacement

Statistical microeconomics and commodity prices: theory and empirical results.

Science.gov (United States)

Baaquie, Belal E

2016-01-13

A review is made of the statistical generalization of microeconomics by Baaquie (Baaquie 2013 Phys. A 392, 4400-4416. (doi:10.1016/j.physa.2013.05.008)), where the market price of every traded commodity, at each instant of time, is considered to be an independent random variable. The dynamics of commodity market prices is given by the unequal time correlation function and is modelled by the Feynman path integral based on an action functional. The correlation functions of the model are defined using the path integral. The existence of the action functional for commodity prices that was postulated to exist in Baaquie (Baaquie 2013 Phys. A 392, 4400-4416. (doi:10.1016/j.physa.2013.05.008)) has been empirically ascertained in Baaquie et al. (Baaquie et al. 2015 Phys. A 428, 19-37. (doi:10.1016/j.physa.2015.02.030)). The model's action functionals for different commodities has been empirically determined and calibrated using the unequal time correlation functions of the market commodity prices using a perturbation expansion (Baaquie et al. 2015 Phys. A 428, 19-37. (doi:10.1016/j.physa.2015.02.030)). Nine commodities drawn from the energy, metal and grain sectors are empirically studied and their auto-correlation for up to 300 days is described by the model to an accuracy of R(2)>0.90-using only six parameters. © 2015 The Author(s).

Quarterly Web Interfaced Commodity Reporting

Data.gov (United States)

US Agency for International Development — QWICR is a secure, online Title II commodity reporting system accessible to USAID Missions, PVO Cooperating Sponsors and Food for Peace Officers. QWICR provides PVO...

Outlook '98 - Commodity markets

International Nuclear Information System (INIS)

Simard, T.

1998-01-01

Canadian oil and natural gas producers'' participation in commodity and foreign exchange markets to alter the pricing characteristics of their commodity portfolios was reviewed. It was concluded that through the various risk management structures available from financial and physical market participants, Canadian oil and gas producers retain the ongoing ability to design, pro-actively, their desired exposure to oil and gas prices. Various industry-wide re-examination of risk management programs have taken place during the past two years. Based on these studies, the industry anticipates material volatility in West Texas Intermediate (WTI) oil and Alberta natural gas prices throughout 1998. Furthermore, there is considerable uncertainty surrounding the price differentials between WTI crude and Canadian oil streams, and between Alberta gas prices and other North American regional gas markets. Against this background of uncertainty, it is reasonable to predict that companies will use risk management strategies in an effort to outperform industry average prices, thereby ensuring that pro-active risk management activity will continue throughout 1998

5 CFR 1315.13 - Commodity Credit Corporation payments.

Science.gov (United States)

2010-01-01

... 5 Administrative Personnel 3 2010-01-01 2010-01-01 false Commodity Credit Corporation payments... PAYMENT § 1315.13 Commodity Credit Corporation payments. As provided in § 1315.1(d), the provisions of... Credit Corporation (CCC) pursuant to Section 4(h) of the Act of June 29, 1948 (15 U.S.C. 714b(h)) (“CCC...

Using commodity-indexed financing to fund OPEC/Alaska's development projects

International Nuclear Information System (INIS)

Essayyad, Musa

1992-01-01

An impediment to the process of economic diversification in OPEC and Alaska is the lack of favourable access to local and international capital markets to finance development projects, particularly mineral resource development. This paper highlights the importance of commodity-indexed bonds, including oil- and gold- indexed bonds, as a financing alternative to supplement the supply shortage of loanable funds from conventional, local and international commercial banks. The indexation concept is discussed, features of different bonds issued to date are contrasted and the benefits and risks for borrowers and investors are highlighted. An analysis is made of the experience of OPEC and Alaska in using commodity-indexed bonds and the feasibility of Alaska and some OPEC countries entering into commodity-linked-financed joint ventures is examined. Future prospects for commodity-linked bonds are explored. Not withstanding the fact that the immediate market timing is unfavourable, the long-term benefits of commodity-indexed securities are recognized. (U.K.)

Legal status and organizational structure of commodities excange in Slovakia

Directory of Open Access Journals (Sweden)

Nada Petričević

2011-07-01

Full Text Available Commodities exchange is an important element of market economy of a country. Being an organized commodities and capital market, it goes beyond the trade in a trade fair and particular trade in real commodities. It includes trading in exchangeable goods by standard label. As foundation of commodities exchange is expected in Croatia, the paper will explicate its status and operation in Slovakia, an EU member state that is similar to our country. The paper will focus on the legal status and organizational structure of consumer goods market in Bratislava. Although it has existed for just over 15 years, it is important to note that it actually goes back to the pre-Second World War Czechoslovakia. Also, to provide better understanding of its functioning, regulations defining the foundation and functioning of the commodities market will also be presented as well as the profile, method and types of operations, together with its positive effects.

77 FR 25319 - Commodity Options

Science.gov (United States)

2012-04-27

..., merchants, SDs, commodity funds, futures industry organizations, academics and think tanks, a U.S... particular (i.e., optionality in a contract settling by physical delivery that is used to meet varying demand...

Food and Feed Commodity Vocabulary

Science.gov (United States)

Food and Feed Vocabulary was developed to consolidate all the major OPP Commodity Vocabularies into one standardized vocabulary. The EPA-preferred term is the only term that can be used in setting tolerances.

Bulk flow in the combined 2MTF and 6dFGSv surveys

Science.gov (United States)

Qin, Fei; Howlett, Cullan; Staveley-Smith, Lister; Hong, Tao

2018-04-01

We create a combined sample of 10,904 late and early-type galaxies from the 2MTF and 6dFGSv surveys in order to accurately measure bulk flow in the local Universe. Galaxies and groups of galaxies common between the two surveys are used to verify that the difference in zero-points is <0.02 dex. We introduce a new maximum likelihood estimator (ηMLE) for bulk flow measurements which allows for more accurate measurement in the presence non-Gaussian measurement errors. To calibrate out residual biases due to the subtle interaction of selection effects, Malmquist bias and anisotropic sky distribution, the estimator is tested on mock catalogues generated from 16 independent large-scale GiggleZ and SURFS simulations. The bulk flow of the local Universe using the combined data set, corresponding to a scale size of 40 h-1 Mpc, is 288 ± 24 km s-1 in the direction (l, b) = (296 ± 6°, 21 ± 5°). This is the most accurate bulk flow measurement to date, and the amplitude of the flow is consistent with the ΛCDM expectation for similar size scales.

Sources of contraceptive commodities for users in Nigeria.

Directory of Open Access Journals (Sweden)

Boniface A Oye-Adeniran

2005-11-01

Full Text Available BACKGROUND: Understanding the sources of contraceptive commodities is an important aspect of the delivery of family planning services and is required by planning programme managers for strategic planning purposes. Findings from the 2003 Nigeria Demographic and Health Survey have previously showed that the private sector was the most frequently reported source of contraceptive supply, providing contraception to two and a half times as many women as the public sector. We conducted a community-based study to examine further the sources of contraceptive commodity for users in Nigeria with a view to identifying their preferences for distribution centres. This information would be useful to improve commodity distribution and to build the necessary capacity for satisfactory delivery of contraceptives. METHODS AND FINDINGS: A multi-stage random sampling technique was used. A state was randomly selected to represent each of the four health zones in Nigeria. Two local government areas (LGAs were then selected representing both urban and rural areas. Ten enumeration areas were subsequently selected from each LGA. Of the 2,001 respondents aged 15-49 years, 1,647 (82.3% were sexually active, out of which 244 were found to be using contraceptive methods at the time of the study, giving a contraceptive prevalence of 14.8%. The commonest source of information on contraceptives was through friends (34%, followed by the radio (11.5% and husbands (10.2%. Most respondents procured their contraceptives from chemist/patent medicine shops (19.7%, while only 0.8% obtained them from designated family planning clinics. The younger groups in this study (15-24 years, single people, Catholics, and Muslims, showed a greater preference for chemist/patent medicine shops for their sources of contraceptives. The older groups and married respondents, however, made use of government and private hospitals to obtain their contraceptives. CONCLUSION: Strategies to increase

7 CFR 1599.9 - Damage to or loss of commodities.

Science.gov (United States)

2010-01-01

..., DEPARTMENT OF AGRICULTURE McGOVERN-DOLE INTERNATIONAL FOOD FOR EDUCATION AND CHILD NUTRITION PROGRAM § 1599.9... commodities, the participant shall arrange for the recovery of that portion of the donated commodities...

Estimates of immediate effects on world markets of a hypothetical disruption to Russia’s supply of six mineral commodities

Science.gov (United States)

Safirova, Elena; Barry, James J.; Hastorun, Sinan; Matos, Grecia R.; Perez, Alberto Alexander; Bedinger, George M.; Bray, E. Lee; Jasinski, Stephen M.; Kuck, Peter H.; Loferski, Patricia J.

2017-05-18

The potential immediate effects of a hypothetical shock to Russia’s supply of selected mineral commodities on the world market and on individual countries were determined and monetized (in 2014 U.S. dollars). The mineral commodities considered were aluminum (refined primary), nickel (refined primary), palladium (refined) and platinum (refined), potash, and titanium (mill products), and the regions and countries of primary interest were the United States, the European Union (EU–28), and China. The shock is assumed to have infinite duration, but only the immediate effects, those limited by a 1-year period, are considered.A methodology for computing and monetizing the potential impacts was developed. Then the data pertaining to all six mineral commodities were collected and the most likely effects were computed. Because of the uncertainties associated with some of the data, sensitivity analyses were conducted to confirm the validity of the results.Results indicate that the impact on the United States arising from a shock to Russia’s supply, in terms of the value of net exports, would range from a gain of \\$336 million for titanium mill products to a loss of \\$237 million for potash; thus, the overall effect of a supply shock is likely to be quite modest. The study also demonstrates that, taken alone, Russia’s share in the world production of a particular commodity is not necessarily indicative of the size of potential impacts resulting from a supply shock; other factors, such as prices, domestic production, and the structure of international commodity flows were found to be important as well.

The Influence of Agricultural Commodity on F&B Company’s Performance in Indonesia

Directory of Open Access Journals (Sweden)

Rofikoh Rokhim

2013-04-01

Full Text Available This research examines the influence of agricultural commodity price movements on stock price and gross profit of food and beverage companies in Indonesia, as well as the effect of volatility prices of agricultural commodities. Using time series data of food and beverages (F&B companies that are listed at the Indonesia Stock Exchange (IDX, this research calculating the event studies to find the abnormal returns. The results showed that the movement of agricultural commodity prices has a positive effect on stock prices of F&B companies, with the dominant influence of commodity prices of corn and sugar. Agricultural commodity prices also affect positively on gross profit F&B companies, with the dominant influence of commodity prices of corn and palm oil. The increase in prices of agricultural commodities simultaneously affect the value of a positive cumulative abnormal return for stocks of F&B companies. The results also showed that the decline of agricultural commodities simultaneously affect the value of negative cumulative abnormal return for stocks of F&B companies.

World oil and agricultural commodity prices: Evidence from nonlinear causality

International Nuclear Information System (INIS)

Nazlioglu, Saban

2011-01-01

The increasing co-movements between the world oil and agricultural commodity prices have renewed interest in determining price transmission from oil prices to those of agricultural commodities. This study extends the literature on the oil-agricultural commodity prices nexus, which particularly concentrates on nonlinear causal relationships between the world oil and three key agricultural commodity prices (corn, soybeans, and wheat). To this end, the linear causality approach of Toda-Yamamoto and the nonparametric causality method of Diks-Panchenko are applied to the weekly data spanning from 1994 to 2010. The linear causality analysis indicates that the oil prices and the agricultural commodity prices do not influence each other, which supports evidence on the neutrality hypothesis. In contrast, the nonlinear causality analysis shows that: (i) there are nonlinear feedbacks between the oil and the agricultural prices, and (ii) there is a persistent unidirectional nonlinear causality running from the oil prices to the corn and to the soybeans prices. The findings from the nonlinear causality analysis therefore provide clues for better understanding the recent dynamics of the agricultural commodity prices and some policy implications for policy makers, farmers, and global investors. This study also suggests the directions for future studies. - Research highlights: → This study determines the price transmission mechanisms between the world oil and three key agricultural commodity prices (corn, soybeans, and wheat). → The linear and nonlinear cointegration and causality methods are carried out. → The linear causality analysis supports evidence on the neutrality hypothesis. → The nonlinear causality analysis shows that there is a persistent unidirectional causality from the oil prices to the corn and to the soybeans prices.

Boom or bust : developing countries' rough ride on the commodity price rollercoaster

International Nuclear Information System (INIS)

Brown, O.; Gibson, J.

2006-10-01

Current high commodity prices are driven by strong demand from the emerging economies of China and India in addition to high consumption in the United States. Many developing countries are experiencing massive windfall revenues from high commodity prices. However, commodity prices are highly volatile in the short term, and can vary as much as 50 per cent in a single year. While developed country producers are supported by subsidies and social safety nets, developing countries and smallholder producers feel the extent of commodity price volatility more directly. Many developing countries are becoming locked into the production and export of primary commodities whose volatile prices are declining over the long term, and over which they have very little control. Price volatility makes sound fiscal planning difficult for both countries and producers. Price booms and busts also drive social inequalities, livelihood inequalities, and corruption. Price swings can cause conflict over valuable land and resources, and does not create incentives for sound environmental stewardship. This paper described the impacts of commodity price volatility in developing countries with the aim of promoting discussion about what can be done to help stabilize revenues for countries as well as producers. Price trends and their importance were reviewed, and the theoretical benefits of liberalized commodity markets were examined. Previous attempts to stabilize commodity prices were reviewed. It was concluded that the best long-term solution to the commodity price problem is economic diversification. Recommendations for promoting economic diversification were provided. 43 refs., 1 tab., 2 figs

Is women's labor a commodity?

Science.gov (United States)

Anderson, Elizabeth S

1990-01-01

...A commercial surrogate mother is anyone who is paid money to bear a child for other people and terminate her parental rights, so that the others may raise the child as exclusively their own. The growth of commercial surrogacy has raised with new urgency a class of concerns regarding the proper scope of the market. Some critics have objected to commercial surrogacy on the ground that it improperly treats children and women's reproductive capacities as commodities. The prospect of reducing children to consumer durables and women to baby factories surely inspires revulsion. But are there good reasons behind the revulsion? And is this an accurate description of what commercial surrogacy implies? This article offers a theory about what things are properly regarded as commodities which supports the claim that commercial surrogacy constitutes an unconscionable commodification of children and of women's reproductive capacities.

The Secret, Cultural Property and the Construction of the Spiritual Commodity

Directory of Open Access Journals (Sweden)

Guy Redden

2012-09-01

Full Text Available A randomised survey in Texas found that 22 per cent of the public identified themselves as consumers of New Age media. Despite widespread recognition of the ‘spiritual supermarket’ there has been little sustained analysis of the production of spiritual commodities and related issues of cultural property. This article presents a case study of the bestselling spiritual self-help book and DVD The Secret, which features various teachers and sacred wisdom traditions seen to hold the key to the meaning of life—but which has also been the subject of copyright disputes. Through this example the article examines ways informational commodities are produced by transforming freely available spiritual traditions into intellectual property for a contemporary market in self-help products. Two related tensions raised by this reconstruction are explored. The first is between cooperation and competition in the liberal New Age milieu where entrepreneurs present marginally differentiated goods and services side-by-side. In contrast with exclusionary organisation of religious doctrine, freedom to adapt the lingua franca of holistic spirituality allows for coefficiency among providers, but also new forms of ownership distinction, as exemplified by The Secret. The second tension is between these private property relations and the corporate cultural property of the custodians of knowledge traditions that are commodified. The Secret, as with much New Age syncretism and multiculturalism, depends upon particular processes of transvaluation that inscribe diversity as positive by rendering selected instantiations of it equivalent—in this case through universalising the therapeutic value of specific traditions have for modern life. Drawing in particular upon debates about New Age use of Indigenous Australian knowledges, the author questions how the reworking of wisdom into a commodity may bear upon the ethnocultural significance of sacred traditions and upon other

Regulations in the commodity trading sector: should the commodity trading industry in Switzerland be more regulated and, if so, how ?

OpenAIRE

Volchkov, Nikola; Lewis, Brian

2017-01-01

Commodity trading is a sector which is essential to our development and prosperity as well as economic growth. It is relatively unknown and perceived differently depending on the viewpoint of the observer. Many think of the exploitation of resources in resource rich countries, others only of the transport of goods from producers to consumers and others focus on “speculation” and its association with financial markets which can create risk. Given the importance of commodity trading across the ...

HESTIA Commodities Exchange Pallet and Sounding Rocket Test Stand

Science.gov (United States)

Chaparro, Javier

2013-01-01

During my Spring 2016 internship, my two major contributions were the design of the Commodities Exchange Pallet and the design of a test stand for a 100 pounds-thrust sounding rocket. The Commodities Exchange Pallet is a prototype developed for the Human Exploration Spacecraft Testbed for Integration and Advancement (HESTIA) program. Under the HESTIA initiative the Commodities Exchange Pallet was developed as a method for demonstrating multi-system integration thru the transportation of In-Situ Resource Utilization produced oxygen and water to a human habitat. Ultimately, this prototype's performance will allow for future evaluation of integration, which may lead to the development of a flight capable pallet for future deep-space exploration missions. For HESTIA, my main task was to design the Commodities Exchange Pallet system to be used for completing an integration demonstration. Under the guidance of my mentor, I designed, both, the structural frame and fluid delivery system for the commodities pallet. The fluid delivery system includes a liquid-oxygen to gaseous-oxygen system, a water delivery system, and a carbon-dioxide compressors system. The structural frame is designed to meet safety and transportation requirements, as well as the ability to interface with the ER division's Portable Utility Pallet. The commodities pallet structure also includes independent instrumentation oxygen/water panels for operation and system monitoring. My major accomplishments for the commodities exchange pallet were the completion of the fluid delivery systems and the structural frame designs. In addition, parts selection was completed in order to expedite construction of the prototype, scheduled to begin in May of 2016. Once the commodities pallet is assembled and tested it is expected to complete a fully integrated transfer demonstration with the ISRU unit and the Environmental Control and Life Support System test chamber in September of 2016. In addition to the development of

Budget Constraints Affect Male Rats' Choices between Differently Priced Commodities.

Science.gov (United States)

van Wingerden, Marijn; Marx, Christine; Kalenscher, Tobias

2015-01-01

Demand theory can be applied to analyse how a human or animal consumer changes her selection of commodities within a certain budget in response to changes in price of those commodities. This change in consumption assessed over a range of prices is defined as demand elasticity. Previously, income-compensated and income-uncompensated price changes have been investigated using human and animal consumers, as demand theory predicts different elasticities for both conditions. However, in these studies, demand elasticity was only evaluated over the entirety of choices made from a budget. As compensating budgets changes the number of attainable commodities relative to uncompensated conditions, and thus the number of choices, it remained unclear whether budget compensation has a trivial effect on demand elasticity by simply sampling from a different total number of choices or has a direct effect on consumers' sequential choice structure. If the budget context independently changes choices between commodities over and above price effects, this should become apparent when demand elasticity is assessed over choice sets of any reasonable size that are matched in choice opportunities between budget conditions. To gain more detailed insight in the sequential choice dynamics underlying differences in demand elasticity between budget conditions, we trained N=8 rat consumers to spend a daily budget by making a number of nosepokes to obtain two liquid commodities under different price regimes, in sessions with and without budget compensation. We confirmed that demand elasticity for both commodities differed between compensated and uncompensated budget conditions, also when the number of choices considered was matched, and showed that these elasticity differences emerge early in the sessions. These differences in demand elasticity were driven by a higher choice rate and an increased reselection bias for the preferred commodity in compensated compared to uncompensated budget conditions

Budget Constraints Affect Male Rats’ Choices between Differently Priced Commodities

Science.gov (United States)

Kalenscher, Tobias

2015-01-01

Demand theory can be applied to analyse how a human or animal consumer changes her selection of commodities within a certain budget in response to changes in price of those commodities. This change in consumption assessed over a range of prices is defined as demand elasticity. Previously, income-compensated and income-uncompensated price changes have been investigated using human and animal consumers, as demand theory predicts different elasticities for both conditions. However, in these studies, demand elasticity was only evaluated over the entirety of choices made from a budget. As compensating budgets changes the number of attainable commodities relative to uncompensated conditions, and thus the number of choices, it remained unclear whether budget compensation has a trivial effect on demand elasticity by simply sampling from a different total number of choices or has a direct effect on consumers’ sequential choice structure. If the budget context independently changes choices between commodities over and above price effects, this should become apparent when demand elasticity is assessed over choice sets of any reasonable size that are matched in choice opportunities between budget conditions. To gain more detailed insight in the sequential choice dynamics underlying differences in demand elasticity between budget conditions, we trained N=8 rat consumers to spend a daily budget by making a number of nosepokes to obtain two liquid commodities under different price regimes, in sessions with and without budget compensation. We confirmed that demand elasticity for both commodities differed between compensated and uncompensated budget conditions, also when the number of choices considered was matched, and showed that these elasticity differences emerge early in the sessions. These differences in demand elasticity were driven by a higher choice rate and an increased reselection bias for the preferred commodity in compensated compared to uncompensated budget

SUBJECTIVITY UNDER CONSUMERISM: THE TOTALIZATION OF THE SUBJECT AS A COMMODITY

Directory of Open Access Journals (Sweden)

Marlon Xavier

2016-08-01

Full Text Available Abstract This theoretical work discusses consumerism's processes of subjectivation and their psychological consequences. Its regime is studied through its social imaginary and its totalitarian character: the discourse of advertising, as a global hegemon, absorbs all forms of discourse and signification, thereby actualizing capitalism's telos - the colonization of the Lebenswelt under a great imperative: everything must become a commodity, especially the subject. A process of totalization of subjectivity occurs under a commodification logic centered on the representation: every image must be transformed into commodity-signs. Thus the consumption imaginary appears as a totalizing ideology, functioning as archaic représentations collectives (Durkheim and simulating a religious imaginary. It mass-produces subjectivity through participation mystique (Lévy-Bruhl with its commodity-signs (and their fetish and the whole imaginary. Its subject is defined as a bricolage of consumable commodity-signs, being therefore eternally fluid, performative, and ethereal. Thus it produces an anthropological mutation, the commodity-subject: a disposable, empty, thoroughly commodified self.

Impact assessment of commodity standards

NARCIS (Netherlands)

Ruben, Ruerd

2017-01-01

Voluntary commodity standards are widely used to enhance the performance of tropical agro-food chains and to support the welfare and sustainability of smallholder farmers. Different methods and approaches are used to assess the effectiveness and impact of these certification schemes at

The impact of commodity price and conservation policy scenarios on deforestation and agricultural land use in a frontier area within the Amazon

NARCIS (Netherlands)

Verburg, R.W.; Rodrigues Filho, S.; Lindoso, D.; Debortoli, N.; Litre, G.; Bursztyn, M.

2014-01-01

Deforestation in the Amazon is caused by the complex interplay of different drivers. Price of commodities such as beef and soya, and incoming migration are paramount factors. Construction of new highways is a key aspect, as they enable a growing flow of people and economic activities, provoking an

ASSESSING THE GOVERNANCE FOR COMMODITY PRICE STABILIZATION - A RETROSPECTIVE LOOK

Directory of Open Access Journals (Sweden)

Pop Larisa Nicoleta

2015-07-01

Full Text Available The volatility of commodity prices has become once again a matter of profound and controversial debates for both political and academic spheres worldwide in the framework of the global economy severely distressed by the recent economic turbulences. Although commodity markets were already notorious for their price instability, the events the world economy experienced in the years 2000s offered new connotations to this phenomenon. In the first decade of this millennium, the commodity markets have struggled with high volatility, with prices reaching historical peaks just to crash dramatically some months later and very soon to restart their rise. The significant increase in volatility generated many debates about its triggering factors, the implications in terms of risk exposure of economic actors, but also the need for reconfiguring regulatory policy frameworks. The quest for the most appropriate means to deal with commodity price turbulences has known different stages over the years. Decision makers worldwide have sought alternatives, formulated and tested various mechanisms whose central aim was to mitigate price fluctuations. Governments formulate and implement consistent regulatory policies whose international coordination is a ‘sine qua non’ condition for stabilizing these markets. However, the turbulences on commodity markets often generate policy responses that sometimes exacerbate rather than mitigate the price instability. The purpose of this paper is to assess the subject of governance regarding commodity price stabilization, offering a retrospective look at the mechanisms implemented over the years, with a central focus on the International Commodity Agreements – instruments through which in the previous decades the producer and consumer governments worldwide pursued price stabilization for some key commodities like sugar, coffee, cocoa, tin and natural rubber. After analyzing the effectiveness of the International Agreements and

Industrial commodity statistics yearbook 2001. Production statistics (1992-2001)

International Nuclear Information System (INIS)

2003-01-01

This is the thirty-fifth in a series of annual compilations of statistics on world industry designed to meet both the general demand for information of this kind and the special requirements of the United Nations and related international bodies. Beginning with the 1992 edition, the title of the publication was changed to industrial Commodity Statistics Yearbook as the result of a decision made by the United Nations Statistical Commission at its twenty-seventh session to discontinue, effective 1994, publication of the Industrial Statistics Yearbook, volume I, General Industrial Statistics by the Statistics Division of the United Nations. The United Nations Industrial Development Organization (UNIDO) has become responsible for the collection and dissemination of general industrial statistics while the Statistics Division of the United Nations continues to be responsible for industrial commodity production statistics. The previous title, Industrial Statistics Yearbook, volume II, Commodity Production Statistics, was introduced in the 1982 edition. The first seven editions in this series were published under the title The Growth of World industry and the next eight editions under the title Yearbook of Industrial Statistics. This edition of the Yearbook contains annual quantity data on production of industrial commodities by country, geographical region, economic grouping and for the world. A standard list of about 530 commodities (about 590 statistical series) has been adopted for the publication. The statistics refer to the ten-year period 1992-2001 for about 200 countries and areas

Industrial commodity statistics yearbook 2002. Production statistics (1993-2002)

International Nuclear Information System (INIS)

2004-01-01

This is the thirty-sixth in a series of annual compilations of statistics on world industry designed to meet both the general demand for information of this kind and the special requirements of the United Nations and related international bodies. Beginning with the 1992 edition, the title of the publication was changed to industrial Commodity Statistics Yearbook as the result of a decision made by the United Nations Statistical Commission at its twenty-seventh session to discontinue, effective 1994, publication of the Industrial Statistics Yearbook, volume I, General Industrial Statistics by the Statistics Division of the United Nations. The United Nations Industrial Development Organization (UNIDO) has become responsible for the collection and dissemination of general industrial statistics while the Statistics Division of the United Nations continues to be responsible for industrial commodity production statistics. The previous title, Industrial Statistics Yearbook, volume II, Commodity Production Statistics, was introduced in the 1982 edition. The first seven editions in this series were published under the title 'The Growth of World industry' and the next eight editions under the title 'Yearbook of Industrial Statistics'. This edition of the Yearbook contains annual quantity data on production of industrial commodities by country, geographical region, economic grouping and for the world. A standard list of about 530 commodities (about 590 statistical series) has been adopted for the publication. The statistics refer to the ten-year period 1993-2002 for about 200 countries and areas

Industrial commodity statistics yearbook 2000. Production statistics (1991-2000)

International Nuclear Information System (INIS)

2002-01-01

This is the thirty-third in a series of annual compilations of statistics on world industry designed to meet both the general demand for information of this kind and the special requirements of the United Nations and related international bodies. Beginning with the 1992 edition, the title of the publication was changed to industrial Commodity Statistics Yearbook as the result of a decision made by the United Nations Statistical Commission at its twenty-seventh session to discontinue, effective 1994, publication of the Industrial Statistics Yearbook, volume I, General Industrial Statistics by the Statistics Division of the United Nations. The United Nations Industrial Development Organization (UNIDO) has become responsible for the collection and dissemination of general industrial statistics while the Statistics Division of the United Nations continues to be responsible for industrial commodity production statistics. The previous title, Industrial Statistics Yearbook, volume II, Commodity Production Statistics, was introduced in the 1982 edition. The first seven editions in this series were published under the title The Growth of World industry and the next eight editions under the title Yearbook of Industrial Statistics. This edition of the Yearbook contains annual quantity data on production of industrial commodities by country, geographical region, economic grouping and for the world. A standard list of about 530 commodities (about 590 statistical series) has been adopted for the publication. Most of the statistics refer to the ten-year period 1991-2000 for about 200 countries and areas

Stationarity changes in long-run energy commodity prices

International Nuclear Information System (INIS)

Zaklan, Aleksandar; Abrell, Jan; Neumann, Anne

2016-01-01

Situated at the intersection of the literatures on speculative storage and non-renewable commodity scarcity, this paper considers whether changes in persistence have occurred in long-run U.S. prices of the energy commodities crude oil, natural gas and bituminous coal. We allow for a structural break when testing for a break in persistence to avoid a change in the stochastic properties of prices being confounded by an unaccounted-for deterministic shift in the price series. We find that coal prices are trend stationary throughout their evolution and that oil prices change from stationarity to non-stationarity in the decade between the late 1960s to late 1970s. The result on gas prices is ambiguous. Our results demonstrate the importance of accounting for a possible structural shift when testing for breaks in persistence, while being robust to the exact date of the structural break. Based on our analysis we caution against viewing long-run energy commodity prices as being non-stationary and conclude in favor of modeling commodity market fundamentals as stationary, meaning that speculative storage will tend to have a dampening effect on prices. We also cannot reject that long-run prices of coal and, with some hesitation, gas follow a Hotelling-type rule. In contrast, we reject the Hotelling rule for oil prices since the late 1960s/early 1970s. - Highlights: • This paper contributes to the literatures on speculative storage and scarcity. • We test if long-run U.S. coal, oil and gas prices became non-stationary. • We pre-test for structural breaks when testing for changes in persistence. • Coal prices are found to be trend stationary, oil prices become non-stationary. • We caution against modeling commodity market fundamentals as non-stationary.

A two-commodity perishable inventory system | Sivakumar | ORiON

African Journals Online (AJOL)

We present a two-commodity perishable stochastic inventory system under continuous review at a service facility with a finite waiting room. The maximum storage capacity for the i-th item is fixed as Si (i = 1,2). We assume that a demand for the i-th commodity is of unit size. The arrival instants of customers to the service ...

A Study on Market Efficiency of Selected Commodity Derivatives Traded on NCDEX During 2011

Science.gov (United States)

Sajipriya, N.

2012-10-01

The study aims at testing the weak form of Efficient Market Hypothesis in the context of an emerging commodity market - National Commodity Derivatives Exchange (NCDEX), which is considered as the prime commodity derivatives market in India. The study considered daily spot and futures prices of five selected commodities traded on NCDEX over 12 month period (the futures contracts originating and expiring during the period January 2011 to December 2011) The five commodities chosen are Pepper, Crude palm Oil, steel silver and Chana as they account for almost two-thirds of the value of agricultural commodity derivatives traded on NCDEX. The results of Run test indicate that both spot and futures prices are weak form efficient

Cross-correlations between RMB exchange rate and international commodity markets

Science.gov (United States)

Lu, Xinsheng; Li, Jianfeng; Zhou, Ying; Qian, Yubo

2017-11-01

This paper employs multifractal detrended analysis (MF-DFA) and multifractal detrended cross-correlation analysis (MF-DCCA) to study cross-correlation behaviors between China's RMB exchange rate market and four international commodity markets, using a comprehensive set of data covering the period from 22 July 2005 to 15 March 2016. Our empirical results from MF-DFA indicate that the RMB exchange rate is the most inefficient among the 4 selected markets. The results from quantitative analysis have testified the existence of cross-correlations and the result from MF-DCCA have further confirmed a strong multifractal behavior between RMB exchange rate and international commodity markets. We also demonstrate that the recent financial crisis has significant impact on the cross-correlated behavior. Through the rolling window analysis, we find that the RMB exchange rates and international commodity prices are anti-persistent cross-correlated. The main sources of multifractality in the cross-correlations are long-range correlations between RMB exchange rate and the aggregate commodity, energy and metals index.

Price formation and transmission along the food commodity chain

Directory of Open Access Journals (Sweden)

Ivana Blažková

2012-01-01

Full Text Available The article is focused on analysis of price transmission along the wheat commodity chain in the Czech Republic, with the distinction on wheat products with low value added (wheat flour, respectively high value added (wheat rolls. The degree of vertical price transmission is measured to identify potential market failures, because asymmetric price transmission can be the result of existence of market power within the food commodity chain. The data basis is made up from monthly prices on partial markets of the analyzed commodity chain published by Czech Statistical Office and Ministry of Agriculture of the Czech Republic. The monitored time period is from January 2000 till October 2009. The analysis is based on calculation of the price transmission elasticity coefficient (evaluation of price transmission along the chain and the intensity of dependency of positive and negative inter-market price differences (evaluation whether positive or negative price changes are better transmitted among particular vertical markets. Time lag is tested as well. The assessment of price transmission along the wheat commodity chain confirmed the existence of market power especially on the retail stage and low impact of price changes of farm prices on final consumer food prices.

Optimal Nonlinear Pricing, Bundling Commodities and Contingent Services

International Nuclear Information System (INIS)

Podesta, Marion; Poudou, Jean-Christophe

2008-01-01

In this paper, we propose to analyze optimal nonlinear pricing when a firm offers in a bundle a commodity and a contingent service. The paper studies a mechanism design where all private information can be captured in a single scalar variable in a monopoly context. We show that to propose the package for commodity and service is less costly for the consumer, the firm has lower consumers' rent than the situation where it sells their good and contingent service under an independent pricing strategy. In fact, the possibility to use price discrimination via the supply of package is dominated by the fact that it is costly for the consumer to sign two contracts. Bundling energy and a contingent service is a profitable strategy for a energetician monopoly practising optimal nonlinear tariff. We show that the rates of the energy and the contingent service depend to the optional character of the contingent service and depend to the degree of complementarity between commodities and services. (authors)

Sorting out commodity and macroeconomic risk in expected stock returns

NARCIS (Netherlands)

Boons, M.F.

2014-01-01

The dissertation consists of three essays in asset pricing. Chapter I is motivated by the recent surge in institutional investment in commodity futures markets. The chapter studies how commodity risk is priced in stock and futures markets and asks whether this risk premium is time-varying with these

Radiation processing of food and agricultural commodities

International Nuclear Information System (INIS)

Sharma, Arun

2014-01-01

Reducing post-harvest food losses is becoming increasingly important for sustaining food supplies. Appropriate post-harvest processing, handling, storage and distribution practices are as important as the efforts to increase productivity for improving food security, food safety and international trade in agricultural commodities. Preservation of food by ionizing radiation involves controlled application of energy of ionizing radiation such as gamma rays, X-rays, and accelerated electrons to agricultural commodities, food products and ingredients, for improving their storage life, hygiene and safety. The process employs either gamma rays emitted by radioisotopes such as cobalt-60 or high-energy electrons or X-rays generated from machine sources

Balancing detail and scale in assessing transparency to improve the governance of agricultural commodity supply chains

Science.gov (United States)

Godar, Javier; Suavet, Clément; Gardner, Toby A.; Dawkins, Elena; Meyfroidt, Patrick

2016-03-01

To date, assessments of the sustainability of agricultural commodity supply chains have largely relied on some combination of macro-scale footprint accounts, detailed life-cycle analyses and fine-scale traceability systems. Yet these approaches are limited in their ability to support the sustainability governance of agricultural supply chains, whether because they are intended for coarser-grained analyses, do not identify individual actors, or are too costly to be implemented in a consistent manner for an entire region of production. Here we illustrate some of the advantages of a complementary middle-ground approach that balances detail and scale of supply chain transparency information by combining consistent country-wide data on commodity production at the sub-national (e.g. municipal) level with per shipment customs data to describe trade flows of a given commodity covering all companies and production regions within that country. This approach can support supply chain governance in two key ways. First, enhanced spatial resolution of the production regions that connect to individual supply chains allows for a more accurate consideration of geographic variability in measures of risk and performance that are associated with different production practices. Second, identification of key actors that operate within a specific supply chain, including producers, traders, shippers and consumers can help discriminate coalitions of actors that have shared stake in a particular region, and that together are capable of delivering more cost-effective and coordinated interventions. We illustrate the potential of this approach with examples from Brazil, Indonesia and Colombia. We discuss how transparency information can deepen understanding of the environmental and social impacts of commodity production systems, how benefits are distributed among actors, and some of the trade-offs involved in efforts to improve supply chain sustainability. We then discuss the challenges and

The Modeling of Logistics and Coordination of the Rate of Commodities Production with the Rate of their Disposal

Directory of Open Access Journals (Sweden)

Sherstennykov Yuriy V.

2016-08-01

Full Text Available The economic objective of the modern high-tech enterprise is the optimal expansion of its own market niche and bringing the production capacities in accordance with the current demand for the products. An important role in this respect is played by issues of optimal organization of the enterprise logistics, marketing analysis of the current demand and effective advertising campaign aimed at maximal use of the available production capacity and creation of proper conditions for developing, in particular for increasing the production capacities. The purpose of the article is the elaboration of economic and mathematical models of enterprise production activity taking into account the logistics and market demand; the use of the elaborated model to harmonize the rate of production of everyday commodities with the rate of their disposal. Two variants of the enterprise logistics schemes are analyzed. The influence of the advertising company on expanding the enterprise market niche is studied. A model that allows conducting a detailed study of the influence of market conditions on the pace of sales has been developed. It is appropriate to apply the model for the integrated coordination of the production rate of commodities of everyday demand with the dynamics of flows of commodities and services disposal.

BULK FLOWS FROM GALAXY LUMINOSITIES: APPLICATION TO 2MASS REDSHIFT SURVEY AND FORECAST FOR NEXT-GENERATION DATA SETS

International Nuclear Information System (INIS)

Nusser, Adi; Branchini, Enzo; Davis, Marc

2011-01-01

We present a simple method for measuring cosmological bulk flows from large redshift surveys, based on the apparent dimming or brightening of galaxies due to their peculiar motion. It is aimed at estimating bulk flows of cosmological volumes containing large numbers of galaxies. Constraints on the bulk flow are obtained by minimizing systematic variations in galaxy luminosities with respect to a reference luminosity function measured from the whole survey. This method offers two advantages over more popular bulk flow estimators: it is independent of error-prone distance indicators and of the poorly known galaxy bias. We apply the method to the Two Micron All Sky Survey redshift survey to measure the local bulk flows of spherical shells centered on the Milky Way (MW). The result is consistent with that obtained by Nusser and Davis using the SFI++ catalogue of Tully-Fisher distance indicators. We also make an assessment of the ability of the method to constrain bulk flows at larger redshifts (z = 0.1-0.5) from next-generation data sets. As a case study we consider the planned EUCLID survey. Using this method we will be able to measure a bulk motion of ∼200 km s -1 of 10 6 galaxies with photometric redshifts, at the 3σ level for both z ∼ 0.15 and z ∼ 0.5. Thus, the method will allow us to put strong constraints on dark energy models as well as alternative theories for structure formation.

Integrated Electrochemical Processes for CO₂ Capture and Conversion to Commodity Chemicals

Energy Technology Data Exchange (ETDEWEB)

Hatton, T. Alan [Massachusetts Inst. of Technology (MIT), Cambridge, MA (United States); Jamison, Timothy [Massachusetts Inst. of Technology (MIT), Cambridge, MA (United States)

2013-09-30

The Massachusetts Institute of Technology (MIT) and Siemens Corporations (SCR) are developing new chemical synthesis processes for commodity chemicals from CO₂. The process is assessed as a novel chemical sequestration technology that utilizes CO₂ from dilute gas streams generated at industrial carbon emitters as a raw material to produce useful commodity chemicals. Work at Massachusetts Institute of Technology (MIT) commenced on October 1st, 2010, and finished on September 30th, 2013. During this period, we have investigated and accomplished five objectives that mainly focused on converting CO₂ into high-value chemicals: 1) Electrochemical assessment of catalytic transformation of CO₂ and epoxides to cyclic carbonates; 2) Investigation of organocatalytic routes to convert CO₂ and epoxide to cyclic carbonates; 3) Investigation of CO₂ Capture and conversion using simple olefins under continuous flow; 4) Microwave assisted synthesis of cyclic carbonates from olefins using sodium bicarbonates in a green pathway; 5) Life cycle analyses of integrated chemical sequestration process. In this final report, we will describe the detailed study performed during the three year period and findings and conclusions drawn from our research.

Construction Method of Display Proposal for Commodities in Sales Promotion by Genetic Algorithm

Science.gov (United States)

Yumoto, Masaki

In a sales promotion task, wholesaler prepares and presents the display proposal for commodities in order to negotiate with retailer's buyers what commodities they should sell. For automating the sales promotion tasks, the proposal has to be constructed according to the target retailer's buyer. However, it is difficult to construct the proposal suitable for the target retail store because of too much combination of commodities. This paper proposes a construction method by Genetic algorithm (GA). The proposed method represents initial display proposals for commodities with genes, improve ones with the evaluation value by GA, and rearrange one with the highest evaluation value according to the classification of commodity. Through practical experiment, we can confirm that display proposal by the proposed method is similar with the one constructed by a wholesaler.

The Commodity Form of Safety Information

Directory of Open Access Journals (Sweden)

Rodrigo Finkelstein

2015-10-01

Full Text Available The production of safety information is deemed a vital resource to protect human lives at the work site. The injury rate, lost days, incapacity rate, and fatality rate, are key indicators to prop up labour risk awareness and identify job hazards. However, safety information gets highly distorted because it does not only measure risk but serves as a means of exchange. It determines the amount of money to be swapped between Workers’ Compensation Boards and their client corporations. Moreover, as a depository of exchange value, safety information tends to exert pressure over social reality rather than just being a passive reflection of it. This paper discloses the commodity form of safety information. Based on a political economy of information framework, it identifies, describes, and analyses the safety information commodity in its active role of organizing safety and labour health.

Optimal power flow: a bibliographic survey I. Formulations and deterministic methods

Energy Technology Data Exchange (ETDEWEB)

Frank, Stephen [Colorado School of Mines, Department of Electrical Engineering and Computer Science, Golden, CO (United States); Steponavice, Ingrida [University of Jyvaskyla, Department of Mathematical Information Technology, Agora (Finland); Rebennack, Steffen [Colorado School of Mines, Division of Economics and Business, Golden, CO (United States)

2012-09-15

Over the past half-century, optimal power flow (OPF) has become one of the most important and widely studied nonlinear optimization problems. In general, OPF seeks to optimize the operation of electric power generation, transmission, and distribution networks subject to system constraints and control limits. Within this framework, however, there is an extremely wide variety of OPF formulations and solution methods. Moreover, the nature of OPF continues to evolve due to modern electricity markets and renewable resource integration. In this two-part survey, we survey both the classical and recent OPF literature in order to provide a sound context for the state of the art in OPF formulation and solution methods. The survey contributes a comprehensive discussion of specific optimization techniques that have been applied to OPF, with an emphasis on the advantages, disadvantages, and computational characteristics of each. Part I of the survey (this article) provides an introduction and surveys the deterministic optimization methods that have been applied to OPF. Part II of the survey examines the recent trend towards stochastic, or non-deterministic, search techniques and hybrid methods for OPF. (orig.)

Commodity-based Approach for Evaluating the Value of Freight Moving on Texas’ Roadway Network

Science.gov (United States)

2017-12-10

The researchers took a commodity-based approach to evaluate the value of a list of selected commodities moved on the Texas freight network. This approach takes advantage of commodity-specific data sources and modeling processes. It provides a unique ...

Commodity hardware and software summary

International Nuclear Information System (INIS)

Wolbers, S.

1997-04-01

A review is given of the talks and papers presented in the Commodity Hardware and Software Session at the CHEP97 conference. An examination of the trends leading to the consideration of PC's for HEP is given, and a status of the work that is being done at various HEP labs and Universities is given

Estimating the Competitive Storage Model with Trending Commodity Prices

OpenAIRE

Gouel , Christophe; LEGRAND , Nicolas

2017-01-01

We present a method to estimate jointly the parameters of a standard commodity storage model and the parameters characterizing the trend in commodity prices. This procedure allows the influence of a possible trend to be removed without restricting the model specification, and allows model and trend selection based on statistical criteria. The trend is modeled deterministically using linear or cubic spline functions of time. The results show that storage models with trend are always preferred ...

Energy efficient SDN commodity switch based practical flow forwarding method

KAUST Repository

Alghadhban, Amer Mohammad JarAlla; Shihada, Basem

2016-01-01

-table size and the number of control messages. Consequently, the power consumption of network switches is in orders of magnitude less than other evaluated solutions. It also provides flow management flexibility and scalability. We compare EncPath with single

Analysis of commodity prices with the particle filter

International Nuclear Information System (INIS)

Aiube, Fernando Antonio Lucena; Baidya, Tara Keshar Nanda; Tito, Edison Americo Huarsaya

2008-01-01

The behavior of commodities prices is fundamental to real-asset investment decisions, hedging, and pricing financial derivatives. Schwartz and Smith [Schwartz, E.S., Smith, J.E. (2000). Short term-variations and long-term dynamics in commodity prices. Management Science, 46, 893-911.] proposed a two-factor model for describing the stochastic processes of commodity prices, in which the two factors are short-term variations and equilibrium prices. These are both unobserved state variables that are estimated using the Kalman filter. The estimation is based on the observation of future prices for different maturities. The authors have carried out this process without incorporating jumps in the short-term variation of prices. Here we aim to demonstrate that the inclusion of jumps better explains the behavior of oil prices, and in fact creates difficulties in the estimation of state variables. This is because the variables become non-Gaussian so the Kalman filter is not recommended. Another methodology, called the particle filter, is more suitable in this case, and we describe its application in this article

Cointegration and error correction modelling of agricultural commodity trade: The case of ASEAN agricultural exports to the EU

Directory of Open Access Journals (Sweden)

J. NIEMI

2008-12-01

dynamic econometric models estimated in the study are then used to simulate the effects different types of trade policies.More specifically,attempts are made to quantify the effects of a unilateral tariff remo al by the EU,an imposition of export subsidies and taxes by the ASEAN countries as well as exchange rate adjustments on ASEAN agricultural exports to the EU. The results suggest that concepts such as cointegration and error correction specification are well suited for the study of agricultural trade flows,which are typically non-stationary time series.The error correction specification is found to provide a good representation of the data-generating process for agricultural commodity flows from ASEAN countries to the EU.Furthermore,the study shows the importance of inspection of the time series properties and the examination of both short-and long-run adjustment when studying trade functions.The different dynamic responses are often critical to the outcomes of the types of trade policies considered.;

COMPETITIVENESS OF LEADING COMMODITIES TO SUPPORT DEVELOPING REGION OF AGROTOURISM

Directory of Open Access Journals (Sweden)

Murwatiningsih Murwatiningsih

2013-10-01

Full Text Available AbstractThe aim of the research is to seek the competitiveness of the leading commodity in Semarang city which supports the development of centre commodity in agrotourism area. The method of analysis is leading sector, scoring analysis and capacity asessment through FGD. The result of the research reveals that leading commodities are Durian, Longan, Water Apple, and Rambutan. It is found that subdistrict Gunungpati and Mangunsari are ready to be the centre of horticulture commodity because its strategic location. It is located nearby Jatibarang reservoir (potential to be a tourism village, its cultivation is relatively successful, accessable transportation, and good management. Hence, it can be the pilot project area.Key words: competitiveness, centre, commodity, horticultureJEL Classification: O20, Q10AbstrakKesejahteraan petani tidak meningkat karena daya saingnya rendah dan pengelolannya tidak optimal. Tujuan penelitian, untuk melihat daya saing komoditas unggulan Kota Semarang untuk mendukung pengembangan sentra komoditas di kawasan agrowisata. Metode analisis yaitu sektor basis, analisis scoring serta capacity assessment melalui FGD. Hasil penelitian menunjukkan komoditas yang diunggulkan di Gunungpati adalah durian, klengkeng, jambu air dan rambutan. Kelurahan Gunungpati dan Mangunsari siap dijadikan sentra komoditas hortikultura di Kecamatan Gunungpati karena letaknya strategis- dekat dengan waduk Jatibarang (dapat menjadi desa wisata, budidaya relatif lebih berhasil, transportasi dan akseptibilitas lebih mudah, pengelolaannya bagus sehingga sudah menjadi daerah percontohan.Kata Kunci: daya saing, sentra, komoditas, hortikulturJEL Classification: O20, Q10

Trends and volatility in sub Saharan Africa’s key primary commodity exports

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Matthew Ocran

2013-02-01

Full Text Available Using a GARCH model the paper sought to test the hypothesis that price volatility of key Sub Saharan Africa primary commodity exports, have not changed over the past four decades. Whilst crude oil, aluminium, cocoa and six others have not experienced significant change in price volatility over the period, nine other major commodities recorded changes. Efforts need to be made to extensively diversify the portfolio of agricultural commodity exports by including new products of which price volatilities in the past decades have been reduced. This is crucial for countries that depend on up to three primary commodities for the bulk of their foreign exchange earnings. Other measures such as value addition can also help in reducing impacts of unfavourable price movements.

Market interdependence among commodity prices based on information transmission on the Internet

Science.gov (United States)

Ji, Qiang; Guo, Jian-Feng

2015-05-01

Human behaviour on the Internet has become a synchro-projection of real society. In this paper, we introduce the public concern derived from query volumes on the Web to empirically analyse the influence of information on commodity markets (e.g., crude oil, heating oil, corn and gold) using multivariate GARCH models based on dynamic conditional correlations. The analysis found that the changes of public concern on the Internet can well depict the changes of market prices, as the former has significant Granger causality effects on market prices. The findings indicate that the information of external shocks to commodity markets could be transmitted quickly, and commodity markets easily absorb the public concern of the information-sensitive traders. Finally, the conditional correlation among commodity prices varies dramatically over time.

76 FR 37797 - Application to Export Electric Energy; Freepoint Commodities, LLC

Science.gov (United States)

2011-06-28

... DEPARTMENT OF ENERGY [OE Docket No. EA-380] Application to Export Electric Energy; Freepoint... application. SUMMARY: Freepoint Commodities, LLC has requested authority to transmit electric energy from the... Commodities requesting authority to transmit electric energy from the United States to Canada for ten years as...

Agricultural and oil commodities: price transmission and market integration between US and Italy

Directory of Open Access Journals (Sweden)

Franco Rosa

2014-08-01

Full Text Available Purpose of this article it to get some evidences of market interaction between United States and Italy using the time series analysis of spot prices spanning from January 1999 to May 2012 for crude oil and three ag-commodities: wheat, corn and soybean. These crops have been selected for their relevance in ag-commodity exchanges between US and Italy markets. The integration between US and Italy agricultural markets is hypothesized for the consistent volume of crop traded between these two countries while the price transmission is related to the leading price signals of the CBT (Chicago Board of Trade. The integration between oil and ag-commodity markets is suggested both by the large use of energy intensive inputs, (fertilizer, seed, machinery in production of these ag-commodities, and their use in biofuel production. The results suggest: a for US market the evidence of market integration between crude oil and US ag-commodities; b for Italy the integration with US ag-commodity markets and less evidence of integration with the oil market. These results are valuable information both for the agents and policy makers contributing to improve the information accuracy to predict the price movements used by marketing operators for their strategies and policy makers to set up policies to re-establish conditions of market efficiency and allocate these ag-commodities in alternative market channels.

The crucial relationship among energy commodity prices: Evidence from the Spanish electricity market

International Nuclear Information System (INIS)

Moutinho, Victor; Vieira, Joel; Carrizo Moreira, Antonio

2011-01-01

The main purpose of this article is twofold to analyze: (a) the long-term relation among the commodities prices and between spot electricity market price and commodity prices, and (b) the short-term dynamics among commodity prices and between electricity prices and commodity prices. Data between 2002 and 2005 from the Spanish electricity market was used. Econometric methods were used in the analysis of the commodity spot price, namely the vector autoregression model, the vector error correction model and the granger causality test. The co-integration approach was used to analyze the long-term relationship between the common stochastic trends of four fossil fuel prices. One of the findings in the long-term relation is that the prices of fuel and the prices of Brent are intertwined, though the prices of Brent ten to 'move' to reestablish the price equilibrium. Another finding is that the price of electricity is explained by the evolution of the natural gas series. - Highlights: → We model energy commodity prices in the Spanish electricity market. → We examine the short and long-term relationships among commodities prices. → We examine short and long-term relationships using co-integration techniques. → We found that in the long run the prices of fuel and Brent are intertwined. → The evolution of price of electricity is explained by the evolution of price of gas.

Commodities Trading: An Essential Economic Tool.

Science.gov (United States)

Welch, Mary A., Ed.

1989-01-01

This issue focuses on commodities trading as an essential economic tool. Activities include critical thinking about marketing decisions and discussion on how futures markets and options are used as important economic tools. Discussion questions and a special student project are included. (EH)

Commodities and Switzerland: Development Policy Challenges and Policy Options

Directory of Open Access Journals (Sweden)

Werner Thut

2013-09-01

Full Text Available EDITOR’S NOTEThis paper, written in December 2012, is a contribution to the ‘Policy Debate’ section of the International Development Policy. In this section, academics, policy makers and practitioners engage in a dialogue on global development challenges. Papers are copy-edited but not peer-reviewed. Instead, an initial thematic contribution is followed by critical comments and reactions from different stakeholders. This paper by Werner Thut is followed by reactions and analysis from a non-profit policy institute (Alexandra Gillies, Revenue Watch Institute, New York, ‘Crafting a Strategic Response to the Commodity-Development Conundrum’, a Southern scholar (Prof. Humberto Campodonico, Universidad Nacional Mayor de San Marcos, Lima ‘Going Beyond Transparency and Good Governance’ | ‘Más allá de la transparencia y una buena gobernanza’ and a representative of the trading sector (Stéphane Graber, Secretary General of Geneva Trading & Shipping Association – ‘Reassessing the Merchants’ Role in a Globalized Economy’.PAPER’S ABSTRACTSwitzerland is one of the world’s largest commodity trading hub. The author, senior policy adviser at the Swiss Agency for Development and Cooperation (SDC, reviews experiences and policy options related to commodity trading from a development policy perspective. While this sector has become of strategic importance to Switzerland’s economy, it also entails a number of risks. On the other hand, Swiss development cooperation efforts focus on several resource-rich countries, whose mineral and agricultural commodities are traded via Switzerland. How can Switzerland assist these countries to reap the benefits of their natural resource wealth? This paper looks at development policy aspects of commodity trading in relation to Swiss foreign and domestic policy. It examines ongoing policy debates in Switzerland and discusses development policy options.

Determinants of prices increase of agricultural commodities in a global context1

Directory of Open Access Journals (Sweden)

Borychowski Michał

2015-12-01

Full Text Available The main objective of this article is to present the determinants of increase in agricultural commodity prices after 2006. The other specific aim is to show the factors affecting agricultural raw materials and food prices in the global context. This article is a review paper of the determinants of recent commodity and food prices spikes. However, it provides an outlook on these determinants that were the most important for the increases in the last decade. The last part of the article (conclusions to some extent is a synthesis of considerations and includes the authors’ opinions concerning determinants and an attempt to identify which ones were the most important in the growth of agricultural commodity prices. These increases in agricultural commodity prices resulted from many factors and it is very difficult to separate the individual impact of each of them, because they occurred in parallel. However, it is possible to indicate several main reasons for these price increases, which are: adverse changes in supply-demand relations in agricultural markets, increases in oil prices (and increases of the volatility of those prices, development of biofuel production from agricultural commodities (the first generation biofuels, dollar depreciation, an increase in operations of a speculative nature on commodity markets and improper economic policy that created an environment for the growth of prices of agricultural products.

Natural gas : a highly lucrative commodity

International Nuclear Information System (INIS)

Anon.

2000-01-01

Exploration and production of natural gas has become highly profitable as natural gas is becoming a leading future commodity. With new technology, high demand and environmental benefits, natural gas is the preferred choice over petroleum as the leading source of energy to heat home and businesses. Canada is the world's third largest producer of natural gas with its Sable Offshore Energy Project being the fourth largest producing natural gas basin in North America. The basin will produce high quality sweet natural gas from 28 production wells over the course of the next 20 to 25 years. The gas will be transported to markets through Nova Scotia, New Brunswick and into the Northeastern United States via the Maritimes and Northeast Pipeline. The 1051 kilometer underground gas pipeline is currently running laterals to Halifax, Nova Scotia and Saint John, New Brunswick. Market studies are being conducted to determine if additional lines are needed to serve Cape Breton, Prince Edward Island and northern New Brunswick. A recent survey identified the following 5 reasons to convert to natural gas: (1) it is safe, (2) it is reliable, (3) it is easy to use, (4) it is cleaner burning and environmentally friendly compared to other energy sources, and (5) it saves the consumer money

22 CFR 201.64 - Application of the price rules to commodities.

Science.gov (United States)

2010-04-01

.... 201.64 Section 201.64 Foreign Relations AGENCY FOR INTERNATIONAL DEVELOPMENT RULES AND PROCEDURES... purchase price of a commodity exceeds the price in comparable export sales or in comparable domestic sales... the determination of any prevailing market price of any commodity or any prevailing price or maximum...

Towards a Gendered Agro-Commodity Approach

Directory of Open Access Journals (Sweden)

Primrose Nakazibwe

2015-08-01

Full Text Available Commodity or value chains are the dominant means to channel agro-food products from cultivators to consumers. Direct open markets are either non-existent or insignificant . These chains are also the main mechanisms for integrating underprivileged groups into the world economy. Why do global value chains generate sorrow for many and joy for a few, and why are these outcomes heavily gender biased? To look for answers this article critically reviews the post-2000 and earlier gender literature by proponents and opponents of the mainstream value chain approach. The purpose is to provide a methodological contribution on the integration of gender into the commodity chain approach. Most studies have fo cused on the economic effects of chain dynamics on women in agricultural product and labor markets. Some have extended this reasoning with social and cultural effects. Despite these advances, analytical gaps still exist as most existing research has concentrated on the agricultural nodes of modern, high value chains and lacks a gendered conceptual foundation. Scarce attention has been given to traditional staple crops, non-agricultural nodes, and feed back effects of gender relations on the chain. Our results indicate that an appropriate GCC approach should also consider the gendered impacts of the interaction between the governance structure and the institutiona l embeddedness, as well as the consequences of intra-household division of resources and labor in all stages of the chain. These two conceptual complements will be needed to explain the opportunities and constraints to improve gender equity in traditional and modern agro-commodity chains.

Nutrient flows in international trade: Ecology and policy issues

International Nuclear Information System (INIS)

Grote, Ulrike; Craswell, Eric; Vlek, Paul

2005-01-01

Impacts of increasing population pressure on food demand and land resources has sparked interest in nutrient balances and flows at a range of scales. West Asia/North Africa, China, and sub-Saharan Africa are net importers of NPK in agricultural commodities. These imported nutrients do not, however, redress the widely recognized declines in fertility in sub-Saharan African soils, because the nutrients imported are commonly concentrated in the cities, creating waste disposal problems rather than alleviating deficiencies in rural soils. Countries with a net loss of NPK in agricultural commodities are the major food exporting countries-the United States, Australia, and some Latin American countries. In the case of the United States, exports of NPK will increase from 3.1 Tg in 1997 to 4.8 Tg in 2020. The results suggest that between 1997 and 2020, total international net flows of NPK in traded agricultural commodities will double to 8.8 million tonnes. Against this background, the paper analyses the impact of different policy measures on nutrient flows and balances. This includes not only the effects of agricultural trade liberalization and the reduction of subsidies, but also the more direct environmental policies like nutrient accounting schemes, eco-labeling, and nutrient trading. It finally stresses the need for environmental costs to be factored into the debate on nutrient management and advocates more inter-disciplinary research on these important problems

DESIGNING GREEN SUPPORT: INCENTIVE COMPATIBILITY AND THE COMMODITY PROGRAMS

OpenAIRE

Runge, C. Ford

1994-01-01

The purpose of this brief analysis is to consider the potential points of contact between a program of "green support" and the existing commodity programs in U.S. agriculture. These points of contact may take the form of conflict, complementarity, or neutrality. We shall assume initially that green support is "added" to the programs as they exist in 1994. Five main commodity program areas are considered: A. Deficiency payments resulting from the loan rate/target price structure B. Acreage red...

[Research progress on standards of commodity classes of Chinese materia medica and discussion on several key problems].

Science.gov (United States)

Yang, Guang; Zeng, Yan; Guo, Lan-Ping; Huang, Lu-Qi; Jin, Yan; Zheng, Yu-Guang; Wang, Yong-Yan

2014-05-01

Standards of commodity classes of Chinese materia medica is an important way to solve the "Lemons Problem" of traditional Chinese medicine market. Standards of commodity classes are also helpful to rebuild market mechanisms for "high price for good quality". The previous edition of commodity classes standards of Chinese materia medica was made 30 years ago. It is no longer adapted to the market demand. This article researched progress on standards of commodity classes of Chinese materia medica. It considered that biological activity is a better choice than chemical constituents for standards of commodity classes of Chinese materia medica. It is also considered that the key point to set standards of commodity classes is finding the influencing factors between "good quality" and "bad quality". The article also discussed the range of commodity classes of Chinese materia medica, and how to coordinate standards of pharmacopoeia and commodity classes. According to different demands, diversiform standards can be used in commodity classes of Chinese materia medica, but efficacy is considered the most important index of commodity standard. Decoction pieces can be included in standards of commodity classes of Chinese materia medica. The authors also formulated the standards of commodity classes of Notoginseng Radix as an example, and hope this study can make a positive and promotion effect on traditional Chinese medicine market related research.

Digital Archiving of People Flow by Recycling Large-Scale Social Survey Data of Developing Cities

Science.gov (United States)

Sekimoto, Y.; Watanabe, A.; Nakamura, T.; Horanont, T.

2012-07-01

Data on people flow has become increasingly important in the field of business, including the areas of marketing and public services. Although mobile phones enable a person's position to be located to a certain degree, it is a challenge to acquire sufficient data from people with mobile phones. In order to grasp people flow in its entirety, it is important to establish a practical method of reconstructing people flow from various kinds of existing fragmentary spatio-temporal data such as social survey data. For example, despite typical Person Trip Survey Data collected by the public sector showing the fragmentary spatio-temporal positions accessed, the data are attractive given the sufficiently large sample size to estimate the entire flow of people. In this study, we apply our proposed basic method to Japan International Cooperation Agency (JICA) PT data pertaining to developing cities around the world, and we propose some correction methods to resolve the difficulties in applying it to many cities and stably to infrastructure data.

PRICE GENERATING PROCESS AND VOLATILITY IN NIGERIAN AGRICULTURAL COMMODITIES MARKET

Directory of Open Access Journals (Sweden)

Osaihiomwan Ojogho

2015-10-01

Full Text Available The literature on agricultural commodity price volatility in Nigeria has constantly reflected that an excessive price movement is harmful for both producers and consumers, particularly for those who are not able to cope with that new source of economic uncertainty. It has also raised an extensive debate on the main determinants behind the large agricultural commodity price swings observed in the last years without recourse for the price generating process. To narrow this gap, the study examined the price generating process and volatility in the Nigerian agricultural commodities market using secondary data for price series on meat, cereals, sugar, dairy and aggregate food for the period of January 1990 to February 2014. The data were analysed using the linear Gaussian State-Space (SS model. The results of the descriptive statistics showed that the coefficients of variation for cereals (39.88%, food (32.65% and dairy price (43.08% were respectively higher during the overall time period (January 1990 to February 2014 than during the first (January 1990 to January 2002 and second (February 2002 to February 2014 sub-time periods. The results of the inferential statistics showed that authoregressive moving average (ARMA model is the most selected Nigeria agricultural commodity price generating model for the time periods, that a unit increase in the past price state of cereals, dairy, sugar, meat and aggregate food would increase the future price of sugar, meat and aggregate food by N0.14, N0.28 and N0.15 respectively but decrease future price of cereals and dairy by about N1.00 and N0.21 respectively, and that the one-step ahead predicted value for the first out-ofsample period for cereals, meat, dairy and sugar price were 6317.86, 10.24 and 2.06 respectively. The Nigerian agricultural commodity prices have experienced high variability over the period, and such volatility, price-generating process and the determinants of the Nigerian food commodities

Incorporating agroforestry approaches into commodity value chains.

Science.gov (United States)

Millard, Edward

2011-08-01

The productivity of tropical agricultural commodities is affected by the health of the ecosystem. Shade tolerant crops such as coffee and cocoa benefit from environmental services provided by forested landscapes, enabling landscape design that meets biodiversity conservation and economic needs. What can motivate farmers to apply and maintain such landscape approaches? Rather than rely on a proliferation of externally funded projects new opportunities are emerging through the international market that buys these commodities. As part of their growing commitment to sustainable supply chains, major companies are supporting agroforestry approaches and requiring producers and traders to demonstrate that the source of their commodities complies with a set of principles that conserves forested landscapes and improves local livelihoods. The paper presents examples of international companies that are moving in this direction, analyzes why and how they are doing it and discusses the impact that has been measured in coffee and cocoa communities in Latin America and Africa. It particularly considers the role of standards and certification systems as a driver of this commitment to promote profitable operations, environmental conservation and social responsibility throughout the coffee and cocoa value chains. Such approaches are already being taken to scale and are no longer operating only in small niches of the market but the paper also considers the limitations to growth in this market-based approach.

Incorporating Agroforestry Approaches into Commodity Value Chains

Science.gov (United States)

Millard, Edward

2011-08-01

The productivity of tropical agricultural commodities is affected by the health of the ecosystem. Shade tolerant crops such as coffee and cocoa benefit from environmental services provided by forested landscapes, enabling landscape design that meets biodiversity conservation and economic needs. What can motivate farmers to apply and maintain such landscape approaches? Rather than rely on a proliferation of externally funded projects new opportunities are emerging through the international market that buys these commodities. As part of their growing commitment to sustainable supply chains, major companies are supporting agroforestry approaches and requiring producers and traders to demonstrate that the source of their commodities complies with a set of principles that conserves forested landscapes and improves local livelihoods. The paper presents examples of international companies that are moving in this direction, analyzes why and how they are doing it and discusses the impact that has been measured in coffee and cocoa communities in Latin America and Africa. It particularly considers the role of standards and certification systems as a driver of this commitment to promote profitable operations, environmental conservation and social responsibility throughout the coffee and cocoa value chains. Such approaches are already being taken to scale and are no longer operating only in small niches of the market but the paper also considers the limitations to growth in this market-based approach.

Regime shift in fertilizer commodities indicates more turbulence ahead for food security.

Directory of Open Access Journals (Sweden)

James J Elser

Full Text Available Recent human population increase has been enabled by a massive expansion of global agricultural production. A key component of this "Green Revolution" has been application of inorganic fertilizers to produce and maintain high crop yields. However, the long-term sustainability of these practices is unclear given the eutrophying effects of fertilizer runoff as well as the reliance of fertilizer production on finite non-renewable resources such as mined phosphate- and potassium-bearing rocks. Indeed, recent volatility in food and agricultural commodity prices, especially phosphate fertilizer, has raised concerns about emerging constraints on fertilizer production with consequences for its affordability in the developing world. We examined 30 years of monthly prices of fertilizer commodities (phosphate rock, urea, and potassium for comparison with three food commodities (maize, wheat, and rice and three non-agricultural commodities (gold, nickel, and petroleum. Here we show that all commodity prices, except gold, had significant change points between 2007-2009, but the fertilizer commodities, and especially phosphate rock, showed multiple symptoms of nonlinear critical transitions. In contrast to fertilizers and to rice, maize and wheat prices did not show significant signs of nonlinear dynamics. From these results we infer a recent emergence of a scarcity price in global fertilizer markets, a result signaling a new high price regime for these essential agricultural inputs. Such a regime will challenge on-going efforts to establish global food security but may also prompt fertilizer use practices and nutrient recovery strategies that reduce eutrophication.

A Marketing Approach to Commodity Futures Exchanges : A Case Study of the Dutch Hog Industry

NARCIS (Netherlands)

Meulenberg, M.T.G.; Pennings, J.M.E.

2002-01-01

This paper proposes a marketing strategic approach to commodity futures exchanges to optimise the (hedging) services offered. First, the environment of commodity futures exchanges is examined. Second, the threats and opportunities of commodity futures exchanges are analysed. Our analysis

A strong argument for using non-commodities to generate electricity

International Nuclear Information System (INIS)

Santiago, Katarina Tatiana Marques; Campello de Souza, Fernando Menezes; Carvalho Bezerra, Diogo de

2014-01-01

An optimal control approach towards generating electricity is used to analyze the trade-off between using of primary sources which are regarded as commodities, such as fossil fuels, biomass and water to generate electricity, and exploiting these sources for their other economic uses (for example, in the petrochemical industry, in the production of fuels, in agriculture, in steelmaking, and so forth). In order to do so, a dynamic model is presented which establishes relationships between economic growth, the fossil fuel, water and biomass sectors, and energy policies, based on the application of the Pontryagin Maximum Principle. Among other results, the analysis establishes that, under the optimal path, the price of commodities for non-energy uses should be twice the price of the energy assets. This indicates that sources which are not commodities such as solar energy, wind energy, and geothermal energy, should be used to generate electricity. - Highlights: • We used an optimal control approach to analyze the trade-off between the multiple uses of energy resource. • We used a dynamic model which establishes relationships between economic growth, the fossil fuel, water and biomass sectors. • The analysis establishes that the price of commodities for non-energy uses should be twice the price of the energy assets

Value chain management for commodities: a case study from the chemical industry

NARCIS (Netherlands)

Kannegiesser, M.; Günther, H.O.; Beek, van P.; Grunow, M.; Habla, C.

2009-01-01

We present a planning model for chemical commodities related to an industry case. Commodities are standard chemicals characterized by sales and supply volatility in volume and value. Increasing and volatile prices of crude oil-dependent raw materials require coordination of sales and supply

16 CFR 500.16 - Measurement of container type commodities, how expressed.

Science.gov (United States)

2010-01-01

... commodities shall be expressed as follows: (1) For bag type commodities, in terms of count followed by linear... a dimension of 2 feet or more will be expressed in feet with any remainder in terms of inches or...) When the unit bag is gussetted, the dimensions will be expressed as width, depth and length in terms of...

Is there co-movement of agricultural commodities futures prices and crude oil?

Energy Technology Data Exchange (ETDEWEB)

Natanelov, Valeri, E-mail: valeri.natanelov@ugent.be [Department of Agricultural Economics, Ghent University, Coupure links 653, 9000 Ghent (Belgium); Alam, Mohammad J. [Department of Agricultural Economics, Ghent University, Coupure links 653, 9000 Ghent (Belgium); Department of Agribusiness and Marketing, Bangladesh Agricultural University (Bangladesh); McKenzie, Andrew M. [Department of Agricultural Economics and Agribusiness, University of Arkansas, AR (United States); Van Huylenbroeck, Guido [Department of Agricultural Economics, Ghent University, Coupure links 653, 9000 Ghent (Belgium)

2011-09-15

Even though significant attempts have appeared in literature, the current perception of co-movement of commodity prices appear inadequate and static. In particular we focus on price movements between crude oil futures and a series of agricultural commodities and gold futures. A comparative framework is applied to identify changes in relationships through time and various cointegration methodologies and causality tests are employed. Our results indicate that co-movement is a dynamic concept and that some economic and policy development may change the relationship between commodities. Furthermore we show that biofuel policy buffers the co-movement of crude oil and corn futures until the crude oil prices surpass a certain threshold. - Highlights: > We show that co-movement of commodity futures is a temporal concept. > A variation in parallel movement between 2 large periods occurs. > Biofuel policy buffers parallel movement of corn and crude oil futures

Is there co-movement of agricultural commodities futures prices and crude oil?

International Nuclear Information System (INIS)

Natanelov, Valeri; Alam, Mohammad J.; McKenzie, Andrew M.; Van Huylenbroeck, Guido

2011-01-01

Even though significant attempts have appeared in literature, the current perception of co-movement of commodity prices appear inadequate and static. In particular we focus on price movements between crude oil futures and a series of agricultural commodities and gold futures. A comparative framework is applied to identify changes in relationships through time and various cointegration methodologies and causality tests are employed. Our results indicate that co-movement is a dynamic concept and that some economic and policy development may change the relationship between commodities. Furthermore we show that biofuel policy buffers the co-movement of crude oil and corn futures until the crude oil prices surpass a certain threshold. - Highlights: → We show that co-movement of commodity futures is a temporal concept. → A variation in parallel movement between 2 large periods occurs. → Biofuel policy buffers parallel movement of corn and crude oil futures

Optimal power flow: a bibliographic survey II. Non-deterministic and hybrid methods

Energy Technology Data Exchange (ETDEWEB)

Frank, Stephen [Colorado School of Mines, Department of Electrical Engineering and Computer Science, Golden, CO (United States); Steponavice, Ingrida [Univ. of Jyvaskyla, Dept. of Mathematical Information Technology, Agora (Finland); Rebennack, Steffen [Colorado School of Mines, Division of Economics and Business, Golden, CO (United States)

2012-09-15

Over the past half-century, optimal power flow (OPF) has become one of the most important and widely studied nonlinear optimization problems. In general, OPF seeks to optimize the operation of electric power generation, transmission, and distribution networks subject to system constraints and control limits. Within this framework, however, there is an extremely wide variety of OPF formulations and solution methods. Moreover, the nature of OPF continues to evolve due to modern electricity markets and renewable resource integration. In this two-part survey, we survey both the classical and recent OPF literature in order to provide a sound context for the state of the art in OPF formulation and solution methods. The survey contributes a comprehensive discussion of specific optimization techniques that have been applied to OPF, with an emphasis on the advantages, disadvantages, and computational characteristics of each. Part I of the survey provides an introduction and surveys the deterministic optimization methods that have been applied to OPF. Part II of the survey (this article) examines the recent trend towards stochastic, or non-deterministic, search techniques and hybrid methods for OPF. (orig.)

The normal mycoflora of commodities from Thailand. 2. Beans, rice, small grains and other commodities.

Science.gov (United States)

Pitt, J I; Hocking, A D; Bhudhasamai, K; Miscamble, B F; Wheeler, K A; Tanboon-Ek, P

1994-09-01

Part of a comprehensive study of fungi occurring in commodities in Thailand, this paper reports results from 276 samples of mung beans, rice, sorghum and soybeans as well as other minor crops. Samples for major commodities were taken from farmers' stocks, middlemen and retail outlets, while those for minor crops were mostly from retail. Each sample was divided into two portions, one being examined in Bangkok and the second at North Ryde. Mycological examinations were carried out by direct plating after surface disinfection in chlorine. Media used were dichloran rose bengal chloramphenicol agar, dichloran 18% glycerol agar, Aspergillus flavus and parasiticus agar and dichloran chloramphenicol peptone agar. Fungi were identified to species level and percentage infection of samples calculated. The dominant fungus found in mung beans was Fusarium semitectum, which was present in 40% of samples and at a high level (18% of all seeds) overall. Aspergillus flavus was also found in 40% of samples, but only in 2% of seeds overall. Lasiodiplodia theobromae was the only other fungus exceeding 1% total infection. The major fungi found in soybeans were A. flavus (67% of samples; 6% overall) and Cladosporium cladosporioides (49% of samples; 9% overall). Storage fungi were more common in soybeans than the other commodities, indicating longer or adverse storage. Paddy rice contained high levels of a wide variety of field fungi, notably Fusarium semitectum, Bipolaris oryzae, and Curvularia, Phoma and Colletotrichum species. However, probably due to the heat generated by milling, milled rice contained very few fungi, which were mostly of storage origin. Only 3% of particles examined contained internal fungi. Infection in sorghum was typical of oilseeds, dominated by Aspergillus flavus, which was present in 86% of samples, with an overall infection rate of 12%. Beans other than soybeans were infected by a wide range of field fungi, but at low levels, with less than half of seeds

77 FR 37704 - Agency Information Collection Activities: Comment Request for the Industrial Minerals Surveys (40...

Science.gov (United States)

2012-06-22

... Activities: Comment Request for the Industrial Minerals Surveys (40 Forms) AGENCY: U.S. Geological Survey... the revision of the currently approved paperwork requirements for the Industrial Minerals Surveys... industrial mineral commodities, some of which are considered strategic and critical. This information will be...

Energy and Food Commodity Prices Linkage: An Examination with Mixed-Frequency Data

NARCIS (Netherlands)

Trujillo Barrera, A.A.; Pennings, J.M.E.

2013-01-01

Abstract Is the relationship between energy and agricultural commodities an important factor in the increasing price variability of food commodities? Findings from the literature appear to be mixed and highly influenced by the data frequency used in those analysis. A recurrent task in time series

75 FR 54594 - Effectiveness of Licensing Procedures for Agricultural Commodities to Cuba

Science.gov (United States)

2010-09-08

...] Effectiveness of Licensing Procedures for Agricultural Commodities to Cuba AGENCY: Bureau of Industry and... Administration Regulations for the export of agricultural commodities to Cuba. BIS will include a description of...), to Cuba. Requirements and procedures associated with such authorization are set forth in section 740...

Commodity futures and market efficiency

Czech Academy of Sciences Publication Activity Database

Krištoufek, Ladislav; Vošvrda, Miloslav

2014-01-01

Roč. 42, č. 1 (2014), s. 50-57 ISSN 0140-9883 R&D Projects: GA ČR GA402/09/0965 Grant - others:GA ČR(CZ) GAP402/11/0948 Program:GA Institutional support: RVO:67985556 Keywords : commodities * efficiency * entropy * long-term memory * fractal dimension Subject RIV: AH - Economics Impact factor: 2.708, year: 2014 http://library.utia.cas.cz/separaty/2013/E/kristoufek-0420811.pdf

CLUSTER OF INDONESIA KABUPATEN-KOTA POTENTIAL IN DEVELOPING FOOD CROP AND HORTICULTURE COMMODITIES

Directory of Open Access Journals (Sweden)

Imam Wahyudi

2016-09-01

Full Text Available Identification of potential areas in an agricultural sector is needed in order to meet the national food needs, among others, by carrying out mapping the potential areas through clustering the Kabupaten-Kota in Indonesia, especially on imported agricultural commodities of food crops and horticultures. The use of cluster analysis with top-down clustering method (K-means produces the best cluster. Of 268 regencies-cities, there are 7 clusters, namely Cluster 1 consisting of 154 regencies, Cluster 2 consisting of 2 regencies, Cluster 3 consisting of only1 regency, Cluster 4 consisting of 8 regencies, Cluster 5 consisting of 24 regencies, Cluster 6 consisting of 75 regencies, and Cluster 7 consisting of 4 regencies. Each cluster has its own dominant commodity characteristics.  The results of typology klassen on constructed clusters show that food crop and horticulture commodities have grown well and fast. Out of 13 commodities, there are 7 major commodities: Cluster 1: rice and corns; Clusters 2, 3 and 7: cassava; Cluster 4: corns, cassavas and chilly; Cluster 5: apples; Cluster 6: corns, shallots, and garlic. Six other commodities do not grow well, namely sorghum, potatoes, soybeans, peanuts, oranges, and grapes. The potential lack of an area is due to the plants’ low productivity, which is mainly because of plant pests, highly operational cost, climates and natural disasters. Keywords: imports, food crops, horticulture, cluster, and leading sector.

75 FR 65586 - Agricultural Commodity Definition

Science.gov (United States)

2010-10-26

... juice, wine and beer are ``food'' for purposes of the definition of ``agricultural commodity... beets, beet pulp (used as animal feed), raw sugar, molasses and refined sugar; honey; beer and wine... proposed herein. \\44\\ 44 U.S.C. 3501 et seq. B. Cost Benefit Analysis Section 15(a) of the CEA requires the...

DIGITAL ARCHIVING OF PEOPLE FLOW BY RECYCLING LARGE-SCALE SOCIAL SURVEY DATA OF DEVELOPING CITIES

Directory of Open Access Journals (Sweden)

Y. Sekimoto

2012-07-01

Full Text Available Data on people flow has become increasingly important in the field of business, including the areas of marketing and public services. Although mobile phones enable a person's position to be located to a certain degree, it is a challenge to acquire sufficient data from people with mobile phones. In order to grasp people flow in its entirety, it is important to establish a practical method of reconstructing people flow from various kinds of existing fragmentary spatio-temporal data such as social survey data. For example, despite typical Person Trip Survey Data collected by the public sector showing the fragmentary spatio-temporal positions accessed, the data are attractive given the sufficiently large sample size to estimate the entire flow of people. In this study, we apply our proposed basic method to Japan International Cooperation Agency (JICA PT data pertaining to developing cities around the world, and we propose some correction methods to resolve the difficulties in applying it to many cities and stably to infrastructure data.

The influence of biofuels, economic and financial factors on daily returns of commodity futures prices

International Nuclear Information System (INIS)

Algieri, Bernardina

2014-01-01

Biofuels production has experienced rapid growth worldwide as one of the several strategies to promote green energy economies. Indeed, climate change mitigation and energy security have been frequent rationales behind biofuel policies, but biofuels production could generate negative impacts, such as additional demand for feedstocks, and therefore for land on which to grow them, with a consequent increase in food commodity prices. In this context, this paper examines the effect of biofuels and other economic and financial factors on daily returns of a group of commodity futures prices using Generalized Autoregressive Conditional Heteroskedasticity (GARCH) family models in univariate and multivariate settings. The results show that a complex of drivers are relevant in explaining commodity futures returns; more precisely, the Standard and Poor's (S and P) 500 positively affects commodity markets, while the US/Euro exchange rate brings about a decline in commodity returns. It turns out, in addition, that energy market returns are significant in explaining commodity returns on a daily basis, while monetary liquidity is not. This would imply that biofuel policy should be carefully monitored in order to avoid excessive first-generation subsidization, which would trigger a fuel vs. food conflict. - Highlights: • The effects of biofuels and other economic and financial factors on daily returns of commodity futures prices are examined. • A GARCH methodology in univariate and multivariate settings is adopted. • The results show that a complex of drivers is relevant in explaining commodity futures returns. • Energy market returns play a significant role in pushing commodity returns. • The increase in monetary liquidity does not contribute to changes in futures returns on a daily basis

77 FR 55183 - Effectiveness of Licensing Procedures for Agricultural Commodities to Cuba

Science.gov (United States)

2012-09-07

...] Effectiveness of Licensing Procedures for Agricultural Commodities to Cuba AGENCY: Bureau of Industry and... Administration Regulations for the export of agricultural commodities to Cuba. BIS will include a description of...), to Cuba. Requirements and procedures associated with such authorization are set forth in Sec. 740.18...

Market Structure and Price Transmission of Eggs Commodity

Directory of Open Access Journals (Sweden)

Abdul Aziz Ahmad

2016-10-01

Full Text Available Purposes of this research are to determine some characteristics of distribution channel, market structure, and price maker transmission in purebred chicken egg commodity in Banyumas District, Central Java Province. Primary data applied on this research is from all channel distribution levels; from producers to final consumers. Meanwhile secondary data is collected from government official sources, such as BPS-Statistic of Banyumas Disrict, Banyumas Department of Industry, Trading and Cooperation, and previous researches which has been made by researcher team. Sample determining is directed by proportional random sampling methods. Some measurements are applied to this research, including to; Herfindahl Index (HI, Concentration Ratio (CF, and Minimum Efficiency Scale (MES to investigate market structure; and Asymmetric Price Transmission (APT to determine price transmission mechanism model. This research finds that (1 the distribution channel of egg commodity is spitted to different channel, the first channel: egg producer – retail traders – final consumers, and second channel: egg producers – whole seller – retail traders – final consumers; (2 market structure which is created to this farming specific commodity is perfect market; (3 price transmission mechanism analysis statistically shows that there is almost no existence of dominant power in price formation.

Towards microalgal triglycerides in the commodity markets

NARCIS (Netherlands)

Benvenuti, Giulia; Ruiz, Jesús; Lamers, Packo P.; Bosma, Rouke; Wijffels, René H.; Barbosa, Maria J.

2017-01-01

Background: Microalgal triglycerides (TAGs) hold great promise as sustainable feedstock for commodity industries. However, to determine research priorities and support business decisions, solid techno-economic studies are essential. Here, we present a techno-economic analysis of two-step TAG

Increase of food commodities prices and their relationship with biofuels

International Nuclear Information System (INIS)

Ortiz-Alvarez, Marianela; Piloto-Rodríguez, Ramón

2017-01-01

Biofuels are without any doubt, an alternative to the actual energy matrix. In this work, through the analysis of the main influencing factors in the increase of food commodities prices, is demonstrated that this phenomena is not exclusive due to biofuels production. Comparing the food commodities prices with biofuels production and petroleum prices respectively, a stronger correlation between food and petroleum prices was observed, demonstrating the strong influence of the conventional energy market on agricultural products. (author)

Strategic contracting practices to improve procurement of health commodities.

Science.gov (United States)

Arney, Leslie; Yadav, Prashant; Miller, Roger; Wilkerson, Taylor

2014-08-01

Public-sector entities responsible for procurement of essential medicines and health commodities in developing countries often lack the technical capacity to efficiently ensure supply security. Under strict public scrutiny and pressures to be transparent, many agencies continue to use archaic procurement methods and to depend on inflexible forecasts and cumbersome tendering processes. On the basis of semi-structured literature reviews and interviews, we identified framework agreements as a strategic procurement practice used by the U.S. federal government that may also be suitable for global health supply chains. Framework agreements are long-term contracts that provide the terms and conditions under which smaller repeat purchasing orders may be issued for a defined period of time. Such agreements are common in U.S. and United Nations procurement systems and in other developed countries and multilateral organizations. In contrast, framework agreements appear to be seldom used in procurement of health commodities in countries of sub-Saharan Africa. The current practice of floating tenders multiple times a year contributes to long lead times and stock-outs, and it hampers the manufacturer's or supplier's ability to plan and respond to the government's needs. To date, government's use of strategic contracting practices in public procurement of health commodities has not received much attention in most developing countries. It may present an opportunity for substantial improvements in procurement efficiency and commodity availability. Enabling legislation and strengthened technical capacity to develop and manage long-term contracts could facilitate the use of framework contracts in sub-Saharan Africa, with improved supply security and cost savings likely to result.

78 FR 16189 - Transportation of Agricultural Commodities

Science.gov (United States)

2013-03-14

... DEPARTMENT OF TRANSPORTATION Federal Motor Carrier Safety Administration 49 CFR Parts 382, 383, 390, 391, 395, 396 [Docket No. FMCSA-2012-0378] RIN 2126-AB58 Transportation of Agricultural...: FMCSA promulgates the regulatory exemptions for the ``transportation of agricultural commodities and...

7 CFR 1401.4 - Commodity certificates.

Science.gov (United States)

2010-01-01

... this section of loan collateral by a person to whom a loan secured by such collateral is made): or... loan collateral—(1) General. Except as otherwise provided in this paragraph and in paragraphs (f) and... commodities pledged as collateral for CCC loans made to such person, at any time on or before the expiration...

Commodity Tracker: Mobile Application for Food Security Monitoring in Haiti

Science.gov (United States)

Chiu, M. T.; Huang, X.; Baird, J.; Gourley, J. R.; Morelli, R.; de Lanerolle, T. R.; Haiti Food Security Monitoring Mobile App Team

2011-12-01

Megan Chiu, Jason Baird, Xu Huang, Trishan de Lanerolle, Ralph Morelli, Jonathan Gourley Trinity College, Computer Science Department and Environmental Science Program, 300 Summit Street, Hartford, CT 06106 megan.chiu@trincoll.edu, Jason.baird@trincoll.edu, xu.huang@trincoll.edu, trishan.delanerolle@trincoll.edu, ralph.morelli@trincoll.edu, jonathan.gourley@trincoll.edu Price data for Haiti commodities such as rice and potatoes have been traditionally recorded by hand on paper forms for many years. The information is then entered onto computer manually, thus making the process a long and arduous one. With the development of the Haiti Commodity Tracker mobile app, we are able to make this commodity price data recording process more efficient. Officials may use this information for making inferences about the difference in commodity prices and for food distribution during critical time after natural disasters. This information can also be utilized by governments and aid agencies on their food assistance programs. Agronomists record the item prices from several sample sites in a marketplace and compare those results from other markets across the region. Due to limited connectivity in rural areas, data is first saved to the phone's database and then retransmitted to a central server via SMS messaging. The mobile app is currently being field tested by an international NGO providing agricultural aid and support in rural Haiti.

On the link between oil and commodity prices: a panel VAR approach

International Nuclear Information System (INIS)

Bremond, Vincent; Hache, Emmanuel; Joets, Marc

2013-12-01

The aim of this paper is to study the relationships between the price of oil and a large dataset of commodity prices, relying on panel data settings. Using second generation panel co-integration tests, our findings show that the WTI and commodity prices are not linked in the long term. Nevertheless, considering our results in causality tests, we show that short-run relations exist, mainly from the price of crude oil to commodity prices. We thus implement a panel VAR estimation with an impulse response function analysis. Two main conclusions emerge: (i) fast co-movements are highlighted, while (ii) market efficiency is emphasized. (authors)

7 CFR 1405.9 - Commodity assessments.

Science.gov (United States)

2010-01-01

... Commodity assessments. (a) CCC will deduct from the proceeds of a marketing assistance loan an amount equal... collected in one of the following ways, as requested by the State, but not both: (i) When the proceeds of... the State. (2) CCC will deduct from the proceeds of a marketing assistance loan an amount equal to the...

IMPACTS OF AFRICA'S TOTAL AND COMMODITY-BASED TRADE WITH CHINA AND OECD COUNTRIES

Directory of Open Access Journals (Sweden)

Nihal Bayraktar

2017-02-01

Full Text Available This paper studies the changes in the pattern of Africa’s trade with China and OECD countries, and the impacts of these changes on sub-Saharan Africa’s economic growth. In the study, the country-level total exports and imports, as well as the commodity-based exports and imports are considered for 42 sub-Saharan African countries between 1980 and 2014. The results show that as the share of China in sub-Saharan Africa’s trade has significantly increased, a declining trend is observed for OECD countries, traditional trading partners. Despite changing trade links, the investigation of the commodity-based exports and imports indicate that the types of imported and exported commodities have not changed much for Africa. However, a strong link is observed between economic growth in SSA and its changing trade links from the OECD countries towards China at the total level as well as at the commodity level. The study concludes that there is an increase in the international competition for Africa’s commodities, and resulting in improvements in the terms of trade has led to higher income growth in the region.

Single-Commodity Vehicle Routing Problem with Pickup and Delivery Service

Directory of Open Access Journals (Sweden)

Goran Martinovic

2008-01-01

Full Text Available We present a novel variation of the vehicle routing problem (VRP. Single commodity cargo with pickup and delivery service is considered. Customers are labeled as either cargo sink or cargo source, depending on their pickup or delivery demand. This problem is called a single commodity vehicle routing problem with pickup and delivery service (1-VRPPD. 1-VRPPD deals with multiple vehicles and is the same as the single-commodity traveling salesman problem (1-PDTSP when the number of vehicles is equal to 1. Since 1-VRPPD specializes VRP, it is hard in the strong sense. Iterative modified simulated annealing (IMSA is presented along with greedy random-based initial solution algorithm. IMSA provides a good approximation to the global optimum in a large search space. Experiment is done for the instances with different number of customers and their demands. With respect to average values of IMSA execution times, proposed method is appropriate for practical applications.

The Influence Of Highway Transportation Infrastructure Condition Toward Commodity Production Generation for The Resilience Needs at Regional Internal Zone

Science.gov (United States)

Akbardin, Juang; Parikesit, Danang; Riyanto, Bambang; Mulyono, Agus Taufik

2018-02-01

The poultry commodity consumption and requirement is one of the main commodities that must be fulfilled in a region to maintain the availability of meat from poultry. Poultry commodity production is one of the production sectors that have a clean environment resistance. An increasing of poultry commodity generation production requires a smooth distribution to arrive at the processing. The livestock location as a commodity production is placed at a considerable far distance from residential and market locations. Zones that have poultry commodity production have an excess potential to supply other zones that are lacking in production to the consumption of these commodities. The condition of highway transportation infrastructure that is very diverse with the damage level availability in a zone has an influence in the supply and demand of poultry commodity requirement in the regional internal of Central Java province. In order to know the effect of highway transportation infrastructure condition toward the poultry commodity movement, demography factor and availability of freight vehicles will be reviewed to estimate the amount of poultry commodity movement generation production. Thus the poultry commodity consumption requirement that located in the internal - regional zone of central java province can be adequated from the zone. So it can be minimized the negative impacts that affect the environment at the zone in terms of comparison of the movement attraction and generation production at poultry commodity in Central Java.

Aromatherapy Oils: Commodities, Materials, Essences

OpenAIRE

Barcan, Ruth

2014-01-01

This article examines the essential oils that are the central tools of aromatherapy and uses them as a case study for different approaches to material culture. It considers the conceptual and political implications of thinking of essential oils as, in turn, commodities, materials and essences. I argue that both cultural studies and aromatherapy have something to learn from each other. Classic materialist approaches might do well to focus more attention on the material properties and effects o...

Mould deterioration of agricultural commodities during transit: problems faced by developing countries.

Science.gov (United States)

Bhat, R V

1988-12-01

Huge quantities of agricultural commodities are being either imported or exported by the developing countries. The commodities have to be transported from the fields of cultivation to the centres of consumption, considerable time being taken for the movement not only because of long distances but also because of various socio-economic, environmental and biological reasons. These commodities are likely to be damaged by mould growth and subsequent aflatoxin accumulation. If the contamination occurs during transit, often no insurance cover for the risk is available. Because of different methods of sampling followed in the exporting and importing countries it is often difficult to define the exact responsibility of the development of aflatoxin as having taken place during transit. The statistics of the export of aflatoxin high-risk commodities like red pepper (chillies), cotton seed and groundnut extractions clearly, for the last decade, demonstrate the extent of loss suffered by the exporting countries because of aflatoxins. The problem of mould damage and mycotoxin contamination can be minimised by improving facilities for storage at ports and transit points as well as on ships.

31 CFR 103.17 - Reports by futures commission merchants and introducing brokers in commodities of suspicious...

Science.gov (United States)

2010-07-01

... merchants and introducing brokers in commodities of suspicious transactions. 103.17 Section 103.17 Money and... merchants and introducing brokers in commodities of suspicious transactions. (a) General—(1) Every futures commission merchant (“FCM”) and introducing broker in commodities (“IB-C”) within the United States shall...

Canadian oil and gas survey 1998

International Nuclear Information System (INIS)

Roberge, R.B.

1998-01-01

The year 1997 brought record levels of financing for the Canadian oil and gas industry which led to record levels of capital spending and unprecedented merger and acquisition activity. Production records were achieved, but soft commodity prices in the fourth quarter resulted in a significant downturn in the equity markets. El Nino reduced demand for natural gas and heating oil, resulting in increased storage levels for both commodities. Record drilling and capital spending fueled the Canadian oilfield service industry as total market capitalization rose to $10 billion. As for the 1998 outlook, the industry has turned to natural gas as the favoured commodity, as indicated by the conclusion of the Alliance pipeline hearings and the Nova/TCPL merger. This survey presents a review of crude oil and natural gas production, prices, and capital spending for development and exploratory wells, and the financial and operating results for fiscal year 1997 of selected oil and gas companies and income trusts. All listed companies are Canadian public companies, or publicly traded income trusts, traded on one of the country's four major stock exchanges. They are ranked according to gross oil and gas production revenue only (before royalties). Syncrude and oil sands production is also included. The remaining data in the financial statistics tables includes all business segments of each company included. The survey excluded companies that were wholly-owned subsidiaries, divisions or U.S. subsidiaries and private companies. tabs., figs

United Nations Commission on Commodities for Women's and ...

International Development Research Centre (IDRC) Digital Library (Canada)

... commodities in order to achieve the health-related Millennium Development ... Special journal issue highlights IDRC-supported findings on women's paid work ... to address climate change-related challenges in India, including heat stress, ...

Commodity Systems Assessment Methodology of Postharvest Losses in Vegetable Amaranths: The Case of Tamale, Ghana

Directory of Open Access Journals (Sweden)

Mildred Osei-Kwarteng

2017-01-01

Full Text Available A semistructured questionnaire based on the commodity system assessment methodology (CSAM was used to determine postharvest losses in vegetable amaranths (VA. Fifty producers and retailers were randomly selected from five and four major VA producing areas and markets, respectively, and interviewed. Data obtained were subjected to descriptive statistical analyses. The survey revealed that absence of laws, regulation, incentives, and inadequate technical information affected the production of VA. The utmost preproduction challenge was poor quality seeds with poor seed yield (35%, low viability (19%, and nontrueness (46%. It was noted that some cultural practices including planting pattern and density, irrigation, and fertiliser use had effects on postharvest losses. Some postharvest practices used were cleaning with water, trimming, sorting, and grading. Usually the produce was transported to marketing centers by cars and motor cycle trailers. Generally poor temperature management after harvest was a big challenge for the postharvest handling of VA. The potential of vegetable amaranths as a commodity in the study area can be enhanced by providing the necessary institutional support, incentives, and use of good management practices along the value chain. An interdisciplinary approach and quantification of losses along the chain are recommended for any future study.

Current Status of Mycotoxin Contamination of Food Commodities in Zimbabwe

Directory of Open Access Journals (Sweden)

Nancy Nleya

2018-05-01

Full Text Available Agricultural products, especially cereal grains, serve as staple foods in sub-Saharan Africa. However, climatic conditions in this region can lead to contamination of these commodities by moulds, with subsequent production of mycotoxins posing health risks to both humans and animals. There is limited documentation on the occurrence of mycotoxins in sub-Saharan African countries, leading to the exposure of their populations to a wide variety of mycotoxins through consumption of contaminated foods. This review aims at highlighting the current status of mycotoxin contamination of food products in Zimbabwe and recommended strategies of reducing this problem. Zimbabwe is one of the African countries with very little information with regards to mycotoxin contamination of its food commodities, both on the market and at household levels. Even though evidence of multitoxin occurrence in some food commodities such as maize and other staple foods exist, available published research focuses only on Aspergillus and Fusarium mycotoxins, namely aflatoxins, deoxynivalenol (DON, trichothecenes, fumonisins, and zearalenone (ZEA. Occurrence of mycotoxins in the food chain has been mainly associated with poor agricultural practices. Analysis of mycotoxins has been done mainly using chromatographic and immunological methods. Zimbabwe has adopted European standards, but the legislation is quite flexible, with testing for mycotoxin contamination in food commodities being done voluntarily or upon request. Therefore, the country needs to tighten its legislation as well as adopt stricter standards that will improve the food safety and security of the masses.

Current Status of Mycotoxin Contamination of Food Commodities in Zimbabwe.

Science.gov (United States)

Nleya, Nancy; Adetunji, Modupeade Christianah; Mwanza, Mulunda

2018-05-03

Agricultural products, especially cereal grains, serve as staple foods in sub-Saharan Africa. However, climatic conditions in this region can lead to contamination of these commodities by moulds, with subsequent production of mycotoxins posing health risks to both humans and animals. There is limited documentation on the occurrence of mycotoxins in sub-Saharan African countries, leading to the exposure of their populations to a wide variety of mycotoxins through consumption of contaminated foods. This review aims at highlighting the current status of mycotoxin contamination of food products in Zimbabwe and recommended strategies of reducing this problem. Zimbabwe is one of the African countries with very little information with regards to mycotoxin contamination of its food commodities, both on the market and at household levels. Even though evidence of multitoxin occurrence in some food commodities such as maize and other staple foods exist, available published research focuses only on Aspergillus and Fusarium mycotoxins, namely aflatoxins, deoxynivalenol (DON), trichothecenes, fumonisins, and zearalenone (ZEA). Occurrence of mycotoxins in the food chain has been mainly associated with poor agricultural practices. Analysis of mycotoxins has been done mainly using chromatographic and immunological methods. Zimbabwe has adopted European standards, but the legislation is quite flexible, with testing for mycotoxin contamination in food commodities being done voluntarily or upon request. Therefore, the country needs to tighten its legislation as well as adopt stricter standards that will improve the food safety and security of the masses.

Computerized commodity management system in Thailand and Brazil.

Science.gov (United States)

1984-01-01

Thailand's National Family Planning Program is testing a computerized contraceptive commodity reporting management in 4 provinces with 104 National Family Planning Program (NFPP) reporting entities. Staff in the Brazilian Association of Family Planning Entities (ABEPF) and CPAIMC, a major family planning service agency, have been trained in the use of a computerized commodity distribution management system and are ready to initiate test use. The systems were designed in response to specific commodity management needs of the concerned organizations. Neither distribution program functions as a contraceptive social marketing (CSM) program, but each system reviewed has aspects that are relevant to CSM commodity management needs. Both the Thai and Brazilian systems were designed to be as automatic and user friendly as possible. Both have 3 main databases and perform similar management and reporting functions. Differing program configurations and basic data forms reflect the specific purposes of each system. Databases for the logistics monitoring system in Thailand arethe reporting entity (or ID) file; the current month's data file; and the master balance file. The data source is the basic reporting form that also serves as a Request and Issue Voucher for commodities. Editing functions in the program check to see that the current "beginning balance" equals the previous month's ending balance. Indexing functions in the system allow direct access to the records of any reporting entity via the ID number, as well as the sequential processing of records by ID number. 6 reports can be generated: status report by issuing entity; status report by dispensing entity; aggregate status report; out of compliance products report; out of compliance outlets report; and suggested shipment to regional warehouse report. Databases for the distribution management system in Brazil are: the name-ID (client institution) file; the product file; and the data file. The data source is an order form

7 CFR Exhibit B to Subpart A of... - Memorandum of Understanding and Blanket Commodity Lien Waiver

Science.gov (United States)

2010-01-01

... commodity with respect to which the loan or purchase is made. The word “subordinated” means that, in the... makes loans to farmers on the security of agricultural commodities that are eligible for price support under loan and purchase programs conducted by the Commodity Credit Corporation (CCC). FmHA or its...

7 CFR 226.5 - Donation of commodities.

Science.gov (United States)

2010-01-01

... 7 Agriculture 4 2010-01-01 2010-01-01 false Donation of commodities. 226.5 Section 226.5 Agriculture Regulations of the Department of Agriculture (Continued) FOOD AND NUTRITION SERVICE, DEPARTMENT OF AGRICULTURE CHILD NUTRITION PROGRAMS CHILD AND ADULT CARE FOOD PROGRAM Assistance to States § 226.5 Donation...

16 CFR 500.13 - Measurement of commodities by area measure only, how expressed.

Science.gov (United States)

2010-01-01

... commodities by area measure only, how expressed. For commodities measured in terms of area measure only declaration of net quantity in terms of square yards, square feet, and square inches shall be expressed in the... only, how expressed. 500.13 Section 500.13 Commercial Practices FEDERAL TRADE COMMISSION RULES...

Does Excluding Cross-commodity Interactions Matter? Beef and Lamb in Australia

OpenAIRE

Dent, Siobahn K.; Piggott, Roley R.; O'Donnell, Christopher J.; Griffith, Garry R.

2003-01-01

Australian broadacre agriculture is typified by strong cross-commodity relationships, where sheep and cattle grazing enterprises compete for pasture and both compete with wheat and other crops for land. Further, some commodities produced by multi-product farms are also used in the production of final products that are substitutes in demand, such as beef and lamb. Economic analyses of the beef market, for example, should also include consideration of the market for the related product, lamb. I...

Methyl Bromide Commodity Fumigation Buffer Zone Lookup Tables

Science.gov (United States)

Product labels for methyl bromide used in commodity and structural fumigation include requirements for buffer zones around treated areas. The information on this page will allow you to find the appropriate buffer zone for your planned application.

Market risk in commodity markets: a VaR approach

International Nuclear Information System (INIS)

Giot, P.

2003-01-01

We put forward Value-at-Risk models relevant for commodity traders who have long and short trading positions in commodity markets. In a 5-year out-of-sample study on aluminium, copper, nickel, Brent crude oil and WTI crude oil daily cash prices and cocoa nearby futures contracts, we assess the performance of the RiskMetrics, skewed Student APARCH and skewed student ARCH models. While the skewed Student APARCH model performs best in all cases, the skewed Student ARCH model delivers good results and its estimation does not require non-linear optimization procedures. As such this new model could be relatively easily integrated in a spreadsheet-like environment and used by market practitioners. (author)

Market risk in commodity markets. A VaR approach

Energy Technology Data Exchange (ETDEWEB)

Giot, Pierre [Department of Business Administration and CEREFIM at University of Namur, Rempart de la Vierge, 8, 5000 Namur (Belgium); Laurent, Sebastien [Center for Operations Research and Econometrics (CORE) at Universite Catholique de Louvain, Louvain (Belgium)

2003-09-01

We put forward Value-at-Risk models relevant for commodity traders who have long and short trading positions in commodity markets. In a 5-year out-of-sample study on aluminium, copper, nickel, Brent crude oil and WTI crude oil daily cash prices and cocoa nearby futures contracts, we assess the performance of the RiskMetrics, skewed Student APARCH and skewed student ARCH models. While the skewed Student APARCH model performs best in all cases, the skewed Student ARCH model delivers good results and its estimation does not require non-linear optimization procedures. As such this new model could be relatively easily integrated in a spreadsheet-like environment and used by market practitioners.

Market risk in commodity markets. A VaR approach

International Nuclear Information System (INIS)

Giot, Pierre; Laurent, Sebastien

2003-01-01

We put forward Value-at-Risk models relevant for commodity traders who have long and short trading positions in commodity markets. In a 5-year out-of-sample study on aluminium, copper, nickel, Brent crude oil and WTI crude oil daily cash prices and cocoa nearby futures contracts, we assess the performance of the RiskMetrics, skewed Student APARCH and skewed student ARCH models. While the skewed Student APARCH model performs best in all cases, the skewed Student ARCH model delivers good results and its estimation does not require non-linear optimization procedures. As such this new model could be relatively easily integrated in a spreadsheet-like environment and used by market practitioners

Manufacturing process design for multi commodities in agriculture

Science.gov (United States)

Prasetyawan, Yudha; Santosa, Andrian Henry

2017-06-01

High-potential commodities within particular agricultural sectors should be accompanied by maximum benefit value that can be attained by both local farmers and business players. In several cases, the business players are small-medium enterprises (SMEs) which have limited resources to perform added value process of the local commodities into the potential products. The weaknesses of SMEs such as the manual production process with low productivity, limited capacity to maintain prices, and unattractive packaging due to conventional production. Agricultural commodity is commonly created into several products such as flour, chips, crackers, oil, juice, and other products. This research was initiated by collecting data by interview method particularly to obtain the perspectives of SMEs as the business players. Subsequently, the information was processed based on the Quality Function Deployment (QFD) to determine House of Quality from the first to fourth level. A proposed design as the result of QFD was produced and evaluated with Technology Assessment Model (TAM) and continued with a revised design. Finally, the revised design was analyzed with financial perspective to obtain the cost structure of investment, operational, maintenance, and workers. The machine that performs manufacturing process, as the result of revised design, was prototyped and tested to determined initial production process. The designed manufacturing process offers IDR 337,897, 651 of Net Present Value (NPV) in comparison with the existing process value of IDR 9,491,522 based on similar production input.

The Character of Price Transmission Within Milk Commodity Chain in the Czech Republic

Directory of Open Access Journals (Sweden)

Barbora Dudová

2015-01-01

Full Text Available The article is focused on price transmission within milk commodity chain in the Czech Republic. The article distinct on milk products with low value added – cow milk/paper box milk and products with higher value added – cow milk/butter. Price transmission is measured by the coefficient of elasticity of the price transmission (EPT; price transfer is examined in demand as well as supply direction. Next part of the analysis measures price differences (by coefficient determination – R2 in supply direction. Last step in this analysis is the impact of time delay at the price transmission process (measured by R2. The price transmission is asymmetric in the supply direction on both parts of commodity chain (EPT = 0.29 and 0.62, in the demand direction is more symmetric (EPT = 0.31 and 1.02. The assumption of better transfer of positive price changes was confirmed. At the commodity chain of milk/dairy products the time delay is not so much important. With both tested commodity chains there was found higher power of downstream markets, proving demand driven behaviour of these commodity chains, and there was detected oligopsony market structure as well. The data represent monthly prices on both chosen vertical levels in the period of 1/2000–8/2013.

Headwater sediment dynamics in a debris flow catchment constrained by high-resolution topographic surveys

Science.gov (United States)

Loye, Alexandre; Jaboyedoff, Michel; Theule, Joshua Isaac; Liébault, Frédéric

2016-06-01

Debris flows have been recognized to be linked to the amounts of material temporarily stored in torrent channels. Hence, sediment supply and storage changes from low-order channels of the Manival catchment, a small tributary valley with an active torrent system located exclusively in sedimentary rocks of the Chartreuse Massif (French Alps), were surveyed periodically for 16 months using terrestrial laser scanning (TLS) to study the coupling between sediment dynamics and torrent responses in terms of debris flow events, which occurred twice during the monitoring period. Sediment transfer in the main torrent was monitored with cross-section surveys. Sediment budgets were generated seasonally using sequential TLS data differencing and morphological extrapolations. Debris production depends strongly on rockfall occurring during the winter-early spring season, following a power law distribution for volumes of rockfall events above 0.1 m3, while hillslope sediment reworking dominates debris recharge in spring and autumn, which shows effective hillslope-channel coupling. The occurrence of both debris flow events that occurred during the monitoring was linked to recharge from previous debris pulses coming from the hillside and from bedload transfer. Headwater debris sources display an ambiguous behaviour in sediment transfer: low geomorphic activity occurred in the production zone, despite rainstorms inducing debris flows in the torrent; still, a general reactivation of sediment transport in headwater channels was observed in autumn without new debris supply, suggesting that the stored debris was not exhausted. The seasonal cycle of sediment yield seems to depend not only on debris supply and runoff (flow capacity) but also on geomorphic conditions that destabilize remnant debris stocks. This study shows that monitoring the changes within a torrent's in-channel storage and its debris supply can improve knowledge on recharge thresholds leading to debris flow.

Natural Resources Management: The Effect of the Commodity Boom on Indonesia’s Industrial Development and Welfare

Directory of Open Access Journals (Sweden)

Maria Monica Wihardja

2016-03-01

Full Text Available The end of the commodity boom in 2012 once again exposed Indonesia to the vulnerability of the commodity price shocks. This article reviews how Indonesia managed its natural resources in 2001–12 and when the commodity boom ends. What are the lessons learned? Indonesia’s experience is similar to that of other countries rich in natural resources, including the crowding-out of non-commodity sectors, protectionist trade regimes, fiscal inefficiency, slow skill accumulation, rising inequality and environmental damages. In the aftermath of the global financial crisis of 2008–09, the early trade -policy response at the end of the commodity boom is inward-looking and protective of domestic markets and industries and aims to increase the added value of commodities by downstreaming. This trend is clearly reflected in the 2014 Trade Law, the 2014 Industry Law and the mineral export ban, which was introduced in 2009 through the 2009 Law on Mining of Coal and Minerals and took effect in 2014. Indonesia should learn from other countries in managing its resource revenues, such as through a commodity fund designed to fit its domestic specificity. Reindustrializing, increasing agricultural productivity beyond palm oil and tapping the country’s potential in the services sector including tourism and creative industries are also necessary to promote diversification in production and trade. Resource management policy should also include stronger environmental regulations.

78 FR 25416 - Information Collection Request: Web-Based Supply Chain Management Commodity Offer Forms

Science.gov (United States)

2013-05-01

... Request: Web-Based Supply Chain Management Commodity Offer Forms AGENCY: Farm Service Agency and Commodity..., and yearly bases. Special invitations, however, are issued throughout the month. Web-Based Supply Chain Management (WBSCM) allows respondents to submit information electronically. DATES: Comments on...

Financialization, Crisis and Commodity Correlation Dynamics

OpenAIRE

Annastiina Silvennoinen; Susan Thorp

2010-01-01

We study bi-variate conditional volatility and correlation dynamics for individual commodity futures and financial assets from May 1990-July 2009 using DSTCC-GARCH (Silvennoinen and Terasvirta 2009). These models allow correlation to vary smoothly between extreme states via transition functions driven by indicators of market conditions. Expected stock volatility and money manager open interest in futures markets are relevant transition variables. Results point to increasing integration betwee...

International commodity prices and civil war outbreak: new evidence for Sub-Saharan Africa and beyond

OpenAIRE

Ciccone, Antonio

2018-01-01

A new dataset by Bazzi and Blattman (2014) allows examining the effects of international commodity prices on the risk of civil war outbreak with more comprehensive data. I find that international commodity price downturns sparked civil wars in Sub-Saharan Africa. Another finding with the new dataset is that commodity price downturns also sparked civil wars beyond Sub-Saharan Africa since 1980. Effects are sizable relative to the baseline risk of civil war outbreak. My conclusions contrast wit...

General Equilibrium Model with a Convex Cone as the Set of Commodity Bundles

NARCIS (Netherlands)

Schalk, S.

1996-01-01

In this paper, we present a model for an exchange economy which is an extension of the classical model as introduced by Arrow and Debreu.In the classical model, there is a nite number of commodi- ties and a nite number of consumers.The commodities are treated separately, and so a commodity bundle is

Dynamic of consumer groups and response of commodity markets by principal component analysis

Science.gov (United States)

Nobi, Ashadun; Alam, Shafiqul; Lee, Jae Woo

2017-09-01

This study investigates financial states and group dynamics by applying principal component analysis to the cross-correlation coefficients of the daily returns of commodity futures. The eigenvalues of the cross-correlation matrix in the 6-month timeframe displays similar values during 2010-2011, but decline following 2012. A sharp drop in eigenvalue implies the significant change of the market state. Three commodity sectors, energy, metals and agriculture, are projected into two dimensional spaces consisting of two principal components (PC). We observe that they form three distinct clusters in relation to various sectors. However, commodities with distinct features have intermingled with one another and scattered during severe crises, such as the European sovereign debt crises. We observe the notable change of the position of two dimensional spaces of groups during financial crises. By considering the first principal component (PC1) within the 6-month moving timeframe, we observe that commodities of the same group change states in a similar pattern, and the change of states of one group can be used as a warning for other group.

Determine the optimal carrier selection for a logistics network based on multi-commodity reliability criterion

Science.gov (United States)

Lin, Yi-Kuei; Yeh, Cheng-Ta

2013-05-01

From the perspective of supply chain management, the selected carrier plays an important role in freight delivery. This article proposes a new criterion of multi-commodity reliability and optimises the carrier selection based on such a criterion for logistics networks with routes and nodes, over which multiple commodities are delivered. Carrier selection concerns the selection of exactly one carrier to deliver freight on each route. The capacity of each carrier has several available values associated with a probability distribution, since some of a carrier's capacity may be reserved for various orders. Therefore, the logistics network, given any carrier selection, is a multi-commodity multi-state logistics network. Multi-commodity reliability is defined as a probability that the logistics network can satisfy a customer's demand for various commodities, and is a performance indicator for freight delivery. To solve this problem, this study proposes an optimisation algorithm that integrates genetic algorithm, minimal paths and Recursive Sum of Disjoint Products. A practical example in which multi-sized LCD monitors are delivered from China to Germany is considered to illustrate the solution procedure.

A Conceptual Overview to Understand Commodities, Linkages and Industrial Development in Africa

OpenAIRE

Kaplinsky, Raphael; Morris, Mike; Kaplan, Dave

2011-01-01

Sub-Sahara African commodity exporting economies have benefitted greatly from the commodities boom of the past decade. The conventional wisdom argues that resource extraction is corrosive of industrial development due to a combination of the macroeconomic consequences of resource exploitation and the assumed enclave nature of mineral and energy extraction. The paper challenges this pessimistic ‘resource curse’ argument, arguing that there are unexploited opportunities for promoting industrial...

Commodity Team Motivation and Performance

DEFF Research Database (Denmark)

Englyst, Linda; Jørgensen, Frances; Johansen, John

2007-01-01

This article explores factors influencing the motivation and performance of commodity teams in a global sourcing context. Several challenges are related to the classical dilemma of matrix organization, but with particular implications in this specific context of purchasing. We report on a reward...... system which was intended to support collective team effort, yet enhanced conflicts of interest in the matrix structure, discuss leadership, goal alignment and career tracks, and debate when and whether a team structure is appropriate in the pursuit of corporate purchasing synergies. The article is based...

Federal Republic of Germany: Commodities report 2003

International Nuclear Information System (INIS)

2004-01-01

The Federal Institute for Geosciences and Natural Resources (BGR) has compiled the facts and figures in a commodities report for 25 years. This report summarises Germany's mineral and energy commodities trading, consumption and supply situation. After fears of shortages in the early 70s, this 25-year-period was mainly characterised by the feeling that mineral resources would always be available on the international markets in adequate quantities. And although there has been no change in the situation even up to the present day, the world markets for mineral resources are currently undergoing a structural change: the old rule of thumb that 20% of humanity in Europe, the USA and Japan consumed more than 80% of resource production is no longer valid. With India, the People's Republic of China, not to mention other heavily populated emerging countries, over half of the world's population is now involved in the demand for minerals. This means that the growth in world economic demand for natural resources is at the beginning of a new growth curve. (orig.)

PROSPECTS OF THE KLEBAN-BYK RESERVOIR USE AS A SPECIAL COMMODITY FISH FARM

Directory of Open Access Journals (Sweden)

Khrystenko D.S.

2013-09-01

Full Text Available The current state of fish fauna was analized for the Kleban-Byk reservoir (village Konstantinovka of Donetsk region under the influence of fishery activity of a special commodity fish farms. Reservoir aboriginal fish fauna consists of species with low fishery value. The native fish fauna can not provide the high productivity of reservoir with a rational use of feed resources. However, linear and weight growth of alien fish species confirms the high trophic status of the reservoir and its potential for aquaculture under regime of special commodity fish farm. We also established the absence of negative effects of continuous fishery activities of special commodity fish farms on the life conditions of native fish fauna representatives.

Foodsheds in Virtual Water Flow Networks: A Spectral Graph Theory Approach

Directory of Open Access Journals (Sweden)

Nina Kshetry

2017-06-01

Full Text Available A foodshed is a geographic area from which a population derives its food supply, but a method to determine boundaries of foodsheds has not been formalized. Drawing on the food–water–energy nexus, we propose a formal network science definition of foodsheds by using data from virtual water flows, i.e., water that is virtually embedded in food. In particular, we use spectral graph partitioning for directed graphs. If foodsheds turn out to be geographically compact, it suggests the food system is local and therefore reduces energy and externality costs of food transport. Using our proposed method we compute foodshed boundaries at the global-scale, and at the national-scale in the case of two of the largest agricultural countries: India and the United States. Based on our determination of foodshed boundaries, we are able to better understand commodity flows and whether foodsheds are contiguous and compact, and other factors that impact environmental sustainability. The formal method we propose may be used more broadly to study commodity flows and their impact on environmental sustainability.

Modelos de tiempo continuo para commodities agrícolas En Colombia*

Directory of Open Access Journals (Sweden)

Javier Arbeláez López

2007-12-01

Full Text Available Algunos llamados “expertos” hacen recomendaciones para aplicar modelos devaloración de derivados sobre acciones a derivados sobre commodities. Esta prácticadebería considerarse sólo como un primer paso, exploratorio en la búsqueda delvalor realmente “justo” del derivado.En general, los precios de las commodities se comportan de una manera bastantediferente de los precios de las acciones. Esto se muestra, con este artículo, a travésde ejemplos del mercado agropecuario colombiano. 

The Financial Industry's Challenge of Developing Commodity Derivatives

NARCIS (Netherlands)

Pennings, J.M.E.; Meulenberg, M.T.G.

1999-01-01

With a constant new stream of financial services coming to the market, each often more exotic and complicated than the last, the financial services industry, which includes commodity derivatives exchanges, brokerage houses and banks providing price risk reduction services (the so-called hedging

Conductive heat flow at the TAG Active Hydrothermal Mound: Results from 1993-1995 submersible surveys

Science.gov (United States)

Becker, K.; Von Herzen, R.; Kirklin, J.; Evans, R.; Kadko, D.; Kinoshita, M.; Matsubayashi, O.; Mills, R.; Schultz, A.; Rona, P.

We report 70 measurements of conductive heat flow at the 50-m-high, 200-m-diameter TAG active hydrothermal mound, made during submersible surveys with Alvin in 1993 and 1995 and Shinkai 6500 in 1994. The stations were all measured with 5-thermistor, 0.6- or 1-m-long Alvin heat flow probes, which are capable of determining both gradient and thermal conductivity, and were transponder-navigated to an estimated accuracy of ±5-10 m relative to the 10-m-diameter central complex of black smokers. Within 20 m of this complex, conductive heat flow values are extremely variable (0.1- > 100 W/m²), which can only be due to local spatial and possible temporal variability in the immediate vicinity of the vigorous discharge sites. A similar local variability is suggested in the “Kremlin” area of white smokers to the southeast of the black smoker complex. On the south and southeast side of the mound, there is very high heat flow (3.7- > 25 W/m²) on the sedimented terraces that slope down from the Kremlin area. Heat flow is also high (0.3-3 W/m²) in the pelagic carbonate sediments on the surrounding seafloor within a few tens of meters of the southwest, northwest, and northeast sides of the mound. On the west side of the sulfide rubble plateau that surrounds the central black smoker peak, there is a coherent belt of very low heat flow (smokers, suggestive of local, shallow recharge of bottom water. The three submersible surveys spanned nearly two years, but showed no indication of any temporal variability in conductive heat flow over this time scale, whether natural or induced by ODP drilling in 1994.

The Role of Incompleteness in Commodity Futures Markets

Directory of Open Access Journals (Sweden)

Takashi eKanamura

2015-10-01

Full Text Available This paper proposes a convenience yield-based pricing for commodity futures, which embeds incompleteness of commodity futures markets in convenience yields. By using the pricing method, we conduct empirical analyses of the prices of WTI crude oil, heating oil, and natural gas futures traded on the NYMEX in order to assess the incompleteness of energy futures markets. We show that the fluctuation from the incompleteness is partly driven by the fluctuation from convenience yields. In addition, it is shown that the incompleteness of natural gas futures market is more highlighted than the incompleteness of WTI crude oil and heating oil futures markets. We apply the implied market price of risk from the NYMEX data to pricing an Asian call option written on WTI crude oil futures. Finally, we try to apply the market incompleteness analysis to the post-crisis periods after 2009.

Non-food radiation technology applications of food commodities

International Nuclear Information System (INIS)

Mastro, N.L. Del

2004-01-01

At present food irradiation is considered an effective, broad-spectrum, residue-free, mature technology. Expertise in irradiation processing exists in a network of centers around the world, some of them in developing countries like Brazil and Argentina South American region. The use of renewable resources coming from crops products is becoming attractive also for non-food applications. In this sense, a complete new approach of higher aggregated value of some commodities like soy and maize, for example, is as renewable resources to create functional polymers, mainly for innovative biodegradable packaging solutions. There is a need of innovative approaches to produce edible/biodegradable materials from natural polymeric macromolecules with adequate properties. Incipient researches pointed to the successful use of irradiation processing to obtain or modify different types of biodegradable/edible plastic materials. This new radiation technology application is particularly important for countries that are leading producers of soybean and other commodities. (Author)

Non-food radiation technology applications of food commodities

Energy Technology Data Exchange (ETDEWEB)

Mastro, N.L. Del . [Center of Radiation Technology, Energy and Nuclear Research Institute (IPEN-CNEN/SP), Travessa R, 400 Cidade Universitaria, 05508-900 Sao Paulo (Brazil)

2004-07-01

At present food irradiation is considered an effective, broad-spectrum, residue-free, mature technology. Expertise in irradiation processing exists in a network of centers around the world, some of them in developing countries like Brazil and Argentina South American region. The use of renewable resources coming from crops products is becoming attractive also for non-food applications. In this sense, a complete new approach of higher aggregated value of some commodities like soy and maize, for example, is as renewable resources to create functional polymers, mainly for innovative biodegradable packaging solutions. There is a need of innovative approaches to produce edible/biodegradable materials from natural polymeric macromolecules with adequate properties. Incipient researches pointed to the successful use of irradiation processing to obtain or modify different types of biodegradable/edible plastic materials. This new radiation technology application is particularly important for countries that are leading producers of soybean and other commodities. (Author)

Volatility behavior of oil, industrial commodity and stock markets in a regime-switching environment

International Nuclear Information System (INIS)

Choi, Kyongwook; Hammoudeh, Shawkat

2010-01-01

This study supplements previous regime-switching studies on WTI crude oil and finds two possible volatility regimes for the strategic commodity prices of Brent oil, WTI oil, copper, gold and silver, and the S and P 500 index, but with varying high-to-low volatility ratios. The dynamic conditional correlations (DCCs) indicate increasing correlations among all the commodities since the 2003 Iraq war but decreasing correlations with the S and P 500 index. The commodities also show different volatility persistence responses to financial and geopolitical crises, while the S and P 500 index responds to both financial and geopolitical crises. Implications are discussed.

Voluntary medical male circumcision: logistics, commodities, and waste management requirements for scale-up of services.

Science.gov (United States)

Edgil, Dianna; Stankard, Petra; Forsythe, Steven; Rech, Dino; Chrouser, Kristin; Adamu, Tigistu; Sakallah, Sameer; Thomas, Anne Goldzier; Albertini, Jennifer; Stanton, David; Dickson, Kim Eva; Njeuhmeli, Emmanuel

2011-11-01

The global HIV prevention community is implementing voluntary medical male circumcision (VMMC) programs across eastern and southern Africa, with a goal of reaching 80% coverage in adult males by 2015. Successful implementation will depend on the accessibility of commodities essential for VMMC programming and the appropriate allocation of resources to support the VMMC supply chain. For this, the United States President's Emergency Plan for AIDS Relief, in collaboration with the World Health Organization and the Joint United Nations Programme on HIV/AIDS, has developed a standard list of commodities for VMMC programs. This list of commodities was used to inform program planning for a 1-y program to circumcise 152,000 adult men in Swaziland. During this process, additional key commodities were identified, expanding the standard list to include commodities for waste management, HIV counseling and testing, and the treatment of sexually transmitted infections. The approximate costs for the procurement of commodities, management of a supply chain, and waste disposal, were determined for the VMMC program in Swaziland using current market prices of goods and services. Previous costing studies of VMMC programs did not capture supply chain costs, nor the full range of commodities needed for VMMC program implementation or waste management. Our calculations indicate that depending upon the volume of services provided, supply chain and waste management, including commodities and associated labor, contribute between US$58.92 and US$73.57 to the cost of performing one adult male circumcision in Swaziland. Experience with the VMMC program in Swaziland indicates that supply chain and waste management add approximately US$60 per circumcision, nearly doubling the total per procedure cost estimated previously; these additional costs are used to inform the estimate of per procedure costs modeled by Njeuhmeli et al. in "Voluntary Medical Male Circumcision: Modeling the Impact and Cost of

Primary commodity export and economic growth in sub sahara africa: evidence from panel data analysis

Directory of Open Access Journals (Sweden)

Matthew Ocran

2011-08-01

Full Text Available The paper sought to examine the impact of instability in primary commodity export earnings and the level of commodity dependence on economic growth in Sub Saharan Africa (SSA.  Fixed effects panel data estimator was used in the empirical estimation. The findings of the study suggest that there is a negative relationship between instability in export earnings and economic growth. The results also indicate that the level of commodity dependence matter in determining economic growth in the region. The results of the paper have economic development policy implications for SSA economies and these are not farfetched. First, it appears the difficult growth experience of SSA is not solely due to instability in export receipts. The question of continued dependence on a narrow range of primary commodities is also matter of great importance.

Will Commodity Properties Affect Seller's Creditworthy: Evidence in C2C E-commerce Market in China

Science.gov (United States)

Peng, Hui; Ling, Min

This paper finds out that the credit rating level shows significant difference among different sub-commodity markets in E-commerce, which provides room for sellers to get higher credit rating by entering businesses with higher average credit level before fraud. In order to study the influence of commodity properties on credit rating, this paper analyzes how commodity properties affect average crediting rating through the degree of information asymmetry, returns and costs of fraud, credibility perception and fraud tolerance. Empirical study shows that Delivery, average trading volume, average price and complaint possibility have decisive impacts on credit performance; brand market share, the degree of standardization and the degree of imitation also have a relatively less significant effect on credit rating. Finally, this paper suggests that important commodity properties should be introduced to modify reputation system, for preventing credit rating arbitrage behavior where sellers move into low-rating commodity after being assigned high credit rating.

The New Commodity: Technicity and Poetic Form

Directory of Open Access Journals (Sweden)

Brian Kim Stefans

2017-03-01

Full Text Available One of the key strands of early thinking by the Language Poets, notably Charles Bernstein, Bruce Andrews and Steve McCaffery, was that the poem—particularly the mainstream, American lyric in thrall to the Imagist tradition—should be understood as partaking in the commodity system, either in its capacity of presenting the world itself as consumable or as a commodity itself. Strategies to retool the poem included an exaggerated de-naturalization of language (akin to Brecht’s Verfremdung Effekt, the permanent deferral of epiphany as “pay off” (i.e., writing as ongoing phenomenological investigation, and, most extremely, the poem as engaged in a “general” as opposed to a “closed” economy—as pure expenditure, linguistic waste, in George Bataille’s sense. These practices, however, while they might have, in theory, “de-commodified” the poem (the evidence weighs against it, but it’s quite impossible to prove, have nonetheless confirmed the centrality of the early notion by William Carlos Williams that a poem is a “machine,” an autonomous producer of meanings, and to that extent an object. The French philosopher Gilbert Simondon argues in his theory of technicity that something human lies at the heart of the technical object and that its technical essence, like any player in the Darwinian evolution, has its own evolutionary journey through time. In Bernard Stiegler’s succinct formulation, “[a]s a ‘process of exteriorization,’ technics is the pursuit of life by means other than life.” This confluence of ideas suggests a possibility: that the technical elements of poems—what might have formerly been understood as stylistic tics, characteristic methods, visual and prosodic features—are themselves engaged in a quest for “life,” and that poems are in fact always already objects, existing outside of the system of commodities if only by virtue of obtaining an ontological status both: (1 irreducible to an over

Accelerating the Non-equispaced Fast Fourier Transform on Commodity Graphics Hardware

DEFF Research Database (Denmark)

Sørensen, Thomas Sangild; Schaeffter, Tobias; Noe, Karsten Østergaard

2008-01-01

We present a fast parallel algorithm to compute the Non-equispaced fast Fourier transform on commodity graphics hardware (the GPU). We focus particularly on a novel implementation of the convolution step in the transform, which was previously its most time consuming part. We describe the performa......We present a fast parallel algorithm to compute the Non-equispaced fast Fourier transform on commodity graphics hardware (the GPU). We focus particularly on a novel implementation of the convolution step in the transform, which was previously its most time consuming part. We describe...

22 CFR 211.6 - Processing, repackaging, and labeling commodities.

Science.gov (United States)

2010-04-01

..., with the following information in the language of the country in which the commodities are to be... peace; and (3) Not to be sold or exchanged (where applicable). Emblems or other identification of...

DYNAMICS AND NEW CHALLENGES IN THE GLOBAL COMMODITY MARKET

Directory of Open Access Journals (Sweden)

MARIA CARTAS

2015-12-01

Full Text Available Global economy and particularly the world production of goods depends to a large extent on the supply of raw materials, of resource inputs extracted from the environment as well as an easy access to them. Commodities play an important part in the growth of global production and in the world trade in goods and services. The access to raw materials is vital for sustaining the productive capacity of the economy and also for satisfying domestic demand for industrial goods. On the other side, increasing demand for commodities and the need for assuring a sustainable supply pose great challenges on the world economy. The issue of raw materials supply represents a high - priority theme in the political agenda of the European Union. The Raw Materials Initiative launched in 2008 by the European Commission is based on three main pillars: - to ensure the access to raw materials on world market at undistorted conditions; - to foster sustainable supply of raw materials from European sources; - to reduce the EU's consumption of primary raw materials. (EC, 2008. To this end, EC has started to take action in order to ensure access to resources and avoid supply shortages. A great deal of attention is being paid to the study of recent developments in the global and particular commodity markets, taking into consideration fundamental aspects as supply concentration, governance of producing countries, the pressure of demand and its impact on prices, material's substitutability, stressing the role of resource consumption efficiency, recycling and substitution of vital raw materials and thus providing policy makers and industry with reliable information on how to efficiently manage resource inputs. This paper is dealing with the main developments which occurred during the past decade or so in the global commodity market, a major driver of the world economy, with particular reference to selected key -markets - as: aluminium, copper, nickel; cotton; corn, meat - swine

76 FR 28641 - Commodity Pool Operators: Relief From Compliance With Certain Disclosure, Reporting and...

Science.gov (United States)

2011-05-18

..., Division of Clearing and Intermediary Oversight, or Barbara S. Gold, Associate Director, Division of... Commission explained the origin and use of the term ``Commodity ETF''. \\6\\ Id. at 54795-96. Thus, the... permit the CPO of a Commodity ETF to claim relief from the specific Disclosure Document delivery and...

Research on the Pricing of Bundling Information Commodity%信息产品的捆绑定价问题研究

Institute of Scientific and Technical Information of China (English)

毛彦妮; 王刊良; 王龙伟

2003-01-01

This article studies the characteristics of low marginal cost of information commodity and points out that bundling information commodity is surprisingly profitable. After an analysis of the three factors affecting the sales income of bundling information commodity, that is, marginal cost, distribution of consumer' s valuation of bundling commodity and bundling size, a marketing strategy for bundling information commodity is proposed.

Distribution of Iodine and Selenium in Selected Food Commodities

Directory of Open Access Journals (Sweden)

Strapáč I.

2016-03-01

Full Text Available The aim of this study was to investigate the distribution of the contents of iodine and selenium in selected food commodities. Fresh food commodities were mineralized and analysed for their iodine and selenium content by Inductively Coupled Plasma-Mass Spectrometry using the calibration curve as the method for determining the contents of the elements. The average fruit and vegetables concentrations of iodine were very low. The cow’s milk, other dairy products, eggs, poultry, fresh water fish, beef, liver, and mushrooms are frequently regarded as the most important natural source of dietary iodine from common foods. The higher concentrations of selenium were recorded in the kidney, liver, pork, beef, poultry, fresh water fish, hen’s eggs, cow’s milk, other dairy products, wheat flour, fats, coffee, peppers, mushrooms and potatoes.

7 CFR 1425.17 - Eligible commodity and pooling.

Science.gov (United States)

2010-01-01

... to generally accepted accounting principles. (l) A CMA shall not apply marketing losses from a..., DEPARTMENT OF AGRICULTURE LOANS, PURCHASES, AND OTHER OPERATIONS COOPERATIVE MARKETING ASSOCIATIONS § 1425.17... marketing proceeds from the commodity in accordance with § 1425.18; and (5) Members agreed to accept a...

41 CFR 51-6.4 - Military resale commodities.

Science.gov (United States)

2010-07-01

... 41 Public Contracts and Property Management 1 2010-07-01 2010-07-01 true Military resale commodities. 51-6.4 Section 51-6.4 Public Contracts and Property Management Other Provisions Relating to... stores, Armed Forces exchanges and like activities of other Government departments and agencies) shall...

Conceptualizing Culture as Commodity: The Problem of Television.

Science.gov (United States)

Meehan, Eileen R.

1986-01-01

Claims that most television research ignores the connections between its symbolic and economic influences. Argues for an integrated approach that views television as both a commodity and an artifact. Describes five analytical categories that researchers could use to provide information illuminating these relations to the public. (JD)

Exchange Market Pressure, Stock Prices, and Commodity Prices East of the Euro

Directory of Open Access Journals (Sweden)

Scott W. Hegerty

2018-03-01

Full Text Available Aim/purpose - This paper aims to examine connections between the exchange, equity, commodity and commodity markets of a set of Central and Eastern European (CEE economies using monthly time-series data. In particular, we examine whether stock - or commodity - price changes might put pressure on these currencies to depreciate, and whether these pressures are transmitted within the region or from larger neighbors. Design/methodology/approach - This paper creates monthly indices of Ex-change Market Pressure (EMP from 1998 to 2017 using a combination of currency depreciation, reserve losses, and changes in interest-rate differentials for the Czech Republic, Hungary, Poland, and Ukraine, Bulgaria, and Romania. After examining these indices for evidence of currency 'crises', and their components for evidence of changes in currency policy, Vector Autoregressive (VAR methods such as Granger causality and impulse-response functions are used to examine connections between EMP, domestic and foreign stock returns, and changes in commodity prices in the first four countries listed. Findings - While EMP increased in 2008, and the degree of central banks' currency- -market interventions decreased afterward, this paper uncovers key differences among countries. In particular, the Czech Republic is relatively insulated from international transmissions, while Hungary is more susceptible to global spillovers and Poland is exposed to events originating elsewhere in the CEE region. Ukraine shows bidirectional causality between its EMP and stock indices, and finds that pressure on the hryvnia increases if commodity or oil prices decline. Research implications/limitations - This study adds to the relatively limited literature regarding this region, and highlights particular vulnerabilities for both individual countries and specific neighbors; further research is necessary to uncover the channels of transmission using economic modeling. Originality

Global Commodity Chains & World Income Inequalities: The Missing Link of Inequality and the “Upgrading” Paradox

Directory of Open Access Journals (Sweden)

Benjamin D. Brewer

2015-08-01

Full Text Available This article links key findings from two major research literatures within contemporary development and globalization studies: global commodity/value chains, and world income inequalities. Forging this missing link exposes what I call the “upgrading paradox” within commodity and value chain analysis. The paradox hinges on the disconnect between the global commodity/value chain literature’s focus on the potential for firms and nations to “upgrade” their position within chains and the roots of the global commodity chain construct in world-systems analysis, a theoretical framework that rejects the potential for widespread and generalizable developmental progress. Findings from the world income inequalities literature do indeed confirm the paradoxical nature of the upgrading discourse, so I conclude by discussing two potential paths for a “post-paradox” commodity chain analysis.

Optimal Commodity Taxation and Income Distribution

OpenAIRE

Benassi, Corrado; Randon, Emanuela

2015-01-01

We consider the interplay between income distribution and optimal commodity taxation, linking equity issues to optimal taxes through the effect of income distribution on market demand and its price elasticity. We find conditions to conciliate the equity and efficiency tradeoff and to assess the impact of inequality changes on the optimal taxation of necessity and luxury goods. We show that the regressivity or progressivity of the tax system is determined by the distribution of luxuries and ne...

Brokers and brokerage in the process of trading in commodity futures markets

Directory of Open Access Journals (Sweden)

Eremić Milan B.

2003-01-01

Full Text Available This paper mainly deals with the analysis of a very complex process of brokerage in commodity futures markets. Unlike a classical commodity market in which brokers are not a necessity, sales and purchases in commodity futures markets cannot be carried out without brokers. Brokers who act as agents of buyers and sellers of futures are a necessary condition for trading in organized markets, such as commodity futures markets. The structure of brokers in futures trading is multilayer and involves participants in futures trading from floor brokers, immediate futures traders and the members of clearing and the clearing house itself, on the one hand, to numerous other necessary actors whose activities out of the stock exchange and the clearing house contribute to the efficient functioning of futures market. The fact that transactions between buyers and sellers in futures markets are not carried out directly but through brokers means that the obligations of buyers and sellers are formally conveyed to brokers, providing at the same time the guarantee by the broker that the actual buyer and the actual seller will fulfill their contractual obligations. At the very beginning of futures trading, the relationship between the seller and the buyer is transformed into a relationship between two brokers. Since that moment on, the original relationship is conveyed to higher levels of brokerage reaching the level of the clearing house. In the process of transformation of the buyer-seller relationship and transmitting obligations and guaranteeing their fulfillment, the clearing house itself becomes the buyer relative to all sellers and the seller relative to all buyers. In this way, it guarantees that obligations regarding all transactions in futures market will be fulfilled. The whole process is carried out in accordance with the prescribed procedures conducted on the floor of commodity exchange, in its administrative departments and in the clearing house itself.

7 CFR 917.122 - Qualification requirements and nominiation procedure for public members of Commodity Committees.

Science.gov (United States)

2010-01-01

... Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (Marketing Agreements and Orders; Fruits... members of Commodity Committees. (a) Public members shall not have a financial interest in or be associated with production, processing, financing, or marketing (except as consumers) of the commodities...

Voluntary Medical Male Circumcision: Logistics, Commodities, and Waste Management Requirements for Scale-Up of Services

Science.gov (United States)

Edgil, Dianna; Stankard, Petra; Forsythe, Steven; Rech, Dino; Chrouser, Kristin; Adamu, Tigistu; Sakallah, Sameer; Thomas, Anne Goldzier; Albertini, Jennifer; Stanton, David; Dickson, Kim Eva; Njeuhmeli, Emmanuel

2011-01-01

Background The global HIV prevention community is implementing voluntary medical male circumcision (VMMC) programs across eastern and southern Africa, with a goal of reaching 80% coverage in adult males by 2015. Successful implementation will depend on the accessibility of commodities essential for VMMC programming and the appropriate allocation of resources to support the VMMC supply chain. For this, the United States President’s Emergency Plan for AIDS Relief, in collaboration with the World Health Organization and the Joint United Nations Programme on HIV/AIDS, has developed a standard list of commodities for VMMC programs. Methods and Findings This list of commodities was used to inform program planning for a 1-y program to circumcise 152,000 adult men in Swaziland. During this process, additional key commodities were identified, expanding the standard list to include commodities for waste management, HIV counseling and testing, and the treatment of sexually transmitted infections. The approximate costs for the procurement of commodities, management of a supply chain, and waste disposal, were determined for the VMMC program in Swaziland using current market prices of goods and services. Previous costing studies of VMMC programs did not capture supply chain costs, nor the full range of commodities needed for VMMC program implementation or waste management. Our calculations indicate that depending upon the volume of services provided, supply chain and waste management, including commodities and associated labor, contribute between US$58.92 and US$73.57 to the cost of performing one adult male circumcision in Swaziland. Conclusions Experience with the VMMC program in Swaziland indicates that supply chain and waste management add approximately US$60 per circumcision, nearly doubling the total per procedure cost estimated previously; these additional costs are used to inform the estimate of per procedure costs modeled by Njeuhmeli et al. in “Voluntary Medical

Voluntary medical male circumcision: logistics, commodities, and waste management requirements for scale-up of services.

Directory of Open Access Journals (Sweden)

Dianna Edgil

2011-11-01

Full Text Available BACKGROUND: The global HIV prevention community is implementing voluntary medical male circumcision (VMMC programs across eastern and southern Africa, with a goal of reaching 80% coverage in adult males by 2015. Successful implementation will depend on the accessibility of commodities essential for VMMC programming and the appropriate allocation of resources to support the VMMC supply chain. For this, the United States President's Emergency Plan for AIDS Relief, in collaboration with the World Health Organization and the Joint United Nations Programme on HIV/AIDS, has developed a standard list of commodities for VMMC programs. METHODS AND FINDINGS: This list of commodities was used to inform program planning for a 1-y program to circumcise 152,000 adult men in Swaziland. During this process, additional key commodities were identified, expanding the standard list to include commodities for waste management, HIV counseling and testing, and the treatment of sexually transmitted infections. The approximate costs for the procurement of commodities, management of a supply chain, and waste disposal, were determined for the VMMC program in Swaziland using current market prices of goods and services. Previous costing studies of VMMC programs did not capture supply chain costs, nor the full range of commodities needed for VMMC program implementation or waste management. Our calculations indicate that depending upon the volume of services provided, supply chain and waste management, including commodities and associated labor, contribute between US$58.92 and US$73.57 to the cost of performing one adult male circumcision in Swaziland. CONCLUSIONS: Experience with the VMMC program in Swaziland indicates that supply chain and waste management add approximately US$60 per circumcision, nearly doubling the total per procedure cost estimated previously; these additional costs are used to inform the estimate of per procedure costs modeled by Njeuhmeli et al. in

LNG: a commodity in the making

International Nuclear Information System (INIS)

Chabrelie, M.F.

2006-01-01

Although still far from being a commodity, LNG is undoubtedly emerging as an essential vector for world gas expansion. The flexibility it procures in terms of supply is of prime importance for future market equilibrium. Despite a number of uncertainties and constraints liable to thwart the realisation of the most optimistic growth prospects, the LNG trade remains wedded to rapid growth of about 7%/year by 2020, boosting its share of world gas trade to some 38% by that horizon. (author)

LNG: a commodity in the making

Energy Technology Data Exchange (ETDEWEB)

Chabrelie, M.F

2006-07-01

Although still far from being a commodity, LNG is undoubtedly emerging as an essential vector for world gas expansion. The flexibility it procures in terms of supply is of prime importance for future market equilibrium. Despite a number of uncertainties and constraints liable to thwart the realisation of the most optimistic growth prospects, the LNG trade remains wedded to rapid growth of about 7%/year by 2020, boosting its share of world gas trade to some 38% by that horizon. (author)

LNG: a commodity in the making

International Nuclear Information System (INIS)

Chabrelie, M.F.

2006-01-01

Although still far being a commodity, LNG is undoubtedly emerging as an essential vector for world gas expansion. The flexibility it procures in terms of supply is of prime importance for future market equilibrium. Despite a number of uncertainties and constraints liable to thwart the realization of the most optimistic growth prospects, the LNG trade remains wedded to rapid growth of about 7% year by 2020, boosting its share of world gas trade to some 38% by that horizon. (author)

Financial states of world financial and commodities markets around sovereign debt crisis

Science.gov (United States)

Nobi, Ashadun; Lee, Jae Woo

2017-11-01

We applied a threshold method to construct a complex network from cross-correlations coefficients of 46 daily time series comprised of 23 global indices and 23 commodity futures from 2010 - 2014. We identify financial states of both global indices and commodity futures based on the change of the network structure. The trend of the average correlation is decreasing except sharp peak during crises during the study period. The threshold networks are generated at a threshold value of θ = 0.1 and the change of degrees of each node over time is used to identify the financial state for each index. We observe that commodity futures, such as EU CO2 emission, live cattle, natural gas as well as the financial indices of Jakarta and Indonesia stock exchange (JKSE) and Kuala Lumpur stock exchange (KLSE) change states frequently. By the average change in links we identify the indices which are more reactive to crises.

Network governance in electricity distribution: Public utility or commodity

International Nuclear Information System (INIS)

Kuenneke, Rolf; Fens, Theo

2005-01-01

This paper addresses the question whether the operation and management of electricity distribution networks in a liberalized market environment evolves into a market driven commodity business or might be perceived as a genuine public utility task. A framework is developed to classify and compare different institutional arrangements according to the public utility model and the commodity model. These models are exemplified for the case of the Dutch electricity sector. It appears that the institutional organization of electricity distribution networks is at the crossroads of two very different institutional development paths. They develop towards commercial business if the system characteristics of the electricity sector remain basically unchanged to the traditional situation. If however innovative technological developments allow for a decentralization and decomposition of the electricity system, distribution networks might be operated as public utilities while other energy services are exploited commercially. (Author)

Education: Commodity, Come-On, or Commitment?

Science.gov (United States)

Moore, John W.

2000-07-01

July 4, and the glass art shown on pages 812-816, remind us that freedom is fragile. Through their governments, citizens of democracies have traditionally made strong commitments to education on grounds that without it individuals would not be able to act responsibly and to make wise decisions in voting booths and public meetings. All citizens have a stake in everyone's education, because a better-educated citizenry benefits all of society. In this country such a commitment has produced a system of public schools and public universities that offers opportunities to many who otherwise could not afford a level of education commensurate with their talents. But there are signs that this commitment to public education is flagging. Many students, teachers, and administrators view education as merely a way to enhance personal prosperity. How often have you heard the statistic that a college education pays for itself through increased earning power, even if it costs $20,000-30,000 per year? Investing in education pays off just as investing in the stock market does, provided you wait long enough. Attending a better school gets you a better job and a better income. In other words, a certified level of education is a commodity-something that is useful and can be turned to commercial advantage. Viewing education as a commodity has several consequences. First, if education is a means to better employment rather than better citizenship, why should anyone pay for it other than the person who benefits? Why should I pay taxes to help someone else get a better job when I could be spending the money for my own benefit? Education as a commodity makes such attitudes reasonable, though not commendable, and the result is lessened support for public education. Second, those who supply education as an economic good should be rewarded, and those who are much better at educating should be rewarded much more. Hence the fear of Arthur Levine, president of Teachers College, Columbia University

Regiones-commodities: Crisis y contagio en Chile

Directory of Open Access Journals (Sweden)

Antonio Daher

2003-05-01

Full Text Available La hipótesis de un nuevo dualismo entre una capital subglobal y sus "regiones-commodities" subyace en el estudio del impacto diferencial de las tres últimas crisis internacionales en las regiones de Chile, cuantificado a través de cuatro indicadores: el producto, el empleo, la inversión externa y las exportaciones, cuya variación permite verificar la disímil vulnerabilidad de cada región y su desigual exposición al riesgo de contagio de crisis. Fundamentado en un marco conceptual que sostiene que las crisis siguen siendo más regionales que globales, y que existe una verdadera geografía del contagio, el estudio muestra evidencia empírica que permite constatar: 1 la reproducción de un desbalance norte-sur al interior de Chile; 2 la doble paradoja de Santiago, cuya economía es la más diversificada y la más vulnerable, la más recesiva y la de mayor crecimiento; 3 la emergencia de Antofagasta como segunda economía regional de Chile, desplazando a Valparaíso y Concepción; 4 el paralelismo de Santiago y Antofagasta como regiones con el mayor producto, la mayor inversión extranjera y mayores exportaciones; y 5 la "mercosurización" de Santiago, capital subglobal, y la globalización de sus "regiones-commodities".The hypothesis of a new dualism between a sub-global capital city and its "commodities regions" underlies the study of the differential impact of the three last international crises on the regions of Chile. This impact is quantified through four indicators: product, employment, foreign investment and exports, and their variability allow the verification of the dissimilar vulnerability of each region and its dissimilar exposure to the risk of crisis contamination. The study is based on a conceptual frame that states that crisis continue to be more regional-like than global, and that there is a real geography of contamination. On the other hand, this study shows empirical evidence which makes it possible to verify: 1 the

A change in a competitive economy with indivisible commodities

OpenAIRE

Takayuki Oishi; Shin Sakaue

2008-01-01

We consider the relationship between a traditional competitive market and a competitive market with middlemen for trading indivisible commodities. We demonstrate that existence of many homogeneous middlemen leads to a change from the market with middlemen to the bilateral market.

Modelling Long Memory Volatility in Agricultural Commodity Futures Returns

NARCIS (Netherlands)

R. Tansuchat (Roengchai); C-L. Chang (Chia-Lin); M.J. McAleer (Michael)

2009-01-01

textabstractThis paper estimates the long memory volatility model for 16 agricultural commodity futures returns from different futures markets, namely corn, oats, soybeans, soybean meal, soybean oil, wheat, live cattle, cattle feeder, pork, cocoa, coffee, cotton, orange juice, Kansas City wheat,

Modelling Long Memory Volatility in Agricultural Commodity Futures Returns

NARCIS (Netherlands)

C-L. Chang (Chia-Lin); M.J. McAleer (Michael); R. Tansuchat (Roengchai)

2012-01-01

textabstractThis paper estimates a long memory volatility model for 16 agricultural commodity futures returns from different futures markets, namely corn, oats, soybeans, soybean meal, soybean oil, wheat, live cattle, cattle feeder, pork, cocoa, coffee, cotton, orange juice, Kansas City wheat,

Techniques for Analyzing the Attractiveness of International Commodity Markets Under Conditions of Economic Globalization

Directory of Open Access Journals (Sweden)

Olha Pryhara

2006-03-01

Full Text Available This article examines existing techniques and proposes its own for analyzing the attractiveness of international commodity markets in light of the globalization of world economic processes. Taking into account the supranational nature of the world economic environment when examining categories in the attractiveness of international commodity markets, the author introduces a multilevel system of indicators: market attractiveness at the mega-level – global level; market attractiveness at the macro-level national level; market attractiveness at the mezo-level – level of an individual sector. The attractiveness of international commodity markets is considered to be the degree of conformity between market environment factors and the mega-, macro- and mezo-levels of the economic interests of enterprises concerning the entry into and strategies for their activity on the international commodity markets in the short-, medium- and long-term. The author designs a stage-by-stage technique for strategically analyzing the attractiveness of international commodity markets in order to frame efficient market strategies of enterprises. Relying on the proposed techniques, she rates the integrated indicators of market accessibility and the possibility of realizing the economic interests of enterprises in target markets, bringing the index data into a matrix of «market accessibility – opportunity for realizing the economic interests of enterprises.» The analysis of a country’s position in the matrix makes it possible to frame efficient market strategies for enterprises.

Deforestation risk due to commodity crop expansion in sub-Saharan Africa

Science.gov (United States)

Ordway, Elsa M.; Asner, Gregory P.; Lambin, Eric F.

2017-04-01

Rapid integration of global agricultural markets and subsequent cropland displacement in recent decades increased large-scale tropical deforestation in South America and Southeast Asia. Growing land scarcity and more stringent land use regulations in these regions could incentivize the offshoring of export-oriented commodity crops to sub-Saharan Africa (SSA). We assess the effects of domestic- and export-oriented agricultural expansion on deforestation in SSA in recent decades. Analyses were conducted at the global, regional and local scales. We found that commodity crops are expanding in SSA, increasing pressure on tropical forests. Four Congo Basin countries, Sierra Leone, Liberia, and Côte d’Ivoire were most at risk in terms of exposure, vulnerability and pressures from agricultural expansion. These countries averaged the highest percent forest cover (58% ± 17.93) and lowest proportions of potentially available cropland outside forest areas (1% ± 0.89). Foreign investment in these countries was concentrated in oil palm production (81%), with a median investment area of 41 582 thousand ha. Cocoa, the fastest expanding export-oriented crop across SSA, accounted for 57% of global expansion in 2000-2013 at a rate of 132 thousand ha yr-1. However, cocoa only amounted to 0.89% of foreign land investment. Commodity crop expansion in SSA appears largely driven by small- and medium-scale farmers rather than industrial plantations. Land-use changes associated with large-scale investments remain to be observed in many countries. Although domestic demand for commodity crops was associated with most agricultural expansion, we provide evidence of a growing influence of distant markets on land-use change in SSA.

7 CFR 1599.11 - Use of commodities and sale proceeds.

Science.gov (United States)

2010-01-01

... SERVICE, DEPARTMENT OF AGRICULTURE McGOVERN-DOLE INTERNATIONAL FOOD FOR EDUCATION AND CHILD NUTRITION... sell the donated commodities at a reasonable market price in the economy where the sale occurs. The...

Miniaturized compact water-cooled pitot-pressure probe for flow-field surveys in hypersonic wind tunnels

Science.gov (United States)

Ashby, George C.

1988-01-01

An experimental investigation of the design of pitot probes for flowfield surveys in hypersonic wind tunnels is reported. The results show that a pitot-pressure probe can be miniaturized for minimum interference effects by locating the transducer in the probe support body and water-cooling it so that the pressure-settling time and transducer temperature are compatible with hypersonic tunnel operation and flow conditions. Flowfield surveys around a two-to-one elliptical cone model in a 20-inch Mach 6 wind tunnel using such a probe show that probe interference effects are essentially eliminated.

Survey of hydrologic models and hydrologic data needs for tracking flow in the Rio Grande, north-central New Mexico, 2010

Science.gov (United States)

Tillery, Anne; Eggleston, Jack R.

2012-01-01

The six Middle Rio Grande Pueblos have prior and paramount rights to deliveries of water from the Rio Grande for their use. When the pueblos or the Bureau of Indian Affairs Designated Engineer identifies a need for additional flow on the Rio Grande, the Designated Engineer is tasked with deciding the timing and amount of releases of prior and paramount water from storage at El Vado Reservoir to meet the needs of the pueblos. Over the last three decades, numerous models have been developed by Federal, State, and local agencies in New Mexico to simulate, understand, and (or) manage flows in the Middle Rio Grande upstream from Elephant Butte Reservoir. In 2008, the Coalition of Six Middle Rio Grande Basin Pueblos entered into a cooperative agreement with the U.S. Geological Survey to conduct a comprehensive survey of these hydrologic models and their capacity to quantify and track various components of flow. The survey of hydrologic models provided in this report will help water-resource managers at the pueblos, as well as the Designated Engineer, make informed water-resource-management decisions that affect the prior and paramount water use. Analysis of 4 publicly available surface-water models and 13 publicly available groundwater models shows that, although elements from many models can be helpful in tracking flow in the Rio Grande, numerous data gaps and modeling needs indicate that accurate, consistent, and timely tracking of flow on the Rio Grande could be improved. Deficient or poorly constrained hydrologic variables are sources of uncertainty in hydrologic models that can be reduced with the acquisition of more refined data. Data gaps need to be filled to allow hydrologic models to be run on a real-time basis and thus ensure predictable water deliveries to meet needs for irrigation, domestic, stock, and other water uses. Timeliness of flow-data reporting is necessary to facilitate real-time model simulation, but even daily data are sometimes difficult to

AN OVERVIEW OF MAJOR SOURCES OF DATA AND ANALYSES RELATING TO PHYSICAL FUNDAMENTALS IN INTERNATIONAL COMMODITY MARKETS

OpenAIRE

Pilar Fajarnes

2011-01-01

The debate on whether price movements in commodity markets are determined by changes in physical supply and demand fundamentals or by the speculative effects of financial investors seems to find some element of agreement on one particular point: the need for increased transparency and improved information on futures markets and physical commodity markets. This discussion paper provides an assessment of the current situation with regard to availability of information on physical commodity mark...

Titanium recycling in the United States in 2004, chap. Y of Sibley, S.F., ed., Flow studies for recycling metal commodities in the United States

Science.gov (United States)

Goonan, Thomas G.

2010-01-01

As one of a series of reports that describe the recycling of metal commodities in the United States, this report discusses the titanium metal fraction of the titanium economy, which generates and uses titanium metal scrap in its operations. Data for 2004 were selected to demonstrate the titanium flows associated with these operations. This report includes a description of titanium metal supply and demand in the United States to illustrate the extent of titanium recycling and to identify recycling trends. In 2004, U.S. apparent consumption of titanium metal (contained in various titanium-bearing products) was 45,000 metric tons (t) of titanium, which was distributed as follows: 25,000 t of titanium recovered as new scrap, 9,000 t of titanium as titanium metal and titanium alloy products delivered to the U.S. titanium products reservoir, 7,000 t of titanium consumed by steelmaking and other industries, and 4,000 t of titanium contained in unwrought and wrought products exported. Titanium recycling is concentrated within the titanium metals sector of the total titanium market. The titanium market is otherwise dominated by pigment (titanium oxide) products, which generate dissipative losses instead of recyclable scrap. In 2004, scrap (predominantly new scrap) was the source of roughly 54 percent of the titanium metal content of U.S.-produced titanium metal products.

17 CFR 1.1 - Fraud in or in connection with transactions in foreign currency subject to the Commodity Exchange...

Science.gov (United States)

2010-04-01

... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Fraud in or in connection with... Securities Exchanges COMMODITY FUTURES TRADING COMMISSION GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT Definitions § 1.1 Fraud in or in connection with transactions in foreign currency subject to the...

Performing Free Radioactive Certificate as an Effort to Protect Import and Export Commodities in Globalization Era

International Nuclear Information System (INIS)

Kunto-Wiharto; Syarbaini

2001-01-01

Several activities such as nuclear weapon tests, nuclear fuel reprocessing and nuclear accidents have caused radioactive contamination in local, regional and global environment. In globalization and free trade era, every country will be faced to the condition with the movable commodities from and to another countries. Global contamination through import and export commodities is a problem will be found every country in the future. Therefore, performing free radioactive certification on import and export commodities must be carried out to protect a member of public and environment from radioactive contamination. (author)

Using Discrete Event Simulation to Model Integrated Commodities Consumption for a Launch Campaign of the Space Launch System

Science.gov (United States)

Leonard, Daniel; Parsons, Jeremy W.; Cates, Grant

2014-01-01

In May 2013, NASA's GSDO Program requested a study to develop a discrete event simulation (DES) model that analyzes the launch campaign process of the Space Launch System (SLS) from an integrated commodities perspective. The scope of the study includes launch countdown and scrub turnaround and focuses on four core launch commodities: hydrogen, oxygen, nitrogen, and helium. Previously, the commodities were only analyzed individually and deterministically for their launch support capability, but this study was the first to integrate them to examine the impact of their interactions on a launch campaign as well as the effects of process variability on commodity availability. The study produced a validated DES model with Rockwell Arena that showed that Kennedy Space Center's ground systems were capable of supporting a 48-hour scrub turnaround for the SLS. The model will be maintained and updated to provide commodity consumption analysis of future ground system and SLS configurations.

Using Empirical Data to Estimate Potential Functions in Commodity Markets: Some Initial Results

Science.gov (United States)

Shen, C.; Haven, E.

2017-12-01

This paper focuses on estimating real and quantum potentials from financial commodities. The log returns of six common commodities are considered. We find that some phenomena, such as the vertical potential walls and the time scale issue of the variation on returns, also exists in commodity markets. By comparing the quantum and classical potentials, we attempt to demonstrate that the information within these two types of potentials is different. We believe this empirical result is consistent with the theoretical assumption that quantum potentials (when embedded into social science contexts) may contain some social cognitive or market psychological information, while classical potentials mainly reflect `hard' market conditions. We also compare the two potential forces and explore their relationship by simply estimating the Pearson correlation between them. The Medium or weak interaction effect may indicate that the cognitive system among traders may be affected by those `hard' market conditions.

Competitiveness of Slovak agri-food commodities in third country markets

Directory of Open Access Journals (Sweden)

Iveta Ubrežiová

2012-01-01

Full Text Available The impression of a single “European” market is gradually generated mainly due to action of the Common Agricultural Policy. Most of the agro-food complex enterprises see opportunities especially in the internationalization, globalization and regionalization in the agri-food sector, in pursuance of this, they are gradually smouldering innovative activities and trying to work on their competitive advantages. Based on the written we can say, that the issue of the competitiveness of enterprises, as well as of various commodities is in the current period highly current and adequate. The importance of the trade with so-called third countries is still increasing. This increase is mainly caused by the enlargement of the European Union in the term of foreign trade and it can be also confirmed from the results of the research. As the results of the research shows, the most important customers of the Slovak agri-food commodities are the Commonwealth of Independent States, where in the followed four-year period went within third countries at the average of 32.9% of the total Slovak agriculture export, also countries of EUROMED, where this proportion was 18.4%, and Croatia, with the proportion of 19.1%. These countries are the largest buyers of such Slovak agri-food commodities as are for example malt, chocolate and live cattle. On the other hand, Slovak republic is in agri-food import mostly dependent on such countries as are for example MERCOSUR countries, Mediterranean countries EUROMED, the African, Caribbean and Pacific (ACP, China, ASEAN and the U.S., which are the major suppliers of so-called „irreplaceable“ items, which Slovak republic can not produce.Results of the research also shows that while the importance of the trade with those countries (note- third countries is still increasing, Slovak export to third countries, in the contrast to its import, is still decreasing and that the most competitive agri-food commodities are for example live

Duurzaamheid en grondstoffen voor diervoeding = Sustainability and feed commodity production

NARCIS (Netherlands)

Gosselink, J.M.J.; Bindraban, P.S.; Bos, J.F.F.P.

2010-01-01

This study creates a preliminary framework to judge the sustainability of production of agricultural commodities for the purpose of animal nutrition. Criteria are selected according to the economic, societal and ecological dimensions of sustainability.

75 FR 16453 - Nasdaq OMX Commodities Clearing-Finance, LLC; Supplemental Notice That Initial Market-Based Rate...

Science.gov (United States)

2010-04-01

... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. ER10-914-000] Nasdaq OMX Commodities Clearing--Finance, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes Request...-referenced proceeding of Nasdaq OMX Commodities Clearing--Finance, LLC's application for market- based rate...

48 CFR 470.202 - Acquisition of commodities for United States Agency for International Development (USAID) programs.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 4 2010-10-01 2010-10-01 false Acquisition of commodities... Federal Acquisition Regulations System DEPARTMENT OF AGRICULTURE FOOD ASSISTANCE PROGRAMS COMMODITY...) programs. (a) Lowest landed cost and delivery considerations. (1) Except as provided in paragraphs (a)(3...

Role of Reproductive Health Commodity Security on Maternal and ...

African Journals Online (AJOL)

Methods: A Medline search and search of other internet search engines for published studies on contraceptive commodity security and maternal and child health in West Africa was done. The journals were accessed online and from public libraries. Results: Contraceptive prevalence rate in West Africa is generally low.

45 CFR 205.25 - Eligibility of supplemental security income beneficiaries for food stamps or surplus commodities.

Science.gov (United States)

2010-10-01

... beneficiaries for food stamps or surplus commodities. 205.25 Section 205.25 Public Welfare Regulations Relating....25 Eligibility of supplemental security income beneficiaries for food stamps or surplus commodities... XVI of the Social Security Act, the State agency shall make the following determinations: (1) The...

Agricultural Commodity Price Shocks and their Effect on Growth in Sub-Saharan Africa

OpenAIRE

Addison, Tony; Ghoshray, Atanu

2014-01-01

Commodity price shocks are an important type of external shock and are often cited as a problem for economic growth in sub-Saharan Africa. This paper quantifies the impact of agricultural commodity price shocks using a near vector autoregressive model. The novel aspect of this model is that we define an auxiliary variable that can potentially capture the definition of a price shock that allows us to determine whether the response of per capita Gross domestic product (GDP) growth in sub-Sahara...

Indonesia Export, Import, and Demand for Domestic Commodities under Economics Liberalisation

Directory of Open Access Journals (Sweden)

Andi Irawan

2011-09-01

Full Text Available The aim of this research is to identify the behaviour of export, import and domestic commoditiesdemand in liberalization era both in the long run and the short run. This researchapplies the Vector Error Correction Model, Johansen Cointegration Test, Impulse ResponseAnalysis and Granger Causality Test. The data range from 1993:01 to 2002:12. The resultshows that in the long run the cross-price elasticity of imported non agricultural goods withrespect to demand for domestically produced goods have lower magnitudes than own priceelasticity of domestically produced goods. The demand elasticity of import commodities iselastic but that of domestic commodities is inelastic.Keywords: Import, Export, Economic Liberalization, Vector Error Correction Model

Processing of combined domestic bath and laundry waste waters for reuse as commode flushing water

Science.gov (United States)

Hypes, W. D.; Batten, C. E.; Wilkins, J. R.

1975-01-01

An experimental investigation of processes and system configurations for reclaiming combined bath and laundry waste waters for reuse as commode flush water was conducted. A 90-min recycle flow was effective in removing particulates and in improving other physical characteristics to the extent that the filtered water was subjectively acceptable for reuse. The addition of a charcoal filter resulted in noticeable improvements in color, turbidity, and suds elimination. Heating and chlorination of the waste waters were investigated for reducing total organism counts and eliminating coliform organisms. A temperature of 335.9 K (145 F) for 30 min and chlorine concentrations of 20 mg/l in the collection tank followed by 10 mg/l in the storage tank were determined to be adequate for this purpose. Water volume relationships and energy-use rates for the waste water reuse systems are also discussed.

The Effects of Digital Marketing of Unhealthy Commodities on Young People: A Systematic Review

OpenAIRE

Limin Buchanan; Bridget Kelly; Heather Yeatman; Kishan Kariippanon

2018-01-01

The marketing of unhealthy commodities through traditional media is known to impact consumers’ product attitudes and behaviors. Less is known about the impacts of digital marketing (online promotional activities), especially among young people who have a strong online presence. This review systematically assesses the relationship between digital marketing and young people’s attitudes and behaviors towards unhealthy commodities. Literature was identified in June 2017 by searches in six electro...

Dependence structure of the commodity and stock markets, and relevant multi-spread strategy

Science.gov (United States)

Kim, Min Jae; Kim, Sehyun; Jo, Yong Hwan; Kim, Soo Yong

2011-10-01

Understanding the dependence structure between the commodity and stock markets is a crucial issue in constructing a portfolio. It can also help us to discover new opportunities to implement spread trading using multiple assets classified in the two different markets. This study analyzed the dependence structure of the commodity and stock markets using the random matrix theory technique and network analysis. Our results show that the stock and commodity markets must be handled as completely separated asset classes except for the oil and gold markets, so the performance enhancement of the mean-variance portfolio is significant as expected. In light of the fact that WTI 1 month futures and four oil-related stocks are strongly correlated, they were selected as basic ingredients to complement the multi-spread convergence trading strategy using a machine learning technique called the AdaBoost algorithm. The performance of this strategy for non-myopic investors, who can endure short-term loss, can be enhanced significantly on a risk measurement basis.

Comparison of production-phase environmental impact metrics derived at the farm- and national-scale for United States agricultural commodities

International Nuclear Information System (INIS)

Costello, Christine; Xue, Xiaobo; Howarth, Robert W

2015-01-01

Agricultural production is critical for human survival and simultaneously contributes to ecosystem degradation. There is a need for transparent, rapid methods for evaluating the environmental impacts of agricultural production at the system-level in order to develop sustainable food supplies. We have developed a method for estimating the greenhouse gas (GHG), land use and reactive nitrogen inputs associated with the agricultural production phase of major crop and livestock commodities produced in the United States (US). Materials flow analysis (MFA) and life cycle assessment (LCA) techniques were applied to national inventory datasets. The net anthropogenic nitrogen inputs (NANI) toolbox served as the primary accounting tool for LCA and MFA. NANI was updated to create links between nitrogen fertilizer and nitrogen fixation associated with feed crops and animal food commodities. Results for the functional units kilogram (kg) of product and kg of protein for 2002 data fall within ranges of published LCA results from farm-scale studies across most metrics. Exceptions include eutrophication potential for milk and GHGs for chicken and eggs, these exceptions arise due to differing methods and boundary assumptions; suggestions for increasing agreement are identified. Land use for livestock commodities are generally higher than reported by other LCA studies due to the inclusion of all land identified as pasture or grazing land in the US in this study and given that most of the estimates from other LCAs were completed in Europe where land is less abundant. The method provides a view of the entire US agricultural system and could be applied to any year using publically available data. Additionally, utilizing a top-down approach reduces data collection and processing time making it possible to develop environmental inventory metrics rapidly for system-level decision-making. (letter)

Mineral production and mining trends for selected non-fuel commodities in Idaho and Montana, 1905-2001

Science.gov (United States)

Larsen, Jeremy C.; Long, Keith R.; Assmus, Kenneth C.; Zientek, Michael L.

2004-01-01

Idaho and Montana state mining statistics were obtained from historical mineral production records and compiled into a continuous record from 1905 through 2001. To facilitate comparisons, the mineral production data were normalized by converting the units of measure to metric tons for all included commodities. These standardized statistical data include production rates for principal non-fuel mineral commodities from both Idaho and Montana, as well as the production rates of similar commodities for the U.S. and the world for contrast. Data are presented here in both tabular and bar chart format. Moreover, the tables of standardized mineral production data are also provided in digital format as, commodity_production.xls. Some significant historical events pertaining to the mining industry are described as well. When taken into account with the historical production data, this combined information may to help explain both specific fluctuations and general tendencies in the overall trends in the rates of mineral resource production over time.

Phytosanitary irradiation of fresh tropical commodities in Hawaii: Generic treatments, commercial adoption, and current issues

International Nuclear Information System (INIS)

Follett, Peter A.; Weinert, Eric D.

2012-01-01

Hawaii is a pioneer in the use of phytosanitary irradiation. The commercial X-ray irradiation facility, Hawaii Pride LLC, has been shipping papaya and other tropical fruits and vegetables to the United States mainland using irradiation for 11 years. Irradiation is an approved treatment to control quarantine pests in 17 fruits and 7 vegetables for export from Hawaii to the US mainland. Hawaiian purple sweet potato is the highest volume product with annual exports of more than 12 million lbs (5500 t). The advent of generic radiation treatments for tephritid fruit flies (150 Gy) and other insects (400 Gy) will accelerate commodity export approvals and facilitate worldwide adoption. Lowering doses for specific pests and commodities can lower treatment costs and increase capacity owing to shorter treatment times, and will minimize any quality problems. Current impediments to wider adoption include the 1 kGy limit for fresh horticultural products, the labeling requirement, and non-acceptance of phytosanitary irradiation in Japan, the European Union, and elsewhere. Irradiation has potential as a treatment for unregulated imports to prevent new pest incursions. - Highlights: ► Irradiation is used to control quarantine insects in exported fresh commodities. ► Hawaii exported 5.7 t of tropical produce using irradiation in 2010. ► Generic radiation treatments will accelerate commodity export approvals. ► Lowering the dose for specific commodities will reduce costs/maintain quality. ► Current issues include the 1 kGy dose limit and labeling requirements.

Sensitive Information Tracking in Commodity IoT

OpenAIRE

Celik, Z. Berkay; Babun, Leonardo; Sikder, Amit K.; Aksu, Hidayet; Tan, Gang; McDaniel, Patrick; Uluagac, A. Selcuk

2018-01-01

Broadly defined as the Internet of Things (IoT), the growth of commodity devices that integrate physical processes with digital connectivity has had profound effects on society--smart homes, personal monitoring devices, enhanced manufacturing and other IoT apps have changed the way we live, play, and work. Yet extant IoT platforms provide few means of evaluating the use (and potential avenues for misuse) of sensitive information. Thus, consumers and organizations have little information to as...

Monetary Policy, Commodity Prices and Infl ation – Empirical Evidence from the US

OpenAIRE

Verheyen, Florian

2010-01-01

The past years were characterized by unprecedented rises in prices of commodities such as oil or wheat and inflation rates moved up above the mark of two percent per annum. This led to a revival of the debate whether commodity prices indicate future CPI inflation and if they can be used as indicator variables for central banks or not. We apply various econometric methods like Granger causality tests and SVAR models to US data. The results corroborate the notion that there was a strong link be...

Real Time Business Analytics for Buying or Selling Transaction on Commodity Warehouse Receipt System

Science.gov (United States)

Djatna, Taufik; Teniwut, Wellem A.; Hairiyah, Nina; Marimin

2017-10-01

The requirement for smooth information such as buying and selling is essential for commodity warehouse receipt system such as dried seaweed and their stakeholders to transact for an operational transaction. Transactions of buying or selling a commodity warehouse receipt system are a risky process due to the fluctuations in dynamic commodity prices. An integrated system to determine the condition of the real time was needed to make a decision-making transaction by the owner or prospective buyer. The primary motivation of this study is to propose computational methods to trace market tendency for either buying or selling processes. The empirical results reveal that feature selection gain ratio and k-NN outperforms other forecasting models, implying that the proposed approach is a promising alternative to the stock market tendency of warehouse receipt document exploration with accurate level rate is 95.03%.

International commodity prices, growth and the outbreak of Civil War in Sub-Saharan Africa

OpenAIRE

Markus Brückner; Antonio Ciccone

2007-01-01

To learn more about the effect of economic conditions on civil war, we examine whether Sub-Saharan civil wars are more likely to start following downturns in the international price of countries’ main export commodities. The data show a robust effect of commodity price downturns on the outbreak of civil wars. We also find that Sub-Saharan countries are more likely to see civil wars following economic downturns in their main OECD export destinations.

International Commodity Prices, Growth, and the Outbreak of Civil War in Sub-Saharan Africa

OpenAIRE

Markus Brückner; Antonio Ciccone

2009-01-01

To learn more about the effect of economic conditions on civil war, we examine whether Sub-Saharan civil wars are more likely to start following downturns in the international price of countries main export commodities. The data show a robust effect of commodity price downturns on the outbreak of civil wars. We also find that Sub-Saharan countries are more likely to see civil wars following economic downturns in their main OECD export destinations.

Tips for Organizing an Educational Agricultural Commodity Trading Club

Science.gov (United States)

Yost, John

2011-01-01

Educational commodity marketing clubs have been an effective tool for producers to develop their grain and livestock marketing skills. These groups are further enhanced when the participants engage in "actual trading" versus "paper trading" techniques. When a club chooses to try actual trading, it becomes more complicated than pooling monies…

A policy-oriented cost model for shipping commodities by truck.

Science.gov (United States)

2009-12-01

Surprisingly, transportation planners and policy makers do not have the ability to estimate the cost of shipping a quantity of a commodity between two : locations for broad categories of goods. Costs of shipping are important components in mode, rout...

The impact of global oil price shocks on China’s bulk commodity markets and fundamental industries

International Nuclear Information System (INIS)

Zhang, Chuanguo; Chen, Xiaoqing

2014-01-01

This paper investigated the reaction of aggregate commodity market to oil price shocks and also explored the effects of oil price shocks on China's fundamental industries: metals, petrochemicals, grains and oilfats. We separated the volatilities of oil price into expected, unexpected and negatively expected categories to identify how oil prices influence bulk commodity markets. We contrasted the results between different periods and among classified indices, in order to discover the significant changes in recent years and the differences at an industry level. Our results indicate that the aggregate commodity market was affected by both expected and unexpected oil price volatilities in China. The impact of unexpected oil price volatilities became more complex after 2007. The metals and grains indices did not significantly respond to the expected volatility in oil prices, in contrast to the petrochemicals and oilfats indices. These results not only contribute to advancing the existing literature, but also merit particular attention from policy makers and market investors in China. - Highlights: • We investigated the impact of global oil price shocks on China’s bulk commodity markets and fundamental industries. • The aggregate commodity market was affected by both expected and unexpected oil price volatilities. • The impact of unexpected oil price volatilities became more complex after 2007. • The metals and grains indices did not significantly respond to the expected volatility in oil prices

The Impact of the Global Commodity and Financial Crises on Poverty in Vietnam

DEFF Research Database (Denmark)

Thurlow, James; Tarp, Finn; McCoy, Simon

Economic growth in Vietnam has been fairly resilient to the global commodity and financial crises, but it is unclear why. In addition, the impact of the crises on employment and poverty is in dispute. We develop a dynamic computable general equilibrium model to decompose impacts and estimate...... distributional outcomes. Our results indicate that the 2008 commodity crisis increased employment and reduced poverty by favouring labour-intensive exports, especially in agriculture. The 2009 financial crisis reversed these gains. It pushed more than a million workers into unemployment and about 3 million...

Aromatherapy Oils: Commodities, Materials, Essences

Directory of Open Access Journals (Sweden)

Ruth Barcan

2014-08-01

Full Text Available This article examines the essential oils that are the central tools of aromatherapy and uses them as a case study for different approaches to material culture. It considers the conceptual and political implications of thinking of essential oils as, in turn, commodities, materials and essences. I argue that both cultural studies and aromatherapy have something to learn from each other. Classic materialist approaches might do well to focus more attention on the material properties and effects of things. Aromatherapy, on the other hand, could benefit from the enriched political understanding associated with classic materialist critique. New materialist strains of cultural studies may also find the vibrancy of matter that underpins many CAM/New Age practices worthy of examination.

Towards Online Visualization and Interactive Monitoring of Real-Time CFD Simulations on Commodity Hardware

Directory of Open Access Journals (Sweden)

Nils Koliha

2015-09-01

Full Text Available Real-time rendering in the realm of computational fluid dynamics (CFD in particular and scientific high performance computing (HPC in general is a comparably young field of research, as the complexity of most problems with practical relevance is too high for a real-time numerical simulation. However, recent advances in HPC and the development of very efficient numerical techniques allow running first optimized numerical simulations in or near real-time, which in return requires integrated and optimized visualization techniques that do not affect performance. In this contribution, we present concepts, implementation details and several application examples of a minimally-invasive, efficient visualization tool for the interactive monitoring of 2D and 3D turbulent flow simulations on commodity hardware. The numerical simulations are conducted with ELBE, an efficient lattice Boltzmann environment based on NVIDIA CUDA (Compute Unified Device Architecture, which provides optimized numerical kernels for 2D and 3D computational fluid dynamics with fluid-structure interactions and turbulence.

An analysis on types of strategic commodities and technologies

International Nuclear Information System (INIS)

Tae, Jaewoong; Shin, Donghun

2013-01-01

In the study, Reconsideration of classification cases was carried out and a database was built based on Information of classification requests as features which are necessary for data mining. In this study, two main features of classified documents were organized systematically to apply data mining skills. It will be helpful to discover association rules between documents and to classify documents as they are key factors of strategic commodity classification. In addition, the classification scheme presented in the study helps step-by-step search by adding the auxiliary search criteria. The international community strengthened the export control regime. Accordingly, Korea also needs to fully comply with the export control obligations. Despite International export control regimes are strengthened, the current system to control exports of strategic commodities relies on limited human resource and experience to the situation. Especially, exports of nuclear power plants are related to one thousand kinds more material. Thus, the burden of the government, relevant institutes and enterprises has increased a lot. It is necessary to enhance the ease and efficiency of export control business processes in order to cope with such export control issues. NSSC operates the NEPS system for export control of nuclear items. Technical reviewers can search past cases of strategic commodity classification on NEPS system. However, searching function of NEPS system has limitations because exports to UAE and Jordan increased sharply, but characteristics of classification requests are not systematized. To provide more efficient ways to their decisions, development of the advanced export control system, IXCS (Intelligent eXport Control System) is considered. IXCS will adopt various methods including data mining. Data mining is the computational process of discovering patterns in large data sets. It is an efficient way to find out hidden consideration patterns. However, it needs many kinds of

An analysis on types of strategic commodities and technologies

Energy Technology Data Exchange (ETDEWEB)

Tae, Jaewoong; Shin, Donghun [Korea Institute of Nuclear Nonproliferation and Control, Daejeon (Korea, Republic of)

2013-05-15

In the study, Reconsideration of classification cases was carried out and a database was built based on Information of classification requests as features which are necessary for data mining. In this study, two main features of classified documents were organized systematically to apply data mining skills. It will be helpful to discover association rules between documents and to classify documents as they are key factors of strategic commodity classification. In addition, the classification scheme presented in the study helps step-by-step search by adding the auxiliary search criteria. The international community strengthened the export control regime. Accordingly, Korea also needs to fully comply with the export control obligations. Despite International export control regimes are strengthened, the current system to control exports of strategic commodities relies on limited human resource and experience to the situation. Especially, exports of nuclear power plants are related to one thousand kinds more material. Thus, the burden of the government, relevant institutes and enterprises has increased a lot. It is necessary to enhance the ease and efficiency of export control business processes in order to cope with such export control issues. NSSC operates the NEPS system for export control of nuclear items. Technical reviewers can search past cases of strategic commodity classification on NEPS system. However, searching function of NEPS system has limitations because exports to UAE and Jordan increased sharply, but characteristics of classification requests are not systematized. To provide more efficient ways to their decisions, development of the advanced export control system, IXCS (Intelligent eXport Control System) is considered. IXCS will adopt various methods including data mining. Data mining is the computational process of discovering patterns in large data sets. It is an efficient way to find out hidden consideration patterns. However, it needs many kinds of

THE ANALYSIS OF THE COMMODITY PRICE FORECASTING SUCCESS CONSIDERING DIFFERENT LENGTHS OF THE INITIAL CONDITION DRIFT

Directory of Open Access Journals (Sweden)

Marcela Lascsáková

2015-09-01

Full Text Available In the paper the numerical model based on the exponential approximation of commodity stock exchanges was derived. The price prognoses of aluminium on the London Metal Exchange were determined as numerical solution of the Cauchy initial problem for the 1st order ordinary differential equation. To make the numerical model more accurate the idea of the modification of the initial condition value by the stock exchange was realized. By having analyzed the forecasting success of the chosen initial condition drift types, the initial condition drift providing the most accurate prognoses for the commodity price movements was determined. The suggested modification of the original model made the commodity price prognoses more accurate.

International Commodities Prices, Growth and the Outbreak of Civil War in Sub-Saharan Africa

OpenAIRE

Markus Bruckner; Antonio Ciccone

2010-01-01

To learn more about the effect of economic conditions on civil war, we examine whether Sub-Saharan civil wars are more likely to start following downturns in the international price of countries’ main export commodities. The data show a robust effect of commodity price downturns on the outbreak of civil wars. We also find that Sub-Saharan countries are more likely to see civil wars following economic downturns in their main OECD export destinations.

Hedging Price Risks of Farmers by Commodity Boards: A Simulation Applied to the Indian Natural Rubber Market

NARCIS (Netherlands)

Zant, W.

2001-01-01

This paper investigates a hypothetical hedging scheme in a domestic commodity market under which a commodity board offers a forward contract to domestic producers and local traders and covers its commitments on an international futures exchange. It is aimed to quantify welfare gains to agents in the

Bayesian Networks to Compare Pest Control Interventions on Commodities Along Agricultural Production Chains.

Science.gov (United States)

Holt, J; Leach, A W; Johnson, S; Tu, D M; Nhu, D T; Anh, N T; Quinlan, M M; Whittle, P J L; Mengersen, K; Mumford, J D

2018-02-01

The production of an agricultural commodity involves a sequence of processes: planting/growing, harvesting, sorting/grading, postharvest treatment, packing, and exporting. A Bayesian network has been developed to represent the level of potential infestation of an agricultural commodity by a specified pest along an agricultural production chain. It reflects the dependency of this infestation on the predicted level of pest challenge, the anticipated susceptibility of the commodity to the pest, the level of impact from pest control measures as designed, and any variation from that due to uncertainty in measure efficacy. The objective of this Bayesian network is to facilitate agreement between national governments of the exporters and importers on a set of phytosanitary measures to meet specific phytosanitary measure requirements to achieve target levels of protection against regulated pests. The model can be used to compare the performance of different combinations of measures under different scenarios of pest challenge, making use of available measure performance data. A case study is presented using a model developed for a fruit fly pest on dragon fruit in Vietnam; the model parameters and results are illustrative and do not imply a particular level of fruit fly infestation of these exports; rather, they provide the most likely, alternative, or worst-case scenarios of the impact of measures. As a means to facilitate agreement for trade, the model provides a framework to support communication between exporters and importers about any differences in perceptions of the risk reduction achieved by pest control measures deployed during the commodity production chain. © 2017 Society for Risk Analysis.

Modeling commodity salam contract between two parties for discrete and continuous time series

Science.gov (United States)

Hisham, Azie Farhani Badrol; Jaffar, Maheran Mohd

2017-08-01

In order for Islamic finance to remain competitive as the conventional, there needs a new development of Islamic compliance product such as Islamic derivative that can be used to manage the risk. However, under syariah principles and regulations, all financial instruments must not be conflicting with five syariah elements which are riba (interest paid), rishwah (corruption), gharar (uncertainty or unnecessary risk), maysir (speculation or gambling) and jahl (taking advantage of the counterparty's ignorance). This study has proposed a traditional Islamic contract namely salam that can be built as an Islamic derivative product. Although a lot of studies has been done on discussing and proposing the implementation of salam contract as the Islamic product however they are more into qualitative and law issues. Since there is lack of quantitative study of salam contract being developed, this study introduces mathematical models that can value the appropriate salam price for a commodity salam contract between two parties. In modeling the commodity salam contract, this study has modified the existing conventional derivative model and come out with some adjustments to comply with syariah rules and regulations. The cost of carry model has been chosen as the foundation to develop the commodity salam model between two parties for discrete and continuous time series. However, the conventional time value of money results from the concept of interest that is prohibited in Islam. Therefore, this study has adopted the idea of Islamic time value of money which is known as the positive time preference, in modeling the commodity salam contract between two parties for discrete and continuous time series.

Rambutan Commodity Development Strategy as Regional Potential Product

Directory of Open Access Journals (Sweden)

Amin Pujiati

2016-06-01

Full Text Available The potential product of a region needs to be developed in order to improve the social welfare. Commonly, at harvest time, there is abundant horticulture commodity. Unluckily, the price of the commodity drops significantly. In other words, it costs extremely cheap. The purpose of research is analyzing the internal and external factors and determining an appropriate strategy for developing rambutan in Central Java, especially at Gunungpati District, Semarang, Central Java Province. The primary data of this research is obtained from 58 rambutan farmers that have been interviewed and have filled out the questionnaire forms. The secondary data is taken from the Central Bureau of Statistics, the monograph of the village and the internet by implementing the literature study method. Then, SWOT analysis is implemented for analizing the data. The internal factors that become the strengths are fertilized land for rambutan to grow and the farmers’ hereditary experiences in cultivating rambutan. Further, the lack of absorbing power of knowledge and technologies and the low existence of rambutan business are the weaknesses. Next, the external factor that becomes opportunity is the continuous increasing market demand, while the threat is the young generations having no interest in rambutan business. Finally, the stability (hold and maintain strategy should be implemented for developing rambutan business

Rambutan Commodity Development Strategy as Regional Potential Product

Directory of Open Access Journals (Sweden)

Amin Pujiati

2016-06-01

Full Text Available The potential product of a region needs to be developed in order to improve the social welfare. Commonly, at harvest time, there is abundant horticulture commodity. Unluckily, the price of the commodity drops significantly. In other words, it costs  extremely cheap. The purpose of research is analyzing the internal and external factors and determining an appropriate strategy for developing rambutan in Central Java, especially at Gunungpati District, Semarang, Central Java Province. The primary data of this research is obtained from 58 rambutan farmers that have been interviewed and have filled out the questionnaire forms. The secondary data is taken from the Central Bureau of Statistics, the monograph of the village and the internet by implementing the literature study method. Then, SWOT analysis is implemented for analizing the data. The internal factors that become the strengths are fertilized land for rambutan to grow and the farmers’ hereditary experiences in cultivating rambutan. Further, the lack of absorbing power of knowledge and technologies and the low existence of rambutan business are the weaknesses. Next, the external factor that becomes opportunity is the continuous increasing market demand, while the threat is the young generations having no interest in rambutan business. Finally, the stability (hold and maintain strategy should be implemented for developing rambutan business

The changing dynamics between biofuels and commodity markets

International Nuclear Information System (INIS)

Bole, T.; Londo, H.M.

2008-06-01

The recent development of the biofuel industries coincides with significant increases in prices of basic commodities such as food and feed. Against popular perception, it appears that there is not a straightforward causal relationship between the two; there are a number of factors that determine the level and strength of the impact of the biofuels sector on other commodities. For the case of markets of agricultural raw material these factors include the amount of feedstock claimed by the biofuels industry, its relative purchasing power, the responsiveness of the agricultural sector to price incentives and availability of substitutes. For consumer food markets we must additionally consider the relative share of agricultural input costs in the retail food price and the demand elasticity. Based on the analysis of these factors and estimates of other studies that attempted to quantify the price impacts of biofuels on crop prices, we conclude that the impact of biofuels is relatively small, especially when compared with other causes that triggered the recent price increases. We end the paper with a recommendation for future efforts in curbing food price inflations while keeping ambitious biofuel targets and suggest a shift in focus of the debate around the social costs of biofuels

Assessment of multimodal freight bottlenecks and alleviation strategies for upper Midwest region.

Science.gov (United States)

2010-05-01

The freight that passes through the Mississippi Valley Region is high volume and has a substantial impact on the economy of the : region. According to the BTS-sponsored Commodity Flow Survey, trucks carried almost 2.5 billion tons of freight across t...

Regiones-commodities: Crisis y contagio en Chile

OpenAIRE

Antonio Daher

2003-01-01

La hipótesis de un nuevo dualismo entre una capital subglobal y sus "regiones-commodities" subyace en el estudio del impacto diferencial de las tres últimas crisis internacionales en las regiones de Chile, cuantificado a través de cuatro indicadores: el producto, el empleo, la inversión externa y las exportaciones, cuya variación permite verificar la disímil vulnerabilidad de cada región y su desigual exposición al riesgo de contagio de crisis. Fundamentado en un marco conceptual que sostiene...

The Effects of Digital Marketing of Unhealthy Commodities on Young People: A Systematic Review.

Science.gov (United States)

Buchanan, Limin; Kelly, Bridget; Yeatman, Heather; Kariippanon, Kishan

2018-01-29

The marketing of unhealthy commodities through traditional media is known to impact consumers' product attitudes and behaviors. Less is known about the impacts of digital marketing (online promotional activities), especially among young people who have a strong online presence. This review systematically assesses the relationship between digital marketing and young people's attitudes and behaviors towards unhealthy commodities. Literature was identified in June 2017 by searches in six electronic databases. Primary studies (both qualitative and quantitative) that examined the effect of digital marketing of unhealthy food or beverages, alcohol and tobacco products on young people's (12 to 30 years) attitudes, intended and actual consumption were reviewed. 28 relevant studies were identified. Significant detrimental effects of digital marketing on the intended use and actual consumption of unhealthy commodities were revealed in the majority of the included studies. Findings from the qualitative studies were summarized and these findings provided insights on how digital marketing exerts effects on young people. One of the key findings was that marketers used peer-to-peer transmission of messages on social networking sites (e.g., friends' likes and comments on Facebook) to blur the boundary between marketing contents and online peer activities. Digital marketing of unhealthy commodities is associated with young people's use and beliefs of these products. The effects of digital marketing varied between product types and peer endorsed marketing (earned media) may exert greater negative impacts than owned or paid media marketing.

The Effects of Digital Marketing of Unhealthy Commodities on Young People: A Systematic Review

Directory of Open Access Journals (Sweden)

Limin Buchanan

2018-01-01

Full Text Available The marketing of unhealthy commodities through traditional media is known to impact consumers’ product attitudes and behaviors. Less is known about the impacts of digital marketing (online promotional activities, especially among young people who have a strong online presence. This review systematically assesses the relationship between digital marketing and young people’s attitudes and behaviors towards unhealthy commodities. Literature was identified in June 2017 by searches in six electronic databases. Primary studies (both qualitative and quantitative that examined the effect of digital marketing of unhealthy food or beverages, alcohol and tobacco products on young people’s (12 to 30 years attitudes, intended and actual consumption were reviewed. 28 relevant studies were identified. Significant detrimental effects of digital marketing on the intended use and actual consumption of unhealthy commodities were revealed in the majority of the included studies. Findings from the qualitative studies were summarized and these findings provided insights on how digital marketing exerts effects on young people. One of the key findings was that marketers used peer-to-peer transmission of messages on social networking sites (e.g., friends’ likes and comments on Facebook to blur the boundary between marketing contents and online peer activities. Digital marketing of unhealthy commodities is associated with young people’s use and beliefs of these products. The effects of digital marketing varied between product types and peer endorsed marketing (earned media may exert greater negative impacts than owned or paid media marketing.

The Effects of Digital Marketing of Unhealthy Commodities on Young People: A Systematic Review

Science.gov (United States)

Buchanan, Limin; Kelly, Bridget; Kariippanon, Kishan

2018-01-01

The marketing of unhealthy commodities through traditional media is known to impact consumers’ product attitudes and behaviors. Less is known about the impacts of digital marketing (online promotional activities), especially among young people who have a strong online presence. This review systematically assesses the relationship between digital marketing and young people’s attitudes and behaviors towards unhealthy commodities. Literature was identified in June 2017 by searches in six electronic databases. Primary studies (both qualitative and quantitative) that examined the effect of digital marketing of unhealthy food or beverages, alcohol and tobacco products on young people’s (12 to 30 years) attitudes, intended and actual consumption were reviewed. 28 relevant studies were identified. Significant detrimental effects of digital marketing on the intended use and actual consumption of unhealthy commodities were revealed in the majority of the included studies. Findings from the qualitative studies were summarized and these findings provided insights on how digital marketing exerts effects on young people. One of the key findings was that marketers used peer-to-peer transmission of messages on social networking sites (e.g., friends’ likes and comments on Facebook) to blur the boundary between marketing contents and online peer activities. Digital marketing of unhealthy commodities is associated with young people’s use and beliefs of these products. The effects of digital marketing varied between product types and peer endorsed marketing (earned media) may exert greater negative impacts than owned or paid media marketing. PMID:29382140

The importance of disaggregated freight flow forecasts to inform transport infrastructure investments

Directory of Open Access Journals (Sweden)

Jan H. Havenga

2013-09-01

Full Text Available This article presents the results of a comprehensive disaggregated commodity flow model for South Africa. The wealth of data available enables a segmented analysis of future freight transportation demand in order to assist with the prioritisation of transportation investments, the development of transport policy and the growth of the logistics service provider industry. In 2011, economic demand for commodities in South Africa’s competitive surface-freight transport market amounted to 622 million tons and is predicted to increase to 1834m tons by 2041, which is a compound annual growth rate of 3.67%. Fifty percent of corridor freight constitutes break bulk; intermodal solutions are therefore critical in South Africa. Scenario analysis indicates that 80%of corridor break-bulk tons can by serviced by four intermodal facilities – in Gauteng, Durban, Cape Town and Port Elizabeth. This would allow for the development of an investment planning hierarchy, enable industry targeting (through commodity visibility, ensure capacity development ahead of demand and lower the cost of logistics in South Africa.

Guide to a Strategic Procurement Planning Approach on Regulated Commodity Markets

Science.gov (United States)

Seifert, Marcus; Wüst, Thorsten

The access of Virtual Organizations to raw materials normally requires external resources. In many cases, the market for raw materials is regulated and the VO principles of trust, customer orientation etc. are not applicable. In consequence, the VO needs to provide reliable solutions for the customer while being dependent on the access to the required raw materials. The objective of the proposed paper is to present a guide to a strategic procurement planning for the manufacturing industry on regulated commodity markets. This guide can be used to evaluate specific sourcing options. The main goal of this guide is to identify the negative effects of market regulation at an early stage and reduce them by developing strategic alternatives. The successful application of this guide is demonstrated by the practical example of the refractory industry and one of their commodities, refractory grade bauxite.

Operating Room Environment Control. Part A: a Valve Cannister System for Anesthetic Gas Adsorption. Part B: a State-of-the-art Survey of Laminar Flow Operating Rooms. Part C: Three Laminar Flow Experiments

Science.gov (United States)

Meyer, J. S.; Kosovich, J.

1973-01-01

An anesthetic gas flow pop-off valve canister is described that is airtight and permits the patient to breath freely. Once its release mechanism is activated, the exhaust gases are collected at a hose adapter and passed through activated coal for adsorption. A survey of laminar air flow clean rooms is presented and the installation of laminar cross flow air systems in operating rooms is recommended. Laminar flow ventilation experiments determine drying period evaporation rates for chicken intestines, sponges, and sections of pig stomach.

Screening of various diesel particulate matter samples from various commodity mines

CSIR Research Space (South Africa)

Mahlangu, Vusi J

2016-09-01

Full Text Available This paper presents qualitative analysis results of diesel particulate matter (DPM) from various mining commodities in South Africa. The objective of this work was to determine the concentrations of elements in DPM samples. For this screening...

proposal for a lean commodity management process for the south

African Journals Online (AJOL)

Administrator

Commodity Managers (CMs) within the South African Navy (SAN) need new and ... The SAN supply chain process, as graphically represented in Figure 1.1, starts with the .... Tactical level: These recommendations only affect the Fleet Logistics supply ..... The sourcing of the item will be as wide as possible (global), and may.

INFLUENCE OF RIVER BED ELEVATION SURVEY CONFIGURATIONS AND INTERPOLATION METHODS ON THE ACCURACY OF LIDAR DTM-BASED RIVER FLOW SIMULATIONS

Directory of Open Access Journals (Sweden)

J. R. Santillan

2016-09-01

Full Text Available In this paper, we investigated how survey configuration and the type of interpolation method can affect the accuracy of river flow simulations that utilize LIDAR DTM integrated with interpolated river bed as its main source of topographic information. Aside from determining the accuracy of the individually-generated river bed topographies, we also assessed the overall accuracy of the river flow simulations in terms of maximum flood depth and extent. Four survey configurations consisting of river bed elevation data points arranged as cross-section (XS, zig-zag (ZZ, river banks-centerline (RBCL, and river banks-centerline-zig-zag (RBCLZZ, and two interpolation methods (Inverse Distance-Weighted and Ordinary Kriging were considered. Major results show that the choice of survey configuration, rather than the interpolation method, has significant effect on the accuracy of interpolated river bed surfaces, and subsequently on the accuracy of river flow simulations. The RMSEs of the interpolated surfaces and the model results vary from one configuration to another, and depends on how each configuration evenly collects river bed elevation data points. The large RMSEs for the RBCL configuration and the low RMSEs for the XS configuration confirm that as the data points become evenly spaced and cover more portions of the river, the resulting interpolated surface and the river flow simulation where it was used also become more accurate. The XS configuration with Ordinary Kriging (OK as interpolation method provided the best river bed interpolation and river flow simulation results. The RBCL configuration, regardless of the interpolation algorithm used, resulted to least accurate river bed surfaces and simulation results. Based on the accuracy analysis, the use of XS configuration to collect river bed data points and applying the OK method to interpolate the river bed topography are the best methods to use to produce satisfactory river flow simulation outputs

New Commodity Services System increases gas bill for clients

International Nuclear Information System (INIS)

Koevoet, H.

2003-01-01

The Dutch company Gasunie Trade and Supply will replace the Commodity Services System (CDS, abbreviated in Dutch) January 1, 2004. This will result in a higher gas bill for almost all their clients that are expected to use more than 1 million m 3 natural gas per year. An overview is given of the principles of the old and the new pricing system [nl

Effects of Health-Care Services and Commodities Cost on the ...

African Journals Online (AJOL)

2017-09-14

Sep 14, 2017 ... services and commodities cost on the patients at the primary health facilities in Zaria .... This is a social security system that guarantees the provision of needed ..... tourism to India, Dubai, London, America, and even to some other ..... Mudyarabikwa O. An examination of public sector subsidies to the private ...

The Australian Dollar's Long-Term Fluctuations and Trend: The Commodity Prices-cum-Economic Cycles Hypothesis

OpenAIRE

Sanidas, Elias

2005-01-01

The Australian dollar’s exchange rate (mainly in relation to the American dollar) has received a considerable attention in research and several models have been proposed to explain its trend and fluctuations. Thus, as a conclusion of this research we can say that this commodity currency very much depends on the terms of trade which in turn depend on commodity prices. The present paper is based on this conclusion and hence proposes the possibility that the Australian dollar’s behavior is overw...

Managing the risks of disease transmission through trade: a commodities-based approach?

Science.gov (United States)

Brückner, G K

2011-04-01

Since its founding in 1924, the World Organisation for Animal Health (OIE) has facilitated safe trade in animals and animal products by developing effective standards to prevent the spread of animal diseases across the globe. A protocol for recognising the disease-free status of countries is an integral part of this process and has been adopted and advanced through the years to assist OIE Member Countries in placing disease-free animals and their products on the international market. Options such as trade from disease-free zones and disease-free compartments are now available to Members and have proven to be a positive mechanism for facilitating trade. A further option is trading in safe commodities, i.e. animals and animal products that have been identified as safe to trade even in the presence of disease, either with or without applying risk mitigation measures before export. Although most Members have incorporated the acceptance of disease-free countries or zones into their animal health policies and sanitary measures, there still appears to be a reluctance to trade in commodities from infected countries, despite clear, scientifically based risk management standards that can be applied if needed. This paper offers some examples reflecting the apparent reluctance to trade in commodities and discusses how the standards in the OIE's Terrestrial Animal Health Code could be used to apply scientifically based risk management practices to review outdated policies.

Exchange Rate and Industrial Commodity Volatility Transmissions, Asymmetries and Hedging Strategies

NARCIS (Netherlands)

S.M. Hammoudeh (Shawkat); Y. Yuan (Yuan); M.J. McAleer (Michael)

2010-01-01

textabstractThis paper examines the inclusion of the dollar/euro exchange rate together with four important and highly traded commodities - aluminum, copper, gold and oil- in symmetric and asymmetric multivariate GARCH and DCC models. The inclusion of exchange rate increases the significant direct

Commodity Cluster Computing for Remote Sensing Applications using Red Hat LINUX

Science.gov (United States)

Dorband, John

2003-01-01

Since 1994, we have been doing research at Goddard Space Flight Center on implementing a wide variety of applications on commodity based computing clusters. This talk is about these clusters and haw they are used on these applications including ones for remote sensing.

External cycles and commodities in Latin America and the Caribbean: a cointegration analysis with breaks

Directory of Open Access Journals (Sweden)

Fernando Delbianco

2018-01-01

Full Text Available En este trabajo se busca caracterizar la relación entre los comportamientos cíclicos de la cuenta corriente y los índices de precios de los productos básicos (commodities para América Latina y el Caribe. Usando diferentes test de estacionariedad que permiten la presencia de quiebres, se encuentra evidencia de que los precios de los commodities se encuentran cointegrados con las cuentas corrientes de los países de Latinoamérica, lo que sugiere que los planes desarrollistas no generaron la diversificación productiva deseada y que la posición externa de la región todavía depende fuertemente de los productos básicos. Los resultados también apoyan los hallazgos de Delbianco y Fioriti (2014, 2015 que sostienen que la región ha sufrido dos quiebres estructurales en los últimos 60 años, ambos derivados de cambios en los precios de los commodities.

An analysis of the effectiveness of a joint commodity and foreign exchange rate futures hedge: The case of a Canadian crude oil trader

International Nuclear Information System (INIS)

Klusa, L.J.

1993-04-01

This study focused on reducing risk for Canadian crude oil traders exposed to crude oil price and exchange rate uncertainty. Joint static and flow period hedges were developed and compared to unhedged positions and to naive and simple hedges. Optimal hedge ratio size and hedging effectiveness were identified for a variety of hedge lifting periods and durations. The in-sample results indicated that joint hedge models were more effective than other models in terms of minimizing the variance of returns. Out-of-sample results indicated that joint and simple commodity hedges were equally effective. Other findings included: shorter duration, close to expiry hedges were the most effective; the difference between the variability of spot and future price differences and their correlations were related to hedge ratio size; and a flow period hedge was the most effective hedge when spot prices were monthly average prices. 53 refs., 3 figs., 49 tabs

A Note on the Ongoing Processes of Commodification: From the Audience Commodity to the Social Factory

Directory of Open Access Journals (Sweden)

Jernej Prodnik

2012-05-01

Full Text Available Commodity-form played an important, if often overlooked role in the studies of capitalism. Processes of transforming literally anything into a privatized form of (fictitious commodity that is exchanged in the circulation process are of fundamental importance for the rise and reproduction of capitalism. At the same time commodity, as the “cell-form of capitalism”, has played a crucial role throughout Marx’s oeuvre. The central aim of the paper is to demonstrate how commodity-form develops in his works (both as a part of his “global” argument and in the context of historical changes and what role does it play in some of the key works of critical theory. Furthermore, it is analysed how this topic was approached in critical communication studies, especially in the political economy of communication. The latter is done especially through a reappraisal of the “blind spot debate” iniated by Dallas W. Smythe and the audience commodity thesis, which was raised in it. This long-lasting debate, which at least indirectly continues to this day, can be seen as an invaluable source for practices and ideas connected to both Marxian-inspired critical communication studies and to a serious analysis of the continuing commodification of different spheres of society and its increasing pervasiveness in contemporary life. In the last part of the text, these findings are connected to some of the recent neo-Marxist approaches, especially to the findings of the authors coming from the autonomist (post-operaist movement. Insights of this intellectual strand can provide an understanding of the ongoing commodification processes, while also offering possibilities of convergence with Smythe’s approach.

Unveiled Risks in a Telecoupled Arena Dependent on Agricultural Commodity Trade

Science.gov (United States)

Batistella, M.; Silva, R. F. B. D.; Liu, J.; Moran, E. F.; Torres, S.; Dou, Y.

2017-12-01

In less than five years, a new field of interdisciplinary research has been widely developed within the coupled human-natural systems (CHANS) community. Based on well-known concepts acting over long distances, such as teleconnections for biophysical sciences and globalization for human sciences, the telecoupling framework states that long distant CHANS may be integrated through flows of capital, information, and matter, shaping environmental and socioeconomic changes within local systems. An international project including researchers from Brazil, China, United Kingdom (UK), and United States of America (USA) is using such a framework to study the flows of agricultural commodities between sending systems such as Brazil and the USA, and receiving systems such as China with soybean trade as a case in point. Many findings have already shown that these dynamics are intrinsically connected and changes in environmental conditions in one system may affect economic conditions in other systems. In the case of the double-crop practice (i.e., soybean followed by maize, two crops year round) used in some regions of Brazil, maize production is strongly connected with soybean production through the supply chain, logistics, producer regions, and farmers. Consequently, maize has been displaced to second-crop status, making it more vulnerable to rain shortfalls. The use of the telecoupling framework has also unveiled a possible threat for soybean production in the long run if it only relies on international demand and inputs. The telecoupled soybean production system has put some Brazilian farmers at economic risk, and is pushing them towards diversification and alternative production practices (e.g., non-GMO crops, biological control, in-farm seed production) to reduce their risk. This, in turn, may affect the demand-consumption relationship among traditional trading partners. With this paper, we also highlight the role of cascading effects and spillover systems of telecoupling in

7 CFR 1962.19 - Claims against Commodity Credit Corporation (CCC).

Science.gov (United States)

2010-01-01

... sell or pledge to CCC as loan collateral under the Price Support Program, commodities on which FmHA or... County Supervisor will make immediate demand on the borrower for the amount of the CCC loan or the... CCC. (2) On receiving information from the State Director that CCC has called the borrower's loan, the...

Visual Culture in the Elementary-School Classroom: Moving from Box-Store Commodities to Out-of-the-Box Thinking

Science.gov (United States)

Fattal, Laura Felleman

2017-01-01

The goal of the action research project on visual culture is to contribute to the dialogue on the exploratory ecology vs commodity culture of the elementary school classroom. Exploratory culture, unlike commodity culture, applauds open-ended thinking, inchoate imaginings, and critical thinking with its attachment to divergent paths to resolving…

Value chain management for commodities: a case study from the chemical industry

DEFF Research Database (Denmark)

Kannegiesser, M.; Gunther, H.O.; van Beek, P.

2009-01-01

decisions by volume and value throughout the value chain to ensure profitability. Contract and spot demand differentiation with volatile and uncertain spot prices, spot sales quantity flexibility, spot sales price-quantity functions and variable raw material consumption rates in production are problem...... quantity, price and supply decisions throughout the value chain. A two-phase optimization approach supports robust planning ensuring minimum profitability even in case of worst-case spot sales price scenarios. Model evaluations with industry case data demonstrate the impact of elasticities, variable raw......We present a planning model for chemical commodities related to an industry case. Commodities are standard chemicals characterized by sales and supply volatility in volume and value. Increasing and volatile prices of crude oil-dependent raw materials require coordination of sales and supply...

The Ivorian pineapple : social action within the international pineapple commodity network

NARCIS (Netherlands)

Willems, S.

2006-01-01

Today, a significant part of the agricultural commodities that we find at markets in the West are cultivated in developing countries. Many of these products are shipped around the world, passing through a complex network of actors involved in production, distribution and marketing activities. Who

Impacts of the Federal Energy Acts and Other Influences on Prices of Agricultural Commodities and Food

OpenAIRE

Ferris, John N.

2013-01-01

Most of the increase in ethanol production in the 2008-2012 period can be attributed to the Energy Independence and Security Act of 2007 (EISA) and earlier federal energy legislation. The expansion in U.S. biofuel production, particularly ethanol, was the predominant cause of the elevated commodity prices. Other influences documented were a weak dollar, speculation and an increasingly inelastic commodity demand function. The supply function displayed more elasticity as crop farmers responded ...

Report of the results of the International Clinical Cytometry Society and American Society for Clinical Pathology workload survey of clinical flow cytometry laboratories.

Science.gov (United States)

Wolniak, Kristy; Goolsby, Charles; Choi, Sarah; Ali, Asma; Serdy, Nina; Stetler-Stevenson, Maryalice

2017-11-01

Thorough review of current workload, staffing, and testing practices in clinical laboratories allows for optimization of laboratory efficiency and quality. This information is largely missing with regard to clinical flow cytometry laboratories. The purpose of this survey is to provide comprehensive, current, and accurate data on testing practices and laboratory staffing in clinical laboratories performing flow cytometric studies. Survey data was collected from flow cytometry laboratories through the ASCP website. Data was collected on the workload during a 1-year time period of full-time and part-time technical and professional (M.D./D.O./Ph.D. or equivalent) flow cytometry employees. Workload was examined as number of specimens and tubes per full time equivalent (FTE) technical and professional staff. Test complexity, test result interpretation, and reporting practices were also evaluated. There were 205 respondent laboratories affiliated predominantly with academic and health system institutions. Overall, 1,132 FTE employees were reported with 29% professional FTE employees and 71% technical. Fifty-one percent of the testing performed was considered high complexity and 49% was low complexity. The average number of tubes per FTE technologist was 1,194 per year and the average number of specimens per FTE professional was 1,659 per year. The flow cytometry reports were predominantly written by pathologists (57%) and were typically written as a separate report (58%). This survey evaluates the overall status of the current practice of clinical flow cytometry and provides a comprehensive dataset as a framework to help laboratory departments, directors, and managers make appropriate, cost-effective staffing decisions. © 2016 International Clinical Cytometry Society. © 2016 International Clinical Cytometry Society.

Assessment of the safety of aquatic animal commodities for international trade: the OIE Aquatic Animal Health code.

Science.gov (United States)

Oidtmann, B; Johnston, C; Klotins, K; Mylrea, G; Van, P T; Cabot, S; Martin, P Rosado; Ababouch, L; Berthe, F

2013-02-01

Trading of aquatic animals and aquatic animal products has become increasingly globalized during the last couple of decades. This commodity trade has increased the risk for the spread of aquatic animal pathogens. The World Organisation for Animal Health (OIE) is recognized as the international standard-setting organization for measures relating to international trade in animals and animal products. In this role, OIE has developed the Aquatic Animal Health Code, which provides health measures to be used by competent authorities of importing and exporting countries to avoid the transfer of agents pathogenic for animals or humans, whilst avoiding unjustified sanitary barriers. An OIE ad hoc group developed criteria for assessing the safety of aquatic animals or aquatic animal products for any purpose from a country, zone or compartment not declared free from a given disease 'X'. The criteria were based on the absence of the pathogenic agent in the traded commodity or inactivation of the pathogenic agent by the commercial processing used to produce the commodity. The group also developed criteria to assess the safety of aquatic animals or aquatic animal products for retail trade for human consumption from potentially infected areas. Such commodities were assessed considering the form and presentation of the product, the expected volume of waste tissues generated by the consumer and the likely presence of viable pathogenic agent in the waste. The ad hoc group applied the criteria to commodities listed in the individual disease chapters of the Aquatic Animal Health Code (2008 edition). Revised lists of commodities for which no additional measures should be required by the importing countries regardless of the status for disease X of the exporting country were developed and adopted by the OIE World Assembly of Delegates in May 2011. The rationale of the criteria and their application will be explained and demonstrated using examples. © 2012 Crown Copyright. Reproduced

A Seeping Commodification: The Long Revolution in the Proliferation of Communication Commodities

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Jernej A. Prodnik

2014-02-01

Full Text Available The main goal of this paper is to conceptualize a seeping commodification. The author of the paper claims we are in the midst of a considerable qualitative transformation in the processes of commodification that is, in large part, owed to an overwhelming capitalist enclosure of the wider communicative field. The key reason for what seems to be an important qualitative transformation in the commodification process lies in the fact that communication and information flows today run through most social relations and spheres – which non-critical approaches often explain with the concept of the ‘mediatization of society’. A materialist approach, distinctive of (critical political economy of communication, enables an apt critique of these processes. In an epoch, in which capital has enclosed the wider field of communication, mediatization is in fact nothing else than a continuing commodification of our everyday lives. The author of the paper claims that commodification of communication and informational resources must be seen as a long-term process, which has accompanied the rise of capitalism. A considerable proliferation of the economic importance of communication, information, and culture has – to be precise – been enhanced in a large part by political interventions occurring in the last decades (which were a response to the economic tendencies and crises of the time. While the immediate results are observable especially in the proliferation of the new information and communication technologies and the global role of intellectual property rights, the wider social consequences of these developments have been much broader and more influential. This study proceeds from the perspective of historical materialism and adopts dialectics in an attempt to grasp contradictory social changes. The analysis is done through different methods of historicizing: firstly, by observing long-term changes in communication, information, and culture, as they

Impactos do Protocolo de Cartagena sobre o Comércio de Commodities Agrícolas

OpenAIRE

Borges, Izaías de Carvalho; Silveira, Jose Maria Ferreira Jardim da; Vieira Filho, José Eustáquio; Pereira, Andrea M.

2015-01-01

O Protocolo de Cartagena sobre Biossegurança é um acordo ambiental que agrega 132 países. O Protocolo tem impactos sobre o comércio de commodities agrícolas, porque estabelece regras para o transporte entre fronteiras de organismos vivos modificados (OVMs). O Artigo 18.2(a) do Protocolo refere-se às formas de identificação dos OVMs nos carregamentos de commodities agrícolas. O fato de que os principais países exportadores de grãos também sejam produtores de cultivares geneticamente modificado...

Implications of Climate Volatility for Agricultural Commodity Markets in the Presence of Biofuel Mandates

Science.gov (United States)

Verma, M.; Diffenbaugh, N. S.; Hertel, T. W.; Beckman, J.

2011-12-01

In presence of bio-fuels, link between energy and agricultural commodity markets has become more complex. An increase in ethanol production to minimum 15bn gallons a year - Renewable Fuel Standard (RFS) and current technically permissible maximum 10% blending limit - Blend Wall (BW); make the link even stronger. If oil prices in future do not rise significantly from their current levels, this minimum production requirement would likely be binding. In such a scenario any fluctuation in crop production will have to be absorbed by the non-ethanol usage of the crop and would translate into crop prices adjusting to clear the markets and therefore the commodity prices will be more volatile. At high oil prices it is possible that the BW may become binding, severing the link between oil prices and commodity prices as well, potentially leading to higher price volatility. Hertel and Beckman (2010) find that, with both RFS and BW simultaneously binding, corn price volatility due to supply side shocks (which could arise from extreme climate events) could be more than 50% as large as in the absence of bio-fuel policies. So energy markets are important determinants of agricultural commodity price volatility. This proposal intends to introduce the increased supply side volatility on account of climate change and volatility, in the framework. Global warming on account of increased GHG concentrations is expected to increase the intensity and frequency of hot extremes in US (Diffenbaugh et al. 2008) and therefore affect corn yields. With supply shocks expected to increase, binding RFS and BW will exacerbate the volatility, while if they are non-binding then the price changes could be cushioned. We propose to model the impacts of climate changes and volatility on commodity prices by linking three main components - a. Projections for change in temperature and precipitation using climate model b. A statistical model to predict impacts of change in climate variable on corn yields in US

THE IMPACT OF THE RECENT FEDERAL RESERVE LARGESCALE ASSET PURCHASES ON THE AGRICULTURAL COMMODITY PRICES: A HISTORICAL DECOMPOSITION

Directory of Open Access Journals (Sweden)

Sayed H. Saghaian

2014-04-01

Full Text Available In this study, we evaluate the effects of the recent Federal Reserve’s purchases of longterm assets on prices of agricultural commodities. The first large-scale asset purchases began at the end of 2008, after the Great Recession, and the second purchases began in November of 2010. The commodities included in this analysis are meats (beef, pork, and broilers, cereal grains (corn, soybeans, wheat, and rice, and softs (sugar, coffee, cocoa, and cotton. Using historical decompositions, we find significant increases in the nominal agricultural prices of ten out of 12 agricultural commodities under investigation from the second large-scale asset purchases (in 2010 but the first set large-scale asset purchases had only two positive effects.

Stochastic modeling of economic injury levels with respect to yearly trends in price commodity.

Science.gov (United States)

Damos, Petros

2014-05-01

The economic injury level (EIL) concept integrates economics and biology and uses chemical applications in crop protection only when economic loss by pests is anticipated. The EIL is defined by five primary variables: the cost of management tactic per production unit, the price of commodity, the injury units per pest, the damage per unit injury, and the proportionate reduction of injury averted by the application of a tactic. The above variables are related according to the formula EIL = C/VIDK. The observable dynamic alteration of the EIL due to its different parameters is a major characteristic of its concept. In this study, the yearly effect of the economic variables is assessed, and in particular the influence of the parameter commodity value on the shape of the EIL function. In addition, to predict the effects of the economic variables on the EIL level, yearly commodity values were incorporated in the EIL formula and the generated outcomes were further modelled with stochastic linear autoregressive models having different orders. According to the AR(1) model, forecasts for the five-year period of 2010-2015 ranged from 2.33 to 2.41 specimens per sampling unit. These values represent a threshold that is in reasonable limits to justify future control actions. Management actions as related to productivity and price commodity significantly affect costs of crop production and thus define the adoption of IPM and sustainable crop production systems at local and international levels. This is an open access paper. We use the Creative Commons Attribution 3.0 license that permits unrestricted use, provided that the paper is properly attributed.

Analysis of consumer behaviour when purchasing selected commodity groups concerning the effect of price, habit, discount and product characteristics

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Jitka Poměnková

2008-01-01

Full Text Available The aim of the paper is consumer behaviour analysis when purchasing selected commodity groups concerning the effect of price, habit, discount and product characteristics. Analysis proceed from the Czech household marketing research, where 726 households were electronically questioned. As mentioned above, selected factors for the analysis were habit, products‘ characteristics, price and discount actions.Primary aim is to measure the correspondence of selected factors influence on consumer behaviour during purchase decision making process of selected commodity groups. Interpretation is based on two-tier evaluation. First level represents commodity groups distinction by the character of goods and subsequent evaluation of goods characteristics correspondence in accordance with each influencing factor. Second one represents behaviour of commodity group in cross-section of selected factors. For consumer behaviour analysis chi-square test was used. Before its application the data set (responses was divided according to the ten-point scale into three interval’ groups.

The U.S. Geological Survey Peak-Flow File Data Verification Project, 2008–16

Science.gov (United States)

Ryberg, Karen R.; Goree, Burl B.; Williams-Sether, Tara; Mason, Robert R.

2017-11-21

Annual peak streamflow (peak flow) at a streamgage is defined as the maximum instantaneous flow in a water year. A water year begins on October 1 and continues through September 30 of the following year; for example, water year 2015 extends from October 1, 2014, through September 30, 2015. The accuracy, characterization, and completeness of the peak streamflow data are critical in determining flood-frequency estimates that are used daily to design water and transportation infrastructure, delineate flood-plain boundaries, and regulate development and utilization of lands throughout the United States and are essential to understanding the implications of climate and land-use change on flooding and high-flow conditions.As of November 14, 2016, peak-flow data existed for 27,240 unique streamgages in the United States and its territories. The data, collectively referred to as the “peak-flow file,” are available as part of the U.S. Geological Survey (USGS) public web interface, the National Water Information System, at https://nwis.waterdata.usgs.gov/usa/nwis/peak. Although the data have been routinely subjected to periodic review by the USGS Office of Surface Water and screening at the USGS Water Science Center level, these data were not reviewed in a national, systematic manner until 2008 when automated scripts were developed and applied to detect potential errors in peak-flow values and their associated dates, gage heights, and peak-flow qualification codes, as well as qualification codes associated with the gage heights. USGS scientists and hydrographers studied the resulting output, accessed basic records and field notes, and corrected observed errors or, more commonly, confirmed existing data as correct.This report summarizes the changes in peak-flow file data at a national level, illustrates their nature and causation, and identifies the streamgages affected by these changes. Specifically, the peak-flow data were compared for streamgages with peak flow

Speculation on commodities futures markets and destabilization of global food prices: exploring the connections.

Science.gov (United States)

Ghosh, Jayati; Heintz, James; Pollin, Robert

2012-01-01

In December 2010, the United Nations Food and Agriculture Organization's Food Price Index surpassed its previous peak of June 2008, and prices remained at this level through September 2011. This pattern is creating justified fears of a renewal or intensification of the global food crisis. This paper reviews arguments and evidence to inform debates on how to regulate commodity futures markets in the face of such price volatility and sustained high prices. We focus on the relationship between market liquidity and price patterns in asset markets in general and in commodities futures markets in particular, as well as the relationship between spot and futures market prices for food. We find strong evidence supporting the need to limit huge increases in trading volume on futures markets through regulations. We find that arguments opposing regulation are not supported. We find no support for the claim that liquidity in futures markets stabilizes prices at "fundamental" values or that spot market prices are free of any significant influence from futures markets. Given these results, the most appropriate position for regulators is precautionary: they should enact and enforce policies capable of effectively dampening excessive speculative trading on the commodities markets for food.

Balancing Acts: Culture as Commodity Among Business Consultants

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Elias Mellander

2013-09-01

Full Text Available In this article the authors intend to analyze how the concept of culture is packaged, sold and delivered as a commodity. It is based on an ethnographic study of a Swedish consultancy in the field of cross-cultural communication and the relationship between the company and its clients. The clients were primarily foreign executives working in Sweden or Swedish expatriates, preparing for life abroad. The significance of culture-as-commodity will be explored from the perspective of the company as well as its clients in order to shed light on how the concept of culture can be communicated and what happens to it in the process. The study shows how the company combines theoretical perspectives from anthropology and intercultural communication with the aim to deliver a complex yet accessible understanding of culture to its clients. The analysis shows that these perspectives both clash and synergize, creating contradictions as well as turning culture into an accessible and useful tool for clients. The authors argue that researchers in the field of applied cultural analysis can learn from the example put forth by the balancing act between these two perspectives on culture performed by the company. The authors conclude that although the commodification process reduces and simplifies the meaning(s of culture, the company still manages to put culture on the agenda, demonstrating to its clients how, why, and in what ways it matters to them.

Bacterial and yeast counts in Brazilian commodities and spices

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Freire Francisco das Chagas Oliveira

2002-01-01

Full Text Available A total of thirteen genera of bacteria and two genera of yeasts were detected in surface sterilized and unsterilized Brazilian commodities and spices such as cashew kernels, Brazil nut kernels, black and white pepper. The genus Bacillus with eight species was by far the most common. The yeasts isolated were Pichia sp., P. guillermondii and Rhodotorula sp. Bacillus cereus, Salmonella typhimurium and Staphylococcus aureus were detected in cashew and Brazil nut kernels.

Discovering and Promoting Commodity Health Attributes: Programs and Issues

OpenAIRE

Carman, Hoy F.

2007-01-01

There is a growing consumer segment demanding healthy foods and diets, health and nutrition messages can expand food demand, and governments in the U.S. and EU, faced with increasing obesity and associated health outcomes, want consumers to have reliable information to choose healthy diets. California commodity organizations, charged with expanding the demand for almonds, avocados, strawberries and walnuts, are funding health and nutrition research as a means to discover a unique selling prop...

O livro didático como mercadoria The textbook as commodity

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Kazumi Munakata

2012-12-01

Full Text Available Para Marx, a mercadoria é a principal categoria para o entendimento do capitalismo. Mediadora das relações sociais, ela é, antes, uma coisa que serve para realizar as necessidades do ser humano. Num regime baseado na troca, o valor de uso da mercadoria, que se refere à sua utilidade para satisfazer essas necessidades, aparece também como suporte material do valor de troca, pelo qual as mercadorias são trocadas no mercado. Com o livro didático não é diferente. Como valor de uso, satisfaz as necessidades de certa expectativa dita educacional, mas, para realizar a satisfação dessas necessidades, subordina-se ao valor de troca e às suas determinações. O presente artigo busca traçar historicamente essa duplicidade do livro didático, com ênfase na sua configuração no Brasil.For Marx, commodity is the main category for understanding capitalism. Mediator of social relations, it is rather a thing that serves to satisfy some human needs. In a system based on the exchange, the use-value of the commodity, which refers to its usefulness to satisfy those needs, also appears as a material support for the exchange value whereby commodities are exchanged in the market. The textbook is not different. As use-value, it satisfies the needs of some educational expectations, but in order to meet those needs it is subordinated to the exchange-value and its determinations. This article examines historically the twofold character of the textbook, with emphasis on its configuration in Brazil.

Fiscal 1999 survey report. Survey of long-term strategy for energy technology: Volume 1 (Survey of foundation for strategy formulation for industrial technologies - strategy for environmental foundation buildup); 1999 nendo choki energy gijutsu senryaku nado ni kansuru chosa hokokusho. 1. Sangyo gijutsu senryaku sakutei kiban chosa (kankyo kiban seibi senryaku)

Energy Technology Data Exchange (ETDEWEB)

NONE

2000-03-01

Japan has to prepare itself to behave accurately, and to stay technologically competitive, in the severe competition age to come in which it will fail to find leaders to follow. To fulfill this goal, Japan has to collect sufficient information and analyze it relative to the current state and future prospect of industrial technologies in Japan and overseas and various factors that will influence them, and to develop industrial technology related policies based firmly on scientific and theoretical foundations to be established using the thus-acquired knowledge. Under the circumstances, a survey is conducted of innovative, technological foundations, such as industrial technology related efforts in and out of Japan. The report consists of two volumes that cover what are described below. For the survey of technology related policies pursued in various countries abroad, literature and the like are investigated concerning technology related measures, budgets, and decision making processes in America, Britain, Germany, France, and the European Union, and the results are compiled so that their systems may be compared with each other. In the survey of Japan's technology related innovative systems, case studies are made about commodities over which Japan is relatively high in competitive power. Specifically, commodities manufactured by Japan's businesses and occupying 75% or more of the global share are investigated. (NEDO)

Co-Movement of Major Commodity Price Returns : Time-Series Assessment

OpenAIRE

de Nicola, Francesca; De Pace, Pierangelo; Hernandez, Manuel A.

2014-01-01

This paper provides a comprehensive analysis of the degree of co-movement among the nominal price returns of 11 major energy, agricultural and food commodities based on monthly data between 1970 and 2013. A uniform-spacings testing approach, a multivariate dynamic conditional correlation model and a rolling regression procedure are used to study the extent and the time-evolution of uncondi...

Segmentation of the industrial market for food commodities

DEFF Research Database (Denmark)

Bech-Larsen, Tino

2001-01-01

by the appearance of changing demands and technological opportunities, which potentially can lead to differentiation possibilities. The article describes a framework for the study of industrial buying of food commodities and the results of a conjoint study based on interviews with oil purchasers in the margarine...... and mayonnaise industries in Denmark, Sweden, Germany, the United Kingdom and Switzerland. The main result of the study is that the price is an omnipotent decision criterion, when vegetable fats and mayonnaise producers buy vegetable oil, but also that product and supplier criteria can be used to segment...

4D Unconstrained Real-time Face Recognition Using a Commodity Depthh Camera

NARCIS (Netherlands)

Schimbinschi, Florin; Wiering, Marco; Mohan, R.E.; Sheba, J.K.

2012-01-01

Robust unconstrained real-time face recognition still remains a challenge today. The recent addition to the market of lightweight commodity depth sensors brings new possibilities for human-machine interaction and therefore face recognition. This article accompanies the reader through a succinct

Commodity derivatives pricing with inventory effects

DEFF Research Database (Denmark)

Bach, Christian; Dziubinski, Matt P.

We introduce tractable models for commodity derivatives pricing with inventory and volatility eects, and illustrate with applications to the oil market. We contribute to the existing literature in several respects. First, whereas the previous literature uses futures data for investigating...... the relationship between inventory and volatility, we use the information available in options traded on futures. Second, performance assessment in the previous literature has primarily evolved around explaining moments of data or forecasting prices of futures. Instead, we asses the performance of our model...... by considering both the ability of explaining prices in-sample and out-of-sample - assessing both the pricing-performance and the hedging-performance of the models. Third, we model the futures surface rather than the spot price process, and from the no-arbitrage relationship between spot and futures prices we...

Water Stream in Bidet Toilet Commode as a Cause of Anterior Anal Fissure: A Case-Control Study

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Pankaj Garg

2017-03-01

Full Text Available Background Water used as a single sharp stream in toilet commode for post defecation cleansing is a common practice in several countries across the globe including India. Repeated hitting of the anus by water stream could potentially cause injury to the anal canal epithelium and lead to development of fissure-in-ano. As the water stream is emanating from the backside of the toilet commode, the possible injury, if any, would be on the anterior anal canal. Objectives The present study aimed at determining whether water stream usage in toilet commodes increased the incidence of anterior fissure-in-ano; this was determined by the incidence of anterior fissure-in-ano the study and control groups. Methods All consecutive fissure-in-ano patients referring to a colorectal clinic from February 2012 to 2015 were included in the study. The patients were classified as a study group (who were using water stream for cleansing purposes in toilet commodes and a control group (patients who were not using water stream. The characteristics and location (position of the fissure-in-ano was noted. Results In this study, 165 patients were prospectively enrolled. Male/female ratio was 96/69, and the mean age was 36.3 ± 11.2 years. The anterior fissure-in-ano in the study group was 55.9% (47/84, while it was 17.3 % (14/81 in the control group (P < 0.0001, odds ratio: 6.08, 95% CI: 2.96 - 12.47]. Conclusions Water used as a single sharp stream to cleanse after defecation in toilet commodes is hazardous and should be avoided.

Evaluation of chlorpyrifos transferred from contaminated feed to duck commodities and dietary risks to Chinese consumers.

Science.gov (United States)

Li, Rui; Ji, Xiaofeng; He, Liang; Liu, Zhiqiang; Wei, Wei; Qiang, Mingrong; Wang, Qiang; Yuan, Yuwei

2015-06-03

The present study describes chlorpyrifos residues in duck commodities through the duck food chain, transfer factors, and dietary risks to Chinese consumers. After duck feeding experiments with pellet feed that lasted for 42 days, chlorpyrifos residues found in all samples collected from the ducks on maximum estimated dose group (3.20 mg/kg level) were from chlorpyrifos had a low persistency in duck meat and metabolism organs. The chronic exposure assessment revealed that only 0.034-0.150% of the acceptable daily intake (ADI; 0-0.01 mg/kg/bw/day) of chlorpyrifos was consumed via the duck commodities for different age and gender groups in China. The acute exposure assessments of different age and gender groups were only 0.019-0.082% of the acute reference dose (ARfD; 0-0.1 mg/kg/bw). The results show that the single dietary exposure risk of chlorpyrifos raised by the intake of duck commodities was quite low in China.

Previsão dos preços de commodities por meio das taxas de câmbio

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Davi Rosolen

2013-12-01

Full Text Available Este trabalho procura modelar e prever o comportamento dos preços de commodities utilizando taxas de câmbio de países exportadores de commodities. A compreensão do comportamento desses preços é importante para um apropriado controle da inflação e planejamento da produção. Os resultados obtidos apontam para uma relação de causalidade entre a taxa de câmbio e os preços de commodities para os países estudados, com exceção da África do Sul e Argentina. Para Austrália, Brasil, Canadá, Chile, Colômbia e Nova Zelândia, a taxa de câmbio se mostra uma informação significativa para previsões de preços de commodities para o período dentro da amostra. No caso da Austrália e do Canadá, a relação também é significativa para o período fora da amostra. Os resultados encontrados confirmam os obtidos por Chen, Rogoff e Rossi (2010, além de estender aquele trabalho aos casos da Argentina, Brasil e Colômbia.

17 CFR 240.15c3-1b - Adjustments to net worth and aggregate indebtedness for certain commodities transactions...

Science.gov (United States)

2010-04-01

... contracts; and (B) The value attributed to any commodity option which is not traded on a contract market... for inventory and forward contracts in the inter-bank market in those foreign currencies which are... broker or dealer which is a purchaser of a commodity option which is traded on a contract market the...

Prevalence of potentially pathogenic Bacillus cereus in food commodities in The Netherlands

NARCIS (Netherlands)

Wijnands, L.M.; Dufrenne, J.B.; Rombouts, F.M.; Veld, in 't P.H.; Leusden, van F.M.

2006-01-01

Randomly selected food commodities, categorized in product groups, were investigated for the presence and number of Bacillus cereus bacteria. If positive, and when possible, five separate colonies were isolated and investigated for the presence of four virulence factors: presence of genes encoding

[Assessment of the sensitizing potency of cosmetic ingredients and commodities. How will the ingredients of cosmetics and commodities be tested in Europe today and tomorrow?].

Science.gov (United States)

Peiser, M; Platzek, T; Luch, A

2012-03-01

Cosmetics and certain commodities are applied or used by consumers directly on the skin. Creams may remain on the skin for longer periods, hair is dyed multiple times per year, nickel ions can be released from studs and piercings in areas of skin damage or migrate from toy materials into the skin of children. Accordingly, using or handling such products always entails a risk for developing a contact allergy. Moreover, daily usage and repeated contacts to certain cosmetics and commodities might lead to repeated elicitation of contact eczema in people already sensitized against allergenic ingredients. Unfortunately, contact allergy is not curable. For the assessment of the allergenic potential of chemicals, only testing based on animal experiments was available in the past. In 2003, the 7(th) amendment of the Cosmetics Directive 76/768/EWG laid down a ban on animal testing of cosmetic ingredients and from 2013 a general marketing ban of such products as well. Therefore, the development and validation of non-animal methods for assessing the toxicological endpoint sensitization/allergenic potency of chemicals is a major task for the years ahead and remains equally a challenge for industry and regulatory agencies.

Internal Flow of a High Specific-Speed Diagonal-Flow Fan (Rotor Outlet Flow Fields with Rotating Stall

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Norimasa Shiomi

2003-01-01

Full Text Available We carried out investigations for the purpose of clarifying the rotor outlet flow fields with rotating stall cell in a diagonal-flow fan. The test fan was a high–specific-speed (ns=1620 type of diagonal-flow fan that had 6 rotor blades and 11 stator blades. It has been shown that the number of the stall cell is 1, and its propagating speed is approximately 80% of its rotor speed, although little has been known about the behavior of the stall cell because a flow field with a rotating stall cell is essentially unsteady. In order to capture the behavior of the stall cell at the rotor outlet flow fields, hot-wire surveys were performed using a single-slant hotwire probe. The data obtained by these surveys were processed by means of a double phase-locked averaging technique, which enabled us to capture the flow field with the rotating stall cell in the reference coordinate system fixed to the rotor. As a result, time-dependent ensemble averages of the three-dimensional velocity components at the rotor outlet flow fields were obtained. The behavior of the stall cell was shown for each velocity component, and the flow patterns on the meridional planes were illustrated.

Regulatory Bodies: Dramatic Creativity, Control and the Commodity of Lady Audley's Secret

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Kate Mattacks

2009-04-01

Full Text Available 'Lady Audley's Secret' resonates with a sense of theatricality grounded in the eponymous heroine's propensity for visual tactics to attract an audience. Repositioning the dramatic exchange between actress and audience within the domestic sphere sensitised the reader to the question of diagnosing morally degenerative artificiality whilst involving the reader in the complicit act of encouraging Lady Audley's performance through consumer demand. This complex relationship between consumerism, theatre and society saw Lady Audley's figure assume an iconic status, but little has been written on the creative interplay between the novel and the theatre itself. Beginning with the way in which aspiring actresses used Lady Audley as a model to display their histrionic variety, I argue that the theatre used her character to engage with the complex connections between drama and commodity culture. Her autophagy in favour of a false identity provided a model for actresses to visualise self-commodification whilst highlighting the tension between the material practices of the theatre and the materiality of commodity culture. The drive for regulation of the theatrical medium finds its locus in the licensing text/published acting edition of William E. Suter's 'Lady Audley's Secret' (1863. Here I move to show how Suter's adaptation functioned as a site where the state regulation of the theatre was explored and contested. These unauthorised images of Lady Audley's containment came to symbolise not only the regulatory processes of licensing and copyright, but also the creative exploitation of a commodity culture critiqued through the dehumanised form of Braddon's original heroine.

Processing of food and agricultural commodities with electron beam from microtron

International Nuclear Information System (INIS)

Sharma, Arun; Behere, Arun; Jadhav, S.S.; Bongirwar, D.R.; Kaul, Ahinsa; Soni, H.C.; Ganesh, S.

2001-01-01

A microtron machine source installed by the Centre for Advanced Technology (CAT), Indore, at Mangalore University, was used in the study. The machine was operated at a beam power of 1.8 W, beam energy of 8.6 MeV, and a beam current of 20 mA. After initial standardization, the irradiation of commodities was carried out. The doses employed were 0.06 kGy for onion, 0.10 kGy for potato, 0.25 kGy for rawa, and 8 kGy for spices. The desired dose was delivered by exposing the samples from the two opposite sides of the box. The microbial load in spice samples was determined immediately after the experiment, as well as after six months of storage at the ambient temperature (26±2 degC). Onion and potato samples were stored for a six months period both at ambient temperature and 15 degC for observing the effect of electron beam irradiation on sprouting in these commodities. Rawa samples were stored at ambient temperature for observing the effect of electron beam irradiation on insect disinfestation. The electron beam irradiation at the recommended doses was found to be as effective as gamma radiation in bringing down the microbial load of the tested spices to the desired level, disinfestations of rawa, and inhibition of sprouting in onion. In the case of potato even four-side irradiation of the product box did not inhibit the sprouting completely. This indicated the necessity of standardization of machine parameters for uniform dose distribution in the product box for each commodity. These lab-scale studies showed that electron beam could in principle be used for processing of various food products after standardizing the machine parameters and ensuring uniform dose distribution in the product. Use of this technology on commercial scale would need standardization on larger machines

Online real-time reconstruction of adaptive TSENSE with commodity CPU / GPU hardware

DEFF Research Database (Denmark)

Roujol, Sebastien; de Senneville, Baudouin; Vahala, E.

2009-01-01

A real-time reconstruction for adaptive TSENSE is presented that is optimized for MR-guidance of interventional procedures. The proposed method allows high frame-rate imaging with low image latencies, even when large coil arrays are employed and can be implemented on affordable commodity hardware....

PILA: Sub-Meter Localization Using CSI from Commodity Wi-Fi Devices.

Science.gov (United States)

Tian, Zengshan; Li, Ze; Zhou, Mu; Jin, Yue; Wu, Zipeng

2016-10-10

The aim of this paper is to present a new indoor localization approach by employing the Angle-of-arrival (AOA) and Received Signal Strength (RSS) measurements in Wi-Fi network. To achieve this goal, we first collect the Channel State Information (CSI) by using the commodity Wi-Fi devices with our designed three antennas to estimate the AOA of Wi-Fi signal. Second, we propose a direct path identification algorithm to obtain the direct signal path for the sake of reducing the interference of multipath effect on the AOA estimation. Third, we construct a new objective function to solve the localization problem by integrating the AOA and RSS information. Although the localization problem is non-convex, we use the Second-order Cone Programming (SOCP) relaxation approach to transform it into a convex problem. Finally, the effectiveness of our approach is verified based on the prototype implementation by using the commodity Wi-Fi devices. The experimental results show that our approach can achieve the median error 0.7 m in the actual indoor environment.

Engaging Communities in Commodity Stock Monitoring Using Telecommunication Technology in Primary Health Care Facilities in Rural Nigeria

Directory of Open Access Journals (Sweden)

Ugo Okoli

2015-10-01

Full Text Available Background: With several efforts being made by key stakeholders to bridge the gap between beneficiaries and their having full access to free supplies, frequent stock-out, pilfering, collection of user fees for health commodities, and poor community engagement continue to plague the delivery of health services at the primary health care (PHC level in rural Nigeria. Objective: To assess the potential in the use of telecommunication technology as an effective way to engage members of the community in commodity stock monitoring, increase utilization of services, as well as promote accountability and community ownership. Methods: The pilot done in 8 PHCs from 4 locations within Nigeria utilized telecommunication technologies to exchange information on stock monitoring. A triangulated technique of data validation through cross verification from 3 subsets of respondents was used: 160 ward development committee (WDC members, 8 officers-in-charge (OICs of PHCs, and 383 beneficiaries (health facility users participated. Data collection made through a call center over a period of 3 months from July to September 2014 focused on WDC participation in inventory of commodities and type and cost of maternal, neonatal, and child health services accessed by each beneficiary. Results: Results showed that all WDCs involved in the pilot study became very active, and there was a strong cooperation between the OICs and the WDCs in monitoring commodity stock levels as the OICs participated in the monthly WDC meetings 96% of the time. A sharp decline in the collection of user fees was observed, and there was a 10% rise in overall access to free health care services by beneficiaries. Conclusion: This study reveals the effectiveness of mobile phones and indicates that telecommunication technologies can play an important role in engaging communities to monitor PHC stock levels as well as reduce the incidence of user fees collection and pilfering of commodities (PHC level in

A survey on relationship between capital structure, free cash flow and diversification and firm performance of listed companies in Tehran Stock Exchange

Directory of Open Access Journals (Sweden)

Mohammad Khodaei Valahzaghard

2014-10-01

Full Text Available This paper presents an empirical investigation to study the effects of free cash flow, share diversification and capital structure on Tobin-Q in selected firms on Tehran Stock Exchange. The population of the survey includes 520 firms listed on this exchange until year 2012 and the survey uses a sample of 105 firms, randomly. The study uses the models originally developed by Palepu (1985 [Palepu, K. (1985. Diversification strategy, profit performance and the entropy measure. Strategic Management Journal, 6(3, 239-255.] to measure the effects of different factors on Tobin Q. The study has indicated that while capital structure and free cash flow influence positively on Tobin Q, diversification has maintained a negative and meaningful relationship with Tobin Q.

FUNGIBILITY AND CONSUMER CHOICE: EVIDENCE FROM COMMODITY PRICE SHOCKS*

OpenAIRE

Hastings, Justine S.; Shapiro, Jesse M.

2013-01-01

We formulate a test of the fungibility of money based on parallel shifts in the prices of different quality grades of a commodity. We embed the test in a discrete-choice model of product quality choice and estimate the model using panel microdata on gasoline purchases. We find that when gasoline prices rise, consumers substitute to lower octane gasoline, to an extent that cannot be explained by income effects. Across a wide range of specifications, we consistently reject the null hypothesis t...

Methylation of food commodities during fumigation with methyl bromide

International Nuclear Information System (INIS)

Starratt, A.N.; Bond, E.J.

1990-01-01

Sites of methylation in several commodities (wheat, oatmeal, peanuts, almonds, apples, oranges, maize, alfalfa and potatoes) during fumigation with 14 C-methyl bromide were studied. Differences were observed in levels of the major volatiles: methanol, dimethyl sulphide and methyl mercaptan, products of O- and S-methylation, resulting from treatment of the fumigated materials with 1N sodium hydroxide. In studies of maize and wheat, histidine was the amino acid which underwent the highest level of N-methylation. (author). 24 refs, 3 tabs

What's nature got to do with it? A situated historical perspective on socio-natural commodities.

Science.gov (United States)

Peluso, Nancy Lee

2012-01-01

Nature(s) have been commodified since the early days of capitalism, but through processes and socio-natural relationships mediated by their times, histories and localities. While the conditions under which nature's commodities are being trademarked today may be new, their potential for commodification is not. Commodifications of nature should not come as a surprise to environmental social scientists and activists. In this article, I argue that commodification of ‘nature's products, places and processes’ produces new sorts of socio-natures. Situated histories of rubber are particularly relevant because, like carbon, ecosystem services and other recently commodified natures, rubber sits comfortably on the line between a fictitious commodity and a commodity produced explicitly for market: the latex alone has almost no use value, and to give it any exchange value, it requires processing. Yet analytically, it is still considered a ‘natural commodity’, different from ‘synthetic rubber’ and other tradable tree latexes in qualities and socio-natural characteristics. However, it is the social relations constituting rubber's production and trade in various rainforest and agro-forestry environments that have given it a positive or negative connotation, rather than its natural properties or the ecological contexts within which it has been produced. By situating rubber in three of its globally important temporal and spatial contexts, I show how it has been subjected to fairy-tale-like stories that masked and naturalized its commodity lives of the moment. Understanding how history is told or remains untold is thus an essential part of the politics of knowledge production, but also of human experience and mobilization for change. It should be part of any political ecology analysis.

Russian-Friendly: How Russian Became a Commodity in Europe and Beyond

Science.gov (United States)

Pavlenko, Aneta

2017-01-01

The purpose of this paper is to examine how Russian became a commodity in the global service industry in the decade between 2004 and 2014 and, in some places, much earlier. I will begin with a discussion of sociolinguistic theory of "commodification of language", focusing on aspects critical for this case study. Then, I will trace the…

49 CFR 179.102 - Special commodity requirements for pressure tank car tanks.

Science.gov (United States)

2010-10-01

... car tanks. 179.102 Section 179.102 Transportation Other Regulations Relating to Transportation... REGULATIONS SPECIFICATIONS FOR TANK CARS Specifications for Pressure Tank Car Tanks (Classes DOT-105, 109, 112, 114 and 120) § 179.102 Special commodity requirements for pressure tank car tanks. (a) In addition to...

Multiscale analysis of deforestation risk due to commodity crop expansion in sub-Saharan Africa and the role of non-industrial producers

Science.gov (United States)

Ordway, E.; Asner, G. P.; Naylor, R. L.; Nkongho, R.; Lambin, E.

2017-12-01

Rapid integration of global agricultural markets and subsequent cropland displacement in recent decades increased large-scale tropical deforestation in South America and Southeast Asia. Growing land scarcity and more stringent land use regulations in these regions could incentivize the offshoring of export-oriented commodity crop production to sub-Saharan Africa (SSA). We assess the effects of domestic- and export-oriented agricultural expansion on deforestation in SSA in recent decades at the global, regional and local scales. Using Cameroon as a case-study, we explore the influence of emerging oil palm expansion on deforestation in greater depth. We found that commodity crops are expanding in SSA, increasing pressure on tropical forests. Four Congo Basin countries, Sierra Leone, Liberia, and Cote d'Ivoire were most at risk in terms of exposure, vulnerability and pressures from agricultural expansion. These countries averaged the highest percent forest cover (58% ±17.9) and lowest proportions of potentially available cropland outside forest areas (1% ±0.9). Foreign investment in these countries was concentrated in oil palm production (81%), with a median investment area of 41,582 thousand ha. Based on remote sensing and field survey results, however, medium- and large-scale non-industrial producers are driving a substantial fraction of the oil palm expansion leading to deforestation in Cameroon. Additionally, unlike Southeast Asia, oil palm expansion in sub-Saharan Africa is associated primarily with domestic market demands. In contrast, cocoa, the fastest expanding export-oriented crop across SSA, accounted for 57% of global expansion in 2000-2013 at a rate of 132 thousand ha yr-1, yet only amounted to 0.9% of foreign land investment. Commodity crop expansion in SSA appears largely driven by small- and medium-scale farmers rather than industrial plantations. Findings highlight that, although most agricultural expansion was associated with domestic demand, there

Innovation in monitoring: The U.S. Geological Survey Sacramento–San Joaquin River Delta, California, flow-station network

Science.gov (United States)

Burau, Jon; Ruhl, Cathy; Work, Paul A.

2016-01-29

The U.S. Geological Survey (USGS) installed the first gage to measure the flow of water into California’s Sacramento–San Joaquin River Delta from the Sacramento River in the late 1800s. Today, a network of 35 hydro-acoustic meters measure flow throughout the delta. This region is a critical part of California’s freshwater supply and conveyance system. With the data provided by this flow-station network—sampled every 15 minutes and updated to the web every hour—state and federal water managers make daily decisions about how much freshwater can be pumped for human use, at which locations, and when. Fish and wildlife scientists, working with water managers, also use this information to protect fish species affected by pumping and loss of habitat. The data are also used to help determine the success or failure of efforts to restore ecosystem processes in what has been called the “most managed and highly altered” watershed in the country.

Labour supply and commodity demands : an application to Irish data

OpenAIRE

Anthony Murphy; Rodney Thom

1986-01-01

Annual Irish data are used to estimate a model which allows for the joint determination of commodity demands and labour supply. Consumer preferences are modelled by a cost function of the Gorman polar form which permits exact linear aggregation over individuals with different money wage rates. Separability between goods and leisure is rejected by the data. Labour supply is found to be a positive function of the wage rate.

Survey of crop losses in response to phytoparasitic nematodes in the United States for 1994.

Science.gov (United States)

Koenning, S R; Overstreet, C; Noling, J W; Donald, P A; Becker, J O; Fortnum, B A

1999-12-01

Previous reports of crop losses to plant-parasitic nematodes have relied on published results of survey data based on certain commodities, including tobacco, peanuts, cotton, and soybean. Reports on crop-loss assessment by land-grant universities and many commodity groups generally are no longer available, with the exception of the University of Georgia, the Beltwide Cotton Conference, and selected groups concerned with soybean. The Society of Nematologists Extension Committee contacted extension personnel in 49 U.S. states for information on estimated crop losses caused by plant-parasitic nematodes in major crops for the year 1994. Included in this paper are survey results from 35 states on various crops including corn, cotton, soybean, peanut, wheat, rice, sugarcane, sorghum, tobacco, numerous vegetable crops, fruit and nut crops, and golf greens. The data are reported systematically by state and include the estimated loss, hectarage of production, source of information, nematode species or taxon when available, and crop value. The major genera of phytoparasitic nematodes reported to cause crop losses were Heterodera, Hoplolaimus, Meloidogyne, Pratylenchus, Rotylenchulus, and Xiphinema.

A review on the factors affecting mite growth in stored grain commodities.

Science.gov (United States)

Collins, D A

2012-03-01

A thorough review of the literature has identified the key factors and interactions that affect the growth of mite pests on stored grain commodities. Although many factors influence mite growth, the change and combinations of the physical conditions (temperature, relative humidity and/or moisture content) during the storage period are likely to have the greatest impact, with biological factors (e.g. predators and commodity) playing an important role. There is limited information on the effects of climate change, light, species interactions, local density dependant factors, spread of mycotoxins and action thresholds for mites. A greater understanding of these factors may identify alternative control techniques. The ability to predict mite population dynamics over a range of environmental conditions, both physical and biological, is essential in providing an early warning of mite infestations, advising when appropriate control measures are required and for evaluating control measures. This information may provide a useful aid in predicting and preventing mite population development as part of a risk based decision support system.

Mitigation potential and global health impacts from emissions pricing of food commodities

Science.gov (United States)

Springmann, Marco; Mason-D'Croz, Daniel; Robinson, Sherman; Wiebe, Keith; Godfray, H. Charles J.; Rayner, Mike; Scarborough, Peter

2017-01-01

The projected rise in food-related greenhouse gas emissions could seriously impede efforts to limit global warming to acceptable levels. Despite that, food production and consumption have long been excluded from climate policies, in part due to concerns about the potential impact on food security. Using a coupled agriculture and health modelling framework, we show that the global climate change mitigation potential of emissions pricing of food commodities could be substantial, and that levying greenhouse gas taxes on food commodities could, if appropriately designed, be a health-promoting climate policy in high-income countries, as well as in most low- and middle-income countries. Sparing food groups known to be beneficial for health from taxation, selectively compensating for income losses associated with tax-related price increases, and using a portion of tax revenues for health promotion are potential policy options that could help avert most of the negative health impacts experienced by vulnerable groups, whilst still promoting changes towards diets which are more environmentally sustainable.

A Comparative Cost Analysis of Commodity Foods from the U. S. Department of Agriculture in the National School Lunch Program

Science.gov (United States)

Peterson, Cora

2009-01-01

Schools that participate in the National School Lunch Program receive a portion of their federal funding as commodity foods rather than cash payments. This research compared the product costs and estimated total procurement costs of commodity and commercial foods from the school district perspective using data from 579 Minnesota ordering sites in…

Capital dissipation minimization for a class of complex irreversible resource exchange processes

Science.gov (United States)

Xia, Shaojun; Chen, Lingen

2017-05-01

A model of a class of irreversible resource exchange processes (REPes) between a firm and a producer with commodity flow leakage from the producer to a competitive market is established in this paper. The REPes are assumed to obey the linear commodity transfer law (LCTL). Optimal price paths for capital dissipation minimization (CDM) (it can measure economic process irreversibility) are obtained. The averaged optimal control theory is used. The optimal REP strategy is also compared with other strategies, such as constant-firm-price operation and constant-commodity-flow operation, and effects of the amount of commodity transferred and the commodity flow leakage on the optimal REP strategy are also analyzed. The commodity prices of both the producer and the firm for the CDM of the REPes with commodity flow leakage change with the time exponentially.

Fiscal 1999 survey report. Survey of long-term strategy for energy technology: Volume 1 (Survey of foundation for strategy formulation for industrial technologies - strategy for environmental foundation buildup); 1999 nendo choki energy gijutsu senryaku nado ni kansuru chosa hokokusho. 1. Sangyo gijutsu senryaku sakutei kiban chosa (kankyo kiban seibi senryaku)

Energy Technology Data Exchange (ETDEWEB)

NONE

2000-03-01

Japan has to prepare itself to behave accurately, and to stay technologically competitive, in the severe competition age to come in which it will fail to find leaders to follow. To fulfill this goal, Japan has to collect sufficient information and analyze it relative to the current state and future prospect of industrial technologies in Japan and overseas and various factors that will influence them, and to develop industrial technology related policies based firmly on scientific and theoretical foundations to be established using the thus-acquired knowledge. Under the circumstances, a survey is conducted of innovative, technological foundations, such as industrial technology related efforts in and out of Japan. The report consists of two volumes that cover what are described below. For the survey of technology related policies pursued in various countries abroad, literature and the like are investigated concerning technology related measures, budgets, and decision making processes in America, Britain, Germany, France, and the European Union, and the results are compiled so that their systems may be compared with each other. In the survey of Japan's technology related innovative systems, case studies are made about commodities over which Japan is relatively high in competitive power. Specifically, commodities manufactured by Japan's businesses and occupying 75% or more of the global share are investigated. (NEDO)

The Reform and Design of Commodity Taxes in the Presence of Tax Evasion with Illustrative Evidence from India

OpenAIRE

Ray, R.

1994-01-01

The literature on tax evasion and its implication for optimal tax theory has concentrated on income tax evasion. The issue of commodity tax evasion has received relatively little attention even though it is important in many cases, especially in developing countries. This paper proposes a theory of marginal reform of indirect taxes that recognises the presence of commodity tax evasion. Illustrative evidence from Indian data confirm the sensitivity of the Pareto improving direction of marginal...

75 FR 38073 - Information Collection; Commodity Request (Food Aid Request Entry System (FARES))

Science.gov (United States)

2010-07-01

... Development (USAID), private voluntary organizations (PVOs), the World Food Program (WFP), the Foreign... DEPARTMENT OF AGRICULTURE Commodity Credit Corporation Farm Service Agency Information Collection... Chain Management system (WBSCM) is a new procurement system in development to replace FARES at a later...

Optimal resource allocation and load scheduling for a multi-commodity smart energy system

NARCIS (Netherlands)

Blaauwbroek, N.; Nguyen, H.P.; Shi, H.; Kamphuis, I.G.; Kling, W.L.; Konsman, M.J.

2015-01-01

The increasing introduction of district heating systems together with hybrid energy appliances as heat pumps and micro-combined heat and power installations, results in new opportunities for optimizing the available resources in multi-commodity smart energy systems, including electricity, heat and

Trash to treasure: Production of biofuels and commodity chemicals via syngas fermenting microorganisms

DEFF Research Database (Denmark)

Latif, Haythem; Zeidan, Ahmad; Nielsen, Alex Toftgaard

2014-01-01

Fermentation of syngas is a means through which unutilized organic waste streams can be converted biologically into biofuels and commodity chemicals. Despite recent advances, several issues remain which limit implementation of industrial-scale syngas fermentation processes. At the cellular level...

31 CFR 560.533 - Brokering sales of agricultural commodities, medicine, and medical devices.

Science.gov (United States)

2010-07-01

... technical data, software, or information) that are subject to license application requirements of another... IRANIAN TRANSACTIONS REGULATIONS Licenses, Authorizations and Statements of Licensing Policy § 560.533 Brokering sales of agricultural commodities, medicine, and medical devices. (a) General license for...

The Coffee Commodity Chain in the World-Economy: Arrighi's Systemic Cycles and Braudel's Layers of Analysis

Directory of Open Access Journals (Sweden)

John M. Talbot

2015-08-01

Full Text Available This article presents a history of coffee in the modern world-economy, w;ing an analyticalframework synthesized from Arrighi's concept of systemic cycles of accumulation and Braudel'snotion of three levels of economic analysis: material life, the market economy, and capitalism. Ittakes the commodity chain as the unit of analysis, and argues that this choice helps to illuminatethe caw;al connections between Braudel 's three layers. The method of incorporated comparisonis w;ed to compare restructurings of the coffee commodity chain with the restructurings of thelarger world-economy during each of Arrighi 's systemic cycles.

Outbreak-associated Salmonella enterica Serotypes and Food Commodities, United States, 1998- 2008

Centers for Disease Control (CDC) Podcasts

2013-09-09

Dr. Mike Miller reads an abridged version of the Emerging Infectious Diseases’ study, Outbreak-associated Salmonella enterica Serotypes and Food Commodities, United States, 1998- 2008.  Created: 9/9/2013 by National Center for Emerging and Zoonotic Infectious Diseases (NCEZID).   Date Released: 9/9/2013.

Globally sourced mineral commodities used in U.S. Navy SEAL gear—An illustration of U.S. net import reliance

Science.gov (United States)

Brainard, Jamie; Nassar, Nedal T.; Gambogi, Joseph; Baker, Michael S.; Jarvis, Michael T.

2018-01-25

A U.S. Navy SEAL (an acronym for sea, air, land) carries gear containing at least 23 nonfuel mineral commodities for which the United States is greater than 50 percent net import reliant. The graphics display the leading world producers of selected nonfuel mineral commodities used to manufacture U.S. Navy SEAL gear. SEALs are members of the U.S. Navy's special operations forces.

Data that warms: Waste heat, infrastructural convergence and the computation traffic commodity

Directory of Open Access Journals (Sweden)

Julia Velkova

2016-12-01

Full Text Available This article explores the ways in which data centre operators are currently reconfiguring the systems of energy and heat supply in European capitals, replacing conventional forms of heating with data-driven heat production, and becoming important energy suppliers. Taking as an empirical object the heat generated from server halls, the article traces the expanding phenomenon of ‘waste heat recycling’ and charts the ways in which data centre operators in Stockholm and Paris direct waste heat through metropolitan district heating systems and urban homes, and valorise it. Drawing on new materialisms, infrastructure studies and classical theory of production and destruction of value in capitalism, the article outlines two modes in which this process happens, namely infrastructural convergence and decentralisation of the data centre. These modes arguably help data centre operators convert big data from a source of value online into a raw material that needs to flow in the network irrespective of meaning. In this conversion process, the article argues, a new commodity is in a process of formation, that of computation traffic. Altogether data-driven heat production is suggested to raise the importance of certain data processing nodes in Northern Europe, simultaneously intervening in the global politics of access, while neutralising external criticism towards big data by making urban life literally dependent on power from data streams.

Directions for Determining Buffer Zone Distances for Commodity and Structural Fumigation with Methyl Bromide

Science.gov (United States)

Buffer zones for commodity and food handling structural applications are distributed across numerous tables. This document provides directions for determining the factors to use to identify the correct table for a given application.

The Impact of Trade Policies on Spiraling Prices in International Agricultural Commodity Markets

Directory of Open Access Journals (Sweden)

Agnes Ghibuțiu

2011-07-01

Full Text Available Since the mid-2000s food prices have been on an upward trend. In the first months of 2011, agricultural commodity prices reached an all-time high, fuelling fears about the imminent outbreak of a new food crisis, similar to the 1973/74 and 2006/08 ones. Behind concerns about increased price levels and volatility in international agricultural commodity markets lie concerns about food security. Hence, the international community is now under pressure to urgently find solutions for tempering strong upward fluctuations in prices for many major food commodities. Trade policy changes are increasingly discussed as a major contributing factor to food price surges. This paper addresses some issues related to the recurrent global food crises from the perspective of trade policy, specifically export restrictions. After a brief review of the fundamental drivers of the upward trend in real food prices (rising global population and income, climate change, high oil prices, increasing cereal use for biofuel production, and financial speculation, it examines the upsurge in agricultural export restrictions over the recent years. Relying on WTO's trade policy monitoring exercise, it highlights typology, motivations and effects of the newly introduced export restrictions, and finds that a major factor behind their recent proliferation is the lack of effective and binding multilateral rules concerning these trade policy instruments. The paper argues that strenghtening and improving WTO's rules and disciplines is essential for mitigating increased price pressure and volatility as well as the associated food security risks. While the issue of export restrictions is currently the topic of discussions under the Doha Round, trade negotiations are in impasse since 2008. Hence, urgent and successful conclusion of the round would be an essential step. In the meanwhile, a closer regular monitoring of all forms of export restrictions would help to provide at least more

Pick by click. Online-markets for commodities; Zuschlag per Mausklick. Elektronische Marktplaetze in der Energiewirtschaft

Energy Technology Data Exchange (ETDEWEB)

Haug, M.; Schreiber, M. [EUtech Energie- und Umweltberatung GbR, Aachen (Germany); Aixergy AG, Aachen (Germany)

2000-07-01

The deregulation of the German energy market has led to growing competition (among the utilities), causing prices to crumble. Consumers must intensify their search efforts considerably in order to identify the most suitable utility. Internet-based 'B2B' market-places for commodities such as electricity, gas and water help to optimise the match between demand and supply. (orig.) [German] Mit dem Wegfall der Gebietsmonopole herrscht Wettbewerb auf dem Energiemarkt. Sinkende Preise sind die Folge. Fuer die Energieverbraucher wird es immer aufwendiger, den fuer sie guenstigsten Anbieter zu ermitteln. Hier sehen internetbasierte Handelsplattformen ihre Chance. Ueber B2B-Plattformen lassen sich Strom, Gas, Heizoel oder andere Commodities vertreiben. (orig.)

Resource nationalism in Indonesia—Effects of the 2014 mineral export ban

Science.gov (United States)

Lederer, Graham W.

2016-09-27

Resource nationalism encompasses a broad range of political and economic actions taken by Governments to regulate the extraction of natural resources within their borders. Policies such as increased tariffs or export restrictions can have far-reaching economic effects on international trade. As the Governments of several developing countries consider enacting nationalistic policies, an examination of the 2014 mineral export ban in Indonesia provides an instructive example of the possible impacts of resource nationalism. Significant changes in the production and trade of unprocessed (that is, ores and concentrates) and processed (that is, refined metal) aluminum, copper, and nickel before and after the export ban form the basis of this study.The U.S. Geological Survey (USGS) National Minerals Information Center (NMIC) tracks production and trade of mineral commodities between producer and consumer countries. Materials flow studies clarify the effects of an export ban on different mineral commodities by assessing changes in production, processing capacity, and trade. Using extensive data collection and monitoring procedures, the USGS NMIC investigated the effects of resource nationalism on the flow of mineral commodities from Indonesia to the global economy.

75 FR 5877 - Commodity Supplemental Food Program (CSFP): Amendment Removing Priority Given to Women, Infants...

Science.gov (United States)

2010-02-05

... Education, Food assistance programs, Grant programs--health, Grant programs--social programs, Indians... requirements, Surplus agricultural commodities, Women. 0 Accordingly, 7 CFR part 247 is amended as follows...

Going against the flow: A critical analysis of virtual water trade in the context of India's National River Linking Programme

NARCIS (Netherlands)

Verma, Shilp; Kampman, Doeke A.; van der Zaag, Pieter; Hoekstra, Arjen Ysbert

2008-01-01

Virtual water trade has been promoted as a tool to address national and regional water scarcity. In the context of international (food) trade, this concept has been applied with a view to optimize the flow of commodities considering the water endowments of nations. The concept states that water-rich

Segmentation of the industrial market for food commodities: A conjoint study of purchase of vegetable oils in the mayonnaise and margarine industries

DEFF Research Database (Denmark)

Bech-Larsen, Tino; Skytte, Hans

Executive summary The purpose of this working paper is to study whether current market and technological developments in the vegetable oil industry can be used as the outset for a price and/or quality based segmentation of the major industrial markets for this product. More specifically we want...... that the application of concepts from ind buying behaviour to the study of commodity buying, such as the procurement of vegetable oil, is an appropriate outset, when trying to segment the market for such commodities. The article begins with a brief discussion of why food commodity markets should be segmented......, then follows current developments in the demand and technology conditions on the market for vegetable oil. Later we discuss how concepts from industrial buying behaviour can add to the understanding of commodity buying and segmentati Following this a conjoint model of vegetable oil procurement in the vegetable...

Measuring scarce water saving from interregional virtual water flows in China

Science.gov (United States)

Zhao, X.; Li, Y. P.; Yang, H.; Liu, W. F.; Tillotson, M. R.; Guan, D.; Yi, Y.; Wang, H.

2018-05-01

Trade of commodities can lead to virtual water flows between trading partners. When commodities flow from regions of high water productivity to regions of low water productivity, the trade has the potential to generate water saving. However, this accounting of water saving does not account for the water scarcity status in different regions. It could be that the water saving generated from this trade occurs at the expense of the intensified water scarcity in the exporting region, and exerts limited effect on water stress alleviation in importing regions. In this paper, we propose an approach to measure the scarce water saving associated with virtual water trade (measuring in water withdrawal/use). The scarce water is quantified by multiplying the water use in production with the water stress index (WSI). We assessed the scarce water saving/loss through interprovincial trade within China using a multi-region input-output table from 2010. The results show that interprovincial trade resulted in 14.2 km3 of water loss without considering water stress, but only 0.4 km3 scarce water loss using the scarce water concept. Among the 435 total connections of virtual water flows, 254 connections contributed to 20.2 km3 of scarce water saving. Most of these connections are virtual water flows from provinces with lower WSI to that with higher WSI. Conversely, 175 connections contributed to 20.6 km3 of scarce water loss. The virtual water flow connections between Xinjiang and other provinces stood out as the biggest contributors, accounting for 66% of total scarce water loss. The results show the importance of assessing water savings generated from trade with consideration of both water scarcity status and water productivity across regions. Identifying key connections of scarce water saving is useful in guiding interregional economic restructuring towards water stress alleviation, a major goal of China’s sustainable development strategy.

Radiation technology for value addition to food and agro commodities

International Nuclear Information System (INIS)

Sharma, Arun

2012-01-01

Assuring adequate food security to citizens of the country requires deployment of strategies for augmenting agricultural production while reducing post-harvest losses. Appropriate post-harvest processing, handling, storage and distribution practices are as important as the efforts to increase productivity for sustained food security, food safety and international trade in agricultural commodities. Nuclear energy has played a significant role both in the improvement of crop productivity, as well as, in the preservation and hygienization of agricultural produce

Radiation processing of food and agricultural commodities: opportunities and challenges

International Nuclear Information System (INIS)

Sharma, Arun

2009-01-01

Assuring adequate food security to citizens of the country requires deployment of strategies for augmenting agricultural production while eliminating post-harvest losses. Appropriate post-harvest processing, handling, storage and distribution practices are as important as the efforts to increase productivity for sustained food security, food safety and international trade in agricultural commodities. Nuclear energy can play a significant role both in the improvement of crop productivity, as well as, in the preservation and hygienization of agricultural produce

The use of importance and performance analysis (IPA) to evaluate effectiveness of the forward auction market agro commodities: A case study

Science.gov (United States)

Wulansari, Dwi Ratna; Sutopo, Wahyudi; Hisjam, Muh.

2018-02-01

The empowering auction market for commodities in East Java Province is one of five auction market revitalization programs conducted by the Republic of Indonesia c.q. Ministry of Trading started in 2014. One of the districts in East Java Province, namely Magetan District utilizes the commodity auction market to improve the competitiveness of their agricultural industry by shortening the supply chain. The Magetan District needs to evaluate their support for farmers or farmer groups to participate in the forward auction market (FAM). Implementation of the FAM commodities is divided into three main processes, namely pre-auction, auction, and post-auction. The auction market is organized to shorten the trading chain. Implementation of the FAM requires good planning, among Seller (namely Farmer or Farmer Group), organizer of Auction (namely Commodity Auction Company), Buyer, and Local Government (namely the farmer facilitator). This article is aimed to develop the instrument of a Performance Measurement Model Using Important and Performance Analysis (IPA) for Improving the FAM Effectiveness of Agro Commodity from Magetan District with Supply Chain Management approach. IPA is implemented at pre-auction, auction, and post-auction. The IPA model results in the diagram to decide the strategies in improving the FAM effectiveness, and then it can encourage farmers to improve welfare and realize the competitiveness of the auctioneer.

Role of radiation technology in preservation of food and agricultural commodities

International Nuclear Information System (INIS)

Rajput, Sanjay

2016-01-01

Several technological benefits can be achieved by gamma radiation processing of agricultural commodities and food include: inhibition of sprouting in tubers, bulbs and rhizomes; disinfestation of insect pests in stored products; disinfestation of quarantine pests in fresh produce; delay in ripening and senescence in fruits and vegetables; destruction of microbes responsible for spoilage of food; elimination of parasites and pathogens of public health importance in food

SUBJECTIVITY UNDER CONSUMERISM: THE TOTALIZATION OF THE SUBJECT AS A COMMODITY

OpenAIRE

Xavier, Marlon

2016-01-01

Abstract This theoretical work discusses consumerism's processes of subjectivation and their psychological consequences. Its regime is studied through its social imaginary and its totalitarian character: the discourse of advertising, as a global hegemon, absorbs all forms of discourse and signification, thereby actualizing capitalism's telos - the colonization of the Lebenswelt under a great imperative: everything must become a commodity, especially the subject. A process of totalization of s...

Biomimetic Flow Sensors

NARCIS (Netherlands)

Casas, J.; Liu, Chang; Krijnen, Gijsbertus J.M.

2012-01-01

Biomimetic flow sensors are biologically inspired devices that measure the speed and direction of fluids. This survey starts by describing the role and functioning of airflow-sensing hairs in arthropods and in fishes, carries on with the biomimetic MEMS implementations, both for air and water flow

Integrated Development of Chinese Herbal Medicine Planting and Tourist Commodities: A Case Study of Green Handmade Soap Development in Shandong Province

OpenAIRE

LI, Xiu; CHEN, Mengxuan; SONG, Xiaoli

2015-01-01

Combining current situations of Chinese herbal medicine planting industry in Shandong, in line with existing problems of Chinese herbal medicine planting industry, this paper analyzed development prospect of tourist commodity industry in Shandong Province, and came up with actual selection and recommendations for integrated development of Chinese herbal medicine planting and tourist commodities.

COST ANALYSIS OF ALTERNATIVE COMPUTERIZED SYSTEMS FOR THE MARKETING AND DISTRIBUTION OF MULTIPLE FOOD COMMODITIES

OpenAIRE

Epperson, James E.; Helmreich, D.P.; Moon, Leonard C.; Carley, Dale H.; Huang, Chung L.; Fletcher, Stanley M.

1981-01-01

The authors make cost comparisons among alternative computerized marketing systems. The systems described could encompass any number of commodities and stages of distribution involving cash and/or futures transactions.

Predicting prices of agricultural commodities in Thailand using combined approach emphasizing on data pre-processing technique

Directory of Open Access Journals (Sweden)

Thoranin Sujjaviriyasup

2018-02-01

Full Text Available In this research, a combined approach emphasizing on data pre-processing technique is developed to forecast prices of agricultural commodities in Thailand. The future prices play significant role in decision making to cultivate crops in next year. The proposed model takes ability of MODWT to decompose original time series data into more stable and explicit subseries, and SVR model to formulate complex function of forecasting. The experimental results indicated that the proposed model outperforms traditional forecasting models based on MAE and MAPE criteria. Furthermore, the proposed model reveals that it is able to be a useful forecasting tool for prices of agricultural commodities in Thailand

A Novel Mobile Personalized Recommended Method Based on Money Flow Model for Stock Exchange

Directory of Open Access Journals (Sweden)

Qingzhen Xu

2014-01-01

Full Text Available Personalized recommended method is widely used to recommend commodities for target customers in e-commerce sector. The core idea of merchandise personalized recommendation can be applied to financial field, which can also achieve stock personalized recommendation. This paper proposes a new recommended method using collaborative filtering based on user fuzzy clustering and predicts the trend of those stocks based on money flow. We use M/G/1 queue system with multiple vacations and server close-down time to measure practical money flow. Based on the indicated results of money flow, we can select the more valued stock to recommend to investors. The experimental results show that the proposed method provides investors with reliable practical investment guidance and receiving more returns.

Freight on a Low-Carbon Diet: Accessibility, Freightsheds, and Commodities.

Science.gov (United States)

Taptich, Michael N; Horvath, Arpad

2015-10-06

The freight infrastructure network (e.g., roads, railways, waterways, etc.) is the backbone of nearly all trade partnerships in the United States and abroad. The manner in which the individual portions of its constituent parts are interrelated or arranged plays an important role for determining the environmental footprint of goods moved within the network. Herein, we compare the spatial distribution of potential consumer-producer exchanges (i.e., accessibility) under varying greenhouse gas (GHG) budgets or preferences for minimal transportation-related GHG emissions. We conduct case studies using two freight modes (truck and intermodal rail) for two representative commodities: meat/seafood and paper articles. Results across all counties in the United States indicate that the geographic area in which trade is possible, given a GHG budget, varies by transportation mode, location, and commodity. Our results suggest that intermodal terminal availability is an important determinant of low-GHG accessibility. Since only a fraction of road-to-rail terminals accommodate meat/seafood (4.9%) and paper (0.7%), the United States could increase its expected GHG savings associated with truck-to-rail mode-switching policies by 70% (+20 kg CO2,e/ton for meat/seafood) and 310% (+30 kg CO2,e/ton for paper) by upgrading current terminals to allow the exchange of all types of goods.

CHIP: Commodity based Hazard Identification Protocol for emerging diseases in plants and animals

NARCIS (Netherlands)

Bremmer, J.; Swanenburg, M.; Galen, van M.A.; Hoek, Maarten; Rau, M.L.; Hennen, W.H.G.J.; Benninga, J.; Ge, L.; Breukers, M.L.H.

2012-01-01

This project comprised the development of a commodity-based hazard identification protocol for biological hazards in plants and animals as a decision support tree programmed in Excel. The content of the decision tree is based on the results of a systematic review of pest and pathogen

Summary report on the use of irradiation as a quarantine treatment of agricultural commodities

International Nuclear Information System (INIS)

1985-01-01

Considerable data are available to demonstrate that gamma irradiation is an effective quarantine treatment for papaya infested with fruit fly species found in Hawaii. These data are acceptable to the USDA-APHIS as a quarantine treatment for this commodity. However, its practical application can be realized only when FDA approves the use of irradiation, either for this purpose alone or as a process of food preservation. Additional data are needed to develop quarantine treatment schedules for irradiation of other commodities such as citrus, stone fruits, tropical fruits, etc., against these and other insect species. For this reason, a Consultant Meeting was convened at the East-West Center, University of Hawaii, Honolulu, Hawaii from 21 to 23 November, 1983, to evaluate existing data and to define future activities to establish the possible use of irradiation as an acceptable quarantine treatment

Dynamic analysis of policy drivers for bioenergy commodity markets

International Nuclear Information System (INIS)

Jeffers, Robert F.; Jacobson, Jacob J.; Searcy, Erin M.

2013-01-01

Biomass is increasingly being considered as a feedstock to provide a clean and renewable source of energy in the form of both liquid fuels and electric power. In the United States, the biofuels and biopower industries are regulated by different policies and have different drivers, which impact the maximum price the industries are willing to pay for biomass. This article describes a dynamic computer simulation model that analyzes future behavior of bioenergy feedstock markets given policy and technical options. The model simulates the long-term dynamics of these markets by treating advanced biomass feedstocks as a commodity and projecting the total demand of each industry, as well as the market price over time. The model is used for an analysis of the United States bioenergy feedstock market that projects supply, demand, and market price given three independent buyers: domestic biopower, domestic biofuels, and foreign exports. With base-case assumptions, the biofuels industry is able to dominate the market and meet the federal Renewable Fuel Standard (RFS) targets for advanced biofuels. Further analyses suggest that United States bioenergy studies should include estimates of export demand in their projections, and that GHG-limiting policy would partially shield both industries from export dominance. - Highlights: ► We model a United States bioenergy feedstock commodity market. ► Three buyers compete for biomass: biopower, biofuels, and foreign exports. ► The presented methodology improves on dynamic economic equilibrium theory. ► With current policy incentives and ignoring exports, biofuels dominates the market. ► Overseas biomass demand could dominate unless a CO 2 -limiting policy is enacted.

Preços de commodities e nível de atividade em uma pequena economia aberta: evidências empíricas para o estado do Espírito Santo Commodity prices and activity level in a small open economy: empirical evidence for the State of Espírito Santo

Directory of Open Access Journals (Sweden)

Matheus Albergaria de Magalhães

2011-12-01

Full Text Available O presente trabalho propõe-se a mensurar, empiricamente, os efeitos de variações nos preços de commodities sobre o nível de atividade do estado do Espírito Santo ao longo do tempo, assim como a comparar os impactos desses preços sobre a economia estadual vis-à-vis à economia nacional e demais estados brasileiros. Os resultados obtidos permitem identificar cinco padrões empíricos distintos: (i por conta de seu alto grau de abertura, o estado do Espírito Santo sente mais intensamente os impactos de choques nos preços de commodities do que o Brasil e outros estados; (ii resultados de testes de Granger-causalidade demonstram que preços de commodities exercem um padrão de precedência temporal sobre os níveis de atividade estadual e nacional; (iii padrão semelhante de precedência temporal também ocorre no caso de amplo conjunto de variáveis econômicas relacionadas ao estado do Espírito Santo; (iv um choque positivo nos preços de commodities faz com que o nível de atividade estadual aumente inicialmente, sofrendo uma contração em seguida, para então apresentar um aumento permanente em relação a seu nível original no longo prazo; (v resultados de um exercício de decomposição da variância demonstram que, em média, os impactos quantitativos de choques nos preços de commodities são maiores no caso estadual do que no caso nacional. Esses resultados são robustos a diversas questões de especificação, como o uso de diferentes transformações estacionárias dos dados e de distintos números de defasagens empregados em testes de Granger-causalidade. São importantes no sentido de gerarem melhor compreensão dos efeitos de oscilações nos preços de commodities sobre uma pequena economia aberta, conforme parece ser o caso do Espírito Santo.This paper aims to measure the effects of commodity price variations on output fluctuations over time in the State of Espírito Santo. The impacts of these prices on the State

26 CFR 31.3406(b)(3)-2 - Reportable barter exchanges and gross proceeds of sales of securities or commodities by brokers.

Science.gov (United States)

2010-04-01

... of sales of securities or commodities by brokers. 31.3406(b)(3)-2 Section 31.3406(b)(3)-2 Internal... or commodities by brokers. (a) Transactions subject to backup withholding. A payment of a kind, and to a payee, that any broker (as defined in section 6045(c) and § 1.6045-1(a)(1) of this chapter) or...

The Dutch pork chain: a commodity system resisting threats from the market and society

NARCIS (Netherlands)

Greef, de K.H.; Casabianca, F.

2009-01-01

The Dutch pork sector can be characterized as one massive, homogeneous commodity system, resisting diversification. A closer look at innovation strategies and initiatives leads to the conclusion that efforts are being made to enhance sustainability (including economic viability) through

Determinants of virtual water flows in the Mediterranean.

Science.gov (United States)

Fracasso, Andrea; Sartori, Martina; Schiavo, Stefano

2016-02-01

The aim of the paper is to investigate the main determinants of the bilateral virtual water (water used in the production of a commodity or service) flows associated with international trade in agricultural goods across the Mediterranean basin. We consider the bilateral gross flows of virtual water in the area and study what export-specific and import-specific factors are significantly associated with virtual water flows. We follow a sequential approach. Through a gravity model of trade, we obtain a "refined" version of the variable we aim to explain, one that is free of the amount of flows due to pair-specific factors affecting bilateral trade flows and that fully reflects the impact of country-specific determinants of virtual water trade. A number of country-specific potential explanatory variables, ranging from water endowments to trade barriers, from per capita GDP to irrigation prices, is presented and tested. To identify the variables that help to explain the bilateral flows of virtual water, we adopt a model selection procedure based on model averaging. Our findings confirm one of the main controversial results in the literature: larger water endowments do not necessarily lead to a larger 'export' of virtual water, as one could expect. We also find some evidence that higher water irrigation prices reduce (increase) virtual water 'exports' ('imports'). Copyright © 2015 Elsevier B.V. All rights reserved.

Methyl Bromide Buffer Zone Distances for Commodity and Structural Fumigation: Treatment Longer than 8 Hours

Science.gov (United States)

This document contains buffer zone tables required by certain methyl bromide commodity fumigant product labels that refer to Buffer Zone Lookup Tables located at epa.gov/pesticide-registration/mbcommoditybuffer on the label.

Methyl Bromide Buffer Zone Distances for Commodity and Structural Fumigation: Treatment 8 Hours or Less

Science.gov (United States)

This document contains buffer zone tables required by certain methyl bromide commodity fumigant product labels that refer to Buffer Zone Lookup Tables located at epa.gov/pesticide-registration/mbcommoditybuffer on the label.

Private Governance, Hegemonic Struggles, and Institutional Outcomes in the Transnational Cotton Commodity Chain

Directory of Open Access Journals (Sweden)

Amy Quark

2015-08-01

Full Text Available Transnational firms have rolled out new forms of private governance at the same time as the rise of new economic powerhouses like China has fomented growing inter-state tensions. This points to critical questions: how does inter-state competition shape private governance of transnational commodity chains and how does private governance shape inter-state rivalries? I explore these questions by tracing the construction and dissolution of sectoral hegemonic coalitions that govern commodity chains. Drawing on the case of cotton quality governance from 2000-2012, I argue that a coalition of the U.S. state and transnational merchants has reconstituted its sectoral hegemony to allow expanded accumulation and accommodate their main rival~China. The U.S. state created standards with Chinese characteristics, while transnational merchants made the authority structure of their institutions more inclusive. However, this reconstituted hegemony remains unstable. Facing continued regulatory competition from China, the U.S. state has constructed new forms of meta-governance that could facilitate a shift to Chinese-led sectoral hegemony but under U.S. oversight. Moreover, these sectoral hegemonic struggles compelled Western transnational merchants to fracture their long-standing relationship with the U.S. state in the hegemonic coalition in order to position their private institutions as geopolitically neutral and thus compatible with the hegemonic leadership of either the U.S. or Chinese states in the sector. By tracing struggles among coalitions of leading firms and states for hegemony over the institutions governing particular commodity chain sectors, we can shed light on possible trajectories within broader world-system level hegemonic struggles that at once constitute and are constituted by these sectoral dynamics.

Modernisation picks up in commodities exchange market%中国商品交易市场现代化步伐提速

Institute of Scientific and Technical Information of China (English)

无

2005-01-01

@@ With changes in the market circulation environment and the end of a theree-year protection after its accession to the World Trade Organisation, China's commodities trade aggregate has been growing steadily and the size of individual markets has been increasing gradually.In 2004, the number of commodity markets with annual turnover exceeding RMB 100 million jumped to 3,365,100 more than in the previous year; their turnover, at RMB2.61027 trillion, surged. 21.3%. The pace of modernisation of the country's commodity markets has picked up, with their business operations becoming more international, more information-based, larger in scale and functioning as groups.

The Role of Financial Information in Health Commodity Supply Chain Management in Developing Countries: A Case Study from Tanzania

OpenAIRE

Olaussen, Mathias Rove

2017-01-01

The Tanzanian health commodity supply chain has gradually improved since the decentralisation of the health information system began in 1999. As a part of the decentralisation process, the supply chain management has improved in terms of making information timelier available to decision-makers at lower-level health care units. Still, access and use of information are limited at some levels of the health hierarchy. This thesis examines the role of financial information in health commodity proc...

Reconciling biofuels, sustainability and commodities demand. Pitfalls and policy options

International Nuclear Information System (INIS)

Uslu, A.; Bole, T.; Londo, M.; Pelkmans, L.; Berndes, G.; Prieler, S.; Fischer, G.; Cueste Cabal, H.

2010-06-01

Increasing fossil fuel prices, energy security considerations and environmental concerns, particularly concerning climate change, have motivated countries to explore alternative energy sources including biofuels. Global demand for biofuels has been rising rapidly due to biofuel support policies established in many countries. However, proposed strong links between biofuels demand and recent years' high food commodity prices, and notions that increasing biofuels production might bring about serious negative environmental impacts, in particularly associated with the land use change to biofuel crops, have shifted public enthusiasm about biofuels. In this context, the ELOBIO project aims at shedding further light to these aspects of biofuel expansion by collecting and reviewing the available data, and also developing strategies to decrease negative effects of biofuels while enabling their positive contribution to climate change, security of supply and rural development. ELOBIO considers aspects associated with both 1st and 2nd generation biofuels, hence analyses effects on both agricultural commodity markets and lignocellulosic markets. This project, funded by the Intelligent Energy Europe programme, consists of a review of current experiences with biofuels and other renewable energy policies and their impacts on other markets, iterative stakeholder-supported development of low-disturbing biofuels policies, model supported assessment of these policies' impacts on food, feed and lignocellulosic markets, and finally an assessment of the effects of selected optimal policies on biofuels costs and potentials. Results of the ELOBIO study show that rapid biofuel deployment without careful monitoring of consequences and implementation of mitigating measures risks leading to negative consequences. Implementing ambitious global biofuel targets for 2020, based on current 1st generation technologies, can push international agricultural commodity prices upwards and increase crop

Going against the flow: a critical analysis of inter-state virtual water trade in the context of India's national river linking programme

NARCIS (Netherlands)

Verma, Shilp; Kampman, Doeke A.; van der Zaag, Pieter; Hoekstra, Arjen Ysbert

2009-01-01

Virtual water trade has been promoted as a tool to address national and regional water scarcity. In the context of international (food) trade, this concept has been applied with a view to optimize the flow of commodities considering the water endowments of nations. The concept states that water rich

Role of governance in creating a commodity hub: A comparative analysis

Directory of Open Access Journals (Sweden)

M.P. Haris

2016-10-01

Full Text Available The body of work on natural gas hubs has been expanding rapidly in recent years, with most of the current work examining the creation of gas hubs focusing on either the European experience or the North American experience. In this paper, we adopt a different perspective and place the focus on experience of hub building from other international commodities. We analyse three commodities - crude oil, iron ore and coal, and draw experience on the role of governance in development of hub based prices. In particular, we propose that the role of governance is different at different stages of the pricing transition to market based pricing. Governance could play an important role at the initial stage, building the relevant soft and physical infrastructure which facilitates the reaping of first mover advantage. As the market develops, private sector players may prefer less involvement of governance, which may distort markets. With market stabilization, governance should be focused on maintaining stable rules and regulation for private sector development, as well as monitoring for further changes in global trends. To facilitate the building of a benchmark price, the public sector should adopt a long-term and overarching view on industry growth.

Overview of plant dosimetry in agricultural commodities

International Nuclear Information System (INIS)

Khedkar, Kalpana C.

2014-01-01

Extensive research carried out for more than three decades at Bhabha Atomic Research Centre, Bombay and other laboratories in India had conclusively established application of radiation processing of food for catering to the domestic and export market. A major milestone of food irradiation was reached in the country when Board of Radiation and Isotope Technology, a constituent unit of Department of Atomic Energy had set up 'SPICE PLANT' at Vashi, Navi Mumbai in the year 2000. It was first demonstration plant for radiation processing of spices for hygienisation purpose. For expanding scope of applications in agricultural sector, the next step in this direction was taken by BARC for setting up 'KRUSHAK' plant at Lasalgaon, Nashik. This was the first plant for low dose application of gamma radiation in agricultural commodities i.e. for sprout inhibition in onion and potatoes

New CMA survey predicts 8% sales, 13% profit gains in 1993

International Nuclear Information System (INIS)

Plishner, E.S.

1992-01-01

The Chemical Manufacturers Association (CMA; Washington) fall economic survey predicts a 13% net income gain for the chemical industry in 1993. Of 84 member companies responding to the query, 84% expected an income gain. Among companies with sales of more than $1 billion/year, predominantly commodity chemical companies with currently depressed earnings, the median expected improvement is 20%. Among companies with sales of less than $1 billion/year, where more specialty companies are represented, the median 1993 forecast is for 12% profit growth

Assessment of laboratory logistics management information system practice for HIV/AIDS and tuberculosis laboratory commodities in selected public health facilities in Addis Ababa, Ethiopia.

Science.gov (United States)

Desale, Adino; Taye, Bineyam; Belay, Getachew; Nigatu, Alemayehu

2013-01-01

Logistics management information system for health commodities remained poorly implemented in most of developing countries. To assess the status of laboratory logistics management information system for HIV/AIDS and tuberculosis laboratory commodities in public health facilities in Addis Ababa. A cross-sectional descriptive study was conducted from September 2010-January 2011 at selected public health facilities. A stratified random sampling method was used to include a total of 43 facilities which, were investigated through quantitative methods using structured questionnaires interviews. Focus group discussion with the designated supply chain managers and key informant interviews were conducted for the qualitative method. There exists a well-designed logistics system for laboratory commodities with trained pharmacy personnel, distributed standard LMIS formats and established inventory control procedures. However, majority of laboratory professionals were not trained in LMIS. Majority of the facilities (60.5%) were stocked out for at least one ART monitoring and TB laboratory reagents and the highest stock out rate was for chemistry reagents. Expired ART monitoring laboratory commodities were found in 25 (73.5%) of facilities. Fifty percent (50%) of the assessed hospitals and 54% of health centers were currently using stock/bin cards for all HIV/AIDS and TB laboratory commodities in main pharmacy store, among these only 25% and 20.8% of them were updated with accurate information matching with the physical count done at the time of visit for hospitals and health centers respectively. Even though there exists a well designed laboratory LMIS, keeping quality stock/bin cards and LMIS reports were very low. Key ART monitoring laboratory commodities were stock out at many facilities at the day of visit and during the past six months. Based on findings, training of laboratory personnel's managing laboratory commodities and keeping accurate inventory control procedures

Assessment of laboratory logistics management information system practice for HIV/AIDS and tuberculosis laboratory commodities in selected public health facilities in Addis Ababa, Ethiopia

Science.gov (United States)

Desale, Adino; Taye, Bineyam; Belay, Getachew; Nigatu, Alemayehu

2013-01-01

Introduction Logistics management information system for health commodities remained poorly implemented in most of developing countries. To assess the status of laboratory logistics management information system for HIV/AIDS and tuberculosis laboratory commodities in public health facilities in Addis Ababa. Methods A cross-sectional descriptive study was conducted from September 2010-January 2011 at selected public health facilities. A stratified random sampling method was used to include a total of 43 facilities which, were investigated through quantitative methods using structured questionnaires interviews. Focus group discussion with the designated supply chain managers and key informant interviews were conducted for the qualitative method. Results There exists a well-designed logistics system for laboratory commodities with trained pharmacy personnel, distributed standard LMIS formats and established inventory control procedures. However, majority of laboratory professionals were not trained in LMIS. Majority of the facilities (60.5%) were stocked out for at least one ART monitoring and TB laboratory reagents and the highest stock out rate was for chemistry reagents. Expired ART monitoring laboratory commodities were found in 25 (73.5%) of facilities. Fifty percent (50%) of the assessed hospitals and 54% of health centers were currently using stock/bin cards for all HIV/AIDS and TB laboratory commodities in main pharmacy store, among these only 25% and 20.8% of them were updated with accurate information matching with the physical count done at the time of visit for hospitals and health centers respectively. Conclusion Even though there exists a well designed laboratory LMIS, keeping quality stock/bin cards and LMIS reports were very low. Key ART monitoring laboratory commodities were stock out at many facilities at the day of visit and during the past six months. Based on findings, training of laboratory personnel's managing laboratory commodities and keeping

The bitter right of the Netherlands Gasunie. Competitive constraints of the Commodity Services System

International Nuclear Information System (INIS)

Van Gelder, J.W.

2000-01-01

The beginning of 1999 the Dutch natural gas trading company Gasunie introduced a new tariff system: the Commodity Services System (CSS or CDS, abbreviated in Dutch), criticized by many market parties. The head of the Gasunie department Gas Sales answers the critics

Medieval market institutions : the organisation of commodity markets in Holland, c. 1200 - c. 1450

NARCIS (Netherlands)

Dijkman, J.E.C.

2010-01-01

According to neo-institutional economics, markets are shaped by man-made rules and practices that determine market efficiency. Departing from this hypothesis, the dissertation examines how the organisation of commodity markets contributed to the rapid commercialisation of the county of Holland in

75 FR 29307 - Web Based Supply Chain Management Commodity Offer Form, Paperwork Collection Notice

Science.gov (United States)

2010-05-25

... Based Supply Chain Management Commodity Offer Form, Paperwork Collection Notice AGENCY: Agricultural... collection request is required for the implementation of a new system named Web Based Supply Chain Management...-2782. Mail: David Tuckwiller, Project Manager, Web Based Supply Chain Management System, Agricultural...

Speculation and volatility spillover in the crude oil and agricultural commodity markets: A Bayesian analysis

International Nuclear Information System (INIS)

Du Xiaodong; Yu, Cindy L.; Hayes, Dermot J.

2011-01-01

This paper assesses factors that potentially influence the volatility of crude oil prices and the possible linkage between this volatility and agricultural commodity markets. Stochastic volatility models are applied to weekly crude oil, corn, and wheat futures prices from November 1998 to January 2009. Model parameters are estimated using Bayesian Markov Chain Monte Carlo methods. Speculation, scalping, and petroleum inventories are found to be important in explaining the volatility of crude oil prices. Several properties of crude oil price dynamics are established, including mean-reversion, an asymmetry between returns and volatility, volatility clustering, and infrequent compound jumps. We find evidence of volatility spillover among crude oil, corn, and wheat markets after the fall of 2006. This can be largely explained by tightened interdependence between crude oil and these commodity markets induced by ethanol production.

77 FR 59840 - Statutory Amendments Affecting Transportation of Agricultural Commodities and Farm Supplies

Science.gov (United States)

2012-10-01

... transportation of farm supplies from the local farm retailer to the ultimate consumer within a 100 air-mile... wholesalers located at port or terminal facilities to either local farm retailers or farms. (See Question 33...] commodities.'' The exemption created by the Act applies to two types of transportation. The first type is...

Agricultural Commodities and Crude Oil Prices: An Empirical Investigation of Their Relationship

Directory of Open Access Journals (Sweden)

Eleni Zafeiriou

2018-04-01

Full Text Available Within the last few decades, the extended use of biodiesel and bioethanol has established interlinkages between energy markets and agricultural commodity markets. The present work examines the bivariate relationships of crude oil–corn and crude oil–soybean futures prices with the assistance of the ARDL cointegration approach. Our findings confirm that crude oil prices affect the prices of agricultural products used in the production of biodiesel, as well as of ethanol, validating the interaction of energy and agricultural commodity markets. The practical value of the present work is that the findings provide policy makers with insight into the interlinkages between agricultural and energy markets to promote biodiesel or bioethanol by affecting crude oil prices. The novelty of the present work stands on the use of futures prices that incorporate all available information and thus are more appropriate to identify supply and demand shocks and price spillovers than real prices. Finally, the period of study includes extremely low, as well as extremely high, crude oil prices and the results illustrate that biofuels cannot be substituted for crude oil and protect economies from energy volatility.

Theoretical Grounds of Determination of the Essence of the Mechanism of Formation of the Consumption Value of a Commodity

Directory of Open Access Journals (Sweden)

Shulgina Lyudmyla M.

2013-12-01

Full Text Available The article considers essences of the “category”, “economic category” and “consumption value of a commodity” notions and proves the economic nature of the consumption value and offers authors’ own definition. In order to identify the essence of the “consumption value of a commodity” notion, the article systemises scientific approaches and it is considered from the point of view of the classical political economy, psychology and marketing. The article offers own definition of the consumption value of a commodity and also, on the basis of the specified notions of usefulness, quality and cost, it offers a generalised model of interaction of main factors of formation of the consumption value of a commodity. It develops a mechanism of formation of the consumption value of a commodity based on the value-oriented management and also taking into account differentiators of value and specific features of its components from the point of view of all participants of its creation.

Pitot survey of exhaust flow field of a 2-D scramjet nozzle at Mach 6 with air or freon and argon used for exhaust simulation

Science.gov (United States)

Monta, William J.

1992-01-01

A pitot-rake survey of the simulated exhaust of a half-span scramjet nozzle model was conducted in the Langley 20-Inch Mach 6 Tunnel to provide an additional data set for computational fluid dynamics (CFD) code comparisons. A wind-tunnel model was tested with a 26-tube pitot rake that could be manually positioned along the mid-semispan plane of the model. The model configuration had an external expansion surface of 20 degrees and an internal cowl expansion of 12 degrees; tests were also performed with a flow fence. Tests were conducted at a free-stream Reynolds number of approximately 6.5 x 10(exp 6) per foot and a model angle of attack of -0.75 degrees. The two exhaust gas mediums that were tested were air and a Freon 12-argon mixture. Each medium was tested at two jet total pressures at approximately 28 and 14 psia. This document presents the flow-field survey results in graphical as well as tabular form, and several observations concerning the results are discussed. The surveys reveal the major expected flow-field characteristics for each test configuration. For a 50-percent freon 12 and 50-percent argon mixture by volume (Fr-Ar), the exhaust jet pressures were slightly higher than those for air. The addition of a flow fence slightly raised the pitot pressure for the Fr-Ar mixture, but it produced little change for air. For the Fr-Ar exhaust, the plume was larger and the region between the shock wave and plume was smaller.

Information technology: commodity or strategical tool?

Directory of Open Access Journals (Sweden)

Luciene Braz Ferreira

2005-03-01

Full Text Available Since the sprouting of the informantion technology (IT and its use for the companies therelation between cost and benefit did not stay clear. This is a question that has been studied andanalyzed in depth in the academic and organizacional environments. The results of the studiespoint with respect to two opposing sides: first, one believes that IT does not pass of a toolwithout strategical value. On the order side, enterprises work with idea thar IT is strategicsolution for many problems for all levels and businesses. Beyond this paradox, the challengeexists to justify the high investiments in technology, since the companies, ahead of the highcompetitiveness the enterprises could not focus in efforts no productives. The theoretical paperdoes not intend to answer the question, but to only describe the aspects that lead to such doubt.For such, it describes some concepts of IT, the IT business value, analysis of he investmensts inIT and IT as a commodity. At the final, are presented the limitations of this theoretical reflectionand the expositons on the concepts and of its difficult practical applicability.

Water : a commodity or resource?

International Nuclear Information System (INIS)

Pomeroy, G.

2003-01-01

Over the past several years, natural gas demand has increased significantly, as it is seen as an environmentally friendly, convenient and cost effective fuel. As a result, Alberta should experience the development of a sustainable resource in the form of natural gas from coal, provided adequate management of associated water is in place. The environmental impact and volume of water produced with natural gas from coal can be significant. Water is scarce and demand is growing. Gas producers are faced with the challenge of high water production and disposal costs, and often choose the deep disposal option as the most economical solution. However, environmentalists and agriculture groups who view water as a valuable resource, warrant the costs associated with the treatment of produced water. The author proposed a conceptual solution to this dilemma concerning produced water. It was suggested that producers of water should be connected with consumers, while allowing free market supply and demand dynamics to price out the inefficient use of the resource. The author also discussed the related regulatory, environmental, technological, economic, and commercial issues. It was concluded that water is both a resource and a commodity. Alberta should implement measures to promote water conservation, pollute less, and manage supply and demand. figs

22 CFR 211.9 - Liability for loss damage or improper distribution of commodities.

Science.gov (United States)

2010-04-01

... quantity and condition of the commodities discharged. The report also shall show the probable cause of any... for these deposits shall be at the highest rate of exchange legally obtainable on the date of deposit... and other factors affecting its accuracy, or an explanation of why a scale was not used and how weight...

Estimation of value-at-risk for energy commodities via fat-tailed GARCH models

International Nuclear Information System (INIS)

Hung, Jui-Cheng; Lee, Ming-Chih; Liu, Hung-Chun

2008-01-01

The choice of an appropriate distribution for return innovations is important in VaR applications owing to its ability to directly affect the estimation quality of the required quantiles. This study investigates the influence of fat-tailed innovation process on the performance of one-day-ahead VaR estimates using three GARCH models (GARCH-N, GARCH-t and GARCH-HT). Daily spot prices of five energy commodities (WTI crude oil, Brent crude oil, heating oil 2, propane and New York Harbor Conventional Gasoline Regular) are used to compare the accuracy and efficiency of the VaR models. Empirical results suggest that for asset returns that exhibit leptokurtic and fat-tailed features, the VaR estimates generated by the GARCH-HT models have good accuracy at both low and high confidence levels. Additionally, MRSB indicates that the GARCH-HT model is more efficient than alternatives for most cases at high confidence levels. These findings suggest that the heavy-tailed distribution is more suitable for energy commodities, particularly VaR calculation. (author)

Detecting Recycled Commodity SoCs: Exploiting Aging-Induced SRAM PUF Unreliability

OpenAIRE

Gao, Yansong; Ma, Hua; Al-Sarawi, Said F.; Abbott, Derek; Ranasinghe, Damith C.

2017-01-01

A physical unclonable function (PUF), analogous to a human fingerprint, has gained an enormous amount of attention from both academia and industry. SRAM PUF is among one of the popular silicon PUF constructions that exploits random initial power-up states from SRAM cells to extract hardware intrinsic secrets for identification and key generation applications. The advantage of SRAM PUFs is that they are widely embedded into commodity devices, thus such a PUF is obtained without a custom design...

From creation to consumption: objects and commodities

Directory of Open Access Journals (Sweden)

Angélica Bautista López

2008-11-01

Full Text Available Objects, persons and ideas are all merely merchandise in a world that is highly industrialised and utterly superficial. Consumer societies produce a profusion of merchandise. In strictly economic terms, merchandise is whatever has an exchange-value, in  a world where objects are valued for their utility. So goods are whatever is useful, where use can be measured in monetary terms. This perspective impoverishes social relations. People relate only insofar as their value dictates, and that value is merely utilitarian. Moreover, this commercialisation reaches up to impoverish society as a whole. All this is the result of a long process of objectification which, seeing the world as the exchange of goods, ends up treating people just like any other tradable commodity. This article takes a critical look at the processes involved, and proposes an explanation in terms of the social construction of 'utility''.

Interactive Adjustment of Regularization in SENSE and k-t SENSE Using Commodity Graphics Hardware

DEFF Research Database (Denmark)

Hansen, Michael Schacht; Atkinson, David; Sørensen, Thomas Sangild

2008-01-01

This project demonstrates that modern commodity graphics cards (GPUs) can be used to perform fast Cartesian SENSE and k-t SENSE reconstruction. Specifically, the SENSE inversion is accelerated by up to two orders of magnitude and is no longer the time-limiting step. The achieved reconstruction...

Prices of agricultural commodities, biofuels and fossil fuels in long-run relationships: a comparative study for the USA and Europe

DEFF Research Database (Denmark)

Groth, Tanja; Bentzen, Jan

2013-01-01

Time-series data for the USA and Europe representing prices of agricultural commodities, biofuels and fossil fuels are used for a comparative analysis of long-run price relationships. There is some evidence for cointegration between ethanol and gasoline, especially for the USA, and in the case...... of biodiesel, stronger evidence of cointegration between biodiesel, diesel and soya oil for both the USA and Europe. Finally, biofuel prices do not seem to influence agricultural commodity prices or fossil fuel prices....

Volatility Modeling, Seasonality and Risk-Return Relationship in GARCH-in-Mean Framework: The Case of Indian Stock and Commodity Markets

OpenAIRE

Brajesh Kumar; Singh, Priyanka

2008-01-01

This paper is based on an empirical study of volatility, risk premium and seasonality in risk-return relation of the Indian stock and commodity markets. This investigation is conducted by means of the General Autoregressive Conditional Heteroscedasticity in the mean model (GARCH-in-Mean) introduced by Engle et al. (1987). A systematic approach to model volatility in returns is presented. Volatility clustering and asymmetric nature is examined for Indian stock and commodity markets. The risk-r...

"Beyond the commodity metaphor," revisited: Some methodological reflections on place attachment research

Science.gov (United States)

Daniel R. Williams

2014-01-01

The year 1992 was a watershed for research on place attachment. Not only was the landmark book Place Attachment (Altman & Low, 1992) published, in that same year some colleagues and I published "Beyond the Commodity Metaphor" in the journal Leisure Sciences (Williams et al., 1992). Our paper was not intended as a methodological contribution to place...

If the Song has No Price, is it Still a Commodity? : Rethinking the Commodification of Digital Music

Directory of Open Access Journals (Sweden)

Rasmus Fleischer

2017-10-01

Full Text Available In music streaming services like Spotify, discrete pieces of music no longer has a price, as has traditionally been the case in music retailing, both analog and digital. This article discusses the theoretical and practical implications of this shift towards subscriptions, starting from a critical review of recent literature dealing with the commodification of music. The findings have a relevance that is not limited to music or digital media, but also apply more broadly on the study of commodification. At the theoretical level, the article compares two ways of defining the commodity, one structural (Marx, one situational (Appadurai, Kopytoff, arguing for the necessity of a theory that can distinguish commodities from all that which is not (yet commodified. This is demonstrated by taking Spotify as a case, arguing that it does not sell millions of different commodities to its users, but only one: the subscription itself. This has broad economic and cultural implications, of which four are highlighted: (1 The user of Spotify has no economic incentive to limit music listening, because the price of a subscription is the same regardless of the quantity of music consumed. (2 For the same reason, Spotify as a company cannot raise its revenues by making existing customers consume more of the product, but only by raising the number of subscribers, or by raising the price of a subscription. (3 Within platforms like Spotify, it is not possible to use differential pricing of musical recordings, as has traditionally been the case in music retail. Accordingly, record companies or independent artists hence can no longer compete for listeners by offering their music at a discount. (4 Within the circuit of capital. Spotify may actually be better understood as a commodity producer than as a distributor, implying a less symbiotic relationship to the recorded music industry.

The analysis of return on speculative trading with futures contracts of agriculture commodities in the context of the currency risk

Directory of Open Access Journals (Sweden)

Oldřich Šoba

2007-01-01

Full Text Available The paper is focused on analysis of return on speculative operations with futures contracts from the view of participators not undertaking and undertaking the currency risk. The currency risk is determined by unexpected change of relevant exchange rate (currency denomination of futures contracts / domestic currency of participator. The paper analyses the basic factors influencing the profitability of these operations such as relative change of futures contract value, leverage incidence and relative change of relevant exchange rate. The paper is focused on futures contracts of the world most important agricultural commodities. The conclusion of the paper for participators not undertaking the currency risk is following: The relative change of futures contract is main factor for the calculation of return on speculative operation. This change is multiplied by leverage incidence finally. The conclusion of the paper for participators undertaking the currency risk is following: The relative change of relevant exchange rate is not usually relevant for the calculation of return on speculative operation. Main factor is the relative change of futures contract because this change is multiplied by leverage incidence finally but the relative change of relevant exchange rate isn’t.Neverthless the conclusions of this paper are not valid only for futures contracts of agricultural commodities but generally also for other commodity futures contracts and futures contracts where underlying assets are not commodities but for example financial assets.

DeepSpark: A Spark-Based Distributed Deep Learning Framework for Commodity Clusters

OpenAIRE

Kim, Hanjoo; Park, Jaehong; Jang, Jaehee; Yoon, Sungroh

2016-01-01

The increasing complexity of deep neural networks (DNNs) has made it challenging to exploit existing large-scale data processing pipelines for handling massive data and parameters involved in DNN training. Distributed computing platforms and GPGPU-based acceleration provide a mainstream solution to this computational challenge. In this paper, we propose DeepSpark, a distributed and parallel deep learning framework that exploits Apache Spark on commodity clusters. To support parallel operation...

Exploitation of Labour and Exploitation of Commodities: a “New Interpretation”

OpenAIRE

Veneziani, Roberto; Yoshihara, Naoki

2011-01-01

In the standard Okishio-Morishima approach, the existence of profits is proved to be equivalent to the exploitation of labour. Yet, it can also be proved that the existence of profits is equivalent to the ‘exploitation’ of any good. Labour and commodity exploitation are just different numerical representations of the productiveness of the economy. This paper presents an alternative approach to exploitation theory which is related to the New Interpretation (Duménil 1980; Foley 1982). In this a...

Sustainable Systems Analysis of Production and Transportation Scenarios for Conventional and Bio-based Energy Commodities

Science.gov (United States)

Doran, E. M.; Golden, J. S.; Nowacek, D. P.

2013-12-01

International commerce places unique pressures on the sustainability of water resources and marine environments. System impacts include noise, emissions, and chemical and biological pollutants like introduction of invasive species into key ecosystems. At the same time, maritime trade also enables the sustainability ambition of intragenerational equity in the economy through the global circulation of commodities and manufactured goods, including agricultural, energy and mining resources (UN Trade and Development Board 2013). This paper presents a framework to guide the analysis of the multiple dimensions of the sustainable commerce-ocean nexus. As a demonstration case, we explore the social, economic and environmental aspects of the nexus framework using scenarios for the production and transportation of conventional and bio-based energy commodities. Using coupled LCA and GIS methodologies, we are able to orient the findings spatially for additional insight. Previous work on the sustainable use of marine resources has focused on distinct aspects of the maritime environment. The framework presented here, integrates the anthropogenic use, governance and impacts on the marine and coastal environments with the natural components of the system. A similar framework has been highly effective in progressing the study of land-change science (Turner et al 2007), however modification is required for the unique context of the marine environment. This framework will enable better research integration and planning for sustainability objectives including mitigation and adaptation to climate change, sea level rise, reduced dependence on fossil fuels, protection of critical marine habitat and species, and better management of the ocean as an emerging resource base for the production and transport of commodities and energy across the globe. The framework can also be adapted for vulnerability analysis, resilience studies and to evaluate the trends in production, consumption and

Research on the Risk Measurement for the Futures Market of Bulk Commodity – Taking the silver futures as the example

Directory of Open Access Journals (Sweden)

Du Yating

2015-01-01

Full Text Available The futures transaction of bulk commodity has played an important role since China became the global manufacturing center. Taking the commodity futures market in Shanghai as the research objective, this article selects the price of silver futures, uses GARCH-VaR and Stress Testing to measure the risk tolerance of the market. The research result shows the silver price is fluctuated within the scope specified by the market and won't influence the stable operation of futures market.

Discounting of money and sex: effects of commodity and temporal position in stimulant-dependent men and women.

Science.gov (United States)

Jarmolowicz, David P; Landes, Reid D; Christensen, Darren R; Jones, Bryan A; Jackson, Lisa; Yi, Richard; Bickel, Warren K

2014-11-01

Research on delay discounting has contributed to the understanding of numerous addiction-related phenomena. For example, studies have shown that substance dependent individuals discount their addictive substances (e.g., cocaine) more rapidly than they do other commodities (e.g., money). Recent research has shown that substance dependent individuals discount delayed sex more rapidly than delayed money, and their discounting rates for delayed sex were higher than those of non-addicted individuals. The particular reason that delay discounting rates for sex are higher than those for money, however, are unclear. Do individuals discount delayed sex rapidly because immediate sex is particularly appealing or because delayed sex does not retain its value? Moreover, do the same factors influence men and women's choices? The current study examined delay discounting in four conditions (money now versus money later; sex now versus sex later; money now, versus sex later; sex now versus money later) in cocaine dependent men and women. The procedures used isolated the role of the immediate versus delayed commodity. For men, the higher rates of delay discounting for sex were because delayed sex did not retain its value, whereas both the immediate and delayed commodity influenced the female participants' decisions. Copyright © 2014 Elsevier Ltd. All rights reserved.

Agrarian foreign trade of the Czech Republic in the period of 2004–2008, competitiveness of commodities

Directory of Open Access Journals (Sweden)

Jaroslava Burianová

2011-01-01

Full Text Available The paper deals with agrarian foreign trade (AFT of the Czech Republic during the period of 2004–2008. Distinct changes in the trade volume, but also changes in the net export structure were observed. The export is being assisted with a much larger trading area without customs restrictions but it is also exposed to a much tougher competition. A methodology that makes it possible to evaluate the competitiveness of individual commodities is described in the first part. A sequence of individual items from a total list of basic food goods was analyzed using chosen indicators – Balass indicator RCA (Revealed Comparative Advantage as well as the Michaely index MI that shows a specific degree of specialization for export. In the Results section, attention is firstly focused on the year 2004. The values of export and import for 24 items of basic food commodities are summarised, and the most important items in respect of the share in total export are selected. Analogical output was acquired for the year 2008. The values of RCA and MI indicators are then itemised, and a sequence is determined for the highest values for the commodities able to compete that shows the specific degree of specialization for export.

Potential of commodity chemicals to become bio-based according to maximum yields and petrochemical prices

NARCIS (Netherlands)

Straathof, Adrie J.J.; Bampouli, A.

2017-01-01

Carbohydrates are the prevailing biomass components available for bio-based production. The most direct way to convert carbohydrates into commodity chemicals is by one-step conversion at maximum theoretical yield, such as by anaerobic fermentation without side product formation. Considering these

Halogen-Mediated Conversion of Hydrocarbons to Commodities.

Science.gov (United States)

Lin, Ronghe; Amrute, Amol P; Pérez-Ramírez, Javier

2017-03-08

Halogen chemistry plays a central role in the industrial manufacture of various important chemicals, pharmaceuticals, and polymers. It involves the reaction of halogens or halides with hydrocarbons, leading to intermediate compounds which are readily converted to valuable commodities. These transformations, predominantly mediated by heterogeneous catalysts, have long been successfully applied in the production of polymers. Recent discoveries of abundant conventional and unconventional natural gas reserves have revitalized strong interest in these processes as the most cost-effective gas-to-liquid technologies. This review provides an in-depth analysis of the fundamental understanding and applied relevance of halogen chemistry in polymer industries (polyvinyl chloride, polyurethanes, and polycarbonates) and in the activation of light hydrocarbons. The reactions of particular interest include halogenation and oxyhalogenation of alkanes and alkenes, dehydrogenation of alkanes, conversion of alkyl halides, and oxidation of hydrogen halides, with emphasis on the catalyst, reactor, and process design. Perspectives on the challenges and directions for future development in this exciting field are provided.

Clinical assessment, design and performance testing of mobile shower commodes for adults with spinal cord injury: an exploratory review.

Science.gov (United States)

Friesen, Emma; Theodoros, Deborah; Russell, Trevor

2013-07-01

The purpose of this article is to explore evidence concerning clinical assessment, design and performance testing of mobile shower commodes used by adults with spinal cord injury (SCI). Searches of electronic databases, conference proceedings and key journals were undertaken with no restriction on language or study design. Keywords included spinal cord injury, lesion, sanichair, sanitary chair, shower chair, bowel chair and commode. A total of 20 publications were included in this review. Common approaches to clinical assessments were questionnaires and observational analysis to assess bowel care routines, function and skin integrity. Design features addressed access for bowel care, postural support, transfers, stability, use in wet environments and skin integrity. Objective performance measures addressed requirements for static stability, backward-sloping seat angles, arm supports and seat materials. Evidence reviewed was of low methodological quality and lacking in validated instruments to guide clinical practice. Further high-quality research is needed to identify bathing, showering and personal hygiene tasks affecting mobile shower commodes use and to develop validated clinical assessment tools. Performance testing to published standards is also needed.

Worlding via water:Desalination, cluster development and the ‘stickiness’ of commodities

OpenAIRE

Usher, Mark

2018-01-01

Whilst it may no longer be particularly controversial to highlight water as a matter of politics, to describe water’s matter as political still challenges mainstream understandings of natural resource management. Indeed, water provides a sticky medium for the formation and consolidation of broader social, economic and discursive relations, which are enabled or constrained by the production history or ‘cultural biography’ of the commodity. This has been widely demonstrated in relation to capit...

Descriptive Analysis and Strategic Options to Defeat Commodity-Based Threat Financing Methodologies Related to Gold

Science.gov (United States)

2015-09-01

auditing firms. 14. SUBJECT TERMS Counter threat finance, commodity-based money laundering , terrorist financing, social network analysis, bright...51 2. Asia/Pacific Group on Money Laundering ................................52 3. Caribbean Financial Action Task Force...53 4. Eurasian Group on Combating Money Laundering and Financing of Terrorism

INFORMATION TECHNOLOGY: COMMODITY OR STRATEGICAL TOOL?

Directory of Open Access Journals (Sweden)

Luciene Braz Ferreira

2006-11-01

Full Text Available Since the sprouting of the informantion technology (IT and its use for the companies the relation between cost and benefit did not stay clear. This is a question that has been studied and analyzed in depth in the academic and organizacional environments. The results of the studies point with respect to two opposing sides: first, one believes that IT does not pass of a tool without strategical value. On the order side, enterprises work with idea thar IT is strategic solution for many problems for all levels and businesses. Beyond this paradox, the challenge exists to justify the high investiments in technology, since the companies, ahead of the high competitiveness the enterprises could not focus in efforts no productives. The theoretical paper does not intend to answer the question, but to only describe the aspects that lead to such doubt. For such, it describes some concepts of IT, the IT business value, analysis of he investmensts in IT and IT as a commodity. At the final, are presented the limitations of this theoretical reflection and the expositons on the concepts and of its difficult practical applicability.

Econometrics as evidence? Examining the 'causal' connections between financial speculation and commodities prices.

Science.gov (United States)

Williams, James W; Cook, Nikolai M

2016-10-01

One of the lasting legacies of the financial crisis of 2008, and the legislative energies that followed from it, is the growing reliance on econometrics as part of the rulemaking process. Financial regulators are increasingly expected to rationalize proposed rules using available econometric techniques, and the courts have vacated several key rules emanating from Dodd-Frank on the grounds of alleged deficiencies in this evidentiary effort. The turn toward such econometric tools is seen as a significant constraint on and challenge to regulators as they endeavor to engage with such essential policy questions as the impact of financial speculation on food security. Yet, outside of the specialized practitioner community, very little is known about these techniques. This article examines one such econometric test, Granger causality, and its role in a pivotal Dodd-Frank rulemaking. Through an examination of the test for Granger causality and its attempts to distill the causal connections between financial speculation and commodities prices, the article argues that econometrics is a blunt but useful tool, limited in its ability to provide decisive insights into commodities markets and yet yielding useful returns for those who are able to wield it.

Evaluation of different hedging strategies for commodity price risks of industrial cogeneration plants

International Nuclear Information System (INIS)

Palzer, Andreas; Westner, Günther; Madlener, Reinhard

2013-01-01

In this paper, we design and evaluate eight different strategies for hedging commodity price risks of industrial cogeneration plants. Price developments are parameterized based on EEX data from 2008 to 2011. The probability distributions derived are used to determine the value-at-risk (VaR) of the individual strategies, which are in a final step combined in a mean-variance portfolio analysis for determining the most efficient hedging strategy. We find that the strategy adopted can have a marked influence on the remaining price risk. Quarter futures are found to be particularly well suited for reducing market price risk. In contrast, spot trading of CO 2 certificates is found to be preferable compared to forward market trading. Finally, portfolio optimization shows that a mix of various hedging strategies can further improve the profitability of a heat-based cogeneration plant. - Highlights: • Evaluation of commodity price risk hedging strategies for industrial cogeneration. • Value-at-risk analysis of eight different hedging strategies. • Mean-variance portfolio analysis for determining the optimal hedging strategy mix. • A mix of hedging strategies further improves profitability of heat-based CHP

From Public to Private Standards for Tropical Commodities: A Century of Global Discourse on Land Governance on the Forest Frontier

Directory of Open Access Journals (Sweden)

Derek Byerlee

2015-04-01

Full Text Available Globalization and commodity exports have a long history in affecting land use changes and land rights on the tropical forest frontier. This paper reviews a century of social and environmental discourse around land issues for four commodities grown in the humid tropics—rubber, cocoa, oil palm and bananas. States have exercised sovereign rights over land and forest resources and the outcomes for deforestation and land rights of existing users have been quite varied depending on local institutional contexts and political economy. In the current period of globalization, as land use changes associated with tropical commodities have accelerated, land issues are now at center stage in the global discourse. However, efforts to protect forests and the rights of local communities and indigenous groups continue to be ad hoc and codification of minimum standards and their implementation remains a work in progress. Given a widespread failure of state directed policies and institutions to curb deforestation and protect land rights, the private sector, with the exception of the rubber industry, is emphasizing voluntary standards to certify sustainability of their products. This is an important step but expectations that they will effectively address concerns about the impact of tropical commodities expansion might be too high, given their voluntary nature, demand constraints, and the challenge of including smallholders. It is also doubtful that private standards can more than partially compensate for long standing weaknesses in land governance and institutions on the forest frontier.

Countercurrent two-phase flow

International Nuclear Information System (INIS)

Hewitt, G.F.; Imperial Coll. of Science and Technology, London

1989-01-01

A survey is presented of counter-current flow with particular reference to the limits of the regime, namely the 'flooding' phenomena. Emphasis is also given to the transiently counter-current type of flow ('churn flow') which is formed on the break-down of falling film counter-current flow. The mechanisms of flooding are reviewed and flooding in systems with heat transfer and in non-vertical channels is discussed. New data on the flooding phenomena and the region of simultaneous downflow and upflow beyond flooding are presented. The onset of churn flow is discussed and new measurements on churn flow are presented. The characteristics of the churn flow regime are shown to be independent of the coexistence of a falling film region below the liquid injection point. (orig.)

On the importance of commodity and energy price shocks for the macroeconomy

Science.gov (United States)

Edelstein, Paul S.

Although higher commodity prices are commonly thought to presage higher rates of inflation, the existing literature suggests that the predictive power of commodity prices for inflation has waned since the 1980s. In the first chapter, I show that this result can be overturned using state-of-the-art forecast combination methods. Moreover, commodity prices are shown to contain predictive information not contained in the leading principal components of a broad set of macroeconomic and financial variables. These improved inflation forecasts are of little value, however, for predicting actual Fed policy decisions. The remaining two chapters study the effect of energy price shocks on U.S. consumer and business expenditures. In the second chapter, I show that there is no statistical support for the presence of asymmetries in the response of real consumption to energy price increases and decreases. This finding has important implications for empirical and theoretical models of the transmission of energy price shocks. I then quantify the direct effect on real consumption of (1) unanticipated changes in discretionary income, (2) shifts in precautionary savings, and (3) changes in the operating cost of energy-using durables. Finally, I trace the declining importance of energy price shocks relative to the 1970s to changes in the composition of U.S. automobile production and the declining overall importance of the U.S. automobile sector. An alternative source of asymmetry is the response of nonresidential fixed investment to energy price shocks. In the third chapter, I show that the apparent asymmetry in the estimated responses of business fixed investment in equipment and structures is largely an artifact (1) of the aggregation of mining-related expenditures by the oil, natural gas, and coal mining industry and all other expenditures, and (2) of ignoring an exogenous shift in investment caused by the 1986 Tax Reform Act. Once symmetry is imposed and miningrelated expenditures