WorldWideScience

Sample records for homogeneous commodity market

  1. 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

  2. "Fairtrade” and Market Failures in Agricultural Commodity Markets

    OpenAIRE

    Ronchi, Loraine

    2006-01-01

    This paper concerns an NGO intervention in agricultural commodity markets known as Fairtrade. Fairtrade pays producers a minimum unit price and provides capacity building support to member cooperative organizations. Fairtrade's organizational capacity support targets those factors believed to reduce the commodity producer's share of returns. Specifically, Fairtrade justifies its intervention in markets like coffee by claiming that market power and a lack of capacity in producer organizations ...

  3. 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.

  4. 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; Saad, David

    To understand how market structure drives commodity price trends with respect to resource availability 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. When resources are scarce prices rise sharply below a turning point marking the disappearance of excess producers. 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. This work is supported by Research Grants Council of Hong Kong (Grant Numbers 604512, 605813, and 16322616) and the Leverhulme Trust RPG-2013-48.

  5. 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.

  6. Towards microalgal triglycerides in the commodity markets.

    Science.gov (United States)

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

    2017-01-01

    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 production (growth reactors are operated in continuous mode such that multiple batch-operated stress reactors are inoculated and harvested sequentially) for a 100-ha plant in southern Spain using vertically stacked tubular photobioreactors. The base case is established with outdoor pilot-scale data and based on current process technology. For the base case, production costs of 6.7 € per kg of biomass containing 24% TAG (w/w) were found. Several scenarios with reduced production costs were then presented based on the latest biological and technological advances. For instance, much effort should focus on increasing the photosynthetic efficiency during the stress and growth phases, as this is the most influential parameter on production costs (30 and 14% cost reduction from base case). Next, biological and technological solutions should be implemented for a reduction in cooling requirements (10 and 4.5% cost reduction from base case when active cooling is avoided and cooling setpoint is increased, respectively). When implementing all the suggested improvements, production costs can be decreased to 3.3 € per kg of biomass containing 60% TAG (w/w) within the next 8 years. With our techno-economic analysis, we indicated a roadmap for a substantial cost reduction. However, microalgal TAGs are not yet cost efficient when compared to their present market value. Cost-competiveness strictly relies on the valorization of the whole biomass components and on cheaper PBR designs (e.g. plastic film flat panels). In particular, further research should focus on the development and commercialization of PBRs where active cooling is avoided and stable operating temperatures are maintained by the water

  7. An example of strategic market game with infinitely many commodities

    OpenAIRE

    Tonin, Simone

    2013-01-01

    This short paper shows in an example of strategic market game that the CournotNash equilibrium converges to the Walras equilibrium, even in the case of an exchange economy with infinitely many commodities.

  8. 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

  9. Market structure and its interactions in beer commodity chain

    Directory of Open Access Journals (Sweden)

    Edita Veselská

    2005-01-01

    Full Text Available This paper aims to contribute to deeper knowledge of the economics of the beer commodity chain, focused on the formation of the market structure and its interactions with the price development within analysed commodity chain. The results of the economic analysis have proved, that czech brewery is high concentrated and that between concentration ratio and breweries’s margin exists a positive interdependence.

  10. 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

  11. A STUDY ON MARKET OPPORTUNITIES IN NATURAL GAS IN MULTI COMMODITY EXCHANGE

    National Research Council Canada - National Science Library

    S Saranya; K Kumutha Devi

    2016-01-01

      Commodity markets are where raw or primary products are exchanged. These raw commodities are traded on regulated commodities exchanges, in which they are bought and sold in standardized contracts...

  12. New types of non-trade related participation in commodity futures markets

    OpenAIRE

    Lamon Rutten

    2003-01-01

    This paper explores the growing involvement of new types of non- commodity-sector-related players in commodity futures markets. This includes a discussion on the role of managed funds, the impact of the use of commodity warrants, and the direct involvement of banks. The impact of this new form of "speculation" on the price formation process on commodity futures markets is then examined, and conclusions are drawn as to the use of these markets by commodity sector actors.

  13. 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.

  14. Segmentation of the industrial market for food commodities

    DEFF Research Database (Denmark)

    Bech-Larsen, Tino

    2001-01-01

    The purpose of the study presented in this article is to examine whether the cconcepts developed in the area of industrial buying behavior can add to the understanding of commodity markets. The industrial market for vegetable oil was chosen as the outset of the study, because it is characterized...... 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...

  15. 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

  16. Measuring Export Competitiveness of Yarn Commodities and Textile Industry of Central Java in World Market

    Directory of Open Access Journals (Sweden)

    Hertiana Ikasari

    2016-10-01

    Full Text Available Yarn commodities and textile industries are the main export commodities of Central Java. Nevertheless, there are still some problems to face. The purpose of this research is to analyze the market share and competitive advantages position of the yarn commodities and the textile industries of Central Java in the world market. The Acceleration Ratio (AR and Trade Specialization Index (TSI are used to analyze the export competitiveness of the yarn commodities and the textile industries. The results obtained indicates that AR of the export of yarn commodities and textile industries of Central Java is greater than 1 (AR> 1. TSI of yarn commodities and textile industries in Central Java is 0.45 and has positive value. These results indicates that Central Java has a strong market share and tends to be a regional exporter of yarn and textile commodities in the world market.

  17. Understanding the Market for Agro-Commodities in the West Bank ...

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

    analyze the major crops and agro-commodities produced and consumed in the West Bank to help identify opportunities for efficiency improvements in supply chains; - analyze the role of agri-food production and marketing stakeholders for specific commodity value chains; - analyze locally produced agro-commodities and ...

  18. The Effects of Commodities and Financial Markets on Crude Oil

    Directory of Open Access Journals (Sweden)

    Galyfianakis Georgios

    2017-01-01

    Full Text Available Investigating crude oil price volatility is crucial, because crude oil price certainly affects the economy through many channels. This study applies a Vector Auto Regression (VAR model to examine the impact of crude oil market on basic commodities, financial markets and industrial production. We find that the production in the US economy has an important effect on the crude oil prices. In addition we noticed a higher increase in crude oil price volatility after a large negative shock, contrary to a large positive one. Also, it was found that, in the short-run, oil price volatility is not influenced by short-run interest rates or industrial production. An adverse linkage between crude oil prices and industrial production has been proved confirming the economic theorists claiming that there is a close linkage between oil price shocks and economic activity. Finally, our findings indicate that there is Granger causality between crude oil and the endogenous variables used in the Granger causality framework.

  19. 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.

  20. 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

  1. 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.

  2. 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

  3. 17 CFR 33.6 - Suspension or revocation of designation as a contract market for the trading of commodity options.

    Science.gov (United States)

    2010-04-01

    ... designation as a contract market for the trading of commodity options. 33.6 Section 33.6 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION REGULATION OF DOMESTIC EXCHANGE-TRADED COMMODITY OPTION TRANSACTIONS § 33.6 Suspension or revocation of designation as a contract market for the trading...

  4. EU commodity market development: Medium-term agricultural outlook. Proceedings of the October 2017 workshop.

    OpenAIRE

    PEREZ DOMINGUEZ IGNACIO; FELLMANN THOMAS; CHATZOPOULOS THOMAS; PIERALLI SIMONE; JENSEN HANS; BARREIRO HURLE JESUS; MICALE FABIO

    2017-01-01

    The workshop on the 'EU commodity market development: Medium-term agricultural outlook' is an integral part of the intensive validation procedure of the results of the European Commission’s report on 'Prospects for EU agricultural markets and income'. It provides a forum for presentations on preliminary 10-year-ahead projections in EU agricultural commodity markets, and discussing in depth the EU prospects in a global context. This year the workshop was held on October 19-20 in Brussels. The ...

  5. 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.

  6. 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.

  7. 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.

  8. 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.

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

    Science.gov (United States)

    Shen, C.; Haven, E.

    2017-07-01

    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.

  10. Toward Improved Market Access for ASEAN Agricultural Commodities

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

    Sustainable development in the Association of Southeast Asian Nations (ASEAN) is highly dependent on the agricultural sector, and on exports to overseas markets. This trade in turn depends on compliance with strict plant health and safety standards established by the World Trade Organization (WTO). An important ...

  11. Savings, Commodity Market Rationing, and the Real Rate of Interest in China.

    NARCIS (Netherlands)

    van Wijnbergen, S.J.G.; Feltenstein, L.; Lebow, D.

    1990-01-01

    A paper that presents a theory to describe household saving behaviour in China. Outlines impact of commodity market rationing and real interest rate on savings; offers verification on the household savings behaviour relative to the use of official rate of inflation series; an attempt to disentangle

  12. 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.

  13. Understanding the Market for Agro-Commodities in the West Bank ...

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

    This baseline assessment of the food consumption-production process will encompass food production, food availability, and food marketing. The project also aims to: - develop a network of stakeholders involved in food policy in the West Bank; - analyze the major crops and agro-commodities produced and consumed in ...

  14. Farmers, traders and a commodity exchange: institutional change in Ethiopian sesame markets

    NARCIS (Netherlands)

    Meijerink, G.W.

    2014-01-01

    Farmers, traders and a commodity exchange - institutional change in Ethiopian sesame markets Gerdien W. Meijerink When one thinks of Ethiopia, sesame is not the first that comes to mind. Sesame, however, is Ethiopia’s second most important agricultural export, and an important income source

  15. Pairs Trading to the Commodities Futures Market Using Cointegration Method

    Directory of Open Access Journals (Sweden)

    Cüneyt Ungever

    2015-10-01

    Full Text Available This paper investigates pairs trading strategy by using the cointegration method among the 10 most popular agricultural future markets. It is found that only in 2 pairs shows trading signal. The pairs trading strategy is performed in two stages that are the formation period and the trading period with daily futures data from 2004 to 2015. After the formation period was constructed, it is assumed that the cointegration error continues to hold the trading period same as it does for the formation period. The pairs trading strategy is created by the long position cotton and the short position coffee and also long position cotton and short position the livecattle. It is found that the profitability of this strategy worked well in both formation period and trading period.

  16. Indian agricultural commodity derivatives market – In conversation with S Sivakumar, Divisional Chief Executive, Agri Business Division, ITC Ltd.

    Directory of Open Access Journals (Sweden)

    Prabina Rajib

    2015-06-01

    Full Text Available Though the agricultural sector contributes significantly to the Indian economy, it faces several bottlenecks, one of those being the antiquated laws governing agricultural marketing and price discovery, leading to low price realization by Indian farmers. In India, six national level exchanges offer commodity derivatives contracts on commodities, with some having electronic spot exchanges to facilitate spot trading of commodities. However, farmers' participation in these exchanges has been poor. ITC-ABD, one of the largest aggregators and exporters of Indian agri-commodities, has started using these exchange platforms to hedge price risk. With experience of over three decades in the agricultural sector, Mr. S. Sivakumar has a deep understanding of the commodity markets and the needs of Indian farmers. This interview aims to get an insight into his views on increasing farmers' participation in commodity derivatives trading and more importantly, to understand ITC-ABD's commodity hedging strategy.

  17. 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.

  18. Marketing patterns of agricultural commodities in an upland area of Central Java

    Directory of Open Access Journals (Sweden)

    Caroline M. van Ommeren

    2013-07-01

    Full Text Available In the uplands of Central Java a wide variety of dry cultivated crops are produced for subsistence as well as for cash. The marketing channels for these crops are also diverse. The producers can choose between selling at the market place or at their farms; either to consumers or traders; or they can sell their products to wholesalers in the towns. However, this freedom of choice is not absolute and is determined by the quantity of the merchandise. Farmers/who can sell large amounts of produce are able to bypass some steps in the hierarchical order of market places or traders. Thus, producers with relatively large farmlands can sell their commodities in more profitable ways compared to those with /smaller farms. Moreover, the latter are often forced to sell their produce below market value to traders who provided them with advance or who bought the crop before harvest (tebasan, because of their need for cash

  19. 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.

  20. 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

  1. International Commodity Markets, Local Food Prices and Environment in West Africa

    Science.gov (United States)

    Brown, M. E.; Hintermann, B.; Higgins, N.

    2008-12-01

    The recent massive increase in food and energy prices in the past five years, coupled with the awareness of the long term challenges of climate change to small holder agriculture in Africa has brought the issue of food security for the world's poorest people to the forefront once again. Asymmetric and limited integration of local commodity markets in West Africa highlights the weak position of Africa's rural countries in the face of climate change and demographic expansion. This paper will describe the functioning of local informal food markets in West African over the past twenty years and evaluate the impact of their limited integration with each other and with global commodity markets. Satellite remote sensing of vegetation has been used as a proxy for agricultural production in economic models to improve prediction of large swings in prices from year to year due to differences in supply. As demand increases, improvements in market functioning will be necessary to counter likely increases in production variability. Increasing Africa's stability in the face of climate change will require investment in agricultural production and transportation infrastructure in order to ensure an affordable flow of food to people in these extremely poor, landlocked countries.

  2. Land Market and Land Grabbing in Brazil during the Commodity Boom of the 2000s

    Directory of Open Access Journals (Sweden)

    Georges Flexor

    Full Text Available Abstract This article analyses the determining factors affecting the land market in Brazil in an international context where the availability of natural resources, essential to satisfy the population worldwide, is again heading the agenda. This scenario provoked a rapid expansion of agribusiness and enhanced international participation based on the relative abundance of natural resources. The first part of this article presents the spatial dynamics surrounding the production of commodities and gives evidence of the sharp increase in land price in Brazil. The second part attempts to understand the factors that affect price dynamics and subsequent effects over capital allocation in the sector, addressing the impact of the recent boom of commodities and rising interest by foreign actors in Brazilian land. The conclusion elaborates on the possible land pricing developments and political unfolding.

  3. 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.

  4. Agency Theory, Futures Markets and Risk Shifting in Commodity Marketing Channels

    NARCIS (Netherlands)

    Kuwornu, J.K.M.; Kuiper, W.E.; Pennings, J.M.E.; Meulenberg, M.T.G.

    2004-01-01

    This paper applies agency theory to access risk shifting between the principal (marketing firms) and the agent (farmers) in a food marketing channel. It compares the case in which there is a futures market available for the risk-averse agents with the case in which there is no futures trading. The

  5. Driving factors of interactions between the exchange rate market and the commodity market: A wavelet-based complex network perspective

    Science.gov (United States)

    Wen, Shaobo; An, Haizhong; Chen, Zhihua; Liu, Xueyong

    2017-08-01

    In traditional econometrics, a time series must be in a stationary sequence. However, it usually shows time-varying fluctuations, and it remains a challenge to execute a multiscale analysis of the data and discover the topological characteristics of conduction in different scales. Wavelet analysis and complex networks in physical statistics have special advantages in solving these problems. We select the exchange rate variable from the Chinese market and the commodity price index variable from the world market as the time series of our study. We explore the driving factors behind the behavior of the two markets and their topological characteristics in three steps. First, we use the Kalman filter to find the optimal estimation of the relationship between the two markets. Second, wavelet analysis is used to extract the scales of the relationship that are driven by different frequency wavelets. Meanwhile, we search for the actual economic variables corresponding to different frequency wavelets. Finally, a complex network is used to search for the transfer characteristics of the combination of states driven by different frequency wavelets. The results show that statistical physics have a unique advantage over traditional econometrics. The Chinese market has time-varying impacts on the world market: it has greater influence when the world economy is stable and less influence in times of turmoil. The process of forming the state combination is random. Transitions between state combinations have a clustering feature. Based on these characteristics, we can effectively reduce the information burden on investors and correctly respond to the government's policy mix.

  6. Market Efficiency and the Risks and Returns of Dynamic Trading Strategies with Commodity Futures

    Science.gov (United States)

    Switzer, Lorne N.; Jiang, Hui

    This paper investigates relationships between profits from dynamic trading strategies, risk premium, convenience yields, and net hedging pressures for commodity futures. As a market efficiency study, it crosses a number of disciplines, including traditional finance, behavioral finance, and behavioral psychology. The term structure of oil, gold, copper and soybeans futures markets contains predictive power for the corresponding term premium. However, only oil futures and soybean futures lead their spot premium. Significant momentum profits are identified in both outright futures and spread trading strategies when the spot premium and the term premium are used to form winner and loser portfolios. Profits from active strategies based on winner and loser portfolios are conditioned on market structure and net hedging pressure effects. Dynamic trading strategies based on contracts with extreme backwardation, extreme contango, and extreme hedging pressures are also tested. On average, spread trading outperforms outright futures trading in capturing the term structure risk and hedging pressure risk. For such strategies, long-short the long-term spread offers the greatest and most significant return and it offers the only exploitable trading profits built on the past hedging pressure. The existence of profits from active trading strategies based on winners is consistent with behavioral finance and behavioral psychology models in which market participants irrationally overreact to information and trends.

  7. Carbon-dioxide emissions trading and hierarchical structure in worldwide finance and commodities markets.

    Science.gov (United States)

    Zheng, Zeyu; Yamasaki, Kazuko; Tenenbaum, Joel N; Stanley, H Eugene

    2013-01-01

    In a highly interdependent economic world, the nature of relationships between financial entities is becoming an increasingly important area of study. Recently, many studies have shown the usefulness of minimal spanning trees (MST) in extracting interactions between financial entities. Here, we propose a modified MST network whose metric distance is defined in terms of cross-correlation coefficient absolute values, enabling the connections between anticorrelated entities to manifest properly. We investigate 69 daily time series, comprising three types of financial assets: 28 stock market indicators, 21 currency futures, and 20 commodity futures. We show that though the resulting MST network evolves over time, the financial assets of similar type tend to have connections which are stable over time. In addition, we find a characteristic time lag between the volatility time series of the stock market indicators and those of the EU CO(2) emission allowance (EUA) and crude oil futures (WTI). This time lag is given by the peak of the cross-correlation function of the volatility time series EUA (or WTI) with that of the stock market indicators, and is markedly different (>20 days) from 0, showing that the volatility of stock market indicators today can predict the volatility of EU emissions allowances and of crude oil in the near future.

  8. Kisah Sukses Inovasi Marketing from Commodity Becomes Solution (Studi Kasus Tentang PT Holcim Indonesia Tbk

    Directory of Open Access Journals (Sweden)

    Handy Martinus

    2012-10-01

    Full Text Available Cement is a strategic commodity. Indonesia as a developing country continues, cement becomes something absolute. Particularly, in the next few years, infrastructure development continues announced. To it, we need to anticipate the occurrence of scarcity (shortage of cement to meet the needs in the country in the next couple years. Fears of a shortage of cement in the country are quite groundless. Currently installed production capacity of the national cement industry around 47.5 million tons per year, spreads over nine locations in Indonesia. Meanwhile, the average utilization rate of production capacity cement plant reaches between 80% -85% or about 38-40 million per year. Meanwhile, the current level of cement consumption reached about 33 million tons (still a surplus of about 5-7 million tons. The problem is, if the shortage is met from imports, it could damage the domestic cement industry. Therefore, to meet the interests of industry and consumers, the best way is the expansion of the new plant. And to support the expansion of the factory in the country, clearly requires a major investment. Based on the assumptions above, Holcim as a newbie in the national cement market, which previously bought cement Cibinong also takes part in the national market. Now, Holcim is not half-hearted continuously expanding its new factory in Tuban to increase the strength of its two plants that are already running. A series of innovations in marketing activities are carried out, ie not just treating cement as a commodity but rather providing a range of service solutions to users via the outlet solution that provides aid earthquake resistant building design, material supply multi-brand, as well as a series of cooperation in the process of financing by establishing cooperation to the bank.  

  9. Spot market and electric power: a commodity as any other?; Mercado spot e energia eletrica: uma commodity como outra qualquer?

    Energy Technology Data Exchange (ETDEWEB)

    Krause, Gilson G. [PROMON Engenharia SA, Rio de Janeiro, RJ (Brazil)

    1995-12-31

    This paper summarizes the main characteristics of spot markets which are being either incremented or studied in many countries, based on the British case study. The main advantages are studied (with special emphasis to be short time optimization) as well as the inherent risks associated to the system. As a conclusion, it is recommended that, differently from the British experience, the implementation of a spot market be in parts. It is also pointed out some differences between developed and developing countries which raise the risk level for the developing countries in case of spot market implementation in these countries. 19 refs., 3 figs., 2 tabs.

  10. 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

  11. 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

  12. DETERMINANTS OF AGRICULTURAL COMMODITY MARKET SUPPLY: A CASE STUDY IN THE UPPER WATERSHED OF THE BLUE NILE, NORTHWESTERN ETHIOPIA

    Directory of Open Access Journals (Sweden)

    Amare Tesfaw

    2013-12-01

    Full Text Available This study was initiated to achieve the specific objectives as identification of factors that affect market participation decision of households and identification of factors that determine the volume of market supply of pepper. In order to acquire the relevant data, formal and informal methods of data collection were accomplished. To differentiate factors affecting the market participation and the amount of pepper sold, the Heckman Two-Stage econometric model was employed. The result revealed that market participation decision of households and amount of pepper sold were significantly affected by many of the variables hypothesized to have impact on the explained variable. In order to settle price fluctuations and to strengthen the bargaining power of producers, there should be product grading for market standardization. Furthermore, market competitiveness, structure and efficiency can be improved through facilitating pepper market strategies training as it helps producers and other interested bodies better involve in the commodity market

  13. A New Method for Setting Futures Portfolios’ Maintenance Margins: Evidence from Chinese Commodity Futures Markets

    Directory of Open Access Journals (Sweden)

    Chi Xie

    2014-01-01

    Full Text Available The Chinese commodity futures markets neglect the existence of the risk hedge and diversification between futures contracts, thus leading to overcharge futures portfolio holders’ maintenance margins. To this end, this paper proposes a new method, namely, the multivariate t-Copula-POT-PSRM method, which combines three models, that is, the multivariate t-Copula, the peaks over threshold (POT, and the power spectral risk measures (PSRM, to set futures portfolios’ maintenance margins. In the empirical analysis, we first construct four kinds of futures portfolios and set their maintenance margins by using the new method. Then, we introduce two evaluation indicators, namely, the prudence index (PI and the opportunity cost index (OCI, to assess the effectiveness of the proposed method. We also compare the outcomes of the two evaluation indicators of the new method with those of the widely used linear additive model. The empirical results show that the new method can, respectively, lower the OCI value of all four kinds of futures portfolios for the In-sample period and the Out-of-sample period without significantly reducing the PI value as against the traditional model, which implies that the proposed method can be used to balance security and investment efficiency in the futures market.

  14. 75 FR 16453 - Nasdaq OMX Commodities Clearing-Finance, LLC; Supplemental Notice That Initial Market-Based Rate...

    Science.gov (United States)

    2010-04-01

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Nasdaq OMX Commodities Clearing--Finance, LLC; Supplemental Notice That...--Finance, LLC's application for market- based rate authority, with an accompanying rate tariff, noting that...

  15. Commodity futures markets: are they an effective price risk management tool for the European wheat supply chain?

    Directory of Open Access Journals (Sweden)

    Cesar Revoredo-Giha

    2013-12-01

    Full Text Available The instability of commodity prices and the hypothesis that speculative behaviour was one of its causes has brought renewed interest in futures markets. The paper analyses the European wheat futures markets (feed and milling and the Chicago Board of Trade’s wheat contract as a comparison. Although the main purpose of the paper is to analyse whether futures markets are still useful for hedging (considering the demands from different market participants, implicitly this can be seen as testing whether the increasing presence of speculation has made futures markets divorced from physical markets. The results indicate that hedging with futures markets is still a viable alternative for dealing with price risk. This is particularly true in short period hedges (e.g. merchants and processors, where the basis seems to have been affected by the observed price instability.

  16. Homogeneity of the European Union from the Point of View of Labour Market

    OpenAIRE

    Marianna Siničáková

    2011-01-01

    The paper deals with the idea of the European Union labour market homogeneity from the perspective of employment, unemployment, earnings and gender pay gap. Due to integration procedures within Europe, important mutual trade, capital and labour force mobility; it can be expected that labour market phenomena are gradually transmitted from western European countries to new member states. The paper proves a certain rate of labour market mimicking within Europe. Tendencies in unemployment, employ...

  17. 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...

  18. 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.

  19. 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.

  20. 17 CFR 33.4 - Designation as a contract market for the trading of commodity options.

    Science.gov (United States)

    2010-04-01

    ... capable of being transferred, assigned or otherwise disposed of other than on or subject to the rules of...: (i) The commodity option for which it is requesting designation is likely to serve a legitimate... of trade adopts rules which: (1) Prescribe in regard to strike prices: (i) The dollar amount of the...

  1. 29 CFR 780.116 - Commodities included by reference to the Agricultural Marketing Act.

    Science.gov (United States)

    2010-07-01

    ... commodity’ includes, in addition to other agricultural commodities, crude gum (oleoresin) from a living tree, and the following products as processed by the original producers of the crude gum (oleoresin) from... spirits of turpentine made from gum (oleoresin) from a living tree” and “ ‘gum rosin’ means rosin...

  2. Commodity Policies and Product Differentiation: the California Milk Marketing Order and the Organic Dairy Sector

    OpenAIRE

    Balagtas, Joseph Valdes; Kreutzer, Kristina N.

    2007-01-01

    This paper evaluates the economic consequences of milk marketing orders for producers and consumers in organic and conventional milk markets. We develop a multi-market equilibrium displacement model that disaggregates the organic and conventional segments of the California milk market in order to evaluate the economic effects of alternative policies. We find that exemption of organics from marketing order regulation would make organic farmers better off at the expense of conventional farmers,...

  3. Nations as strategic players in global commodity markets. Evidence from world coal trade

    Energy Technology Data Exchange (ETDEWEB)

    Paulus, Moritz; Trueby, Johannes; Growitsch, Christian

    2011-06-15

    We explore the hypothesis that export policies and trade patterns of national players in the steam coal market are consistent with non-competitive market behavior. We test this hypothesis by developing an equilibrium model which is able to model coal producing nations as strategic players. We explicitly account for integrated seaborne trade and domestic markets. The global steam coal market is simulated under several imperfect market structure setups. We find that trade and prices of a China - Indonesia duopoly fit the real market outcome best and that real Chinese export quotas in 2008 were consistent with simulated exports under a Cournot-Nash strategy. (orig.)

  4. What can price volatility tell us about market efficiency? Conditional heteroscedasticity in historical commodity price series

    NARCIS (Netherlands)

    Földvári, P.; van Leeuwen, B.

    2011-01-01

    The development in the working of markets has been an important topic in economic history for decades. The volatility of market prices is often used as an indicator of market efficiency in the broadest sense. Yet, the way in which volatility is estimated often makes it difficult to compare price

  5. Linkages among U.S. Treasury Bond Yields, Commodity Futures and Stock Market Implied Volatility: New Nonparametric Evidence

    Directory of Open Access Journals (Sweden)

    Vychytilova Jana

    2015-09-01

    Full Text Available This paper aims to explore specific cross-asset market correlations over the past fifteen- yearperiod-from January 04, 1999 till April 01, 2015, and within four sub-phases covering both the crisis and the non-crisis periods. On the basis of multivariate statistical methods, we focus on investigating relations between selected well-known market indices- U.S. treasury bond yields- the 30-year treasury yield index (TYX and the 10-year treasury yield (TNX; commodity futures the TR/J CRB; and implied volatility of S&P 500 index- the VIX. We estimate relative logarithmic returns by using monthly close prices adjusted for dividends and splits and run normality and correlation analyses. This paper indicates that the TR/J CRB can be adequately modeled by a normal distribution, whereas the rest of benchmarks do not come from a normal distribution. This paper, inter alia, points out some evidence of a statistically significant negative relationship between bond yields and the VIX in the past fifteen years and a statistically significant negative linkage between the TR/J CRB and the VIX since 2009. In rather general terms, this paper thereafter supports the a priori idea- financial markets are interconnected. Such knowledge can be beneficial for building and testing accurate financial market models, and particularly for the understanding and recognizing market cycles.

  6. 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

  7. A fractionally cointegrated VAR analysis of price discovery in commodity futures markets

    DEFF Research Database (Denmark)

    Dolatabadi, Sepideh; Nielsen, Morten Ørregaard; Xu, Ke

    In this paper we apply the recently developed fractionally cointegrated vector autoregressive (FCVAR) model to analyze price discovery in the spot and futures markets for five non-ferrous metals (aluminium, copper, lead, nickel, and zinc). The FCVAR model allows for long memory (fractional...... to the results from the non-fractional model, we find slightly more evidence of price discovery in the spot market. Specifically, using standard likelihood ratio tests, we do not reject the hypothesis that price discovery takes place exclusively in the spot (futures) market for copper, lead, and zinc (aluminium...

  8. Evaluating cash benefits as real options for a commodity producer in an emerging market

    Directory of Open Access Journals (Sweden)

    Fernando Antonio Lucena Aiube

    2009-07-01

    Full Text Available The amount of cash a firm should maintain is an old problem tackled by finance literature. The recent advances in finance, mainly in the derivatives area, has opened the opportunity to revisit this subject. Cossin and Hricko (2004 studied the benefits of cash holdings using the Real Options approach. We follow their ideas extending the problem to a specific commodity producer firm in an emerging economy. We evaluate the benefits considering that raising capital takes time (timing benefit and also the benefit of avoiding the issue of securities at unfavorable moments (underpricing benefit. We use numerical procedures to solve the problem. Despite the fact that the results are not totally intuitive, we verify that the timing benefit is much more relevant than that of avoiding the underpricing benefit and that firms in emerging economies have greater advantage holding cash than those in developed economies. There is empirical evidence of this last result in the literature.

  9. Bootstrap Score Tests for Fractional Integration in Heteroskedastic ARFIMA Models, with an Application to Price Dynamics in Commodity Spot and Futures Markets

    DEFF Research Database (Denmark)

    Cavaliere, Giuseppe; Nielsen, Morten Ørregaard; Taylor, A.M. Robert

    Empirical evidence from time series methods which assume the usual I(0)/I(1) paradigm suggests that the efficient market hypothesis, stating that spot and futures prices of a commodity should cointegrate with a unit slope on futures prices, does not hold. However, these statistical methods...... fractionally integrated model we are able to find a body of evidence in support of the efficient market hypothesis for a number of commodities. Our new tests are wild bootstrap implementations of score-based tests for the order of integration of a fractionally integrated time series. These tests are designed...

  10. Price development evaluation of chosen plant commodities in agra­rian market in the Slovak Republic

    Directory of Open Access Journals (Sweden)

    Patrik Rovný

    2010-01-01

    Full Text Available The objective of the paper is to evaluate the price development of the chosen commodities in plant production in Slovakia and to focus on the factors influencing the increase or decrease in the price of commodities on the domestic and foreign markets. In 2008 the prices of the products in a year–on–year plant production increased by 1.6 %. The price of the plant products, including fruits and ve­ge­tab­les recorded the biggest increase since January 2008 until October 2008. The biggest increase in prices was recorded in June (increase of 52.7%. The high prices of oil plants and legume were one of the causes in a year–on–year price increase (oil plants increase by 23.3% and legume −15.7%. Price development on the domestic market of cereals and oil plants was influenced in the first three terms by growing stock–exchange value and the high demand from the side of foreign buyers connected with the increasing production of biofuels. On the other hand, in the last term of the year 2008, there can be seen the rapid decrease of the prices of cereals and oil plants because of the high production and the development of the world prices. The prices of fruits, evaluated in 2004–2008, recorded the biggest increase in January and February 2008 (in January 2008 – increase by 22.1% and February 2008 – increase by 23.2%. Prices of vegetables slightly grew in the monitored period. The biggest increase was recorded in December 2006 and in January and February 2007 (more than 15%.

  11. Marketing, Management and Performance: Multilingualism as Commodity in a Tourism Call Centre

    Science.gov (United States)

    Duchene, Alexandre

    2009-01-01

    This paper focuses on the ways an institution of the new economy--a tourism call centre in Switzerland--markets, manages and performs multilingual services. In particular, it explores the ways multilingualism operates as a strategic and managerial tool within tourism call centres and how the institutional regulation of language practices…

  12. COMPETITIVENESS OF METAL PRODUCTION OF RUP ‘BMZ» ON THE INTERNATIONAL COMMODITY MARKETS

    Directory of Open Access Journals (Sweden)

    M. V. Kuzmich

    2011-01-01

    Full Text Available It is shown that the received integral indices of competitiveness testify to the fact that production is on the high level of competitiveness on world markets of sales and is approximately on one position with the best goods-analogues.

  13. 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.

  14. The trading game : emissions trading schemes offer pollution as a market commodity

    Energy Technology Data Exchange (ETDEWEB)

    Bradbury, D.

    2005-07-01

    This paper discussed the market mechanisms for emissions trading. The concept emerged in signatory countries to the Kyoto Protocol in response to their commitment to reduce greenhouse gas (GHG) emissions. Emissions trading systems allow large polluters to buy and sell pollution credits in order to meet emission reduction targets. While member states in the European Union (EU) started trading in February 2005, Canada is still developing its own proposal that will be introduced in 2008 to correspond with the first phase of the Kyoto Protocol. In contrast to the European model that places absolute limits on GHG emissions, the Canadian system is intensity-based. Heavy polluters, known as large final emitters, will have to cut emissions of the 6 GHGs covered under the Kyoto Protocol as a percentage of their total industrial output. Companies that reduce their emissions more than their defined targets can trade the surplus as credits on the open domestic market. It was argued that this allows businesses to meet their own emissions targets while failing to contribute effectively to Canada's overall Kyoto target. In addition, in order to lessen the burden to industry, Canada has imposed a $15 cap on the price of credits, which is in contrast to the European system. It was argued that businesses in Europe will be more motivated to meet their targets because of the higher value on European pollution credits. With less onus on business in Canada to reduce absolute targets, the burden of reducing GHG emissions has shifted to federal taxpayers. The paper addressed some of the factors that led to Canada's decision to use an intensity-based system. One main factor was the refusal of the United States to ratify the Kyoto Protocol and the cost disadvantage this would create for Canadian firms. However, some argue that by paying more attention to energy use, companies can reduce emissions and increase shareholder value by achieving cost savings that are greater than the

  15. 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 ...

  16. The Influence of Commodity Programs on Acreage Response to Market Price: With an Illustration Concerning Rice Policy in the United States

    OpenAIRE

    Jeffrey D. McDonald; Daniel A. Sumner

    2003-01-01

    Farm programs influence the parameters of typically estimated supply functions. We develop and apply an approach that uses detailed information about farm program incentives and constraints to identify underlying structural acreage response parameters when the data reflect behavior under complex government commodity programs. We illustrate the approach with data on rice acreage response to market price in the United States. For U.S. rice, estimates that fail to appropriately incorporate the p...

  17. Improved (ERTS) information and its impact on U.S. markets for agricultural commodities: A quantitiative economic investigation of production, distribution and net export effects

    Science.gov (United States)

    1974-01-01

    An econometric investigation into the markets for agricultural commodities is summarized. An overview of the effort including the objectives, scope, and architecture of the analysis and the estimation strategy employed is presented. The major empirical results and policy conclusions are set forth. These results and conclusions focus on the economic importance of improved crop forecasts, U.S. exports, and government policy operations. A number of promising avenues of further investigation are suggested.

  18. 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.

  19. Commodities, Prices and Risk: the changing market for non-slave products in pre-abolition in West Africa

    NARCIS (Netherlands)

    Dalrymple-Smith, A.E.; Woltjer, P.J.

    2016-01-01

    Using a newly constructed dataset on the quantities and prices of African commodities over the long 18th century this paper provides new insights into the changing nature of the non-slave trade with West Africa in the era before the abolition of the British transatlantic slave trade. We find that

  20. CHAOS IN ECONOMY (COMMODITIES

    Directory of Open Access Journals (Sweden)

    A. Bonatto

    2015-06-01

    Full Text Available Chaos is based on nonlinear phenomena occurring everywhere, but it brings stability and its own structure. Many are the linear realities, but there are phenomena to which mathematical systems do not describe acceptably. Charting these relationships is challenging to obtain a representative model of reality. In the chaos, a small disturbance will amplify, and initially close trajectories diverge. The instability leads to new aspects. This helps in the process of modeling for the study of simulations that are applied in the financial and economic fields, showing that the market continues to disorder in an organized manner. Research in the last 25 years focus on the risk and volatility of the behavior of commodity prices. The analysis and forecast of price behavior in commodity markets are relevant both for producers, cooperatives and industries and for global financial markets. These applications aim to enable projections of future commodity prices, improving decision-making in the future. In modeling commodity time series we must take into account several factors such as seasonality in prices due to fluctuations in supply and demand during periods of crop and season. The analysis of the behavior of prices of an asset is important for predicting future revenue, past behavior analysis of a series of prices and study of the historical price of a product. That's one reason the applicability of chaos theory: the ability to identify and explain fluctuations in the markets that appear to be random, but actually are not.

  1. Art, production and market conditions: Gottfried Semper’s historical perspective on commodities and the role of museums

    Directory of Open Access Journals (Sweden)

    Claudio Leoni

    2015-01-01

    Full Text Available This paper looks at Gottfried Semper’s notions on the commodity and capitalism. When Semper attended the Great Exhibition, he realized the enormous impact that capitalist industries and interests have had on the arts. The Crystal Palace has always been at the centre of Semper scholarship but the focus has been less on capitalism than on the arts and crafts although Semper’s comments on capitalism are apparent and illustrate that he understood that everything becomes a commodity, even architecture. As a theorist trying to principles of by which art is driven, he analyzes industries and their mass produced objects and tries to come to terms with this. At the same time, he tries to integrate capitalism into his historical and scientific models. This paper tries to unravel Semper’s ideas on capitalism and the way he tries to resolve its problems in artistic production.

  2. EFICIÊNCIA DOS MERCADOS FUTUROS DE COMMODITIES AGRÍCOLAS APLICANDO-SE O TESTE DE COINTEGRAÇÃO./ EFFICIENCY OF THE AGRICULTURAL COMMODITY FUTURES MARKET BY APPLYING THE COINTEGRATION TEST.

    Directory of Open Access Journals (Sweden)

    Jorge Harry Harzer

    2012-08-01

    Full Text Available Este artigo tem o objetivo de testar a forma fraca de eficiência do mercado futuro brasileiro dacommoditie agrícola café arábica, usando a técnica de cointegração a fim de verificar se os preços futuroscorrentes são estimadores não viesados dos preços à vista esperados para o futuro. Para isso, utiliza asséries históricas de janeiro de 2005 a maio de 2011 dos preços futuros, que foram coletados na Bolsa deMercadorias e Futuros – BM&F, e os preços à vista calculados pelo CEPEA/ESALQ/USP. As métricas utilizadassão os testes ADF de Dickey e Fuller para detectar a presença de raiz unitária e o teste de cointegraçãode Johansen para verificar a existência de um relacionamento de longo prazo. Os resultados indicaram anão estacionariedade das séries de preços e a presença de cointegração. Porém, o teste dos parâmetrosα = 0 e β = 1 da regressão que comprovam a eficiência fraca e não viés encontraram indícios estatísticosde não eficiência de mercado, bem como da presença de um viés indicando a existência de um prêmioassociado ao risco./ This article aims at testing the weak form of efficiency of the commodity futures market in Arabicacoffee farming using the cointegration technique in order to check if the current futures prices arebiased estimators of spot prices expected for the future. Thereto it uses the futures prices time seriesfrom January 2005 to May 2011, which were collected in the Commodities and Futures Exchange - BM &F and spot prices, calculated by CEPEA / ESALQ / USP. Dickey and Fuller’s ADF tests are the metrics usedto detect the presence of unit root and Johansen’s cointegration test is used to verify the existence ofa long term relationship. The results indicated the non-stationarity of price series besides the presenceof cointegration. However, regression parameters testing α = 0 e β = 1 proves that weak efficiency andnon-biased found statistical evidence of non-market efficiency

  3. From commodity to customer value : the transition from a production-oriented to a market-oriented European dairy industry

    NARCIS (Netherlands)

    Everwand, W.C.; Ingenbleek, P.T.M.; Backus, G.B.C.

    2007-01-01

    The European food industry has been regulated for a long time. Since the 1960s, the European market has been protected from imports by relatively high taxes. Companies in Europe therefore never had to fear real competition from outside the Union in their domestic markets. This changed, when, due to

  4. Do Agricultural Commodity Firm Stock Price and Agricultural Commodity Price Move Together?

    Directory of Open Access Journals (Sweden)

    Francis Declerck

    2014-10-01

    Full Text Available The research aims at explaining stock performance of processing companies as a function of commodity performance on commodity markets. The results show that stock prices of food companies do not significantly depend on agricultural market prices. So, risks of agricultural market price volatility cannot be hedged using foodfirm stocks, whose markets are more liquid.

  5. Role of Indian Commodity Derivatives Market in Hedging Price Risk: Estimation of Constant and Dynamic Hedge Ratio, and Hedging Effectiveness

    Directory of Open Access Journals (Sweden)

    Brajesh Kumar

    2014-08-01

    Full Text Available This  paper  examines  hedging  effectiveness  of  four  agricultural  (soybean,  corn,  castor seed and guar seed and seven non-agricultural (gold, silver, aluminium, copper, zinc, crude oil  and,  natural  gas  futures  contracts  traded  in  India,  using  VECM  and  CCC-MGARCH model to estimate constant hedge ratio and dynamic hedge ratios, respectively. We ind that agricultural  futures  contracts  provide  higher  hedging  effectiveness  (30-70%  as  compared to  non-agricultural  futures  (20%.  In  the  more  recent  period,  the  hedging  effectiveness  of Indian futures markets has increased. When hedging effectiveness of non-agricultural Indian futures  contracts  with  the  world  spot  markets  (NYMEX  and  LME  is  analyzed,  hedging effectiveness  increases  dramatically  which  indicates  the  fact  that  Indian  futures  contracts are more effective for hedging exposures to global prices. Other reasons of lower hedging effectiveness  of  Indian  futures  contracts  may  be  low  awareness  of  futures  markets  among participants,  high  transaction  costs  in  the  futures  markets,  policy  restrictions,  inadequate contract design, or high transaction costs in the spot market. These are, of course, expected birth pays for a nascent futures markets in an emerging economy. ";} // -->activate javascript

  6. Bio-energy utilizes surplusses at the agricultural commodity markets. Large potentials of the biomass; Bioenergie verwertet Ueberschuesse an den Agrarmaerkten. Grosse Potenziale der Biomasse

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-03-19

    At the beginning of spring in the northern hemisphere, the situation in agricultural markets relaxes visibly. After the year 2012 was characterized by periods of drought in the United States and some Eastern European countries, in recent months good harvests in major producing countries in the southern hemisphere have provided that the stocks of major agricultural commodities are grown again. Thus, enough resources are still available for the supply of food and energy. There still exists land potential in Europe and on other continents for the use of bio-energy. In addition to new power plant crops, known arable crop cultures contribute to the exploration of such a potential: An example of this is the sugar beet. The view on the global supply balance in agricultural goods inter alia the major staple food rice shows that there exist large surpluses on the food markets. However, these surpluses do not benefit the hungry persons in the world. Hunger is a problem of distribution which is not associated with the growth of bio-energy.

  7. 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...

  8. Factor Structure in Commodity Futures Return and Volatility

    DEFF Research Database (Denmark)

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

    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...

  9. The Effect of Geopolitics on Commodity Prices

    OpenAIRE

    McGrouther, Robert

    2016-01-01

    The thesis examines the effects of geopolitical events on global crude oil, wheat and aluminum prices. Geopolitical events have the potential to disrupt the production and supply of commodities to markets, affecting prices. Path analysis models that mirror crude oil, wheat and aluminum markets are constructed using theories specific to each commodity to measure how substantial the impacts of different variables are upon prices. Vector error correction models are then employed to test if indiv...

  10. Especulação no Mercado Futuro de Commodities Agrícolas e o Papel da Regulação Governamental e da Autorregulação da BM&FBOVESPA/Speculation in the agricultural commodities futures market and the role played by government regulation and BM&FBOVESPA self-reg

    Directory of Open Access Journals (Sweden)

    Felipe Morelli da Silva

    2015-04-01

    Full Text Available Purpose – This study tackles the relationship between the agricultural commodities price increase and the financial speculation in the commodities exchange (BM&FBOVESPA, and the role of government regulation and self-regulation on that arena. Methodology/approach/design – At first, it seeks to portray the problem and establish a possible relationship of cause and effect between speculation and price increases. In a second moment, it analyzes the government regulation and the implications in having the same regulatory body - BM&FBOVESPA - responsible for creating rules and simultaneously participates in the market. Findings – As a result, this study affirms the complementarity between the two forms of regulation, the persistent confusion between them and the need for rather addressing the nature of the rules than its source organization. Practical implications – With this, I hope to contribute with new areas of discussion about commodity futures trading regulation, emphasizing deeper institutional analysis, as well as the importance of quality of established rules and the complementarity between different forms of regulation.

  11. 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.

  12. A handbook of primary commodities in the global economy

    National Research Council Canada - National Science Library

    Radetzki, Marian

    2008-01-01

    ... of economics, Marian Radetzki introduces and explains pertinent issues surrounding international commodity markets such as the global geography of raw materials, price formation, price trends, the role of commodity exchanges, the threat of depletion, cartel action, state ownership and the new commodity nationalism. marian radetzki is Professor of Economics at ...

  13. Botswana's Beef Global Commodity Chain: Explaining the Resistance to Change

    Science.gov (United States)

    Ransom, Elizabeth

    2011-01-01

    In an era of increasing global agricultural trade, many firms and farms seek to upgrade their agricultural commodity chains to become better integrated into global markets. Utilizing a global commodity chain (GCC) approach, this analysis unravels the challenges to and the potential consequences of upgrading Botswana's beef commodity chain.…

  14. Time-varying dependency in European energy markets: an analysis of Nord Pool, European Energy Exchange and Intercontinental Exchange energy commodities

    OpenAIRE

    Veka, Steinar; Lien, Gudbrand; Westgaard, Sjur; Higgs, Helen

    2012-01-01

    In this paper we investigate the extent to which the price of Nordic electricity derivatives correlates with European Energy Exchange (EEX) and Intercontinental Exchange (ICE) electricity contracts. We also include their price correlation with ICE gas, Brent crude oil, coal and carbon emission contracts. Using multivariate generalized autoregressive conditional heteroskedasticity models, we find significant time-varying relationships between all of the energy commodities included in the analy...

  15. 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: (1) The loan rate and charges, plus interest applicable to the loan; (2) The prevailing world market... determined by CCC. (c) Commodity certificate exchanges may not be used when locking in a repayment rate under...

  16. 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.

  17. 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.

  18. 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...... to identify segments with preferences for the qualities of Danish rape seed oil. The background for the study presented in this paper is the research project Rape seed oil for human consumption, which has its offspring in the nutritional qualities of Danish rape seed oil and the technological possibilities...

  19. 78 FR 32227 - Perishable Agricultural Commodities Act; Request for Extension and Revision of a Currently...

    Science.gov (United States)

    2013-05-29

    ... Agricultural Marketing Service Perishable Agricultural Commodities Act; Request for Extension and Revision of a Currently Approved Information Collection AGENCY: Agricultural Marketing Service, USDA. ACTION: Notice and... 35), this document announces the Agricultural Marketing Service's (AMS) intention to request approval...

  20. 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...

  1. 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.

  2. 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.

  3. Mineral commodity profiles: Silver

    Science.gov (United States)

    Butterman, W.C.; Hilliard, Henry E.

    2005-01-01

    United States, about 30 companies accounted for more than 90 percent of the silver fabricated. The consumption of silver for all fabrication uses is expected to grow slowly through the decade ending in 2010 at about 1.3 percent per year for the world and 2.4 percent per year for the United States. World and U.S. reserves and reserve bases are more than adequate to satisfy the demand for newly mined silver through 2010. The other components of supply will be silver recovered from scrap, silver from industrial stocks, and silver bullion that is sold into the market from commodity exchange and private stocks.

  4. 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

  5. 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...

  6. Community as Commodity

    OpenAIRE

    Erika Pearson

    2009-01-01

    Social Networking Sites (SNS) have become a key component of users' experience of Web 2.0. Whilst much has been made of the social dynamics of online SNS, the influence of the structures and operations of these sites on users is rarely accounted for. This chapter argues that behind the social behaviours supported by SNS, there is a growing shift towards viewing online communities as commodities, and SNS as an extension of mainstream capitalist ideologies fostered by existing patterns of com...

  7. Scientific Research: Commodities or Commons?

    Science.gov (United States)

    Vermeir, Koen

    2013-10-01

    Truth is for sale today, some critics claim. The increased commodification of science corrupts it, scientific fraud is rampant and the age-old trust in science is shattered. This cynical view, although gaining in prominence, does not explain very well the surprising motivation and integrity that is still central to the scientific life. Although scientific knowledge becomes more and more treated as a commodity or as a product that is for sale, a central part of academic scientific practice is still organized according to different principles. In this paper, I critically analyze alternative models for understanding the organization of knowledge, such as the idea of the scientific commons and the gift economy of science. After weighing the diverse positive and negative aspects of free market economies of science and gift economies of science, a commons structured as a gift economy seems best suited to preserve and take advantage of the specific character of scientific knowledge. Furthermore, commons and gift economies promote the rich social texture that is important for supporting central norms of science. Some of these basic norms might break down if the gift character of science is lost. To conclude, I consider the possibility and desirability of hybrid economies of academic science, which combine aspects of gift economies and free market economies. The aim of this paper is to gain a better understanding of these deeper structural challenges faced by science policy. Such theoretical reflections should eventually assist us in formulating new policy guidelines.

  8. 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.

  9. 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.

  10. 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…

  11. 75 FR 32306 - Perishable Agricultural Commodities Act: Impact of Post-Default Agreements on Trust Protection...

    Science.gov (United States)

    2010-06-08

    ... often fast-paced and short-term fluctuations in market price due to weather, pests, transportation, and... of the commodities and distance from selling markets, produce trading is fast moving and often... food or other products derived from such commodities, and any receivables or proceeds from the sale of...

  12. 78 FR 67331 - Notice of Request for Extension of a Currently Approved Assessment Exemption for Organic Commodities

    Science.gov (United States)

    2013-11-12

    ... an extension for the forms currently used by marketers to apply for exemption from market promotion... marketing research, including paid advertising, to promote various commodities, which is paid for by...

  13. 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).

  14. Reflector homogenization

    Energy Technology Data Exchange (ETDEWEB)

    Sanchez, R.; Ragusa, J.; Santandrea, S. [Commissariat a l' Energie Atomique, Direction de l' Energie Nucleaire, Service d' Etudes de Reacteurs et de Modelisation Avancee, CEA de Saclay, DM2S/SERMA 91 191 Gif-sur-Yvette cedex (France)]. e-mail: richard.sanchez@cea.fr

    2004-07-01

    The problem of the determination of a homogeneous reflector that preserves a set of prescribed albedo is considered. Duality is used for a direct estimation of the derivatives needed in the iterative calculation of the optimal homogeneous cross sections. The calculation is based on the preservation of collapsed multigroup albedo obtained from detailed reference calculations and depends on the low-order operator used for core calculations. In this work we analyze diffusion and transport as low-order operators and argue that the P{sub 0} transfers are the best choice for the unknown cross sections to be adjusted. Numerical results illustrate the new approach for SP{sub N} core calculations. (Author)

  15. 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.

  16. 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.

  17. Forecasting Energy Commodity Prices Using Neural Networks

    Directory of Open Access Journals (Sweden)

    Massimo Panella

    2012-01-01

    Full Text Available A new machine learning approach for price modeling is proposed. The use of neural networks as an advanced signal processing tool may be successfully used to model and forecast energy commodity prices, such as crude oil, coal, natural gas, and electricity prices. Energy commodities have shown explosive growth in the last decade. They have become a new asset class used also for investment purposes. This creates a huge demand for better modeling as what occurred in the stock markets in the 1970s. Their price behavior presents unique features causing complex dynamics whose prediction is regarded as a challenging task. The use of a Mixture of Gaussian neural network may provide significant improvements with respect to other well-known models. We propose a computationally efficient learning of this neural network using the maximum likelihood estimation approach to calibrate the parameters. The optimal model is identified using a hierarchical constructive procedure that progressively increases the model complexity. Extensive computer simulations validate the proposed approach and provide an accurate description of commodities prices dynamics.

  18. [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.

  19. Marketing.

    Science.gov (United States)

    Chambers, David W

    2010-01-01

    There is not enough marketing of dentistry; but there certainly is too much selling of poor quality service that is being passed off as dentistry. The marketing concept makes the patient and the patients' needs the ultimate criteria of marketing efforts. Myths and good practices for effective marketing that will promote oral health are described under the traditional four "Ps" categories of "product" (best dental care), "place" (availability), "promotion" (advertising and other forms of making patients aware of available services and how to use them), and "price" (the total cost to patients of receiving care).

  20. 75 FR 56997 - Petition of the National Futures Association, Pursuant to Rule 13.2, to the U.S. Commodity...

    Science.gov (United States)

    2010-09-17

    ... requirement, the limitation on aggregate initial margin, and the prohibition on marketing.\\3\\ In proposing... the qualifying entity's portfolio, and (3) will not be marketed to the public as a commodity pool or... of Sec. 1.3(z)(1) * * * (ii) Will not enter into commodity futures and commodity options contracts...

  1. Commodity team motivation and performance

    DEFF Research Database (Denmark)

    Englyst, Linda; Jørgensen, Frances; Johansen, John

    2007-01-01

    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 consistent...... with a commodity team's objective of creating 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 behaviors, goal setting, and the career goals of the commodity team members...

  2. Marketing.

    Science.gov (United States)

    Appel, David L.

    This booklet suggests ways in which institutions--Catholic schools in particular--can move beyond public relations and advertising to engage in the broader arena of marketing with its focus on consumer satisfaction. The first of the book's three chapters reviews the concept of marketing, providing definitions of key terms, clarification of…

  3. 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

  4. Ecstasy: commodity or disease?

    Science.gov (United States)

    Agar, Michael; Reisinger, Heather Schacht

    2004-06-01

    This article evaluates past work on heroin and crack cocaine epidemics by comparing it with the increase in Ecstasy use in the late 1990s. First of all, the authors make the case that there was, in fact, a dramatic increase in Ecstasy use in the late 1990s. Following that is a review of the rise and fall of several different Ecstasy scenes beginning in the 1960s. The most recent rise, in the late 1990s, requires a broadening of the theory of epidemics to include longer historical waves of change, so we do that by reviewing work on post World War II trends in social disconnection and consumerism. We then shift to a marketing rather than a public health framework and look at the nature of the Ecstasy "product," both its good and bad characteristics. Finally, we describe the narrative mechanism, developed in our earlier work, that plausibly explains why use rose when it did, given the needs of the market. The article concludes by discussing the changes this case motivates for our theory, particularly in light of globalized and normalized drug use that at the moment appears to be the current context for illicit drug use.

  5. 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.

  6. 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...

  7. 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.

  8. 76 FR 6095 - Commodity Options and Agricultural Swaps

    Science.gov (United States)

    2011-02-03

    ..., ``agricultural commodity'' (See: 75 FR 65586, Oct. 26, 2010, and plans to publish a final definition in the near... Dairy Farmers of America (``DFA''); the National Council of Farmer Cooperatives (``NCFC''); the Gavilon... cooperatives that enter into swaps with their own members or third parties in the course of marketing their...

  9. 75 FR 67258 - Position Reports for Physical Commodity Swaps

    Science.gov (United States)

    2010-11-02

    ..., competitiveness, and financial integrity of futures markets; (3) price discovery; (4) sound risk management... linked to the price of one or more 20.2 listed futures contract. Second, paired swaps are defined as swaps that are based on the price of the same commodity for delivery at the same location(s) as that of...

  10. 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

  11. 75 FR 54794 - Commodity Pool Operators: Relief From Compliance With Certain Disclosure, Reporting and...

    Science.gov (United States)

    2010-09-09

    ... of market participants and the public; efficiency, competitiveness, and financial integrity of... national securities exchanges of units of participation in commodity pools. 3. Financial Integrity of... costs or creating benefits, on the financial integrity or price discovery function of the commodity...

  12. Markets

    Science.gov (United States)

    David N. Wear; Jeffrey Prestemon; Robert Huggett; Douglas Carter

    2013-01-01

    Key FindingsAlthough timber production in the South more than doubled from the 1960s to the late 1990s, output levels have declined over the last 10 years, signaling structural changes in timber markets.For softwood products, production declines are most clearly related to demand issues. Demand for softwood solid wood products...

  13. [Comparison on the quality of scolopendra commodities from different gathering periods].

    Science.gov (United States)

    Wang, K; Li, X; Fang, H; Chen, H; Deng, F; Shen, S; Wang, D

    1998-02-01

    Through physo-chemical analysis and pharmacological study to Scolopendra commodites, it showed that the quality of the commodities from autumn was better but gather, dry and store difficultly. According to market, gathering at Spring is available.

  14. 78 FR 46823 - Kiwifruit Grown in California; Proposed Amendments to Marketing Order 920 and Referendum Order

    Science.gov (United States)

    2013-08-02

    ... marketing research and development because he believes each marketer should conduct their own market... paid advertising for certain commodities; however, paid advertising is not authorized for kiwifruit. (7...

  15. 78 FR 52426 - Retail Commodity Transactions Under Commodity Exchange Act

    Science.gov (United States)

    2013-08-23

    ... (``Interpretation'') regarding the meaning of the term ``actual delivery,'' as set forth in the Commodity Exchange... Interpretation in making its determination of whether actual delivery has occurred within the meaning of new CEA... transaction results in actual delivery within the meaning of the statute. This interpretation does not address...

  16. 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...

  17. 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...

  18. Applications of GARCH models to energy commodities

    Science.gov (United States)

    Humphreys, H. Brett

    This thesis uses GARCH methods to examine different aspects of the energy markets. The first part of the thesis examines seasonality in the variance. This study modifies the standard univariate GARCH models to test for seasonal components in both the constant and the persistence in natural gas, heating oil and soybeans. These commodities exhibit seasonal price movements and, therefore, may exhibit seasonal variances. In addition, the heating oil model is tested for a structural change in variance during the Gulf War. The results indicate the presence of an annual seasonal component in the persistence for all commodities. Out-of-sample volatility forecasting for natural gas outperforms standard forecasts. The second part of this thesis uses a multivariate GARCH model to examine volatility spillovers within the crude oil forward curve and between the London and New York crude oil futures markets. Using these results the effect of spillovers on dynamic hedging is examined. In addition, this research examines cointegration within the oil markets using investable returns rather than fixed prices. The results indicate the presence of strong volatility spillovers between both markets, weak spillovers from the front of the forward curve to the rest of the curve, and cointegration between the long term oil price on the two markets. The spillover dynamic hedge models lead to a marginal benefit in terms of variance reduction, but a substantial decrease in the variability of the dynamic hedge; thereby decreasing the transactions costs associated with the hedge. The final portion of the thesis uses portfolio theory to demonstrate how the energy mix consumed in the United States could be chosen given a national goal to reduce the risks to the domestic macroeconomy of unanticipated energy price shocks. An efficient portfolio frontier of U.S. energy consumption is constructed using a covariance matrix estimated with GARCH models. The results indicate that while the electric

  19. 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.

  20. 77 FR 25319 - Commodity Options

    Science.gov (United States)

    2012-04-27

    ... the ability of the NFP Electric End Users to engage in energy and energy-related commodity options, or conditions the use of such trade options on the NFP Electric End Users qualifying as eligible contract participants, it will have a significant and detrimental effect on the NFP Electric End Users' ability to hedge...

  1. 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

  2. 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

  3. 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...... limit the number of parameters to calibrate. We introduce a new, maturity-wise calibration method compatible with this modeling methodology. Fourth, we use actual data on inventories rather than a proxy. Fifth, our model is very exible and allows for testing several dierent types of relationships...

  4. Market integration in the crustaceans market

    DEFF Research Database (Denmark)

    Ankamah-Yeboah, Isaac; Bronnmann, Julia

    2018-01-01

    In this paper the price dynamics and the degree of market integration in the German crustaceans market is examined using cointegration methods. The study focuses on wild caught cold water shrimp, farmed warm water shrimp as well as lobster and derives implications for the fisheries sector....... In the analysis, both the import market and the retail market price reactions are distinguished. Therefore, it is evaluated how price changes affect competing commodities within and between the value chain of a given crustaceans commodity. Evidence of partial market integration is found for all species under...... study at the import level while at the retail level; there is weak evidence of perfect market integration. At the import-retail level linkages, shrimp markets are partially integrated, while the lobster market is fully integrated. Consequently, it can be concluded that the species under consideration...

  5. Non-Market Valuation

    Science.gov (United States)

    Thomas P. Holmes

    2003-01-01

    In addition to commodities such as timber, forest ecosystems provide an array of goods and services that are not priced in markets but maintain, to a large degree, the characteristics of public goods (non-rivalry and non-excludability). Markets do not recognize scarcity of non-market resources and cannot be relied upon to allocate these resources to their highest and...

  6. The Character as Capital of Commodities

    OpenAIRE

    田中, 英明

    2010-01-01

    The exchange of commodities begins on the boundaries of communities.From this perspective, this article views Marx’s theory of the formsof circulation, especially his concept of commodities. In order to considerpurely the form of commodities and the value of commodities, weneed to presuppose the relation of reciprocally independent owners ofcommodities that are divorced from the process of production, like tradingnations, who exist in the interstices between communities.Private owners divorce...

  7. THEORETICAL ASPECT OF INTERNATIONAL COMMODITY & LOGISTIC FLOW MANAGEMENT

    OpenAIRE

    Ishkhanov A. V.; Georgieva A. V.

    2015-01-01

    The reasons for the transformation of logistics systems of international trading companies are becoming the processes of integration of national economies into the world economy now, which contribute to the expansion of trading companies at the expense of the foreign markets development. In this regard, especially updated become theoretical developments in the field of commodity flows on an international caliber. The article analyzes the interpretations of scholars of various economic scienti...

  8. 7 CFR 1421.5 - Eligible commodities.

    Science.gov (United States)

    2010-01-01

    ...)(1) To be an eligible commodity, the commodity must be merchantable for food, feed, or other uses... factor, milling yields, and other quality factors and will be based upon the U.S. Standards for Rice as... commodity from which the county committee may determine whether the eligible production claimed by the...

  9. On-line trading with commodities

    OpenAIRE

    Ripelová, Lucie

    2009-01-01

    This Diploma thesis focuses on a set of commodities dealt on world-wide trades. It mainly discuss the business environment of commodities with physical delivery, not so much the speculative deals. The goal of the Diploma thesis is to select a set of appropriate commodities for Internet (web-based) business. The first part contains the overview of the actual level of knowledge in the area of Internet-based business with commodities. The second one focuses on the analysis of the commodity excha...

  10. 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

  11. 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.

  12. 77 FR 71773 - Mandatory Country of Origin Labeling of Covered Commodities: Notice of Request for Revision of a...

    Science.gov (United States)

    2012-12-04

    ... Agricultural Marketing Service Mandatory Country of Origin Labeling of Covered Commodities: Notice of Request... the currently approved information collection of the Mandatory Country of Origin Labeling (COOL) of... . SUPPLEMENTARY INFORMATION: Title: Mandatory Country of Origin Labeling of Covered Commodities. OMB Number: 0581...

  13. 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.

  14. From Commodity Production to Sign Production: A Triple Triangle Model for Marx's Semiotics and Peirce's Economics.

    Science.gov (United States)

    Kim, Joohoan

    Using the viewpoint of semiotics, this paper "re-reads" Karl Marx's labor theory of value and suggests a "triple triangle" model for commodity production and shows how this model could be a model for semiosis in general. The paper argues that there are three advantages to considering homogeneity of the sign production and the…

  15. 7 CFR 29.9404 - Marketing area opening dates and marketing schedules.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 2 2010-01-01 2010-01-01 false Marketing area opening dates and marketing schedules... MARKETING SERVICE (Standards, Inspections, Marketing Practices), DEPARTMENT OF AGRICULTURE COMMODITY....9404 Marketing area opening dates and marketing schedules. (a) The Flue-Cured Tobacco Advisory...

  16. Commodity Trading and Illicit Financial Flows

    OpenAIRE

    Carbonnier, Gilles; Zweynert de Cadena, Anne

    2015-01-01

    Commodity trading has come under increasing scrutiny as a conduit for illicit financial flows out of resource-rich developing countries, through trade mispricing and abusive transfer pricing. Assessing whether, and to what extent, commodity trading is subject to trade mispricing is of the essence to measure this phenomenon and evaluate the impact of corrective policies. This paper focuses on the world’s largest commodity trading hub, Switzerland. We will examine existing methodological approa...

  17. Lattice QCD with commodity hardware and software

    Energy Technology Data Exchange (ETDEWEB)

    Holmgren, D.J. [and others

    2000-01-25

    Large scale QCD Monte Carlo calculations have typically been performed on either commercial supercomputers or specially built massively parallel computers such as Fermilab's ACPMAPS. Commodity computer systems offer impressive floating point performance-to-cost ratios which exceed those of commercial supercomputers. As high performance networking components approach commodity pricing, it becomes reasonable to assemble a massively parallel supercomputer from commodity parts. The authors describe the work and progress to date of a collaboration working on this problem.

  18. 7 CFR 65.135 - Covered commodity.

    Science.gov (United States)

    2010-01-01

    ... OF BEEF, PORK, LAMB, CHICKEN, GOAT MEAT, PERISHABLE AGRICULTURAL COMMODITIES, MACADAMIA NUTS, PECANS... means: (1) Muscle cuts of beef, lamb, chicken, goat, and pork; (2) Ground beef, ground lamb, ground chicken, ground goat, and ground pork; (3) Perishable agricultural commodities; (4) Peanuts; (5) Macadamia...

  19. Adding Value to Indiana's Commodities.

    Science.gov (United States)

    Welch, Mary A., Ed.

    1995-01-01

    Food processing plants are adding value to bulk and intermediate products to sell overseas. The Asian Pacific Rim economies constituted the largest market for consumer food products in 1993. This shift toward consumer food imports in this area is due to more women working outside the home, the internationalization of populations, and dramatic…

  20. Commodity clusters: Performance comparison between PC`s and workstations

    Energy Technology Data Exchange (ETDEWEB)

    Carter, R.; Laroco, J.; Armstrong, R.

    1996-03-01

    Workstation clusters were originally developed as a way to leverage the better cost basis of UNIX workstations to perform computations previously handled only by relatively more expensive supercomputers. Commodity workstation clusters take this evolutionary process one step further by replacing equivalent proprietary workstation functionality with less expensive PC technology. As PC technology encroaches on proprietary UNIX workstation vendor markets, these vendors will see a declining share of the overall market. As technology advances continue, the ability to upgrade a workstations performance plays a large role in cost analysis. For example, a major upgrade to a typical UNIX workstation means replacing the whole machine. As major revisions to the UNIX vendor`s product line come out, brand new systems are introduced. IBM compatibles, however, are modular by design, and nothing need to be replaced except the components that are truly improved. The DAISy cluster, for example, is about to undergo a major upgrade from 90MHz Pentiums to 200MHz Pentium Pros. All of the memory -- the system`s largest expense -- and disks, power supply, etc., can be reused. As a result, commodity workstation clusters ought to gain an increasingly large share of the distributed computing market.

  1. Marketing marketing

    NARCIS (Netherlands)

    dr. Karel Jan van Alsem

    2013-01-01

    In deze installatierede betoogt Karel Jan Alsem dat marketing een grotere strategische rol in organisaties zou moeten krijgen. Want marketing is bij uitstek de verbinding tussen klantwensen en het DNA van een organisatie. Doordat merken gemiddeld voor mensen niet heel belangrijk zijn, is goede

  2. 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 RULES RELATING TO SUSPENSION OR DISBARMENT FROM APPEARANCE AND PRACTICE § 14.4 Violation of Commodity...

  3. [Research model on commodity specification standard of radix Chinese materia medica].

    Science.gov (United States)

    Kang, Chuan-Zhi; Zhou, Tao; Jiang, Wei-Ke; Huang, Lu-Qi; Guo, Lan-Ping

    2016-03-01

    As an important part of the market commodity circulation, the standard grade of Chinese traditional medicine commodity is very important to restrict the market order and guarantee the quality of the medicinal material. The State Council issuing the "protection and development of Chinese herbal medicine (2015-2020)" also make clear that the important task of improving the circulation of Chinese herbal medicine industry norms and the commodity specification standard of common traditional Chinese medicinal materials. However, as a large class of Chinese herbal medicines, the standard grade of the radix is more confused in the market circulation, and lack of a more reasonable study model in the development of the standard. Thus, this paper summarizes the research background, present situation and problems, and several key points of the commodity specification and grade standard in radix herbs. Then, the research model is introduced as an example of Pseudostellariae Radix, so as to provide technical support and reference for formulating commodity specifications and grades standard in other radix traditional Chinese medicinal materials. Copyright© by the Chinese Pharmaceutical Association.

  4. 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%.

  5. COMPETITION AS MARKET MECHANISM

    Directory of Open Access Journals (Sweden)

    N. Ya. Kazhuro

    2015-01-01

    Full Text Available The essence of a competition as an objective law for development of the commodities production based on private ownership of the means of production and commodity exchange has been revealed in the paper. The paper presents an economic basis of market economy (private ownership which generates a corresponding production objective. Such purpose is a maximization of profit and a minimization of market subject expenses. Therefore, a struggle for the most favourable conditions on commodity production and sales is inevitable in such situation. The struggle is considered in the community with developed market economy as a competition.The competition is regarded not as an exogenic factor exerting its influence on market economic system from the outside, but as an objective phenomenon which is inherent to management market system in itself. Such treatment is substantiated by economic disintegration of individual commodity producers. Being an important engine of market economy, the competition does not establish its laws, and its role is to be an executive of data which are internally inherent in commodity production laws and firstly it concerns a profit maximization law which defines a purpose and guiding motif of economic entities in the given economy.The competition plays a contradictory role under conditions of market economy. On the one hand, it makes manufacturers constantly to aspire to expense reduction for the sake of profit increase. This has resulted in labour productivity increase, production cost decrease and a company receives an opportunity to reduce retail price for its products. Consequently, the competition acts as a potential factor for lowering of prices while increasing production efficiency. On the other hand, sellers have more freedom in price fixing under conditions of imperfect competition as they sell their products under the conditions of a monopolistic competition or an oligopoly. This is the main weakest point of the market

  6. 22 CFR 228.51 - Commodities.

    Science.gov (United States)

    2010-04-01

    ... agricultural commodities, motor vehicles, or pharmaceuticals (see § 228.13, “Special source rules requiring... eligibility. (USAID's Automated Directives System Chapter 312.) (c) Any individual transaction not exceeding...

  7. Price transmission for agricultural commodities in Uganda: An empirical vector autoregressive analysis

    DEFF Research Database (Denmark)

    Lassen Kaspersen, Line; Føyn, Tullik Helene Ystanes

    This paper investigates price transmission for agricultural commodities between world markets and the Ugandan market in an attempt to determine the impact of world market prices on the Ugandan market. Based on the realization that price formation is not a static concept, a dynamic vector...... autoregressive (VAR) model is presented. The prices of Robusta coffee and sorghum are examined, as both of these crops are important for the domestic economy of Uganda – Robusta as a cash crop, mainly traded internationally, and sorghum for consumption at household level. The analysis focuses on the spatial...... price relations, i.e. the price variations between geographically separated markets in Uganda and the world markets. Our analysis indicates that food markets in Uganda, based on our study of sorghum price transmission, are not integrated into world markets, and that oil prices are a very determining...

  8. Application of Derivatives Market for Controlling Risks of Commodity Prices

    Directory of Open Access Journals (Sweden)

    Rasuolė Drazdauskienė

    2015-05-01

    Full Text Available The issue of raw milk procurement cost level and fluctuation which inhibits strengthening negotiating positions of dairy product fabricants and probability of them staying competitive in the European Union, is examined. Scientific literature that analyzes risks of staple prices is overviewed in the article. The paper provides statistical data representing the situation of Lithuania in contrast with European Union rates. Global usage of prospective transactions and their possible influence on price regulation are analyzed. After examining statistical data and academic literature, conclusions are provided.

  9. Teaching After the Market: From Commodity to Cosmopolitan

    Science.gov (United States)

    Luke, Allan

    2004-01-01

    This essay is a philosophical and sociological reconsideration of the nature of teaching and work. It draws broadly from the sociology of Pierre Bourdieu and materialist models of the economic subject. It begins from an acknowledgment and review of the critiques of current policy orientations to testing and accountability in the United States,…

  10. A Qualitative Study of Industry and Air Force Commodity Council Processes

    Science.gov (United States)

    2005-03-01

    writes about how Coca - Cola Enterprises© increased their purchasing efficiency by first benchmarking the procurement practices of 22 Fortune 100...contracts, supplier performance, SWOT (Strengths, Weaknesses, Opportunities, and Threats), and purchasing objectives when 85 establishing a desired...Consider the following: Commodity research Market analysis Lessons learned from previous contracts Supplier performance SWOT analysis Purchase

  11. 75 FR 11472 - Perishable Agricultural Commodities Act: Increase in License Fees

    Science.gov (United States)

    2010-03-11

    ... establishes a code of fair trade practices covering the marketing of fresh and frozen fruits and vegetables in... fair trade practices. The PACA enforces Federal regulations outside the civil court system by upholding... those commodities by prohibiting unfair and fraudulent trade practices. In this way, the law fosters an...

  12. 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

  13. 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

  14. Market performance of potato auctions in Bhutan

    NARCIS (Netherlands)

    Tilburg, van A.; Kuiper, W.E.; Swinkels, R.

    2006-01-01

    Market performance with respect to a main horticultural export commodity in Bhutan is the subject of this paper. Imperfections in (market) infrastructure and market structure and conduct may prevent an optimal price for farmers. Market performance is assessed by testing the law of one price for this

  15. Market Performance of Potato Auctions in Bhutan

    NARCIS (Netherlands)

    Tilburg, van A.; Kuiper, W.E.; Swinkels, R.

    2008-01-01

    Market performance with respect to a main horticultural export commodity in Bhutan is the subject of this paper. Imperfections in (market) infrastructure and market structure and conduct may prevent an optimal price for farmers. Market performance is assessed by testing the law of one price for this

  16. Homogeneity of Inorganic Glasses

    DEFF Research Database (Denmark)

    Jensen, Martin; Zhang, L.; Keding, Ralf

    2011-01-01

    Homogeneity of glasses is a key factor determining their physical and chemical properties and overall quality. However, quantification of the homogeneity of a variety of glasses is still a challenge for glass scientists and technologists. Here, we show a simple approach by which the homogeneity...... of different glass products can be quantified and ranked. This approach is based on determination of both the optical intensity and dimension of the striations in glasses. These two characteristic values areobtained using the image processing method established recently. The logarithmic ratio between...... the dimension and the intensity is used to quantify and rank the homogeneity of glass products. Compared with the refractive index method, the image processing method has a wider detection range and a lower statistical uncertainty....

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

    Science.gov (United States)

    Elser, James J; Elser, Timothy J; Carpenter, Stephen R; Brock, William A

    2014-01-01

    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.

  18. 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.

  19. 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.

  20. Sorption of sulfuryl fluoride by food commodities.

    Science.gov (United States)

    Sriranjini, Venkata-rao; Rajendran, Somiahnadar

    2008-08-01

    The use of sulfuryl fluoride, a structural fumigant for termite and woodborer control, has recently been expanded to treating stored food commodities and food facilities. There is, however, a lack of data on the sorption of sulfuryl fluoride by food commodities. Knowledge about sorption is important in the context of effective treatment and residues. When sulfuryl fluoride was applied at a dose of 50 g m(-3) to various food commodities (total 68) with 300 g per replicate in 0.75 L gas wash bottles (fumigation chambers) at 25 +/- 1 degrees C, in most cases (81%) the gas concentrations in the free space of the commodities exceeded 50 g m(-3) (range 51-80 g m(-3)) at the end of 24 h exposure. In chambers without the substrate, an average concentration of 49.7 g m(-3) was recorded. About 54% of the commodities showed low-level ( sulfuryl fluoride, 34% showed medium-level (26-50%) sorption and only 12% were highly sorptive (>50%). The latter include white oats (terminal gas concentration 17.8 g m(-3)), some of the decorticated split pulses (24.0-29.3 g m(-3)), chickpea flour (26.3 g m(-3)), dried ginger (29.0 g m(-3)), refined wheat flour (30.3 g m(-3)) and coriander powder (40.5 g m(-3)). In unfumigated control commodities, owing to interfering volatiles, Fumiscope readings in the range 0-13 were noted. Sulfuryl fluoride has the advantage of a low or moderate level of sorption with the majority of the food commodities.

  1. Bridging heterogeneous and homogeneous catalysis concepts, strategies, and applications

    CERN Document Server

    Li, Can

    2014-01-01

    This unique handbook fills the gap in the market for an up-to-date work that links both homogeneous catalysis applied to organic reactions and catalytic reactions on surfaces of heterogeneous catalysts.

  2. 17 CFR 31.6 - Registration of leverage commodities.

    Science.gov (United States)

    2010-04-01

    ... 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. Each leverage commodity upon which a leverage contract is offered for sale or purchase or is sold or...

  3. Occurrence of ochratoxin A in commodities and processed food - A review of EU occurrence data

    DEFF Research Database (Denmark)

    Jørgensen, Kevin

    2005-01-01

    A brief review on the occurrence of ochratoxin A in commodities and processed food on the European market (meat and meat products, cereal and cereal products, spices, beer, cocoa and derived products, coffee, wine, dried vine fruits, grape juice) is given in an historical perspective based on two...... exist, e.g. possible year-to-year variations for wine, dried vine fruits and grape juice are not well investigated. In addition, a follow-up on possible improvements in agricultural and processing practices is needed for some of the commodities recently discovered as being contaminated with ochratoxin A......, such as coffee, wine, dried vine fruits and grape juice....

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

    Energy Technology Data Exchange (ETDEWEB)

    Uslu, A.; Bole, T.; Londo, M. [ECN Policy Studies, Petten (Netherlands); Pelkmans, L. [VITO, Mol (Belgium); Berndes, G. [Chalmers University, Gothenburg (Sweden); Prieler, S.; Fischer, G. [International Institute for Applied Systems Analysis IIASA, Laxenburg (Austria); Cueste Cabal, H. [CIEMAT, Madrid (Spain)

    2010-06-15

    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

  5. Can markets compute equilibria?

    CERN Document Server

    Monroe , Hunter K

    2009-01-01

    Recent turmoil in financial and commodities markets has renewed questions regarding how well markets discover equilibrium prices, particularly when those markets are highly complex. A relatively new critique questions whether markets can realistically find equilibrium prices if computers cannot. For instance, in a simple exchange economy with Leontief preferences, the time required to compute equilibrium prices using the fastest known techniques is an exponential function of the number of goods. Furthermore, no efficient technique for this problem exists if a famous mathematical conjecture is

  6. 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).

  7. Revisiting super-cycles in commodity prices

    Directory of Open Access Journals (Sweden)

    Fatma Pınar Erdem

    2016-12-01

    Full Text Available It is argued that business cycles have been moderating. However, there are a limited number of studies in the literature analyzing the cyclical behaviour of commodity prices in the last decades. This paper attempts to fill this gap by investigating the super-cycles in oil prices. In addition, interdependence between cycles in GDP and oil prices and co-movements between cycles in oil and other commodity prices are investigated. Results show that super-cycles in oil prices still exist and are not moderating. The last peak in long-term oil price was observed in 2012 and since then it has been on a downward trend.

  8. Equilibrium with arbitrary market structure

    DEFF Research Database (Denmark)

    Grodal, Birgit; Vind, Karl

    2005-01-01

    Fifty years ago Arrow [1] introduced contingent commodities and Debreu [4] observed that this reinterpretation of a commodity was enough to apply the existing general equilibrium theory to uncertainty and time. This interpretation of general equilibrium theory is the Arrow-Debreu model....... The complete market predicted by this theory is clearly unrealistic, and Radner [10] formulated and proved existence of equilibrium in a multiperiod model with incomplete markets. In this paper the Radner result is extended. Radner assumed a specific structure of markets, independence of preferences...

  9. 7 CFR 27.93 - Bona fide spot markets.

    Science.gov (United States)

    2010-01-01

    ... Agriculture Regulations of the Department of Agriculture AGRICULTURAL MARKETING SERVICE (Standards, Inspections, Marketing Practices), DEPARTMENT OF AGRICULTURE COMMODITY STANDARDS AND STANDARD CONTAINER... Texas counties of Val Verde, Crockett, Terrell, Pecos, Brewster, Presidio, Jeff Davis, Culberson...

  10. Homogeneity and Entropy

    Science.gov (United States)

    Tignanelli, H. L.; Vazquez, R. A.; Mostaccio, C.; Gordillo, S.; Plastino, A.

    1990-11-01

    RESUMEN. Presentamos una metodologia de analisis de la homogeneidad a partir de la Teoria de la Informaci6n, aplicable a muestras de datos observacionales. ABSTRACT:Standard concepts that underlie Information Theory are employed in order design a methodology that enables one to analyze the homogeneity of a given data sample. Key : DATA ANALYSIS

  11. 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

  12. 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

  13. Multi-commodity support in profile steering

    NARCIS (Netherlands)

    Schoot Uiterkamp, Martijn H. H.; Hoogsteen, Gerwin; Gerards, Marco E. T.; Hurink, Johann L.; Smit, Gerardus Johannes Maria

    2017-01-01

    The interest in hybrid energy systems that coordinate multiple commodities simultaneously on residential level (e.g., electricity, heat, gas) is increasing. Such systems can benefit from the synergy between energy carriers to improve the overall energy system efficiency. However, dependencies

  14. Marketplace or Commodity Progressivism and State Schooling

    Science.gov (United States)

    O'Neill, John

    2017-01-01

    O'Neill argues that the standard social democratic narrative of state schooling as a consensual, whole-of-society commitment to reduce educational inequalities across the system as a whole, for the collective well being of all, has been displaced by marketplace or commodity progressivism. He takes the position that reducing educational…

  15. 76 FR 41048 - Agricultural Commodity Definition

    Science.gov (United States)

    2011-07-13

    ... generally fungible, and may be used for human food (as an ingredient of alcoholic beverages). However, it... used primarily for human food, shelter, animal feed, or natural fiber;'' 3. A catch-all category for... goes without saying that the modification of traditional commodities by synthetic biology and other...

  16. 75 FR 65586 - Agricultural Commodity Definition

    Science.gov (United States)

    2010-10-26

    ... no obligation, to review, pre-screen, filter, redact, refuse or remove any or all of your submission... created the Commodity Futures Trading Commission, an independent regulatory agency with powers greater... follows: ``A swap is a privately negotiated exchange of one asset or cash flow for another asset or cash...

  17. Global Histories, Imperial Commodities, Local Interactions

    NARCIS (Netherlands)

    Curry Machado, J.M.

    2013-01-01

    The history of the modern world can be described through the history of the commodities that were produced, traded and consumed, on an increasingly global scale. The papers presented in this book show how in this process borders were transgressed, local agents combined with metropolitan

  18. A two-commodity perishable inventory system

    African Journals Online (AJOL)

    determined the optimal order quantity that minimizes the total cost rate. ... and the average cost case the optimal policy of both the finite and infinite time horizon ...... h2. : the inventory carrying cost per item per unit time of second commodity. cS. : setup cost per order. cW. : waiting time cost of a customer per unit time. cP1.

  19. Correlated equilibria in homogenous good Bertrand competition

    DEFF Research Database (Denmark)

    Jann, Ole; Schottmüller, Christoph

    2015-01-01

    We show that there is a unique correlated equilibrium, identical to the unique Nash equilibrium, in the classic Bertrand oligopoly model with homogenous goods and identical marginal costs. This provides a theoretical underpinning for the so-called "Bertrand paradox'' as well as its most general f...... formulation to date. Our proof generalizes to asymmetric marginal costs and arbitrarily many players in the following way: The market price cannot be higher than the second lowest marginal cost in any correlated equilibrium....

  20. Correlated walks down the Babylonian markets

    Science.gov (United States)

    Romero, N. E.; Ma, Q. D. Y.; Liebovitch, L. S.; Brown, C. T.; Ivanov, P. Ch.

    2010-04-01

    To investigate the evolution of market dynamics in different stages of historical development, we analyze commodity prices from two distinct periods —ancient Babylon, and medieval and early modern England. We find that the first-digit distributions of both Babylon and England commodity prices follow Benford's law, indicating that the data represent empirical observations typically arising from a free market. Further, we find that the normalized prices of both Babylon and England agricultural commodities are characterized by stretched exponential distributions, and exhibit persistent correlations of a power law type over long periods of up to several centuries, in contrast to contemporary markets. Our findings suggest that similar market interactions may underlie the dynamics of ancient agricultural commodity prices, and that these interactions may remain stable across centuries in two distinct historical periods.

  1. Homogenous finitary symmetric groups

    Directory of Open Access Journals (Sweden)

    Otto‎. ‎H‎. Kegel

    2015-03-01

    Full Text Available We characterize strictly diagonal type of embeddings of finitary symmetric groups in terms of cardinality and the characteristic. Namely, we prove the following. Let kappa be an infinite cardinal. If G=underseti=1stackrelinftybigcupG i , where G i =FSym(kappan i , (H=underseti=1stackrelinftybigcupH i , where H i =Alt(kappan i , is a group of strictly diagonal type and xi=(p 1 ,p 2 ,ldots is an infinite sequence of primes, then G is isomorphic to the homogenous finitary symmetric group FSym(kappa(xi (H is isomorphic to the homogenous alternating group Alt(kappa(xi , where n 0 =1,n i =p 1 p 2 ldotsp i .

  2. Homogeneous group, research, institution

    Directory of Open Access Journals (Sweden)

    Francesca Natascia Vasta

    2014-09-01

    Full Text Available The work outlines the complex connection among empiric research, therapeutic programs and host institution. It is considered the current research state in Italy. Italian research field is analyzed and critic data are outlined: lack of results regarding both the therapeutic processes and the effectiveness of eating disorders group analytic treatment. The work investigates on an eating disorders homogeneous group, led into an eating disorder outpatient service. First we present the methodological steps the research is based on including the strong connection among theory and clinical tools. Secondly clinical tools are described and the results commented. Finally, our results suggest the necessity of validating some more specifical hypothesis: verifying the relationship between clinical improvement (sense of exclusion and painful emotions reduction and specific group therapeutic processes; verifying the relationship between depressive feelings, relapses and transition trough a more differentiated groupal field.Keywords: Homogeneous group; Eating disorders; Institutional field; Therapeutic outcome

  3. Homogeneous bilateral block shifts

    Indian Academy of Sciences (India)

    Introduction. We write D for the complex unit disc and G for the Möbius group, the group of holo- morphic self-maps of D. A bounded operator T on a Hilbert space H is said to be homogeneous if its spectrum is contained in ¯D and for every g in G there exists a unitary operator U(g) such that g(T ) = U(g). −1. T U (g).

  4. Dynamics of homogeneous nucleation

    DEFF Research Database (Denmark)

    Toxværd, Søren

    2015-01-01

    The classical nucleation theory for homogeneous nucleation is formulated as a theory for a density fluctuation in a supersaturated gas at a given temperature. But molecular dynamics simulations reveal that it is small cold clusters which initiates the nucleation. The temperature in the nucleating...... or shrink by accretion or evaporation of monomers only but also by an exponentially declining change in cluster size per time step equal to the cluster distribution in the supersaturated gas....

  5. Homogenization of dislocation dynamics

    Energy Technology Data Exchange (ETDEWEB)

    El Hajj, Ahmad; Ibrahim, Hassan; Monneau, Regis, E-mail: elhajj@cermics.enpc.fr, E-mail: ibrahim@cermics.enpc.fr, E-mail: monneau@cermics.enpc.fr [CERMICS, ENPC, 6 and 8 avenue Blaise Pascal, Cite Descartes, Champs sur Marne, 77455 Marne-la-Valle Cedex 2 (France)

    2009-07-15

    In this paper we consider the dynamics of dislocations with the same Burgers vector, contained in the same glide plane, and moving in a material with periodic obstacles. We study two cases: i) the particular case of parallel straight dislocations and ii) the general case of curved dislocations. In each case, we perform rigorously the homogenization of the dynamics and predict the corresponding effective macroscopic elasto-visco-plastic flow rule.

  6. Homogenization of resonant chiral metamaterials

    DEFF Research Database (Denmark)

    Andryieuski, Andrei; Menzel, C.; Rockstuhl, Carsten

    2010-01-01

    Homogenization of metamaterials is a crucial issue as it allows to describe their optical response in terms of effective wave parameters as, e.g., propagation constants. In this paper we consider the possible homogenization of chiral metamaterials. We show that for meta-atoms of a certain size...... an analytical criterion for performing the homogenization and a tool to predict the homogenization limit. We show that strong coupling between meta-atoms of chiral metamaterials may prevent their homogenization at all....

  7. Homogeneous M2 duals

    Energy Technology Data Exchange (ETDEWEB)

    Figueroa-O’Farrill, José [School of Mathematics and Maxwell Institute for Mathematical Sciences,The University of Edinburgh,James Clerk Maxwell Building, The King’s Buildings, Peter Guthrie Tait Road,Edinburgh EH9 3FD, Scotland (United Kingdom); Ungureanu, Mara [Humboldt-Universität zu Berlin, Institut für Mathematik,Unter den Linden 6, 10099 Berlin (Germany)

    2016-01-25

    Motivated by the search for new gravity duals to M2 branes with N>4 supersymmetry — equivalently, M-theory backgrounds with Killing superalgebra osp(N|4) for N>4 — we classify (except for a small gap) homogeneous M-theory backgrounds with symmetry Lie algebra so(n)⊕so(3,2) for n=5,6,7. We find that there are no new backgrounds with n=6,7 but we do find a number of new (to us) backgrounds with n=5. All backgrounds are metrically products of the form AdS{sub 4}×P{sup 7}, with P riemannian and homogeneous under the action of SO(5), or S{sup 4}×Q{sup 7} with Q lorentzian and homogeneous under the action of SO(3,2). At least one of the new backgrounds is supersymmetric (albeit with only N=2) and we show that it can be constructed from a supersymmetric Freund-Rubin background via a Wick rotation. Two of the new backgrounds have only been approximated numerically.

  8. 7 CFR 1421.106 - Warehouse-stored marketing assistance loan collateral.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 10 2010-01-01 2010-01-01 false Warehouse-stored marketing assistance loan collateral...) COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE LOANS, PURCHASES, AND OTHER OPERATIONS GRAINS AND... Marketing Assistance Loans § 1421.106 Warehouse-stored marketing assistance loan collateral. (a) A commodity...

  9. 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.

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

    Directory of Open Access Journals (Sweden)

    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.

  11. Are shocks to commodity prices persistent?

    Energy Technology Data Exchange (ETDEWEB)

    Narayan, Paresh Kumar; Liu, Ruipeng [School of Accounting, Economics and Finance, Deakin University (Australia)

    2011-01-15

    This paper considers the issue of whether shocks to ten commodity prices (gold, silver, platinum, copper, aluminum, iron ore, lead, nickel, tin, and zinc) are persistent or transitory. We use two recently developed unit root tests, namely the Narayan and Popp (NP) test and the Liu and Narayan (LN) test. Both tests allow for two structural breaks in the data series. Using the NP test, we are able to reject the unit root null for iron ore and tin. Using the GARCH-based unit root test of LN, we are able to reject the unit root null for five commodity prices (iron ore, nickel, zinc, lead, and tin). Our findings, thus, suggest that only shocks to gold, silver, platinum, aluminum, and copper are persistent. (author)

  12. Malaria control by commodities without practical malariology.

    Science.gov (United States)

    Kevin Baird, J

    2017-06-21

    Malaria remains a serious clinical and public health problem, the object of an ongoing technological and humanitarian struggle to abate the very substantial harm done. The manner by which humanity approached malaria control changed abruptly and profoundly after 1945 with the advent of the insecticide DDT. Malariologists in the first half of the twentieth century conceived precise modifications to natural or man-made environments aimed at making those less hospitable to specific anopheline mosquito vector species. This practical malariology achieved very significant reductions in burdens of morbidity and mortality, but the revolutionary insecticide eliminated the need for its specialized knowledge and diverse practices. By 1970 mosquito resistance to DDT and perceived environmental concerns precipitated the collapse of what had been a vigorous global campaign to eradicate malaria. Humanity did not then revitalize practical malariology but turned to another commodity as the foundation of control strategy, the war-spurred suite of synthetic antimalarial drugs developed in the 1940s and 1950s. When those drugs became lost to parasite resistance in the latter twentieth century, malaria resurged globally. Since 2005, tens of billions of dollars mobilized new commodities to control malaria: point-of-care diagnostics, effective artemisinin-based treatments, and longer-lasting insecticide treated bed nets. The know-how of practical malariology is not part of that ongoing commodities-based strategy. This article examines contemporary malaria control in the broad strokes of a strategy mitigating the consequences of infection contrasted to that of the abandoned practical malariology strategy of prevention. The inherent risks and limitations of over-reliance upon commodities in striving to control malaria may prompt consideration of a strategic posture inclusive of the proven methods of practical malariology.

  13. Commodities and Linkages: Meeting the Policy Challenge

    OpenAIRE

    Kaplinsky, Raphael; Morris, Adam; Kaplan, David

    2011-01-01

    The results of detailed empirical enquiry into the nature and determinants of the breadth and depth of linkages in and out of the commodities sector in eight SSA countries (Angola, Botswana, Gabon, Ghana, Nigeria, South Africa Tanzania, and Zambia) and six sectors (copper, diamonds, gold, oil and gas, mining services and timber) has shown extensive scope for industrial development (MMCP DP 13, 2011). A primary conclusion of this research was that policy in both the private and public realm wa...

  14. Homogeneous Finsler Spaces

    CERN Document Server

    Deng, Shaoqiang

    2012-01-01

    "Homogeneous Finsler Spaces" is the first book to emphasize the relationship between Lie groups and Finsler geometry, and the first to show the validity in using Lie theory for the study of Finsler geometry problems. This book contains a series of new results obtained by the author and collaborators during the last decade. The topic of Finsler geometry has developed rapidly in recent years. One of the main reasons for its surge in development is its use in many scientific fields, such as general relativity, mathematical biology, and phycology (study of algae). This monograph introduc

  15. HOMOGENEOUS NUCLEAR POWER REACTOR

    Science.gov (United States)

    King, L.D.P.

    1959-09-01

    A homogeneous nuclear power reactor utilizing forced circulation of the liquid fuel is described. The reactor does not require fuel handling outside of the reactor vessel during any normal operation including complete shutdown to room temperature, the reactor being selfregulating under extreme operating conditions and controlled by the thermal expansion of the liquid fuel. The liquid fuel utilized is a uranium, phosphoric acid, and water solution which requires no gus exhaust system or independent gas recombining system, thereby eliminating the handling of radioiytic gas.

  16. Tibetan Minzu Market

    DEFF Research Database (Denmark)

    Brox, Trine

    2017-01-01

    In downtown Chengdu a pocket of Tibetan culture has sprung up: a Tibetan market where Tibetans and Han Chinese meet to buy and sell ethnic minority products. Pointing to how Tibetan migration to Chengdu has contributed to the growth of a vibrant ‘minzu market’ attracting Tibetan and Han Chinese...... merchants, customers, Buddhist devotees, and voyeurs, this article presents novel understandings of the ethnic goods market in urban Chengdu. The article first explores the growth of the market, which is the result of a history of political and economic reforms, increased mobility, and religious revival....... Second, it maps the market infrastructure according to the ethnicity of the shopkeepers and the commodities that are traded. Although there is still a clear ethnic division in the market, this article also documents the emergence of Han Chinese market participation in forms of trade that have...

  17. Seasonal and Stochastic Effects in Commodity Forward Curves

    NARCIS (Netherlands)

    Borovkova, S.A.; Geman, H.

    2007-01-01

    In this paper we develop a new model for the dynamics of forward curves of commodities exhibiting seasonalities, such as natural gas, electricity or agricultural commodities. In the existing literature on the subject, the first state variable in multi-factor models is the commodity price, which

  18. 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...

  19. 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...

  20. Applying commodity chain analysis to changing modes of alcohol supply in a developing country.

    Science.gov (United States)

    Jernigan, D H

    2000-12-01

    Development sociology has used global commodity chains as one way of analyzing the dynamics of power and profit-taking in globalized production networks made up of multiple firms and occurring in multiple national settings. A substantial portion of the alcohol supply in developing countries is now produced through such production networks. Particularly in the beer and spirits trade, a small number of transnational firms control networks of local producers, importers, advertisers and distributors. These networks serve to embed transnational or transnationally backed brands in the local culture, using the tools of market research, product design and marketing to influence local drinking practices. Case materials from Malaysia's beer industry help to illustrate how the transnational firms dominate in those links of the commodity chain in which monopoly or oligopoly control is most likely to be found: the design/recipe and marketing/advertising nodes. Their control of the commodity chains and extraction of monopoly or oligopoly profits from them places substantial resources and influence over drinking settings and practices in foreign hands. The impact of this influence on state efficacy and autonomy in setting alcohol policy is an important subject for future research on the creation and implementation of effective alcohol policies in developing societies.

  1. Pseudoconvex and Disprisoning Homogeneous Sprays

    CERN Document Server

    Riego, L D

    1994-01-01

    The pseudoconvex and disprisoning conditions for geodesics of linear connections are extended to the solution curves of general homogeneous sprays. The main result is that pseudoconvexity and disprisonment are jointly stable in the fine topology on the space of all homogeneous sprays of any degree of homogeneity.

  2. Trade in water and commodities as adaptations to global change

    Science.gov (United States)

    Lammers, R. B.; Hertel, T. W.; Prousevitch, A.; Baldos, U. L. C.; Frolking, S. E.; Liu, J.; Grogan, D. S.

    2015-12-01

    The human capacity for altering the water cycle has been well documented and given the expected change due to population, income growth, biofuels, climate, and associated land use change, there remains great uncertainty in both the degree of increased pressure on land and water resources and in our ability to adapt to these changes. Alleviating regional shortages in water supply can be carried out in a spatial hierarchy through i) direct trade of water between all regions, ii) development of infrastructure to improve water availability within regions (e.g. impounding rivers), iii) via inter-basin hydrological transfer between neighboring regions and, iv) via virtual water trade. These adaptation strategies can be managed via market trade in water and commodities to identify those strategies most likely to be adopted. This work combines the physically-based University of New Hampshire Water Balance Model (WBM) with the macro-scale Purdue University Simplified International Model of agricultural Prices Land use and the Environment (SIMPLE) to explore the interaction of supply and demand for fresh water globally. In this work we use a newly developed grid cell-based version of SIMPLE to achieve a more direct connection between the two modeling paradigms of physically-based models with optimization-driven approaches characteristic of economic models. We explore questions related to the global and regional impact of water scarcity and water surplus on the ability of regions to adapt to future change. Allowing for a variety of adaptation strategies such as direct trade of water and expanding the built water infrastructure, as well as indirect trade in commodities, will reduce overall global water stress and, in some regions, significantly reduce their vulnerability to these future changes.

  3. Biotechnology for consumer use: Voluntary, non-medical, DNA identity banks as commodity products.

    Science.gov (United States)

    Scheinman, Andrew

    2004-01-01

    The involuntary collection of DNA into databanks for insurance and identification purposes has been well-explored, as has the voluntary use of such repositories of DNA information for the construction of databases for medical research. There is a little-investigated fourth manifestation of such databanks, however, a voluntary, non-medical, consumer-oriented one. Specifically, DNA information is now being marketed in the commodity consumer market as a way of establishing both genealogical relatedness and identity per se, including religious, racial, and ethnic identity. In this article the development of such identity databases is discussed, and the ethical consequences of the accumulation and dissemination of such information are briefly explored.

  4. HOMOGENEOUS NUCLEAR REACTOR

    Science.gov (United States)

    Hammond, R.P.; Busey, H.M.

    1959-02-17

    Nuclear reactors of the homogeneous liquid fuel type are discussed. The reactor is comprised of an elongated closed vessel, vertically oriented, having a critical region at the bottom, a lower chimney structure extending from the critical region vertically upwardly and surrounded by heat exchanger coils, to a baffle region above which is located an upper chimney structure containing a catalyst functioning to recombine radiolyticallydissociated moderator gages. In operation the liquid fuel circulates solely by convection from the critical region upwardly through the lower chimney and then downwardly through the heat exchanger to return to the critical region. The gases formed by radiolytic- dissociation of the moderator are carried upwardly with the circulating liquid fuel and past the baffle into the region of the upper chimney where they are recombined by the catalyst and condensed, thence returning through the heat exchanger to the critical region.

  5. From Commodity Polymers to Functional Polymers

    Science.gov (United States)

    Xiang, Tao; Wang, Ling-Ren; Ma, Lang; Han, Zhi-Yuan; Wang, Rui; Cheng, Chong; Xia, Yi; Qin, Hui; Zhao, Chang-Sheng

    2014-01-01

    Functional polymers bear specified chemical groups, and have specified physical, chemical, biological, pharmacological, or other uses. To adjust the properties while keeping material usage low, a method for direct synthesis of functional polymers is indispensable. Here we show that various functional polymers can be synthesized by in situ cross-linked polymerization/copolymerization. We demonstrate that the polymers synthesized by the facile method using different functional monomers own outstanding pH-sensitivity and pH-reversibility, antifouling property, antibacterial, and anticoagulant property. Our study opens a route for the functionalization of commodity polymers, which lead to important advances in polymeric materials applications. PMID:24710333

  6. 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

  7. 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

  8. 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

  9. Phosphate: are we squandering a scarce commodity?

    Science.gov (United States)

    Ferro, Charles J; Ritz, Eberhard; Townend, Jonathan N

    2015-02-01

    Phosphorus is an essential element for life but is a rare element in the universe. On Earth, it occurs mostly in the form of phosphates that are widespread but predominantly at very low concentration. This relative rarity has resulted in a survival advantage, in evolutionary terms, to organisms that conserve phosphate. When phosphate is made available in excess it becomes a cause for disease, perhaps best recognized as a potential cardiovascular and renal risk factor. As a reaction to the emerging public health issue caused by phosphate additives to food items, there have been calls for a public education programme and regulation to bring about a reduction of phosphate additives to food. During the Paleoproterzoic era, an increase in the bioavailability of phosphate is thought to have contributed significantly to the oxygenation of our atmosphere and a dramatic increase in the evolution of new species. Currently, phosphate is used poorly and often wasted with phosphate fertilizers washing this scarce commodity into water bodies causing eutrophication and algal blooms. Ironically, this is leading to the extinction of hundreds of species. The unchecked exploitation of phosphate rock, which is an increasingly rare natural resource, and our dependence on it for agriculture may lead to a strange situation in which phosphate might become a commodity to be fought over whilst at the same time, health and environmental experts are likely to recommend reductions in its use. © The Author 2014. Published by Oxford University Press on behalf of ERA-EDTA. All rights reserved.

  10. Storage Methods for Food Commodities. Food Commodities Lesson Plan No. 1.

    Science.gov (United States)

    Li, Anita

    Designed as part of a 15-hour community college course in food commodities, this lesson plan was developed to teach students about the proper storage of food. The lesson plan begins with information about the course for which the lesson plan was designed; equipment and audiovisual aids needed; requirements for student materials; course objectives;…

  11. 76 FR 11701 - Amendments to Commodity Pool Operator and Commodity Trading Advisor Regulations Resulting From...

    Science.gov (United States)

    2011-03-03

    ... followed, trading structures to be employed and investment activity (including retail forex and swap... prices on retail forex or swap transactions, the trading advisor must explain how such fee will be... From the Federal Register Online via the Government Publishing Office ] COMMODITY FUTURES TRADING...

  12. Structural Breaks and the Relationship Between Soybean and Corn Futures Prices on the Dalian Commodity Exchange of China

    Science.gov (United States)

    Wang, Rufang; Du, Yonghong; Wang, Jian

    Co-movement between futures prices can arise when commodities are substitutes. Using Johansen's co-integration procedure, we fail to find a significant long-run link between soybean and corn prices on the Dalian Commodity Exchange of China. This relationship is re-examined using Johansen's co-integration procedure that permits structural breaks. Results show evidence of co-integration and hence price discovery. There is a significant break in July 2007 by reason of rare drought in China's main soybean producing areas. The soybean-corn futures market is perfectly integrated, and the soybean price Granger-causes the corn price. Modeling structural breaks in price relationships appears important.

  13. 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.

  14. 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...... prices and if the latter are exogenous to the exchange rate dynamics. In our view, however, commodity prices are essentially financial asset prices that are set in a forward-looking way, exactly like exchange rates. If both the exchange rate and the commodity prices are based on discounted future...... of commodity prices. Cross-predictability, in contrast, seems to be only minor at best, not robust to plausible variations in the test design, and bi-directional rather than one-directional. We show to what extent the difference between Chen et al’s empirical findings and ours is due to the presence of time...

  15. Stockyard equipment buoyed by commodity prices

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2011-03-15

    Recent contract signings by heavy plant manufacturers show that the market for stockyard equipment is holding its own, despite continued economic uncertainty worldwide. Development by major manufacturers of stacker/reclaimers and bucket wheel excavators are reported. 1 photo.

  16. Risk premia in energy markets

    DEFF Research Database (Denmark)

    Veraart, Almut E.D.; Veraart, Luitgard A.M.

    -arbitrage arguments as long as the underlying commodities are storable, the situation changes in the case of electricity. Hence, in an empirical study based on electricity spot prices and futures from the European Energy Exchange market, we investigate the empirical behaviour of electricity risk premia from...

  17. Caos en el mercado de commodities

    Directory of Open Access Journals (Sweden)

    Espinosa Méndez Christian

    2010-12-01

    Full Text Available Este artículo aplica seis técnicas y herramientas (análisis gráfico, gráfico de recurrencia, entropía de espacio temporal, coeficiente de Hurst, exponente de Lyapunov y dimensión de correlación, a las series de retornos del cobre, oro, petróleo, plata, zinc, aluminio, plomo y níquel, con el fin de corroborar la existencia de un comportamiento caótico en el mercado de commodities. Se encuentra evidencia de que los mercados financieros se comportan de forma caótica en contra de la hipótesis de aleatoriedad. Se contrasta, igualmente, no-normalidad, no-aleatoriedad y no-linealidad. Los resultados encontrados contradicen algunos de los supuestos básicos de la teoría financiera moderna.

  18. 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''.

  19. 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

  20. 'HER MARKET HAS CLOSED': CRITICAL RETHINKING OF ...

    African Journals Online (AJOL)

    DR. CHINWE EZEIFEKA

    'HER MARKET HAS CLOSED': CRITICAL RETHINKING OF GENDER STEREOTYPES IN. SELECTED .... commodity has a time limit within which it is to be sold (before the close of the market), and it should be ..... A woman is also said to form and nurture the baby in her womb as well as when it is born using such idioms as:.

  1. Four essays on trade, foreign direct investment, and markets in Pakistan

    OpenAIRE

    Ahmad, Burhan

    2014-01-01

    This dissertation seeks to study aspects of economic growth and development in Pakistan that have been pursued through enhancing commodity-specific exports, attracting foreign investment and improving the functioning of commodity markets. It is comprised of four research articles. Article 1 investigates the factors affecting commodity exports and identifies markets that have unexploited export potential. Rice exports from Pakistan during 1991-2010 are taken as the example and studied using pa...

  2. Homogeneous Functionalization of Methane.

    Science.gov (United States)

    Gunsalus, Niles Jensen; Koppaka, Anjaneyulu; Park, Sae Hume; Bischof, Steven M; Hashiguchi, Brian G; Periana, Roy A

    2017-07-12

    One of the remaining "grand challenges" in chemistry is the development of a next generation, less expensive, cleaner process that can allow the vast reserves of methane from natural gas to augment or replace oil as the source of fuels and chemicals. Homogeneous (gas/liquid) systems that convert methane to functionalized products with emphasis on reports after 1995 are reviewed. Gas/solid, bioinorganic, biological, and reaction systems that do not specifically involve methane functionalization are excluded. The various reports are grouped under the main element involved in the direct reactions with methane. Central to the review is classification of the various reports into 12 categories based on both practical considerations and the mechanisms of the elementary reactions with methane. Practical considerations are based on whether or not the system reported can directly or indirectly utilize O2 as the only net coreactant based only on thermodynamic potentials. Mechanistic classifications are based on whether the elementary reactions with methane proceed by chain or nonchain reactions and with stoichiometric reagents or catalytic species. The nonchain reactions are further classified as CH activation (CHA) or CH oxidation (CHO). The bases for these various classifications are defined. In particular, CHA reactions are defined as elementary reactions with methane that result in a discrete methyl intermediate where the formal oxidation state (FOS) on the carbon remains unchanged at -IV relative to that in methane. In contrast, CHO reactions are defined as elementary reactions with methane where the carbon atom of the product is oxidized and has a FOS less negative than -IV. This review reveals that the bulk of the work in the field is relatively evenly distributed across most of the various areas classified. However, a few areas are only marginally examined, or not examined at all. This review also shows that, while significant scientific progress has been made

  3. Uganda Crop Trader Characteristics, and their Marketing Constraints

    African Journals Online (AJOL)

    Education, commodity profit, access to credit, level of working capital, gender of principal trader, country of origin, and region where trading business is located, are important factors that determine the decision on type of crop to market. Key words: Coffee, cotton, maize, cassava, credit constraint, commodity traders, ...

  4. 17 CFR 270.12d1-1 - Exemptions for investments in money market funds.

    Science.gov (United States)

    2010-04-01

    ... money market funds. 270.12d1-1 Section 270.12d1-1 Commodity and Securities Exchanges SECURITIES AND... Exemptions for investments in money market funds. (a) Exemptions for acquisition of money market fund shares... issued by a money market fund; and (2) A money market fund, any principal underwriter thereof, and a...

  5. 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.

  6. Homogeneous crystal nucleation in polymers

    Science.gov (United States)

    Schick, C.; Androsch, R.; Schmelzer, J. W. P.

    2017-11-01

    The pathway of crystal nucleation significantly influences the structure and properties of semi-crystalline polymers. Crystal nucleation is normally heterogeneous at low supercooling, and homogeneous at high supercooling, of the polymer melt. Homogeneous nucleation in bulk polymers has been, so far, hardly accessible experimentally, and was even doubted to occur at all. This topical review summarizes experimental findings on homogeneous crystal nucleation in polymers. Recently developed fast scanning calorimetry, with cooling and heating rates up to 106 K s-1, allows for detailed investigations of nucleation near and even below the glass transition temperature, including analysis of nuclei stability. As for other materials, the maximum homogeneous nucleation rate for polymers is located close to the glass transition temperature. In the experiments discussed here, it is shown that polymer nucleation is homogeneous at such temperatures. Homogeneous nucleation in polymers is discussed in the framework of the classical nucleation theory. The majority of our observations are consistent with the theory. The discrepancies may guide further research, particularly experiments to progress theoretical development. Progress in the understanding of homogeneous nucleation is much needed, since most of the modelling approaches dealing with polymer crystallization exclusively consider homogeneous nucleation. This is also the basis for advancing theoretical approaches to the much more complex phenomena governing heterogeneous nucleation.

  7. 77 FR 11251 - Commodity Pool Operators and Commodity Trading Advisors: Compliance Obligations

    Science.gov (United States)

    2012-02-24

    ... or bond markets, or to equitize cash efficiently. Although the Commission recognizes the importance..., increase transparency, and promote market integrity within the financial system by, inter alia, enhancing... the United States, promoting market discipline, and responding to emerging threats to the stability of...

  8. 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.

  9. [Use of social marketing in population health programs (literature review)].

    Science.gov (United States)

    Kholmogorova, G T; Gladysheva, N V

    1991-01-01

    At present health education programmes abroad make wide use of social marketing strategy. Unlike commercial marketing whose purpose is competition and struggle for the expansion of commodity markets, social marketing is aimed at disseminating certain ideas or introducing certain practices, using largely the technological base and strategy of commercial marketing. The authors give 8 fundamental principles of social marketing (consumer orientation, the theory of barter, the analysis of audience and segmentation, special surveys to detect the orientation of population, the choice of channels for information transmission application of "marketing mixture", control of ongoing programme and marketing management). Application fields of social marketing in public health are discussed.

  10. Contributions to the financial mathematics of energy markets

    NARCIS (Netherlands)

    Permana, F.J.

    2008-01-01

    This thesis provides several contributions to quantitative finance for energy markets: electricity price modelling, implying oil price volatilities, pricing and hedging of exotic commodity options. Electricity spot prices are characterized by spikes (jumps) because electricity is non-storable. A

  11. Profitability Analysis of Rice Processing and Marketing in Kano State ...

    African Journals Online (AJOL)

    marketing, evaluate the value added to the commodity at each stage in the study area and determine the most ... Global value chain concept, as pointed out by ... The 'value chain view' implies a system of ... The system usually ... Information.

  12. Understanding the History of Marketing Education to Improve Classroom Instruction

    Science.gov (United States)

    Ferrell, O. C.; Hair, Joe F., Jr.; Marshall, Greg W.; Tamilia, Robert D.

    2015-01-01

    This article provides a review of the history of marketing education. Some of the pioneers who developed concepts and pedagogical material used in teaching marketing are identified and some schools of thought are reviewed, namely, the commodity, institutional, and functional schools, as well as marketing management. During the early part of the…

  13. 41 CFR 51-2.7 - Fair market price.

    Science.gov (United States)

    2010-07-01

    ... 41 Public Contracts and Property Management 1 2010-07-01 2010-07-01 true Fair market price. 51-2.7... WHO ARE BLIND OR SEVERELY DISABLED § 51-2.7 Fair market price. (a) The Committee is responsible for determining fair market prices, and changes thereto, for commodities and services on the Procurement List. The...

  14. 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

  15. Commodity murabaha: does it violate Islamic norms? Note

    OpenAIRE

    Hasan, Zubair

    2008-01-01

    Recently commodity murabaha has run into disrepute due to court decisions going against the use of this instrument in Islamic banks. This brief note argues that at fault has been the structure of contracts and the excessive use of the instrument. In principle, commodity murabaha is doubtless rooted deep in the Islamic Shari’ah.

  16. proposal for a lean commodity management process for the south

    African Journals Online (AJOL)

    Administrator

    PROPOSAL FOR A LEAN COMMODITY. MANAGEMENT PROCESS FOR THE. SOUTH AFRICAN NAVY. Cdr Bruce Carter and Prof André Slabbert. Faculty of Management. Cape Peninsula University of Technology. Abstract. Commodity Managers (CMs) within the South African Navy (SAN) need new and innovative ways ...

  17. 22 CFR 201.11 - Eligibility of commodities.

    Science.gov (United States)

    2010-04-01

    ... placed in the United States with a company or companies authorized to do marine insurance business in a... 500 through 599, as from time to time amended. (h) Commodities shipped out of a free port or bonded warehouse. No commodity shipped out of a free port or bonded warehouse is eligible for USAID financing if it...

  18. 75 FR 70811 - Commodity Assessments; Loans, Purchases, and Other Operations

    Science.gov (United States)

    2010-11-19

    ... Other Operations AGENCY: Commodity Credit Corporation, USDA. ACTION: Final rule; technical amendment. SUMMARY: The Commodity Credit Corporation (CCC) is amending regulations as required by the Food, Conservation, and Energy Act of 2008 (the 2008 Farm Bill) to remove a provision concerning CCC fees for...

  19. Homogeneous Spaces and Equivariant Embeddings

    CERN Document Server

    Timashev, DA

    2011-01-01

    Homogeneous spaces of linear algebraic groups lie at the crossroads of algebraic geometry, theory of algebraic groups, classical projective and enumerative geometry, harmonic analysis, and representation theory. By standard reasons of algebraic geometry, in order to solve various problems on a homogeneous space it is natural and helpful to compactify it keeping track of the group action, i.e. to consider equivariant completions or, more generally, open embeddings of a given homogeneous space. Such equivariant embeddings are the subject of this book. We focus on classification of equivariant em

  20. 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.

  1. 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.

  2. 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.

  3. Has the Picture Archiving and Communication System (PACS) become a commodity?

    Science.gov (United States)

    Chen, James; Bradshaw, John; Nagy, Paul

    2011-02-01

    The Picture Archiving and Communication System (PACS) market has been transformed by disruptive innovations from the information technology industry. The cost of storage alone has dropped by a factor of 100 within the past 10 years. Improvements in display, processing, and networking have likewise enabled PACS to be a capable replacement for film. The maturity of PACS has permeated the US healthcare industry from large academic hospitals to small outpatient imaging centers. Can PACS continue to be a platform for innovation or has it become a commodity?

  4. G3-homogeneous gravitational instantons

    Energy Technology Data Exchange (ETDEWEB)

    Bourliot, F; Petropoulos, P M [Centre de Physique Theorique, CNRS-UMR 7644, Ecole Polytechnique, 91128 Palaiseau Cedex (France); Estes, J [Laboratoire de Physique Theorique, CNRS-UMR 8549, Ecole Normale Superieure, 24 rue Lhomond, F-75231 Paris cedex 05 (France); Spindel, Ph, E-mail: bourliot@cpht.polytechnique.f, E-mail: estes@cpht.polytechnique.f, E-mail: marios@cpht.polytechnique.f, E-mail: philippe.spindel@umons.ac.b [Service de Mecanique et Gravitation, Universite de Mons, 20 Place du Parc, 7000 Mons, Belgique (Belgium)

    2010-05-21

    We provide an exhaustive classification of self-dual four-dimensional gravitational instantons foliated with three-dimensional homogeneous spaces, i.e. homogeneous self-dual metrics on four-dimensional Euclidean spaces admitting a Bianchi simply transitive isometry group. The classification pattern is based on the algebra homomorphisms relating the Bianchi group and the duality group SO(3). New and general solutions are found for Bianchi III.

  5. G3-homogeneous gravitational instantons

    CERN Document Server

    Bourliot, F; Petropoulos, P M; Spindel, Ph

    2009-01-01

    We provide an exhaustive classification of self-dual four-dimensional gravitational instantons foliated with three-dimensional homogeneous spaces, i.e. homogeneous self-dual metrics on four-dimensional Euclidean spaces admitting a Bianchi simply transitive isometry group. The classification pattern is based on the algebra homomorphisms relating the Bianchi group and the duality group SO(3). New and general solutions are found for Bianchi III.

  6. Homogeneous nucleation of magnesium hydroxide.

    Science.gov (United States)

    Klein, D H; Smith, M D; Driy, J A

    1967-08-01

    The rate of homogeneous nucleation of magnesium hydroxide has been determined as a function of solution concentration, using a quasi-homogeneous precipitation technique and electronic particle counting. The nucleation rate becomes measurable at super-saturations of about 4, and is dependent on the 33rd power of the product aMgaOH(2). The experimental results are consistent with nucleation theory. The nucleus-solution interfacial energy is calculated to be 115 erg/cm(2).

  7. [Obtaining ribosome crystals in homogenates].

    Science.gov (United States)

    Bersani, F; Longo, I; Fanti, M; Pettazzoni, P

    1979-08-30

    Chick embryos are homogenized in order to analyse ribosome crystallization. Ribosome crystallization has been induced by hypothermic treatment in chick embryos homogenate. Tetramers and crystals were produced by gradually inducing the temperature over a span of 10 h to 4 degrees C. It has been observed that the concentration of KCl in the buffer is a critical point. It is suggested that the nuclear fraction is engaged in ribosome crystallization.

  8. LNG (Liquefied Natural Gas): the natural gas becoming a world commodity and creating international price references; GNL (Gas Natural Liquefeito): o gas natural se tornando uma commodity mundial e criando referencias de preco internacionais

    Energy Technology Data Exchange (ETDEWEB)

    Demori, Marcio Bastos [PETROBRAS, Rio de Janeiro, RJ (Brazil). Coordenacao de Comercializacao de Gas e GNL; Santos, Edmilson Moutinho dos [Universidade de Sao Paulo (USP), SP (Brazil). Inst. de Eletrotecnica e Energia. Programa Interunidades de Pos-Graduacao em Energia (PIPGE)

    2004-07-01

    The transportation of large quantities of natural gas through long distances has been done more frequently by Liquefied Natural Gas (LNG). The increase of natural gas demand and the distance of major reserves, allied to technological improvements and cost reduction through LNG supply chain, have triggered the expressive increase of LNG world market This paper tries to evaluate the influence that LNG should cause on natural gas world market dynamic, analyzing the tendency of gas to become a world commodity, creating international price references, like oil and its derivates. For this, are shown data as natural gas world reserves, the participation of LNG in natural gas world market and their increase. Furthermore, will be analyzed the interaction between major natural gas reserves and their access to major markets, still considering scheduled LNG projects, the following impacts from their implementation and price arbitrage that should be provoked on natural gas markets. (author)

  9. [Formation and evolution of commodity specification and grade of traditional Chinese medicine].

    Science.gov (United States)

    Li, Peng-Ying; Wang, Hai-Yang; Li, Jian; Zhan, Zhi-Lai; Yang, Guang

    2016-03-01

    As an important reference index to evaluate the quality of Chinese medicinal materials, the commodity specification and grade of traditional Chinese medicine has an effect on the medicinal material's price, can promote "high quality and high price" of the traditional Chinese medicine, prompt market transactions more convenient and standard, and has a great significance to the development of the whole traditional Chinese medicine industry. The formation of traditional Chinese medicine specifications and grades experienced a long historical development process. In order to provide the reference for modification of the product specifications and grades standards and management of traditional Chinese medicine products, the author consulted a large number of materia medica books and related references, sorted and analyzed the historical development process. The author divided the formation and development process into four stages, including germination stage before the Southern and Northern Dynasties, development stage of Tang and Song Dynasty, mature period of the Ming and Qing Dynasties and the inheritance development stage since the foundation of the People's Republic. The author believes that the clinical curative effect is the driving force to promote the development of commodity specifications and grades. In addition, the national pharmaceutical policy, international status, the level of science and technology also influence the development of commodity specifications and grades in some extents. Finally, the author provides three piece of suggestions for the modification of the product specifications and grades standards, according to the historical development rule. Copyright© by the Chinese Pharmaceutical Association.

  10. 17 CFR Appendix A to Part 31 - Schedule of Fees for Registration of Leverage Commodities

    Science.gov (United States)

    2010-04-01

    ... Registration of Leverage Commodities A Appendix A to Part 31 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION LEVERAGE TRANSACTIONS Pt. 31, App. A Appendix A to Part 31—Schedule of Fees for Registration of Leverage Commodities (a) Each application for registration of a leverage commodity must be...

  11. 17 CFR 1.70 - Notification of State enforcement actions brought under the Commodity Exchange Act.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Notification of State enforcement actions brought under the Commodity Exchange Act. 1.70 Section 1.70 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT...

  12. Price Leadership and Unequal Market Sharing : Collusion in Experimental Markets

    NARCIS (Netherlands)

    Dijkstra, Peter T.

    2014-01-01

    We consider experimental markets of repeated homogeneous price-setting duopolies. We investigate the effect on collusion of sequential versus simultaneous price setting. We also examine the effect on collusion of changes in the size of each subject's market share in case both subjects set the same

  13. 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.

  14. Strategic market segmentation

    Directory of Open Access Journals (Sweden)

    Maričić Branko R.

    2015-01-01

    Full Text Available Strategic planning of marketing activities is the basis of business success in modern business environment. Customers are not homogenous in their preferences and expectations. Formulating an adequate marketing strategy, focused on realization of company's strategic objectives, requires segmented approach to the market that appreciates differences in expectations and preferences of customers. One of significant activities in strategic planning of marketing activities is market segmentation. Strategic planning imposes a need to plan marketing activities according to strategically important segments on the long term basis. At the same time, there is a need to revise and adapt marketing activities on the short term basis. There are number of criteria based on which market segmentation is performed. The paper will consider effectiveness and efficiency of different market segmentation criteria based on empirical research of customer expectations and preferences. The analysis will include traditional criteria and criteria based on behavioral model. The research implications will be analyzed from the perspective of selection of the most adequate market segmentation criteria in strategic planning of marketing activities.

  15. Multifractal analysis of the Korean agricultural market

    Science.gov (United States)

    Kim, Hongseok; Oh, Gabjin; Kim, Seunghwan

    2011-11-01

    We have studied the long-term memory effects of the Korean agricultural market using the detrended fluctuation analysis (DFA) method. In general, the return time series of various financial data, including stock indices, foreign exchange rates, and commodity prices, are uncorrelated in time, while the volatility time series are strongly correlated. However, we found that the return time series of Korean agricultural commodity prices are anti-correlated in time, while the volatility time series are correlated. The n-point correlations of time series were also examined, and it was found that a multifractal structure exists in Korean agricultural market prices.

  16. 17 CFR 140.91 - Delegation of authority to the Director of the Division of Trading and Markets.

    Science.gov (United States)

    2010-04-01

    ... Director of the Division of Trading and Markets. 140.91 Section 140.91 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION ORGANIZATION, FUNCTIONS, AND PROCEDURES OF THE COMMISSION Functions § 140.91 Delegation of authority to the Director of the Division of Trading and Markets. (a) The...

  17. 17 CFR 240.15g-2 - Penny stock disclosure document relating to the penny stock market.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Penny stock disclosure document relating to the penny stock market. 240.15g-2 Section 240.15g-2 Commodity and Securities Exchanges... Section 15(d) of the Act § 240.15g-2 Penny stock disclosure document relating to the penny stock market...

  18. Why does Colombia lack agricultural commodity futures?

    Directory of Open Access Journals (Sweden)

    Pablo Moreno-Alemay

    2015-11-01

    Full Text Available This article explores the reasons why futures contracts are not traded as an alternative to price hedging for agricultural goods in Colombia. Based on surveys, interviews and statistical analysis, this study identified that conceptual gaps in contract negotiation, lack of consensus in the agricultural sector regarding the use of financial mechanisms and the sector’s infrequent contact with Colombia’s financial institutions, are the main reasons why a futures contracts market has not emerged.

  19. Does the commodities boom support the export led growth hypothesis? Evidence from Latin American countries

    National Research Council Canada - National Science Library

    Kristjanpoller, Werner; Olson, Josephine E; Salazar, Rodolfo I

    2016-01-01

    Commodity prices are characterized by boom and bust cycles. In this article, the impact of the commodity boom of the 2000s on Latin American and Caribbean economies is studied by analyzing four categories of commodity exports...

  20. 77 FR 59840 - Statutory Amendments Affecting Transportation of Agricultural Commodities and Farm Supplies

    Science.gov (United States)

    2012-10-01

    ... Transportation of Agricultural Commodities and Farm Supplies AGENCY: Federal Motor Carrier Safety Administration...-service regulations for certain carriers transporting agricultural commodities and farm supplies and... commercial motor vehicle (CMV) drivers engaged in the transportation of agricultural commodities and farm...

  1. 75 FR 25832 - Commodity Credit Corporation Information Collection; Noninsured Crop Disaster Assistance Program

    Science.gov (United States)

    2010-05-10

    ... Farm Service Agency Commodity Credit Corporation Information Collection; Noninsured Crop Disaster Assistance Program AGENCY: Farm Service Agency and Commodity Credit Corporation and, USDA. ACTION: Notice... Agency and the Commodity Credit Corporation are seeking comments from all interested individuals and...

  2. Genetic Homogenization of Composite Materials

    Directory of Open Access Journals (Sweden)

    P. Tobola

    2009-04-01

    Full Text Available The paper is focused on numerical studies of electromagnetic properties of composite materials used for the construction of small airplanes. Discussions concentrate on the genetic homogenization of composite layers and composite layers with a slot. The homogenization is aimed to reduce CPU-time demands of EMC computational models of electrically large airplanes. First, a methodology of creating a 3-dimensional numerical model of a composite material in CST Microwave Studio is proposed focusing on a sufficient accuracy of the model. Second, a proper implementation of a genetic optimization in Matlab is discussed. Third, an association of the optimization script and a simplified 2-dimensional model of the homogeneous equivalent model in Comsol Multiphysics is proposed considering EMC issues. Results of computations are experimentally verified.

  3. 7 CFR 27.11 - Area Director, Marketing Services Office; responsibility.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 2 2010-01-01 2010-01-01 false Area Director, Marketing Services Office... MARKETING SERVICE (Standards, Inspections, Marketing Practices), DEPARTMENT OF AGRICULTURE COMMODITY... Regulations Administration § 27.11 Area Director, Marketing Services Office; responsibility. Subject to this...

  4. 22 CFR 211.4 - Availability and shipment of commodities.

    Science.gov (United States)

    2010-04-01

    ... United States will finance the transfer of commodities at the lowest combination inland and ocean... must be submitted with requests for reimbursement. (e) Shipping instructions—(1) Shipments booked by A...

  5. 22 CFR 201.31 - Suppliers of commodities.

    Science.gov (United States)

    2010-04-01

    ..., tag or other means, depending upon the type of commodity or export packaging and the nature of the... shipping documents. The supplier shall make the customary commercial document distribution, as well as any...

  6. 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.

  7. [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.

  8. 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

  9. Upon Further Review: A Commodity Chemist on Green Chemistry

    Science.gov (United States)

    Carroll, William F.

    2016-09-01

    Green chemistry is most often thought of in the context of specialty or pharmaceutical chemicals where many synthetic chemistry approaches are in play. However, principles similar to those of green chemistry and engineering were employed over the years in reducing cost and increasing volume of chemicals that became commodities. This paper considers some of those principles, their impact, and some perspectives on the potential and limits associated with green chemistry for commodity chemicals.

  10. 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.

  11. Managing commodity risks in highway contracts : quantifying premiums, accounting for correlations among risk factors, and designing optimal price-adjustment contracts.

    Science.gov (United States)

    2011-09-01

    It is a well-known fact that macro-economic conditions, such as prices of commodities (e.g. oil, : cement and steel) affect the cost of construction projects. In a volatile market environment, highway : agencies often pass such risk to contractors us...

  12. Monitoring Particulate Matter with Commodity Hardware

    Science.gov (United States)

    Holstius, David

    correlation with 1h data from a Federal Equivalent Method (FEM) beta-attenuation data, prototype instruments performed as well as commercially available equipment costing considerably more, and as well as another reference instrument under similar conditions at the same timescale (R2 = 0.6). Correlations were stronger when 24 h integrating times were used instead (R2 = 0.72). Chapter 4 replicates and extends the results of Chapter 3, showing that similar calibrations may be reasonably exchangeable between near-roadway and background monitoring sites. Chapter 4 also employs triplicate sensors to obtain data consistent with near-field (transfer of calibrations between two sufficiently large sets (+/- 10 % for n = 12). These findings suggest that datasets generated with similar sensors could also improve upstream scientific understandings of fluxes resulting from indoor and outdoor emissions, atmospheric transformations, and transport, and may also facilitate timely and empirical verification of interventions to reduce emissions and exposures, in many important contexts (e.g., the provision of improved cookstoves; congestion pricing; mitigation policies attached to infill development; etc.). They also demonstrate that calibrations against continuous reference monitoring equipment could be remotely transferred, within practical tolerances, to reasonably sized and adequately resourced participatory monitoring campaigns, with minimal risk of disruption to existing monitoring infrastructure (i.e., established monitoring sites). Given a collaborator with a short window of access to a reference monitoring site, this would overcome a nominally important barrier associated with non-gravimetric, in-situ calibration of continuous PM2.5 monitors. Progressive and disruptive prospects linked to a proliferation of comparable sensing technologies based on commodity hardware are discussed in Chapter 5.

  13. The competition in the electric power market: an institutional complex construction; A competicao no mercado eletrico: uma complexa construcao institucional

    Energy Technology Data Exchange (ETDEWEB)

    Bicalho, Ronaldo

    2007-07-01

    This analysis take into consideration the following aspects: the introduction of competition in the electric power market; the ideal and the real in electric power sector; the trade-off between competition and coordination; the specificities of the commodity electric power and his demand; the electric power - a contract market; a special future market - the electric power market; the bilateral relationship in the electric power market; non-stockpile of the commodity; volatile characteristic of the commodity: interdependency of the agents and volatile characteristic; volatile characteristics and institutions; the electric power market - an institutional construction; the risks management and a competition in a market of very particular commodity; competition, autonomy, and exceeding capacity; the reformulation diversity; and the reformulation future.

  14. 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

  15. 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

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

    Directory of Open Access Journals (Sweden)

    Marijn van Wingerden

    Full Text Available 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

  17. 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

  18. Geometry of Homogeneous Bounded Domains

    CERN Document Server

    Vesentini, E

    2011-01-01

    This title includes: S.G. Gindikin, I.I. Pjateckii-Sapiro, E.B. Vinberg: Homogeneous Kahler manifolds; S.G. Greenfield: Extendibility properties of real submanifolds of Cn; W. Kaup: Holomorphische Abbildungen in Hyperbolische Raume; A. Koranyi: Holomorphic and harmonic functions on bounded symmetric domains; J.L. Koszul: Formes harmoniques vectorielles sur les espaces localement symetriques; S. Murakami: Plongements holomorphes de domaines symetriques; and E.M. Stein: The analogues of Fatous' theorem and estimates for maximal functions.

  19. 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

  20. Transport of solid commodities via freight pipeline: demand analysis methodology. Volume IV. First year final report

    Energy Technology Data Exchange (ETDEWEB)

    Allen, W.B.; Plaut, T.

    1976-07-01

    In order to determine the feasibility of intercity freight pipelines, it was necessary to determine whether sufficient traffic flows currently exist between various origins and destinations to justify consideration of a mode whose operating characteristics became competitive under conditions of high-traffic volume. An intercity origin/destination freight-flow matrix was developed for a large range of commodities from published sources. A high-freight traffic-density corridor between Chicago and New York and another between St. Louis and New York were studied. These corridors, which represented 18 cities, had single-direction flows of 16 million tons/year. If trans-shipment were allowed at each of the 18 cities, flows of up to 38 million tons/year were found in each direction. These figures did not include mineral or agricultural products. After determining that such pipeline-eligible freight-traffic volumes existed, the next step was to determine the ability of freight pipeline to penetrate such markets. Modal-split models were run on aggregate data from the 1967 Census of Transportation. Modal-split models were also run on disaggregate data specially collected for this study. The freight pipeline service characteristics were then substituted into both the aggregate and disaggregate models (truck vs. pipeline and then rail vs. pipeline) and estimates of pipeline penetration into particular STCC commodity groups were made. Based on these very preliminary results, it appears that freight pipeline has market penetration potential that is consistent with high-volume participation in the intercity freight market.

  1. 76 FR 4569 - Implementing the Whistleblower Provisions of Section 23 of the Commodity Exchange Act

    Science.gov (United States)

    2011-01-26

    ... the Commodity Exchange Act Correction In proposed rule document 2010-29022, beginning on page 75728 in... From the Federal Register Online via the Government Publishing Office COMMODITY FUTURES TRADING... Part II, the agency name ``Commodity Futures Trading Corporation'' should read ``Commodity Futures...

  2. Social Evolution: The Force of the Market.

    Science.gov (United States)

    Macfarlan, Shane J

    2016-08-22

    Biological market forces shape patterns of cooperation typical of small-scale human societies that are organized by division of labor based on age and gender. Labor specialization promotes trade, while supply and demand affect the amount individuals exchange for commodities. Copyright © 2016 Elsevier Ltd. All rights reserved.

  3. RISK MANAGEMENT IN AGRICULTURAL MARKETS: A SURVEY

    OpenAIRE

    Tomek, William G.; Peterson, Hikaru Hanawa

    2000-01-01

    This paper surveys and evaluates the current state of knowledge about marketing strategies to manage price and revenue risk for farm commodities. What does existing research tell about the benefits and costs of alternative risk management strategies? What are the limitations of this research? What are the gaps in our knowledge?

  4. 77 FR 29473 - Market Access Program

    Science.gov (United States)

    2012-05-17

    ... Access Program; Final Rule #0;#0;Federal Register / Vol. 77 , No. 96 / Thursday, May 17, 2012 / Rules and... Market Access Program AGENCY: Foreign Agricultural Service and Commodity Credit Corporation, USDA. ACTION... Access Program (MAP) by updating and merging the application requirements and the activity plan...

  5. 77 FR 41885 - Market Access Program

    Science.gov (United States)

    2012-07-17

    ... Corporation 7 CFR Part 1485 Market Access Program AGENCY: Foreign Agricultural Service and Commodity Credit... Trade Programs, Program Operations Division; or by phone: (202) 720- 4327; or by fax: (202) 720-9361; or... submitted later than 3 months after the end of a MAP Participant's program year. At any given time, total...

  6. 76 FR 7975 - Commodity Pool Operators and Commodity Trading Advisors: Amendments to Compliance Obligations

    Science.gov (United States)

    2011-02-11

    ... financial regulators tasked with overseeing the financial integrity of the economy. Through the collection... implications. Finally, the Commission is proposing to collect information regarding a pool's subscriptions and...-level information, pool performance, pool subscriptions and redemptions, and the market value of pool...

  7. A Model for Trading the Foreign Exchange Market

    African Journals Online (AJOL)

    PROF. OLIVER OSUAGWA

    Keywords: FOREX, marcov chain, model, neural network, trading robot. Introduction. Electronic currency trading in the. Foreign Exchange (FOREX or FX) market is now a very popular activity. FOREX is the single largest market in the world accessible to anyone. Its volumes are greater than all stock, commodities and debt.

  8. Sustainability of Marketing Food Crops through the Internet in Lagos ...

    African Journals Online (AJOL)

    abdulaphyz

    commerce for marketing and purchasing of agricultural commodities. This study assessed continued success of communicating food crops through the. Internet and by extension e-commerce (virtual retail stores). This becomes imperative .... If sellers and consumers' intention to make use of the Internet for marketing or ...

  9. Profitability Analysis of Rice Processing and Marketing in Kano State ...

    African Journals Online (AJOL)

    ABSTRACT: The study determined the profitability of rice processing and marketing in Kano. State. The objective of the study was to assess the profitability levels of rice processing and marketing, evaluate the value added to the commodity at each stage in the study area and determine the most efficient services produce.

  10. 77 FR 35944 - Renewal of the Global Markets Advisory Committee

    Science.gov (United States)

    2012-06-15

    ... determine how it can avoid unnecessary regulatory or operational impediments to global business while still... COMMISSION Renewal of the Global Markets Advisory Committee AGENCY: Commodity Futures Trading Commission... has determined to renew the charter of its Global Markets Advisory Committee. FOR FURTHER INFORMATION...

  11. 75 FR 33788 - Renewal of the Global Markets Advisory Committee

    Science.gov (United States)

    2010-06-15

    ... operational impediments to global business while still preserving core protections for customers and other... COMMISSION Renewal of the Global Markets Advisory Committee AGENCY: Commodity Futures Trading Commission... has determined to renew the charter of its Global Markets Advisory Committee. FOR FURTHER INFORMATION...

  12. Cooperatives as Marketers of Branded Products

    OpenAIRE

    Hardesty, Shermain D.

    2005-01-01

    Few agricultural marketing cooperatives have nationally prominent brand names. Instead, they tend to concentrate in commodity-oriented markets, which can be attributed to the cooperative principles—user-benefit, user-financed and user-control. However, these structural disadvantages can be overcome. Due to the user-benefit principle, cooperatives often have seasonal product availability and/or limited product lines; they also suffer from the horizon problem, lacking the structure to provide ...

  13. Marketing; Il marketing

    Energy Technology Data Exchange (ETDEWEB)

    Muscigna, M. [ENEA, Centro Ricerche Casaccia, S. Maria di Galeria, RM (Italy). Dipt. Innovazione

    1999-07-01

    The report discusses marketing strategies oriented to the organizations and analyzes its critical factors, which determine the success of the organization activity. [Italian] Il rapporto analizza i caratteri delle strategie del marketing orientato all'impresa. Vengono infine analizzati i fattori critici che determinano il successo o l'insuccesso delle scelte aziendali.

  14. Ethanol, Corn, and Soybean Price Relations in a Volatile Vehicle-Fuels Market

    Directory of Open Access Journals (Sweden)

    Cesar Escalante

    2009-06-01

    Full Text Available The rapid upward shift in ethanol demand has raised concerns about ethanol’s impact on the price level and volatility of agricultural commodities. The popular press attributes much of this volatility in commodity prices to a price bubble in ethanol fuel and recent deflation. Market economics predicts not only a softening of demand to high commodity prices but also a positive supply response. This volatility in ethanol and commodity prices are investigated using cointegration, vector error corrections (VECM, and multivariate generalized autoregressive conditional heteroskedascity (MGARCH models. In terms of derived demand theory, results support ethanol and oil demands as derived demands from vehicle-fuel production. Gasoline prices directly influence the prices of ethanol and oil. However, of greater significance for the fuel versus food security issue, results support the effect of agricultural commodity prices as market signals which restore commodity markets to their equilibriums after a demand or supply event (shock. Such shocks may in the short-run increase agricultural commodity prices, but decentralized freely operating markets will mitigate the persistence of these shocks. Results indicate in recent years there are no long-run relations among fuel (ethanol, oil and gasoline prices and agricultural commodity (corn and soybean prices.

  15. Role of Market Areas in Enterprise Choice: The Case of the ...

    African Journals Online (AJOL)

    In the analysis, locational price relationships were determined using spatial price equilibrium models. It determines the optimum or least cost trading patterns given the distances, transfer costs and the commodity produced in each region. The commodity market boundaries were reached when transfer costs per unit per ...

  16. 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

  17. O livro didático como mercadoria The textbook as commodity

    Directory of Open Access Journals (Sweden)

    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.

  18. Historical global statistics for mineral and material commodities

    Science.gov (United States)

    Matos, Grecia R.; Miller, Lisa D.; Barry, James J.; Matos, Grecia R.

    2015-01-01

    The U.S. Geological Survey (USGS) provides information on the current use and flow of minerals and mineral-based materials in the U.S. and world economies. This Data Series report on “Historical Global Statistics for Mineral and Material Commodities” contains information on the production of selected commodities from 1990 to the most current year. The data may be used in the analysis of socioeconomic developments and trends and in the study of environmental issues associated with the extraction and processing of the selected commodities.

  19. Homogenization in chemical reactive flows

    Directory of Open Access Journals (Sweden)

    Carlos Conca

    2004-03-01

    Full Text Available This paper concerns the homogenization of two nonlinear models for chemical reactive flows through the exterior of a domain containing periodically distributed reactive solid grains (or reactive obstacles. In the first model, the chemical reactions take place on the walls of the grains, while in the second one the fluid penetrates the grains and the reactions take place therein. The effective behavior of these reactive flows is described by a new elliptic boundary-value problem containing an extra zero-order term which captures the effect of the chemical reactions.

  20. 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.

  1. Characteristic periodicities of collective behavior at the foreign exchange market

    Science.gov (United States)

    Sato, A.-H.; Hołyst, J. A.

    2008-04-01

    As the result of empirical investigations into the foreign exchange market a group structure of characteristic periodic decisions of market participants is found. In order to explain this finding at the microscopic level the agent-based model of a financial market in which N market participants trade M financial commodities is considered. If different sources of periodic information exist then the relationship among these characteristic periodic behaviors may be associated with a special structure where market participants perceive such information in the foreign exchange market.

  2. Optimizing homogenization by chaotic unmixing?

    Science.gov (United States)

    Weijs, Joost; Bartolo, Denis

    2016-11-01

    A number of industrial processes rely on the homogeneous dispersion of non-brownian particles in a viscous fluid. An ideal mixing would yield a so-called hyperuniform particle distribution. Such configurations are characterized by density fluctuations that grow slower than the standard √{ N}-fluctuations. Even though such distributions have been found in several natural structures, e.g. retina receptors in birds, they have remained out of experimental reach until very recently. Over the last 5 years independent experiments and numerical simulations have shown that periodically driven suspensions can self-assemble hyperuniformally. Simple as the recipe may be, it has one important disadvantage. The emergence of hyperuniform states co-occurs with a critical phase transition from reversible to non reversible particle dynamics. As a consequence the homogenization dynamics occurs over a time that diverges with the system size (critical slowing down). Here, we discuss how this process can be sped up by exploiting the stirring properties of chaotic advection. Among the questions that we answer are: What are the physical mechanisms in a chaotic flow that are relevant for hyperuniformity? How can we tune the flow parameters such to obtain optimal hyperuniformity in the fastest way? JW acknowledges funding by NWO (Netherlands Organisation for Scientific Research) through a Rubicon Grant.

  3. ISOTOPE METHODS IN HOMOGENEOUS CATALYSIS.

    Energy Technology Data Exchange (ETDEWEB)

    BULLOCK,R.M.; BENDER,B.R.

    2000-12-01

    The use of isotope labels has had a fundamentally important role in the determination of mechanisms of homogeneously catalyzed reactions. Mechanistic data is valuable since it can assist in the design and rational improvement of homogeneous catalysts. There are several ways to use isotopes in mechanistic chemistry. Isotopes can be introduced into controlled experiments and followed where they go or don't go; in this way, Libby, Calvin, Taube and others used isotopes to elucidate mechanistic pathways for very different, yet important chemistries. Another important isotope method is the study of kinetic isotope effects (KIEs) and equilibrium isotope effect (EIEs). Here the mere observation of where a label winds up is no longer enough - what matters is how much slower (or faster) a labeled molecule reacts than the unlabeled material. The most careti studies essentially involve the measurement of isotope fractionation between a reference ground state and the transition state. Thus kinetic isotope effects provide unique data unavailable from other methods, since information about the transition state of a reaction is obtained. Because getting an experimental glimpse of transition states is really tantamount to understanding catalysis, kinetic isotope effects are very powerful.

  4. Homogenization scheme for acoustic metamaterials

    KAUST Repository

    Yang, Min

    2014-02-26

    We present a homogenization scheme for acoustic metamaterials that is based on reproducing the lowest orders of scattering amplitudes from a finite volume of metamaterials. This approach is noted to differ significantly from that of coherent potential approximation, which is based on adjusting the effective-medium parameters to minimize scatterings in the long-wavelength limit. With the aid of metamaterials’ eigenstates, the effective parameters, such as mass density and elastic modulus can be obtained by matching the surface responses of a metamaterial\\'s structural unit cell with a piece of homogenized material. From the Green\\'s theorem applied to the exterior domain problem, matching the surface responses is noted to be the same as reproducing the scattering amplitudes. We verify our scheme by applying it to three different examples: a layered lattice, a two-dimensional hexagonal lattice, and a decorated-membrane system. It is shown that the predicted characteristics and wave fields agree almost exactly with numerical simulations and experiments and the scheme\\'s validity is constrained by the number of dominant surface multipoles instead of the usual long-wavelength assumption. In particular, the validity extends to the full band in one dimension and to regimes near the boundaries of the Brillouin zone in two dimensions.

  5. ADVERTISING AGENCY MARKETING MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Denis Kislov, Yevgenia Horobei

    2015-11-01

    assurance director or manager, who would be responsible for the standards of client service quality. According to the monitoring results, agencies begin to form their own marketing strategies, for the implementation of which marketing budgets are allocated, which will facilitate the search for new customers. Relevance/originality. Based on the received data, further development of the advertising market may be determined by the development of other commodity markets, and first of all – by an increased volume of the consumer goods market.

  6. 7 CFR 1499.8 - Entry and handling of commodities.

    Science.gov (United States)

    2010-01-01

    ... participant shall arrange with the government of the targeted country that all donated commodities to be distributed will be imported and distributed free from all customs, duties, tolls, and taxes. A participant is encouraged to make similar arrangements, where possible, with the government of the country where donated...

  7. 7 CFR 1599.8 - Entry and handling of commodities.

    Science.gov (United States)

    2010-01-01

    ... participant shall arrange with the government of the targeted country that all donated commodities to be distributed will be imported and distributed free from all customs, duties, tolls, and taxes. A participant is encouraged to make similar arrangements, where possible, with the government of the country where donated...

  8. 22 CFR 201.63 - Maximum prices for commodities.

    Science.gov (United States)

    2010-04-01

    ... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Maximum prices for commodities. 201.63 Section 201.63 Foreign Relations AGENCY FOR INTERNATIONAL DEVELOPMENT RULES AND PROCEDURES APPLICABLE TO... producer. The purchase price shall not exceed a price established in accordance with the customary pricing...

  9. 7 CFR 1427.22 - Commodity certificate exchanges.

    Science.gov (United States)

    2010-01-01

    ... ending with the 2009 crop and will not be available for subsequent crops. (b) The exchange rate is the lesser of: (1) The loan rate and charges, plus interest applicable to the loan, or (2) The adjusted world... 7 Agriculture 10 2010-01-01 2010-01-01 false Commodity certificate exchanges. 1427.22 Section 1427...

  10. 31 CFR 560.526 - Commodities trading and related transactions.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false Commodities trading and related transactions. 560.526 Section 560.526 Money and Finance: Treasury Regulations Relating to Money and Finance... Iranian-origin goods, or transactions incidental to such trading, where: (1) No party to the transaction...

  11. Making the Most of Commodities Program (sub-Saharan Africa ...

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

    On the other hand, they pose a significant threat to governance, macroeconomic management, industrial development, the environment and the sociopolitical fabric. Sub-Saharan Africa needs to develop a strategic response to the boom in commodities prices, which has already been more long-lived and less volatile than ...

  12. 1997 economic census : transportation : 1997 commodity flow survey : West Virginia

    Science.gov (United States)

    1999-12-01

    The 1997 Commodity Flow Survey (CFS) is undertaken through a partnership between the Bureau of the Census, U.S. Department of Commerce, and the Bureau of Transportation Statistics, U.S. Department of Transportation. This survey produces data on the m...

  13. 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.

  14. Figuring Home: The Role of Commodities in the Transnational Experience

    Science.gov (United States)

    Penman, Christine; Omar, Maktoba

    2011-01-01

    This article proposes to investigate the role played by material goods in the transnational experience. Previous research has shown that the movement of people across the world comes with a corollary of cultural flows which find their expression in multiple ways. This article looks more specifically at the kind of commodities that international…

  15. 7 CFR 251.4 - Availability of commodities.

    Science.gov (United States)

    2010-01-01

    ... Agriculture Regulations of the Department of Agriculture (Continued) FOOD AND NUTRITION SERVICE, DEPARTMENT OF... cost or waste, nutrition assistance to individuals in low-income groups. Such transfers will be... distribution of such commodities. Such advisory boards can provide valuable advice on how resources should be...

  16. 'Black Pain is a White Commodity': Moving beyond postcolonial ...

    African Journals Online (AJOL)

    The slogan 'Black Pain is a White Commodity' in the #MustFall campaigns is critically analysed within the framework of postcolonial theory and imperialistic power categories. The basic hypothesis of the article is that in early Christianity, pantokrator images of God were influenced by iconography stemming mostly from the ...

  17. Value chain analyses of selected commodities and strategies of the ...

    African Journals Online (AJOL)

    Arising from the recurring under-performing nature of the Nigeria's Agriculture sector, the present administration of President Goodluck Ebele Jonathan introduced an ambitious Agricultural Transformation Agenda (ATA) which aims at achieving a hunger free Nigeria through assorted thematic strategies, involving commodity ...

  18. 76 FR 16394 - Analysis of Horizontal Market Power Under the Federal Power Act

    Science.gov (United States)

    2011-03-23

    ... for commodities with low demand price- responsiveness, like electricity, than in markets with high... this regard, we note that there are fundamental differences between the Commission's process and that...

  19. Biological trade and markets.

    Science.gov (United States)

    Hammerstein, Peter; Noë, Ronald

    2016-02-05

    Cooperation between organisms can often be understood, like trade between merchants, as a mutually beneficial exchange of services, resources or other 'commodities'. Mutual benefits alone, however, are not sufficient to explain the evolution of trade-based cooperation. First, organisms may reject a particular trade if another partner offers a better deal. Second, while human trade often entails binding contracts, non-human trade requires unwritten 'terms of contract' that 'self-stabilize' trade and prevent cheating even if all traders strive to maximize fitness. Whenever trading partners can be chosen, market-like situations arise in nature that biologists studying cooperation need to account for. The mere possibility of exerting partner choice stabilizes many forms of otherwise cheatable trade, induces competition, facilitates the evolution of specialization and often leads to intricate forms of cooperation. We discuss selected examples to illustrate these general points and review basic conceptual approaches that are important in the theory of biological trade and markets. Comparing these approaches with theory in economics, it turns out that conventional models-often called 'Walrasian' markets-are of limited relevance to biology. In contrast, early approaches to trade and markets, as found in the works of Ricardo and Cournot, contain elements of thought that have inspired useful models in biology. For example, the concept of comparative advantage has biological applications in trade, signalling and ecological competition. We also see convergence between post-Walrasian economics and biological markets. For example, both economists and biologists are studying 'principal-agent' problems with principals offering jobs to agents without being sure that the agents will do a proper job. Finally, we show that mating markets have many peculiarities not shared with conventional economic markets. Ideas from economics are useful for biologists studying cooperation but need

  20. Renewable chemical commodity feedstocks from integrated catalytic processing of pyrolysis oils.

    Science.gov (United States)

    Vispute, Tushar P; Zhang, Huiyan; Sanna, Aimaro; Xiao, Rui; Huber, George W

    2010-11-26

    Fast pyrolysis of lignocellulosic biomass produces a renewable liquid fuel called pyrolysis oil that is the cheapest liquid fuel produced from biomass today. Here we show that pyrolysis oils can be converted into industrial commodity chemical feedstocks using an integrated catalytic approach that combines hydroprocessing with zeolite catalysis. The hydroprocessing increases the intrinsic hydrogen content of the pyrolysis oil, producing polyols and alcohols. The zeolite catalyst then converts these hydrogenated products into light olefins and aromatic hydrocarbons in a yield as much as three times higher than that produced with the pure pyrolysis oil. The yield of aromatic hydrocarbons and light olefins from the biomass conversion over zeolite is proportional to the intrinsic amount of hydrogen added to the biomass feedstock during hydroprocessing. The total product yield can be adjusted depending on market values of the chemical feedstocks and the relative prices of the hydrogen and biomass.

  1. Influence of Foreign Direct Investments on Commodity Exchange of the Republic of Croatia

    Directory of Open Access Journals (Sweden)

    Goran Marijanović

    2009-12-01

    Full Text Available Almost all countries of the world try to ensure accelerated development of their economies with the help of foreign direct investments. Since the foreign direct investments, in addition to capital, potentially ensure the transfer of contemporary technology, management and marketing knowledge and skills respectively, they can be a signifcant growth factor of competitive abilities of national economies and involvement of countries into international exchange. Trough the RCA method and “Trade Overlap” index, this paper analyzes the infuence of foreign direct investments on the comparative advantages and specialization degree in international commodity exchange for the selected group of transition countries and the Republic of Croatia. The paper tries to determine how much the foreign direct investments have infuenced the structure change of the foreign trade exchange and whether they have contributed to export growth of more complex groups of products in the observed period.

  2. A Future beyond HIV/AIDS? Health as a Political Commodity in Botswana

    Directory of Open Access Journals (Sweden)

    Astrid Bochow

    2015-01-01

    Full Text Available Referencing scholarly debates on humanitarianism and specifically HIV interventions, this article analyses the commodification of health in Botswana’s political arena throughout the HIV pandemic and beyond, contributing to a re-evaluation of the distribution of public wealth and international support in welfare states in Africa. The starting point of the analysis is a project to build a private hospital – a move to create a centre of excellence exclusive of international HIV/AIDS donations – and the staging of political responsibilities around it. Public investment into private health is an attempt to reform infrastructures built with HIV/AIDS money and to develop a market of high-paying jobs within the country. This process transforms the inalienable and indivisible condition of health and survival into a political commodity.

  3. 17 CFR 200.19a - Director of the Division of Trading and Markets.

    Science.gov (United States)

    2010-04-01

    ... Trading and Markets. 200.19a Section 200.19a Commodity and Securities Exchanges SECURITIES AND EXCHANGE... General Organization § 200.19a Director of the Division of Trading and Markets. The Director of the Division of Trading and Markets is responsible to the Commission for the administration and execution of...

  4. ROLE OF INNOVATIONS IN THE PROVISION OF MARKETING ACTIVITY IN SERVICE ENTITIES

    Directory of Open Access Journals (Sweden)

    Timur A. Tultaev

    2013-01-01

    Full Text Available In the modern world innovation is one of the key factors determining the economic prospects of enterprises development, commodity markets, sectors of the economy and the state generally. The complete implementation of innovative technologies in marketing communicative policy of intangible enterprises contributes to the effective promotion of their services on the market and building a loyal consumer audience.

  5. Emerging Markets for Renewable Energy Certificates: Opportunities and Challenges

    Energy Technology Data Exchange (ETDEWEB)

    Holt, E.; Bird, L.

    2005-01-01

    Renewable energy certificates (RECs) represent the attributes of electricity generated from renewable energy sources. These attributes are unbundled from the physical electricity, and the two products-the attributes embodied in the certificates and the commodity electricity-may be sold or traded separately. RECs are quickly becoming the currency of renewable energy markets because of their flexibility and the fact that they are not subject to the geographic and physical limitations of commodity electricity. RECs are currently used by utilities and marketers to supply renewable energy products to end-use customers as well as to demonstrate compliance with regulatory requirements, such as renewable energy mandates. The purpose of this report is to describe and analyze the emerging market for renewable energy certificates. It describes how RECs are marketed, examines RECs markets including scope and prices, and identifies and describes the key challenges facing the growth and success of RECs markets.

  6. 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.

  7. Traffic planning for non-homogeneous traffic

    Indian Academy of Sciences (India)

    These vehicles have widely different static and dynamic characteristics. The traffic is also very different from homogeneous traffic which primarily consists of motorized vehicles. Homogeneous traffic follows strict lane discipline as compared to non-homogeneous traffic. Western traffic planning methodologies mostly address ...

  8. Marketing and population problems.

    Science.gov (United States)

    Farley, J U; Leavitt, H J

    1971-07-01

    There are many elements in population programs that are more familiar to marketing men than to some population experts. Advertising is essential to reach the target population, and advertising evaluation techniques (e.g., surrogate indexes or audience measures) might be useful for evaluating both population information activities and the import of the entire program. Fundamental research on basid demand for fertility control is needed and a marketer's experience with planning and evaluating test markets can be useful in assessing potential selling targets and evaluating alternative promotional and distributional strategies. Special family planning clinics have certain disadvantages: expensive and scarce personnel are needed; red tape may be present; the network is based on the assumption that the client is willing to travel relatively great distances repeatedly; and clinics lack anonymity which may scare potential acceptors away. Most developing cultures have an intensively functioning distribution structure which delivers basic commodities to the most remote areas, providing relatively anonymous outlets that are physically close to the customs. Materials requiring a prescription might be distributed in exchange for script issued at and ultimately redeemed by clinics, this requiring only an occasional visit to a clinic. Mail-order service can be used to supplement a clinic's distribution of some contraceptives. It should be remembered that population administrators often have an antipathetic view toward business and marketing and "suspect" the profit motive.

  9. Projective duality and homogeneous spaces

    CERN Document Server

    Tevelev, E A

    2006-01-01

    Projective duality is a very classical notion naturally arising in various areas of mathematics, such as algebraic and differential geometry, combinatorics, topology, analytical mechanics, and invariant theory, and the results in this field were until now scattered across the literature. Thus the appearance of a book specifically devoted to projective duality is a long-awaited and welcome event. Projective Duality and Homogeneous Spaces covers a vast and diverse range of topics in the field of dual varieties, ranging from differential geometry to Mori theory and from topology to the theory of algebras. It gives a very readable and thorough account and the presentation of the material is clear and convincing. For the most part of the book the only prerequisites are basic algebra and algebraic geometry. This book will be of great interest to graduate and postgraduate students as well as professional mathematicians working in algebra, geometry and analysis.

  10. Cooperation with Commodity Groups and Hands-On Demonstrations Improve the Effectiveness of Commodity-Focused Educational Programs

    Science.gov (United States)

    Kandel, Herman J.; Ransom, Joel K.; Torgerson, David A.; Wiersma, Jochum J.

    2010-01-01

    Wheat and soybean producers pay a small amount per bushel produced as a check-off. Funds are used for research, outreach, and crop promotion. Commodity organizations and Extension joined forces to develop multi-state educational outreach on spring wheat and soybean production. Participatory planning involved producers in developing these…

  11. [Physiotherapeutic care marketing research: current state-of-the art].

    Science.gov (United States)

    Babaskin, D V

    2011-01-01

    Successful introduction of modern technologies into the national health care systems strongly depends on the current pharmaceutical market situation. The present article is focused on the peculiarities of marketing research with special reference to physiotherapeutic services and commodities. Analysis of the structure and sequence of marketing research processes is described along with the methods applied for the purpose including their support by the use of Internet resources and technologies.

  12. 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

  13. 7 CFR 58.920 - Homogenization.

    Science.gov (United States)

    2010-01-01

    ... Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (Standards, Inspections, Marketing Practices), DEPARTMENT OF AGRICULTURE (CONTINUED) REGULATIONS AND STANDARDS UNDER THE AGRICULTURAL MARKETING ACT OF 1946 AND THE EGG PRODUCTS INSPECTION ACT (CONTINUED) GRADING AND INSPECTION...

  14. 7 CFR 58.636 - Homogenization.

    Science.gov (United States)

    2010-01-01

    ... Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (Standards, Inspections, Marketing Practices), DEPARTMENT OF AGRICULTURE (CONTINUED) REGULATIONS AND STANDARDS UNDER THE AGRICULTURAL MARKETING ACT OF 1946 AND THE EGG PRODUCTS INSPECTION ACT (CONTINUED) GRADING AND INSPECTION...

  15. Market, Regulation, Market, Regulation

    DEFF Research Database (Denmark)

    Frankel, Christian; Galland, Jean-Pierre

    2015-01-01

    This paper focuses on the European Regulatory system which was settled both for opening the Single Market for products and ensuring the consumers' safety. It claims that the New Approach and Standardization, and the Global Approach to conformity assessment, which suppressed the last technical...... barriers to trade in Europe, realized the free movement of products by organizing progressively several orders of markets and regulation. Based on historical and institutional documents, on technical publications, and on interviews, this article relates how the European Commission and the Member States had...... alternatively recourse to markets and to regulations, at the three main levels of the New Approach Directives implementation. The article focuses also more specifically on the Medical Devices sector, not only because this New Approach sector has long been controversial in Europe, and has recently been concerned...

  16. 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.

  17. Performance Analysis of Four Decomposition-Ensemble Models for One-Day-Ahead Agricultural Commodity Futures Price Forecasting

    Directory of Open Access Journals (Sweden)

    Deyun Wang

    2017-09-01

    Full Text Available Agricultural commodity futures prices play a significant role in the change tendency of these spot prices and the supply–demand relationship of global agricultural product markets. Due to the nonlinear and nonstationary nature of this kind of time series data, it is inevitable for price forecasting research to take this nature into consideration. Therefore, we aim to enrich the existing research literature and offer a new way of thinking about forecasting agricultural commodity futures prices, so that four hybrid models are proposed based on the back propagation neural network (BPNN optimized by the particle swarm optimization (PSO algorithm and four decomposition methods: empirical mode decomposition (EMD, wavelet packet transform (WPT, intrinsic time-scale decomposition (ITD and variational mode decomposition (VMD. In order to verify the applicability and validity of these hybrid models, we select three futures prices of wheat, corn and soybean to conduct the experiment. The experimental results show that (1 all the hybrid models combined with decomposition technique have a better performance than the single PSO–BPNN model; (2 VMD contributes the most in improving the forecasting ability of the PSO–BPNN model, while WPT ranks second; (3 ITD performs better than EMD in both cases of corn and soybean; and (4 the proposed models perform well in the forecasting of agricultural commodity futures prices.

  18. 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 transactions in foreign currency subject to the Commodity Exchange Act. 1.1 Section 1.1 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE...

  19. Inbound Marketing

    OpenAIRE

    Hesoun, Jan

    2013-01-01

    In my work I focus on Inbound Marketing, which represents a new perspective on marketing, that has not been given the attention it deserves. It is a combination of existing and proven marketing methods that are used to obtain new customers with minimal marketing costs to the organization. The first section of my work is devoted to defining the concept of Inbound Marketing definitions and explanations. Furthermore, I present a list of instruments used in Inbound Marketing, and showcase the def...

  20. 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)]. E-mail: nlmastro@ipen.br

    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)

  1. As contradições do ciclo de commodities

    Directory of Open Access Journals (Sweden)

    Júlio Sérgio Gomes de Almeida

    2008-07-01

    Full Text Available O artigo defende a necessidade de uma maior coordenação das políticas para conter os efeitos nocivos da supervalorização de commodities e possibilitar a retomada do crescimento econômico e do emprego doméstico. O Brasil arcará com um ônus elevado pela postura de abdicar de posições mais duradouras a médio e longo prazo em favor de benefícios que, por mais elevados que sejam, podem ser passageiros.The article points out the necessity of better coordinated polices to avoid side effects of the overrating of commodities and stimulate economic growth and domestic employment. Brazil will pay a high price for its posture of leaving behind goals for the long run in favor of profits that might be ephemeral.

  2. 76 FR 43851 - Large Trader Reporting for Physical Commodity Swaps

    Science.gov (United States)

    2011-07-22

    ... finalized and adopted herein, will allow the Commission to administer its regulatory responsibilities under... Association (``ATA''), Better Markets Inc. (``Better Markets''), the Petroleum Marketers Association of... Group, on the other hand, argued that the future role of SDRs makes adoption of the regulations...

  3. Global stocks of selected mineral-based commodities

    Science.gov (United States)

    Wilburn, David R.; Bleiwas, Donald I.; Karl, Nick A.

    2016-12-05

    IntroductionThe U.S. Geological Survey, National Minerals Information Center, analyzes mineral and metal supply chains by identifying and describing major components of mineral and material flows from ore extraction, through intermediate forms, to a final product. This report focuses on an important component of the world’s supply chain: the amounts and global distribution of major consumer, producer, and exchange stocks of selected mineral commodities. In this report, the term “stock” is used instead of “inventory” and refers to accumulations of mined ore, intermediate products, and refined mineral-based commodities that are in a form that meets the agreed-upon specifications of a buyer or processor of intermediate products. These may include certain ores such as bauxite, concentrates, smelter products, and refined metals. Materials sometimes referred to as inventory for accounting purposes, such as ore contained in a deposit or in a leach pile, or materials that need to be further processed before they can be shipped to a consumer, are not considered. Stocks may be held (owned) by consumers, governments, investors, producers, and traders. They may serve as (1) a means to achieve economic, social, and strategic goals through government policies; (2) a secure source of supply to meet demand and to mitigate potential shortages in the supply chain; (3) a hedge to mitigate price volatility; and (4) vehicles for speculative investment.The paucity and uneven reliability of data for stocks of ores and concentrates and for material held by producers, consumers, and merchants hinder the accurate estimating of the size and distribution of this portion of the supply chain for certain commodities. This paper reviews the more visible stocks held in commodity exchange warehouses distributed throughout the world.

  4. Bacterial and yeast counts in Brazilian commodities and spices

    Directory of Open Access Journals (Sweden)

    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.

  5. Patulin detection from Penicillia in bottled water commodity system

    OpenAIRE

    Paterson, R. R. M.; Ribeiro, Ana; Venâncio, Armando; Lima, Nelson

    2004-01-01

    Control of Mycological Contaminants of BOttled Water (COMBOW) is an EU-CRAFT project which is investigating the significance of fungi to this commodity. Some fungi produce toxins (mycotoxins). These compounds contaminate food and drink with detrimental effects on human health and economies. Mycotoxins have been reported recently in stored water and production confirmed in vitro. Patulin is a mycotoxin and has been regulated by the EU since 1 November 2003 in apple juice and ingredients. Penic...

  6. 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.

  7. Commodities and Linkages: Industrialisation in Sub-Saharan Africa

    OpenAIRE

    Kaplinsky, Raphael; Morris, Adam; Kaplan, David

    2011-01-01

    In a complementary Discussion Paper (MMCP DP 12 2011) we set out the reasons why we believe that there is extensive scope for linkage development into and out of SSA’s commodities sectors. In this Discussion Paper, we present the findings of our detailed empirical enquiry into the determinants of the breadth and depth of linkages in eight SSA countries (Angola, Botswana, Gabon, Ghana, Nigeria, South Africa Tanzania, and Zambia) and six sectors (copper, diamonds, gold, oil and gas, mining serv...

  8. A Space Commodities Futures Trading Exchange to Grow the Lunar Economy

    Science.gov (United States)

    Cahan, B. B. C.

    2017-10-01

    This paper proposes to establish a Space Commodities Futures Trading Exchange in order to define and trade essential commodities that, when traded on an open exchange, improve availability, quality, price discovery, financeability, and equal access.

  9. STATE-BUILDING IN BOOM TIMES: COMMODITIES AND COALITIONS IN LATIN AMERICA AND AFRICA

    OpenAIRE

    Makino, Rogerio; Universidade de Brasília

    2014-01-01

    Resenha do Livro "State-building in Boom Times: commodities and coalitions in Latin America and Africa" Bookreview "State-building in Boom Times: commodities and coalitions in Latin America and Africa"

  10. 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.

  11. Network structure impacts global commodity trade growth and resilience

    Science.gov (United States)

    Rovenskaya, Elena; Fath, Brian D.

    2017-01-01

    Global commodity trade networks are critical to our collective sustainable development. Their increasing interconnectedness pose two practical questions: (i) Do the current network configurations support their further growth? (ii) How resilient are these networks to economic shocks? We analyze the data of global commodity trade flows from 1996 to 2012 to evaluate the relationship between structural properties of the global commodity trade networks and (a) their dynamic growth, as well as (b) the resilience of their growth with respect to the 2009 global economic shock. Specifically, we explore the role of network efficiency and redundancy using the information theory-based network flow analysis. We find that, while network efficiency is positively correlated with growth, highly efficient systems appear to be less resilient, losing more and gaining less growth following an economic shock. While all examined networks are rather redundant, we find that network redundancy does not hinder their growth. Moreover, systems exhibiting higher levels of redundancy lose less and gain more growth following an economic shock. We suggest that a strategy to support making global trade networks more efficient via, e.g., preferential trade agreements and higher specialization, can promote their further growth; while a strategy to increase the global trade networks’ redundancy via e.g., more abundant free-trade agreements, can improve their resilience to global economic shocks. PMID:28207790

  12. 75 FR 72816 - Public Input for the Study Regarding the Oversight of Existing and Prospective Carbon Markets

    Science.gov (United States)

    2010-11-26

    ... From the Federal Register Online via the Government Publishing Office COMMODITY FUTURES TRADING COMMISSION Public Input for the Study Regarding the Oversight of Existing and Prospective Carbon Markets AGENCY: Commodity Futures Trading Commission. ACTION: Notice and request for comment. SUMMARY: Section...

  13. Loyalty inducing programs and competition with homogeneous goods

    OpenAIRE

    Nicolás Figueroa; Ronald Fischer; Sebastian Infante

    2008-01-01

    We analyze a market where two firms producing a homogenous good compete by means of two mechanisms: prices and a loyalty bonus. We assume that firms act simultaneously when posting their loyalty bonus and prices. Consumers who purchase from a firmin the first period must return the bonus in case they switch providers in the second period. They fully anticipate the effects on future prices of accepting the bonus and maximize their total surplus over both periods. We first show that there is no...

  14. Water Markets - Economic Instruments to Manage Scarcity

    Directory of Open Access Journals (Sweden)

    Henning Bjornlund

    2006-01-01

    Full Text Available Australia has aggressively pursued water markets as an integral part of water policy reforms. Compared to most other countries, relatively active water markets have therefore emerged. Consequently, Australia provides an unique opportunity to study how markets have been introduced and adopted and their role in managing demand and scarcity. This paper discusses: a how water markets have evolved in Australia, b prices paid and volumes traded in water markets, and c the increase in market participation. During periods of drought, scarcity is the main driver of price and market participation. Irrigators do not buy water in order to maximize their profits due to good commodity prices. Farmers with significant investments in long-term assets purchase water to protect their assets against long-term losses due to inadequate watering. This behavior drives prices to levels where no other agricultural users can compete. The price of water entitlements fluctuates with the price of water allocations, but irrigators do not capitalize scarcity-driven short-term increases in allocation prices into the price of entitlements. Once the region is out of this period of drought further research should be conducted to establish the water price/commodity price relationship during periods of more normal supply.

  15. 78 FR 25416 - Information Collection Request: Web-Based Supply Chain Management Commodity Offer Forms

    Science.gov (United States)

    2013-05-01

    ... invitations, however, are issued throughout the month. Web-Based Supply Chain Management (WBSCM) allows... Farm Service Agency Commodity Credit Corporation Information Collection Request: Web-Based Supply Chain Management Commodity Offer Forms AGENCY: Farm Service Agency and Commodity Credit Corporation, USDA. ACTION...

  16. Economic Development Policymaking Down the Global Commodity Chain: Attracting an Auto Industry to Silao, Mexico

    Science.gov (United States)

    Rothstein, Jeffrey S.

    2005-01-01

    This article applies the global commodity chain approach to analyze the way policymakers encouraged an automotive commodity chain to touch down in Silao, Mexico. The article explains that the changing dynamics of the global auto industry have transformed it into an "assembler-driven" commodity chain. It notes how policymakers in the…

  17. 7 CFR 1412.31 - Direct payment yields for covered commodities, except pulse crops.

    Science.gov (United States)

    2010-01-01

    ... commodities, except pulse crops. (a) The direct payment yield for each covered commodity, except pulse crops... 7 Agriculture 10 2010-01-01 2010-01-01 false Direct payment yields for covered commodities, except pulse crops. 1412.31 Section 1412.31 Agriculture Regulations of the Department of Agriculture (Continued...

  18. STEAM STIRRED HOMOGENEOUS NUCLEAR REACTOR

    Science.gov (United States)

    Busey, H.M.

    1958-06-01

    A homogeneous nuclear reactor utilizing a selfcirculating liquid fuel is described. The reactor vessel is in the form of a vertically disposed tubular member having the lower end closed by the tube walls and the upper end closed by a removal fianged assembly. A spherical reaction shell is located in the lower end of the vessel and spaced from the inside walls. The reaction shell is perforated on its lower surface and is provided with a bundle of small-diameter tubes extending vertically upward from its top central portion. The reactor vessel is surrounded in the region of the reaction shell by a neutron reflector. The liquid fuel, which may be a solution of enriched uranyl sulfate in ordinary or heavy water, is mainiained at a level within the reactor vessel of approximately the top of the tubes. The heat of the reaction which is created in the critical region within the spherical reaction shell forms steam bubbles which more upwardly through the tubes. The upward movement of these bubbles results in the forcing of the liquid fuel out of the top of these tubes, from where the fuel passes downwardly in the space between the tubes and the vessel wall where it is cooled by heat exchangers. The fuel then re-enters the critical region in the reaction shell through the perforations in the bottom. The upper portion of the reactor vessel is provided with baffles to prevent the liquid fuel from splashing into this region which is also provided with a recombiner apparatus for recombining the radiolytically dissociated moderator vapor and a control means.

  19. AQUEOUS HOMOGENEOUS REACTORTECHNICAL PANEL REPORT

    Energy Technology Data Exchange (ETDEWEB)

    Diamond, D.J.; Bajorek, S.; Bakel, A.; Flanagan, G.; Mubayi, V.; Skarda, R.; Staudenmeier, J.; Taiwo, T.; Tonoike, K.; Tripp, C.; Wei, T.; Yarsky, P.

    2010-12-03

    Considerable interest has been expressed for developing a stable U.S. production capacity for medical isotopes and particularly for molybdenum- 99 (99Mo). This is motivated by recent re-ductions in production and supply worldwide. Consistent with U.S. nonproliferation objectives, any new production capability should not use highly enriched uranium fuel or targets. Conse-quently, Aqueous Homogeneous Reactors (AHRs) are under consideration for potential 99Mo production using low-enriched uranium. Although the Nuclear Regulatory Commission (NRC) has guidance to facilitate the licensing process for non-power reactors, that guidance is focused on reactors with fixed, solid fuel and hence, not applicable to an AHR. A panel was convened to study the technical issues associated with normal operation and potential transients and accidents of an AHR that might be designed for isotope production. The panel has produced the requisite AHR licensing guidance for three chapters that exist now for non-power reactor licensing: Reac-tor Description, Reactor Coolant Systems, and Accident Analysis. The guidance is in two parts for each chapter: 1) standard format and content a licensee would use and 2) the standard review plan the NRC staff would use. This guidance takes into account the unique features of an AHR such as the fuel being in solution; the fission product barriers being the vessel and attached systems; the production and release of radiolytic and fission product gases and their impact on operations and their control by a gas management system; and the movement of fuel into and out of the reactor vessel.

  20. Homogeneity and thermodynamic identities in geometrothermodynamics

    Energy Technology Data Exchange (ETDEWEB)

    Quevedo, Hernando [Universidad Nacional Autonoma de Mexico, Instituto de Ciencias Nucleares (Mexico); Universita di Roma ' ' La Sapienza' ' , Dipartimento di Fisica, Rome (Italy); ICRANet, Rome (Italy); Quevedo, Maria N. [Universidad Militar Nueva Granada, Departamento de Matematicas, Facultad de Ciencias Basicas, Bogota (Colombia); Sanchez, Alberto [CIIDET, Departamento de Posgrado, Queretaro (Mexico)

    2017-03-15

    We propose a classification of thermodynamic systems in terms of the homogeneity properties of their fundamental equations. Ordinary systems correspond to homogeneous functions and non-ordinary systems are given by generalized homogeneous functions. This affects the explicit form of the Gibbs-Duhem relation and Euler's identity. We show that these generalized relations can be implemented in the formalism of black hole geometrothermodynamics in order to completely fix the arbitrariness present in Legendre invariant metrics. (orig.)

  1. 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

    commerce. To demonstrate the usefulness of the framework, we construct several scenarios as case studies to explore the emerging trends of larger ship deployment and the changing portfolio of energy resources including the increased consumption of bio-based energy. The maritime transportation industry remains heavily reliant on fossil fuels to power transport, while energy, mineral and grain remain the largest bulk commodities shipped. Emerging markets for such commodities, as well as new production methods and locations are considered. We overlay these trends and shifts with ecological areas of concern and biological migration routes. The diversity of governance regimes is also considered to produce a clearer picture of the emerging hot-spots for further study and for the synergies and tradeoffs that must be considered to achieve a sustainable ocean system. References Turner BL, Lambin EF, Reenberg A (2007) Proc Natl Acad Sci, (104):20666-20671. UN Trade and Development Board (2013) Recent developments and trends in international maritime transport affecting trade of developing countries, TD/B/C.1/30.

  2. Gaming and the Commodities Market: An Economic-Based Game for Developing Reasoning Skills

    Science.gov (United States)

    Witschonke, Christopher; Herrera, Jose Maria

    2013-01-01

    The authors describe an economics-based game they have developed to instruct student teachers in the value of games and gaming for developing reasoning and decision-making skills in economics in K-12 students (5-18-year-olds). The game is designed to progress through each grade level so that by high school students have a thorough appreciation and…

  3. Building a Rice Decision Support System to Support Global Food Security and Commodity Markets Project

    Data.gov (United States)

    National Aeronautics and Space Administration — Agriculture faces major challenges in the decades to come due to increasing resource pressures, severe weather and climate change, population growth and shifting...

  4. Building a Rice Decision Support System to Support Global Food Security and Commodity Markets Project

    Data.gov (United States)

    National Aeronautics and Space Administration — Rice is an important crop globally that influences food security and the Earth system. Rice is the predominant food staple in many regions with approximately 700...

  5. Sustainability in global commodity trade: successful responsible entrepreneurship or fallacious market capture?

    NARCIS (Netherlands)

    Vermeulen, W.J.V.

    2011-01-01

    In western countries NGOs have increasingly been pressing spearheaded firms to bring their corporate social responsibility into practice, especially in this international context. In response to this European and American producers and retailers are increasingly applying new forms of cooperation

  6. Franchise medicine: how I avoid being a commodity in a global market.

    Science.gov (United States)

    Constantinides, Minas

    2010-02-01

    As facial plastic surgery becomes more global, pressures for practices to become commoditized will increase. Commoditized practices are those in which price drives the quality of the product. Franchised surgical practices have also recently increased within the United States and abroad. These are always commoditized by their corporate philosophies. There are better ways to create value than to lower price to compete with a neighboring practice. By establishing a Transcendent Relationship of growth, both the surgeon and the patient are more satisfied with their facial plastic surgical experiences. Key tools helpful in predicting future directions for a practice, the Four Compass Points and the Average Best Patient, will be introduced. Thieme Medical Publishers.

  7. Sustainable Marketing

    NARCIS (Netherlands)

    Dam, van Y.K.

    2017-01-01

    In this article, three different conceptions of sustainable marketing are discussed and compared. These different conceptions are referred to as social, green, and critical sustainable marketing. Social sustainable marketing follows the logic of demand-driven marketing management and places the

  8. Stock market modeling and forecasting a system adaptation approach

    CERN Document Server

    Zheng, Xiaolian

    2013-01-01

    Stock Market Modeling translates experience in system adaptation gained in an engineering context to the modeling of financial markets with a view to improving the capture and understanding of market dynamics. The modeling process is considered as identifying a dynamic system in which a real stock market is treated as an unknown plant and the identification model proposed is tuned by feedback of the matching error. Like a physical system, a stock market exhibits fast and slow dynamics corresponding to internal (such as company value and profitability) and external forces (such as investor sentiment and commodity prices) respectively. The framework presented here, consisting of an internal model and an adaptive filter, is successful at considering both fast and slow market dynamics. A double selection method is efficacious in identifying input factors influential in market movements, revealing them to be both frequency- and market-dependent.   The authors present work on both developed and developing markets ...

  9. Self-consolidating concrete homogeneity

    Directory of Open Access Journals (Sweden)

    Jarque, J. C.

    2007-08-01

    Full Text Available Concrete instability may lead to the non-uniform distribution of its properties. The homogeneity of self-consolidating concrete in vertically cast members was therefore explored in this study, analyzing both resistance to segregation and pore structure uniformity. To this end, two series of concretes were prepared, self-consolidating and traditional vibrated materials, with different w/c ratios and types of cement. The results showed that selfconsolidating concretes exhibit high resistance to segregation, albeit slightly lower than found in the traditional mixtures. The pore structure in the former, however, tended to be slightly more uniform, probably as a result of less intense bleeding. Such concretes are also characterized by greater bulk density, lower porosity and smaller mean pore size, which translates into a higher resistance to pressurized water. For pore diameters of over about 0.5 μm, however, the pore size distribution was found to be similar to the distribution in traditional concretes, with similar absorption rates.En este trabajo se estudia la homogeneidad de los hormigones autocompactantes en piezas hormigonadas verticalmente, determinando su resistencia a la segregación y la uniformidad de su estructura porosa, dado que la pérdida de estabilidad de una mezcla puede conducir a una distribución no uniforme de sus propiedades. Para ello se han fabricado dos tipos de hormigones, uno autocompactante y otro tradicional vibrado, con diferentes relaciones a/c y distintos tipos de cemento. Los resultados ponen de manifiesto que los hormigones autocompactantes presentan una buena resistencia a la segregación, aunque algo menor que la registrada en los hormigones tradicionales. A pesar de ello, su estructura porosa tiende a ser ligeramente más uniforme, debido probablemente a un menor sangrado. Asimismo, presentan una mayor densidad aparente, una menor porosidad y un menor tamaño medio de poro, lo que les confiere mejores

  10. Advancing Homogeneous Antimicrobial Glycoconjugate Vaccines.

    Science.gov (United States)

    Adamo, Roberto

    2017-05-16

    Since 2004, when the first synthetic glycoconjugate vaccine against the pneumonia and meningitis causing bacterium Haemophilus influenza type b (Hib) approved for human use in Cuba was reported, 34 million doses of the synthetic vaccine have been already distributed in several countries under the commercial name of Quimi-Hib. However, despite the success of this product, no other synthetic glycoconjugate vaccine has been licensed in the following 13 years. As well as avoiding the need to handle pathogens, synthetic glycoconjugates offer clear advantages in terms of product characterization and the possibility to understand the parameters influencing immunogenicity. Nevertheless, large scale application of synthetic sugars has been perceived as challenging because of manufacturing costs and process complexity compared to natural polysaccharides. Chemoenzymatic approaches, one-pot protocols, and automated solid-phase synthesis are rendering carbohydrate production considerably more attractive for industrialization. Here we identify three areas where chemical approaches can advance this progress: (i) chemical or enzymatic methods enabling the delivery of the minimal polysaccharide portion responsible for an effective immune response; (ii) site-selective chemical or enzymatic conjugation strategies for the exploration of the conjugation point in immune responses against carbohydrate-based vaccines, and the consistent preparation of more homogeneous products; (iii) multicomponent constructs targeting receptors responsible for immune response modulation in order to control its quality and magnitude. We discuss how synthesis of bacterial oligosaccharides is useful toward understanding the polysaccharide portion responsible for immunogenicity, and for developing robust and consistent alternatives to natural heterogeneous polysaccharides. The synthesis of sugar analogues can lead to the identification of hydrolytically more stable versions of oligosaccharide antigens. The

  11. Internet marketing

    OpenAIRE

    Trofymchuk, Dmytro

    2009-01-01

    In the bachelor thesis are introduced theoretical concepts of the Internet and marketing, accented the need of marketing mix along with its specifics of the internet environment. Next is interpreted which tools can be used for marketing of firms and which marketing instruments are to be deployed. Final chapter illustrates socio-demographics of Czech internet users along with media market allocation from the perspective of all media as well as in the segment of the Internet.

  12. Increasing homogeneity in global food supplies and the implications for food security.

    Science.gov (United States)

    Khoury, Colin K; Bjorkman, Anne D; Dempewolf, Hannes; Ramirez-Villegas, Julian; Guarino, Luigi; Jarvis, Andy; Rieseberg, Loren H; Struik, Paul C

    2014-03-18

    The narrowing of diversity in crop species contributing to the world's food supplies has been considered a potential threat to food security. However, changes in this diversity have not been quantified globally. We assess trends over the past 50 y in the richness, abundance, and composition of crop species in national food supplies worldwide. Over this period, national per capita food supplies expanded in total quantities of food calories, protein, fat, and weight, with increased proportions of those quantities sourcing from energy-dense foods. At the same time the number of measured crop commodities contributing to national food supplies increased, the relative contribution of these commodities within these supplies became more even, and the dominance of the most significant commodities decreased. As a consequence, national food supplies worldwide became more similar in composition, correlated particularly with an increased supply of a number of globally important cereal and oil crops, and a decline of other cereal, oil, and starchy root species. The increase in homogeneity worldwide portends the establishment of a global standard food supply, which is relatively species-rich in regard to measured crops at the national level, but species-poor globally. These changes in food supplies heighten interdependence among countries in regard to availability and access to these food sources and the genetic resources supporting their production, and give further urgency to nutrition development priorities aimed at bolstering food security.

  13. Increasing homogeneity in global food supplies and the implications for food security

    Science.gov (United States)

    Khoury, Colin K.; Bjorkman, Anne D.; Dempewolf, Hannes; Ramirez-Villegas, Julian; Guarino, Luigi; Jarvis, Andy; Rieseberg, Loren H.; Struik, Paul C.

    2014-01-01

    The narrowing of diversity in crop species contributing to the world’s food supplies has been considered a potential threat to food security. However, changes in this diversity have not been quantified globally. We assess trends over the past 50 y in the richness, abundance, and composition of crop species in national food supplies worldwide. Over this period, national per capita food supplies expanded in total quantities of food calories, protein, fat, and weight, with increased proportions of those quantities sourcing from energy-dense foods. At the same time the number of measured crop commodities contributing to national food supplies increased, the relative contribution of these commodities within these supplies became more even, and the dominance of the most significant commodities decreased. As a consequence, national food supplies worldwide became more similar in composition, correlated particularly with an increased supply of a number of globally important cereal and oil crops, and a decline of other cereal, oil, and starchy root species. The increase in homogeneity worldwide portends the establishment of a global standard food supply, which is relatively species-rich in regard to measured crops at the national level, but species-poor globally. These changes in food supplies heighten interdependence among countries in regard to availability and access to these food sources and the genetic resources supporting their production, and give further urgency to nutrition development priorities aimed at bolstering food security. PMID:24591623

  14. Globalisations in a nutshell: Historical perspectives on the changing governance of the shea commodity chain in northern Ghana

    Directory of Open Access Journals (Sweden)

    Andrew Wardell

    2013-08-01

    Full Text Available Pre-colonial patterns of trade in West Africa included exchanges of shea in periodic local and regional markets. The collection, processing and marketing of shea products in such markets continues to be predominantly by women to both meet subsistence needs, and exchange of surpluses. In the early part of the 20th century, the British colonial administration considered the possibilities of starting large-scale exports of shea kernels to Europe. Multiple colonial initiatives to develop the global trade were not successful due to a composite of factors. Contemporary patterns of production, trade and regulation are contrasted in the context of globalisation in the post-independence era. The government of Ghana has progressively reinforced its ambitions to expand the shea nut trade as part of the state’s portfolio of major non-traditional agricultural export commodities. This policy is embedded within the (now dominant orthodoxy of neo-liberalism, which privileges monetized production systems and private over public regulation. Historically and culturally-embedded patterns of shea production and trade by women in northern Ghana may now be challenged by the emergence of new processing technologies, the emergence of an oligopolistic global commodity chain and the anticipated continued growth in global demand for cocoa butter equivalents.  Nevertheless, the cumulative impacts of increasing commercialisation and world market integration at the national and local level in Ghana, and other West African producer countries, are still unknown. There are risks, however, that this process may result in social differentiation, changes in household consumption patterns and loss of livelihoods, particularly for women.

  15. Wisconsin Radio and Television Agricultural Market News Programming. Wisconsin Agricultural Extension Service Research Report No. R2615, April 1974.

    Science.gov (United States)

    Kroupa, Eugene A.; Walker, Douglas K.

    The study determined what Wisconsin's 102 AM, 107 FM, and 21 television stations were providing as agricultural market information programming and documented the amount, timing, frequency, and completeness of broadcast agricultural market news reports. Data were collected on the sources of market price information, types of commodity and price…

  16. 17 CFR Appendix B to Part 1 - Fees for Contract Market Rule Enforcement Reviews and Financial Reviews

    Science.gov (United States)

    2010-04-01

    ... to Part 1—Fees for Contract Market Rule Enforcement Reviews and Financial Reviews (a) Within 60 days... costs in conducting contract market rule enforcement reviews and financial reviews. (b) The Commission... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Fees for Contract Market Rule...

  17. Geometric classifications of homogeneous production functions

    OpenAIRE

    Chen, Bang-Yen; Vilcu, Gabriel Eduard

    2013-01-01

    In this paper, we completely classify homogeneous production functions with an arbitrary number of inputs whose production hypersurfaces are flat. As an immediate consequence, we obtain a complete classification of homogeneous production functions with two inputs whose production surfaces are developable.

  18. The homogeneous geometries of real hyperbolic space

    DEFF Research Database (Denmark)

    Castrillón López, Marco; Gadea, Pedro Martínez; Swann, Andrew Francis

    We describe the holonomy algebras of all canonical connections of homogeneous structures on real hyperbolic spaces in all dimensions. The structural results obtained then lead to a determination of the types, in the sense of Tricerri and Vanhecke, of the corresponding homogeneous tensors. We use ...

  19. Investigations into homogenization of electromagnetic metamaterials

    DEFF Research Database (Denmark)

    Clausen, Niels Christian Jerichau

    This dissertation encompasses homogenization methods, with a special interest into their applications to metamaterial homogenization. The first method studied is the Floquet-Bloch method, that is based on the assumption of a material being infinite periodic. Its field can then be expanded in term...

  20. Synthesis of silica nanosphere from homogeneous and ...

    Indian Academy of Sciences (India)

    WINTEC

    Abstract. Silica nanosphere was synthesized using homogeneous and heterogeneous systems, respectively. In homogeneous system, silica spheres were synthesized without cetyltrimethylammonium bromide (CTABr), which gave bimodal particle size and lower yield (77%). To improve the yield, CTABr was added and ...

  1. Homogeneous nucleation and the Ostwald step rule

    NARCIS (Netherlands)

    Wolde, P.R. ten; Frenkel, D.

    1999-01-01

    We compare the pathways for homogeneous nucleation in a number of different systems. In most cases, the simulations show that the nucleation pathways are markedly different from what is assumed in classical nucleation theory. We find that homogeneous nucleation exhibits, at the microscopic level,

  2. 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

  3. DYNAMIC COMPLEMENTARITY IN EXPORT PROMOTION: THE MARKET ACCESS PROGRAM IN FRUITS AND VEGETABLES

    OpenAIRE

    Richards, Timothy J.; Patterson, Paul M.

    1998-01-01

    Government-supported promotion in foreign markets may justified when market failures exist, such as spillover externalities, where promotion of one commodity positively influences exports of another, or when market uncertainties cause planning horizons to be shorter than the persistent effects of promotion. A dynamic model of U.S. apple, almond, grape, and wine export supply is developed to test for these market failures. Promotion is viewed as an investment in establishing and maintaining a ...

  4. Homogeneity of Prototypical Attributes in Soccer Teams

    Directory of Open Access Journals (Sweden)

    Christian Zepp

    2015-09-01

    Full Text Available Research indicates that the homogeneous perception of prototypical attributes influences several intragroup processes. The aim of the present study was to describe the homogeneous perception of the prototype and to identify specific prototypical subcategories, which are perceived as homogeneous within sport teams. The sample consists of N = 20 soccer teams with a total of N = 278 athletes (age M = 23.5 years, SD = 5.0 years. The results reveal that subcategories describing the cohesiveness of the team and motivational attributes are mentioned homogeneously within sport teams. In addition, gender, identification, team size, and the championship ranking significantly correlate with the homogeneous perception of prototypical attributes. The results are discussed on the basis of theoretical and practical implications.

  5. Multilevel Monte Carlo Approaches for Numerical Homogenization

    KAUST Repository

    Efendiev, Yalchin R.

    2015-10-01

    In this article, we study the application of multilevel Monte Carlo (MLMC) approaches to numerical random homogenization. Our objective is to compute the expectation of some functionals of the homogenized coefficients, or of the homogenized solutions. This is accomplished within MLMC by considering different sizes of representative volumes (RVEs). Many inexpensive computations with the smallest RVE size are combined with fewer expensive computations performed on larger RVEs. Likewise, when it comes to homogenized solutions, different levels of coarse-grid meshes are used to solve the homogenized equation. We show that, by carefully selecting the number of realizations at each level, we can achieve a speed-up in the computations in comparison to a standard Monte Carlo method. Numerical results are presented for both one-dimensional and two-dimensional test-cases that illustrate the efficiency of the approach.

  6. Politisk marketing

    DEFF Research Database (Denmark)

    Disciplinen politisk marketing er udbredt i mange vestlige lande. Imidlertid er kendskabet til politisk marketing i Danmark bemærkelsesværdigt lavt. I det lys er denne bog Politisk Marketing: Personer, Partier & Praksis den første bog i Danmark, som -ud fra marketing- indkredser de sidste mange års...... brudflader i dansk politik. Gennem ti bidrag fra forskere og praktikere udskraber forfatterne et DNA for feltet politisk marketing. Kort sagt kan du i denne bog finde svarene på: Hvad er politisk marketing? Hvordan har det udviklet sig? Og hvilke konsekvenser har dette fænomen for vælgere, partier og...

  7. The Power of High-Throughput Experimentation in Homogeneous Catalysis Research for Fine Chemicals

    NARCIS (Netherlands)

    Vries, Johannes G. de; Vries, André H.M. de

    2003-01-01

    The use of high-throughput experimentation (HTE) in homogeneous catalysis research for the production of fine chemicals is an important breakthrough. Whereas in the past stoichiometric chemistry was often preferred because of time-to-market constraints, HTE allows catalytic solutions to be found

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

    African Journals Online (AJOL)

    less to post harvest handling and marketing. To induce farmers to produce optimally, effective innovative approaches to production and marketing that ensure adequate value addition and ultimate remunerative price for farmers' produce would have to be in place. The presidential initiatives on cassava and rice have ...

  9. Nutrition and food commodities in the 20th century.

    Science.gov (United States)

    Martini, Sharon A; Phillips, Marshall

    2009-09-23

    Nutrition in the 20th century is examined with respect to changes in the American diet due to changes in the economy and evolution from an agrarian to an industrialized society. The American farm family diet from two regions of the United States during the 1930s is studied on the basis of overall availability of food commodities. A discussion of the diet staples and differences in farm family health is presented and related to nutritional deficiencies. Beginning in the 1920s through the early 1930s dietary deficiencies became a major focus of public health officials in the United States. Identification of the cause of these human nutritional deficiencies prompted significant research by government agencies such as the U.S. Department of Agriculture, Food and Drug Administration, and National Institutes of Health. Medical schools, universities, pharmaceutical corporations, and private institutions directed their resources into basic chemical research and clinical trials to assess the role of vitamins, minerals, proteins, lipids, carbohydrates, and nutrients for improving human health and nutrition. Chemists played an important role in the discovery of vitamins, minerals, and essential nutrients, validating the efficacy through tedious clinical trials. They developed synthetic vitamins affording food manufacturers and pharmaceutical companies the opportunity to capitalize upon fortifying foods for consumers. The American chemist was also responsible for the development of commodities to maximize crop yield through pesticides and fertilizers.

  10. Balancing Acts: Culture as Commodity Among Business Consultants

    Directory of Open Access Journals (Sweden)

    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.

  11. 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.

  12. Devaluation of one's labor in labor-commodities-money-commodities-labor exchange as a cause of inequality growth

    OpenAIRE

    Tanguiane, Andranick S.

    2016-01-01

    The inequality growth during the last quarter century is explained as caused by a decreasing labor–labor exchange rate, i.e. devaluation of one’s labor in exchange for other’s labor embodied in the commodities affordable for one’s earnings. We show that the productivity growth allows employers to compensate workers with always a lower labor equivalent, i.e., in a sense increasingly underpay works, maintaining however an impression of fair pay due to an increasing purchasing power of earnings....

  13. Wood as a raw commodity and energy carrier; Holz als Rohstoff und Energietraeger. Dynamisches Holzmarktmodell und Zukunftsszenarien - Schlussbericht

    Energy Technology Data Exchange (ETDEWEB)

    Pauli, B.; Buergi, P.; Bruehlhard, S. [Schweizerische Hochschule fuer Landwirtschaft, Zollikofen (Switzerland); Thees, O.; Lemm, R.; Rosset, Ch. [Eidg. Forschungsanstalt fuer Wald, Schnee und Landschaft, WSL, Birmensdorf (Switzerland)

    2010-05-15

    This comprehensive final report for the Swiss Federal Office of Energy (SFOE) takes a look at a dynamic wood-market model and the future prospects for the use of wood as a raw commodity and energy carrier. As an introduction, an overview of Swiss and international wood markets is provided. Various sorts of timber - from whole tree-trunks to waste wood for use as an energy source - are discussed. The international wood market is looked at and future developments are discussed. The report goes on to deal with four project stages which help provide an information basis in order to be able to review the current situation and the future developments in the Swiss wood industry. The first stage of the project involved the elaboration of a material-flow matrix for the year 2005. The sources of the data are discussed. Inconsistencies in the data are looked at and the Swiss wood market is analysed. This material-flow matrix provided the basis for a second step, the development of a product-oriented, dynamic wood market model. Here, all sources of wood from forests to waste wood are looked at and their use for building and as an energy resource is considered. Model development, variants and modelling factors are discussed. An expert-aided model is looked at. The market models developed were used for the third step, the development of scenarios for future development. Five scenarios were developed, including higher energy costs, a large, heavy storm event, increased per capita wood use, increasing global timber prices as well as the installation of a new, large-scale sawmill. In a final step, based on knowledge gained from the previous steps, suggestions for further action to be taken by politics were elaborated. Here, measures that would have an effect on supply and demand are suggested that could help decrease the costs for the harvesting of wood resources and support changes in the market behaviour of forest owners.

  14. String pair production in non homogeneous backgrounds

    Energy Technology Data Exchange (ETDEWEB)

    Bolognesi, S. [Department of Physics “E. Fermi” University of Pisa, and INFN - Sezione di Pisa,Largo Pontecorvo, 3, Ed. C, 56127 Pisa (Italy); Rabinovici, E. [Racah Institute of Physics, The Hebrew University of Jerusalem,91904 Jerusalem (Israel); Tallarita, G. [Departamento de Ciencias, Facultad de Artes Liberales,Universidad Adolfo Ibáñez, Santiago 7941169 (Chile)

    2016-04-28

    We consider string pair production in non homogeneous electric backgrounds. We study several particular configurations which can be addressed with the Euclidean world-sheet instanton technique, the analogue of the world-line instanton for particles. In the first case the string is suspended between two D-branes in flat space-time, in the second case the string lives in AdS and terminates on one D-brane (this realizes the holographic Schwinger effect). In some regions of parameter space the result is well approximated by the known analytical formulas, either the particle pair production in non-homogeneous background or the string pair production in homogeneous background. In other cases we see effects which are intrinsically stringy and related to the non-homogeneity of the background. The pair production is enhanced already for particles in time dependent electric field backgrounds. The string nature enhances this even further. For spacial varying electrical background fields the string pair production is less suppressed than the rate of particle pair production. We discuss in some detail how the critical field is affected by the non-homogeneity, for both time and space dependent electric field backgrouds. We also comment on what could be an interesting new prediction for the small field limit. The third case we consider is pair production in holographic confining backgrounds with homogeneous and non-homogeneous fields.

  15. Deforestation homogenizes tropical parasitoid-host networks.

    Science.gov (United States)

    Laliberté, Etienne; Tylianakis, Jason M

    2010-06-01

    Human activities drive biotic homogenization (loss of regional diversity) of many taxa. However, whether species interaction networks (e.g., food webs) can also become homogenized remains largely unexplored. Using 48 quantitative parasitoid-host networks replicated through space and time across five tropical habitats, we show that deforestation greatly homogenized network structure at a regional level, such that interaction composition became more similar across rice and pasture sites compared with forested habitats. This was not simply caused by altered consumer and resource community composition, but was associated with altered consumer foraging success, such that parasitoids were more likely to locate their hosts in deforested habitats. Furthermore, deforestation indirectly homogenized networks in time through altered mean consumer and prey body size, which decreased in deforested habitats. Similar patterns were obtained with binary networks, suggesting that interaction (link) presence-absence data may be sufficient to detect network homogenization effects. Our results show that tropical agroforestry systems can support regionally diverse parasitoid-host networks, but that removal of canopy cover greatly homogenizes the structure of these networks in space, and to a lesser degree in time. Spatiotemporal homogenization of interaction networks may alter coevolutionary outcomes and reduce ecological resilience at regional scales, but may not necessarily be predictable from community changes observed within individual trophic levels.

  16. RELIGIOUS MARKETING

    OpenAIRE

    Ariadna-Ioana JURAVLE (GAVRA); Sasu, Constantin; Geanina Constanța SPĂTARU (PRAVĂȚ)

    2016-01-01

    The purpose of this paper is to establish the conceptual delimitation of the term religious marketing. The term religious marketing has caused controversy. There are two currents: that of the theologians, on one hand and that of the marketers, on the other hand. The representatives of each current have their own view regarding the implementation of marketing into the religious sphere. The article concludes with the necessity to adapt the churches’ activities and the ways they must be presente...

  17. Mobile marketing

    OpenAIRE

    Klečková, Zuzana

    2013-01-01

    The main aim of this thesis was to provide a comprehensive overview of the mobile marketing and analyze selected campaigns of Czech mobile marketing in comparison to world successful campaigns. The research contained studying of available literature about the theme to gain general knowledge about the issue. The theoretical part of the thesis contains predominantly various definitions of mobile marketing and its tools, advantages of these tools and some information about Mobile Marketing Assoc...

  18. Postmoderne marketing

    OpenAIRE

    Urquizu, Alvaro

    2014-01-01

    Abstract: This thesis will challenge the traditional marketing perspective by adding a post-modern approach to marketing. Secondary an analysis of the post-modern consumer as well as the importance of neo tribalism in marketing will be described. Additionally the necessity of including countercultural segments and the importance of countercultures will be argued. Finally this thesis will examine which marketing method is the most useful when working with countercultures.

  19. Homogenization of precipitation data in Pannonian region

    Directory of Open Access Journals (Sweden)

    Medić Nenad Đ.

    2014-01-01

    Full Text Available Testing the homogeneity of data of meteorological occurrences is very important for ensuring the reliability and accuracy of the data that will later be used in a variety of research related to the assessment and prediction of future trends of climate changes. This paper presents the verification of homogeneity of data on average annual precipitations from 19 meteorological stations in the Pannonian region. For this purpose, it has been used four different statistical tests that are applied on each meteorological station individually. It was found that 4 out of 19 meteorological stations or in 21% of the cases there are in homogeneities of precipitation data.

  20. Shocks in homogeneous and heterogeneous populations

    Energy Technology Data Exchange (ETDEWEB)

    Finkelstein, Maxim [Department of Mathematical Statistics, University of the Free State, PO Box 339, 9300 Bloemfontein (South Africa) and Max Planck Institute for Demographic Research, Rostock (Germany)]. E-mail: FinkelM.SCI@mail.uovs.ac.za

    2007-05-15

    A system subject to a point process of shocks is considered. Shocks occur in accordance with a non-homogeneous Poisson process. Different criterions of system failures are discussed in a homogeneous case. Two natural settings are analyzed. Heterogeneity is modeled by an unobserved univariate random variable (frailty). It is shown that reliability (safety) analysis for a heterogeneous case can differ dramatically from that for a homogeneous setting. A shock burn-in procedure for a heterogeneous population is described. The corresponding bounds for the failure rates are obtained.

  1. Higher Order Macro Coefficients in Periodic Homogenization

    Energy Technology Data Exchange (ETDEWEB)

    Conca, Carlos; San Martin, Jorge [Departamento de IngenierIa Matematica, Facultad de Ciencias Fisicas y Matematicas, Universidad de Chile and Centro de Modelamiento Matematico, UMR 2071 CNRS-UChile, Casilla 170/3 - Correo 3, Santiago (Chile); Smaranda, Loredana [Department of Mathematics, Faculty of Mathematics and Computer Science, University of Pitesti, 110040 Pitesti, Str. Targu din Vale Nr.1, Arges (Romania); Vanninathan, Muthusamy, E-mail: cconca@dim.uchile.cl, E-mail: jorge@dim.uchile.cl, E-mail: smaranda@dim.uchile.cl, E-mail: vanni@math.tifrbng.res.in [TIFR-CAM, Post Bag 6503, GKVK Post, Bangalore - 560065 (India)

    2011-09-15

    A first set of macro coefficients known as the homogenized coefficients appear in the homogenization of PDE on periodic structures. If energy is increased or scale is decreased, these coefficients do not provide adequate approximation. Using Bloch decomposition, it is first realized that the above coefficients correspond to the lowest energy and the largest scale. This naturally paves the way to introduce other sets of macro coefficients corresponding to higher energies and lower scales which yield better approximation. The next task is to compare their properties with those of the homogenized coefficients. This article reviews these developments along with some new results yet to be published.

  2. China’s Capital Market: its Structure and Characteristics

    Directory of Open Access Journals (Sweden)

    Ionela Bălțătescu

    2010-10-01

    Full Text Available The purpose of the present article is to briefly overview the main characteristics and structure of China’s capital market. The first part of the paper presents the main stock exchanges, futures exchanges and commodity exchanges of China, securities products available in China, China’s level of domestic market capitalization and other key financial information and statistics regarding China capital market. The second part of the paper contains a short review on the liberalization and reforms of China’s financial market, especially the programs QFII (Qualified Foreign Institutional Investor, QDII (Qualified Domestic Institutional Investor and mini-QFII.

  3. Viral marketing

    OpenAIRE

    Bláhová, Adéla

    2012-01-01

    The aim of my thesis is to provide a comprehensive overview of the viral marketing and to analyze selected viral campaigns. There is a description of advantages and disadvantages of this marketing tool. In the end I suggest for which companies viral marketing is an appropriate form of the promotion.

  4. Service marketing

    Directory of Open Access Journals (Sweden)

    Babić-Hodović Vesna

    2002-01-01

    Full Text Available Development of postindustrial society and services revolution created numerous changes in size of consumer demand, consumer reaction and priorities. Continuous change on the side of demand and offer must follow changes in marketing orientation. Leader in that change is services marketing which by knowing services range and all the changes builds a new concept called Relationship Marketing.

  5. Market structure in U.S. southern pine roundwood

    Science.gov (United States)

    Matthew F. Bingham; Jeffrey P. Prestemon; Douglas J. MacNair; Robert C. Abt

    2003-01-01

    Time series of commodity prices from multiple locations can behave as if responding to forces of spatial arbitrage. cvcn while such prices may instead be responding similarly to common factors aside from spatial arbitrage. Hence, while the Law of One Price may hold as a statistical concept, its acceptance is not sufficient to conclude market integration. We tested...

  6. Pricing to Market, (Seasonal) Cointegration and US Agricultural Exports

    OpenAIRE

    Xu, Yun; Sheldon, Ian M.

    2005-01-01

    In this paper, we examine whether US exporters of agricultural commodities price to market. Specifically, we estimate the fixed-effects model of Knetter (1989; 1995), and alternative specifications based on the use of cost indices, and seasonal and vector error correction models that account for the time-series properties of the data.

  7. Fair Trade: Social Regulation in Global Food Markets

    Science.gov (United States)

    Raynolds, Laura T.

    2012-01-01

    This article analyzes the theoretical and empirical parameters of social regulation in contemporary global food markets, focusing on the rapidly expanding Fair Trade initiative. Fair Trade seeks to transform North/South relations by fostering ethical consumption, producer empowerment, and certified commodity sales. This initiative joins an array…

  8. Paper, paperboard and woodpulp markets, 2010-2011

    Science.gov (United States)

    Peter Ince; Eduard Akim; Bernard Lombard; Tomas Parik; Anastasia Tolmatsova

    2011-01-01

    Paper and paperboard output rebounded along with overall industrial production in both Europe and the United States, but has not yet fully recovered to the peak levels of 2007-2008. Generally more robust market conditions prevailed from 2010 to early 2011, with higher consumption and prices for most pulp, paper and paperboard commodities. Prices reached a plateau by...

  9. Market Integration and Transport Costs in France 1825-1903

    DEFF Research Database (Denmark)

    Ejrnæs, Mette; Persson, Karl Gunnar

    2000-01-01

    This article argues that the appropriate standard for the analysis of commodity market integration is the transport cost adjusted law of one price. A threshold error correction model that incorporates that property is developed and applied to French wheat prices in the 19th century. This type of ...

  10. Determinants of haricot bean market participation in Misrak ...

    African Journals Online (AJOL)

    This study aimed at analyzing commodity level determinants of output side market participation of haricot bean based on cross sectional primary data collected from 123 randomly selected haricot bean producers sample households in six kebeles in Misrak Badawacho District, Hadiya Zone, Southern Nations Nationalities ...

  11. Market Efficiency of Hessian Cloth and Sacking Bags' Transferable ...

    African Journals Online (AJOL)

    Market Efficiency of Hessian Cloth and Sacking Bags' Transferable Specific Delivery Contract transactions in a Regional Commodity Exchange in West ... However, large positive deviations from the co-integrating relation between the forward and spot prices of hessian cloth contracts were significantly corrected in the ...

  12. Modernity rejected? Marketing schnapps gin in West Africa, 1945 ...

    African Journals Online (AJOL)

    ... oral history interviews with consumers in Ghana and Nigeria; as well as the company archives of distillers. The paper contributes to our understanding of the cultural history of the decolonisation era, and to a developing literature on marketing and consumption of imported commodities in twentieth-century Africa.

  13. Disease Risk and Market Structure in Salmon Aquaculture

    NARCIS (Netherlands)

    Fischer, C.; Guttormsen, Atle; Smith, Martin

    2017-01-01

    We develop a model of a multi-national firm producing commodities for a global market in multiple locations with location-specific risks and different regulatory standards. Salmon aquaculture and disease outbreaks provide an empirically relevant example. We specifically examine details of the

  14. Market interdependence and volatility transmission among major crops

    NARCIS (Netherlands)

    Gardebroek, C.; Hernandez, M.A.; Robles, M.

    2016-01-01

    This article provides a comprehensive analysis of the dynamics of volatility across major agricultural commodities in the United States. Volatility interactions across markets may lower the effectiveness of diversification strategies to mitigate price risks and should be taken into account when

  15. 77 FR 24169 - Notice of Funds Availability: Inviting Applications for the Market Access Program

    Science.gov (United States)

    2012-04-23

    ... Commodity Credit Corporation Notice of Funds Availability: Inviting Applications for the Market Access... Notice of Funds Availability. DATES: All applications must be received by 5 p.m. Eastern Daylight Time... overseas marketing and promotion activities. MAP participants may receive assistance for generic or brand...

  16. 78 FR 23893 - Notice of Funds Availability: Inviting Applications for the Market Access Program

    Science.gov (United States)

    2013-04-23

    ... Commodity Credit Corporation Notice of Funds Availability: Inviting Applications for the Market Access... publish a notice in the Federal Register rescinding this Notice of Funds Availability. DATES: All... marketing and promotion activities. MAP Participants may receive assistance for generic or brand promotion...

  17. 75 FR 26194 - Notice of Funds Availability: Inviting Applications for the Market Access Program

    Science.gov (United States)

    2010-05-11

    ... Commodity Credit Corporation Notice of Funds Availability: Inviting Applications for the Market Access... marketing and promotion activities. MAP participants may receive assistance for generic or brand promotion... brand program. The MAP generally operates on a reimbursement basis. III. Eligibility Information 1...

  18. Price variation of tomatoes and ginger in Giwa Market, Kaduna State ...

    African Journals Online (AJOL)

    The trend and variability of the seasonal index were also calculated and it revealed that the grand seasonal indexes of the commodities in the market were highly variable and this indicates minimal incentives for the rural farmers and marketers of ginger and tomato. Further the result indicated that tomato has the highest ...

  19. 17 CFR 270.30b1-7 - Monthly report for money market funds.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Monthly report for money... money market funds. (a) Report. Every registered open-end management investment company, or series thereof, that is regulated as a money market fund under § 270.2a-7 must file with the Commission a monthly...

  20. Transfer of Labour Time on the World Market: Religious Sanctions and Economic Results

    National Research Council Canada - National Science Library

    Sandemose, Jørgen

    2012-01-01

    ... value of commodities on the world market. A leading idea is that religious outlooks, in the way they were conceptualized by Karl Marx, have a strong bearing upon the difference in labour intensities in countries contributing to the world market, and thereby upon the differences in international values and prices. These differences are...

  1. 29 CFR 780.154 - Delivery “to market.”

    Science.gov (United States)

    2010-07-01

    ... 29 Labor 3 2010-07-01 2010-07-01 false Delivery âto market.â 780.154 Section 780.154 Labor... of Agriculture Specified Delivery Operations § 780.154 Delivery “to market.” The term “delivery * * * to market” includes taking agricultural or horticultural commodities, dairy products, livestock, bees...

  2. 29 CFR 780.155 - Delivery “to carriers for transportation to market.”

    Science.gov (United States)

    2010-07-01

    ... 29 Labor 3 2010-07-01 2010-07-01 false Delivery âto carriers for transportation to market.â 780... “to carriers for transportation to market.” The term “delivery * * * to carriers for transportation to market” includes taking agricultural or horticultural commodities, dairy products, livestock, bees or...

  3. Market access and agricultural production : the case of banana production in Uganda

    NARCIS (Netherlands)

    Bagamba, F.

    2007-01-01

    Keywords: Smallholder poor farmers, market access, bananas, productivity, efficiency, labour demand, labour supply,Uganda.This study investigates the effects of factor and commodity markets on the

  4. Market-Based Price-Risk Management for Coffee Producers

    OpenAIRE

    Sushil Mohan

    2007-01-01

    Coffee is characterised by high levels of price fluctuation, which exposes coffee producers to price risk. Coffee is widely traded in international commodity futures markets. This offers scope for producers to mange their price risk by hedging on these markets. The hedging mechanism proposed is based on the use of put options. The paper uses historical data of actual coffee put options contracts to estimate the costs of the mechanism; the benefits are inferred from field evidence. It emerges ...

  5. RANDOM WALK HYPOTHESIS IN FINANCIAL MARKETS

    Directory of Open Access Journals (Sweden)

    Nicolae-Marius JULA

    2017-05-01

    Full Text Available Random walk hypothesis states that the stock market prices do not follow a predictable trajectory, but are simply random. If you are trying to predict a random set of data, one should test for randomness, because, despite the power and complexity of the used models, the results cannot be trustworthy. There are several methods for testing these hypotheses and the use of computational power provided by the R environment makes the work of the researcher easier and with a cost-effective approach. The increasing power of computing and the continuous development of econometric tests should give the potential investors new tools in selecting commodities and investing in efficient markets.

  6. Trade Fairs, Markets and Fields

    DEFF Research Database (Denmark)

    Moeran, Brian

    2011-01-01

    This article describes how trade fairs act as a framing mechanism that enables participants to come together for the exchange of goods and services and to perceive themselves as acting in a social field. This way, trade fairs make markets possible. Based on ongoing participant observation at book....../material, social, situational, content/appreciative, and the use value of goods, values which are then equated with a commodity exchange value in the form of price. Trade fairs frame order, but they are also events where the respective field might be reconfigurated. The contingency of personal interaction......, the lightness of "talk" and the carnival-like setting of fairs make them a site where disorder might be created that in turn can lead to change of field and market...

  7. 17 CFR 14.7 - Finding of violation of Commodity Exchange Act or Federal securities laws in another proceeding.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Finding of violation of Commodity Exchange Act or Federal securities laws in another proceeding. 14.7 Section 14.7 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION RULES RELATING TO SUSPENSION OR DISBARMENT FROM...

  8. Homogeneous operators and projective representations of the ...

    Indian Academy of Sciences (India)

    Abstract. This paper surveys the existing literature on homogeneous operators and their relationships with projective representations of P S L ( 2 , R ) and other Lie groups. It also includes a list of open problems in this area.

  9. Homogeneity of common cosmopolitan inversion frequencies in ...

    Indian Academy of Sciences (India)

    Keywords. Drosophila melanogaster; inversion polymorphism; Southeast Asia; genetic homogeneity; balancing selection. Abstract. East Asian Drosophila melanogaster are known for great variation in morphological and physiological characters among populations, variation that is believed to be maintained by genetic drift.

  10. Statistical methods for assessment of blend homogeneity

    DEFF Research Database (Denmark)

    Madsen, Camilla

    2002-01-01

    of internal factors to the blend e.g. the particle size distribution. The relation between particle size distribution and the variation in drug content in blend and tablet samples is discussed. A central problem is to develop acceptance criteria for blends and tablet batches to decide whether the blend......In this thesis the use of various statistical methods to address some of the problems related to assessment of the homogeneity of powder blends in tablet production is discussed. It is not straight forward to assess the homogeneity of a powder blend. The reason is partly that in bulk materials....... Some methods have a focus on exploratory analysis where the aim is to investigate the spatial distribution of drug content in the batch. Other methods presented focus on describing the overall (total) (in)homogeneity of the blend. The overall (in)homogeneity of the blend is relevant as it is closely...

  11. Homogeneous cosmological models in Yang's gravitation theory

    Science.gov (United States)

    Fennelly, A. J.; Pavelle, R.

    1979-01-01

    We present a dynamic, spatially homogeneous solution of Yang's pure space gravitational field equations which is non-Einsteinian. The predictions of this cosmological model seem to be at variance with observations.

  12. 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

  13. Optimal commodity taxes for Brazil based on AIDS preferences

    Directory of Open Access Journals (Sweden)

    Seki Asano

    2004-03-01

    Full Text Available In this study we calculate optimal commodity taxes for Brazil. Simulations are based on the Almost Ideal Demand System , estimated using Brazilian household data. The trade off between equity and efficiency is taken into account by introducing a government aversion to inequality parameter into a social welfare function, which is maximized subject to a balanced government budget requirement. Our results show that the optimal commodity tax structure is characterized by selective tax rates when the only tax policy instrument available is commodity taxation. We extend the analysis by allowing for a uniform poll payment to be made by the government. In this case tax rates are regressive and poll transfer levels are unreasonably high. When we cap transfers with a binding ceiling the former pattern is restored. Comparing with Siqueira (1998, we have also observed a relative robustness of optimal tax rates to household preferences forms.O presente estudo tem como objetivo calcular a estrutura ótima da tributação sobre o consumo no Brasil. As simulações baseiam-se no sistema de demanda Almost Ideal Demand System estimados com dados da POF/IBGE. O trade off entre eqüidade e eficiência é incorporado no modelo com a introdução de um coeficiente de aversão à desigualdade social na função de bem-estar social, sujeita à restrição de receita do governo. Além da hipótese de que o único instrumento de política tributária disponível seja a tributação sobre o consumo, nosso modelo também admite a concessão de uma transferência uniforme lump sum de renda per capita do governo para todos os agentes econômicos. Os resultados mostram que a estrutura tributária sobre o consumo caracteriza-se pela seletividade das alíquotas, que se torna mais significativa para valores altos do parâmetro de aversão à desigualdade. Este resultado é revertido para uma estrutura tributária regressiva com a introdução de uma transferência uniforme lump

  14. MARKETING CHANNELS

    Directory of Open Access Journals (Sweden)

    Ljiljana Stošić Mihajlović

    2014-07-01

    Full Text Available Marketing channel is a set of entities and institutions, completion of distribution and marketing activities, attend the efficient and effective networking of producers and consumers. Marketing channels include the total flows of goods, money and information taking place between the institutions in the system of marketing, establishing a connection between them. The functions of the exchange, the physical supply and service activities, inherent in the system of marketing and trade. They represent paths which products and services are moving after the production, which will ultimately end up buying and eating by the user.

  15. Marketing maloobchodu

    OpenAIRE

    Demuth, Jan

    2012-01-01

    This thesis is about the situation of retail marketing in Czech republic, with a special focus on in-store marketing instruments and activities. The goal of this work is to evaluate the application of these marketing instruments in a specific retail store. This chosen store is supermarket Billa. The first part of the thesis is offering theoretical base for in-store marketing activities and also presents the history of retail marketing in Czech republic. The second part is focusing on the situ...

  16. Social enterprise in health organisation and management: hybridity or homogeneity?

    Science.gov (United States)

    Millar, Ross

    2012-01-01

    The purpose of this paper is to reflect on social enterprise as an organisational form in health organisation and management. The paper presents a critique of the underlying assumptions associated with social enterprise in the context of English health and social care. The rise of social enterprise models of service provision reflects increasingly hybrid organisational forms and functions entering the health and social care market. Whilst at one level this hybridity increases the diversity of service providers promoting innovative and responsive services, the paper argues that further inspection of the assumptions associated with social enterprise reveal an organisational form that is symbolic of isomorphic processes pushing healthcare organisations toward greater levels of homogeneity, based on market-based standardisation and practices. Social enterprise forms part of isomorphic processes moving healthcare organisation and management towards market norms". In line with the aim of the "New Perspectives section", the paper aims to present a provocative perspective about developments in health and social care, as a spur to further debate and research in this area.

  17. Layout optimization using the homogenization method

    Science.gov (United States)

    Suzuki, Katsuyuki; Kikuchi, Noboru

    1993-01-01

    A generalized layout problem involving sizing, shape, and topology optimization is solved by using the homogenization method for three-dimensional linearly elastic shell structures in order to seek a possibility of establishment of an integrated design system of automotive car bodies, as an extension of the previous work by Bendsoe and Kikuchi. A formulation of a three-dimensional homogenized shell, a solution algorithm, and several examples of computing the optimum layout are presented in this first part of the two articles.

  18. 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

    Full Text Available The objecti e of this study is to increase our understanding of the specification and estimation of agricultural commodity trade models as well as to provide instruments for trade policy analysis. More specifically,the aim is to build a set of dynamic,theory-based econometric models which are able to capture both short-run and long-run effects of income and price changes,and which can be used for prediction and policy simulation under alternati e assumed conditions.A relati ely unrestricted,data determined,econometric modelling approach based on the error correction mechanism is used,in order to emphasise the importance of dynamics of trade functions.Econometric models are constructed for se en agricultural commodities –cassa a,cocoa,coconut oil,palm oil,pepper, rubber,and tea –exported from the Association of Southeast Asian Nations (ASEANto the European Union (EU.With the aim of providing broad commodity co erage,the intent is to explore whether the chosen modelling approach is able to catch the essentials of the behavioural relationships underlying the specialised nature of each commodity market. The import demand analysis of the study examines two key features:(1the response of EU ’s agricultural commodity imports to income and price changes,and (2the length of time required for this response to occur.The estimations of the export demand relationships provide tests whether the exporters ’ market shares are influenced by the le el of relati e export price,and whether exports are affected by ariations in the rate of growth of imports.The export supply analysis examines the relati e influence of real price and some non-price factors in stimulating the supply of exports.The lag distribution (the shape and length of the lagis found to be ery critical in export supply relationships,since the effects of price changes usually take a long time to work themselves through and since the transmission of the price effects can be complex.The set of

  19. Fast Drying of Agriculture Commodities by Using Microwave

    Science.gov (United States)

    Ode Ngkoimani, La; Megawati; Purwana Saputra, Gde; Cahyono, Edi; Aripin, Haji; Gde Suastika, Komang; Nyoman Sudiana, I.

    2017-05-01

    Some progress has been made and reported previously due to investigate microwave effects to materials. The microwave applications for material processing by using wide range microwave frequencies such as in sintering, chemical reaction, and drying have been performed. Microwave drying is based on a unique volumetric heating mode with electromagnetic radiation at 2,450 MHz. However, the quest for a what a true microwave effect is still plagued with difficulties. This paper provides a experimental and theoretical analysis of drying materials using microwave. For drying experiments, in this investigation, we were using a domestic microwave oven which operated at three power levels for drying chamber. The samples are agriculture commodity collected from local farmers. The experimental results show that microwave accelerate drying in most materials. The experimental data were analyzed by using an available model constructed from fundamental physics by other scholars. The model has been applied to more understanding the behavior of the microwave drying material.

  20. Preliminary Metallogenic Map of North America; a listing of deposits by commodity

    Science.gov (United States)

    Lee, Michael P.; Guild, Philip White; Schruben, Paul G.

    1987-01-01

    The 4,215 ore deposits shown on the Preliminary Metallogenic Map of North America and contained in the Metallogenic Map file have been sorted by their principal (first-listed) commodities and grouped into metallic and nonmetallic categories. Deposit listings for 56 individual metals and minerals have been assembled using the data base and are arranged alphabetically by country, political subdivision (for the larger countries), and deposit name. Map numbers, major and minor constituents, geographic coordinates, and a geologic code are given for each deposit; additionally, the relative size and deposit class have been derived from the code and are listed separately. The frequencies of individual commodities and commodity groups by type, geographic distribution, and geologic occurrence are summarized in tables, and the relationships of associated commodities to principal commodities in the data base are emphasized in both tables and brief texts. In all, 49 metals and minerals are listed as principal (first or only) commodities and 7 more are shown as 'major' but not principal commodities. (Commodities listed as 'minor' in the data base were not sorted or tabulated separately.) Metals, divided into six subgroups, predominate over nonmetallic minerals by a ratio of about 7 to 1, although in terms of quantities and value the disparity is not so great. Within the metals group, the ranking according to frequency is as follows: base, precious, iron and alloying, other (antimony, beryllium, and others), nuclear-fuel, and light metals. The most frequently occurring commodity in the Metallogenic Map file is gold. Copper is ranked second, both in number of occurrences and as the principal commodity in deposits. Silver is ranked third in frequency of occurrence; lead and zinc are ranked fourth and fifth, respectively. Iron, ranked sixth in frequency of occurrence as a major commodity, is the third most reported principal commodity in the data base, ahead of silver (ranked fourth

  1. Strategic marketing of innovations in the cosmetic market

    Directory of Open Access Journals (Sweden)

    O. S. Laskina

    2016-01-01

    Full Text Available The article is discusses the scientific and theoretical approaches to marketing of innovations in the cosmetic market in the strategic aspect. It is showing the development of the concept of strategic marketing innovation in the foreign and domestic scientific literature; the key concepts of marketing innovations is clarified; elements of the commercialization of innovative products is identified; the specificity of strategic marketing innovations in the cosmetic market in the Russian conditions is established; actual problems of innovative development and commercialization of innovations is identified; an assessment of the Russian market of innovations. The marketing of innovations – is a systematic methodological approach that combines the strategy and tactics of promotion goods (works, services, technologies, having substantially new properties, at the level of economic entities, it is proved. Under the innovative products offered to understand the implementation of the results of scientific and technological activities in the form of goods, works and services, which have an absolute or relative scientific and technological novelty and (or consumer value, going beyond the existing traditions. Innovative production is subdivided into two main categories: not commercialized and the commercialized production. Process of commercialization of innovative goods is considered as three-level system: the first level is the state innovation policy (macro-level; the second level – regional innovation policy (meso-level; the third level – commodity innovative policy of enterprise (micro-level. It was shown that the weak spots for Russian manufacturers of innovative products has been and remains insufficient elaboration of organizational and methodological approaches to strategic marketing of innovations in industry the as aspect, including in the sector of cosmetic goods. Recommendations for the development of marketing strategy of

  2. Postharvest irradiation treatment for quarantine control of Drosophila suzukii (Diptera: Drosophilidae) in fresh commodities.

    Science.gov (United States)

    Follett, Peter A; Swedman, Allison; Prices, Donald K

    2014-06-01

    Irradiation is a postharvest quarantine treatment option for exported commodities such as stone fruits and small fruits to prevent movement of the new invasive pest spotted wing drosophila, Drosophila suzukii (Walker) (Diptera: Drosophilidae). The effects of irradiation on larval and pupal development and adult reproduction in D. suzukii were examined. Larvae (first, second, and third instars) and pupae (1-2-d-old, 3-5-d-old, and 7-8-d-old) on diet were irradiated at target doses of 20, 30, 40, and 50 Gy in replicated factorial experiments and survival to the adult stage was recorded. Tolerance to radiation increased with increasing age and developmental stage. Males and females were equally susceptible. A radiation dose of 40 Gy applied to first- and second-instar larvae prevented adult emergence. The late-stage pupa was the most radiation-tolerant stage that occurs in fruit, and individuals irradiated at this stage readily emerged as adults; therefore, prevention of F1 adults was the desired treatment response for large-scale validation tests with naturally infested fruit. In large-scale tests, a radiation dose of 80 Gy applied to late-stage pupae in sweet cherries or grapes resulted in no production of F1 adults in > 33,000 treated individuals, which meets the zero tolerance requirement for market access. A minimum absorbed dose of 80 Gy is recommended for quarantine control of D. suzukii.

  3. Emergent organization in a model market

    Science.gov (United States)

    Yadav, Avinash Chand; Manchanda, Kaustubh; Ramaswamy, Ramakrishna

    2017-09-01

    We study the collective behaviour of interacting agents in a simple model of market economics that was originally introduced by Nørrelykke and Bak. A general theoretical framework for interacting traders on an arbitrary network is presented, with the interaction consisting of buying (namely consumption) and selling (namely production) of commodities. Extremal dynamics is introduced by having the agent with least profit in the market readjust prices, causing the market to self-organize. In addition to examining this model market on regular lattices in two-dimensions, we also study the cases of random complex networks both with and without community structures. Fluctuations in an activity signal exhibit properties that are characteristic of avalanches observed in models of self-organized criticality, and these can be described by power-law distributions when the system is in the critical state.

  4. Are we moving towards functioning agricultural markets and trade relations?

    DEFF Research Database (Denmark)

    Brosig, Stephan; Glauben, Thomas; Levkovych, Inna

    2016-01-01

    We introduce a special feature on the functioning of international agricultural markets. This feature is motivated by the increased interest in the functioning of commodity markets raised by unprecedented price turbulences since 2008, major structural changes through changed roles of emerging eco...... and transition countries. A synthesis of the articles included in the special feature is provided by highlighting the selection of topics that span a topical range covering price formation on world and domestic markets, market power and trade policy modelling.......We introduce a special feature on the functioning of international agricultural markets. This feature is motivated by the increased interest in the functioning of commodity markets raised by unprecedented price turbulences since 2008, major structural changes through changed roles of emerging...... economies and related concerns regarding food security. We argue that the delineation of non-functioning markets from markets that adequately adjusted to adverse framework conditions lacks theoretical foundation. We discuss the relevance of some results on institutions for agricultural markets in emerging...

  5. MARKETING AGENCIES AND THE ECONOMICS OF MARKET SEGMENTATION

    OpenAIRE

    Martin, S.K.; Zwart, A.C.

    1987-01-01

    Increasing importance is being attached to market segmentation strategies as a means of increasing producer returns. In this paper, a generalised model of price discrimination without supply control is developed to analyse the implications of optimal segmentation strategies for non-homogeneous products. It is shown that the magnitude of producer returns is dependent on demand and supply conditions, with increases in returns falling as price elasticities of demand and supply increase. The mode...

  6. Marketization Revisited

    DEFF Research Database (Denmark)

    Hansen, Morten Balle; Lindholst, Andrej Christian

    2016-01-01

    Purpose: The purpose of this introduction article to the IJPSM special issue on marketization is to clarify the conceptual foundations of marketization as a phenomenon within the public sector and to gauge current marketization trends on the basis of the seven articles in the special issue. Design....../methodology/approach: Conceptual clarification and cross-cutting review of seven articles analysing marketization in six countries in three policy areas at the level of local government. Findings: Four ideal-type models are deduced: Quasi-markets, involving both provider competition and free choice for users; Classic contracting...... out; Benchmarking and yardstick competition; and Public-Private collaboration. On the basis of the review of the seven articles, it is found that all elements in all marketization models are firmly embedded but also under dynamic change within public service delivery systems. The review also...

  7. Marketing automation

    Directory of Open Access Journals (Sweden)

    TODOR Raluca Dania

    2017-01-01

    Full Text Available The automation of the marketing process seems to be nowadays, the only solution to face the major changes brought by the fast evolution of technology and the continuous increase in supply and demand. In order to achieve the desired marketing results, businessis have to employ digital marketing and communication services. These services are efficient and measurable thanks to the marketing technology used to track, score and implement each campaign. Due to the technical progress, the marketing fragmentation, demand for customized products and services on one side and the need to achieve constructive dialogue with the customers, immediate and flexible response and the necessity to measure the investments and the results on the other side, the classical marketing approached had changed continue to improve substantially.

  8. Sport Marketing

    OpenAIRE

    Ekmekci, Ridvan; Ekmekçi, Aytul Yeter

    2009-01-01

    Abstract  Marketing which is entered to almost our whole life, now more than goods and services, became an important  concept of ideas, persons, institutions, events, and facilities. As a main activities of business co. marketing has an important place in sports industry. Recently, the development of special sport marketing strategies and the presentation of sport goods and services to consumers are gaining importance. Efforts of increasing income of sport clubs, because of sport organization...

  9. Microoptics for homogeneous LED-illumination

    Science.gov (United States)

    Schreiber, Peter; Kudaev, Sergey; Dannberg, Peter; Gebhardt, Andreas

    2006-04-01

    LED-optics for homogeneous illumination of rectangular areas - as required for reading lamps or lighting of imagers - employ a primary optics which acts as collimator and a secondary optics for beam shaping, homogenization and relaying the light onto the illuminated plane. Efficient primary optics are realized by concentrators which are either simple reflecting or combined refractivereflective devices. Different design algorithms based on the modelling of the concentrators by Bezier splines were developed: A modification of the edge-ray principle allows the formulation of the merit function in geometrical terms (for instance the divergence after collimator), while a more general algorithm with direct Powell optimization allows for combined optimization criteria like efficiency and homogeneity in near- and/or farfield. Concentrator prototypes were realized by direct diamond-turning into PMMA. Telecentric, homogeneous illumination of rectangular areas is achieved by a subsequent secondary optics with tandem lens array integrators. We describe design rules for array integrator optics derived from a simple ABCD-matrix formalism. Based on these rules, sequential real raytracing is used for the actual optics system design and analysis of aberrations, which deteriorate homogeneity and useful system transmission. We realized miniaturized array integrators with monolithic tandem microlens arrays, which remarkably reduce overall system length compared to light-pipe approaches. Double-sided cylindrical microlens arrays with large fill-factor over 99%, realized by polymer-on-glass replication of reflow lenses, relax system assembly by shifting critical adjustment steps into element manufacturing.

  10. Averaging principle for second-order approximation of heterogeneous models with homogeneous models.

    Science.gov (United States)

    Fibich, Gadi; Gavious, Arieh; Solan, Eilon

    2012-11-27

    Typically, models with a heterogeneous property are considerably harder to analyze than the corresponding homogeneous models, in which the heterogeneous property is replaced by its average value. In this study we show that any outcome of a heterogeneous model that satisfies the two properties of differentiability and symmetry is O(ε(2)) equivalent to the outcome of the corresponding homogeneous model, where ε is the level of heterogeneity. We then use this averaging principle to obtain new results in queuing theory, game theory (auctions), and social networks (marketing).

  11. Averaging principle for second-order approximation of heterogeneous models with homogeneous models

    Science.gov (United States)

    Fibich, Gadi; Gavious, Arieh; Solan, Eilon

    2012-01-01

    Typically, models with a heterogeneous property are considerably harder to analyze than the corresponding homogeneous models, in which the heterogeneous property is replaced by its average value. In this study we show that any outcome of a heterogeneous model that satisfies the two properties of differentiability and symmetry is O(ɛ2) equivalent to the outcome of the corresponding homogeneous model, where ɛ is the level of heterogeneity. We then use this averaging principle to obtain new results in queuing theory, game theory (auctions), and social networks (marketing). PMID:23150569

  12. Homogenity of Die Casting and Returning Material

    Directory of Open Access Journals (Sweden)

    J. Malik

    2012-04-01

    Full Text Available Homogeneity of die castings is influenced by wide range of technological parameters as piston velocity in filling chamber of die casting machine, filling time of mould cavity, temperature of cast alloy, temperature of the mould, temperature of filling chamber, surface pressure on alloy during mould filling, final pressure and others. Based on stated parameters it is clear, that main parameters of die casting are filling time of die mould cavity and velocity of the melt in the ingates. Filling time must ensure the complete filling of the mould cavity before solidification process can negatively influence it. Among technological parameters also belong the returning material, which ratio in charge must be constrained according to requirement on final homogeneity of die castings. With the ratio of returning material influenced are the mechanical properties of castings, inner homogeneity and chemical composition.

  13. Cargo Logistics Airlift Systems Study (CLASS). Volume 3: Cross impact between the 1990 market and the air physical distribution systems, book 2

    Science.gov (United States)

    Burby, R. J.; Kuhlman, W. H.

    1978-01-01

    Book 2 of this volume is divided into the following sections: (1) commodities and system networks; (2) future mode choice decisions and commodity air eligibility; (3) comparative cargo transportation costs - air, truck, rail and water; (4) elasticities of demand; (5) operating cost; (6) operating profit, rate making, and returns; (7) importance of rate and service on future aircraft; (8) potential market demand for new aircraft; (9) scenario of events affecting system/market growth; and (10) future study and technology requirements.

  14. Harmonic analysis on spaces of homogeneous type

    CERN Document Server

    Deng, Donggao

    2009-01-01

    The dramatic changes that came about in analysis during the twentieth century are truly amazing. In the thirties, complex methods and Fourier series played a seminal role. After many improvements, mostly achieved by the Calderón-Zygmund school, the action today is taking place in spaces of homogeneous type. No group structure is available and the Fourier transform is missing, but a version of harmonic analysis is still available. Indeed the geometry is conducting the analysis. The authors succeed in generalizing the construction of wavelet bases to spaces of homogeneous type. However wavelet bases are replaced by frames, which in many applications serve the same purpose.

  15. Homogenization of High-Contrast Brinkman Flows

    KAUST Repository

    Brown, Donald L.

    2015-04-16

    Modeling porous flow in complex media is a challenging problem. Not only is the problem inherently multiscale but, due to high contrast in permeability values, flow velocities may differ greatly throughout the medium. To avoid complicated interface conditions, the Brinkman model is often used for such flows [O. Iliev, R. Lazarov, and J. Willems, Multiscale Model. Simul., 9 (2011), pp. 1350--1372]. Instead of permeability variations and contrast being contained in the geometric media structure, this information is contained in a highly varying and high-contrast coefficient. In this work, we present two main contributions. First, we develop a novel homogenization procedure for the high-contrast Brinkman equations by constructing correctors and carefully estimating the residuals. Understanding the relationship between scales and contrast values is critical to obtaining useful estimates. Therefore, standard convergence-based homogenization techniques [G. A. Chechkin, A. L. Piatniski, and A. S. Shamev, Homogenization: Methods and Applications, Transl. Math. Monogr. 234, American Mathematical Society, Providence, RI, 2007, G. Allaire, SIAM J. Math. Anal., 23 (1992), pp. 1482--1518], although a powerful tool, are not applicable here. Our second point is that the Brinkman equations, in certain scaling regimes, are invariant under homogenization. Unlike in the case of Stokes-to-Darcy homogenization [D. Brown, P. Popov, and Y. Efendiev, GEM Int. J. Geomath., 2 (2011), pp. 281--305, E. Marusic-Paloka and A. Mikelic, Boll. Un. Mat. Ital. A (7), 10 (1996), pp. 661--671], the results presented here under certain velocity regimes yield a Brinkman-to-Brinkman upscaling that allows using a single software platform to compute on both microscales and macroscales. In this paper, we discuss the homogenized Brinkman equations. We derive auxiliary cell problems to build correctors and calculate effective coefficients for certain velocity regimes. Due to the boundary effects, we construct

  16. Flows and chemical reactions in homogeneous mixtures

    CERN Document Server

    Prud'homme, Roger

    2013-01-01

    Flows with chemical reactions can occur in various fields such as combustion, process engineering, aeronautics, the atmospheric environment and aquatics. The examples of application chosen in this book mainly concern homogeneous reactive mixtures that can occur in propellers within the fields of process engineering and combustion: - propagation of sound and monodimensional flows in nozzles, which may include disequilibria of the internal modes of the energy of molecules; - ideal chemical reactors, stabilization of their steady operation points in the homogeneous case of a perfect mixture and c

  17. China and the global uranium market: prospects for peaceful coexistence.

    Science.gov (United States)

    Massot, Pascale; Chen, Zhan-Ming

    2013-01-01

    China's recent reemergence has resulted in a significant increase in the global demand of commodities and is already having major impacts on the dynamics of global commodity markets. In the case of the global uranium market, we stand at the very beginning of a period of change. However, interesting trends are already emerging. Whereas China has had many policy reversals, and some difficulties in taking control of its procurement strategy in other commodity markets, it is seemingly more successful in managing its uranium procurement strategy. Why? The argument presented here is that a mixture of domestic and international level variables has allowed China more room for maneuver in fulfilling its uranium procurement strategy. On the domestic level, a centralized industry, and, on the international level, a geographically dispersed and uncoordinated market have allowed China to forge ahead with an ambitious civilian nuclear power plan and triple its total uranium imports, all within the span of a few years. Many challenges remain, not the least that of negative public opinion, which has surged since the Fukushima disaster in 2011. Nevertheless, should uranium demand continue to grow, this paper will consider the potential for continued peaceful coexistence among uranium market participants worldwide.

  18. Sexual Markets or Black Markets?

    DEFF Research Database (Denmark)

    Groes-Green, Christian

    2014-01-01

    sex with sugar-daddies, called sponsors or patrons, who provide for them in exchange for sex while male peers often become street vendors, street artists or petty criminals engaged in the so-called ‘black’ markets of theft, sale of counterfeits, and circulation of stolen goods, alcohol and drugs. As I...... show, these gendered markets are highly entangled and interdependent, and as I argue, male and female markets use many of the same technologies, sources and circuits of exchange...

  19. Environmental controls: Market incentives v. direct regulation

    Energy Technology Data Exchange (ETDEWEB)

    Kosobud, R.F.; Atallah, D.S. [Univ. of Illinois, Chicago, IL (United States)

    1996-12-31

    Cap-and-trade environmental markets, where the commodities are tradable pollution rights, are being introduced in several closely watched applications as a potentially more cost-effective way of cleaning up the environment than direct or command-and-control (CAC) regulation. In this study, we examine the evidence on control cost savings provided by price and transactions data from the first few years of activity in two markets designed to reduce atmospheric pollution. Some observers of both markets have argued that prices for tradable permits lower than expected, and transactions fewer than expected, are evidence that the markets are not achieving the hoped for savings. It was found, on the contrary, that observed prices point toward more flexible and improved pollution control choices and that the number of transactions has been steadily increasing as market incentives are incorporated into enterprise decisions. These new markets during their first few years are generating, according to our estimates, control cost savings in the neighborhood of one to two billion dollars annually. However, there is evidence that the markets have not yet reached their full potential. In the course of this study, several obstacles to market performance were found that are worthy of attention by policy makers. 13 refs., 4 figs., 1 tab.

  20. Modeling strategic investment decisions in spatial markets

    Energy Technology Data Exchange (ETDEWEB)

    Lorenczik, Stefan; Malischek, Raimund [Koeln Univ. (Germany). Energiewirtschaftliches Inst.; Trueby, Johannes [International Energy Agency, 75 - Paris (France)

    2014-04-15

    Markets for natural resources and commodities are often oligopolistic. In these markets, production capacities are key for strategic interaction between the oligopolists. We analyze how different market structures influence oligopolistic capacity investments and thereby affect supply, prices and rents in spatial natural resource markets using mathematical programing models. The models comprise an investment period and a supply period in which players compete in quantities. We compare three models, one perfect competition and two Cournot models, in which the product is either traded through long-term contracts or on spot markets in the supply period. Tractability and practicality of the approach are demonstrated in an application to the international metallurgical coal market. Results may vary substantially between the different models. The metallurgical coal market has recently made progress in moving away from long-term contracts and more towards spot market-based trade. Based on our results, we conclude that this regime switch is likely to raise consumer rents but lower producer rents. The total welfare differs only negligibly.

  1. Uncooled LWIR imaging: applications and market analysis

    Science.gov (United States)

    Takasawa, Satomi

    2015-05-01

    The evolution of infrared (IR) imaging sensor technology for defense market has played an important role in developing commercial market, as dual use of the technology has expanded. In particular, technologies of both reduction in pixel pitch and vacuum package have drastically evolved in the area of uncooled Long-Wave IR (LWIR; 8-14 μm wavelength region) imaging sensor, increasing opportunity to create new applications. From the macroscopic point of view, the uncooled LWIR imaging market is divided into two areas. One is a high-end market where uncooled LWIR imaging sensor with sensitivity as close to that of cooled one as possible is required, while the other is a low-end market which is promoted by miniaturization and reduction in price. Especially, in the latter case, approaches towards consumer market have recently appeared, such as applications of uncooled LWIR imaging sensors to night visions for automobiles and smart phones. The appearance of such a kind of commodity surely changes existing business models. Further technological innovation is necessary for creating consumer market, and there will be a room for other companies treating components and materials such as lens materials and getter materials and so on to enter into the consumer market.

  2. The characteristic of the problems of the Common organization of the market for wine

    Directory of Open Access Journals (Sweden)

    Petra Cyvínová

    2004-01-01

    Full Text Available The Czech Republic is part of integrated domestic market of the European Union and it is abided by rules of the Common agricultural policy for the common organization of the market for single sectors of commodities in case of agrarian products. All Czech commodities have free access on the whole territory of domestic market of the European Union without the tariff and non-tariff barriers. It was abolished the customs procedure, the proving of the origin and the founding of bonded warehouse and the paying of licence fee and charges for certification. The Czech farmers (vine-growers can operate in stabilized business environment on the basis of definite rules of economic competition.The Czech Republic within a regulation of an agrarian trade must manage common regulations of a horizontal character and vertical regulations for the sectors of commodities after the integration into the EU. The regulation is executed through the common organization of the market. The common organization of the market in wine is based on three principles – regulation of the supply, regulation of the wine quality and regulation of the market.These rules are concerned with domestic market, when the commodities move within European Union and within foreign trade, when commodities are transported a frontier. The regulation of external agrarian trade, which is concerned with conditions of import and conditions of export, is executed through the so-called trade mechanisms. The import licence and export licence, export aid and guarantee belong among these mechanisms of regulation. The intervention purchases, sales, support of private storage and so on belong among basic tools of regulation of domestic agrarian market.The paper is focused on an analysis of the problems of the common organization of the market in wine and its impact on the wine-growing industry in the Czech Republic.

  3. 7 CFR 1499.11 - Use of commodities and sale proceeds.

    Science.gov (United States)

    2010-01-01

    ... 1499.11 Agriculture Regulations of the Department of Agriculture (Continued) COMMODITY CREDIT... of donated commodities on the basis of political affiliation, geographic location, or the ethnic, tribal or religious identity or affiliation of the potential consumers or beneficiaries. (c) A...

  4. 75 FR 38073 - Information Collection; Commodity Request (Food Aid Request Entry System (FARES))

    Science.gov (United States)

    2010-07-01

    ... collected and processed electronically through the FARES. The Web-Based Supply Chain Management system... Entry System (FARES)) AGENCY: Commodity Credit Corporation and Farm Service Agency, USDA. ACTION: Notice... Request Entry System (FARES). FSA and CCC procure various processed foods and commodities to be exported...

  5. Cross-commodity delay discounting of alcohol and money in alcohol users.

    Science.gov (United States)

    Moody, Lara N; Tegge, Allison N; Bickel, Warren K

    2017-06-01

    Despite real-world implications, the pattern of delay discounting in alcohol users when the commodities now and later differ has not been well characterized. In this study, 60 participants on Amazon's Mechanical Turk completed the Alcohol Use Disorder Identification Test (AUDIT) to assess severity of use and completed four delay discounting tasks between hypothetical, equivalent amounts of alcohol and money available at five delays. The tasks included two cross-commodity (alcohol now-money later and money now-alcohol later) and two same-commodity (money now-money later and alcohol now-alcohol later) conditions. Delay discounting was significantly associated with clinical cutoffs of the AUDIT for both of the cross-commodity conditions but not for either of the same-commodity delay discounting tasks. The cross-commodity discounting conditions were related to severity of use wherein heavy users discounted future alcohol less and future money more. The change in direction of the discounting effect was dependent on the commodity that was distally available suggesting a distinctive pattern of discounting across commodities when comparing light and heavy alcohol users.

  6. 76 FR 37797 - Application to Export Electric Energy; Freepoint Commodities, LLC

    Science.gov (United States)

    2011-06-28

    ... United States. The electric energy that Freepoint Commodities proposes to export to Mexico would be... application to export electric energy to Mexico should be clearly marked with OE Docket No.EA-379. An... Application to Export Electric Energy; Freepoint Commodities, LLC AGENCY: Office of Electricity Delivery and...

  7. 76 FR 23539 - Proposed Information Collection; Comment Request; Commodity Flow Survey

    Science.gov (United States)

    2011-04-27

    ... Census Bureau Proposed Information Collection; Comment Request; Commodity Flow Survey AGENCY: U.S. Census... ). SUPPLEMENTARY INFORMATION: I. Abstract The Commodity Flow Survey, a component of the Economic Census, is the only comprehensive source of multi-modal, system-wide data on the volume and pattern of goods movement...

  8. 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

  9. 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

  10. 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.

  11. 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

  12. Commodity specific rates of temporal discounting: does metabolic function underlie differences in rates of discounting?

    Science.gov (United States)

    Charlton, Shawn R; Fantino, Edmund

    2008-03-01

    Discounting rates vary as a function of commodity type. Previous studies suggest five potential characteristics of the commodity that could explain these differences: type of reinforcer (primary or secondary), if the commodity is perishable, if the commodity is satiable, if the commodity can be directly consumed, and immediacy of consumption. This paper suggests that these characteristics may best be viewed as related to a more fundamental characteristic: metabolic processing. In order to explore the possibility that metabolic processing underlies changes in discount rates, the difference in discounting between food, money, music CDs, DVDs, and books are compared. Music CDs, DVDs, and books share many characteristics in common with food, including gaining value through a physiological process, but are not directly metabolized. Results are consistent with previous findings of commodity specific discount rates and show that metabolic function plays a role in determining discount rates with those commodities that are metabolized being discounted at a higher rate. These results are interpreted as evidence that the discount rate for different commodities lies along a continuum with those that serve an exchange function rather than a direct function (money) anchoring the low end and those that serve a direct metabolic function capping the high end (food, alcohol, drugs).

  13. 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

  14. 17 CFR 240.15c1-8 - Sales at the market.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Sales at the market. 240.15c1... Securities Exchange Act of 1934 Rules Relating to Over-The-Counter Markets § 240.15c1-8 Sales at the market... securities exchange that such security is being offered to such customer “at the market” or at a price...

  15. Direct marketing

    Directory of Open Access Journals (Sweden)

    Čičić Muris

    2002-01-01

    Full Text Available Direct Marketing (DM is usually treated as unworthy activity, with actions at the edge of legality and activities minded cheating. Despite obvious problems regarding ethics and privacy threat, DM with its size, importance and role in a concept of integrated marketing communication deserves respect and sufficient analysis and review

  16. Tourism Marketing.

    Science.gov (United States)

    North Carolina State Dept. of Public Instruction, Raleigh. Div. of Vocational Education.

    This document contains teacher materials for a 6-unit, 1-year distributive education course in marketing tourism offered in grades 11 and 12 in North Carolina. Although in general the material presented concerns marketing tourism anywhere, some of it is specifically related to tourism within North Carolina. A purpose statement explains the…

  17. Art Markets

    NARCIS (Netherlands)

    P.A. Arora (Payal); F.R.R. Vermeylen (Filip)

    2013-01-01

    textabstractThe advent of digitization has had a profound impact on the art market and its institutions. In this chapter, we focus on the market for visual arts as it finds its expression in (among other) paintings, prints, drawings, photographs, sculpture and the like. These artistic disciplines

  18. Marketing Management

    DEFF Research Database (Denmark)

    Wilke, Ricky

    2012-01-01

    Book review of: Christian Homburg, Sabine Kuester, Harley Krohmer, Marketing Management – A Contemporary Perspective, McGraw-Hill Higher Education, 2009......Book review of: Christian Homburg, Sabine Kuester, Harley Krohmer, Marketing Management – A Contemporary Perspective, McGraw-Hill Higher Education, 2009...

  19. Agricultural Marketing.

    Science.gov (United States)

    Helt, Lawrence; And Others

    Designed for use in farm business management adult programs, this marketing curriculum includes six teaching lessons and professional staff products. The following topics are covered in the lessons: introduction to marketing; interpretation of price/demand/supply cycles and fundamental outlook trends (carryover/projections/disappearance); farmers'…

  20. Homogenization-Based Numerical Mathods, Homogenization, Asymptotic Analysis, Asymptotic Expansion, Numerical Simulation

    OpenAIRE

    Frenod, Emmanuel

    2013-01-01

    In this note, a classification of Homogenization-Based Numerical Methods and (in particular) of Numerical Methods that are based on the Two-Scale Convergence is done. In this classification stand: Direct Homogenization-Based Numerical Methods; H-Measure-Based Numerical Methods; Two-Scale Numerical Methods and TSAPS: Two-Scale Asymptotic Preserving Schemes.