WorldWideScience

Sample records for range management investments

  1. The Investment Management of Bank

    Directory of Open Access Journals (Sweden)

    Mostenets Alina V.

    2017-04-01

    Full Text Available The article is aimed at studying the theoretical value of bank investment and the investment activities of bank, as well as improving the investment management of bank. The main task under this objective is to characterize the investment activities of bank and to consider in detail its credit and investment portfolio. An analysis of the credit and investment portfolio of 10 domestic banks of Ukraine was carried out. Structure of their credit and investment portfolio was studied in detail. A graphic of the credit and investment portfolio of banks, which were the most active in the investment activities as of 1 January 2015-2017, has been provided. Changes in the credit and investment portfolio that impact the performance of bank have been displayed.

  2. RISKS IN INVESTMENT AND MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Ms. Tatiana A. Ykovleva

    2016-12-01

    Full Text Available The article discusses the features of investment risks and their causes, as well as provides a detailed classification of investment risks. The authors reveal the essence and content of the investment process, risk management, providing material for presentation in the form of a diagram. In conclusion, the article explains the use of the system of specialized institutions as a way to exclude the basic, or primary investment risk.

  3. ESG Integration and the Investment Management Process : Fundamental Investing Reinvented

    NARCIS (Netherlands)

    van Duuren, Emiel; Plantinga, Auke; Scholtens, Bert

    2016-01-01

    We investigate how conventional asset managers account for environmental, social and governance factors (ESG) in their investment process. We do so on the basis of an international survey among fund managers. We find that many conventional managers integrate responsible investing in their investment

  4. Quantitative investment strategies and portfolio management

    NARCIS (Netherlands)

    Guo, J.

    2012-01-01

    This book contains three essays on alternative investments and portfolio management. Taking from a portfolio investor’s perspective, the first essay analyzes the portfolio implication of investing in hedge funds when there is a hedge fund lockup period. The second essay studies the investment

  5. Outsourced Investment Management: An Overview for Institutional Decision-Makers

    Science.gov (United States)

    Griswold, John S.; Jarvis, William F.

    2013-01-01

    Outsourcing of investment management is a growing trend among institutional investors. With a broad range of institutions using or exploring the outsourced chief investment officer (OCIO) model, portfolio size is no longer the determining factor driving the outsourcing decision. For all but the largest institutional investors--those with deep…

  6. Range management visual impacts

    Science.gov (United States)

    Bruce R. Brown; David Kissel

    1979-01-01

    Historical overgrazing of western public rangelands has resulted in the passage of the Public Rangeland Improvement Act of 1978. The main purpose of this Act is to improve unsatisfactory range conditions. A contributing factor to unfavorable range conditions is adverse visual impacts. These visual impacts can be identified in three categories of range management: range...

  7. 17 CFR 270.17f-2 - Custody of investments by registered management investment company.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Custody of investments by....17f-2 Custody of investments by registered management investment company. (a) The securities and similar investments of a registered management investment company may be maintained in the custody of such...

  8. 12 CFR 652.10 - Investment management and requirements.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Investment management and requirements. 652.10... MORTGAGE CORPORATION FUNDING AND FISCAL AFFAIRS Investment Management § 652.10 Investment management and requirements. (a) Investment policies—board responsibilities. Your board of directors must adopt written...

  9. MANAGING LARGE INVESTMENT PROJECTS IN GORJ

    Directory of Open Access Journals (Sweden)

    CÎRNU DORU

    2016-12-01

    Full Text Available Currently, the concept of project management is considered to be the best concept for efficient management of a project, so it is used all over the world, and most recently in our country. This concept is designed with all the general characteristics of project management, but adapted to the large investment projects. This paper presents the project management concept and project management organization for capital projects. This concept is conceived with all general characteristics of project management, but adopted to the condition of large investment projects. The concept also includes the project team and the project manager, the person authorized and responsible for achieving the objectives planned in the project. For efficient managing by project, it is necessary to insure a good compozition of project team, as a team of people who, in collaboration with project manager, work directly on managing the project. To effectively manage the project, it is necessary to ensure a proper composition of the project team, a team of people who, in collaboration with the project manager to work directly for project management. It is a particularly good method of achieving the objectives planned projects, which means a project with a certain level of performance required in a planned time, with planned costs.

  10. 12 CFR 615.5133 - Investment management.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Investment management. 615.5133 Section 615.5133 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM FUNDING AND FISCAL AFFAIRS, LOAN... internal controls to detect and prevent loss, fraud, embezzlement, conflicts of interest, and unauthorized...

  11. Logistic description of investment and construction management

    Directory of Open Access Journals (Sweden)

    Sborshchikov Sergey Borisovich

    2014-01-01

    Full Text Available The article is devoted to the questions of defining dynamic behavior of investment and construction activity as a technical and economic system and its formalized description. It is offered to use the term "condition vector" as one of the main characteristics while describing investment and construction activity. Logistic interpretation of a sustainable development of investment and construction defines the concept of optimum trajectory, which considers various dependencies of its components (construction operations, their preparation, design, material, technique, personnel, information, investment, etc.. It is necessary to point out that this state is homeostatic, which means, the managing system must provide continuous monitoring of each system component of investment and construction activities in accordance with the sustainable development pathway. The concept of dynamic balance used in logistics is identical to the concept of homeostatic balance, which is accepted in system engineering. It is defined as a property of technical and economic system, which implies that its deviations from the development pathway lie within admissible values.

  12. \\t Capital Planning and Investment Control (CPIC) for the Management of Information Technology Investments

    Science.gov (United States)

    Capital Planning and Investment Control (CPIC) is the Information Technology (IT) governance and management methodology in use at EPA for selecting, controlling and evaluating the performance of EPA IT investments throughout the full lifecycle.

  13. Optimal Investment by Financially Xenophobic Managers

    OpenAIRE

    Jason G. Cummins; Ingmar Nyman

    2000-01-01

    Case studies show that corporate managers seek financial independence to avoid interference by outside financiers. We incorporate this financial xenophobia as a fixed cost in a simple dynamic model of financing and investment. To avoid refinancing in the future, the firm alters its behavior depending on the extent of its financial xenophobia and the realization of a revenue shock. With a sufficiently adverse shock, the firm holds no liquidity. Otherwise, the firm precautionarily saves and hol...

  14. FINANCIAL MANAGEMENT OF THE INVESTMENT CYCLE

    Directory of Open Access Journals (Sweden)

    Boby Costi

    2014-10-01

    Full Text Available Any modern entity operates with the purpose to generate profit, and also to generate sufficient cash flow as to cover its operations and to never be in the position of being unable to cope with payments. Depending on the financial policy, part of the earnings of the entity can be used to sustainable purchase fixed assets. It is known that an entity needs investments in order to develop. to make investments, it needs financial sources. Nowadays, the access to resources, and especially to external resources, is becoming increasingly difficult. Therefore, any responsible entity takes measures to increase its capacity to self-finance. The capacity to self-finance reflects the financial potential for economic growth of an entity, namely the internal source of financing, and one of the important elements that influence the capacity of self-financing is depreciation. For this reason, the way depreciation is approached within an entity is a decision matter of the management.

  15. The financial management as a tool for development investment decision

    Directory of Open Access Journals (Sweden)

    Damnjanović Radovan M.

    2017-01-01

    Full Text Available Investment decisions, which influence the investment of financial resources to achieve economic, non-economic, or of both objectives and effects in the future, the central subject of financial management. Using the methods of financial mathematics can predict the effects of the investment which is from the standpoint of efficiency ratings are expressed in the form of cash future income. Periods, the investments and the use of investment, may be the same or different lengths. From an economic standpoint it is desirable that the period of the investment is short, and the economic effects of the eyelids investments as long as possible. For an investment is said to be cost-effective or cost-effective if the current value of the investment is less than the present value of income from investments.

  16. Investment risk management by applying contemporary modern portfolio theory

    Directory of Open Access Journals (Sweden)

    Jakšić Milena

    2015-01-01

    Full Text Available Investment risk is the principal threat to the assets side of the balance sheets of financial institutions. It is evident that investors who concentrate their wealth on one type of securities can rarely be found. Instead, they tend to invest diversified portfolio of securities. This reduces the degree of risk of the expected return, which depends both on the absolute risk of each investment in the portfolio, and the relationship that exists between individual investments within the portfolio. The paper analyzes the investment risk management by using modern portfolio theory in both national and global financial f lows. At the same time, the paper considers the risk management models that ensures efficient portfolio diversification, aiming at investment risk reduction. It is pointed out that the investment risk management in modern financial f lows is a complex process, and that the development of financial theory goes towards improving, soft risk management method.

  17. RISK MANAGEMENT OF INVESTMENT PORTFOLIO BY FUTURE

    Directory of Open Access Journals (Sweden)

    K. Kerimov Alexandr

    2017-01-01

    Full Text Available The article considers the problem of the dynamic risk management of the investment portfolio using future con- tracts. The management starts with the concept of effective inhomogeneous portfolios, which contain futures together with underlying asserts. The effective portfolios are defined as the ones of the minimal dispersion with the expected return greater or equal to the specified value. Risk is measured by the probability of losing of a certain part of the portfolio value. The control parameters are the number of futures for each asset of portfolio, which is defined from the condition of effec- tiveness of portfolio and risk acceptability on each step.The effective adaptive strategies of portfolio risk management together with comparative analysis on a concrete example are presented. The proposed approach provides the forecast correction of the expected income and its variance for the assets with the emergence of new data. The financial time series are determined by volatility clustering, i.e. relative or absolute price changes tend to keep high or low magnitude for some time, with the result that clusters are created - periods of high or low volatility. Then adaptive estimate of correlational relationships between asset prices are essential because the degree of correlational relationship also changes in time. So the correlation of future and spot price changes considerably increases while approaching to performance of contracts. For taking into account of data instability of dispersion and correlation simple methods of volatility forecasting and correlation of relative changes of price data based on exponential smoothing are implemented.

  18. Fiduciary and Legal Considerations for Student-Managed Investment Funds

    Science.gov (United States)

    Gradisher, Suzanne; Kahl, Douglas R.; Clinebell, John M.; Stevens, Jerry L.

    2016-01-01

    Student-managed investment funds are popular forms of experiential learning in business schools and finance departments. The investment management experience is a real world activity and the structure of the fund may also introduce real world fiduciary and legal responsibilities for students, faculty, and administrators. The authors review how the…

  19. CHARACTERISTICS OF INVESTMENT PORTFOLIOS PASSIVE MANAGEMENT STRATEGY ON THE CAPITAL MARKET

    OpenAIRE

    MIHAELA SUDACEVSCHI

    2013-01-01

    The strategies of investment portfolios management on the capital market involves a range of transactions with different financial securities, aimed at optimizing the results. On a developed and efficient capital market, with a high liquidity level, portfolio management primarly depends on investor’s targeted level of return and the risk profile of the investor. Passive strategy of investment portfolios management is applied especially by risk aversion investors, who are taking into account a...

  20. Gambling for Dollars: Strategic Hedge Fund Manager Investment

    OpenAIRE

    Bernhardt, Dan; Nosal, Ed

    2013-01-01

    Hedge fund managers differ in ability and investors want to distinguish good ones from bad. Via the design of their investment strategies, better fund managers want to ease this inference problem while worse fund managers want to complicate it. We impose only the minimal restrictions on the nature the investment strategies that, on average, returns reflect the hedge fund manager's ability and that returns be bounded from below, and solve for the set of equilibria that emerge. We then show tha...

  1. Delegated Asset Management, Investment Mandates, and Capital Immobility

    OpenAIRE

    Zhiguo He; Wei Xiong

    2008-01-01

    This paper develops a model to explain the widely used investment mandates in the institutional asset management industry based on two insights: First, giving a manager more investment flexibility weakens the link between fund performance and his effort in the designated market, and thus increases agency cost. Second, the presence of outside assets with negatively skewed returns can further increase the agency cost if the manager is incentivized to pursue outside opportunities. These effects ...

  2. 77 FR 34095 - Federated Investment Management Company and Federated ETF Trust; Notice of Application

    Science.gov (United States)

    2012-06-08

    ... COMMISSION Federated Investment Management Company and Federated ETF Trust; Notice of Application June 1...: Federated Investment Management Company (``Federated'') and Federated ETF Trust (the ``Trust''). Summary of... offer one actively- managed investment series: Federated Active Ultrashort Fixed Income ETF (the...

  3. 75 FR 47318 - GE Asset Management Incorporated and GE Investment Distributors, Inc.; Notice of Application and...

    Science.gov (United States)

    2010-08-05

    ... COMMISSION GE Asset Management Incorporated and GE Investment Distributors, Inc.; Notice of Application and.... Applicants: GE Asset Management Incorporated (``GEAM'') and GE Investment Distributors, Inc. (``GEID... Management, Office of Investment Company Regulation). SUPPLEMENTARY INFORMATION: The following is a temporary...

  4. CHARACTERISTICS OF INVESTMENT PORTFOLIOS PASSIVE MANAGEMENT STRATEGY ON THE CAPITAL MARKET

    Directory of Open Access Journals (Sweden)

    MIHAELA SUDACEVSCHI

    2013-05-01

    Full Text Available The strategies of investment portfolios management on the capital market involves a range of transactions with different financial securities, aimed at optimizing the results. On a developed and efficient capital market, with a high liquidity level, portfolio management primarly depends on investor’s targeted level of return and the risk profile of the investor. Passive strategy of investment portfolios management is applied especially by risk aversion investors, who are taking into account all existing risks in the capital market and seeking to preserve the value of investments, rather than increasing its value. This strategy presume that the investor has no information about the prices and the return of securities that would make him to give to his investment portfolio a different structure from the structure of capital market portfolio. Therefore, he will seek a return level equal to the return on the market portfolio, minimizing the portfolio risk up to eliminating the specific risk.

  5. Investment Management in Higher Education Institutions

    Directory of Open Access Journals (Sweden)

    Jelena Stankevičienė

    2015-05-01

    Full Text Available Recently, the higher education sector faces a series of changes, such as increased competition, globalization, limited funding. Limited funding does not reveal the full potential of the higher education, too little funding restricts research performance, diminishes the quality of higher education, worsen the conditions for learning and this has important implications for sustainable value creation. The article explores relationship between education, sustainability and financial indicators in order to evaluate the situation and advancement in the European countries, applied multi-criteria evaluation method MULTIMOORA. This method aims to prove that the more encourage investment in higher education and research, the more sustainable the state is and creates sustainable value. The results revealed that the more financially stronger and stable country is, the better position by assessing both the scientific and the sustainability indicators. Financially stable country can give higher investment in education, to promote the conduct of research, create conditions for the formation of high-quality R&D, to prepare highly qualified specialists.

  6. Managing Public Investment Funds: Best Practices and New Challenges

    OpenAIRE

    Mitchell, Olivia S.; John Piggott; Cagri Kumru

    2008-01-01

    Large publicly-held pools of assets are playing an increasingly prominent role in the global investment arena. We compare three distinct forms of such public funds, namely foreign exchange reserve funds, sovereign wealth funds, and public pension funds, to highlight their differences and similarities. We review previous studies on ways to better secure prudent and economically sound public fund management practices in these funds, as well as how to evaluate their governance and investment pol...

  7. Management of Portfolio Investment Held by Pension Funds

    Directory of Open Access Journals (Sweden)

    Dan Armeanu

    2008-09-01

    Full Text Available As a result of the fact that pension funds are financial intermediaries, the value of their assets and liabilities is influenced by changing conditions in financial markets. The market image of a pension fund (and hence its perceived value are closely tied to the “financial health” of the fund. Setting up and managing complex investment portfolios requires that pension administrators use scientific models of portfolio selection and optimization based on the risk-expected return relationship. Most investment portfolios are modified in time as result of changing stock prices and investment policy objectives. Having established investment policy guidelines, the administrators of pension funds have to determine the structure of their portfolios so that the latter meet legal requirements.

  8. Investments

    CERN Document Server

    Bodie, Zvi; Marcus, Alan J.

    2017-01-01

    The integrated solutions for Bodie, Kane, and Marcus' Investments set the standard for graduate/MBA investments textbooks. The unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The content places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.

  9. Investments

    CERN Document Server

    Bodie, Zvi

    2013-01-01

    The integrated solutions for Bodie, Kane, and Marcus' Investments set the standard for graduate/MBA investments textbooks. The unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The content places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. McGraw-Hill's adaptive learning component, LearnSmart, provides assignable modules that help students master chapter core concepts and come to class more prepared. Bodie Investments' blend of practical and theoretical coverage combines with a complete digital solution to help your students achieve higher outcomes in the course

  10. Managing Investment in Teaching and Learning Technologies

    Science.gov (United States)

    Coen, Michael; Nicol, David

    2007-01-01

    Information and communications technologies are radically changing the way that teaching and learning activities are organised and delivered within higher education (HE) institutions. A wide range of technologies is being deployed in quite complex and interactive ways, including virtual learning environments (VLEs), mobile communication…

  11. Management of purchase process in realization of building investment

    Directory of Open Access Journals (Sweden)

    M. Radoń

    2010-07-01

    Full Text Available In building companies process of product and service purchase is one of the main processes of quality management system [1]. Because ofshort time-limits of contract realization, high specialization of works, necessity of fulfillment of high quality requirements and assurance of profitable financial effects the management of purchase process becomes very important element of work of the building company. The serious problem in creating and keeping the efficient system of purchase management is special type of purchase in building companies. Particular investments are realized in different country regions, objects are built based on the individual design documentations and each building becomes independent organization unit that organize purchase necessary for investment realization.An example of the management system of purchase process in building company is described in the paper. Just In Time system is widelyused during the realization of building investment. This system is especially useful in buildings because some investments, especially inbig cities, are characterized by restriction in building site. This makes impossible storing the products. In such cases close synchronization between times of delivery and requirements of purchase schedule and schedule of building realization is very important. Criteria of supplier selection as well as the methods of choosing the supplier are also presented in the paper. Special attention is paid to necessity of valuation of the purchase efficiency and the purchase risk. Basic coefficients of purchase efficiency are also described in the paper.

  12. Development as an effective management system construction and investment projects

    Directory of Open Access Journals (Sweden)

    Beloborodov Roman S.

    2011-02-01

    Full Text Available The article presents the material of the application of the conception «Development» as the effective methodology of the investment-construction project management within the framework the systems approach. Theoretical principles of the application of this conception are generalized and systematized based on the example of the creation of the low habitable complex.

  13. A Survery of Timberland Investment Management Organizations Forestland Management in the South

    Science.gov (United States)

    Jacek Siry; Frederick W. Cubbage

    2001-01-01

    The assets of Timberland Investment Management Organizations (TIMOS) have rapidly grown over the past two decades. indicating their increasing importance for timber supply in the South. A TIMOS survey was conducted to assess their current and future investments and forest management approaches. The results indicate that TIMOS currently hold about 4.2 million acres of...

  14. ECO INVESTMENT PROJECT MANAGEMENT THROUGH TIME APPLYING ARTIFICIAL NEURAL NETWORKS

    Directory of Open Access Journals (Sweden)

    Tamara Gvozdenović

    2007-06-01

    Full Text Available he concept of project management expresses an indispensable approach to investment projects. Time is often the most important factor in these projects. The artificial neural network is the paradigm of data processing, which is inspired by the one used by the biological brain, and it is used in numerous, different fields, among which is the project management. This research is oriented to application of artificial neural networks in managing time of investment project. The artificial neural networks are used to define the optimistic, the most probable and the pessimistic time in PERT method. The program package Matlab: Neural Network Toolbox is used in data simulation. The feed-forward back propagation network is chosen.

  15. Design of investment management optimization system for power grid companies under new electricity reform

    Science.gov (United States)

    Yang, Chunhui; Su, Zhixiong; Wang, Xin; Liu, Yang; Qi, Yongwei

    2017-03-01

    The new normalization of the economic situation and the implementation of a new round of electric power system reform put forward higher requirements to the daily operation of power grid companies. As an important day-to-day operation of power grid companies, investment management is directly related to the promotion of the company's operating efficiency and management level. In this context, the establishment of power grid company investment management optimization system will help to improve the level of investment management and control the company, which is of great significance for power gird companies to adapt to market environment changing as soon as possible and meet the policy environment requirements. Therefore, the purpose of this paper is to construct the investment management optimization system of power grid companies, which includes investment management system, investment process control system, investment structure optimization system, and investment project evaluation system and investment management information platform support system.

  16. Management of Portfolio Investment Held by Pension Funds

    OpenAIRE

    Gabriela Anghelache; Dan Armeanu

    2008-01-01

    As a result of the fact that pension funds are financial intermediaries, the value of their assets and liabilities is influenced by changing conditions in financial markets. The market image of a pension fund (and hence its perceived value) are closely tied to the “financial health” of the fund. Setting up and managing complex investment portfolios requires that pension administrators use scientific models of portfolio selection and optimization based on the risk-expected return relationship....

  17. 25 CFR 115.810 - May a tribe directly invest and manage its trust funds?

    Science.gov (United States)

    2010-04-01

    ... 25 Indians 1 2010-04-01 2010-04-01 false May a tribe directly invest and manage its trust funds... ACTIVITIES TRUST FUNDS FOR TRIBES AND INDIVIDUAL INDIANS Tribal Accounts Investing and Managing Tribal Trust Funds § 115.810 May a tribe directly invest and manage its trust funds? A tribe may apply to withdraw...

  18. 77 FR 74884 - Cambria Investment Management, L.P. and Cambria ETF Trust; Notice of Application

    Science.gov (United States)

    2012-12-18

    ... COMMISSION Cambria Investment Management, L.P. and Cambria ETF Trust; Notice of Application December 12, 2012...: Cambria Investment Management, L.P. (``Cambria'') and Cambria ETF Trust (the ``Trust''). Summary of... actively-managed series, Cambria Shareholder Yield ETF (the ``Initial Fund''). The investment objective of...

  19. Undergraduate range management exam: 1999-2014

    Science.gov (United States)

    The Undergraduate Range Management Exam (URME) has been administered to undergraduate students at the Annual Meeting of the Society for Range Management since 1983, with students demonstrating their higher order learning skills and synthesis knowledge of the art and science of rangeland management. ...

  20. Digital management technology and its application to investment casting enterprises

    Directory of Open Access Journals (Sweden)

    Xiao-yuan Ji

    2016-09-01

    Full Text Available With the advent of Industry 4.0, more and more investment casting enterprises are implementing production manufacturing systems, especially in the last two years. This paper summarizes three new common requirements of the digital management aspect in precision casting enterprises, and puts forward three corresponding techniques. They are: the production process tracking card technology based on the main-sub card mode; the workshop site production process processing technology based on the barcode; and the equipment data integration technology. Then, this paper discusses in detail the principle, application and effect of these technologies; to provide the reference for enterprises to move towards digital casting and intelligent casting.

  1. The Model of Information Support for Management of Investment Attractiveness of Machine-Building Enterprises

    Directory of Open Access Journals (Sweden)

    Chernetska Olga V.

    2016-11-01

    Full Text Available The article discloses the content of the definition of “information support”, identifies basic approaches to the interpretation of this economic category. The main purpose of information support for management of enterprise investment attractiveness is determined. The key components of information support for management of enterprise investment attractiveness are studied. The main types of automated information systems for management of the investment attractiveness of enterprises are identified and characterized. The basic computer programs for assessing the level of investment attractiveness of enterprises are considered. A model of information support for management of investment attractiveness of machine-building enterprises is developed.

  2. Cooperation with assets management companies as the investment activity of insurance companies

    OpenAIRE

    Sinitsyna, T.

    2008-01-01

    The article explores the peculiarities of investment activity of local insurance companies there is analyze of one of the option using the investment opportunities of insurance companies in the way of cooperation with assets management companies.

  3. Range management research, Fort Valley Experimental Forest

    Science.gov (United States)

    Henry A. Pearson; Warren P. Clary; Margaret M. Moore; Carolyn Hull Sieg

    2008-01-01

    Range management research at the Fort Valley Experimental Forest during the past 100 years has provided scientific knowledge for managing ponderosa pine forests and forest-range grazing lands in the Southwest. Three research time periods are identified: 1908 to 1950, 1950 to 1978, and 1978 to 2008. Early research (1908-1950) addressed ecological effects of livestock...

  4. Stock investment funds in Brazil: performance and management expertise

    Directory of Open Access Journals (Sweden)

    Paulo Rogério Faustino Matos

    2012-01-01

    Full Text Available This article analyzes the stock investment fund market in Brazil and proposes dynamic rankings constructed from different risk-return metrics, during the period from 1998 to 2009. We find an uncommon level of persistence, mainly among the best performing funds, due to the expertise of the managers. The quadrimestral rebalancing of the portfolios based on these rankings permits inferring that in scenarios characterized as economic booms or recovery of financial markets, the strategies with equal participation in winner funds provides significantly higher average monthly gains, reduction of risk associated with diversification and consequently enhanced performance in relation to market or sector benchmarks. This evidence is robust to the use of different performance metrics for fund selection, indicating that active investors in winning funds demand good performance not only in terms of the Sharpe ratio, but also with respect to other metrics, such as the Treynor, Calmar and Sortino ratios. In these optimistic scenarios, only the industrial sector index (INDX provided returns compatible with those of these fund’s portfolios. However, during periods of crisis, no strategy involving the funds managed to provide hedge levels characteristic of the electric energy sector index (IEE, so it can be said that the majority of investing strategies are dominated in gain-risk criteria by sector or market indexes, with the exception of value-weighted portfolios composed of losing funds, a signal that the usual passive investors in large funds indexed to the Ibovespa can be presenting a greater level of inertia.

  5. Remote sensing applications for range management

    Science.gov (United States)

    Haas, R. H.

    1981-01-01

    The use of satellite information for range management is discussed. The use of infrared photography and color photography for analysis of vegetation cover is described. The methods of interpreting LANDSAT imagery are highlighted and possible applications of such interpretive methods to range management are considered. The concept of using LANDSAT as a sampling frame for renewable natural resource inventories was examined. It is concluded that a blending of LANDSAT vegetation data with soils and digital terrain data, will define a basic sampling unit that is appropriate for range management utilization.

  6. Range ecosystem management for natural areas

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — This report describes methods for managing range ecosystems in natural areas. Preserved natural areas on rangeland may, in a short time, be only those which received...

  7. INVESTMENT PORTFOLIO MANAGEMENT PECULIARITIES OF NON-STATE PENSION FUNDS

    Directory of Open Access Journals (Sweden)

    Ivan LUCHIAN

    2015-07-01

    Full Text Available Non-state pension fund is a institution of social security, the primary purpose of which is the payment of pensions to members of the system of private pension provision. The insurance and pension funds in Republic of Moldova is just beginning. In this regard, a study was conducted in different countries on experience with non-state pension insurance. The results, being generalized, can be used in Republic of Moldova. Non-state pension fund has a multiple core: financial institution, fund, social institution, insurer and institutional investor. Non-governmental pension funds were highly integrated in public policy in most countries around the world aimed at expanding the supplementary pension insurance. Therefore, it becomes very important to solve the issue of formation and investment portfolio management in these financial institutions.

  8. Selected Bibliography On Southern Range Management

    Science.gov (United States)

    R. S. Campbell; L. K. Halls; H. P. Morgan

    1963-01-01

    The purpose of this bibliography is to list important publications relating directly to southern ranges, the domestic livestock and wildlife produced thereon, and the management of these lands, livestock, and wildlife. Range is defined as natural grassland, savannah, or forest that supports native grasses, forbs, or shrubs suitable as forage for livestock and game....

  9. 77 FR 2797 - Notice of Proposed Exemption; BlackRock, Inc. and Its Investment Advisory, Investment Management...

    Science.gov (United States)

    2012-01-19

    ... (the Board), BlackRock and each respective MPS agree to use best efforts to cause the election of such... in BlackRock, and certain entities related thereto, on behalf of Client Plans or Pooled Funds subject... investment discretion with respect to a Client Plan,\\10\\ and the BlackRock Manager is deciding whether to...

  10. DEFENSE SCIENCE AND TECHNOLOGY Adopting Best Practices Can Improve Innovation Investments and Management

    Science.gov (United States)

    2017-06-01

    DEFENSE SCIENCE AND TECHNOLOGY Adopting Best Practices Can Improve Innovation Investments and Management Report...Can Improve Innovation Investments and Management What GAO Found The eight leading companies whose practices GAO assessed take a disciplined...the figure. Incremental development improves product lines whereas disruptive development is for riskier innovative and potentially market-shifting

  11. 7 CFR 4290.510 - Approval of RBIC's Investment Adviser/Manager.

    Science.gov (United States)

    2010-01-01

    ... INVESTMENT COMPANY (âRBICâ) PROGRAM Managing the Operations of a RBIC Management and Compensation § 4290.510... who will be subject to the supervision of your board of directors, managing member(s), or general... (2) Indicate the basis for computing Management Expenses. (c) Material change to approved management...

  12. MANAGEMENT OF INVESTMENT ACTIVITY OF THE ENTERPRISE UNDER CRISIS CONDITIONS

    National Research Council Canada - National Science Library

    Naumova, O

    2016-01-01

    The method of comparison, analysis and synthesis, induction and deduction in devoted paper for the purpose of summarized modern theoretical approaches to the investment activity of the enterprise are used...

  13. Investment, regulation, and uncertainty: managing new plant breeding techniques.

    Science.gov (United States)

    Smyth, Stuart J; McDonald, Jillian; Falck-Zepeda, Jose

    2014-01-01

    As with any technological innovation, time refines the technology, improving upon the original version of the innovative product. The initial GM crops had single traits for either herbicide tolerance or insect resistance. Current varieties have both of these traits stacked together and in many cases other abiotic and biotic traits have also been stacked. This innovation requires investment. While this is relatively straight forward, certain conditions need to exist such that investments can be facilitated. The principle requirement for investment is that regulatory frameworks render consistent and timely decisions. If the certainty of regulatory outcomes weakens, the potential for changes in investment patterns increases.   This article provides a summary background to the leading plant breeding technologies that are either currently being used to develop new crop varieties or are in the pipeline to be applied to plant breeding within the next few years. Challenges for existing regulatory systems are highlighted. Utilizing an option value approach from investment literature, an assessment of uncertainty regarding the regulatory approval for these varying techniques is undertaken. This research highlights which technology development options have the greatest degree of uncertainty and hence, which ones might be expected to see an investment decline.

  14. Management practices in Australasian ethical investment products: a role for regulation?

    DEFF Research Database (Denmark)

    Haigh, Matthew; Guthrie, James

    2010-01-01

    This paper adds to the literatures on socially responsible investment (SRI), investment management, regulation of financial services and social accounting by providing a comprehensive survey of investment methods used in SRI products and regulated social reporting in financial services. Australian...... a four-year period: 2004-2007. These aspects were further examined in 18 case studies. Over the period, diversity and intensity of construction methods had increased both within and between investment managers. The non-standard nature of management consultation used in SRI products, marketing needs...... to distinguish rather than standardize investment methods and the types of information thought relevant to clients did not reconcile easily with the types of information required by regulation. The more recent products in the sample tended to reference market indexes in portfolio construction, separate social...

  15. Co-investments in land management: lessons from the Galessa watershed in Ethiopia

    NARCIS (Netherlands)

    Adimassu, Zenebe; Kessler, A.; Stroosnijder, L.

    2013-01-01

    The use of co-investment activities to motivate farmers to carry out sustainable land management is increasingly recognized. Several co-investment efforts have been implemented to combat land degradation and increase agricultural production in the Ethiopian highlands. Nevertheless, these

  16. 13 CFR 107.510 - SBA approval of Licensee's Investment Adviser/Manager.

    Science.gov (United States)

    2010-01-01

    ... ADMINISTRATION SMALL BUSINESS INVESTMENT COMPANIES Managing the Operations of a Licensee Management and... Portfolio; and (2) Indicate the basis for computing Management Expenses. (b) Material change to approved management contract. If there is a material change, both you and SBA must approve such change in advance. If...

  17. Analysis of Long-range Clean Energy Investment Scenarios forEritrea, East Africa

    Energy Technology Data Exchange (ETDEWEB)

    Van Buskirk, Robert D.

    2004-05-07

    We discuss energy efficiency and renewable energy investments in Eritrea from the strategic long-term economic perspective of meeting Eritrea's sustainable development goals and reducing greenhouse gas emissions. Energy efficiency and renewable energy are potentially important contributors to national productive capital accumulation, enhancement of the environment, expansion of energy services, increases in household standard of living, and improvements in health. In this study we develop a spreadsheet model for calculating some of the national benefits and costs of different levels of investment in energy efficiency and renewable energy. We then present the results of the model in terms of investment demand and investment scenario curves. These curves express the contribution that efficiency and renewable energy projects can make in terms of reduced energy sector operating expenses, and reduced carbon emissions. We provide demand and supply curves that show the rate of return, the cost of carbon emissions reductions vs. supply, and the evolution of the marginal carbon emissions per dollar of GDP for different investment levels and different fuel-type subsectors.

  18. Asymmetric changes of growth and reproductive investment herald altitudinal and latitudinal range shifts of two woody species.

    Science.gov (United States)

    Matías, Luis; Jump, Alistair S

    2015-02-01

    Ongoing changes in global climate are altering ecological conditions for many species. The consequences of such changes are typically most evident at the edge of the geographical distribution of a species, where range expansions or contractions may occur. Current demographical status at geographical range limits can help us to predict population trends and their implications for the future distribution of the species. Thus, understanding the comparability of demographical patterns occurring along both altitudinal and latitudinal gradients would be highly informative. In this study, we analyse the differences in the demography of two woody species through altitudinal gradients at their southernmost distribution limit and the consistency of demographical patterns at the treeline across a latitudinal gradient covering the complete distribution range. We focus on Pinus sylvestris and Juniperus communis, assessing their demographical structure (density, age and mortality rate), growth, reproduction investment and damage from herbivory on 53 populations covering the upper, central and lower altitudes as well as the treeline at central latitude and northernmost and southernmost latitudinal distribution limits. For both species, populations at the lowermost altitude presented older age structure, higher mortality, decreased growth and lower reproduction when compared to the upper limit, indicating higher fitness at the treeline. This trend at the treeline was generally maintained through the latitudinal gradient, but with a decreased growth at the northern edge for both species and lower reproduction for P. sylvestris. However, altitudinal and latitudinal transects are not directly comparable as factors other than climate, including herbivore pressure or human management, must be taken into account if we are to understand how to infer latitudinal processes from altitudinal data. © 2014 John Wiley & Sons Ltd.

  19. The Management of the Investment Activity of Enterprise on the Basis of Value

    Directory of Open Access Journals (Sweden)

    Otlyvanska Galyna A.

    2017-03-01

    Full Text Available The article is aimed at studying the investment activity of enterprise in the context of the contents and objectives of the value-based management. The contents of the investment activity as an object of economic management, in view of its role and its function component in the formating the value of business for stakeholders, has been disclosed. A chain of developing the value characteristics of enterprise for stakeholders has been formulated. The logical relationship between results by directions of investment activity of enterprise and changes in the economic activity of enterprise have been traced. The key quantitative and qualitative value characteristics of influence of investment activity have been determined, financial and economic indicators that can serve as value indicators for assessing the impact of the investment activity of enterprise on business value for stakeholders have been identified.

  20. 76 FR 23342 - Russell Investment Management Company, et al.;

    Science.gov (United States)

    2011-04-26

    ... investor acquiring or redeeming a Creation Unit from a Fund will be charged a fee (``Transaction Fee'') to... out as a traditional open-end investment company or a mutual fund. Instead, each Fund will be marketed... fees and overly complex fund structures. Applicants believe that the requested exemption is consistent...

  1. Study On The Multi-Project Management Practices for Complex Investments

    Directory of Open Access Journals (Sweden)

    Mircea Sandru

    2015-11-01

    Full Text Available This paper highlights the results of a study carried out during the doctoral research in case of multi project Engineering, Procurement, Construction, Commissioning (EPCC investment types. The objective of this study was to improve the project portfolio management. The methodology used in the research presented in this paper is focused on the analysis of the authors related to the approaches debated in literature and theirs applicability in EPCC type investment programs. In this sense were analyzed 11 international projects in petrochemical and refinery field and also 7 investments in other different areas of chemical industry. The research highlighted that the management process of these investments can be improved trough the correct project integration, being able to provide a performing working environment able to sustain the management team in identifying the investment program criticalities and congestion points in order to be able to manage them in an efficient manner in order to assure the reach of the investment goal. Having as consequence the possibility to significant reduction of execution period, up to 16% and in the mean time also the delays related risks through a more efficient investment managerial act.

  2. Research on Investment Risk Management of Chinese Prefabricated Construction Projects Based on a System Dynamics Model

    Directory of Open Access Journals (Sweden)

    Ming Li

    2017-09-01

    Full Text Available Prefabricated construction, a new direction for the future development of the Chinese construction industry, can maximize the requirements of “green”. As a new form of green building, prefabricated construction is of particular interest. On account of the immature development of the green building market in China, the investment risk for prefabricated construction is higher than for traditional architecture. Hence, it is especially important to improve its investment risk identification and management. This study adopts system dynamics and builds a risk identification feedback chart and risk flow chart, to comprehensively identify investment risks that projects in China may face and to process quantitative estimation of investment risk factors. Key factors influencing project investment risks are found, and corresponding measures are pointedly proposed. This paper may provide guidance and a reference for promoting the sound development of prefabricated construction in China.

  3. Investment in body image for self-definition results in greater vulnerability to the thin media than does investment in appearance management.

    Science.gov (United States)

    Ip, Karen; Jarry, Josée L

    2008-03-01

    This study investigated the effect of thin images according to two dimensions of body-image (BI) investment. Ninety-five females were classified as high or low investors based on the Appearance Schemas Inventory-Revised Self-Evaluative Salience (SES) and Motivational Salience (MS) subscales. Participants viewed advertisements portraying either the thin ideal or products. Results indicated that both women high in SES and MS reported lowered appearance self-esteem but greater BI importance following thin exposures. However, only the high SES group reported greater BI dissatisfaction and importance of current-ideal discrepancies after seeing thin images. Although highly invested women (regardless of their motivation for investment) are more responsive to thin media images than are women low in investment, those invested for self-definition are affected on more dimensions than are those invested for appearance management.

  4. HOSPITAL MANAGERS' NEED FOR INFORMATION ON HEALTH TECHNOLOGY INVESTMENTS

    DEFF Research Database (Denmark)

    Ølholm, Anne Mette; Kidholm, Kristian; Birk-Olsen, Mette

    2015-01-01

    in the literature related to clinical, economic and political/strategic aspects. Legal, social, and ethical aspects were seldom considered most important. CONCLUSIONS: Hospital decision makers are able to describe their information needs when deciding on HT investments. The different types of information were...... not of equal importance to hospital decision makers, however, and full agreement between EUnetHTA's Core Model and the hospital decision-makers' informational needs was not observed. They also need information on political and strategic aspects not covered by the Core Model....

  5. HOSPITAL MANAGERS' NEED FOR INFORMATION ON HEALTH TECHNOLOGY INVESTMENTS

    DEFF Research Database (Denmark)

    Ølholm, Anne Mette; Kidholm, Kristian; Birk-Olsen, Mette

    2015-01-01

    decision makers, is not well described. The objective was to review empirical studies analysing the information that hospital decision makers need when deciding about health technology (HT) investments. METHODS: A systematic review of empirical studies published in English or Danish from 2000 to 2012...... was carried out. The literature was assessed by two reviewers working independently. The identified informational needs were assessed with regard to their agreement with the nine domains of EUnetHTA's Core Model. RESULTS: A total of 2,689 articles were identified and assessed. The review process resulted...

  6. Investments in information systems and technology in the healthcare: Project management mediation

    Directory of Open Access Journals (Sweden)

    Jorge Gomes

    2017-03-01

    Full Text Available Healthcare organisations must improve their business practices and internal procedures in order to answer the increasing demand of health professionals and the general public for more and better information. Hospitals invest massively in information systems and technology (IS/IT in the hope that these investments will improve healthcare and meet patients’ demands. The main objective of our research is to study how organisational maturity, enhanced by investments in IS/IT, project management and best practices, leads to successful projects in public healthcare organisations. The rational of our model is that organisational maturity has a positive effect on IS/IT project success, and that this success is also positively enhanced by the use of project management practices. We emphasise that this combination of approaches can increase the effectiveness of projects. Furthermore, it can also improve the confidence that the results of investments will meet stakeholders’ expectations.

  7. 50 CFR 70.8 - Range and feral animal management.

    Science.gov (United States)

    2010-10-01

    ... 50 Wildlife and Fisheries 6 2010-10-01 2010-10-01 false Range and feral animal management. 70.8... (CONTINUED) MANAGEMENT OF FISHERIES CONSERVATION AREAS NATIONAL FISH HATCHERIES § 70.8 Range and feral animal management. The range and feral animal management provisions set forth in part 30 of this chapter are equally...

  8. Opportunities for vocational training and training in investment project management in Bulgaria

    OpenAIRE

    Vanya Antonova

    2015-01-01

    Possessing the necessary knowledge, skills and competences in the area of project management is a compulsory condition and major prerequisite for achieving professional management. In the article there are studied the possibilities for vocational education and training in the area of project management, specifically the management of investment projects. The analysis is built on types of institution, encompassing both the system of vocational education and training (including professional sec...

  9. RISK MANAGEMENT MODEL WITHIN AN ALTERNATIVE INVESTMENT FUND (AIF. SIF MOLDOVA CASE STUDY

    Directory of Open Access Journals (Sweden)

    Costel Ciocea

    2017-01-01

    Full Text Available Risk management has become a primary objective in the management decision. Particularly, in case of investment processes, the focus on risk management is becoming more pronounced, as a reaction to the increase in the complexity of financial products and processes of analysis, decision and implementation of investment projects. Currently, it is in progress the implementation of the European legislation in the field of investment funds, with a significant orientation towards the regulation of risk management models / processes. In this context, capitalizing the constant concern of the management for effective administration of the risk, SIF Moldova has structured and implemented a risk management model based on capital adequacy that includes quantifiable prudential indicators as objective support which is essential in optimizing the investment decision. As in the secondary legislation that is specific to AIF / AIFM it is not proposed and described a standard method of risk management and it is not stipulated a set exposure limits, it was decided to develop a model for risk management in accordance with the requirements of AIFM legislation by applying the principles stipulated in the banking norms.

  10. 25 CFR 700.721 - Range management plans.

    Science.gov (United States)

    2010-04-01

    ... 25 Indians 2 2010-04-01 2010-04-01 false Range management plans. 700.721 Section 700.721 Indians... Lands Grazing § 700.721 Range management plans. The Commissioner (or his designee) and the permittees of each range unit will meet as a group and develop a Range Management Plan for the common use of the...

  11. 25 CFR 161.203 - Are range management plans required?

    Science.gov (United States)

    2010-04-01

    ... 25 Indians 1 2010-04-01 2010-04-01 false Are range management plans required? 161.203 Section 161... LANDS GRAZING PERMITS General Provisions § 161.203 Are range management plans required? Yes. BIA will... range restoration activities for the Navajo Partitioned Lands. (b) Develop range management plans with...

  12. HOSPITAL MANAGERS' NEED FOR INFORMATION ON HEALTH TECHNOLOGY INVESTMENTS.

    Science.gov (United States)

    Ølholm, Anne Mette; Kidholm, Kristian; Birk-Olsen, Mette; Christensen, Janne Buck

    2015-01-01

    There is growing interest in implementing hospital-based health technology assessment (HB-HTA) as a tool to facilitate decision making based on a systematic and multidisciplinary assessment of evidence. However, the decision-making process, including the informational needs of hospital decision makers, is not well described. The objective was to review empirical studies analysing the information that hospital decision makers need when deciding about health technology (HT) investments. A systematic review of empirical studies published in English or Danish from 2000 to 2012 was carried out. The literature was assessed by two reviewers working independently. The identified informational needs were assessed with regard to their agreement with the nine domains of EUnetHTA's Core Model. A total of 2,689 articles were identified and assessed. The review process resulted in 14 relevant studies containing 74 types of information that hospital decision makers found relevant. In addition to information covered by the Core Model, other types of information dealing with political and strategic aspects were identified. The most frequently mentioned types of information in the literature related to clinical, economic and political/strategic aspects. Legal, social, and ethical aspects were seldom considered most important. Hospital decision makers are able to describe their information needs when deciding on HT investments. The different types of information were not of equal importance to hospital decision makers, however, and full agreement between EUnetHTA's Core Model and the hospital decision-makers' informational needs was not observed. They also need information on political and strategic aspects not covered by the Core Model.

  13. THE MODELLING OF ORGANIZATIONAL STRUCTURES OF MANAGEMENT BY REALIZING INVESTMENT CONSTRUCTION PROJECTS

    Directory of Open Access Journals (Sweden)

    Олег Александрович КУЧМА

    2016-03-01

    Full Text Available The authors consider the modeling of organizational structures by virtue of interaction between the basic participants by realizing of investment construction projects. This process is directed at the complex analysis of a problem of quality management by creating of building goods taking into account modern project management tendencies. The topicality of problem is obvious as by realizing of investment construction projects there is a liberal share of uncompleted projects, and in the completed projects actual values considerably exceed budgeted capital expenditures. The introduced model allows managing the project per quality system in all phases of the investment construction project‘s life cycle. It promotes refinement of building goods, improves the rate of successfully completed projects with actual values near budgeted.

  14. 17 CFR 270.30b1-1 - Semi-annual report for registered management investment companies.

    Science.gov (United States)

    2010-04-01

    ... investment company shall file a semi-annual report on Form N-SAR (§ 274.101 of this chapter) not more than... registered management investment companies. 270.30b1-1 Section 270.30b1-1 Commodity and Securities Exchanges SECURITIES AND EXCHANGE COMMISSION (CONTINUED) RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940 § 270...

  15. 17 CFR 240.17i-4 - Internal risk management control system requirements for supervised investment bank holding...

    Science.gov (United States)

    2010-04-01

    ... Supervised Investment Bank Holding Company Rules § 240.17i-4 Internal risk management control system...) As part of its internal risk management control system, a supervised investment bank holding company... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Internal risk management...

  16. Bureau of Land Management Range Allotments

    Data.gov (United States)

    Earth Data Analysis Center, University of New Mexico — This data has been collected by the U.S. Bureau of Land Management (BLM) in New Mexico at both the New Mexico State Office and the various field offices. Collection...

  17. Optimising investment in asset management using the multivariate asset management assessment topography

    Directory of Open Access Journals (Sweden)

    Bam, Wouter Gideon

    2014-08-01

    Full Text Available The multivariate asset management assessment topography (MAMAT was developed to quantify, and represent graphically, development, adoption, and performance of a business’ asset management (AM systems, as described by standards such as PAS 55. The MAMAT provides a way to visualise clearly the strengths and weaknesses of a business’ asset management system. Building on MAMAT, a model describing the relationship between the commitment of resources and the corresponding improvement in the MAMAT assessment outcome is proposed. The goal is to develop an optimisation model that will maximise financial benefits by improving the MAMAT assessment score achieved by a business, while minimising the investment required to attain this improvement. This is achieved by determining the optimal allocation of resources to the different subcategories of the MAMAT assessment framework. The multi-objective cross-entropy method (MOO CEM is used to find the Pareto set of solutions for this problem. In order to showcase the intended industry application and use of the optimisation model, a hypothetical case study is executed and described in this paper. From this application, it was found that the MOO CEM finds useful solutions that can support the implementation of standards such as PAS 55 by prioritising and assigning resources to implementation activities.

  18. Returns on investments in management sciences: six case studies

    Science.gov (United States)

    Ernst S. Valfer; Malcolm W. Kirby; Gideon Schwarzbart

    1981-01-01

    In 1962, the Management Sciences Staff was organized in Berkeley, Calif., as the internal consultant to the Forest Service, U.S. Department of Agriculture. From then until 1979, the Staff conducted 41 major studies. Although the rate of implementing recommendations from these studies was high, a more formal self-assessment was considered advisable. The following six...

  19. Foreign Direct Investment and Public Sector Management and ...

    African Journals Online (AJOL)

    Keywords: FDI inflows, poverty reduction, public sector management and institutions, SSA low-income economies .... on revenue collections and transparency processes that are not colluded with corruption. In general, the ..... caused by unobserved heterogeneity, dynamic endogeneity and simultaneity (Hu & Izumida,. 2008 ...

  20. Problems in implementing improved range management on ...

    African Journals Online (AJOL)

    Focuses on sustainable resource development in the rangeland/livestock sector of the developing countries, with particular emphasis on North Africa. Stresses the need for a holistic approach to the use and management of the rangeland resources; Rangeland/livestock development in Africa is reviewed and lessons learnt ...

  1. How do collaboration and investments in knowledge management affect process innovation in services?

    NARCIS (Netherlands)

    Ashok, M.; Narula, R.; Martinez-Noya, A.

    2016-01-01

    Purpose: Despite the keen interest in radical and incremental innovation, few studies have tested the varying impact of firm-level factors in service sectors. This paper analyses how collaboration with existing and prospective users, and investments in knowledge management (KM) practices can be

  2. Investment and Portfolio Management: The Development of a Graduate Level Business Course.

    Science.gov (United States)

    Satterlee, Brian

    This paper describes the results of a project to develop a graduate-level business course in Investment and Portfolio Management for use in a Master of Business Administration degree program at Warner Southern College (Florida). The development of the course had three phases: (1) learning outcomes were derived from a literature review on…

  3. Farmers' investments in land management practices in the CRV of Ethiopia

    NARCIS (Netherlands)

    Adimassu Teferi, Z.; Kessler, A.

    2012-01-01

    ABSTRACT In order to combat land degradation in the form of water erosion and fertility depletion in the Central Rift Valley (CRV) of Ethiopia farmers are of crucial importance. If they perceive land degradation as a problem they will be more willing to invest in land management measures. This study

  4. Retaining Educational Fundraisers: Reducing Turnover by Investing in Human Capital Management

    Science.gov (United States)

    Thomas, Christy

    2010-01-01

    This article outlines an approach to reducing gift officer turnover during comprehensive campaigns by investing in the human capital management (HCM) program. While many universities have begun to create HCM programs, I suggest creating a position specifically focused on the retention of gift offices to ensure that universities and non-profits can…

  5. Basic principles and sequence of management decision-making in substantiating the enterprises'' real investments expediency

    OpenAIRE

    Kukhta, P.

    2012-01-01

    There were revealed the basic principles of evaluating the real investments effectiveness, compliance with which will ensure the economic feasibility of projects, simplification of the evaluation process and rational behaviour of economic entities in their implementation. Sequence of forming the components of the systematic approach to the approval of management decisions was defined.

  6. Enterprise identity management towards an investment decision support approach

    CERN Document Server

    Royer, Denis

    2013-01-01

    ?The introduction of Enterprise Identity Management Systems (EIdMS) in organizations even beyond the purely technological level is a costly and challenging endeavor. However, for decision makers it seems difficult to fully understand the impacts and opportunities arising from the introduction of EIdMS. This book explores the relevant aspects for an ex-ante evaluation of EIdMS. Therefore it examines this domain by employing a qualitative expert interview study to better understand the nature of EIdMS, as they are situated between security and productive IT systems. To this regard, the focus is

  7. The Role of Non-farm Investments in Agricultural Risk Management in Kenya

    OpenAIRE

    K. Korir Luke; K. Lagat Job; K. Njehia Benard

    2011-01-01

    While risk sharing institutions like national insurance and credit schemes that help reduce the burden of risk to farmers are weak in Kenya, private sector insurance products have failed to develop. Farmers have opted for self-insurance strategies that include diversification and social mechanisms. Non-farm investments are one of the diversification strategies whose effectiveness in risk management in Kenya has not been established. This study sought to investigate farmers’ risk management st...

  8. Risk and investment management in liberalized electricity markets

    DEFF Research Database (Denmark)

    Lemming, Jacob Kjærgaard

    2005-01-01

    are relatively broad, however the two chapters and ve papers all share analyzes of nancial risk in liberalized electricity markets as a common underlying theme. The risk management part of the thesis focusses on modelling and measurement of financial risk in electricity markets. Key topics are electricity price......Electricity markets around the world are currently undergoing a liberalization process that changes the way electricity is traded and priced as a commodity. The electricity system has unique technical characteristics and the importance of electricity as a good in today's informational society...... will be held financial responsible for their decisions. Regulated system operators remain responsibility for the physical balancing and electricity markets will therefore remain strongly regulated even after liberalization. The combination of strongly regulated but competitive trading arrangements creates...

  9. 17 CFR 270.17g-1 - Bonding of officers and employees of registered management investment companies.

    Science.gov (United States)

    2010-04-01

    ...: Amount of registered management investment company gross assets—at the end of the most recent fiscal... company at his last known residence address of (i) any cancellation, termination or modification of the... employees of registered management investment companies. 270.17g-1 Section 270.17g-1 Commodity and...

  10. Asset Management Planning – providing the evidence to support robust and risk-based investment decisions

    Directory of Open Access Journals (Sweden)

    Mitchell Chrissy

    2016-01-01

    Full Text Available Over the last decade the UK’s joint Flood and Coastal Erosion Risk Management Research and Development programme has been developing methods to support a move to a risk-based approach to flood defence asset management. Looking to ensure investment is less ‘find and fix’ and made to those assets where the biggest risk reduction can be made for the money available. In addition, providing the capability to articulate the benefits of investing in these assets quantitatively and transparently. This paper describes how the Asset Performance Tools (APT project [1] is delivering practical methods, prototype tools and supporting guidance which, together with related initiatives such as the Environment Agency’s Creating Asset Management Capacity (CAMC strategic programme [2] and the ‘State of the Nation’ (SoN [3] supportive datasets, will enable a risk-based, ‘predict and protect’ approach to asset management. A key advance is the ability to bring in local knowledge to make national generic datasets locally relevant. The paper also highlights existing outputs that can already be used to support a more proactive approach to asset management. It will summarise the ongoing work which will further develop and fine tune performance assessment and investment decision processes within an integrated conceptual framework aligned with ISO55000, deliverable via CAMC and whose concepts can be used by all risk management authorities.

  11. TRANSACTION COSTS AND MARKET IMPACT IN INVESTMENT MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Marek Kociński

    2015-05-01

    Full Text Available The aim of this article is to analyse the major sources of transaction costs in financial markets, in particular to find the amounts of such costs on the Warsaw Stock Exchange (WSE. Sources of transaction costs are considered: commissions, bid-ask spread and market impact. The commissions are only briefly described since they are explicitly stated and easily measured. More attention is paid to the bid-ask spread which is one of the main causes of trading costs. It is shown that the investor who wants to outperform the Polish market should usually expect a much higher bid-ask spread than it follows from the officially used calculations. Then it is demonstrated how historical spreads can be used in predicting their future values. This seems to be important from the practical point of view, since forecasting trading costs is a compelling task for financial managers. Next, market impact and market impact costs are considered. The practical method of measuring these is applied and discussed.

  12. Investment threshold and management reflection for industrial system cleaning: a case for China.

    Science.gov (United States)

    Fang, Yiping

    2012-03-01

    The recognition that industrial activity plays an essential role in a sustainable society is now widespread. To understand the causal relationship between industrial pollution abatement expenditure and industrial system cleaning level in China is of considerable importance, especially under extremely rapid industrial growth and serious pressure of industrial pollutants abatement context. We use composite index assessment method and regression analysis in this paper. We establish the mathematical model between composite industrial cleaner index and investment intensity for industrial pollutants abatement, and analyze the effects of industrial pollutants treatment and discharge indicators on composite industrial cleaner index in China. Results show that: (1) There is significant nonlinear relationship between composite industrial cleaner index and investment intensity for industrial pollutants abatement. (2) From single indicator perspective, the effect of investment intensity on pollutants treatment indicators is positively, on the contrary, the effect of investment intensity on pollutants discharge indicators is negatively; (3) From decomposition cleaner index perspective, the effect of pollutants discharge level (process control) is higher than pollutants treatment capacity (end-of-pipe) on composite industrial cleaner index; (4) There is threshold between investment intensity and composite cleaner industrial index, it is a crucial reference scale for industrial environmental management in selected period.

  13. Time is money: Rational life cycle inertia and the delegation of investment management

    Science.gov (United States)

    Kim, Hugh Hoikwang; Maurer, Raimond; Mitchell, Olivia S.

    2016-01-01

    Many households display inertia in investment management over their life cycles. Our calibrated dynamic life cycle portfolio choice model can account for such an apparently ‘irrational’ outcome, by incorporating the fact that investors must forgo acquiring job-specific skills when they spend time managing their money, and their efficiency in financial decision making varies with age. Resulting inertia patterns mesh well with findings from prior studies and our own empirical results from Panel Study of Income Dynamics (PSID) data. We also analyze how people optimally choose between actively managing their assets versus delegating the task to financial advisors. Delegation proves valuable to both the young and the old. Our calibrated model quantifies welfare gains from including investment time and money costs as well as delegation in a life cycle setting. PMID:28344380

  14. Time is money: Rational life cycle inertia and the delegation of investment management.

    Science.gov (United States)

    Kim, Hugh Hoikwang; Maurer, Raimond; Mitchell, Olivia S

    2016-08-01

    Many households display inertia in investment management over their life cycles. Our calibrated dynamic life cycle portfolio choice model can account for such an apparently 'irrational' outcome, by incorporating the fact that investors must forgo acquiring job-specific skills when they spend time managing their money, and their efficiency in financial decision making varies with age. Resulting inertia patterns mesh well with findings from prior studies and our own empirical results from Panel Study of Income Dynamics (PSID) data. We also analyze how people optimally choose between actively managing their assets versus delegating the task to financial advisors. Delegation proves valuable to both the young and the old. Our calibrated model quantifies welfare gains from including investment time and money costs as well as delegation in a life cycle setting.

  15. The use of a basic safety investment model in a practical risk management context

    Energy Technology Data Exchange (ETDEWEB)

    Aven, Terje, E-mail: terje.aven@uis.no [University of Stavanger (Norway); Hiriart, Yolande [University of Franche-Comte, Besancon (France)

    2011-11-15

    We consider a basic model in economic safety analysis: a firm is willing to invest an amount x in safety measures to avoid an accident A, which in the case of occurrence, leads to a loss of size L. The probability of an accident is a function of x. The optimal value of x is determined by minimizing the expected costs. In the paper, we re-examine this model by adopting a practical risk/safety management perspective. We question how this model can be used for guiding the firm and regulators in determining the proper level of investment in safety. Attention is given to issues like how to determine the probability of an accident and how to take into account uncertainties that extend beyond the expected value. It is concluded that the model, with suitable extensions and if properly implemented, provides a valuable decision support tool. By focusing on investment levels and stimulating thereby the generation of alternative risk-reducing measures, the model is considered particularly useful in risk reduction (ALARP) processes. - Highlights: > It is shown how to use a basic investment model in a practical risk management setting. > The model may be a valuable decision support tool if properly implemented. > It guides decision makers on risk reduction and how to determine what is ALARP. > The model stimulates the generation of alternative risk-reducing measures.

  16. Managing interior Northwest rangelands: the Oregon Range Evaluation Project.

    Science.gov (United States)

    Thomas M. Quigley; H. Reed Sanderson; Arthur R. Tiedemann

    1989-01-01

    This report is a synthesis of results from an 11-year study of the effects of increasing intensities of range management strategies on herbage production, water resources, economics, and associated resources-such as wood fiber and recreation-in Grant County, Oregon. Four intensities of management were studied on Federal land (19 grazing allotments) ranging from no...

  17. Range management research, Fort Valley Experimental Forest (P-53)

    Science.gov (United States)

    Henry A. Pearson; Warren P. Clary; Margaret M. Moore; Carolyn Hull Sieg

    2008-01-01

    Range management research at the Fort Valley Experimental Forest during the past 100 years has provided scientific knowledge for managing ponderosa pine forests and forest-range grazing lands in the Southwest. Three research timeperiods are identified: 1908 to 1950, 1950 to 1978, and 1978 to 2008. Early research (1908-1950) addressed ecological effects of livestock...

  18. Financial Literacy and Mutual Fund Investments : Who Buys Actively Managed Funds?

    OpenAIRE

    Müller, Sebastian; Weber, Martin

    2008-01-01

    Previous research indicates that lacking financial sophistication among private investors might be important in explaining the strong growth in active management over the past. Based on questionnaire data with more than 3,000 mutual fund customers, we therefore construct an objective financial literacy score and analyze the relationship between financial literacy and mutual fund investment behavior. While sophisticated investors are indeed more aware of passive, low cost fund alternatives lik...

  19. Federal Investment

    Science.gov (United States)

    Campbell, Sheila; Tawil, Natalie

    2013-01-01

    The federal government pays for a wide range of goods and services that are expected to be useful some years in the future. Those purchases, called investment, fall into three categories: physical capital, research and development (R&D), and education and training. There are several economic rationales for federal investment. It can provide…

  20. Guide for developing an information technology investment road map for population health management.

    Science.gov (United States)

    Hunt, Jacquelyn S; Gibson, Richard F; Whittington, John; Powell, Kitty; Wozney, Brad; Knudson, Susan

    2015-06-01

    Many health systems recovering from a massive investment in electronic health records are now faced with the prospect of maturing into accountable care organizations. This maturation includes the need to cooperate with new partners, involve substantially new data sources, require investment in additional information technology (IT) solutions, and become proficient in managing care from a new perspective. Adding to the confusion, there are hundreds of population health management (PHM) vendors with overlapping product functions. This article proposes an organized approach to investing in PHM IT. The steps include assessing the organization's business and clinical goals, establishing governance, agreeing on business requirements, evaluating the ability of current IT systems to meet those requirements, setting time lines and budgets, rationalizing current and future needs and capabilities, and installing the new systems in the context of a continuously learning organization. This article will help organizations chart their position on the population health readiness spectrum and enhance their chances for a successful transition from volume-based to value-based care.

  1. Management of investment-construction projects basing on the matrix of key events

    Directory of Open Access Journals (Sweden)

    Morozenko Andrey Aleksandrovich

    2016-11-01

    Full Text Available The article considers the current problematic issues in the management of investment-construction projects, examines the questions of efficiency increase of construction operations on the basis of the formation of a reflex-adaptive organizational structure. The authors analyzed the necessity of forming a matrix of key events in the investment-construction project (ICP, which will create the optimal structure of the project, basing on the work program for its implementation. For convenience of representing programs of the project implementation in time the authors make recommendations to consolidate the works into separate, economically independent functional blocks. It is proposed to use an algorithm of forming the matrix of an investment-construction project, considering the economic independence of the functional blocks and stages of the ICP implementation. The use of extended network model is justified, which is supplemented by organizational and structural constraints at different stages of the project, highlighting key events fundamentally influencing the further course of the ICP implementation.

  2. Investing in citizen science can improve natural resource management and environmental protection

    Science.gov (United States)

    McKinley, Duncan C.; Miller-Rushing, Abraham J.; Ballard, Heidi L.; Bonney, Rick; Brown, Hutch; Evans, Daniel M.; French, Rebecca A.; Parrish, Julia K.; Phillips, Tina B.; Ryan, Sean F.; Shanley, Lea A.; Shirk, Jennifer L.; Stepenuck, Kristine F.; Weltzin, Jake F.; Wiggins, Andrea; Boyle, Owen D.; Briggs, Russell D.; Chapin, Stuart F.; Hewitt, David A.; Preuss, Peter W.; Soukup, Michael A.

    2015-01-01

    Citizen science has made substantive contributions to science for hundreds of years. More recently, it has contributed to many articles in peer-reviewed scientific journals and has influenced natural resource management and environmental protection decisions and policies across the nation. Over the last 10 years, citizen science—participation by the public in a scientific project—has seen explosive growth in the United States, particularly in ecology, the environmental sciences, and related fields of inquiry. In this report, we explore the current use of citizen science in natural resource and environmental science and decision making in the United States and describe the investments organizations might make to benefit from citizen science.

  3. Asset management guide : focusing on the management of our transit investments.

    Science.gov (United States)

    2012-10-01

    To advance transit asset management, this guide provides a transit-specific asset management framework for managing assets indi-vidually and as a portfolio of assets that comprise an integrated system. The guide provides flexible, yet targeted guidan...

  4. Monitoring vegetation conditions from LANDSAT for use in range management

    Science.gov (United States)

    Haas, R. H.; Deering, D. W.; Rouse, J. W., Jr.; Schell, J. A.

    1975-01-01

    A summary of the LANDSAT Great Plains Corridor projects and the principal results are presented. Emphasis is given to the use of satellite acquired phenological data for range management and agri-business activities. A convenient method of reducing LANDSAT MSS data to provide quantitative estimates of green biomass on rangelands in the Great Plains is explained. Suggestions for the use of this approach for evaluating range feed conditions are presented. A LANDSAT Follow-on project has been initiated which will employ the green biomass estimation method in a quasi-operational monitoring of range readiness and range feed conditions on a regional scale.

  5. DETERMINATION OF THE RELEVANCE OF INVESTING IN THE MANAGEMENT OF INFORMATION TECHNOLOGIES BY SMALL JITOMATE PRODUCERS, APPLYING GAME THEORY

    Directory of Open Access Journals (Sweden)

    Rodríguez Claudia

    2017-12-01

    Full Text Available The leading national states in the tomato market are mainly Sinaloa and Jalisco. They determine the amount of production will sell in the country meanwhile smallholders depend about that decision to calculate the quantity of tomato they be able to place into local supply markets. Large producers invest in other aspects, such as in Information Technology Management (ITM, in order to obtain international and updated information they need for their strategic decision-making, as well as to establish effective communication with other producers, with suppliers and with customers. The question posed in the present investigation is: Will the lack of investment in ITM be a factor that affects the competitiveness of smallholders? This article has the objective to estimate the relevance of investing in the ITM, in order to increase the production through the application of the Cournot and Branding model; for two players who decide to sell simultaneously, resulting in two models: The first one, where the player 1 it will be a big producer who decides to invest in ITM to increase its market, while player 2 is a smallholder who does not have the capacity to invest in ITM. In the second resulting model, both players are big producers, who decide to invest in ITM to increase their market. In both models, we would be expected that the player who sells the most, whoever invests in ITM; however, as will be observed in the conclusions, investing in ITM is not always the solution to sell more.

  6. Remote sensing in operational range management programs in Western Canada

    Science.gov (United States)

    Thompson, M. D.

    1977-01-01

    A pilot program carried out in Western Canada to test remote sensing under semi-operational conditions and display its applicability to operational range management programs was described. Four agencies were involved in the program, two in Alberta and two in Manitoba. Each had different objectives and needs for remote sensing within its range management programs, and each was generally unfamiliar with remote sensing techniques and their applications. Personnel with experience and expertise in the remote sensing and range management fields worked with the agency personnel through every phase of the pilot program. Results indicate that these agencies have found remote sensing to be a cost effective tool and will begin to utilize remote sensing in their operational work during ensuing seasons.

  7. Toward a Middle-Range Theory of Weight Management.

    Science.gov (United States)

    Pickett, Stephanie; Peters, Rosalind M; Jarosz, Patricia A

    2014-07-01

    The authors of this paper present the middle-range theory of weight management that focuses on cultural, environmental, and psychosocial factors that influence behaviors needed for weight control. The theory of weight management was developed deductively from Orem's theory of self-care, a constituent theory within the broader self-care deficit nursing theory and from research literature. Linkages between the conceptual and middle-range theory concepts are illustrated using a substruction model. The development of the theory of weight management serves to build nursing science by integrating extant nursing theory and empirical knowledge. This theory may help predict weight management in populations at risk for obesity-related disorders. © The Author(s) 2014.

  8. To Issue of Mathematical Management Methods Applied for Investment-Building Complex under Conditions of Economic Crisis

    Science.gov (United States)

    Novikova, V.; Nikolaeva, O.

    2017-11-01

    In the article the authors consider a cognitive management method of the investment-building complex in the crisis conditions. The factors influencing the choice of an investment strategy are studied, the basic lines of the activity in the field of crisis-management from a position of mathematical modelling are defined. The general approach to decision-making on investment in real assets on the basis of the discrete systems based on the optimum control theory is offered. With the use of a discrete maximum principle the task in view of the decision is found. The numerical algorithm to define the optimum control is formulated by investments. Analytical decisions for the case of constant profitability of the basic means are obtained.

  9. Economic perspectives of risk distribution system asset management : principles of risk valuation of grid investments

    OpenAIRE

    Rud, Linda

    2010-01-01

    A main challenge of the electricity grid company is to target the right level and choice of grid investment, maintenance and renewal. The nature of grid investments poses special challenges in determining the investment cash flow, partly because a main product of the grid investment often is to improve future performance, for example in terms of increased reliability. An essential aspect of valuing grid investments is to address the value of risk. The objective of this report is to apply the ...

  10. Home ranges of raccoon dogs in managed and natural areas.

    Directory of Open Access Journals (Sweden)

    Karmen Süld

    Full Text Available Knowledge of space use is central to understand animals' role in ecosystems. The raccoon dog Nyctereutes procyonoides is considered as one of the most influential alien mesopredator species in Europe, having the potential to cause loss of local biodiversity and act as a vector for zoonotic diseases. We collared 12 animals to study their home range and habitat use in two areas with different management regimes in Estonia: in a protected natural area and in an intensively managed area. From May to October raccoon dogs inhabiting the natural area had considerably smaller home ranges compared to the managed area, 193.3ha±37.3SD and 391.9ha±292.9SD, respectively. This result contradicts somewhat earlier findings in other European raccoon dog populations, where the home range sizes in natural areas in summer and autumn period have usually been larger compared to managed areas. In both study areas raccoon dogs preferred watersides, where amphibians and other semi-aquatic prey are abundant, to other habitats available in their home ranges. We also studied movements of a raccoon dog pair in the managed study area in winter period. Due to mild weather conditions during the study period, raccoon dogs changed their resting sites quite often, covering a relatively large 599 ha area from November 2012 to January 2013, indicating the absence of usual winter lethargy during the mild winters.

  11. Why Community Investment Is Good for Nonprofit Anchor Institutions: Understanding Costs, Benefits, and the Range of Strategic Options

    Science.gov (United States)

    Webber, Henry S.; Karlstrom, Mikael

    2009-01-01

    This report was written out of a recognition that there has been little effort to systematically examine the value to anchor institutions of engaging in significant community investment. In the absence of such research, the authors believe that institutions tend to overestimate the costs and risks and underappreciate the potential benefits. In…

  12. OPERATIONAL RISK MANAGEMENT APPROACHES WITHIN AN INVESTMENT FUND. SIF MOLDOVA CASE STUDY

    Directory of Open Access Journals (Sweden)

    Costel Ciocea

    2017-01-01

    Full Text Available Operational risk management consists in the identification and measurement, as complete as possible, of these risks, so that the company to be able to establish appropriate measures to avoid, reduce, transfer or accept, consciously, the risk. The main goal is prevention. Operational risk management is a complex process which involves their identification, assessment, monitoring and management. Starting from the European legislation, SIF Moldova has developed and adapted its own operational risk management system, targeting mainly its identification and evaluation, the analysis of activities vulnerable to operational risk, the establishment of the potential risks for each type of activity, the limitation of the operational risk caused by improper data processing, the implementation of internal regulations on the prevention and discovery of facts that can generate losses. To ensure an adequate quality of operational risk management and of the activities related to their control as well as for maintaining an appropriate level of accuracy on information provided to the supervisory authority (ASF, it is essential that the investment fund to build a stable and viable database, containing information relating to extended periods, and to ensure continued maintenance of this database.

  13. Information Resources Management Long Range Plan, FY 1995-1999

    Science.gov (United States)

    1994-01-01

    Table of Contents: Introduction; Agency 5-Year IRM Investment Projections; Major IRM Program Accomplishments for FY 1993; Information Collection Budget; Summary of Computer Security Plans; Appendix: Acronym List.

  14. 36 CFR 222.2 - Management of the range environment.

    Science.gov (United States)

    2010-07-01

    ... 36 Parks, Forests, and Public Property 2 2010-07-01 2010-07-01 false Management of the range environment. 222.2 Section 222.2 Parks, Forests, and Public Property FOREST SERVICE, DEPARTMENT OF AGRICULTURE... environment. (a) Allotments will be designated on the National Forest System and on other lands under Forest...

  15. Economic perspectives of risk distribution system asset management: principles of risk valuation of grid investments

    Energy Technology Data Exchange (ETDEWEB)

    Rud, Linda

    2010-07-01

    A main challenge of the electricity grid company is to target the right level and choice of grid investment, maintenance and renewal. The nature of grid investments poses special challenges in determining the investment cash flow, partly because a main product of the grid investment often is to improve future performance, for example in terms of increased reliability. An essential aspect of valuing grid investments is to address the value of risk. The objective of this report is to apply the insight from economic theories of risk valuation to understand fundamental aspects of the valuation of risky grid investments. (Author)

  16. Determinants of farmers' tree planting investment decision as a degraded landscape management strategy in the central highlands of Ethiopia

    Science.gov (United States)

    Gessesse, B.; Bewket, W.; Bräuning, A.

    2015-11-01

    Land degradation due to lack of sustainable land management practices are one of the critical challenges in many developing countries including Ethiopia. This study explores the major determinants of farm level tree planting decision as a land management strategy in a typical framing and degraded landscape of the Modjo watershed, Ethiopia. The main data were generated from household surveys and analysed using descriptive statistics and binary logistic regression model. The model significantly predicted farmers' tree planting decision (Chi-square = 37.29, df = 15, Pmanagement strategy. In this regard, the finding of the study show that local land-users' willingness to adopt tree growing decision is a function of a wide range of biophysical, institutional, socioeconomic and household level factors, however, the likelihood of household size, productive labour force availability, the disparity of schooling age, level of perception of the process of deforestation and the current land tenure system have positively and significantly influence on tree growing investment decisions in the study watershed. Eventually, the processes of land use conversion and land degradation are serious which in turn have had adverse effects on agricultural productivity, local food security and poverty trap nexus. Hence, devising sustainable and integrated land management policy options and implementing them would enhance ecological restoration and livelihood sustainability in the study watershed.

  17. Determinants of farmers' tree-planting investment decisions as a degraded landscape management strategy in the central highlands of Ethiopia

    Science.gov (United States)

    Gessesse, Berhan; Bewket, Woldeamlak; Bräuning, Achim

    2016-04-01

    Land degradation due to lack of sustainable land management practices is one of the critical challenges in many developing countries including Ethiopia. This study explored the major determinants of farm-level tree-planting decisions as a land management strategy in a typical farming and degraded landscape of the Modjo watershed, Ethiopia. The main data were generated from household surveys and analysed using descriptive statistics and a binary logistic regression model. The model significantly predicted farmers' tree-planting decisions (χ2 = 37.29, df = 15, P function of a wide range of biophysical, institutional, socioeconomic and household-level factors. In this regard, the likelihood of household size, productive labour force availability, the disparity of schooling age, level of perception of the process of deforestation and the current land tenure system had a critical influence on tree-growing investment decisions in the study watershed. Eventually, the processes of land-use conversion and land degradation were serious, which in turn have had adverse effects on agricultural productivity, local food security and poverty trap nexus. Hence, the study recommended that devising and implementing sustainable land management policy options would enhance ecological restoration and livelihood sustainability in the study watershed.

  18. INTEGRATED TERRITORIAL INVESTMENT AS INSTRUMENT FOR MANAGING TRANSPORT SECURITY IN LOWER SILESIA’S LARGEST CITIES

    Directory of Open Access Journals (Sweden)

    Kamil GLINKA

    2017-03-01

    Full Text Available The main aim of this article is to analyse the role and importance of Integrated Territorial Investment (ITI as the instrument for the management of transport security in the four largest cities of Lower Silesia: Wrocław, Wałbrzych, Legnica and Jelenia Góra. The doubt concerning the potential connected with using ITI is reasonable in the sense that it creates a completely new, previously unknown, mechanism for the implementation of EU cohesion policy. The conducted analysis, covering the level of strategic management, does not allow for a full confirmation of the formulated hypotheses, for two reasons. Firstly, only three out of the four cities in question (Wrocław, Wałbrzych and Jelenia Góra use ITI in the management of transport security. Secondly, although the use of ITI complements the assumptions of Poland’s National Urban Policy (NUP, which highlights the importance of strategic programming and a multimodal approach in the management of transport security, the scale of this usage is the same as in the case of those cities with integrated, detailed transport strategies, as well as cities without such strategies.

  19. DESIGN FOCUSED ORIENTATION PROCESSES FOR MANAGING INVESTMENT COMPANIES IN THE FOREIGN EXCHANGE MARKET

    Directory of Open Access Journals (Sweden)

    Анатолий Аркадьевич АНАТОЛЬЕВ

    2015-05-01

    Full Text Available This report examines the investment companies operating in the market Forex. Business process analysis showed the design direction of their activities. Dedicated two groups of projects of investment companies can position them as project-oriented organization.

  20. The ORNL Surplus Facilities Management Program Long Range Plan

    Energy Technology Data Exchange (ETDEWEB)

    Myrick, T.E.

    1984-09-01

    The Surplus Facilities Management Program (SFMP) at Oak Ridge National Laboratory (ORNL) is part of the Department of Energy`s (DOE) National SFMP, administered by the Richland Operations Office. This program was established to provide for the management of DOE surplus radioactively contaminated facilities from the end of their operating life until final facility disposition is completed. As part of this program, the ORNL SFMP oversees some 76 individual surplus facilities, ranging in complexity from abandoned waste storage tanks to large experimental reactors. The ORNL SFMP has prepared this Long Range Plan to outline the long-term management strategy for those facilities included in the program. The primary objective of this plan are to: (1) develop a base of information for each ORNL SFMP facility, (2) conduct preliminary decommissioning analyses to identify feasible alternatives, (3) assess the current and future risk of each facility, (4) establish a priority list for the decommissioning projects, and (5) integrate the individual project costs and schedules into an overall program schedule and cost estimate for the ORNL site. The Long Range Plan also provides an overview of the ORNL SFMP management structure, specifies the decommissioning criteria to be employed, and identifies special technical problems, research and development needs, and special facilities and equipment that may be required for decommissioning operations.

  1. Marginalised social groups in contemporary weee management within social enterprises investments: A study in Greece.

    Science.gov (United States)

    Papaoikonomou, K; Kipouros, S; Kungolos, A; Somakos, L; Aravossis, K; Antonopoulos, I; Karagiannidis, A

    2009-05-01

    This paper deals with the creation of appropriate conditions aimed at developing social services for reuse and recycling of waste electrical and electronic equipment (WEEE), by the inclusion of handicapped and Roma people in the workforce. Application areas for the project are the Hellenic (Greek) regions of Thessaly and North Aegean, where these groups suffer from professional and social exclusion. The efforts to reduce unemployment in the two aforementioned groups, together with the efforts to implement related Greek and European legislation for sustainable WEEE management, are examined here. Furthermore, networking and cooperation at local, regional and central levels between small enterprises, entrepreneurships and local authorities are examined, so that these social enterprises and their corresponding investments may support the development of the Greek alternative WEEE recycling system.

  2. Range Information Systems Management (RISM) Phase 1 Report

    Science.gov (United States)

    Bastin, Gary L.; Harris, William G.; Nelson, Richard A.

    2002-01-01

    RISM investigated alternative approaches, technologies, and communication network architectures to facilitate building the Spaceports and Ranges of the future. RISM started by document most existing US ranges and their capabilities. In parallel, RISM obtained inputs from the following: 1) NASA and NASA-contractor engineers and managers, and; 2) Aerospace leaders from Government, Academia, and Industry, participating through the Space Based Range Distributed System Working Group (SBRDSWG), many of whom are also; 3) Members of the Advanced Range Technology Working Group (ARTWG) subgroups, and; 4) Members of the Advanced Spaceport Technology Working Group (ASTWG). These diverse inputs helped to envision advanced technologies for implementing future Ranges and Range systems that builds on today s cabled and wireless legacy infrastructures while seamlessly integrating both today s emerging and tomorrow s building-block communication techniques. The fundamental key is to envision a transition to a Space Based Range Distributed Subsystem. The enabling concept is to identify the specific needs of Range users that can be solved through applying emerging communication tech

  3. Investments in land management in the north-western highlands of Ethiopia: the role of social capital

    NARCIS (Netherlands)

    Firew, A.T.; Graaff, de J.; Kessler, C.A.

    2016-01-01

    In the north-western highlands of Ethiopia investments in land management (LM) have not always been successful. The objectives of this study were to assess farmers⿿ perceptions about implementation approaches of soil and water conservation (SWC) practices and to explore the relationship between the

  4. An evaluation of the Well at Dell health management program: health risk change and financial return on investment.

    Science.gov (United States)

    Musich, Shirley; McCalister, Tre'; Wang, Sara; Hawkins, Kevin

    2015-01-01

    To investigate the effectiveness of the Well at Dell comprehensive health management program in delivering health care and productivity cost savings relative to program investment (i.e., return on investment). A quasi-experimental design was used to quantify the financial impact of the program and nonexperimental pre-post design to evaluate change in health risks. Ongoing worksite health management program implemented across multiple U.S. locations. Subjects were 24,651 employees with continuous medical enrollment in 2010-2011 who were eligible for 2011 health management programming. Incentive-driven, outcomes-based multicomponent corporate health management program including health risk appraisal (HRA)/wellness, lifestyle management, and disease management coaching programs. Medical, pharmacy, and short-term disability pre/post expenditure trends adjusted for demographics, health status, and baseline costs. Self-reported health risks from repeat HRA completers. Analysis: Propensity score-weighted and multivariate regression-adjusted comparison of baseline to post trends in health care expenditures and productivity costs for program participants and nonparticipants (i.e., difference in difference) relative to programmatic investment. The Well at Dell program achieved an overall return on investment of 2.48 in 2011. Most of the savings were realized from the HRA/wellness component of the program. Cost savings were supported with high participation and significant health risk improvement. An incentive-driven, well-managed comprehensive corporate health management program can continue to achieve significant health improvement while promoting health care and productivity cost savings in an employee population.

  5. Is a management degree worth the investment for physicians? A survey of members of the American College of Physician Executives.

    Science.gov (United States)

    Weeks, William B; Lazarus, Arthur; Wallace, Amy E

    2008-01-01

    In a survey of 568 physician members of the American College of Physician Executives (ACPE), most of whom had advanced management degrees (MBA, MMM, MPH), approximately 90% of respondents reported that their investment in the education was "worth it." The return on investment was independent of the quality of the academic institution, although primary care physicians stood to gain more relative to specialists. Salary comparisons showed that female physicians had approximately 20% lower incomes than male physicians, confirming the presence of a "glass ceiling" for female physician executives as seen in other medical specialties. These findings have implications for early and mid-career physicians and physician recruiters.

  6. Estimating vegetative biomass from LANDSAT-1 imagery for range management

    Science.gov (United States)

    Seevers, P. M.; Drew, J. V.; Carlson, M. P.

    1975-01-01

    Evaluation of LANDSAT-1, band 5 data for use in estimation of vegetative biomass for range management decisions was carried out for five selected range sites in the Sandhills region of Nebraska. Analysis of sets of optical density-vegetative biomass data indicated that comparisons of biomass estimation could be made within one frame but not between frames without correction factors. There was high correlation among sites within sets of radiance value-vegetative biomass data and also between sets, indicating comparisons of biomass could be made within and between frames. Landsat-1 data are shown to be a viable alternative to currently used methods of determining vegetative biomass production and stocking rate recommendations for Sandhills rangeland.

  7. ORNL long-range environmental and waste management plan

    Energy Technology Data Exchange (ETDEWEB)

    Baldwin, J.S.; Bates, L.D.; Brown, C.H.; Easterday, C.A.; Hill, L.G.; Kendrick, C.M.; McNeese, L.E.; Myrick, T.E.; Payne, T.L.; Pepper, C.E.; Robinson, S.M.; Rohwer, P.S.; Scanlan, T.F.; Smith, M.A.; Stratton, L.E.; Trabalka, J.R.

    1989-09-01

    This report, the ORNL Long-Range Environmental and Waste Management Plan, is the annual update in a series begun in fiscal year 1985. Its primary purpose is to provide a thorough and systematic planning document to reflect the continuing process of site assessment, strategy development, and planning for the current and long-term control of environmental issues, waste management practices, and remedial action requirements. The document also provides an estimate of the resources required to implement the current plan. This document is not intended to be a budget document; it is, however, intended to provide guidance to both Martin Marietta Energy Systems, Inc., and the US Department of Energy (DOE) management as to the near order of magnitude of the resources (primarily funding requirements) and the time frame required to execute the strategy in the present revision of the plan. As with any document of this nature, the near-term (one to three years) part of the plan is a pragmatic assessment of the current program and ongoing capital projects and reflects the efforts perceived to be necessary to comply with all current state and federal regulations and DOE orders. It also should be in general agreement with current budget (funding) requests and obligations for these immediate years. 55 figs., 72 tabs.

  8. The value of forage measurement information in rangeland management. [implementation of satellite data in range management

    Science.gov (United States)

    Lietzke, K. R.

    1975-01-01

    An economic model and simulation are developed to estimate the potential social benefit arising from the use of alternative measurement systems in rangeland management. In order to estimate these benefits, it was necessary to model three separate systems: the range environment, the rangeland manager, and the information system which links the two. The rancher's decision-making behavior is modeled according to sound economic principles. Results indicate substantial potential benefits, particularly when used in assisting management of government-operated ranges; possible annual benefits in this area range from $20 to $46 million, depending upon the system capabilities assumed. Possible annual benefit in privately-managed stocker operations range from $2.8 to $49.5 million, depending upon where actual rancher capabilities lie and what system capabilities are assumed.

  9. Best Practices. An Integrated Portfolio Management Approach to Weapon System Investments Could Improve DOD's Acquisition Outcomes

    National Research Council Canada - National Science Library

    2007-01-01

    .... Specifically, GAO compared DOD's processes for investing in weapon systems to the best practices that successful commercial companies use to achieve a balanced mix of new products, and identified...

  10. Natural Capital Management: An Evolutionary Paradigm for Sustainable Restoration Investment - 13455

    Energy Technology Data Exchange (ETDEWEB)

    Koetz, Maureen T. [Koetz and Duncan LLC, Suite 30J, 355 South End Avenue, New York, NY 10280 (United States)

    2013-07-01

    Unlike other forms of capital assets (built infrastructure, labor, financial capital), the supply of usable or accessible air, land, and water elements (termed Natural Capital Assets or NCA) available to enterprise processes is structurally shrinking due to increased demand and regulatory restriction. This supply/demand imbalance is affecting all forms of public and private enterprise (including Federal Facilities) in the form of encroachment, production limits, cost increases, and reduced competitiveness. Department of Energy (DOE) sites are comprised of significant stocks of NCA that function as both conserved capital (providing ecosystem services and other reserve capacity), and as natural infrastructure (supporting major Federal enterprise programs). The current rubric of 'Environmental Stewardship' provides an unduly constrained management paradigm that is focused largely on compliance process metrics, and lacks a value platform for quantifying, documenting, and sustainably re-deploying re-capitalized natural asset capacity and capability. By adopting value-based system concepts similar to built infrastructure accounting and information management, 'stewarded' natural assets relegated to liability- or compliance-focused outcomes become 're-capitalized' operational assets able to support new or expanded mission. This growing need for new accounting and management paradigms to capture natural capital value is achieving global recognition, most recently by the United Nations, world leaders, and international corporations at the Rio+20 Summit in June of 2012. Natural Capital Asset Management (NCAM){sup TM} is such an accounting framework tool. Using a quantification-based design, NCAM{sup TM} provides inventory, capacity and value data to owners or managers of natural assets such as the DOE that parallel comparable information systems currently used for facility assets. Applied to Environmental Management (EM) and other DOE program

  11. DESIGNING A MANAGEMENT MODEL FOR ACHIEVING ECONOMIC-ENVIRONMENTAL BALANCE IN INVESTMENT PROJECTS

    Directory of Open Access Journals (Sweden)

    Frantescu Marius

    2010-12-01

    Full Text Available This paper describes a method for achieving the economic-environmental balance based on the assessment of environmental and/or pollutant factors in connection to community option on the evaluation of investment projects having a major impact on environment. This assessment is based on the concept of welfare, the distinction between satisfaction and dissatisfaction and implies a practical approach including the scientific aspects of environment pollution degree and the community position on developing an investment project, by assuming responsibility for negative and positive aspects of such a project, respectively for satisfaction and dissatisfaction, in order to fulfill the supreme goal of preserving the environment and ensuring human welfare.

  12. 78 FR 79298 - Securities Exempted; Distribution of Shares by Registered Open-End Management Investment Company...

    Science.gov (United States)

    2013-12-30

    ... Business Investment Companies, 23 FR 10484 (Dec. 30, 1958). \\2\\ Amendments to the Offering Exemption Under Regulation E of the Securities Act of 1933, 49 FR 35342 (Sept. 7, 1984). As part of Regulation E, rule 602... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE...

  13. Exploring determinants of farmers' investments in land management in the Central Rift Valley of Ethiopia

    NARCIS (Netherlands)

    Adimassu Teferi, Z.; Kessler, A.; Hengsdijk, H.

    2012-01-01

    Land degradation, especially water erosion and nutrient depletion, seriously affects agricultural production in the Central Rift Valley of Ethiopia. Farmers' investments to conserve their land are until now however quite limited. The objective of this study is to identify the major factors that

  14. Recognizing history in range ecology: 100 years of science and management on the Santa Rita Experimental Range

    Science.gov (United States)

    Nathan F. Sayre

    2003-01-01

    At the centennial of the Santa Rita Experimental Range, historical analysis is called for on two levels. First, as a major site in the history of range ecology, the Santa Rita illuminates past successes and failures in science and management and the ways in which larger social, economic, and political factors have shaped scientific research. Second, with the turn away...

  15. Making Energy-Efficiency and Productivity Investments in Commercial Buildings: Choice of Investment Models

    Energy Technology Data Exchange (ETDEWEB)

    Jones, D.W.

    2002-05-16

    This study examines the decision to invest in buildings and the types of investment decision rules that may be employed to inform the ''go--no go'' decision. There is a range of decision making tools available to help in investment choices, which range from simple rules of thumb such as payback periods, to life-cycle analysis, to decision theoretic approaches. Payback period analysis tends to point toward lower first costs, whereas life-cycle analysis tends to minimize uncertainties over future events that can affect profitability. We conclude that investment models that integrate uncertainty offer better explanations for the behavior that is observed, i.e., people tend to delay investments in technologies that life-cycle analysis finds cost-effective, and these models also lead to an alternative set of policies targeted at reducing of managing uncertainty.

  16. Return on Scientific Investment - RoSI: a PMO dynamical index proposal for scientific projects performance evaluation and management.

    Science.gov (United States)

    Caous, Cristofer André; Machado, Birajara; Hors, Cora; Zeh, Andrea Kaufmann; Dias, Cleber Gustavo; Amaro Junior, Edson

    2012-01-01

    To propose a measure (index) of expected risks to evaluate and follow up the performance analysis of research projects involving financial and adequate structure parameters for its development. A ranking of acceptable results regarding research projects with complex variables was used as an index to gauge a project performance. In order to implement this method the ulcer index as the basic model to accommodate the following variables was applied: costs, high impact publication, fund raising, and patent registry. The proposed structured analysis, named here as RoSI (Return on Scientific Investment) comprises a pipeline of analysis to characterize the risk based on a modeling tool that comprises multiple variables interacting in semi-quantitatively environments. This method was tested with data from three different projects in our Institution (projects A, B and C). Different curves reflected the ulcer indexes identifying the project that may have a minor risk (project C) related to development and expected results according to initial or full investment. The results showed that this model contributes significantly to the analysis of risk and planning as well as to the definition of necessary investments that consider contingency actions with benefits to the different stakeholders: the investor or donor, the project manager and the researchers.

  17. Return on Scientific Investment – RoSI: a PMO dynamical index proposal for scientific projects performance evaluation and management

    Directory of Open Access Journals (Sweden)

    Cristofer André Caous

    2012-06-01

    Full Text Available Objective: To propose a measure (index of expected risks to evaluateand follow up the performance analysis of research projects involvingfinancial and adequate structure parameters for its development.Methods: A ranking of acceptable results regarding researchprojects with complex variables was used as an index to gauge aproject performance. In order to implement this method the ulcerindex as the basic model to accommodate the following variableswas applied: costs, high impact publication, fund raising, and patentregistry. The proposed structured analysis, named here as RoSI(Return on Scientific Investment comprises a pipeline of analysis tocharacterize the risk based on a modeling tool that comprises multiplevariables interacting in semi-quantitatively environments. Results:This method was tested with data from three different projects in ourInstitution (projects A, B and C. Different curves reflected the ulcer indexes identifying the project that may have a minor risk (project C related to development and expected results according to initial or full investment. Conclusion: The results showed that this model contributes significantly to the analysis of risk and planning as well as to the definition of necessary investments that consider contingency actions with benefits to the different stakeholders: the investor or donor, the project manager and the researchers.

  18. Delivering TfL's Investment Programme: A Knowledge Integration Ethos for Middle Managers

    OpenAIRE

    Mensah, Emmanuel Edmondson

    2006-01-01

    London transport system has suffered for decades from a lack of consistent investment. Government Ministers have always acknowledged that effective transport in the Capital is vital for the prosperity of the United Kingdom and the wellbeing of London, and yet governments have historically under-funded a system that was once the envy of the world and inspired imitators around the globe. Even when funding was pledged, all too often the amount was chopped and changed year after year. The res...

  19. RANGE RAM: a long-term planning method for managing grazing lands

    Science.gov (United States)

    Henricus C. Jansen

    1976-01-01

    Range RAM (Resource Allocation Method) is a computerized planning method designed to assist range managers in developing and selecting alternatives in spatial and temporal allocation of resources. The technique is applicable at the frest or district management levels, or their equivalents. Range RAM can help formulate plans that maximize the production of range outputs...

  20. 13 CFR 108.510 - SBA approval of NMVC Company's Investment Adviser/Manager.

    Science.gov (United States)

    2010-01-01

    ... ADMINISTRATION NEW MARKETS VENTURE CAPITAL (âNMVCâ) PROGRAM Managing the Operations of a NMVC Company Management..., managing members, or general partner. If you have Leverage or plan to seek Leverage, you must obtain SBA's... Expenses. (b) Material change to approved management contract. If there is a material change, both you and...

  1. Investing in Obesity Treatment: Kaiser Permanente's Approach to Chronic Disease Management.

    Science.gov (United States)

    Tsai, Adam G; Histon, Trina; Donahoo, W Troy; Hashmi, Shahid; Murali, Sameer; Latare, Peggy; Oliver, Lajune; Slovis, Jennifer; Grall, Sarah; Fisher, David; Solomon, Loel

    2016-09-01

    Kaiser Permanente, an integrated health care delivery system in the USA, takes a "whole systems" approach to the chronic disease of obesity that begins with efforts to prevent it by modifying the environment in communities and schools. Aggressive case-finding and substantial investment in intensive lifestyle modification programs target individuals at high risk of diabetes and other weight-related conditions. Kaiser Permanente regions are increasingly standardizing their approach when patients with obesity require treatment intensification using medically supervised diets, prescription medication to treat obesity, or weight loss surgery.

  2. A new approach to managing work-related road traffic injury: The development of a health investment framework.

    Science.gov (United States)

    Warmerdam, Amanda; Newnam, Sharon; Sheppard, Dianne; Griffin, Mark; Stevenson, Mark

    2017-08-18

    Statistics indicate that employees commuting or traveling as part of their work are overrepresented in workplace injury and death. Despite this, many organizations are unaware of the factors within their organizations that are likely to influence potential reductions in work-related road traffic injury. This article presents a multilevel conceptual framework that identifies health investment as the central feature in reducing work-related road traffic injury. Within this framework, we explore factors operating at the individual driver, workgroup supervisor, and organizational senior management levels that create a mutually reinforcing system of safety. The health investment framework identifies key factors at the senior manager, supervisor, and driver levels to cultivating a safe working environment. These factors are high-performance workplace systems, leader-member exchange and autonomy, trust and empowerment, respectively. The framework demonstrates the important interactions between these factors and how they create a self-sustaining organizational safety system. The framework aims to provide insight into the future development of interventions that are strategically aligned with the organization and target elements that facilitate and enhance driver safety and ultimately reduce work-related road traffic injury and death.

  3. GPS/GIS technology in range cattle management

    Science.gov (United States)

    Animal dominated landscapes are dynamic and not fully understood. Electronics were first employed in the mid-1970’s to monitor free-ranging cattle behavior and its impact on forage utilization. By the mid-90’s satellite positioning systems were being used to monitor wildlife and had all but remove...

  4. Medicinal management of corneal opacity in free ranging rhesus ...

    African Journals Online (AJOL)

    Corneal opacification was diagnosed in 17 free ranging rhesus macaques during detailed ophthalmic examination as a part of clinical health examination, at the monkey rescue sterilization centre in Hamirpur Himachal Pradesh, India. The cornea was completely opaque permitting only a little vision with respect to the ...

  5. Community-Managed Disaster Risk Reduction : Investing in Resilience. A report prepared for Cordaid

    NARCIS (Netherlands)

    Gordon, A.N.

    2012-01-01

    Cordaid has been supporting community-managed disaster risk reduction (CMDRR) and drought cycle management (DCM) in the Horn of Africa for eight years. Many evaluations have pointed to successful outcomes but quantitative data are scarce. The aim of this study was to verify the extent to which

  6. What Do University Endowment Managers Worry About? An Analysis of Alternative Asset Investments and Background Income

    Science.gov (United States)

    Rosen, Harvey S.; Sappington, Alexander J. W.

    2016-01-01

    This paper examines whether university endowment managers think only in terms of the assets they manage or also take into account background income, that is, the other flows of income to the university. Specifically, we test whether the level and variability of a university's background income (e.g., from tuition and government grants) affect its…

  7. SERDP and ESTCP Technical Exchange Meeting on DoD Operational Range Assessment and Management Approaches

    National Research Council Canada - National Science Library

    2007-01-01

    ...) that sought to inform representatives from the range management and assessment communities of applicable technologies developed by SERDP, ESTCP, and the Army Environmental Quality Technology (EQT...

  8. Determinants of Discretionary Investments

    Directory of Open Access Journals (Sweden)

    K. S. Sujit

    2016-03-01

    Full Text Available Theoretical and empirical studies have focused on discretionary investments such as research and development (R&D and advertisement as value-creating activities. This empirical research article examines the determinants of the discretionary investment policy of food sector firms in India. The study aims to analyze the impact of financial policies and firm characteristics on the discretionary investment strategy of the food industry firms. The article uses the partial least squares structural equation modeling (PLS-SEM to understand the drivers of discretionary investment policy of food sector firms. The study finds that investment policy of firms is a major determinant of profitability of food sector firms. Higher investments in capital expenditures and working capital result in higher profitability. Management efficiency significantly influences firm profitability. The results suggest that riskier firms in food sector might focus on R&D investments as a strategy to generate more cash flows. Size of firm is negatively related to R&D intensity. Smaller firms in food sector tend to invest more in R&D. The study does not provide evidence to suggest that profitable firms invest more in R&D activities.

  9. CONDITIONS OF SUSTAINABILITY OF INVESTMENT BUILDING PROJECTS BASED ON THE RISK MANAGEMENT CONCEPT

    Directory of Open Access Journals (Sweden)

    Morozenko Andrey Aleksandrovich

    2012-10-01

    minimization of risky situations requires reduction of the project implementation period; development of domestic methodologies and standards of project risk management tailored to the conditions of our construction industry is a relevant assignment.

  10. Investment Strategy and Efficiency of Investment Activity of European Insurers

    Directory of Open Access Journals (Sweden)

    Zhabynets Olga Yo.

    2014-02-01

    Full Text Available The article studies investment strategy and efficiency of investment activity of European insurance companies. In particular, it analyses the share of investments of insurance companies of Europe in GDP, investment portfolio of European insurers and its structure, contribution of insurance companies – leaders of investment activity – into the European investment portfolio. It studies influence of the financial crisis upon investment strategy of European insurers and analyses efficiency of investment activity of European insurers in risk insurance and life insurance. The article proves that investment business models of insurance companies are capable of resisting crisis phenomena more efficiently than other financial institutions. It marks out that measures of insurance companies that are directed at increase of profitability of investments require from them both significant expenditures on creation of the system of investment risk management and open access to different categories of financial assets and markets, which influences the general risk level, taken upon by an insurance company. The author draws a conclusion that, taking into account recent developments, European insurers should focus on equity and investment risk management, finding new possibilities for their (investments growth and also adaptation of new systems and operations for solution of these important tasks.

  11. Investing in health information management: The right people, in the right place, at the right time.

    Science.gov (United States)

    Ayodeji Makinde, Olusesan; Mami, Mohammed Ibrahim; Oweghoro, Benson Macaulay; Oyediran, Kolawole Azeez; Mullen, Stephanie

    2016-08-01

    To describe the process adopted to review the academic curriculum for training health information management professionals in Nigeria. Health information management professionals are responsible for managing patients' health service records and hospital information systems across health facilities in Nigeria. An assessment found many are inadequately skilled in information and communications technology (ICT) skills believed to be needed for them to play leadership roles in hospital information systems and function effectively. This was traced to a dearth of relevant ICT courses in their academic training curriculum. A review of the curriculum for training health information management professionals was instituted following an agreed need to address these issues. Health records management is evolving across the world including the developing countries. This advancement requires evolution of training programs to meet the increasing application of ICT in this sector. After several sessions, a new curriculum that addresses all the identified educational deficiencies has been developed. It is believed that this step will help improve the quality of training programs. © The Author(s) 2016.

  12. The Colorado Front Range Ecosystem Management Research Project: Accomplishments to date

    Science.gov (United States)

    Brian Kent; Wayne D. Shepperd; Deborah J. Shields

    2000-01-01

    This article briefly describes the goals and objectives for the Colorado Front Range Ecosystem Management Project (FREM). Research under this project has addressed both biophysical and human dimensions problems relating to ecosystem management in the Colorado Front Range. Results of completed work are described, and the status of the ongoing demonstration project at...

  13. 77 FR 65025 - Trust for Professional Managers and Collins Capital Investments, LLC; Notice of Application

    Science.gov (United States)

    2012-10-24

    ... a vote of a majority of the company's outstanding voting securities. Rule 18f-2 under the Act... objectives. Applicants assert that, from the perspective of the shareholder, the role of the Subadvisors is... Subadvisory Agreements. \\4\\ A ``Multi-manager Notice'' will be modeled on a Notice of Internet Availability as...

  14. A GIS-based framework for evaluating investments in fire management: Spatial allocation of recreation values

    Science.gov (United States)

    Kenneth A. Baerenklau; Armando González-Cabán; Catrina I. Páez; Edgard. Chávez

    2009-01-01

    The U.S. Forest Service is responsible for developing tools to facilitate effective and efficient fire management on wildlands and urban-wildland interfaces. Existing GIS-based fire modeling software only permits estimation of the costs of fire prevention and mitigation efforts as well as the effects of those efforts on fire behavior. This research demonstrates how the...

  15. The Strategic Management of Human Capital: Making the Smart Investments in Teachers and Principals

    Science.gov (United States)

    Berry, Barnett

    2009-01-01

    In this paper the author summarizes some of the most relevant issues, evidence, and divergent thinking relative to the strategic management of human capital in education. This paper has been built upon the most recent research, interviews with 20 of the leading experts around the nation, and structured conversations with leading-edge educators in…

  16. Increase Return on Investment of Software Development Life Cycle by Managing the Risk - A Case Study

    Science.gov (United States)

    2015-04-01

    Prescribed by ANSI Std Z39-18 William F. Kramer, Mehmet Sahinoglu, and David Ang This research article aims to identify and introduce cost-saving measures...174–191 Author Biographies Mr. William F. Kramer has over 25 years in the Information Technology field. He has developed, sustained, and operated...education includes a BS in Computer Science from Chapman University, an MS in Management Science from Faulkner University, and an MS in

  17. How to manage future groundwater resource of China under climate change and urbanization: An optimal stage investment design from modern portfolio theory.

    Science.gov (United States)

    Hua, Shanshan; Liang, Jie; Zeng, Guangming; Xu, Min; Zhang, Chang; Yuan, Yujie; Li, Xiaodong; Li, Ping; Liu, Jiayu; Huang, Lu

    2015-11-15

    Groundwater management in China has been facing challenges from both climate change and urbanization and is considered as a national priority nowadays. However, unprecedented uncertainty exists in future scenarios making it difficult to formulate management planning paradigms. In this paper, we apply modern portfolio theory (MPT) to formulate an optimal stage investment of groundwater contamination remediation in China. This approach generates optimal weights of investment to each stage of the groundwater management and helps maximize expected return while minimizing overall risk in the future. We find that the efficient frontier of investment displays an upward-sloping shape in risk-return space. The expected value of groundwater vulnerability index increases from 0.6118 to 0.6230 following with the risk of uncertainty increased from 0.0118 to 0.0297. If management investment is constrained not to exceed certain total cost until 2050 year, the efficient frontier could help decision makers make the most appropriate choice on the trade-off between risk and return. Copyright © 2015 Elsevier Ltd. All rights reserved.

  18. Revising the Depreciation and Investment Credit Lessons for Farm Management and Supervised Occupational Experience for Use in Missouri Programs of Vocational Agriculture. Final Report.

    Science.gov (United States)

    Rohrbach, Norman; And Others

    This project developed four lessons that reflect the 1981 tax laws as they relate to the use of investment credit and depreciation in farm accounting systems. Project staff reviewed tax laws and related materials and identified four lessons in farm management and supervised occupational experience that needed revision. Materials were then…

  19. Risk-based investment trade-off related to building facility management

    Energy Technology Data Exchange (ETDEWEB)

    Taillandier, F. [Departement TIDS, Centre Scientifique et Technique du Batiment, 06904 Sophia Antipolis (France); Laboratoire Optimisation de la conception et Ingenierie de l' environnement, Polytech' Savoie, Universite de Savoie, 73376 Le Bourget du lac (France)], E-mail: franck.taillandier@univ-savoie.fr; Sauce, G. [Laboratoire Optimisation de la conception et Ingenierie de l' environnement, Polytech' Savoie, Universite de Savoie, 73376 Le Bourget du lac (France); Bonetto, R. [Departement TIDS, Centre Scientifique et Technique du Batiment, 06904 Sophia Antipolis (France)

    2009-04-15

    Due to his or her profession, any building facility manager has to face many decision-making situations. One of the most important to be mentioned is the arbitration of a multi-year maintenance plan for buildings. Deciding between proposed maintenance actions, according to several constraints, so as to aim at satisfying corporate strategy is a complex choice. Risk approaches can be particularly effective because of their ability to handle complexity and uncertainties. The problem is then to be able to propose a method considering risks, adapted to the specific context of building facility management. Our method, regarded as a traditional approach, includes needed resources (i.e. costs) according to constraints (i.e. budget), but it also considers several risk domains (safety, technical preservation, client satisfaction, etc.), through the consequences (gain and loss). It proposes an ergonomic arbitration system based on filters following two complementary approaches: a selection of the fundamental actions and then an optimization of the plan (in a global view). The aim, for decision-makers, is to build their own solution by testing multiple angles of vision in simulation logic. This article presents the principles of the method, illustrated by an example of a real case conducted for a leading French company.

  20. Financing Investment

    DEFF Research Database (Denmark)

    Hirth, Stefan; Flor, Christian Riis

    Intuition suggests that corporate investment should be decreasing in financing constraints. We show that even when financing is obtained using a standard debt contract and there is symmetric information between the firm and outside investors, the relation is actually U-shaped. We thus provide a new...... theoretical explanation for the recent empirical findings of Cleary et al. (2007). We split up the endogenously implied financing costs and propose a trade-off between expected liquidation costs and second-best investment costs. For rather unconstrained firms, the risk of costly liquidation dominates the cost...... of underinvestment and, hence, induces cutting down investment. On the other hand, severely constrained firms benefit more by getting closer to the first-best investment implying higher investment....

  1. Engineering management technologies of increasing energy efficiency processes in the investment and construction projects

    Science.gov (United States)

    Borisovich Zelentsov, Leonid; Dmitrievna Mailyan, Liya; Sultanovich Shogenov, Murat

    2017-10-01

    The article deals with the problems of using the energy-efficient materials and engineering technologies during the construction of buildings and structures. As the analysis showed, one of the most important problems in this sphere is the infringement of production technologies working with energy-efficient materials. To improve the given situation, it is offered to set a technological normal at the design stage by means of working out the technological maps studying the set and the succession of operations in details, taking in mind the properties of energy-efficient materials. At Don State Technical University (DSTU) the intelligent systems of management are being developed providing organizational and technological and also informational integration of design and production stages by means of creating the single database of technological maps, volumes of work and resources.

  2. INVESTMENT FUNDS IN ROMANIA

    Directory of Open Access Journals (Sweden)

    COPIL CRINA ANGELA

    2013-07-01

    , respectively the investment in instruments with larger capacity, the flexibility determined by the possibility of withdrawal in any moment without losing the cumulated gain, the administration of the portfolio by the professional administrators, the access to diversified placements with small sums, the reduction of the risk by the diversification, the strict regulation and surveillance of the activity of investments administration by the authorities surveying the financial markets. In the developed countries, the placements in administered investments can reach up to 40% of the financial assets of the families, and the deposits own a percentage of 40-50% of the assets, while in Romania the percentage of the investments administered of the total financial assets of the families is under 10%, and the placements in deposits represents over 80%. I consider that the founding of the subsidiaries of assets management in Romania by the banking financial groups contributed and will contribute in a great measure in the future to the increase of the degree of knowledge and acceptance of the investment in investment funds.

  3. 78 FR 23318 - Trust for Professional Managers and Aurora Investment Management L.L.C.; Notice of Application

    Science.gov (United States)

    2013-04-18

    ... from which the Advisor or the Affiliated Subadvisor derives an inappropriate advantage. The Initial... the company's outstanding voting securities. Rule 18f-2 under the Act provides that each series or... amending Subadvisory Agreements. \\5\\ A ``Multi-manager Notice'' will be modeled on a Notice of Internet...

  4. Managing Capital Investments and Resources for Large, Complex Satellite Development Efforts

    Science.gov (United States)

    Ryan, Richard M.

    2017-01-01

    Once the schedule was baselined and the primary, secondary, and tertiary critical paths (at least) were established: Identified what entity control which portion of the schedule reserve Dollarized the time associated with the schedule reserve and segregated it off from other budget reserves authorization to spend only came when authorization to utilize the time was given Created a process to manage the control of these resources This process was above and beyond the typical schedule controls used to monitor and maintain the day-to-day schedules Webb telescope will be the premier space observatory for astronomers worldwide,extending the tantalizing discoveries of the Hubble Space telescope• An international collaboration among NASA, the European Space Agency, and theCanadian Space Agency• The largest telescope ever placed in space, Webb will be 100 times more powerful thanHubble• It is so big it has to fold origami-style to fit in the rocket and will unfold like a transformeronce in space• The 5-layer sunshield protects the telescope from the Sun, Earth, and Moon’s infraredradiation. It’s like having sun protection of SPF 1 million• Unprecedented infrared sensitivity will peer back in time over 13.5 billion years to see thefirst galaxies born after the Big Bang• Hubble orbits 350 miles above the Earth; Webb will orbit the sun 1 million miles fromEarth• Launch from French Guiana in 2018

  5. 76 FR 27959 - Investment Adviser Performance Compensation

    Science.gov (United States)

    2011-05-13

    ... COMMISSION 17 CFR Part 275 RIN 3235-AK71 Investment Adviser Performance Compensation AGENCY: Securities and... amount tests in the rule under the Investment Advisers Act of 1940 that permits investment advisers to... Director, at 202-551-6792, Office of Regulatory Policy, Division of Investment Management, Securities and...

  6. 12 CFR 615.5132 - Investment purposes.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Investment purposes. 615.5132 Section 615.5132... POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Investment Management § 615.5132 Investment purposes. Each Farm Credit bank is allowed to hold eligible investments, listed under § 615.5140, in an amount not to...

  7. Stream chemistry responses to four range management strategies in eastern Oregon.

    Science.gov (United States)

    A.R. Tiedemann; D.A. Higgins; T.M. Quigley; H.R. Sanderson

    1989-01-01

    Responses of stream chemistry parameters, nitrate-N (NO3-N), phosphate (PO4), calcium (Ca), magnesium (Mg), potassium (K), sodium (Na), and hydrogen ion activity (pH) were measured on 13 wildland watersheds managed at four different grazing strategies. Range management strategies tested were (A) no grazing, (B) grazing without control of livestock distribution (8.2 ha/...

  8. Value Investing

    OpenAIRE

    Kubínyi, Tomáš

    2014-01-01

    This bachelor's thesis deals with value investing in the form defined by Benjamin Graham. In clarifying the theoretical aspects, particular attention is given to an intrinsic value of stocks and to its calculation methods. A way to overcome the deficiencies in the two most widely used models of calculation is introduced. It is value screening, which by defining of certain criteria makes an assumption of undervalued stocks. Then the investment approach of the most successful investor, Warren B...

  9. Calibrating and testing a gap model for simulating forest management in the Oregon Coast Range

    Science.gov (United States)

    Robert J. Pabst; Matthew N. Goslin; Steven L. Garman; Thomas A. Spies

    2008-01-01

    The complex mix of economic and ecological objectives facing today's forest managers necessitates the development of growth models with a capacity for simulating a wide range of forest conditions while producing outputs useful for economic analyses. We calibrated the gap model ZELIG to simulate stand level forest development in the Oregon Coast Range as part of a...

  10. Pinon-juniper management research at Corona Range and Livestock Research Center in Central New Mexico

    Science.gov (United States)

    Andres Cibils; Mark Petersen; Shad Cox; Michael Rubio

    2008-01-01

    Description: New Mexico State University's Corona Range and Livestock Research Center (CRLRC) is located in a pinon-juniper (PJ)/grassland ecotone in the southern Basin and Range Province in south central New Mexico. A number of research projects conducted at this facility revolve around soil, plant, livestock, and wildlife responses to PJ woodland management. The...

  11. Responses of herbage and browse production to six range management strategies.

    Science.gov (United States)

    H. Reed Sanderson; Thomas M. Quigley; Arthur R. Tiedemann

    1990-01-01

    From 1977 through 1986, herbage and browse production was sampled on 619 sites representing 10 ecosystems and 51 resource units on the Oregon Range Evaluation study area. We determined the effects of six range management strategies and cultural treatments on combined herbage and browse production. Mean herbage and browse production on the forest ecosystems was 145...

  12. 75 FR 26815 - AdvisorShares Investments, LLC and AdvisorShares Trust; Notice of Application

    Science.gov (United States)

    2010-05-12

    ...) secondary market transactions in Shares to occur at negotiated market prices; (c) certain series to pay... investment objective by utilizing an ``active'' management strategy. Funds may invest in equity securities or... Shares (the ``Distributor''). 4. Applicants anticipate that the price of a Share will range from $20 to...

  13. IMPORTANT CONCERN INVESTMENT MANAGEMENT

    Directory of Open Access Journals (Sweden)

    SINTEA (ANGHEL LUCICA

    2014-06-01

    Full Text Available The issue of probabilities, uncertainties and risks has concerned society since ancient times. By probability we can see the possible realization of an act or event under certain conditions. Uncertainty is caused by emotional status of the decision maker due to more subjective factors or to the knowledge to achieve an objective. Risk is a combination of the two elements characterized by a possible description of probabilities under insecurity uncertainty conditions.

  14. Management challenges in a short-range low-velocity gunshot injury.

    Science.gov (United States)

    Arunkumar, K V; Kumar, Sanjeev; Aggarwal, Rajat; Dubey, Prajesh

    2012-07-01

    The use of firearms is becoming more prevalent in the society and hence the number of homicidal and suicidal cases. The severity of gunshot wounds varies depending on the weapons caliber and the distance of firing. Close-range, high-velocity gunshot wounds in the head and neck region can result in devastating esthetic and functional impairment. The complexity in facial skeletal anatomy cause multiple medical and surgical challenges to an operating surgeon, demanding elaborate soft and hard tissue reconstructions. Here we present the successful management of a patient shot by a low-velocity short-range pistol with basic life support measures, wound management, reconstruction, and rehabilitation.

  15. A Middle-Range Explanatory Theory of Self-Management Behavior for Collaborative Research and Practice.

    Science.gov (United States)

    Blok, Amanda C

    2017-04-01

    To report an analysis of the concept of self-management behaviors. Self-management behaviors are typically associated with disease management, with frequent use by nurse researchers related to chronic illness management and by international health organizations for development of disease management interventions. A concept analysis was conducted within the context of Orem's self-care framework. Walker and Avant's eight-step concept analysis approach guided the analysis. Academic databases were searched for relevant literature including CIHAHL, Cochrane Databases of Systematic Reviews and Register of Controlled Trials, MEDLINE, PsycARTICLES and PsycINFO, and SocINDEX. Literature using the term "self-management behavior" and published between April 2001 and March 2015 was analyzed for attributes, antecedents, and consequences. A total of 189 journal articles were reviewed. Self-management behaviors are defined as proactive actions related to lifestyle, a problem, planning, collaborating, and mental support, as well as reactive actions related to a circumstantial change, to achieve a goal influenced by the antecedents of physical, psychological, socioeconomic, and cultural characteristics, as well as collaborative and received support. The theoretical definition and middle-range explanatory theory of self-management behaviors will guide future collaborative research and clinical practice for disease management. © 2016 Wiley Periodicals, Inc.

  16. 75 FR 27286 - McKelvie Geographic Area Range Allotment Management Planning on the Samuel R. McKelvie National...

    Science.gov (United States)

    2010-05-14

    ... Forest Service McKelvie Geographic Area Range Allotment Management Planning on the Samuel R. McKelvie..., 2010 (FR Vol. 75, No. 48, p. 11882) concerning the range allotment management planning on the McKelvie... will provide the public with an opportunity to review and comment on the range allotment management...

  17. Soil pollution at outdoor shooting ranges: Health effects, bioavailability and best management practices.

    Science.gov (United States)

    Fayiga, A O; Saha, U K

    2016-09-01

    The total lead (Pb) concentrations of the surface soil, sub surface soil, vegetation and surface waters of outdoor shooting ranges are extremely high and above regulatory limits. Lead is dangerous at high concentrations and can cause a variety of serious health problems. Shooters and range workers are exposed to lead dust and can even take Pb dust home to their families while some animals around the shooting range can ingest the Pb bullets. The toxicity of Pb depends on its bioavailability which has been determined to be influenced greatly by the geochemical properties of each site. The bioavailability of Pb in shooting ranges has been found to be higher than other metal contaminated soils probably because of its very low residual Pb (shooting ranges and offsite has been reported in literature. Best management practices to reduce mobility of Pb in shooting ranges involve an integrated Pb management program which has been described in the paper. The adoption of the non-toxic "green bullet" which has been developed to replace Pb bullets may reduce or prevent environmental pollution at shooting ranges. However, the contaminated soil resulting from decades of operation of several shooting ranges still needs to be restored to its natural state. Copyright © 2016 Elsevier Ltd. All rights reserved.

  18. INVESTMENT DECISION-MAKING IN FOREIGN BUSINESS ORGANIZATIONS

    Directory of Open Access Journals (Sweden)

    A. Yu. Solomatin

    2011-01-01

    Full Text Available Investment decisions are taken in entrepreneur structures of foreign countries proceeding from specific sets of indices, investment implementation expected economic efficiency, risk degree and environmental impact being main parameters. Investment decision-making systems are differentin different countries as well as directions of finding most efficient investment projects and investment strategic management tools to optimize the investments and the risks. Investment project efficiency indices used by most of foreign entrepreneurship organizations and project rangingcriteria are discussed in detail.

  19. 77 FR 67329 - Information Collection: Agricultural Foreign Investment Disclosure Act

    Science.gov (United States)

    2012-11-09

    ...; ] DEPARTMENT OF AGRICULTURE Farm Service Agency Information Collection: Agricultural Foreign Investment... collection associated with the Agricultural Foreign Investment Disclosure Act (AFIDA) of 1978. DATES: We will... Foreign Investment Disclosure Act (AFIDA) Program Manager, Natural Resources Analysis Group, Economic and...

  20. The use of historical range and variability (HRV) in landscape management

    Science.gov (United States)

    Robert E. Keane; Paul F. Hessburg; Peter B. Landres; Fred J. Swanson

    2009-01-01

    This paper examines the past, present, and future use of the concept of historical range and variability (HRV) in land management. The history, central concepts, benefits, and limitations of HRV are presented along with a discussion on the value of HRV in a changing world with rapid climate warming, exotic species invasions, and increased land development. This paper...

  1. A selected bibliography: Application of Landsat digital multispectral scanner data to agriculture, forestry, and range management

    Science.gov (United States)

    Rohde, Wayne G.

    1977-01-01

    This bibliography contains citations of selected publications and technical reports dealing with the application of Landsat digital data analysis techniques to agriculture, forestry, and range management problems. All of the citations were published between 1973 and 1977. The citations reference publications and reports which discuss specific analysis techniques and specific resource applications.

  2. Hellsgate Big Game Winter Range Wildlife Mitigation Site Specific Management Plan for the Hellsgate Project.

    Energy Technology Data Exchange (ETDEWEB)

    Berger, Matthew T.; Judd, Steven L.

    1999-01-01

    This report contains a detailed site-specific management plan for the Hellsgate Winter Range Wildlife Mitigation Project. The report provides background information about the mitigation process, the review process, mitigation acquisitions, Habitat Evaluation Procedures (HEP) and mitigation crediting, current habitat conditions, desired future habitat conditions, restoration/enhancements efforts and maps.

  3. Spectrum Management Guidelines for National and Service Test and Training Ranges

    Science.gov (United States)

    2017-07-12

    C-1 C.3 UAV/ Drone and Situational Awareness Data Link (PLRS/EPLRS/A-EPLRS, 420 – 450 MHz... GPS Global Positioning System ISM Installation Spectrum Manager JTIDS Joint Tactical Information Distribution System KMR Kwajalein Missile Range...Positioning System ( GPS ).” CJCSM 3212.03A. 8 November 2013. May be superseded by update. Available to users with appropriate credentials at

  4. Irreversible investments revisited

    DEFF Research Database (Denmark)

    Sandal, Leif K.; Steinshamn, Stein I.; Hoff, Ayoe

    2007-01-01

    A multi-dimensional, non-linear dynamic model in continuous time is presented for the purpose of finding the optimal combination of exploitation and capital investment in optimal renewable resource management. Non-malleability of capital is incorporated in the model through an asymmetric cost......-function of investment, and investments can be both positive and negative. Exploitation is controlled through the utilisation rate of available capital. A novel feature in this model is that there are costs associated with the available capital whether it is utilised or not. And, in contrast to most of the previous...... literature, the state variables, namely the physical capital and the biological resource, enter the objective function. Due to the nonlinearities in this model some of the results are in sharp contrast to previous literature....

  5. 78 FR 48205 - Ranger Alternative Management, L.P. and Ranger Funds Investment Trust; Notice of Application

    Science.gov (United States)

    2013-08-07

    ... Fund may recoup the settlement costs charged by NSCC and DTC by imposing a transaction fee on investors.... Neither the Trust nor any Fund will be marketed or otherwise held out as a ``mutual fund.'' Instead, each... service fees charged with respect to shares of an Investing Fund will not exceed the limits applicable to...

  6. 78 FR 69147 - Ranger Alternative Management, L.P. and Ranger Funds Investment Trust; Notice of Application

    Science.gov (United States)

    2013-11-18

    ... Creation Unit from a Fund ] may be charged a fee (``Transaction Fee'') to protect existing shareholders of... investment company or a mutual fund. Instead, each Fund will be marketed as an ``exchange traded fund (``ETF... fees and overly complex fund structures. Applicants believe that the requested exemption is consistent...

  7. Traffic Management of Video on Demand: An Analysis of Investments for Improving the End User’s Quality of Experience

    Directory of Open Access Journals (Sweden)

    Francesca Di Pillo

    2016-05-01

    Full Text Available The current escalation in user demand for web contents, particularly Video on Demand (VoD, is causing a continu‐ ing increase in both the types of web traffic and the volumes of data transmitted. The greater demand arises from the new means of communication employed by individuals and companies, as well as the development of readily usable applications distributed by ‘app stores’. In this paper, we suggest that the stakeholders of a VoD frame‐ work, the Content Providers (CPs and the Internet Service Providers (telcos/ISPs, should guarantee a solid Quality of Experience (QoE to the end user through two potential investments: either in ultra-broadband (UBB or in the technologies for the acceleration of web content, known as the Content Delivery Network (CDN and Transparent Internet Caching (TIC. The aim of the paper is to analyse these investments in terms of providers' profits. The base hypothesis is that the investments are subsidized by the CPs, which, in recent years, have indeed been directing a large part of their revenues towards investments in network infrastructure.

  8. Recent advances in the management of bovine tuberculosis in free-ranging wildlife.

    Science.gov (United States)

    O'Brien, Daniel J; Schmitt, Stephen M; Rudolph, Brent A; Nugent, Graham

    2011-07-05

    Established foci of Mycobacterium bovis (the causative agent of bovine tuberculosis [bTB]) in free-ranging wildlife are currently under various stages of management on three continents (Africa, Europe and North America) and in New Zealand. Other, as yet undiagnosed, foci seem likely to exist elsewhere. The complex roles that these wildlife foci play in the ecology of bTB remain among the greatest challenges facing bTB control globally. Conceptually, management of bTB in free-ranging wildlife can be thought of as progressing from the discovery of an outbreak through frequently overlapping stages of epidemiological characterization, initial control, simulation and forecasting, focused control, and verification of eradication. Surveillance in its various forms remains a critical component of assessment throughout. Since the Fourth International M. bovis Conference in 2005, research on management of bTB in free-ranging wildlife has encompassed such areas as the human dimensions of wildlife management, mitigation of bTB risks from wildlife on cattle farms, vaccine biology, and epidemiology, with a major contribution from simulation modeling. In order to advance the actual field management of bTB, however, research must be sufficiently grounded to aid development of practical, affordable and politically defensible management interventions which stand a reasonable chance of being implemented. The current management of two wildlife reservoirs of bTB, brushtail possums (Trichosurus vulpecula) in New Zealand, and white-tailed deer (Odocoileus virginianus) in Michigan, USA, serve as contrasting examples of different wildlife management strategies aimed at achieving a common goal. In New Zealand, the importance of agricultural export markets and the status of the possum as a non-native pest have facilitated direct, aggressive management of the disease reservoir, resulting in considerable progress towards bTB freedom since 1994. In Michigan, the relative importance of the

  9. Monitoring and managing responses to climate change at the retreating range edge of forest trees.

    Science.gov (United States)

    Jump, Alistair S; Cavin, Liam; Hunter, Peter D

    2010-10-06

    Rising temperatures and increasing drought severity linked to global climate change are negatively impacting forest growth and function at the equatorial range edge of species distributions. Rapid dieback and range retractions are predicted to occur in many areas as temperatures continue to rise. Despite widespread negative impacts at the ecosystem level, equatorial range edges are not well studied, and their responses to climate change are poorly understood. Effective monitoring of tree responses to climate in these regions is of critical importance in order to predict and manage threats to populations. Remote sensing of impacts on forests can be combined with ground-based assessment of environmental and ecological changes to identify populations most at risk. Modelling may be useful as a 'first-filter' to identify populations of concern but, together with many remote sensing methods, often lacks adequate resolution for application at the range edge. A multidisciplinary approach, combining remote observation with targeted ground-based monitoring of local susceptible and resistant populations, is therefore required. Once at-risk regions have been identified, management can be adapted to reduce immediate risks in priority populations, and promote long-term adaptation to change. However, management to protect forest ecosystem function may be preferable where the maintenance of historical species assemblages is no longer viable.

  10. A Middle-Range Theory for Diabetes Self-management Mastery.

    Science.gov (United States)

    Fearon-Lynch, Jennifer A; Stover, Caitlin M

    2015-01-01

    Diabetes mellitus is the seventh leading cause of death in America and affects 382 million people worldwide. Individuals with diabetes must manage the complexity of the disease, its treatment, and complications to avert deleterious consequences associated with the illness. However, not all patients with diabetes successfully gain mastery to positively impact self-management. A new middle-range theory is proposed that merges 2 extant theories, theory of mastery and organismic integration theory, to better understand this human response. The theories' philosophical, theoretical, and conceptual perspectives were examined and relational properties synthesized to provide a conceptual representation of the phenomenon of interest.

  11. Information Technology Portfolio Management and the Real Options Method (ROM): Managing the Risks of IT Investments in the Department of the Navy (DON)

    National Research Council Canada - National Science Library

    Davis, Jeffery

    2003-01-01

    .... The Navy portion of those funds is over 55 billion. Rapid change and increasing uncertainty in the technology field has resulted in a high degree of financial risk associated with IT capital investment decisions...

  12. Meeting current and future conservation challenges through the synthesis of long-term silviculture and range management research

    Science.gov (United States)

    Mary Beth Adams; Joe NcNeel; Carlos. Rodriguez-Franco

    2010-01-01

    The Experimental Forests and Ranges (EFRs) of the Forest Service, U.S. Department of Agriculture were established to represent major forest vegetation types of the United States, to provide guidelines for management of those forests and ranges, and to serve as "outdoor classrooms" for land managers to learn how to better manage their forests. Research data...

  13. Department of Defense Best Management Practices for Munitions Constituents on Operational Ranges

    Science.gov (United States)

    2014-04-01

    or part of the solution) at numerous U.S. Department of Defense (DoD) sites impacted with chlorinated solvents, petroleum hydrocarbons, and...monitoring wells throughout the plume. Analytical techniques (e.g., compound specific isotope analysis) may be required to demonstrate and quantify the...last resort for training range applications for situations where other management options are not possible or are ineffective, and/or an important

  14. NASA Information Resources Management Long Range Plan, FY 1994-1998

    Science.gov (United States)

    1993-01-01

    Table of Contents: Introduction; Agency 5-Year IRM Investment Projections; Program Specific IRM Activities by Program Office; Major IRM Program Accomplishments for FY 1992; Information Collection Budget; Summary of Computer Security Plans; and Appendix: Acronym List.

  15. EBRD equity investment

    Directory of Open Access Journals (Sweden)

    Simen, A.

    2012-01-01

    Full Text Available The EBRD is the largest investor in private equity funds, mainly focusing on growth and expansion in countries of operation. The significant support to its private equity fund managers accelerates the development and institutionalisation of the private equity industry in the region. For EBRD, equity investments are made indirectly through regional and sector funds. These funds are created by groups of investors, mostly private, to which the EBRD participates with capital.

  16. Investment and Project Economics: Contemporary Lessons for ...

    African Journals Online (AJOL)

    Investment and Project Economics: Contemporary Lessons for Nigeria's Transformation. ... PROMOTING ACCESS TO AFRICAN RESEARCH. AFRICAN JOURNALS ... Key Words: Project analysis, Project economics, Project management ...

  17. Investment opportunities as real options

    Directory of Open Access Journals (Sweden)

    Adnan Rovčanin

    2005-06-01

    Full Text Available Opportunity (optional approach to capital investment appraisal represents, completely new theoretical and methodological framework for investment analysis. Compared to traditional, discount cash flow (DCF model of analysis, the optional approach provides opportunity for valuation and managing flexibility, i.e. possibility of approaching (amending the previous decisions in compliance with market changes. Risk and uncertainty are inevitably following the capital investment. Therefore, the importance of optional approach to investments is also that it provides possible better “treatment” of risks in the investment analysis, and also more rational allocation of resources, accordingly. This approach should be of more interest to the Countries in transition, considering the limited financial sources as well as risk and uncertainty are emphasized.

  18. Learning from local knowledge: modeling the pastoral-nomadic range management of the Himba, Namibia.

    Science.gov (United States)

    Müller, Birgit; Linstädter, Anja; Frank, Karin; Bollig, Michael; Wissel, Christian

    2007-10-01

    It is widely accepted that successful grazing management strategies in semiarid ecosystems need to be adapted to the highly temporal and spatially heterogeneous forage production. Nevertheless, a full understanding of the key factors and processes for sustainable adaptive management has yet to be reached. The investigation of existing, successful range management systems by simulation models may help to derive general understanding and basic principles. The semi-nomadic Himba in northern Namibia applied a sophisticated management system until the mid-1990s which combined season-dependent pasture use (resulting in rainy-season pastures and dry-season pastures), preservation of reserves for drought and sanctions for rule breaking. A stochastic ecological simulation model has been developed here which represents the main aspects of this management system. With this model we analyze (1) which components of the traditional Himba strategy are essential for sustainability and (2) what happens to the state of the rangeland system under socioeconomic changes. This study shows that temporally and spatially heterogeneous pasture use yields higher productivity and quality of a pasture area than the pressure of homogeneous permanent grazing. Two aspects are of importance: (1) intra-annual heterogeneous use (resting of the dry-season pastures during the rainy season) and (2) interannual heterogeneous use (spatial extension of grazing in years of drought). This management system leads to an effective build-up and use of a buffer in the system: the reserve biomass (the non-photosynthetic reserve organs of the plants), an indicator for grazing and management history. Analyzing purchase as one form of socioeconomic change, we demonstrate that easier market access to purchase livestock may lead to a decline in vegetation quality. However, cattle production increases as long as rest periods on parts of the pasture during the rainy season are granted. Methodologically, we emphasize

  19. Private financing and operation of a space station: Investment requirements, risk, government support and other primary business management considerations

    Science.gov (United States)

    Simon, M.

    1982-01-01

    Private investment in a manned space station is considered as an alternative to complete government sponsorship of such a program. The implications of manned space operations are discussed from a business perspective. The most significant problems and risks which would be faced by a private company involved in a space station enterprise are outlined and possible government roles in helping to overcome these difficulties suggested. Economic factors such as inflation and the rate of interest are of primary concern, but less obvious conditions such as antitrust and appropriate regulatory laws, government appropriations for space activities, and national security are also considered.

  20. Responsible Investment (RI: An Alternative Funding Option for Roads-Bridges Management in Nigeria Under the Public-Private Partnership Framework

    Directory of Open Access Journals (Sweden)

    Lukman Raimi

    2015-04-01

    Full Text Available Tolling is an age long revenue collection system institutionalised by public authorities for accumulating funds required for roads and bridges construction, maintenance and management. In spite of the merits of tolling as a major source of revenue in Nigeria, it was abruptly abrogated by the government few years ago because of reasons linked to ineffective governance, endemic corruption and lack of probity. The purpose of this paper is to make a case for responsible investment as an alternative funding mechanism for roads-bridges management (RBM in Nigeria under a Public-Private Partnership (PPP framework. The paper adopts a discursive approach, relying on government policy documents, journal articles, online resources, working papers and reports on tolling best practices. The numerical and non-numerical data were critically analysed using content analysis enriched by tables and figures. The first finding indicates there are enormous potentials in tolls collection from privately funded roads and bridges for responsible investors in Nigeria under the PPP framework. The second finding identifies eight (8 PPP typologies that could be explored by investors under government’s new tolling policy. The paper concludes that the success of any tolls collection systems depend largely on effectiveness of governance, probity and accountability, which are core elements of responsible investment in the contemporary times

  1. INCREASE OF EFFICIENCY OF FUNCTIONING OF THE ENTERPRISE ON THE BASIS OF INVESTMENT IN THE OPTIMIZATION OF BUSINESS PROCESSES FOR MANAGING WAREHOUSE RESERVES

    Directory of Open Access Journals (Sweden)

    Aliya Nurfaizovna Gabdulakhatova

    2017-06-01

    Full Text Available The relevance of this topic is due to the fact that inventory management is one of the important parts of the enterprise management policy in the servicing industry. The article summarizes the importance of stock optimization at the enterprise, presents the stages of inventory management, provides a horizontal analysis of the main results of the enterprise’s activities, and, based on the tree of problems method and the decision tree, identifies the problems and ways to optimize the business processes for inventory management. One of the ways to improve the financial condition of an enterprise, by improving business processes in inventory management, which will require certain investments, suggests the use of logistics center services. The purpose of this work is to identify ways to optimize the activities of the enterprise in inventory management. Methodology: There were used methods of analysis of financial and economic activity, also economic and mathematical methods. Results: the most informative parameters showing the efficiency of optimization of the enterprise’s activities. Practical implications it is expedient to apply the received results the economic subjects which produce products with subsequent sale.

  2. Hellsgate Winter Range Mitigation Project; Long-term Management Plan, Project Report 1993, Final Draft.

    Energy Technology Data Exchange (ETDEWEB)

    Berger, Matthew T.

    1994-01-01

    A study was conducted on the Hellsgate Winter Range Mitigation Project area, a 4,943 acre ranch purchased for mitigating some habitat losses associated with the original construction of Grand Coulee Dam and innundation of habitat by Lake Roosevelt. A Habitat Evaluation Procedure (HEP) study was used to determine habitat quality and quantity baseline data and future projections. Target species used in the study were sharp-tailed grouse (Tympanuchus phasianellus), mule deer (Odocoileus hemoinus), mink (Mustela vison), spotted sandpiper (Actiius colchicus), bobcat (Felis reufs), blue grouse (Dendragapus obscurus), and mourning dove (Zenaida macroura). From field data collected, limiting life values or HSI's (Habitat Suitability Index's) for each indicator species was determined for existing habitats on project lands. From this data a long term management plan was developed. This report is designed to provide guidance for the management of project lands in relation to the habitat cover types discussed and the indicator species used to evaluate these cover types. In addition, the plan discusses management actions, habitat enhancements, and tools that will be used to enhance, protect and restore habitats to desired conditions. Through planned management actions biodiversity and vegetative structure can be optimized over time to reduce or eliminate, limiting HSI values for selected wildlife on project lands.

  3. An Integrated Assessment of Investments towards Global Water Sustainability

    Directory of Open Access Journals (Sweden)

    Andrea M. Bassi

    2010-10-01

    Full Text Available To date there has been limited research on integrated water resource management, specifically regarding investments, from a global perspective, largely due to the complexity of the problem and to generally local water management practices. Water demand and supply are very often affected by international factors and with global climate change, population growth and increasing consumption, water management is now more than ever a global issue. This paper gives an overview of current and impending water problems while assessing investment needs for integrated water management as a possible solution to projected water challenges. The analysis compares a business as usual case (BAU to a scenario in which investments improve water efficiency use across sectors to curb demand, increase innovative supply from desalination and enhance conventional water resources management measures. System dynamics modeling is employed to represent the structural factors influencing water demand and supply in the context of an integrated framework including cross-sectoral linkages. The analysis confirms that sustainable water management is feasible, but it requires investments in the range of $145 billion per year between 2011 and 2050 (0.16% of GDP or $17/person/year and timely, effective action.

  4. Calibrating and testing a gap model for simulating forest management in the Oregon Coast Range

    Science.gov (United States)

    Pabst, R.J.; Goslin, M.N.; Garman, S.L.; Spies, T.A.

    2008-01-01

    The complex mix of economic and ecological objectives facing today's forest managers necessitates the development of growth models with a capacity for simulating a wide range of forest conditions while producing outputs useful for economic analyses. We calibrated the gap model ZELIG to simulate stand-level forest development in the Oregon Coast Range as part of a landscape-scale assessment of different forest management strategies. Our goal was to incorporate the predictive ability of an empirical model with the flexibility of a forest succession model. We emphasized the development of commercial-aged stands of Douglas-fir, the dominant tree species in the study area and primary source of timber. In addition, we judged that the ecological approach of ZELIG would be robust to the variety of other forest conditions and practices encountered in the Coast Range, including mixed-species stands, small-scale gap formation, innovative silvicultural methods, and reserve areas where forests grow unmanaged for long periods of time. We parameterized the model to distinguish forest development among two ecoregions, three forest types and two site productivity classes using three data sources: chronosequences of forest inventory data, long-term research data, and simulations from an empirical growth-and-yield model. The calibrated model was tested with independent, long-term measurements from 11 Douglas-fir plots (6 unthinned, 5 thinned), 3 spruce-hemlock plots, and 1 red alder plot. ZELIG closely approximated developmental trajectories of basal area and large trees in the Douglas-fir plots. Differences between simulated and observed conifer basal area for these plots ranged from -2.6 to 2.4 m2/ha; differences in the number of trees/ha ???50 cm dbh ranged from -8.8 to 7.3 tph. Achieving these results required the use of a diameter-growth multiplier, suggesting some underlying constraints on tree growth such as the temperature response function. ZELIG also tended to overestimate

  5. Criterion 6, indicator 34 : value of capital investment and annual expenditure in forest management, wood and non-wood product industries, forest-based environmental services, recreation, and tourism

    Science.gov (United States)

    Ken Skog; John Bergstrom; Elizabeth Hill; Ken Cordell

    2010-01-01

    USDA Forest Service capital investment in management infrastructure was $501 and $390 million (2005$) for 2005 and 2007, respectively. National forest programs expenditures decreased from $3.0 to $2.7 billion between 2004 and 2007 and wildfire management expenditures increased from $1.7 to $2.1 billion (2005$). State forestry program expenditures for 1998, 2002, and...

  6. ANL site response for the DOE FY1994 information resources management long-range plan

    Energy Technology Data Exchange (ETDEWEB)

    Boxberger, L.M.

    1992-03-01

    Argonne National Laboratory's ANL Site Response for the DOE FY1994 Information Resources Management (IRM) Long-Range Plan (ANL/TM 500) is one of many contributions to the DOE information resources management long-range planning process and, as such, is an integral part of the DOE policy and program planning system. The Laboratory has constructed this response according to instructions in a Call issued in September 1991 by the DOE Office of IRM Policy, Plans and Oversight. As one of a continuing series, this Site Response is an update and extension of the Laboratory's previous submissions. The response contains both narrative and tabular material. It covers an eight-year period consisting of the base year (FY1991), the current year (FY1992), the budget year (FY1993), the plan year (FY1994), and the out years (FY1995-FY1998). This Site Response was compiled by Argonne National Laboratory's Computing and Telecommunications Division (CTD), which has the responsibility to provide leadership in optimizing computing and information services and disseminating computer-related technologies throughout the Laboratory. The Site Response consists of 5 parts: (1) a site overview, describes the ANL mission, overall organization structure, the strategic approach to meet information resource needs, the planning process, major issues and points of contact. (2) a software plan for DOE contractors, Part 2B, Software Plan FMS plan for DOE organizations, (3) computing resources telecommunications, (4) telecommunications, (5) printing and publishing.

  7. ANL site response for the DOE FY1994 information resources management long-range plan

    Energy Technology Data Exchange (ETDEWEB)

    Boxberger, L.M.

    1992-03-01

    Argonne National Laboratory`s ANL Site Response for the DOE FY1994 Information Resources Management (IRM) Long-Range Plan (ANL/TM 500) is one of many contributions to the DOE information resources management long-range planning process and, as such, is an integral part of the DOE policy and program planning system. The Laboratory has constructed this response according to instructions in a Call issued in September 1991 by the DOE Office of IRM Policy, Plans and Oversight. As one of a continuing series, this Site Response is an update and extension of the Laboratory`s previous submissions. The response contains both narrative and tabular material. It covers an eight-year period consisting of the base year (FY1991), the current year (FY1992), the budget year (FY1993), the plan year (FY1994), and the out years (FY1995-FY1998). This Site Response was compiled by Argonne National Laboratory`s Computing and Telecommunications Division (CTD), which has the responsibility to provide leadership in optimizing computing and information services and disseminating computer-related technologies throughout the Laboratory. The Site Response consists of 5 parts: (1) a site overview, describes the ANL mission, overall organization structure, the strategic approach to meet information resource needs, the planning process, major issues and points of contact. (2) a software plan for DOE contractors, Part 2B, ``Software Plan FMS plan for DOE organizations, (3) computing resources telecommunications, (4) telecommunications, (5) printing and publishing.

  8. Sustainable Markets Investment Briefings: Investment Treaties

    Energy Technology Data Exchange (ETDEWEB)

    Cotula, Lorenzo

    2007-08-15

    This is the second of a series of briefings which discuss the sustainable development issues raised by legal arrangements for the protection of foreign investment. The briefings are based on legal research by IIED and its partners. The goal is to provide accessible but accurate information for human rights, development and environmental organisations working on issues raised by foreign investment in low- and middle-income countries. Briefing 2 explains how investment treaties between states work to protect and promote foreign investment.

  9. Investment research and investment advice: real differences?

    OpenAIRE

    Ruggi Manuela; Settanni Giuseppe

    2012-01-01

    The article examines the investment research - a service introduced by MIFID - in order to describe the major application problems. In particular, the paper will an- alyse similarities and differences between investment research and investment advice, highlighting the potential problems in practice, and outlining possible solutions from an operational point of view.

  10. 7 CFR 3560.305 - Return on investment.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 15 2010-01-01 2010-01-01 false Return on investment. 3560.305 Section 3560.305... AGRICULTURE DIRECT MULTI-FAMILY HOUSING LOANS AND GRANTS Financial Management § 3560.305 Return on investment. (a) Borrower's return on investment. Borrowers may receive a return on their investment (ROI) in...

  11. 12 CFR 652.35 - Eligible non-program investments.

    Science.gov (United States)

    2010-01-01

    ...) Preferred stock and other investments approved by the FCA. (1) You may purchase non-program investments in... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Eligible non-program investments. 652.35... MORTGAGE CORPORATION FUNDING AND FISCAL AFFAIRS Investment Management § 652.35 Eligible non-program...

  12. Financial Investment Management: Testing the Market Model on the Romanian Capital Market during the Post Financial Crisis

    Directory of Open Access Journals (Sweden)

    Radu CIOBANU

    2011-06-01

    Full Text Available This article presents an analysis of the decision of investing in the capital market in Romania during 2009-2010, in the context of overcoming the global financial crisis. In the first part of the paper, we have made a brief presentation of the simplified model of market analysis introduced in the specialized literature by William Sharpe, the respective model representing the starting point in our study. The purpose of the present study is to emphasize how the evolutions of the financial securities rates listed on the Bucharest Stock Exchange could be explained based on the evolution of BET Romanian capital market index. Although the study over this phenomenon has begun in the middle of the last century, every day new studies appear that are either coming in addition to the already existing ones or are bringing a new approach regarding the financial theory. The novelty of the present study conducted by us resides in the highlighting of the evolutions of the financial securities rates during July 2009 – December 2010 periods. The second part of the paper presents the results of a study conducted on the Romanian capital market, emphasizing the correlations between the most important securities on the Romanian capital market, as parts of BET index and market index. The aim is to check whether during this period the evolution of the financial securities’ return can be explained more or less by the return of the capital market.

  13. An Information-Based Trade Off between Foreign Direct Investment and Foreign Portfolio Investment

    OpenAIRE

    Itay Goldstein; Assaf Razin

    2005-01-01

    The paper develops a model of foreign direct investments (FDI) and foreign portfolio investments (FPI).The model describes an information-based trade off between direct investments and portfolio investments. Direct investors are more informed about the fundamentals of their projects. This information enables them to manage their projects more efficiently. However, it also creates an asymmetric-information problem in case they need to sell their projects prematurely, and reduces the price they...

  14. Quality of investments in logistics

    Directory of Open Access Journals (Sweden)

    Borut Jereb

    2014-06-01

    Full Text Available The issue problem of paper is that base on researches connected with analysis of investments in logistics based on the review of 100 pooled manuscripts from different sources (scientific journals and online magazines from 1996 to 2012 it was showed that there don't exist quality as well as leadership has no a good overview of the investment in logistics. It was claimed that the quality point of view should be demanding part of investments in logistics. Val Log was proposed as an answer to the issues of managing quality of investments in logistics at the tactical level in organizations. By Val Log it is possible to overcome the myth that logistics projects cost money while business projects bring money. Val Log also provides detailed instructions for goals and metrics for each process. By doing changes the quality should be the obvious pillar of our affords doing it.

  15. Monitoring and Managing Cabin Crew Sleep and Fatigue During an Ultra-Long Range Trip.

    Science.gov (United States)

    van den Berg, Margo J; Signal, T Leigh; Mulrine, Hannah M; Smith, Alexander A T; Gander, Philippa H; Serfontein, Wynand

    2015-08-01

    The aims of this study were to monitor cabin crew fatigue, sleep, and performance on an ultra-long range (ULR) trip and to evaluate the appropriateness of applying data collection methods developed for flight crew to cabin crew operations under a fatigue risk management system (FRMS). Prior to, throughout, and following the ULR trip (outbound flight ULR; mean layover duration=52.6 h; inbound flight long range), 55 cabin crew (29 women; mean age 36.5 yr; 25 men; mean age 36.6 yr; one missing data) completed a sleep/duty diary and wore an actigraph. Across each flight, crewmembers rated their fatigue (Samn-Perelli Crew Status Check) and sleepiness (Karolinska Sleepiness Scale) and completed a 5-min Psychomotor Vigilance Task (PVT) at key times. Of crewmembers approached, 73% (N=134) agreed to participate and 41% (N=55) provided data of suitable quality for analysis. In the 24 h before departure, sleep averaged 7.0 h and 40% took a preflight nap. All crewmembers slept in flight (mean total sleep time=3.6 h outbound, 2.9 h inbound). Sleepiness and fatigue were lower, and performance better, on the longer outbound flight than on the inbound flight. Post-trip, crewmembers slept more on day 1 (mean=7.9 h) compared to baseline days, but there was no difference from day 2 onwards. The present study demonstrates that cabin crew fatigue can be managed effectively on a ULR flight and that FRMS data collection is feasible for cabin crew, but operational differences between cabin crew and flight crew need to be considered.

  16. METHODOLOGICAL SUBSTANTIATION OF PATTERNS OF DEVELOPMENT OF THE SYSTEM OF MANAGEMENT OF THE INVESTMENT AND CIVIL ENGINEERING INDUSTRY WITH ACCOUNT FOR ITS SYSTEMIC CHARACTERISTICS

    Directory of Open Access Journals (Sweden)

    Uvarova Svetlana Sergeevna

    2012-10-01

    Full Text Available The methodology of research of organizational and economic drivers of development of the civil engineering industry represents a cluster of interrelated methods, techniques, procedures, algorithms and models that shape up the basis for the development and implementation of effective management actions impacted by intrinsic fluctuations of the civil engineering industry, the local legislation, national and global economies. The proposed method contributes to the improvement of sustainability of construction companies and the construction industry. It also facilitates an inflow of capital into the investment sector of the construction industry and accelerates the economic growth of Russia. The proposed methodology is based on a synthesis of several scientific theories, such as the evolutionary theory, the theory of self-organization (the synergetic theory, the theory of changes and the catastrophe theory, the theory of cyclical development, the systems theory, the organizational theory, the institutional theory, and the pricing theory. There are many potential patterns of the system development; however, the awareness of the resonant excitation, feedback and the cumulative effect make it possible to predict the most probable changes. Random fluctuations are also exposed to these effects. Implementation of the proposed methodology makes it possible to generate science-based management solutions that ensure the development and implementation of effective management procedures.

  17. The Analysis of a Deviation of Investment and Corporate Governance.

    OpenAIRE

    Hisa, Shoichi

    2008-01-01

    Investment of firms is affected by not only fundamentals factors, but liquidity constraint, ownership or corporate structure. Information structure between manager and owner is a significant factor to decide the level of investment, and deviation of investment from optimal condition. The reputation model between manager and owner suggest that the separate of ownership and management may induce the deviation of investment, and indicate that governance structure is important to reduce it. In th...

  18. On the management of life insurance company risk by strategic choice of product mix, investment strategy and surplus appropriation schemes

    DEFF Research Database (Denmark)

    Bohnert, Alexander; Gatzert, Nadine; Jørgensen, Peter Løchte

    2015-01-01

    The aim of this paper is to analyze the impact of management’s strategic choice of asset and liability composition in life insurance on shortfall risk and the shareholders’ fair risk charge. In contrast to previous work, we focus on the effectiveness of management decisions regarding the product...... mix and the riskiness of the asset side under different surplus appropriation schemes. We propose a model setting that comprises temporary life annuities and endowment insurance contracts. Our numerical results show that the effectiveness of management decisions in regard to risk reduction strongly...

  19. 77 FR 50185 - LoCorr Fund Management, LLC and LoCorr Investment Trust; Notice of Application

    Science.gov (United States)

    2012-08-20

    ... ``Multi-manager Notice'' will be modeled on a Notice of Internet Availability as defined in rule 14a-16... majority of the company's outstanding voting securities. Rule 18f-2 under the Act provides that each series... that, from the perspective of the investor, the role of the Subadvisers is substantially equivalent to...

  20. Control of Greenhouse Gas Emissions by Optimal DER Technology Investment and Energy Management in Zero-Net-Energy Buildings

    Energy Technology Data Exchange (ETDEWEB)

    Stadler, Michael; Siddiqui, Afzal; Marnay, Chris; Aki, Hirohisa; Lai, Judy

    2009-08-10

    The U.S. Department of Energy has launched the commercial building initiative (CBI) in pursuit of its research goal of achieving zero-net-energy commercial buildings (ZNEB), i.e. ones that produce as much energy as they use. Its objective is to make these buildings marketable by 2025 such that they minimize their energy use through cutting-edge, energy-efficiency technologies and meet their remaining energy needs through on-site renewable energy generation. This paper examines how such buildings may be implemented within the context of a cost- or CO2-minimizing microgrid that is able to adopt and operate various technologies: photovoltaic modules (PV) and other on-site generation, heat exchangers, solar thermal collectors, absorption chillers, and passive/demand-response technologies. A mixed-integer linear program (MILP) that has a multi-criteria objective function is used. The objective is minimization of a weighted average of the building's annual energy costs and CO2 emissions. The MILP's constraints ensure energy balance and capacity limits. In addition, constraining the building's energy consumed to equal its energy exports enables us to explore how energy sales and demand-response measures may enable compliance with the ZNEB objective. Using a commercial test site in northernCalifornia with existing tariff rates and technology data, we find that a ZNEB requires ample PV capacity installed to ensure electricity sales during the day. This is complemented by investment in energy-efficient combined heat and power (CHP) equipment, while occasional demand response shaves energy consumption. A large amount of storage is also adopted, which may be impractical. Nevertheless, it shows the nature of the solutions and costs necessary to achieve a ZNEB. Additionally, the ZNEB approach does not necessary lead to zero-carbon (ZC) buildings as is frequently argued. We also show a multi-objective frontier for the CA example, whichallows us to estimate the

  1. The role of the National Bison Range in the long-term management of Federal bison herds

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — Proposal for "The role of the National Bison Range in the long-term management of Federal bison herds" project created by the Texas Agricultural Experiment Station...

  2. Social Impact Investment: Increasing Private Sector Investment to ...

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

    IDRC evidence and innovation supports India's adaptation to climate change. IDRC is investing in local solutions to address climate change-related challenges in India, including heat stress, water management, and climate-related migration. View moreIDRC evidence and innovation supports India's adaptation to climate ...

  3. Summer-fall home-range fidelity of female elk in northwestern Colorado: Implications for aspen management

    Science.gov (United States)

    April M. Brough; R. Justin DeRose; Mary M. Conner; James N. Long

    2017-01-01

    Understanding the degree of spatial fidelity exhibited by individuals within a species increases our ability to manage for desired future outcomes. Elk (Cervus elaphus) is a closely managed species in the Western US, but there is little research evaluating their summer home-range fidelity. Elk summer-fall homeranges overlap considerably with aspen (Populus tremuloides...

  4. Parental Care and Investment

    OpenAIRE

    González-Voyer, Alejandro; Kolm, N.

    2010-01-01

    Parental care is common throughout the animal kingdom and among caring species there is a bewildering variation in how parents care for offspring, as well as in the amount of resources parents invest in care. For instance, there is considerable variation in the relative parental investment by the sexes – in some species females invest more, in others males invest more, and in some investment is more or less equally shared. Different hypotheses have been proposed to explain patterns of parenta...

  5. Stimulation of Investment Activity of Trade Enterprises

    Directory of Open Access Journals (Sweden)

    Berveno Oksana V.

    2017-03-01

    Full Text Available The increasing of investment attractiveness of an enterprise for external and internal investors and efficient management of investments play an important role in ensuring the enterprise competitiveness in the market. The purpose of the article is to analyze the essence, features of formation and activation of investment activity of a trade enterprise and the problems it faces in this activity. There proposed the following definition of investments: these are all types of money, property and intellectual contributions aimed to obtain an economic or social effect in the future with regard to possible risks. The effectiveness of using investments is reflected in such final results as the financial condition of the enterprise, its competitiveness, availability of new prospects, and capitalization of the market value of the enterprise, which can be ensured not by increasing the absolute value of capital investments but by achieving greater efficiency per unit of capital. The investment activity of the enterprise implies the existence of a clearly formulated and achievable goal, which is the basis of its own development, and requires the development of a comprehensive investment strategy. The authors developed methodological approaches to improving investment activities of trade enterprises; substantiated the leading role of the state in enhancing investment activities of trade enterprises and creating conditions for effective implementation of the enterprise investment potential. The proposals formulated in the work will help to increase the competitiveness of domestic trade enterprises.

  6. Investment innovation trends: Factor-based investing

    OpenAIRE

    Sanja Centineo; Santo Centineo

    2017-01-01

    This article shows that it can take a long period of time until research knowledge finds its application in practice and get disseminated as innovation trend. Factor-based investing is such an example. Having its developing roots in the nineties, it took more than two decades until this approach was detected by the by investment community. The goal of this article is to recall the definition of factor investing, present its historical evolvement and motivate its recent break-through and curre...

  7. Mexican spotted owl home range and habitat use in pine-oak forest: Implications for forest management

    Science.gov (United States)

    Joseph L. Ganey; William M. Block; Jeffrey S. Jenness; Randolph A. Wilson

    1998-01-01

    To better understand the habitat relationships of the Mexican spotted owl (Strix occidentalis lucida), and how such relationships might influence forest management, we studied home-range and habitat use of radio-marked owls in ponderosa pine (Pinus ponderosa) Gambel oak (Quercus gambelii) forest. Annual home-range size (95% adaptive-kernel estimate) averaged 895 ha...

  8. Delimitation of the investment project

    OpenAIRE

    Grosheva, N.; Solskaya, I.

    2009-01-01

    Project's scopes and works management is the important component of any investment plan. One of the ways of project's risks minimization involves more exact definition of those works which should be executed for the benefit of project completion and desirable cash flow obtainment.

  9. Endowment Investing: Time for a Sustainability Play?

    Science.gov (United States)

    Pelletier, Stephen G.

    2010-01-01

    Managers of university endowment funds are paying closer attention to investing in "green" industries, commonly bundled under the umbrella "cleantech." Cleantech offers the possibility of buying in while prices are low "and" making a "green" investment play, but it also harbors the risks inherent in any emerging industry. Cleantech has varying…

  10. Investible benchmarks & hedge fund liquidity

    OpenAIRE

    Freed, Marc S; McMillan, Ben

    2011-01-01

    A lack of commonly accepted benchmarks for hedge fund performance has permitted hedge fund managers to attribute to skill returns that may actually accrue from market risk factors and illiquidity. Recent innovations in hedge fund replication permits us to estimate the extent of this misattribution. Using an option-based model, we find evidence that the value of liquidity options that investors implicitly grant managers when they invest may account for part or even all hedge fund returns. C...

  11. Report: EPA Needs to Improve Recording Information Technology Investments and Issue a Policy Covering All Investments

    Science.gov (United States)

    Report #15-P-0292, September 22, 2015. The EPA management of its $334 million in IT investments is noncompliant with its current policy. Thus, the EPA is at risk of not managing taxpayer dollars properly.

  12. Investment innovation trends: Factor-based investing

    Directory of Open Access Journals (Sweden)

    Sanja Centineo

    2017-05-01

    Full Text Available This article shows that it can take a long period of time until research knowledge finds its application in practice and get disseminated as innovation trend. Factor-based investing is such an example. Having its developing roots in the nineties, it took more than two decades until this approach was detected by the by investment community. The goal of this article is to recall the definition of factor investing, present its historical evolvement and motivate its recent break-through and current trend among investment practitioners (known also under the notion smart beta. It aims at familiarizing with this investment approach from a practical perspective and highlighting its diversifying benefits in a portfolio context with the potential to outperform the market on risk-adjusted basis.

  13. Principles and practices for the restoration of ponderosa pine and dry mixed-conifer forests of the Colorado Front Range

    Science.gov (United States)

    Robert N. Addington; Gregory H. Aplet; Mike A. Battaglia; Jennifer S. Briggs; Peter M. Brown; Antony S. Cheng; Yvette Dickinson; Jonas A. Feinstein; Kristen A. Pelz; Claudia M. Regan; Jim Thinnes; Rick Truex; Paula J. Fornwalt; Benjamin Gannon; Chad W. Julian; Jeffrey L. Underhill; Brett Wolk

    2018-01-01

    Wildfires have become larger and more severe over the past several decades on Colorado’s Front Range, catalyzing greater investments in forest management intended to mitigate wildfire risks. The complex ecological, social, and political context of the Front Range, however, makes forest management challenging, especially where multiple management goals including forest...

  14. Work environment investments: outcomes from three cases.

    Science.gov (United States)

    Rydell, Alexis; Andersson, Ing-Marie

    2017-09-27

    Work environment investments are important in order to create a healthy and safe workplace. This article presents findings from a seven-step interventions process aimed at examining and following-up work environment investments in small and medium-sized enterprises (SMEs), with a particular focus on air contaminants. Three different cases were analyzed and included in the study: (a) an educational center for welding; (b) a paint station in furniture manufacturing; (c) a joinery in furniture manufacturing. The results show that the work environment investments were highly appreciated by the employees and managers, but at the same time the investment could be optimized through markedly decreased exposure levels for the worker. Factors such as follow-ups of the investment, education and training in how to use the equipment, worker involvement in the process and leadership engagement are important in order to optimize work environment investments.

  15. Comparisons of management practices and farm design on Australian commercial layer and meat chicken farms: Cage, barn and free range.

    Directory of Open Access Journals (Sweden)

    Angela Bullanday Scott

    Full Text Available There are few published studies describing the unique management practices, farm design and housing characteristics of commercial meat chicken and layer farms in Australia. In particular, there has been a large expansion of free range poultry production in Australia in recent years, but limited information about this enterprise exists. This study aimed to describe features of Australian commercial chicken farms, with particular interest in free range farms, by conducting on-farm interviews of 25 free range layer farms, nine cage layer farms, nine barn layer farms, six free range meat chicken farms and 15 barn meat chicken farms in the Sydney basin bioregion and South East Queensland. Comparisons between the different enterprises (cage, barn and free range were explored, including stocking densities, depopulation procedures, environmental control methods and sources of information for farmers. Additional information collected for free range farms include range size, range characteristics and range access. The median number of chickens per shed was greatest in free range meat chicken farms (31,058, followed by barn meat chicken (20,817, free range layer (10,713, barn layer (9,300 and cage layer farms (9,000. Sheds had cooling pads and tunnel ventilation in just over half of both barn and free range meat chicken farms (53%, n = 8 and was least common in free range layer farms (16%, n = 4. Range access in free range meat chicken farms was from sunrise to dark in the majority (93%, n = 14 of free range meat chicken farms. Over half of free range layer farms (56%, n = 14 granted range access at a set time each morning; most commonly between 9:00 to 10.00am (86%, n = 12, and chickens were placed back inside sheds when it was dusk.

  16. HUMAN CAPITAL INVESTMENT

    Directory of Open Access Journals (Sweden)

    Ph. D. Student Ioana - Julieta Josan

    2012-05-01

    Full Text Available Once with the development of the human capital theory, the education received an economic value. Leading theorists and specialists in the field have shown that the remarkable economic effects of the investments in education influence the chances of acquiring a job and earnings, demonstrating how the theory justifies such an investment. At the hand, the allocation of resources in human capital brings performance and benefits to companies investing in their employees. Also, the investment in human capital is strategic for any country that seeks to create a knowledge economy. Considering the above arguments, the aim of this paper is to highlight the characteristics of investment in human capital, the types of investment, the factors of education investment and the entities interested in investing and their benefits.

  17. Optimal Responsible Investment

    DEFF Research Database (Denmark)

    Jessen, Pernille

    The paper studies retail Socially Responsible Investment and portfolio allocation. It extends conventional portfolio theory by allowing for a personal value based investment decision. When preferences for responsibility enter the framework for mean-variance analysis, it yields an optimal...... responsible investment model. An example of index investing illustrates the theory. Results show that it is crucial for the responsible investor to consider portfolio risk, expected return, and responsibility simultaneously in order to obtain an optimal portfolio. The model enables responsible investors...

  18. Needs, Investments, and Costs

    OpenAIRE

    Wodon, Quentin

    2015-01-01

    What is the state of school infrastructure for primary and secondary education in Paraguay? How much is invested by the government in order to improve school infrastructure, and how have these investments evolved over time? What is the legal framework for such investments and is it appropriate? Given budget constraints, which types of investments are likely to be most needed in order to help improve student learning? Finally, how well targeted to the schools most in need are the infrastructur...

  19. HUMAN CAPITAL INVESTMENT

    OpenAIRE

    Ph. D. Student Ioana - Julieta Josan

    2012-01-01

    Once with the development of the human capital theory, the education received an economic value. Leading theorists and specialists in the field have shown that the remarkable economic effects of the investments in education influence the chances of acquiring a job and earnings, demonstrating how the theory justifies such an investment. At the hand, the allocation of resources in human capital brings performance and benefits to companies investing in their employees. Also, the investment in hu...

  20. Anticipating Knowledge to Inform Species Management: Predicting Spatially Explicit Habitat Suitability of a Colonial Vulture Spreading Its Range

    OpenAIRE

    Mateo-Tom?s, Patricia; Olea, Pedro P.

    2010-01-01

    BACKGROUND: The knowledge of both potential distribution and habitat suitability is fundamental in spreading species to inform in advance management and conservation planning. After a severe decline in the past decades, the griffon vulture (Gyps fulvus) is now spreading its breeding range towards the northwest in Spain and Europe. Because of its key ecological function, anticipated spatial knowledge is required to inform appropriately both vulture and ecosystem management. METHODOLOGY/FINDING...

  1. NASA's Hypersonic Investment Area

    Science.gov (United States)

    Hueter, Uwe; Hutt, John; McClinton, Charles

    2002-01-01

    NASA has established long term goals for access to space. The third generation launch systems are to be fully reusable and operational around 2025. The goal for third-generation launch systems represents significant reduction in cost and improved safety over the current first generation system. The Advanced Space Transportation Office (ASTP) at NASA s Marshall Space Flight Center (MSFC) has the agency lead to develop space transportation technologies. Within ASTP, under the Hypersonic Investment Area (HIA), third generation technologies are being pursued in the areas of propulsion, airframe, integrated vehicle health management (IVHM), avionics, power, operations and system analysis. These technologies are being matured through research and both ground and flight-testing. This paper provides an overview of the HIA program plans and recent accomplishments.

  2. Exa mining The Measurement Methods of Investment Properties of Real Estate Investment Trusts According to Turkish Accounting Standard 40: Investment Properties Standard

    OpenAIRE

    Emine Çına Bal

    2015-01-01

    Recently, the real estate industry has developed rapidly in Turkey. As an investment tool,investment in real estate became essential. Within the framework of the Capital Markets Law, organized by the Capital Markets Board of Turkey real estate investment trusts, real estate, real estate-based projects, and real estate capital market instruments by investing in a portfolio management company operating in the specific type. In this study, measurement m...

  3. Sustainable Markets Investment Briefings: Foreign investment contracts

    Energy Technology Data Exchange (ETDEWEB)

    Cotula, Lorenzo

    2007-08-15

    This is the fourth of a series of briefings which discuss the sustainable development issues raised by legal arrangements for the protection of foreign investment. The briefings are based on legal research by IIED and its partners. The goal is to provide accessible but accurate information for human rights, development and environmental organisations working on issues raised by foreign investment in low- and middle-income countries. Briefing 4 sets out some of the ways in which foreign investment contracts can impact on sustainable development.

  4. Science and Management Symposium for the National Bison Range Complex. Video 1-22

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — The project purpose is to support a multi-day science and management syposium that will support initiation of the NRBC CCP, identify and prioritize legacy data sets...

  5. Grenade Range Management Using Lime for Metals Immobilization and Explosives Transformation

    Science.gov (United States)

    2008-08-01

    The Department of Defense (DoD) operates numerous hand grenade ranges (HGR) for training purposes. Live-fire training creates a potential source zone...g]/kilogram [kg]) up to percent levels. RDX has been detected in leachate waters below live-fire hand grenade ranges and in surface waters leaving

  6. Optimal Responsible Investment

    DEFF Research Database (Denmark)

    Jessen, Pernille

    Numerous institutions are now engaged in Socially Responsible Investment or have signed the "UN Principles for Responsible Investment". Retail investors, however, are still lacking behind. This is peculiar since the sector constitutes key stakeholders in environmental, social and governmental...... standards. This paper considers optimal responsible investment for a small retail investor. It extends conventional portfolio theory by allowing for a personal-value based investment decision. Preferences for responsibility are defined in the framework of mean-variance analysis and an optimal responsible...... investment model identified. Implications of the altered investment problem are investigated when the dynamics between portfolio risk, expected return and responsibility is considered. Relying on the definition of a responsible investor, it is shown how superior investment opportunities can emerge when...

  7. Timber RAM. . .a long-range planning method for commercial timber lands under multiple-use management

    Science.gov (United States)

    Daniel I. Navon

    1971-01-01

    Timber RAM (Resource Allocation Method) is a long-range planning method for commercial timber lands under multiple-use management. Timber RAM can produce cutting and reforestation schedules and related harvest and economic reports. Each schedule optimizes an index of performance, subject to periodic constraints on revenues, costs, and, harvest levels. Periodic...

  8. Winter Movements and Range Use of Radio-marked Mexican Spotted Owls: An Evaluation of Current Management Recommendations

    Science.gov (United States)

    Joseph L. Ganey; William M. Block

    2005-01-01

    We summarized existing knowledge on winter movements and range and habitat use of radio-marked Mexican spotted owls. In light of that information, we evaluated the adequacy of current management guidelines. Seasonal movement or "migration" appears to be a regular feature of the winter ecology of Mexican spotted owls. Most radio-marked owls studied were...

  9. Long Range and Strategic Planning for Urban Managers, Modules 1-8, Package III. Participant Manual; Instruction Guide.

    Science.gov (United States)

    Freund, Eva

    This package contains the instructor and participant manuals for eight modules which comprise a portion of the National Training and Development Service Urban Management Curriculum Development Project. These modules focus on long range strategic planning. The specific modules are: (1) Strategic Planning; (2) Situation Analysis; (3) Setting…

  10. Optimisation of Investment Resources at Small Enterprises

    Directory of Open Access Journals (Sweden)

    Shvets Iryna B.

    2014-03-01

    Full Text Available The goal of the article lies in the study of the process of optimisation of the structure of investment resources, development of criteria and stages of optimisation of volumes of investment resources for small enterprises by types of economic activity. The article characterises the process of transformation of investment resources into assets and liabilities of the balances of small enterprises and conducts calculation of the structure of sources of formation of investment resources in Ukraine at small enterprises by types of economic activity in 2011. On the basis of the conducted analysis of the structure of investment resources of small enterprises the article forms main groups of criteria of optimisation in the context of individual small enterprises by types of economic activity. The article offers an algorithm and step-by-step scheme of optimisation of investment resources at small enterprises in the form of a multi-stage process of management of investment resources in the context of increase of their mobility and rate of transformation of existing resources into investments. The prospect of further studies in this direction is development of a structural and logic scheme of optimisation of volumes of investment resources at small enterprises.

  11. Venture Capital Investment Base on Grey Relational Theory

    Science.gov (United States)

    Zhang, Xubo

    This paper builds a venture capital investment projects selection evaluation model base on risk-weight investment return using grey relational analysis. The risk and return in venture capital investment projects selection process is analyses. These risk and return mainly constricted in management ability, operation ability, market ability, exit obtain and investment cost. The 18 sub-indicators are the impact factors contributed to these five evaluation aspects. Grey relation analysis is use to evaluate the venture capital investment selection. Get the optimal solution of risk-weight double objective investment selection evaluation model. An example is used to demonstrate the model in this paper.

  12. Range management in the chaparral type and its ecological basis: The status of our knowledge

    Science.gov (United States)

    Dwight R. Cable

    1975-01-01

    Chaparral in Arizona is used far below its potential. Conversions to grass can greatly increase water and grass production, and improve wildlife habitat. Management options include conversion to grass, maintaining shrubs in a sprout stage, changing shrub composition, reseeding, and using goats to harvest shrub forage.

  13. Fire Behavior System for the Full Range of Fire Management Needs

    Science.gov (United States)

    Richard C. Rothermel; Patricia L. Andrews

    1987-01-01

    An "integrated fire behavior/fire danger rating system" should be "seamless" to avoid requiring choices among alternate, independent systems. Descriptions of fuel moisture, fuels, and fire behavior should be standardized, permitting information to flow easily through the spectrum of fire management needs. The level of resolution depends on the...

  14. The Success of a National Dialogue on Sustainable Military Range Management

    Science.gov (United States)

    Siegel, Lenny

    2003-01-01

    Military munitions are the silent giant of hazardous waste management and cleanup in the United States. Toward the end of the first Clinton administration, the Navy and Air Force prevailed upon the Army--the armed service with the biggest ordnance problem--to consider co-sponsoring a formal dialogue on military munitions facilitated by the…

  15. Benchmarking Investments in Advancement: Results of the Inaugural CASE Advancement Investment Metrics Study (AIMS). CASE White Paper

    Science.gov (United States)

    Kroll, Juidith A.

    2012-01-01

    The inaugural Advancement Investment Metrics Study, or AIMS, benchmarked investments and staffing in each of the advancement disciplines (advancement services, alumni relations, communications and marketing, fundraising and advancement management) as well as the return on the investment in fundraising specifically. This white paper reports on the…

  16. IT Investment Allocation and Organizational Performance: A Study of Information Technology Investment Portfolios in Federal Government Agencies

    Science.gov (United States)

    Whitehead, Ennis Jim C., III

    2011-01-01

    This study examined Federal Government Information Technology (IT) portfolio investments for twenty-seven Federal Government agencies, as provided annually to the Office of Management and Budget (OMB) in their Agency IT Investment Portfolio Reports (Exhibit 53), and divided Federal agency IT investments into four categories: Innovation,…

  17. Impacts of project attributes on investment preferences : an empirical cluster analysis of energy conservation investment attitudes

    NARCIS (Netherlands)

    Meisner, Jan; Gillissen, Merlijn

    1994-01-01

    Investment attitude refers to the way managements of firms value attributes of investmentproposals and weigh them in their final appraisal. It seems that among firms in the Netherlands an investment attitude exists that hinders theimplementation of energy conservation projects. Using paired

  18. Valuing investments in sustainable land management using an integrated modelling framework to support a watershed conservation scheme in the Upper Tana River, Kenya

    Science.gov (United States)

    Hunink, Johannes E.; Bryant, Benjamin P.; Vogl, Adrian; Droogers, Peter

    2015-04-01

    We analyse the multiple impacts of investments in sustainable land use practices on ecosystem services in the Upper Tana basin (Kenya) to support a watershed conservation scheme (a "water fund"). We apply an integrated modelling framework, building on previous field-based and modelling studies in the basin, and link biophysical outputs to economic benefits for the main actors in the basin. The first step in the modelling workflow is the use of a high-resolution spatial prioritization tool (Resource Investment Optimization System -- RIOS) to allocate the type and location of conservation investments in the different subbasins, subject to budget constraints and stakeholder concerns. We then run the Soil and Water Assessment Tool (SWAT) using the RIOS-identified investment scenarios to produce spatially explicit scenarios that simulate changes in water yield and suspended sediment. Finally, in close collaboration with downstream water users (urban water supply and hydropower) we link those biophysical outputs to monetary metrics, including: reduced water treatment costs, increased hydropower production, and crop yield benefits for upstream farmers in the conservation area. We explore how different budgets and different spatial targeting scenarios influence the return of the investments and the effectiveness of the water fund scheme. This study is novel in that it presents an integrated analysis targeting interventions in a decision context that takes into account local environmental and socio-economic conditions, and then relies on detailed, process-based, biophysical models to demonstrate the economic return on those investments. We conclude that the approach allows for an analysis on different spatial and temporal scales, providing conclusive evidence to stakeholders and decision makers on the contribution and benefits of the land-based investments in this basin. This is serving as foundational work to support the implementation of the Upper Tana-Nairobi Water Fund

  19. Evaluating capital investment opportunities: capturing the value of flexibility.

    Science.gov (United States)

    Smyth, J Patrick; Swinand, Paul

    2002-11-01

    The risks inherent in today's healthcare environment make it difficult to predict financial returns from large capital investments or strategic initiatives. Discounted cash-flow financial models are an inadequate means of valuing capital investment opportunities. Real-option analysis includes in the value of a capital investment the ability of management to alter a strategic course or react to marketplace changes. The value of managerial flexibility is higher in an investment opportunity with considerable risk.

  20. ABOUT OPTIMIZING OF INVESTMENT VOLUMES TO IMPROVE THE BASIC INDICATORS OF THE ENTERPRISE EFFECTIVENESS

    Directory of Open Access Journals (Sweden)

    Z. M. Gasanov

    2014-12-01

    Full Text Available Purpose. Profit and profitability of any, including transport enterprises are the main economic indicators of the enterprise effectiveness. These indicators reflect the results and successful performance of the enterprise. On the other hand the enterprise effectiveness in the long term, assurance of rapid development and competitiveness is largely determined by the level of investment activity and the range of investment activity. The purpose of this study is the feasibility of the method to determine optimal investments volume for improving these or others (selectable by the management principal economic indicators of the enterprise effectiveness. Methodology. The basis of the proposed methodology for determining the optimal investments volume is the theory of optimal control, in particular, the procedure of dynamic programming since a managed development process of the enterprise is a multiple stage. This procedure, using a phased plan, allows not only simplifying the solution of optimization problems, but also solving those, which are impossible to apply the methods of mathematical analysis. Findings. The expediency of performing the calculations to determine the optimal investments volume to ensure high rates of enterprise development was proved, it is a key to the effectiveness of the enterprise in the long term and it improves its competitiveness. Originality. It is shown that using methods of the optimum control theory one can calculate the minimum volume of capital investments for the improvement of economic indicators, which determine the enterprise effectiveness. The proposed method of calculation does not depend on the specific content of economic indicators. The effectiveness of this calculation method is demonstrated on a model example. Practical value. The proposed method of calculating the minimum volume of capital investments to improve the economic effectiveness of enterprises is quite simple, but at the same time enables, on

  1. Common Causes of Traumatic Ventriculitis in Free range and Intensively Managed Poultry in Zaria, Nigeria

    Directory of Open Access Journals (Sweden)

    Kaltungo Bilkisu Yunusa

    Full Text Available The gizzard or ventriculus in birds is susceptible to mechanical damage or traumatic injuries referred to as traumatic ventriculitis when subjected to the causative agents. The condition affects both intensively and extensively managed birds. Palm kennel cake is commonly used as a chief source of protein and fat in poultry rations, most poultry that are kept intensively on deep litter system in the study area use wood shavings collected from carpentry workshops as litter material while poultry on extensive system of management have access to refuse dumps where sharp objects are commonly found. Traumatic ventriculitis can hardly be detected and managed clinically. From our clinical records, nails of various sizes, bolts and nuts, sharp objects like pieces of wood, palm kennel shells and wires of various sizes are the major causes of traumatic ventriculitis. Major causes of traumatic ventriculitis or hardware disease in poultry in the study areas are hereby discussed and three cases presented in chickens as case studies. Locally and manually compounded poultry feeds, access to refuse dumps, litter materials to be used in poultry houses and litters in poultry houses were renovation works had occurred should be screened for metallic and hard sharp objects to prevent or reduce risk of ingesting and the occurrence of hardware disease. [Vet. World 2011; 4(11.000: 511-514

  2. Hungry Horse Dam Wildlife Habitat Enhancement Project: Long-Term Habitat Management Plan, Elk and Mule Deer Winter Range Enhancement, Firefighter Mountain and Spotted Bear Winter Ranges.

    Energy Technology Data Exchange (ETDEWEB)

    Casey, Daniel; Malta, Patrick

    1990-06-01

    Project goals are to rehabilitate 1120 acres of big game (elk and mule deer, Odocoileus hemionus) winter range on the Hungry Horse and Spotted Bear Districts of Flathead National Forest lands adjacent to Hungry Horse Reservoir. This project represents the initial phase of implementation toward the mitigation goal. A minimum of 547 acres Trust-funded enhancements are called for in this plan. The remainder are part of the typical Forest Service management activities for the project area. Monitor and evaluate the effects of project implementation on the big game forage base and elk and mule deer populations in the project area. Monitor enhancement success to determine effective acreage to be credited against mitigation goal. Additional enhancement acreage will be selected elsewhere in the Flathead Forest or other lands adjacent'' to the reservoir based on progress toward the mitigation goal as determined through monitoring. The Wildlife Mitigation Trust Fund Advisory Committee will serve to guide decisions regarding future enhancement efforts. 7 refs.

  3. Home range size and choice of management strategy for lynx in Scandinavia.

    Science.gov (United States)

    Linnell, J D; Andersen, R; Kvam, T; Andrén, H; Liberg, O; Odden, J; Moa, P F

    2001-06-01

    Annual and seasonal home ranges were calculated for 47 Eurasian lynx in four Scandinavian study sites (two in Sweden and two in Norway). The observed home ranges were the largest reported for the species, with study site averages ranging from 600 to 1,400 km2 for resident males and from 300 to 800 km2 for resident females. When home range sizes were compared to the size of protected areas (national parks and nature reserves) in Scandinavia, it was concluded that very few protected areas contained sufficient forest to provide space for more than a few individuals. As a direct consequence of this, most lynx need to be conserved in the multiuse semi-natural forest habitats that cover large areas in Scandinavia. This conservation strategy leads to a number of conflicts with some land uses (sheep and semidomestic reindeer herding, and roe deer hunters), but not all (forestry and moose harvest). Accordingly research must be aimed at understanding the ecology of these conflicts, and finding solutions.

  4. Real Options Analysis of Electricity Investments

    Energy Technology Data Exchange (ETDEWEB)

    Heggedal, Ane Marte

    2012-07-01

    This thesis utilizes real options analysis for evaluating investment opportunities in the electricity sector. It also formally tests how investors in hydropower plants have included uncertainty when considering their investment opportunities. The real options method applies financial options theory to quantify the value of management flexibility and is chosen due to three important characteristics of investments in the electricity sector. First; the investment is completely or partially irreversible, second; the investor can choose when to invest in the facility, and third; there is uncertainty in several factors affecting the cash flows of the investments. Factors of uncertainty include the development of electricity prices, policies, technological advances, and macroeconomics measures.Four papers are included in this thesis. Paper 1, Upgrading hydropower plants with storage: Timing and capacity choice, presents a valuation framework for deciding when to upgrade an existing hydropower plant and which capacity to choose. The second paper, Transmission capacity between Norway and Germany: A real options analysis, sheds light on when two electricity markets, in this case Norway and Germany, should be connected through a sub sea cable. The investor can choose when to invest and the capacity of the cable, and may also choose to invest sequentially. Paper 3, Optimal timing and capacity choice for pumped hydropower storage, investigates when investment in a pumped hydropower plant with storage should be undertaken and what the capacity of the facility should be. Whereas the three first papers investigate investment opportunities, Paper 4, Uncertain climate policy decisions and investment timing: Evidence from small hydropower plants, studies when investors in small hydropower plants chose to invest. The analyses disclose whether the net present value approach or the real options method best describe the investment decisions made by the investors. Viewing investment

  5. Information resources management long-range plan, FY1994--1998

    Energy Technology Data Exchange (ETDEWEB)

    1993-04-01

    This document describes IRM activities and the information technology resources and capabilities of the Department, the future requirements, and the strategies and plans to satisfy the identified requirements. The long-range planning process provides the systematic means to meet this objective and assists the Department in assuring that information technology (IT) support is provided in an efficient, effective, and timely manner so that its programmatic missions can be accomplished. Another important objective of the Plan is to promote better understanding, both within and external to the Department, of its IT environment, requirements, issues, and recommended solutions. This DOE IRM Plan takes into consideration the IRM requirements of approximately 50 different sites. The annual long-range planning cycle for supporting this Plan was initiated by a Call in August 1991 for site plans to be submitted in February 1992 by those Departmental components and contractors with major IRM requirements.

  6. Investment and uncertainty

    DEFF Research Database (Denmark)

    Greasley, David; Madsen, Jakob B.

    2006-01-01

    A severe collapse of fixed capital formation distinguished the onset of the Great Depression from other investment downturns between the world wars. Using a model estimated for the years 1890-2000, we show that the expected profitability of capital measured by Tobin's q, and the uncertainty...... surrounding expected profits indicated by share price volatility, were the chief influences on investment levels, and that heightened share price volatility played the dominant role in the crucial investment collapse in 1930. Investment did not simply follow the downward course of income at the onset...

  7. Sustainable Investment. Literature Overview

    Energy Technology Data Exchange (ETDEWEB)

    Weda, J.; Kerste, M.; Rosenboom, N.

    2010-08-15

    Corporate Social Responsibility (CSR), or sustainability at the company level, entails incorporating ecological (environmental stakeholders) and social aspects (stakeholders other than shareholders and environmental stakeholders) when doing business. Socially Responsible Investment (SRI) concerns sustainability at the investment, fund or portfolio level and involves screening the sustainability of companies before investing in them. This report highlights leading literature and empirical findings on 'sustainable investment', amongst others addressing the economic rationale for CSR and SRI. This report is part of a set of SEO-reports on finance and sustainability. The other reports deal with: Financing the Transition to Sustainable Energy; Carbon Trading; Innovations in financing environmental and social sustainability.

  8. Resource Selection Probability Functions for Gopher Tortoise: Providing a Management Tool Applicable Across the Species' Range

    Science.gov (United States)

    Kowal, Virginia A.; Schmolke, Amelie; Kanagaraj, Rajapandian; Bruggeman, Douglas

    2014-03-01

    The gopher tortoise ( Gopherus polyphemus) is protected by conservation policy throughout its range. Efforts to protect the species from further decline demand detailed understanding of its habitat requirements, which have not yet been rigorously defined. Current methods of identifying gopher tortoise habitat typically rely on coarse soil and vegetation classifications, and are prone to over-prediction of suitable habitat. We used a logistic resource selection probability function in an information-theoretic framework to understand the relative importance of various environmental factors to gopher tortoise habitat selection, drawing on nationwide environmental datasets, and an existing tortoise survey of the Ft. Benning military base. We applied the normalized difference vegetation index (NDVI) as an index of vegetation density, and found that NDVI was strongly negatively associated with active burrow locations. Our results showed that the most parsimonious model included variables from all candidate model types (landscape features, topography, soil, vegetation), and the model groups describing soil or vegetation alone performed poorly. These results demonstrate with a rigorous quantitative approach that although soil and vegetation are important to the gopher tortoise, they are not sufficient to describe suitable habitat. More widely, our results highlight the feasibility of constructing highly accurate habitat suitability models from data that are widely available throughout the species' range. Our study shows that the widespread availability of national environmental datasets describing important components of gopher tortoise habitat, combined with existing tortoise surveys on public lands, can be leveraged to inform knowledge of habitat suitability and target recovery efforts range-wide.

  9. Modeling Climate-Change Effects on Snake Range Extents for Military Land Management

    Science.gov (United States)

    2013-09-01

    34Factors Influencing Home-Range Sizes of Eastern Indigo Snakes in Central Florida." Journal of Herpetology 45.4 (2011): 484-490. Breininger, David... Herpetology 17.3, 256-264. Dyck, S. 1983, Overview on the present status of the concepts of water balance models, in: Van der Beken, A. and Herrmann, A...versus Unharvested Forest Stands." Journal or Herpetology 39.4, 619-626. Speake, D. W., and J. Diemer. 1983. “The Distribution of the Eastern Indigo

  10. Effective use of Landsat for range monitoring and management - An example on a regional scale

    Science.gov (United States)

    Deering, D. W.; Harlan, J. C.; Rouse, J. W., Jr.; Haas, R. H.

    1977-01-01

    Some results of a study undertaken in the Great Plains region to evaluate the use of Landsat for monitoring rangeland ecosystems are briefly summarized. A vegetation parameter, the Transformed Vegetation Index (TVI), was developed as a green biomass indicator. It was determined that for rangelands with good vegetative cover, and which are not heavily infested with brush, green biomass can be estimated in increments of 250-300 kg/ha with a 95% probability. At least five levels of range feed conditions can be mapped with TVI data using the MSS Band 6.

  11. INVESTMENTS VALUES AND EU FOUNDED PROJECTS

    Directory of Open Access Journals (Sweden)

    Salanta Irina Iulia

    2012-12-01

    Full Text Available Being value based is one of the principles project management has to respect in order to be sustainable. Values are guidelines for human behavior that are shared by a large group of individuals. As projects can be differentiated from investments, also projects’ values can be differentiated from investments’ values. Connecting projects with investments’ values contributes to projects’ success, to a sustainable project management process and to a sustainable investment. The article explains the differences between investments and projects and presents how the investment’s values can be related to the project. The topic is applicable when dealing with projects in general and can have benefic effects on investments initialized through projects financed by the European Union.

  12. Use of agent-based modelling in emergency management under a range of flood hazards

    Directory of Open Access Journals (Sweden)

    Tagg Andrew

    2016-01-01

    Full Text Available The Life Safety Model (LSM was developed some 15 years ago, originally for dam break assessments and for informing reservoir evacuation and emergency plans. Alongside other technological developments, the model has evolved into a very useful agent-based tool, with many applications for a range of hazards and receptor behaviour. HR Wallingford became involved in its use in 2006, and is now responsible for its technical development and commercialisation. Over the past 10 years the model has been applied to a range of flood hazards, including coastal surge, river flood, dam failure and tsunami, and has been verified against historical events. Commercial software licences are being used in Canada, Italy, Malaysia and Australia. A core group of LSM users and analysts has been specifying and delivering a programme of model enhancements. These include improvements to traffic behaviour at intersections, new algorithms for sheltering in high-rise buildings, and the addition of monitoring points to allow detailed analysis of vehicle and pedestrian movement. Following user feedback, the ability of LSM to handle large model ‘worlds’ and hydrodynamic meshes has been improved. Recent developments include new documentation, performance enhancements, better logging of run-time events and bug fixes. This paper describes some of the recent developments and summarises some of the case study applications, including dam failure analysis in Japan and mass evacuation simulation in England.

  13. A survey of ectoparasites, cestodes and management of free-range indigenous chickens in rural Zimbabwe

    Directory of Open Access Journals (Sweden)

    S. Mukaratirwa

    2009-05-01

    Full Text Available A survey of ectoparasites, cestodes and husbandry aspects of indigenous free-range chickens was carried out in selected districts from the highveld and lowveld of rural Zimbabwe. The survey recorded infection with 4 species from the order Phthiraptera (lice, 1 species from the order Siphonaptera (fleas, 6 species from the order Acarina (ticks and mites and 9 species of cestodes. Among the ectoparasites, the most prevalent was Menacanthus stramineus (87.7 % followed by Echidinophaga gallinacea (71.9 %. Chickens in the Mazowe district had the highest number of ectoparasites species (10 of 11 followed by Goromonzi district (9 of 11 both these districts are situated in the highveld of Zimbabwe. The most prevalent cestode species was Raillietina tetragona (84.4 %, followed by Raillletina echinobothrida (32.2 %. Chickens in the Goromonzi district had the highest number of cestode species (7 of 9, followed by Mazowe district (one subgenus and 5 of 9. In all the districts sampled the main purpose of keeping free-range chickens was for meat for the household, with few households using the birds as a source of income. The majority of households kept their birds extensively with barely any appropriate housing, and supplementary feeding was only occasionally practised.

  14. Sunk cost investments and market information

    DEFF Research Database (Denmark)

    Sørensen, Hans Eibe; Stieglitz, Nils

    2008-01-01

    This paper extends the strategic management literature on how firms' sunk cost investments and market orientation mutually shapes firm performance. Using data from 314 manufacturing firms, we decompose firms' sunk cost investments into industry-specific resources and firm-specific resources...... and investigate their effect on firm performance. Our results suggest that the salient components of a firm's market orientation - i.e. customer orientation and competitor orientation - have different effects on firms' performance as well as moderate the relationship between a firm's sunk cost investments and its...... performance. In particular, we find that a firm's customer orientation positively influence the effect of industry-specific resources on return on assets....

  15. Investment in Success

    Science.gov (United States)

    Weinstein, Margery

    2010-01-01

    Operating a financial investment company in an unstable economy is not easy. But the right training at Vanguard ensures satisfied customers. The company made an investment of its own in learning and development that paid off big in 2009. The learning offerings, both innovative and efficient, keep its workers updated on strategies that bring…

  16. Missouri airport investment study

    Science.gov (United States)

    The studys purpose is to provide MoDOT with insight to the potential ROI for airport : investments in terms of economic development. To do so, this study addresses two central : objectives: first, an approach to evaluate airport investments; and s...

  17. Investment for food

    NARCIS (Netherlands)

    Groenveld, D.

    1961-01-01

    Groenveld attempted to show the magnitude of investments in agriculture, which were necessary to meet the increasing world demand for food. The formula S = K/Y (ΔN +ΔH) was assumed as a description that for a community the proportion of national income saved and invested must equal the product of

  18. The Investment Policy Statement

    Science.gov (United States)

    Griswold, John S.; Jarvis, William F.

    2011-01-01

    Successful investing for long-term funds requires a strategic plan. This is true despite--indeed, because of--the fact that the future is unknowable. The plan must be specific, embodying in concrete terms the best thinking of the board of trustees about the investment pool, its goals and purposes; but it also needs to be sufficiently flexible to…

  19. Investing in Preschool Programs

    National Research Council Canada - National Science Library

    Greg J. Duncan; Katherine Magnuson

    2013-01-01

    ... capital investment in young children, particu- greatest potential value is as a human capital investment in young children, particularly children from economically disadvantaged families (Heckman 2006). After all, larly children from economically disadvantaged families (Heckman 2006). After all, both human and animal studies highlight the critical...

  20. Action Investment Energy Games

    DEFF Research Database (Denmark)

    Larsen, Kim Guldstrand; Laursen, Simon; Srba, Jiri

    2012-01-01

    We introduce the formalism of action investment energy games where we study the trade-off between investments limited by given budgets and resource constrained (energy) behavior of the underlying system. More specifically, we consider energy games extended with costs of enabling actions and fixed...

  1. RUSSIAN INDUSTRY INVESTMENT SITUATION

    Directory of Open Access Journals (Sweden)

    O. V. Pochukaeva

    2011-01-01

    Full Text Available The actual deficiency of investment into Russian industry innovative development increases its technological drag from industries of countries with developed markets. Although the rate of investment into real sectors of Russian economics mid 2000 was higher compared to the previous period, annual investment amounts were much lower than in 1990. At present, highest investment amounts are directed to industry extractive branches and to the commerce. Amounts invested to various economy branches do not correspond to their contribution to the country’sGross Added Product; particularly underinvested are manufacturing industry branches. At present, foreign share in the country economy total investment makes 15–18%. Recently, most interesting for foreigners was investment to machine-building branches with overwhelming part (for example, 90% in 2007–2008 of foreign investment into the machine-building industry being directed to creation of new automobile plants. Today, first place in the list of foreign investors’ preferences in Russia is taken by the machine-tool construction sector.

  2. Investment Portfolio Evaluation by the Fuzzy Approach

    Directory of Open Access Journals (Sweden)

    Lambovska Maya

    2011-09-01

    Full Text Available This paper presents a new fuzzy approach for the evaluation of investment portfolio, where the approach is viewed by the authors as a sub-phase of the management process of these portfolios. The approach defines the mutual and delayed effects among the significant variables of the investment portfolio. The evaluation of the effects is described as fuzzy trapezoidal numbers and they are aggregated by mathematical operations with incidence matrices and fuzzy functions “experton”.

  3. Competition in investment banking

    Directory of Open Access Journals (Sweden)

    Katrina Ellis

    2011-01-01

    Full Text Available We construct a comprehensive measure of overall investment banking competitiveness for follow-on offerings that aggregates the various dimensions of competition such as fees, pricing accuracy, analyst recommendations, distributional abilities, market making prowess, debt offering capabilities, and overall reputation. The measure allows us to incorporate trade-offs that investment banks may use in competing for new or established clients. We find that firms who switch to similar-quality underwriters enjoy more intense competition among investment banks which manifests in lower fees and more optimistic recommendations. Investment banks do compete vigorously for some clients, with the level of competition related to the likelihood of gaining or losing clients. Finally, investment banks not performing up to market norms are more likely to be dropped in the follow-on offering. In contrast, firms who seek a higher reputation underwriter face relatively non-competitive markets.

  4. The application of the dynamic programming method in investment optimization

    Directory of Open Access Journals (Sweden)

    Petković Nina

    2016-01-01

    Full Text Available This paper deals with the problem of investment in Measuring Transformers Factory in Zajecar and the application of the dynamic programming method as one of the methods used in business process optimization. Dynamic programming is a special case of nonlinear programming that is widely applicable to nonlinear systems in economics. Measuring Transformers Factory in Zajecar was founded in 1969. It manufactures electrical equipment, primarily low and medium voltage current measuring transformers, voltage transformers, bushings, etc. The company offers a wide range of products and for this paper's needs the company's management selected three products for each of which optimal investment costing was made. The purpose was to see which product would be the most profitable and thus proceed with the manufacturing and selling of that particular product or products.

  5. Status and Facilitation of Foreign Direct Investment into Korea

    Directory of Open Access Journals (Sweden)

    Junedong Kim

    1998-03-01

    Full Text Available Foreign direct investment is an effective way for Korea to overcome foreign exchange crisis and strengthen Korea economy by smooth flow of international capital. Since the implementation of the reform issues in South Korea was poor, coupled with rigid factor markets, government regulation and other barriers, as well as the lack of investor relations management system, make foreign direct investment stagnant. In order to accelerate the foreign investment, Korea should accelerate structural reforms, expansion of foreign investment liberalization, strengthen management, investor relations, giving the chance for a full use of international investment norms - Multilateral Agreement on Investment (MAI. It is also necessary to stimulate investment in the existing system to focus on increasing employment and regional development. However, in the implementation of the liberalization measures, it is necessary to deal with side effects through the establishment of competition policy and other related systems, and make thorough preparation

  6. Investment Lending as a Method Of Investment Projects Financing

    OpenAIRE

    Svitlana Urvantseva

    2014-01-01

    The article deals with the genesis consideration of "investment loan" definition. The author provides comparative characteristics of the main forms of investment projects financing involving credit institution. A generalized definition of the project financing and investment lending essence are suggested.

  7. Investment Evaluation Difficulties

    Directory of Open Access Journals (Sweden)

    Bogdan Cosmin Gomoi

    2011-12-01

    Full Text Available The financial criteria used for evaluation of the enterprise are not numerous; however, they are causing heated discussion on whether using a criterion at the expense of another. The most utilized financial criteria used in the ranking of investment alternatives are: the net present value criterion, the internal rate of return criterion, the payback period limit criterion and last, but not least, the profitability index criterion. These criteria have in mind, in the first place: \tinvestments impact on enterprise profitableness and results, by recording the future positive cash-flow \tinvestments influence on the balance of an enterprise, traced through the evolution, on one side of the working capital , on the other hand, the size of necessary working capital \tincidence of the investment project on enterprise risk level Therefore, to ensure the best possible decision making, investors must choose of using, and why not, even construction of relevant indicators regarding the opportunity of an investment decision in one alternative or another. It is advisable to take into account a number of principles, which are nothing more than to highlight various aspects of technical analysis of investment projects. As a result, it is preferable not to neglect the value of money in time problem, solved by using dynamic indicators of investment; investment project analysis with reference the binomial risk - profitableness, ensuring that profitableness of an investment is directly proportional to the risk category in which is framed; the basis for the investment decision to materialize with the help of marginal cash flow analysis and, certainly not with the help of paper profits; taking into consideration the fiscal policy of the company; elimination of the inflationary phenomenon in the decision process; targeting of low risk investment projects, because this risk adds to the whole risk of the enterprise etc.

  8. Investing in big ideas: utilisation and cost of Medicare Allied Health services in Australia under the Chronic Disease Management initiative in primary care.

    Science.gov (United States)

    Cant, Robyn P; Foster, Michele M

    2011-11-01

    To critically examine utilisation of the 13 allied health services provided through Medicare Chronic Disease Management program and related general practitioner (GP) care planning initiatives. Statistics generated from national billing data from July 2005 to June 2009 were extracted from Medicare data and compared by profession, State or Territory and population. Most services grew over 4 years although nationally consistent service levels were not found for any allied health provider profession. On referral from GPs, podiatry, physiotherapy and dietetics provided most services (82%) in 2008-09. Professions had unique patterns of referral instanced by age range and sex of clientele. Wide variation was apparent in per capita utilisation of allied health services by State or Territory; some with far less than average national use and others with high use. Annual number of GP Management Plans or Team Care Arrangements was low (mean: ≤22 per GP in 2008-09), indicating low use of care planning. Inequality of accessibility for patients was apparent. Five years into the program, a review of Medicare Allied Health CDM policy is warranted. Implications. Research and evaluation is needed to identify whether the program is meeting the needs of GPs, allied health providers and chronic disease patients.

  9. Socially responsible investing

    Directory of Open Access Journals (Sweden)

    Krstić Nataša

    2014-01-01

    Full Text Available Socially responsible investing, as an investment strategy which seeks to consider both the increase of an investment's financial returns and the achievement of certain social goals, today is a global phenomenon and one of the strongest trends in socially responsible business. Its ultimate result is that shareholders and investors have the discretionary power to force companies to become more attentive and dedicated to the treatment of social, environmental and ethical problems and principles, thereby realizing their potential to change not only a particular industry, but the entire economy as well.

  10. INVESTMENT AND ECONOMIC GROWTH

    OpenAIRE

    Anwer, Muhammad Sarfraz; Sampath, Rajan K.

    1999-01-01

    We used unit root and cointegration techniques to determine the long run relationship between GDP and investment for 90 countries using data from World Bank for the period 1960-1992. In the first step of our analysis we found GDP and investment integrated of different orders for 33 countries. Second step of our analysis shows no cointegration between GDP and investment for 25 countries and cointegration for 25 countries with both variables of order I(1). The other 7 countries with both variab...

  11. Woodland dynamics at the northern range periphery: a challenge for protected area management in a changing world.

    Directory of Open Access Journals (Sweden)

    Scott L Powell

    Full Text Available Managers of protected natural areas increasingly are confronted with novel ecological conditions and conflicting objectives to preserve the past while fostering resilience for an uncertain future. This dilemma may be pronounced at range peripheries where rates of change are accelerated and ongoing invasions often are perceived as threats to local ecosystems. We provide an example from City of Rocks National Reserve (CIRO in southern Idaho, positioned at the northern range periphery of pinyon-juniper (P-J woodland. Reserve managers are concerned about P-J woodland encroachment into adjacent sagebrush steppe, but the rates and biophysical variability of encroachment are not well documented and management options are not well understood. We quantified the rate and extent of woodland change between 1950 and 2009 based on a random sample of aerial photo interpretation plots distributed across biophysical gradients. Our study revealed that woodland cover remained at approximately 20% of the study area over the 59-year period. In the absence of disturbance, P-J woodlands exhibited the highest rate of increase among vegetation types at 0.37% yr(-1. Overall, late-successional P-J stands increased in area by over 100% through the process of densification (infilling. However, wildfires during the period resulted in a net decrease of woody evergreen vegetation, particularly among early and mid-successional P-J stands. Elevated wildfire risk associated with expanding novel annual grasslands and drought is likely to continue to be a fundamental driver of change in CIRO woodlands. Because P-J woodlands contribute to regional biodiversity and may contract at trailing edges with global warming, CIRO may become important to P-J woodland conservation in the future. Our study provides a widely applicable toolset for assessing woodland ecotone dynamics that can help managers reconcile the competing demands to maintain historical fidelity and contribute meaningfully

  12. Managerial Stock Compensation and Risky Investment

    Directory of Open Access Journals (Sweden)

    Raluca Georgiana Nastasescu

    2009-06-01

    Full Text Available This study analyzes the relationship between the mix of CEO equity-based compensation, namely stock options and restricted stock, and firms' risky investment. In general, the theory suggests that long-term compensation aligns CEOs' and shareholders' interests by inducing the managers to undertake risky investment, which has a positive impact on longterm well-being of the firm. However, as my results show, it is important to distinguish between types of awards since they can have different effects on the riskiness of the firm. In this respect, I answer the question how are different types of stock based compensation related to the executives' determination to increase or not the intensity of the firm's risky investment? I find that awarding the CEOs preponderantly with stock options positively affects the firm's level of R&D investment. Conversely, a higher proportion of restricted stock in the CEO's compensation is related to lower investment in (risky R&D. The inverse relation of causality also holds. Firms that make intensive R&D investments are more likely to award their CEOs with more stock options relative to restricted stock. Overall, the results are consistent with the theoretical prediction, in that the managerial compensation scheme plays an important role in determining the level of R&D investment.

  13. The impact of International Financial Reporting Standards (IFRS) adoption on Foreign Direct Investments (FDI): Evidence from Africa and implications for managers of education

    OpenAIRE

    Akpomi, Margaret Emalereta; Nnadi, Matthias Akandu

    2017-01-01

    Foreign direct investments have been shown by previous studies to promote economic growth and development especially in the emerging markets through human capital development and technology transfer. In this study, adopting the International Financial Reporting Standards (IFRS) is considered a way of attracting FDI, improving comparability in financial reporting, reducing information asymmetries and cost for foreign investors. The effect of regulatory quality is found as an incentive fo...

  14. 78 FR 72720 - Arrow Investment Advisors, LLC, et al.; Notice of Application

    Science.gov (United States)

    2013-12-03

    ... that track the performance of an index provided by an affiliated person to issue shares (``Shares... registered management investment companies and unit investment trusts outside of the same group of investment...'') and Arrow Investments Trust (``Trust''). DATES: Filing Dates: The application was filed on May 21...

  15. 25 CFR 115.808 - Could trust fund investments made by OTFM lose money?

    Science.gov (United States)

    2010-04-01

    ... 25 Indians 1 2010-04-01 2010-04-01 false Could trust fund investments made by OTFM lose money? 115... TRUST FUNDS FOR TRIBES AND INDIVIDUAL INDIANS Tribal Accounts Investing and Managing Tribal Trust Funds § 115.808 Could trust fund investments made by OTFM lose money? The value of trust fund investments made...

  16. Medicinal management of corneal opacity in free ranging rhesus macaques (Macaca mulatta of Shivalik hills in Western Himalayas, Northern India

    Directory of Open Access Journals (Sweden)

    V. Kumar

    2015-05-01

    Full Text Available Corneal opacification was diagnosed in 17 free ranging rhesus macaques during detailed ophthalmic examination as a part of clinical health examination, at the monkey rescue sterilization centre in Hamirpur Himachal Pradesh, India. The cornea was completely opaque permitting only a little vision with respect to the affected eye. Medical management with topical ciprofloxacin and prednisolone along with ketoprofen and vitamin A was instituted. The corneal lesions subsided completely within one week following treatment. The treatment protocol successfully eliminated the discomfort and intraocular lesions with no serious subsequent irritation due to the treatment in these animals.

  17. Environment, Trade, and Investment

    Science.gov (United States)

    Environment, trade, and investment are fundamentally linked as the environment provides many basic inputs of economic activity – forests, fisheries, metals, minerals – as well as the energy used to process those materials.

  18. Multimodal freight investment criteria.

    Science.gov (United States)

    2010-07-01

    Literature was reviewed on multi-modal investment criteria for freight projects, examining measures and techniques for quantifying project benefits and costs, as well as ways to describe the economic importance of freight transportation. : A limited ...

  19. Socially responsible investment engagement

    NARCIS (Netherlands)

    Goessling, T.; Buijter, Bas; Freeman, R.E.; Kujala, J.; Sachs, S.

    2017-01-01

    This study explores engagement in socially responsible investment (SRI) processes. More specifically, it researches the impact of shareholder salience on the success of engagement activities. The research question asks: What is the relationship between shareholder salience and engagement effort

  20. Sustainable investment: Literature overview

    NARCIS (Netherlands)

    Weda, J.; Kerste, M.; Rosenboom, N.

    2010-01-01

    Corporate Social Responsibility (CSR), or sustainability at the company level, entails incorporating ecological (environmental stakeholders) and social aspects (stakeholders other than shareholders and environmental stakeholders) when doing business. Socially Responsible Investment (SRI) concerns

  1. Sanitation investments in Ghana

    DEFF Research Database (Denmark)

    Awunyo-Akaba, Y.; Awunyo-Akaba, J.; Gyapong, M.

    2016-01-01

    Background: Ghana’s low investment in household sanitation is evident from the low rates of improved sanitation. This study analysed how land ownership, tenancy security and livelihood patterns are related to sanitation investments in three adjacent rural and peri-urban communities in a district...... communities were triangulated with multiple interview material and contextual knowledge on social structures, history of settlement, land use, livelihoods, and access to and perceptions about sanitation. Results: This study shows that the history of settlement and land ownership issues are highly correlated...... with people’s willingness and ability to invest in household sanitation across all communities. The status of being a stranger i.e. migrant in the area left some populations without rights over the land they occupied and with low incentives to invest in sanitation, while indigenous communities were challenged...

  2. Factor investing based on Musharakah principle

    Science.gov (United States)

    Simon, Shahril; Omar, Mohd; Lazam, Norazliani Md; Amin, Mohd Nazrul Mohd

    2015-10-01

    Shariah stock investing has become a widely discussed topic in financial industry as part of today's investment strategy. The strategy primarily applies market capitalization allocations. However, some researchers have argued that market capitalization weighting is inherently flawed and have advocated replacing market capitalization allocations with factor allocations. In this paper, we discuss the rationale for factor investing based on Musharakah principle. The essential elements or factors of Musharakah principle such as business sector, management capability, profitability growth and capital efficiency are embedded in the Shariah-compliant stock. We then transform these factors into indexation for better analysis and performance measurement. Investment universe for this research covers Malaysian stocks for the period of January 2009 to December 2013. We found out that these factor indexes have historically earned excess returns over market capitalization weighted indexes and experienced higher Sharpe Ratios.

  3. Investment and Technology Policies

    OpenAIRE

    Khan, Mushtaq

    2007-01-01

    This United Nations Policy Note on Investment and Technology provides practical guidance on how to operationalize alternative equitable and employment-generating investment and technology policies in National Development Strategies. This Policy Note has been developed in cooperation with UN agencies, and has been officially reviewed by distinguished academics/ development specialists such as Jose Antonio Ocampo, Jomo K.S. and Nobel Laureate Joseph Stiglitz.

  4. Investment, regulation, and uncertainty

    Science.gov (United States)

    Smyth, Stuart J; McDonald, Jillian; Falck-Zepeda, Jose

    2014-01-01

    As with any technological innovation, time refines the technology, improving upon the original version of the innovative product. The initial GM crops had single traits for either herbicide tolerance or insect resistance. Current varieties have both of these traits stacked together and in many cases other abiotic and biotic traits have also been stacked. This innovation requires investment. While this is relatively straight forward, certain conditions need to exist such that investments can be facilitated. The principle requirement for investment is that regulatory frameworks render consistent and timely decisions. If the certainty of regulatory outcomes weakens, the potential for changes in investment patterns increases.   This article provides a summary background to the leading plant breeding technologies that are either currently being used to develop new crop varieties or are in the pipeline to be applied to plant breeding within the next few years. Challenges for existing regulatory systems are highlighted. Utilizing an option value approach from investment literature, an assessment of uncertainty regarding the regulatory approval for these varying techniques is undertaken. This research highlights which technology development options have the greatest degree of uncertainty and hence, which ones might be expected to see an investment decline. PMID:24499745

  5. Evidence of recent climate change within the historic range of Rio Grande cutthroat trout: implications for management and future persistence

    Science.gov (United States)

    Zeigler, Matthew P.; Todd, Andrew S.; Caldwell, Colleen A.

    2012-01-01

    Evidence of anthropogenically influenced climate change has motivated natural resource managers to incorporate adaptive measures to minimize risks to sensitive and threatened species. Detecting trends in climate variables (i.e., air temperature and hydrology) can serve as a valuable management tool for protecting vulnerable species by increasing our understanding of localized conditions and trends. The Rio Grande cutthroat trout Oncorhynchus clarkii virginalis has suffered a severe decline in its historical distribution, with the majority of current populations persisting in isolated headwater streams. To evaluate recent climate change within the subspecies' historical range, we examined trends in average air temperatures, biologically important hydrological variables (timing of snowmelt and seasonal flows), and the April 1 snow water equivalent over the last 45 years (1963–2007). While rates of change in all three metrics were variable across sites, rangewide patterns were evident. Across the subspecies' historical range, average annual air temperatures increased (0.29°C per decade) and the timing of snowmelt shifted 10.6 d earlier in the year (2.3 d/decade). Flows increased during biologically important periods, including winter (January 1–March 31; 6.6% increase per decade), prespawning (April 1–May 14; 6.9% increase per decade), and spawning (May 15–June 15; 4.2% increase per decade) and decreased in summer (June 16–September 15; 1.9% decrease per decade). Evidence of decreasing April 1 snow water equivalent (5.3% per decade) was also observed. While the impacts of these changes at the population level are equivocal, it is likely that negative effects would influence the subspecies by altering its distribution, decreasing available habitat, and altering the timing of important life history components. Continued monitoring and proactive management will be required to increase the resiliency of remaining populations to ensure long-term persistence and

  6. Anticipating knowledge to inform species management: predicting spatially explicit habitat suitability of a colonial vulture spreading its range.

    Directory of Open Access Journals (Sweden)

    Patricia Mateo-Tomás

    Full Text Available BACKGROUND: The knowledge of both potential distribution and habitat suitability is fundamental in spreading species to inform in advance management and conservation planning. After a severe decline in the past decades, the griffon vulture (Gyps fulvus is now spreading its breeding range towards the northwest in Spain and Europe. Because of its key ecological function, anticipated spatial knowledge is required to inform appropriately both vulture and ecosystem management. METHODOLOGY/FINDINGS: Here we used maximum entropy (Maxent models to determine the habitat suitability of potential and current breeding distribution of the griffon vulture using presence-only data (N = 124 colonies in north-western Spain. The most relevant ecological factors shaping this habitat suitability were also identified. The resulting model had a high predictive performance and was able to predict species' historical distribution. 7.5% (approximately 1,850 km(2 of the study area resulted to be suitable breeding habitat, most of which (approximately 70% is already occupied by the species. Cliff availability and livestock density, especially of sheep and goats, around 10 km of the colonies were the fundamental factors determining breeding habitat suitability for this species. CONCLUSIONS/SIGNIFICANCE: Griffon vultures could still spread 50-60 km towards the west, increasing their breeding range in 1,782 km(2. According to our results, 7.22% of the area suitable for griffon vulture will be affected by wind farms, so our results could help to better plan wind farm locations. The approach here developed could be useful to inform management of reintroductions and recovery programmes currently being implemented for both the griffon vulture and other threatened vulture species.

  7. Anticipating knowledge to inform species management: predicting spatially explicit habitat suitability of a colonial vulture spreading its range.

    Science.gov (United States)

    Mateo-Tomás, Patricia; Olea, Pedro P

    2010-08-25

    The knowledge of both potential distribution and habitat suitability is fundamental in spreading species to inform in advance management and conservation planning. After a severe decline in the past decades, the griffon vulture (Gyps fulvus) is now spreading its breeding range towards the northwest in Spain and Europe. Because of its key ecological function, anticipated spatial knowledge is required to inform appropriately both vulture and ecosystem management. Here we used maximum entropy (Maxent) models to determine the habitat suitability of potential and current breeding distribution of the griffon vulture using presence-only data (N = 124 colonies) in north-western Spain. The most relevant ecological factors shaping this habitat suitability were also identified. The resulting model had a high predictive performance and was able to predict species' historical distribution. 7.5% (approximately 1,850 km(2)) of the study area resulted to be suitable breeding habitat, most of which (approximately 70%) is already occupied by the species. Cliff availability and livestock density, especially of sheep and goats, around 10 km of the colonies were the fundamental factors determining breeding habitat suitability for this species. Griffon vultures could still spread 50-60 km towards the west, increasing their breeding range in 1,782 km(2). According to our results, 7.22% of the area suitable for griffon vulture will be affected by wind farms, so our results could help to better plan wind farm locations. The approach here developed could be useful to inform management of reintroductions and recovery programmes currently being implemented for both the griffon vulture and other threatened vulture species.

  8. The value of reference ranges for middle cerebral artery peak systolic velocity in the management of rhesus alloimmunized pregnancies.

    Science.gov (United States)

    Andrei, Cristian; Vladareanu, Radu

    2012-01-01

    To establish reference ranges for middle cerebral artery peak systolic velocity (MCA PSV) and to certify their value in the management of Rhesus alloimmunized pregnancies. A reference range of MCA PSV with gestation was constructed by studying 342 pregnancies at 25-40 weeks. A comparison was made between the reference ranges produced in our study and those already published. Fetal MCA PSV was also measured in 30 fetuses from Rhesus alloimmunized pregnancies at 25-39 weeks. Last MCA PSV measurement was made within 7 days before measurement of umbilical cord hemoglobin at delivery. MCA PSV and hemoglobin were expressed as multiples of median (MoM). In the normal pregnancies a significant increase in MCA PSV with gestation resulted. The reference ranges for MCA PSV in normal pregnancies were similar to those already in use up to 34 weeks. From 35 to 40 weeks, our values were lower. In the Rhesus alloimmunized pregnancies, MCA PSV was increased. We found a good correlation between MoM MCA PSV and MoM hemoglobin. Using a threshold of 1.29 for MoM PSV, the sensitivity and specificity of MCA PSV in predicting any degree of anemia (Hb ≤0.84 MoM) were 88.46% and 98.27%. Our reference ranges for MCA PSV can perform well from 25 until 35 weeks of gestation. Based on this, measurement of the MCA PSV in fetuses at risk for anemia provides a reliable, non-invasive clinical test for the prediction of fetal anemia.

  9. Japanese investment in Peru: limits of developmental investment

    OpenAIRE

    Kamiya, Marco

    2004-01-01

    Japanese Investment in Latin America was considerable in the 1960s and 1970s, but the investment never took off in the developmental style as in East Asia. The author examines why Japanese Foreign Direct Investment in Peru did not follow the pattern of developmental investment, analyzing the elements involved regarding policies in Peru and particular circumstances in Japan in the 1990 decade.

  10. FACTORS DETERMINING THE INVESTMENT ATTRACTIVENESS OF THE REGION

    Directory of Open Access Journals (Sweden)

    O. I. Avtsinov

    2014-01-01

    Full Text Available Summary.In the article we can see relevance of the research aimed at creating a favorable investment climate in the country and its regions, as a necessary condition for solving the problems of modernization of industrial production, the introduction of scientific and technological progress in all spheres of public life, the implementation of large-scale social and productive programs. In the study we justify the theoretical principles and reveal the essence of the relationship concepts: investment climate, investment attractiveness and investment activity. It is proved that the investment attractiveness should be considered as a sign of factorial and important component of the investment climate in the region, and investment activity as a sign score. In the study we can see a wide range of factors shaping favorable conditions for investment activities. The author focuses on the importance of non-traditional factors shaping the investment attractiveness of such as reducing the time to connect to power grid, information communication, improvement of tax reporting procedures, clarity of customs work, the introduction of regulations for obtaining permits for construction of facilities and reducing the number of required documents. This article analyzes of the indices and the key factors of investment attractiveness of the Voronezh region, which attract investment, exceeding the national average. The main ones are the development of new industrial parks with good transport, engineering, business infrastructure. Investors in the region have favorable conditions to carry on business on the prepared sites with painted communications, junctions, allowing them to reduce production costs, while correspondingly increasing the investment attractiveness of the area. Success of the attracting investment in the Voronezh region is largely due to the introduction standard of the executive bodies of state power, including 15 documents designed to make the

  11. Machinery Investment in Illinois: A Study Examining Existing Investment Motivations

    OpenAIRE

    Micheels, Eric T; Katchova, Ani L.; Barry, Peter J.

    2004-01-01

    In this study, we attempt to prove some previously held ideas of machinery investment decisions using farm level data from Illinois. Investment decisions are analyzed taking into consideration past investment decisions in the county and on the individual farm. The results show there is a correlation between county level purchases and individual farm purchases and investment levels decrease the following year after an initial investment. These results display how non-traditional drivers for in...

  12. Foreign Direct Investment versus Portfolio Investment : A Global Games Approach

    OpenAIRE

    Yamin Ahmad; Pietro Cova; Rodrigo Harrison

    2004-01-01

    We present a model of investment under uncertainty about fundamentals, using a global games approach. Goldstein & Razin (2003) show that there is an information based trade-off between foreign direct investment (FDI) and portfolio investment (PI) which rationalizes some well known stylised facts in the literature - the relative volatility and reversibility of foreign direct investment versus portfolio investment. We extend their result and show that uncertainty about fundamentals does not imp...

  13. Optimal Regulation of Lumpy Investments

    NARCIS (Netherlands)

    Zwart, G.; Broer, D.P.

    2012-01-01

    When a monopolist has discretion over the timing of infrastructure investments, regulation of post-investment prices interferes with incentivizing socially optimal investment timing. In a model of regulated lumpy investment under uncertainty, we study regulation when the regulator can condition

  14. IODP New Ventures in Exploring Scientific Targets (INVEST: Defining the New Goals of an International Drilling Program

    Directory of Open Access Journals (Sweden)

    Fumio Inagaki

    2010-04-01

    Full Text Available The INVEST conference, an international meeting to define the scientific goals and required technology for a new ocean drilling program, was held at the University of Bremen on 22–25 September 2009. Based on the large attendance and vigorous engagement of scientists in the discussion of new science/technology ideas, INVEST was extremely successful. Initially 400 participants were expected, but the INVEST steering and organization committees were thrilled to see a much larger number of scientists flock to Bremen to demonstrate their support and enthusiasm for the continuation of an international scientific ocean drilling program. In all, 584 participants, including sixty-four students, from twenty-one nations and >200 institutions and agencies attended the INVEST conference. Contributions to INVEST included 103 submitted white papers that were posted on the INVEST webpage (http://www.marum.de/iodp-invest. html, and breakout discussions in fifty working groups that focused on a range of topics during the course of the conference. In addition, students and early career scientists, as well as national funding agency managers and platform providers, presented a total of eighty-six posters. Interspersed with the working group and plenary sessions were twelve keynote lectures, chosen to highlight overarching themes and new directions in research and technology.

  15. Comparable investment capital

    Directory of Open Access Journals (Sweden)

    Mihai BOTEZATU

    2009-06-01

    Full Text Available Market economy is characterized at a time, among others, by the existence of two partners, so that one has some money, a certain amount of capital, and one needs money. The first has money and wants to capitalize on them as possible, and the second wants to enter into possession of a capital base which is to put up a new business or develop an existing. We can say that in this context we are facing a certain demand and a supply of capital. Meeting supply and demand of the said capital shall be carried out in an organized framework, namely the capital market. Investors as owners of capital seeking to invest capital so advantageous that they must choose from several investment on the one that best suits his or her interests. In the choice between several investment options investor must thoroughly know the subject of its investment capital, form of revenue will occur when they occur, what time is immobilized the capital and the risks of its investment capital.

  16. Innovation investment area: Technology summary

    Energy Technology Data Exchange (ETDEWEB)

    1994-03-01

    The mission of Environmental Management`s (EM) Office of Technology Development (OTD) Innovation Investment Area is to identify and provide development support for two types of technologies that are developed to characterize, treat and dispose of DOE waste, and to remediate contaminated sites. They are: technologies that show promise to address specific EM needs, but require proof-of-principle experimentation; and (2) already proven technologies in other fields that require critical path experimentation to demonstrate feasibility for adaptation to specific EM needs. The underlying strategy is to ensure that private industry, other Federal Agencies, universities, and DOE National Laboratories are major participants in developing and deploying new and emerging technologies. To this end, about 125 different new and emerging technologies are being developed through Innovation Investment Area`s (IIA) two program elements: RDDT&E New Initiatives (RD01) and Interagency Agreements (RD02). Both of these activities are intended to foster research and development partnerships so as to introduce innovative technologies into other OTD program elements for expedited evaluation.

  17. Status and Facilitation of Foreign Direct Investment into Korea

    OpenAIRE

    Junedong Kim; Kwanho Kim; Yunjong Wang

    1998-01-01

    Foreign direct investment is an effective way for Korea to overcome foreign exchange crisis and strengthen Korea economy by smooth flow of international capital. Since the implementation of the reform issues in South Korea was poor, coupled with rigid factor markets, government regulation and other barriers, as well as the lack of investor relations management system, make foreign direct investment stagnant. In order to accelerate the foreign investment, Korea should accelerate structural ref...

  18. Comment: unethical ethics investment boycotts and abortion.

    Science.gov (United States)

    Furedi, A

    1998-01-01

    Ethical investment funds have traditionally boycotted the arms industry, companies known to pollute the environment, and those involved in animal research. However, recent newspaper reports suggest that some investment funds plan to also boycott hospitals and pharmaceutical companies involved in abortion-related activities. Ethical Financial, anti-abortion independent financial advisors, are encouraging a boycott of investment in private hospitals and manufacturers of equipment involved in abortions, and pharmaceutical firms which produce postcoital contraception or conduct embryo research. Ethical Financial claims that Family Assurance has agreed to invest along anti-abortion lines, Aberdeen Investment is already boycotting companies linked to abortion, and Hendersons ethical fund plans to follow suit. There is speculation that Standard Life, the largest mutual insurer in Europe, will also refuse to invest in abortion-related concerns when it launches its ethical fund in the spring. Managers of ethical funds should, however, understand that, contrary to the claims of the anti-choice lobby, there is extensive public support for legal abortion, emergency contraception, and embryo research. Individuals and institutions which contribute to the development of reproductive health care services are working to alleviate the distress of unwanted pregnancy and infertility, laudable humanitarian goals which should be encouraged. Those who try to restrict the development of abortion methods and services simply show contempt for women, treating them as people devoid of conscience who are incapable of making moral choices.

  19. Stock prices and business investment

    OpenAIRE

    Yaron Leitner

    2007-01-01

    Is there a link between the stock market and business investment? Empirical evidence indicates that there is. A firm tends to invest more when its stock price increases, and it tends to invest less when the price falls. In “Stock Prices and Business Investment,” Yaron Leitner discusses existing research that explains this relationship. One question under consideration is whether the stock market actually improves investment decisions.

  20. 75 FR 27951 - Federal Agricultural Mortgage Corporation Funding and Fiscal Affairs; Farmer Mac Investments and...

    Science.gov (United States)

    2010-05-19

    ... financial position) may indicate reduced risk in the liquidity value of the investment portfolio. Therefore... risk are closely linked, they are not synonymous. Management of the non-program investment portfolio... effectively manage risks in its investment portfolio. This provision requires Farmer Mac's board of directors...

  1. 76 FR 71797 - Federal Agricultural Mortgage Corporation Funding and Fiscal Affairs; Farmer Mac Investments and...

    Science.gov (United States)

    2011-11-18

    ... non-program investment portfolio. Accordingly, our guiding principle is that high liquidity attributes... Corporation Funding and Fiscal Affairs; Farmer Mac Investments and Liquidity Management; Proposed Rule #0;#0...; Farmer Mac Investments and Liquidity Management AGENCY: Farm Credit Administration. ACTION: Proposed rule...

  2. INVESTMENT FUNDS ON ROMANIAN CAPITAL MARKET

    Directory of Open Access Journals (Sweden)

    Cristian GHEORGHE

    2014-05-01

    Full Text Available National laws governing collective investment undertakings were updated as a result of European secondary law modernization with a view to approximating the conditions of competition between those undertakings at Community level, while at the same time ensuring more effective and more uniform protection for unit-holders. Such coordination intended to facilitate the removal of the restrictions on the free movement of units of UCITS in the internal market. For the purposes of internal regulation UCITS means an undertaking: (a with the sole object of collective investment in transferable securities or in other liquid financial assets of capital raised from the public and which operate on the principle of risk-spreading; and (b with units which are, at the request of holders, repurchased or redeemed, directly or indirectly, out of those undertakings’ assets. The UCITS may be constituted in accordance with contract law (as common funds managed by management companies, trust law (as unit trusts, or statute (as investment companies. Key investor information should be provided as a specific document to investors, before the subscription of the UCITS, in order to help them to reach informed investment decisions. Investment funds enjoy in Romania a new regulatory framework: the contract of common society hosted by new Civil Code and the new Emergency Ordinance regarding UCITS.

  3. Nigeria's Changing Investment Climate: The Private Sector ...

    African Journals Online (AJOL)

    Evidently, active implementation of reforms since 2001 has resulted in modest positive changes in the ICT and financial sectors where the investment climate has improved the most; however poor infrastructure remains a major impediment to reaping the rewards of the gains made in macroeconomic management.

  4. Investment and intellect: a review and meta-analysis.

    Science.gov (United States)

    von Stumm, Sophie; Ackerman, Phillip L

    2013-07-01

    Cognitive or intellectual investment theories propose that the development of intelligence is partially influenced by personality traits, in particular by so-called investment traits that determine when, where, and how people invest their time and effort in their intellect. This investment, in turn, is thought to contribute to individual differences in cognitive growth and the accumulation of knowledge across the life span. We reviewed the psychological literature and identified 34 trait constructs and corresponding scales that refer to intellectual investment. The dispositional constructs were further classified into 8 related trait categories that span the construct space of intellectual investment. Subsequently, we sought to estimate the association between the identified investment traits and indicators of adult intellect, including measures of crystallized intelligence, academic performance (e.g., grade point average), college entry tests, and acquired knowledge. A meta-analysis of 112 studies with 236 coefficients and an overall sample of 60,097 participants indicated that investment traits were mostly positively associated with adult intellect markers. Meta-analytic coefficients ranged considerably, from 0 to .58, with an average estimate of .30. We concluded that investment traits are overall positively related to adult intellect; the strength of investment-intellect associations differs across trait scales and markers of intellect; and investment traits have a diverse, multifaceted nature. The meta-analysis also identified areas of inquiry that are currently lacking in empirical research. Limitations, implications, and future directions are discussed. 2013 APA, all rights reserved

  5. Identifying ecosystem service hotspots for targeting land degradation neutrality investments in south-eastern Africa

    NARCIS (Netherlands)

    Willemen, Louise; Crossman, Neville D.; Quatrini, Simone; Egoh, Benis; Kalaba, Felix K.; Mbilinyi, Boniface; Groot, de Dolf

    2017-01-01

    Land degradation response actions need motivated stakeholders and investments to improve land management. In this study we present methods to prioritise locations for degradation mitigation investments based on stakeholder preferences for ecosystem services. We combine participatory and spatial

  6. Investing in Youth: Latvia

    Science.gov (United States)

    OECD Publishing, 2015

    2015-01-01

    The series Investing in Youth builds on the expertise of the Organisation for Economic Cooperation and Development (OECD) on youth employment, social support and skills. It covers both OECD countries and countries in the process of accession to the OECD, as well as some emerging economies. This report provides a detailed diagnosis of the youth…

  7. Investing in Youth: Lithuania

    Science.gov (United States)

    OECD Publishing, 2016

    2016-01-01

    The series Investing in Youth builds on the expertise of the Organisation for Economic Cooperation and Development (OECD) on youth employment, social support and skills. It covers both OECD countries and countries in the process of accession to the OECD, as well as some emerging economies. The present report on Lithuania is the fourth of a new…

  8. Investment Project Efficiency Evaluation

    OpenAIRE

    Miljenko Crnjac; Dominika Crnjac

    2006-01-01

    Financial efficiency of investment project is being evaluated in this paper. It is showed that the net present value function is constant and that quota value is equal to c0 when i converges to the infinite. Optimal rates i are analyzed in certain cases and everything is illustrated through examples.

  9. Evaluating Animal Health Investments

    NARCIS (Netherlands)

    Rushton, J.; Raboisson, D.; Velthuis, A.G.J.; Bergevoet, R.H.M.

    2012-01-01

    Economic evaluation of livestock diseases can either estimate their impact in terms of disease losses and treatment costs or it can examine the value of investments in coordinated disease control or eradication programmes. The latter evaluations can be ex ante and ex post and are useful in

  10. Inflation Protected Investment Strategies

    Directory of Open Access Journals (Sweden)

    Mirco Mahlstedt

    2016-03-01

    Full Text Available In this paper, a dynamic inflation-protected investment strategy is presented, which is based on traditional asset classes and Markov-switching models. Different stock market, as well as inflation regimes are identified, and within those regimes, the inflation hedging potential of stocks, bonds, real estate, commodities and gold are investigated. Within each regime, we determine optimal investment portfolios driven by the investment idea of protection from losses due to changing inflation if inflation is rising or high, but decoupling the performance from inflation if inflation is low. The results clearly indicate that these asset classes behave differently in different stock market and inflation regimes. Whereas in the long-run, we agree with the general opinion in the literature that stocks and bonds are a suitable hedge against inflation, we observe for short time horizons that the hedging potential of each asset class, especially of real estate and commodities, depend strongly on the state of the current market environment. Thus, our approach provides a possible explanation for different statements in the literature regarding the inflation hedging properties of these asset classes. A dynamic inflation-protected investment strategy is developed, which combines inflation protection and upside potential. This strategy outperforms standard buy-and-hold strategies, as well as the well-known 1 N -portfolio.

  11. Investing in Youth: Brazil

    Science.gov (United States)

    OECD Publishing, 2014

    2014-01-01

    The series Investing in Youth builds on the expertise of the Organisation for Economic Cooperation and Development (OECD) on youth employment, social support and skills. It covers both OECD countries and countries in the process of accession to the OECD, as well as some emerging economies. This report provides a detailed diagnosis of the youth…

  12. Beyond the Investment Narrative

    Science.gov (United States)

    Moss, Peter

    2013-01-01

    The current policy interest in early childhood education and care is driven by an investment narrative, a story of quality and high returns emerging from a dominant neoliberal political economy. This short note expresses deep reservations about this narrative, and hints at another narrative that foregrounds democracy, experimentation and…

  13. Investing in Diamonds

    NARCIS (Netherlands)

    Renneboog, Luc

    2015-01-01

    This paper examines the risk-return characteristics of investment grade gems (white diamonds, colored diamonds and other types of gems including sapphires, rubies, and emeralds). The transactions are coming from gem auctions and span the period 1999-2012. Over our time frame, the annual nominal USD

  14. THE INVESTMENT IN HUMAN CAPITAL – MORE THAN AN IDEA IN PRESENT AND FUTURE REALITIES

    Directory of Open Access Journals (Sweden)

    BUTA SIMONA

    2014-07-01

    In countries, there is a consensus, that parts of the level of government investment include also the need for investment in educational services, governments undoubtedly playing a central role in directing the formation and development of human capital. We need to invest in human capital, doubly so as that the investment in education is a profitable one, the rate of capitalization of the investment in education ranging from 5-30%, according to OECD statistics.

  15. Return on Investment for Workplace Training: The Canadian Experience

    Science.gov (United States)

    Percival, Jennifer C.; Cozzarin, Brian P.; Formaneck, Steven D.

    2013-01-01

    One of the central problems in managing technological change and maintaining a competitive advantage in business is improving the skills of the workforce through investment in human capital and a variety of training practices. This paper explores the evidence on the impact of training investment on productivity in 14 Canadian industries from 1999…

  16. Can European socio-economic governance be social investment proof

    NARCIS (Netherlands)

    Bekker, Sonja

    2017-01-01

    Chapter on the European Semester in the a book "The Uses of Social Investment", which provides the first study of the welfare state, under the new post-crisis austerity context and associated crisis management politics, to take stock of the limits and potential of social investment. It surveys the

  17. 48 CFR 1615.470-1 - Investment income clause.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Investment income clause. 1615.470-1 Section 1615.470-1 Federal Acquisition Regulations System OFFICE OF PERSONNEL MANAGEMENT... CONTRACTING BY NEGOTIATION Contract Pricing 1615.470-1 Investment income clause. The clause set forth in 1652...

  18. IMPROVING THE QUALITY OF INVESTMENT DESIGN IN INDUSTRIAL CONSTRUCTION

    Directory of Open Access Journals (Sweden)

    I. M. Meylanov

    2017-01-01

    Full Text Available Objectives. The development of a set of practical measures in order to improve the quality of investment design in industrial construction.Methods. The basis of research comprises a project management methodology as well as methods for logical and statistical analysis of decisionmaking in investment activities.Results. A mechanism of inclusion of industrial construction objects into the Federal targeted investment programme is revealed. The sequence of the state expert evaluation of investment projects is determined, which optimises the design solutions aimed at minimising their estimated cost if the investment is made with the involvement of the Federal budget. Qualitative and quantitative criteria are systematised for the integrated assessment of the effectiveness of investment fund usage sent to industrial construction objects.Conclusion. The consistent implementation of the state investment policy is aimed at developing the scientific-technological and scientific-industrial potential of industrial construction by providing favourable conditions for effective innovation activity, selecting rational investment strategies and priority projects aimed at solving urgent problems of improving the competitiveness of construction. Successful implementation of the state investment policy in industrial construction largely depends on the effectiveness of investment design, starting from the accuracy of the formulation of the investment plan (idea, in which the interests of all participants in investment activities are concentrated and taken into account, and to the development of an agreed set of actions to complete the project. A unified register covering the data on the cost and results of investment projects is proposed to be created with the purpose of facilitating decision-making in the process of allocation of the Federal budget funds, planning of state capital investments and approval of project documentation for new industrial construction

  19. GLOBAL TRENDS OF ALTERNATIVE INVESTMENTS

    Directory of Open Access Journals (Sweden)

    Ivan LUCHIAN

    2016-08-01

    Full Text Available An alternative investment is an investment product other than the traditional investments of stocks, bonds, cash, or property. The term is a relatively loose one and includes tangible assets such as art, wine, antiques, coins, or stamps and some financial assets such as commodities, hedge funds, venture capital,and others. At the moment it was created a global industry opportunities for making investments in nontraditional form. The aim of this paper consists in demonstrating the possibilities of these investments. For this have been studied related main international markets, a fter then deducted world dominant trends. This article is concerned to present some details of alternative investments global market.

  20. Financial Investing Made for Women: The Economic and Psychological Reasons Why Women Invest Differently Than Men

    Directory of Open Access Journals (Sweden)

    Carolina M. Reece

    2013-07-01

    Full Text Available Financial Investing is becoming not only a way to plan for a future source of retirement, but also a method to control a personal financial situation without having to rely on government aid or family member support to survive during the elderly years. Today, individuals cannot depend on social security being available in the future for financial support. It is especially vital for women to become more interested in making long-term investments that will provide a secure and effective approach to money management and financial planning. However, as various studies have concluded, women are less interested than men in managing their finances due to various economic and psychological reasons related to risk aversion, sociopolitical and biological factors, and income. This study reviews previous research findings related to the relationship between women and investments, as well as several economic and psychological reasons behind the gender gap on financial investing are presented. Surveys were used to identify the main reasons for women’s tendency to rely less on financial investments. It was found that women who had some source of financial investment showed confidence in the stock market, as well as in their financial decisions. These results contradict some of the findings shown in previous research.

  1. SHORT COMMUNICATION: Lost investment returns from the ...

    African Journals Online (AJOL)

    receiving country ranged from about US$ 433,493 to US$46 million at interest rates 7% and 25%, respectively. Quantitative assessments of the estimated loss in investment allows for informed policy discussions and decisions.. Keywords: brain drain, Malawi, medical training, medical education, migration. Tanzania Health ...

  2. German crowd-investing platforms: Literature review and survey

    Directory of Open Access Journals (Sweden)

    David Grundy

    2016-12-01

    Full Text Available This article presents a comprehensive overview of the current German crowd-investing market drawing on a data-set of 31 crowd-investing platforms including the analysis of 265 completed projects. While crowd-investing market still only represents a niche in the German venture capital market, there is potential for an increase in both market volume and in average project investment. The market share is distributed among a few crowd-investing platforms with high entry barriers for new platforms although platforms that specialise in certain sectors have managed to successfully enter the market. German crowd-investing platforms are found to promote mainly internet-based enterprises (36% followed by projects in real estate (24% and green projects (19%, with the median money raised 100,000 euro.

  3. Analog Circuit Design Low Voltage Low Power; Short Range Wireless Front-Ends; Power Management and DC-DC

    CERN Document Server

    Roermund, Arthur; Baschirotto, Andrea

    2012-01-01

    The book contains the contribution of 18 tutorials of the 20th workshop on Advances in Analog Circuit Design.  Each part discusses a specific to-date topic on new and valuable design ideas in the area of analog circuit design. Each part is presented by six experts in that field and state of the art information is shared and overviewed. This book is number 20 in this successful series of Analog Circuit Design, providing valuable information and excellent overviews of Low-Voltage Low-Power Data Converters - Chaired by Prof. Anderea Baschirotto, University of Milan-Bicocca Short Range Wireless Front-Ends - Chaired by Prof. Arthur van Roermund, Eindhoven University of Technology Power management and DC-DC - Chaired by Prof. M. Steyaert, Katholieke University Leuven Analog Circuit Design is an essential reference source for analog circuit designers and researchers wishing to keep abreast with the latest development in the field. The tutorial coverage also makes it suitable for use in an advanced design.

  4. Optimising investment performance through international diversification

    Directory of Open Access Journals (Sweden)

    J. Swart

    2014-01-01

    Full Text Available International portfolio diversification is often advocated as a way of enhancing portfolio performance particularly through the reduction of portfolio risk. Portfolio managers in Europe have for decades routinely invested a substantial portion of their portfolios in securities that were issued in other countries. During the last decade US investors have held a significant amount of foreign securities with over a trillion dollars invested in foreign assets by 1994. South African institutions have been allowed some freedom to diversify internationally since mid 1995 and individual investors since July 1997. In this paper the potential diversification benefits for South African investors are considered. The stability over time of the correlation structure is investigated and simple ex-ante investment strategies are formulated and evaluated.

  5. Managing Intermountain rangelands - improvement of range and wildlife habitats: proceedings; 1981 September 15-17; Twin Falls, ID; 1982 June 22-24; Elko, NV

    Science.gov (United States)

    Stephen B. Monsen; Nancy Shaw

    1983-01-01

    The proceedings summarizes recent research and existing literature pertaining to the restoration and management of game and livestock ranges in the Intermountain Region. Improved plant materials and planting practices are emphasized. The series of 28 papers was presented at the Restoration of Range and Wildlife Habitat Training Sessions held in Twin Falls, Idaho,...

  6. Socially Responsible Investing

    DEFF Research Database (Denmark)

    Parisi, Cristiana; Stang, Andreas

    This paper analyzes the Scandinavian market for Socially Responsible Investing (SRI) mutual funds in order to determine the returns from discriminatory investment decision compared to the return from conventional portfolios. The analysis is conducted on 642 Scandinavian equity mutual funds....... The methodology adopts the Sharpe ratio to establish the risk return relationship. Moreover, the Capital Asset Pricing Model (CAPM) and the Fama and French Three Factor model are used to test the hypotheses. The results indicate the underperformance of Swedish and Danish SRI funds relative to their conventional...... counterparts. In the case of Norway no statistical difference in return is found when conducting the three factor regression. The Scandinavian market is considered particularly relevant for the interest of the investors in SRI mutual funds. However, to the authors’ knowledge, this is the first study to present...

  7. Modeling Sustainment Investment

    Science.gov (United States)

    2015-05-01

    BASIS. CARNEGIE MELLON UNIVERSITY MAKES NO WARRANTIES OF ANY KIND, EITHER EXPRESSED OR IMPLIED, AS TO ANY MATTER INCLUDING, BUT NOT LIMITED TO, WARRANTY...WARRANTY OF ANY KIND WITH RESPECT TO FREEDOM FROM PATENT, TRADEMARK, OR COPYRIGHT INFRINGEMENT . This material has been approved for public release...forecast the consequences of various alternatives? Sustainment Investment: the Problem Operations Supplying the fleet, customer support, etc

  8. Investment Plans and Stock Returns

    OpenAIRE

    Owen Lamont

    1999-01-01

    Capital expenditure plans at the beginning of the year, from a US government survey of firms, explain more than three quarters of the variation in real annual aggregate investment growth between 1948 and 1993. The negative correlation of contemporaneous investment and stock returns is explained by the negative correlation of planned investment and subsequent stock returns. Unexpected revisions to aggregate investment (actual minus plan) within a year are essentially unrelated to current stock...

  9. Greenland and Chinese outbound investments

    DEFF Research Database (Denmark)

    Mouyal, Lone Wandahl; Mortensen, Bent Ole Gram; Su, Jingjing

    2017-01-01

    -Government seeks to develop new business sectors and to attract foreign investment, including investments from China, to develop especially its mineral resources. China now is the second largest economy in the world and the outbound investments by Chinese companies presents unprecedented opportunities for both...

  10. Range management affects native ungulate populations in Península Valdés, a World Natural Heritage.

    Science.gov (United States)

    Nabte, Marcela J; Marino, Andrea I; Rodríguez, María Victoria; Monjeau, Adrián; Saba, Sergio L

    2013-01-01

    Sheep rearing is the main productive activity in Patagonian rangelands, where guanacos are the only native ungulate. Ranchers perceive a decrease in range carrying capacity as guanaco numbers increase, therefore guanaco conservation within private lands becomes a considerable challenge. This issue is particularly evident in the World Natural Heritage Península Valdés (PV), where there is a need to harmonize livestock production and biodiversity conservation. While sheep rearing prevails as the primary land use in the area, some ecotourism initiatives have been implemented to complement livestock production. In order to study how land use affected guanaco distribution, we characterized PV's ranches in terms of land subdivision, primary productivity, stocking-rate and management type, and assess how these variables affected guanaco encounter rates. Smaller ranches were composed of smaller paddocks (mean size 4.8 km(2)), which showed higher values of the remote-sensing derived Enhance Vegetation Index (EVI) (mean 0.14) and held higher sheep densities (mean 108.0 sheep/km(2)), while larger management units (mean size 23.8 km(2)), showed lower EVI values (mean 0.12) and lower stocking-rates (mean 36.7 sheep/km(2)). This pattern suggests that primary productivity has been a decisive factor to determine the minimal paddock size set by ranchers in PV, apparently precluding excessive land-subdivision in less productive areas. Guanaco encounter rate, expressed as number of guanacos per travelled kilometre, was inversely related to EVI and stocking-rate. However, land subdivision was the better predictor of guanaco encounter-rate within only sheep ranches, finding more guanacos per kilometre as paddock size increased. In contrast, in ranches where ecotourism was implemented as a complementary activity, guanaco encounter-rates were greater, regardless of paddock size. Our results suggest that the implementation of an additional activity by which landowners derive benefits

  11. Value investing or investing in illiquidity? The profitability of contrarian investment strategies, revisited

    National Research Council Canada - National Science Library

    Gottesman, Aron A; Jacoby, Gady; Li, Huijing

    2017-01-01

     We investigate whether the success of contrarian investment strategies can be attributed to differences in the relative illiquidity of stocks categorized as value investments versus those categorized...

  12. QUANTITATIVE FUNDAMENTALS VALUE INVESTING AND SYSTEMATIC FACTOR INSULATION INNOVATIONS

    OpenAIRE

    NAWAN NAVEED BUTT

    2015-01-01

    Passive indexation through the use of Exchange Traded Funds (ETF) is a highly popular strategy world-wide which helps investment managers diversify their risk profiles and long the market for certain segments of their portfolio while maintaining little tracking error. We want to introduce the advantages of rules based investing which can be implemented and packaged as ETFs and provide managers with returns that are easier to explain, such as indexation, but offer greater return upside and con...

  13. The Mutual Investments in Romania - Current Developments and Trends

    Directory of Open Access Journals (Sweden)

    Florina Oana VIRLANUTA

    2013-03-01

    Full Text Available Mutual fund industry in Romania has undergone significant growth in recent years in the number of investors and the net assets managed, but still very small compared to other European countries. Capital market development in Romania, the emergence of new investment instruments provides a greater variety of mutual funds investments. Managers decide on the structure of the portfolio by selecting categories of assets in accordance with the rules set out in the Prospectus and according to the degree of risk. In this paper we propose to realize an analysis of mutual investments system in Romania, the progress and their efficiency.

  14. CONCEPTUAL APPROACHES TO FORMING MECHANISM OF INVESTMENT SAFETY REALIZATION

    Directory of Open Access Journals (Sweden)

    Vladimir Talover

    2016-11-01

    realizing investment safety are determined on the basis of the suggested concept. Criteria assessment of the national economy investment safety should include assessment of: ratio of the national and foreign investments; assurance of the enlarged recreation; level of economy restructuring and re-equipping; level of accumulated resources; level of financing scientific-technical sphere. Low level of investment safety is explained by the lack of wide range of investment objects and imperfection of investment mechanisms, as well as the lack of developed investment market. Practical implications. The suggested conceptual statements concerning formation of the mechanism of realizing investment safety determine unity in the system of economic interests and participants of the investment sphere, as well as solving collisions that appear between them. The priority directions of the state policy in assuring investment safety should become the following: creating favourable macroeconomic and entrepreneurial environment, promoting development of business, protecting owners and strengthening efficiency and transparency of the use of state finances. Value/originality. The suggested conceptual principles of forming efficient mechanism of investment safety give the reason for forming an appropriate system of indicators and allow determining prospects and threads to the investment safety level in the real time.

  15. Exploring women’s perceptions regarding successful investment planning practices

    Directory of Open Access Journals (Sweden)

    Elmarie Venter

    2017-08-01

    Aim: Therefore, the primary objective of this research was to investigate the factors that influence women’s perceived successful investment planning in the Nelson Mandela Bay area. After conducting a comprehensive literature study, six factors (independent variables, namely, values, attitudes, time horizon, personal life cycle, risks and returns, and investment knowledge, were identified as influencing the perceived successful investment planning (dependent variable of women. Setting: As this study focussed on the perceptions of women concerning the factors that influence successful investment planning, the target population was all women in the Nelson Mandela Bay area older than 20 years with some investment experience. Methods: A quantitative research methodology was followed, and data were collected from 207 women using a structured self-administered questionnaire. Results: The results of the multiple regression analysis revealed that only one independent variable emerged as having a significant influence on perceived successful investment planning of women, namely, investment knowledge. Conclusion: Based on the empirical results of this study, several recommendations have been made in an attempt to assist women to make more informed investment decisions and manage their investment planning more effectively as they progress through life.

  16. Investment determinants of young and old Portuguese SMEs: A quantile approach

    Directory of Open Access Journals (Sweden)

    Sílvia Mendes

    2014-10-01

    Full Text Available Considering two samples of Portuguese SMEs: 582 young SMEs and 1654 old SMEs, using the two-step estimation method and quantile regressions, the empirical evidence allows us to conclude that the determinants of investment have a different impact on young and old SMEs, depending on a firm’ level of investment. In the framework of Acceleration Principle and Neoclassical Theories, the determinants are relevant in explaining the investment of young and old SMEs with high levels of investment. The Growth Domestic Product, as the investment determinant of Acceleration Principle Theory, has a greater impact on the investment of young SMEs with high levels of investment. Sales, as the investment determinant of Neoclassical Theory, have greater impact on the investment of old SMEs with high levels of investment. Cash flow, as the investment determinant of Free Cash Flow Theory, is important in explaining the investment of young and old SMEs with low levels of investment. However, cash flow has greater impact on the investment of young SMEs with low levels of investment. The empirical evidence obtained allows us to make suggestions for policy-makers and the owners/managers of Portuguese SMEs.

  17. Employee Perception of the Impact of Information Technology Investment in Organisations: a survey of the hotel industry

    Directory of Open Access Journals (Sweden)

    Bruce Lo

    2000-05-01

    Full Text Available To improve their operational efficiency and to maintain their competitiveness in the market place many organisations continue to invest substantially in their Information Technology (IT capability. But how do the employees themselves view the impact and the value of IT investment? This paper considers this question in the context of the hospitality industry. More specifically, it investigates the different perception of hotel employees on the impact of organisational IT investment on (a IT usage by employees, (b employee satisfaction with the IT systems, (c changes in the level of employee performance, and (d organisational performance of the hotel. 945 hotel employees in Bali, Indonesia were surveyed to assess their perception of the organisational impact of IT. Factor analysis, analysis of variance and regression analysis were performed on the data to examine the' range of employee viewpoints. Results showed that there were significant differences among the employees' perception with respect to age, educational level, position in the hotel, and individual income. These findings suggest that even senior management may regard the investment in IT is worthwhile, there may be a divergence of opinion among the employees as to what are the real benefits of IT. In order to fully leverage the potential of their IT investment, managers should pay particular attention to shaping the views of the employees who ultimately determine whether the IT capabilities in an organisation are put to use.

  18. VALUATION AND INVESTMENT PROFESSION

    Directory of Open Access Journals (Sweden)

    Lidija Dedi

    2013-06-01

    Full Text Available Investment professionals, particularly financial analysts or security analysts evaluate securities and try to determine characteristics of securities and to identify mispriced securities. For that purpose they use different models to estimate the intrinsic value of the common stocks. Traditional valuation models based on the present value of future cash flows are affected by estimated growth rate of the variable used and by the investor’s required rate of return. These models can be used for valuing fixed income securities, such as bonds and preferred stocks. However, in valuing companies with significant growth opportunities they have to expand traditional analysis with option valuation.

  19. Adaptation investments and homeownership

    DEFF Research Database (Denmark)

    Hansen, Jørgen Drud; Skak, Morten

    2008-01-01

    This article develops a model where ownership improves efficiency of the housing market as it enhances the utility of housing consumption for some consumers. The model is based on an extended Hotelling-Lancaster utility approach in which the ideal variant of housing is obtainable only by adapting...... the home through a supplementary investment. Ownership offers low costs of adaptation, but has high contract costs compared with renting. Consumers simultaneously decide housing demand and tenure, and because of the different cost structure only consumers with strong preferences for individual adaptation...

  20. Adaptation investments and homeownership

    DEFF Research Database (Denmark)

    Hansen, Jørgen Drud; Skak, Morten

    2008-01-01

    This article develops a model where ownership improves the efficiency of the housing market as it enhances the utility of housing consumption for some consumers. The model is based on an extended Hotelling-Lancaster utility approach in which the ideal variant of housing is obtainable only...... by adapting the home through a supplementary investment. Ownership offers low costs of adaptation, but has high contract costs compared with renting. Consumers simultaneously choose housing demand and tenure, and because of the different cost structure only consumers with strong preferences for individual...

  1. 77 FR 66375 - Federal Agricultural Mortgage Corporation Funding and Fiscal Affairs; Farmer Mac Investment...

    Science.gov (United States)

    2012-11-05

    ... allocations and investment portfolio strategies do not expose its capital or earnings to excessive risk of... and the fair market value of its whole investment portfolio. In doing so, Farmer Mac must also... in place to manage its non-program investment portfolio safely and soundly with appropriate...

  2. 17 CFR 270.17f-5 - Custody of investment company assets outside the United States.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Custody of investment company....17f-5 Custody of investment company assets outside the United States. (a) Definitions. For purposes of... investments. (3) Foreign Custody Manager means a Fund's or a Registered Canadian Fund's board of directors or...

  3. Evaluation of the Impact of EISA Federal Project Investments

    Energy Technology Data Exchange (ETDEWEB)

    Judd, Kathleen S.; Wendel, Emily M.; Morris, Scott L.; Williamson, Jennifer L.; Halverson, Mark A.; Livingston, Olga V.; Loper, Susan A.

    2012-12-31

    The DOE's Federal Energy Management Program has been charged by Office of Management and Budget to conduct an evaluation on actual and verifiable energy savings and carbon emissions reductions from federal energy management investments made across the Federal government as a result of the Energy Independence and Security Act of 2007. This study presents the findings from that evaluation.

  4. CAIA level I an introduction to core topics in alternative investments

    CERN Document Server

    Anson, Mark J P; CAIA Association; Black, Keith H; Kazemi, Hossein

    2012-01-01

    The official study text for the Level I Chartered Alternative Investment Analyst (CAIA) exam The Chartered Alternative Investment Analyst (CAIA) designation is the financial industry's first and only globally recognized program that prepares professionals to deal with the ever-growing field of alternative investments. The second edition of CAIA Level I: An Introduction to Core Topics in Alternative Investments contains comprehensive insights on the alternative investment issues a potential Level I candidate would need to know about as they prepare for the exam. The information found here will help you build a solid foundation in alternative investment markets--with coverage of everything from the characteristics of various strategies within each alternative asset class to portfolio management concepts central to alternative investments. * Uses investment analytics to examine each alternative asset class * Examines quantitative techniques used by investment professionals * Addresses the unique attributes a...

  5. Evaluation of differences in percentage of international normalized ratios in range between pharmacist-led and physician-led anticoagulation management services.

    Science.gov (United States)

    Gupta, Vasudha; Kogut, Stephen J; Thompson, Sarah

    2015-06-01

    The safety and efficacy of warfarin depend on maintaining the international normalized ratio (INR) in an established range. The purpose was to determine whether a coordinated pharmacist-led approach improved percentage of INRs in therapeutic range in comparison to a physician-led anticoagulation management service (AMS). A retrospective chart review was conducted for patients at a multisite primary care organization. INR data for patients receiving warfarin management by a physician were collected from December 1, 2009 to May 31, 2010. These were compared to INR results from December 1, 2010 to May 31, 2011, during which patients received warfarin management from a pharmacist. The primary end points were percentage of INRs within a goal range of 2.0 to 3.0 and an expanded goal range of 1.8 to 3.2 for the physician-led group versus the pharmacist-led group. The percentage of INR results within the goal range (2.0-3.0) was greater among patients in the pharmacist-led group (n = .130) than the physician-led group (n = 96; 57.5% vs 50.0%, respectively; P = .0004). The percentage of INR results 3.5 (11.4% vs 7.1%) was also statistically significant in favor of the pharmacist-led AMS, with P values of .03 and .0004, respectively. A pharmacist-led AMS improved the percentage of INRs in range, with significantly less out-of-range results. © The Author(s) 2013.

  6. The Good Investment.

    Science.gov (United States)

    Prescott, John E; Fresne, Julie A; Youngclaus, James A

    2017-07-01

    The authors reflect on the article in this issue entitled "Borrow or Serve? An Economic Analysis of Options for Financing a Medical School Education" by Marcu and colleagues, which makes a compelling case that a medical school education is a good investment, no matter what financing option students use, from federal service programs to federal loans. The lead author of this Commentary shares lessons learned from his own medical school education, which was funded by an Armed Forces Health Professions Scholarship, and from his current position interacting with medical students across the United States.Regardless of the financing path they choose, all students should understand basic financial concepts and the details of the various pathways that are available to pay for their medical school education, as well as how each could potentially impact their own future and that of their families. One underappreciated aspect of financing a medical school education is that federal repayment scenarios can link loan payments to income, rather than debt levels, which means that all physicians are able to afford their loan payments no matter what specialty they practice, what they are paid, or where they live.Medical education, while expensive, remains the good investment. An MD degree can lead to a lifetime of personal fulfillment and societal contributions. Everyone, with rare exceptions, accepted to a U.S. medical school will be able to finance their medical education via a path that aligns with their personal values and priorities.

  7. Offshore Investment Funds

    Directory of Open Access Journals (Sweden)

    Shang-Jin Wei

    1999-12-01

    Full Text Available Offshore investment funds are alleged to have engaged in trading behavior that is different from their onshore counterparts because they may be subject to less supervision and regulation. In particular, they may trade more intensely. They could also pursue more aggressively certain trading strategies such as positive feedback trading or herding that could contribute to a greater volatility in the market. Using a unique data set, this chapter compares the trading behavior in the Korean stock market between offshore investment funds with their onshore counterparts registered in the US and UK. There are a number of interesting findings. First, there is indeed evidence suggesting that the offshore funds trade more intensely than their onshore counterparts. Second, however, there is no evidence that the offshore funds engage in positive feedback trading. In contrast, there is strong evidence that the funds from the U.S. and U.K. do. Third, while offshore funds do herd, they do so far less than onshore funds in the U.S. or UK. Fourth, offshore funds hold less glamour stocks (e.g. stocks with high P/E in their portfolio than funds in the U.S. or U.K. do. Moreover, flight to glamour stocks during the in-crisis period is less evident in the case of offshore funds. In sum, offshore funds are no especially worrisome monsters.

  8. 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.

  9. Multilateral negotiations in foreign investment

    Directory of Open Access Journals (Sweden)

    David Orlando Ruiz Castro

    2016-04-01

    Full Text Available Direct foreign investment is one of the most important economic variables in the world. Aspects related to international investment agreements are reaching an outstanding place in economic international diplomacy. Nowadays, in the multilateral level there is not an agreement regarding investment and therefore this study is focused on this particular type of agreement. In order to reach this objective this study shows, first of all, how different attempts have been developed to get a multicultural a agreement regarding investment, and to refuse the general opinion that says that exponential growth of foreign investment flows in recent years has given impulse to launch a multilateral investment agreement. Secondly, this study discusses about regulations related to foreign investment under current WTO regulations, such as investment, measure agreements, and service agreement. Then, it analyzes what has happened inside the WTO from the creation of the investment team at the Singapore Conference to the failed Conference in Cancun. Finally, it analyzes the main arguments against the multilateral agreement and the effects of future possible multilateral negotiations in investment and it ends with some recommendations and conclusions.

  10. Ranking independent timber investments by alternative investment criteria

    Science.gov (United States)

    Thomas J. Mills; Gary E. Dixon

    1982-01-01

    A sample of 231 independent timber investments were ranked by internal rate of return, present net worth per acre and the benefit cost ratio—the last two discounted by 3, 6.4. 7.5. and 10 percent—to determine if the different criteria had a practical influence on timber investment ranking. The samples in this study were drawn from a group of timber investments...

  11. 13 CFR 301.4 - Investment rates.

    Science.gov (United States)

    2010-01-01

    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Investment rates. 301.4 Section... ELIGIBILITY, INVESTMENT RATE AND PROPOSAL AND APPLICATION REQUIREMENTS Investment Rates and Matching Share Requirements § 301.4 Investment rates. (a) Minimum Investment Rate. There is no minimum Investment Rate for a...

  12. A sequential approach in mathematical programming to include spatial aspects of biodiversity in long range forest management planning

    OpenAIRE

    von Kerkvoorde, Michiel

    1996-01-01

    In the discussion about forest management the maintenance of biodiversity is coming more and more to the fore. Like 120 other countries, Sweden committed itself to a sustainable use of for­ ests at the convention of Rio de Janeiro. Sweden has a long tradition of forest management fo­ cusing on woodproduction. This implies that almost all the forest land is managed and that the area of natural forests is very small. The maintenance of biodiversity should therefor not be lim...

  13. The Stock Market, Profit and Investment

    OpenAIRE

    Olivier Blanchard; Changyong Rhee; Lawrence Summers

    1990-01-01

    Should managers, when making investment decisions, follow the signals given by the stock market even if those do not coincide with their own assessments of fundamental value? This paper reviews the theoretical arguments and examines the empirical evidence, constructing and using a new US time series of data on the q ratio from 1900 to 1988. We decompose q - - the ratio of the market value of corporate capital to its replacement cost - - into the product of two terms, reflecting "fundamentals"...

  14. Optimal investment with fixed refinancing costs

    OpenAIRE

    Jason G. Cummins; Ingmar Nyman

    2001-01-01

    Case studies show that corporate managers seek financial independence to avoid interference by outside financiers. We incorporate this financial xenophobia as a fixed cost in a simple dynamic model of financing and investment. To avoid refinancing in the future, the firm alters its behavior depending on the extent of its financial xenophobia and the realization of a revenue shock. With a sufficiently adverse shock, the firm holds no liquidity. Otherwise, the firm precautionarily saves and hol...

  15. Diversified Investments, Market Returns and Low Transaction Costs: Which is the Best Combination of these Factors?

    Directory of Open Access Journals (Sweden)

    Jose M. Ventura

    2000-08-01

    Full Text Available The article presents a way to build a diversified portfolio at a cost lower than what most investment service firms and advisors can provide through active fund management. The investment strategy presented consists of selecting the Index that is appropriate for the investment aims and investing the portfolio based on the mix of different indexes that reflect the investor's goal. Since index investing by definition does not select any other security than the one in the index and has to be purchased in the proportion reflected in the index, stock selection is straightforward and management fees are at a low level or even beat the minimum, if competition works.

  16. Hydrogeomorphic Evaluation of Ecosystem Restoration and Management Options for : Wetland areas of the National Bison Range Complex, Montana

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — This report provides an evaluation of ecosystem restoration and management options for the U.S. Fish and Wildlife Service (USFWS) Pablo National Wildlife Refuge...

  17. Theoretical foundations of information security investment security companies

    Directory of Open Access Journals (Sweden)

    G.V. Berlyak

    2015-03-01

    Full Text Available Methodological problems related to the lack of guidance in the provisions (standards of accounting on the reflection in the accounting and financial reporting of the research object. In this connection, it is proposed to amend the provisions (standards of accounting. This will allow to come to the consistency of accounting methods of operations with elements of investment activity. Based on analysis of the information needs of users suggested indicators identikativnye blocks (block corporate finance unit assess the relationship with financial institutions, block the fulfillment of obligations according to the calculations, the investment unit, a science and innovation, investment security and developed forms of internal accounting controls and improvements to existing forms financial statements for the investment activities of the enterprise. Using enterprise data reporting forms provide timely and reliable information on the identity and structure of investment security and enable the company to effectively plan and develop personnel policies for enterprise management.

  18. Long-term avian research at the San Joaquin Experimental Range: recommendations for monitoring and managing oak woodlands

    Science.gov (United States)

    Kathryn L. Purcell

    2011-01-01

    Experimental forests and ranges are living laboratories that provide opportunities for conducting scientific research and transferring research results to partners and stakeholders. They are invaluable for their long-term data and capacity to foster collaborative, interdisciplinary research. The San Joaquin Experimental Range (SJER) was established to develop...

  19. Stock Liquidity and Investment Efficiency

    OpenAIRE

    HEIDI HOOI KHUAN QUAH

    2017-01-01

    This PhD study investigates the implications of stock liquidity on firm investments efficiency. The study finds that high stock liquidity has a positive impact on investment efficiency and shows that the beneficial effect of stock liquidity on investment efficiency is stronger among firms with higher information asymmetry and higher monitoring institutional investors. These findings suggest that high stock liquidity plays important informational and governance roles in mitigating information ...

  20. Investments in random environments

    Science.gov (United States)

    Navarro-Barrientos, Jesús Emeterio; Cantero-Álvarez, Rubén; Matias Rodrigues, João F.; Schweitzer, Frank

    2008-03-01

    We present analytical investigations of a multiplicative stochastic process that models a simple investor dynamics in a random environment. The dynamics of the investor's budget, x(t) , depends on the stochasticity of the return on investment, r(t) , for which different model assumptions are discussed. The fat-tail distribution of the budget is investigated and compared with theoretical predictions. We are mainly interested in the most probable value xmp of the budget that reaches a constant value over time. Based on an analytical investigation of the dynamics, we are able to predict xmpstat . We find a scaling law that relates the most probable value to the characteristic parameters describing the stochastic process. Our analytical results are confirmed by stochastic computer simulations that show a very good agreement with the predictions.

  1. Parental Investments in Children

    DEFF Research Database (Denmark)

    Bonke, Jens; Esping-Andersen, Gösta

    This study examines parental time investment in their children, distinguishing between developmental and non-developmental care. Our analyses centre on three influential determinants: educational background, marital homogamy, and spouses’ relative bargaining power. We find that the emphasis...... on quality care time is correlated with parents’ education, and that marital homogamy reduces couple specialization, but only among the highly educated. In line with earlier research, we identify gendered parental behaviour. The presence of boys is an important condition for fathers’ time dedication......, but primarily among lower educated fathers. To the extent that parental stimulation is decisive for child outcomes, our findings suggest the persistence of important inequalities. This emerges through our special attention to behavioural differences across the educational distribution among households....

  2. Socially responsible investments

    CERN Multimedia

    Antonella Del Rosso

    2012-01-01

    In addition to well-established working principles based on conservative and capital preservation oriented investments that ensure it a sustainable future, the CERN Pension Fund recently introduced a new criterion for selecting the numerous opportunities that the market offers: philanthropy. Its first initiative, which also involves the Staff Association’s Long-Term Collection, will help support two orphanages in China.   The two charities are located near Beijing. Beijing’s “China Children Charity and Foundation” is an orphanage that cares for up to 80 babies who need surgery to correct birth defects. The other, “Hope Healing Home”, is an organization that deals with 300 babies and cares for sick and physically disabled babies who have been abandoned. All these babies are awaiting treatment and a medical solution. The CERN Pension Fund has over 6700 members. To ensure the greatest efficiency and profitability, the Fund’s por...

  3. Home in the heat: Dramatic seasonal variation in home range of desert golden eagles informs management for renewable energy development

    Science.gov (United States)

    Braham, Melissa; Miller, Tricia A.; Duerr, Adam E.; Lanzone, Michael; Fesnock, Amy; LaPre, Larry; Driscoll, Daniel; Katzner, Todd E.

    2015-01-01

    Renewable energy is expanding quickly with sometimes dramatic impacts to species and ecosystems. To understand the degree to which sensitive species may be impacted by renewable energy projects, it is informative to know how much space individuals use and how that space may overlap with planned development. We used global positioning system–global system for mobile communications (GPS-GSM) telemetry to measure year-round movements of golden eagles (Aquila chrysaetos) from the Mojave Desert of California, USA. We estimated monthly space use with adaptive local convex hulls to identify the temporal and spatial scales at which eagles may encounter renewable energy projects in the Desert Renewable Energy Conservation Plan area. Mean size of home ranges was lowest and least variable from November through January and greatest in February–March and May–August. These monthly home range patterns coincided with seasonal variation in breeding ecology, habitat associations, and temperature. The expanded home ranges in hot summer months included movements to cooler, prey-dense, mountainous areas characterized by forest, grasslands, and scrublands. Breeding-season home ranges (October–May) included more lowland semi-desert and rock vegetation. Overlap of eagle home ranges and focus areas for renewable energy development was greatest when eagle home ranges were smallest, during the breeding season. Golden eagles in the Mojave Desert used more space and a wider range of habitat types than expected and renewable energy projects could affect a larger section of the regional population than was previously thought.

  4. Online Energy Management of Plug-In Hybrid Electric Vehicles for Prolongation of All-Electric Range Based on Dynamic Programming

    Directory of Open Access Journals (Sweden)

    Zeyu Chen

    2015-01-01

    Full Text Available The employed energy management strategy plays an important role in energy saving performance and exhausted emission reduction of plug-in hybrid electric vehicles (HEVs. An application of dynamic programming for optimization of power allocation is implemented in this paper with certain driving cycle and a limited driving range. Considering the DP algorithm can barely be used in real-time control because of its huge computational task and the dependence on a priori driving cycle, several online useful control rules are established based on the offline optimization results of DP. With the above efforts, an online energy management strategy is proposed finally. The presented energy management strategy concerns the prolongation of all-electric driving range as well as the energy saving performance. A simulation study is deployed to evaluate the control performance of the proposed energy management approach. All-electric range of the plug-in HEV can be prolonged by up to 2.86% for a certain driving condition. The energy saving performance is relative to the driving distance. The presented energy management strategy brings a little higher energy cost when driving distance is short, but for a long driving distance, it can reduce the energy consumption by up to 5.77% compared to the traditional CD-CS strategy.

  5. Engaging western landowners in climate change mitigation: a guide to carbon-oriented forest and range management and carbon market opportunities

    Science.gov (United States)

    David D. Diaz; Susan Charnley; Hannah. Gosnell

    2009-01-01

    There are opportunities for forest owners and ranchers to participate in emerging carbon markets and contribute to climate change mitigation through carbon oriented forest and range management activities. These activities often promote sutainable forestry and ranching and broader conservation goals while having the potential to provide a new income stream for...

  6. [The relationship between trust in risk management and anxiety about risk: analyses based on a range of risks].

    Science.gov (United States)

    Nakayachi, Kazuya

    2011-12-01

    The present research investigated the relationship between public anxiety about a variety of risks and trust in the management of each risk. Adults (N = 2,200) were selected from the residents' basic registers using a stratified two-step random sampling method. Of this sample, 1,192 (54.2%) rated their anxiety toward 51 kinds of risks and their trust in the management of each risk. Six-point scales were utilized for their ratings. The results demonstrated that the more the risk management was trusted, the less the risk was of concern. The basic statistics for the trust ratings are provided for the discussion of societal risk governance. The implications and limitations of the present findings are discussed.

  7. The role of silviculture in the active management of riparian zone vegetation in the Oregon Coast Range: a partnership between researchers and managers

    Science.gov (United States)

    Samuel S. Chan; Margaret David Bailey; Daniel Karnes; Robert Metzger; Walter W., Jr. Kastner

    1997-01-01

    Riparian plant communities are extremely diverse. Their structure and composition can affect fish and wildlife habitat, while trees and associated vegetation can provide sustainable sources of forest products. Management of riparian vegetation can greatly affect these values. Little information exists however, about the consequences of actively managing riparians to...

  8. Guidelines for integrating socially responsible investment in the investment process

    NARCIS (Netherlands)

    de Graaf, F.J.; Slager, A.

    2009-01-01

    Socially Responsible Investment (SRI) is of growing importance for institutional investors. Our analysis shows that SRI strategies can be grouped in ethically-based, investment-driven and value-ensuring objectives. We demonstrate that this categorization strengthens decisionmaking in SRI. Based on

  9. Investment Horizon to Investment Decision and Mean Reversion: Indonesian Perspective

    Directory of Open Access Journals (Sweden)

    Eddy Junarsin

    2008-01-01

    The main findings of this study are as follows: (1 it is significantly proved that Indonesian investors are inclined to assume higher portfolio risk in the longer investment horizon than that in the shorter investment horizon; (2 it is very interesting to see that on average, the investors are inclined to increase their allocation in the risk-free asset in the longer investment horizon although the difference between the risk-free asset holding in the short investment horizon and that in the long investment horizon is not significant; (3 the framing effect significantly influences the investment decisions, both in short investment horizon and in long investment horizon; (4 there is a tendency for the respondents to show a willingness to assume higher portfolio risk when they received the questionnaires that provided the historical five-year returns on the first page; (5 investors predict an asset gaining 50 percent in the first year to continuously gain in the next four years while expecting an asset losing 25 percent in the first year to continuously loss in the next four years.

  10. Foreign Direct Investment in Central and Eastern Europe

    DEFF Research Database (Denmark)

    Marinov, Marin Alexandrov; Marinova, Svetla Trifonova

    The region of Central and Eastern Europe (CEE) has been undergoing crucial changes in its transition from centrally planned to market oriented economy. As a result, the business climate in the region is changing rapidly, allowing free access to foreign businesses to establish or acquire production...... facilities there. These processes result in intensive penetration of companies through foreign direct investment into the CEE region. Simultaneously, the foreign investing companies face the specific context of a region that poses new requirements to their investment strategies, approaches and practices....... Covering a diverse range of CEE countries, as well as referring to the characteristics of the region as a whole, this book examines the inflow and outflow of foreign direct investment from both home and host company and country perspectives. By analyzing foreign direct investment in terms of process...

  11. The Financing of Social Investments: Prospects and Risks

    Directory of Open Access Journals (Sweden)

    Bagmet Kseniia V.

    2017-03-01

    Full Text Available The article analyzes the innovative types of financing the social investments and explores the key risks arising in the course of their practical implementation in the context of the domestic economy. The major differences in the interpretation of the concepts of «social investments» and «socially responsible investing» have been defined and characterized. The basic characteristics common to the social investment have been substantiated. Types of social investments, their advantages and disadvantages has been considered in the context of implementation of the conception of functioning of the social State. It has been found that using the innovative types of financing will expand the range of social services and attract businesses to the financial support of social projects. Prospect for further research will be determining the economic impact of implementing the socially oriented innovative projects within terms of the State.

  12. Commercial launch systems: A risky investment?

    Science.gov (United States)

    Dupnick, Edwin; Skratt, John

    1996-03-01

    A myriad of evolutionary paths connect the current state of government-dominated space launch operations to true commercial access to space. Every potential path requires the investment of private capital sufficient to fund the commercial venture with a perceived risk/return ratio acceptable to the investors. What is the private sector willing to invest? Does government participation reduce financial risk? How viable is a commercial launch system without government participation and support? We examine the interplay between various forms of government participation in commercial launch system development, alternative launch system designs, life cycle cost estimates, and typical industry risk aversion levels. The boundaries of this n-dimensional envelope are examined with an ECON-developed business financial model which provides for the parametric assessment and interaction of SSTO design variables (including various operational scenarios with financial variables including debt/equity assumptions, and commercial enterprise burden rates on various functions. We overlay this structure with observations from previous ECON research which characterize financial risk aversion levels for selected industrial sectors in terms of acceptable initial lump-sum investments, cumulative investments, probability of failure, payback periods, and ROI. The financial model allows the construction of parametric tradeoffs based on ranges of variables which can be said to actually encompass the ``true'' cost of operations and determine what level of ``true'' costs can be tolerated by private capitalization.

  13. Exa mining The Measurement Methods of Investment Properties of Real Estate Investment Trusts According to Turkish Accounting Standard 40: Investment Properties Standard

    Directory of Open Access Journals (Sweden)

    Emine Çına Bal

    2015-03-01

    Full Text Available Recently, the real estate industry has developed rapidly in Turkey. As an investment tool,investment in real estate became essential. Within the framework of the Capital Markets Law, organized by the Capital Markets Board of Turkey real estate investment trusts, real estate, real estate-based projects, and real estate capital market instruments by investing in a portfolio management company operating in the specific type. In this study, measurement methods of investment properties after recogn 31 real estate investment trust companies that traded in Borsa Istanbul is analyzed in order to examine the effect of policy selection on return on equity, return on asset and market to book value ratio of the companies’ financial statements and disclosures by using the nonparametric test of Mann-Whitney U Test. Non-consolidated financial statements and disclosures for 2013 of 21 real estate investment trust companies is included to the examination. Results of the test that is individually applied for each ratio show that the effect of policy selection on the ratios is statistically insignificant.

  14. Controlled-risk foreign investment strategy can boost yields.

    Science.gov (United States)

    Simms, R A

    2000-06-01

    Healthcare organizations that have invested in the U.S. stock market have enjoyed high returns in recent years. After such a performance, many investment managers see little reason to investigate overseas markets, believing that the U.S. market will continue to be profitable and economic uncertainties make overseas markets too risky. However, in 1999, markets in Europe, Australia, and the Far East outperformed the S&P 500 for the first time in five years. In addition, signs such as mounting price/earnings ratios may indicate that the U.S. stock market will be less profitable than it has been in recent years. Consequently, investment managers should revisit the idea of international investing.

  15. INVESTMENT FOR ENVIRONMENTAL PROTECTION IN THE EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    POPEANGĂ VASILE

    2014-08-01

    Full Text Available Investment decision can be regarded as one of the most important decisions taken by the management company. By the correct foundation of investment decisions depend the market position of the company, increasing its market share and gain a competitive advantage over competitors. Investments for environmental protection brings together all available money-makers, private and mixed distribute to finance activities and actions aimed at the prevention, reduction and elimination of pollution and other forms of environmental degradation resulting from production processes or consumption of goods and services.

  16. Investment in Green Technologies

    Science.gov (United States)

    Das Gupta, Supratim

    Since the middle of the 1970's, there has been considerable research about how to deal with exhaustible natural resources which are essential to production. In the absence of substitution possibilities, the finite stock of these resources acts as a limiting factor to continued growth of output and hence consumption possibilities. In our first chapter, we combine a finite natural resource and human capital in the production function and look at the possibility of maintaining a non-declining or sustainable level of consumption for an infinite horizon. Our results show that the return to human capital accumulation plays a key role in ensuring this objective. In our model without physical capital, we obtain a similar result where this return must be such that the fraction of time devoted to acquiring human capital each period is at least as much as the share of natural resources in output. Our second chapter focuses on the transition from a relatively cheap exhaustible natural resource (coal, gasoline) to an expensive alternative technology assumed to be in nearly unlimited supply (wind, solar). Due to significant cost differences between fossil-fuel based energy sources and these alternative (backstop) technologies, their use is not as widespread. Public subsidies to research can however bring about innovation through cheaper production techniques which would significantly reduce the operating costs of these backstop technologies. But without sufficient incentives for investment and patent protections, individual firms typically underinvest in backstop technologies relative to the socially optimal level. In our paper, we find that this underinvestment in the backstop also leads to an under-extraction of the exhaustible natural resource. This imply firms would conserve the natural resource for too long and switch later to the alternative technology relative to the socially optimal solution. We extend the chapter to include pollution as a flow variable. Pollution from

  17. Performance Evaluation of Investment (Mutual Funds

    Directory of Open Access Journals (Sweden)

    Povilas Vyšniauskas

    2014-12-01

    Full Text Available The efficiency of an investment fund is one of the main components in evaluating the performance of the fund. This study seeks for introducing and comparing risk and performance evaluation ratios. The paper is aimed at testing the worked out ratios and at distinguishing between the best ones for the purpose of evaluating the performance of Lithuanian mutual funds. Scientific studies show that a standard deviation, alpha, beta, Sharpe and Treynor ratios are mostly employed for identifying the performance of mutual funds that are also compared with their benchmark index to establish if these funds are outperformed and if is it worth paying management fees to investment banks for managing mutual funds. Historical data were selected for the period from 2012-01-02 to 2013-10-15 analysing the prices of monthly funds. The paper points out the areas of a practical application of the proposed model for investment fund valuation, which may not only provide valuable outcomes for practitioners but also may inspire further research on this article.

  18. Subsidized Capacity Investment under Uncertainty

    NARCIS (Netherlands)

    Wen, Xingang; Hagspiel, V.; Kort, Peter

    2017-01-01

    This paper studies how the subsidy support, e.g. price support and reimbursed investment cost support, affects the investment decision of a monopoly firm under uncertainty and analyzes the implications for social welfare. The analytical results show that the unconditional, i.e., subsidy support that

  19. Optimal Investment in Structured Bonds

    DEFF Research Database (Denmark)

    Jessen, Pernille; Jørgensen, Peter Løchte

    The paper examines the role of structured bonds in the optimal portfolio of a small retail investor. We consider the typical structured bond essentially repacking an exotic option and a zero coupon bond, i.e. an investment with portfolio insurance. The optimal portfolio is found when the investment...

  20. Strategic Capacity Investment Under uncertainty

    NARCIS (Netherlands)

    Huisman, K.J.M.; Kort, P.M.

    2013-01-01

    Abstract: This paper considers investment decisions within an uncertain dynamic and competitive framework. Each investment decision involves to determine the timing and the capacity level. In this way we extend the main bulk of the real options theory where the capacity level is given. We consider a

  1. Public investment and intergenerational distribution

    NARCIS (Netherlands)

    Heijdra, BJ; Meijdam, L

    We study the effects of public investment in a dynamic overlapping-generations model of a small open economy. Boosting public investment stimulates private capital formation, output, and wages in the long run. The impact effects depend critically on whether public capital is modelled as a stock or

  2. Foreign Investment Boosts Rural Economies.

    Science.gov (United States)

    Glasmeier, Amy; Glickman, Norman

    1990-01-01

    Through 1987, 10 percent of foreign investment was in nonmetro counties; 44 percent of this was in the South; and 38 percent of nonmetro foreign investment created new jobs (versus 17 percent in metro areas). Foreign investors chose nonmetro areas with low wages, lack of unionization history, good transportation access, and government incentives.…

  3. Professional investor psychology and investment performance: evidence from mutual funds

    OpenAIRE

    Eshraghi, Arman

    2012-01-01

    In the seven decades following the Investment Company Act of 1940 coming into force in the United States, the mutual fund industry has undergone dramatic changes including, some argue, a transition from stewardship to salesmanship with asset-gathering becoming the industry’s driving force. As fund managers incrementally assumed a more pronounced role in the investment fund industry, an emerging strand of finance literature focused on their characteristics and their potential im...

  4. Implications of home-range estimation in the management of red-cockaded woodpeckers in South Carolina

    Science.gov (United States)

    Kathleen E. Franzreb

    2006-01-01

    I undertook a behavioral study to determine red-cockaded woodpecker (Picoides borealis) home-range size at the Savannah River Site, South Carolina, USA. In this location, because much of the timber was harvested in the late 1940s and early 1950s, the available habitat largely consisted of younger trees (e.g., less than 45 years old), not generally...

  5. Watershed management problems and opportunities for the Colorado Front Range ponderosa pine zone: The status of our knowledge

    Science.gov (United States)

    Howard L. Gary

    1975-01-01

    The east flank of the Continental Divide consists largely of open timber stands and grasslands. Soils erode easily after abuse. Precipitation ranges from 15 to 20 inches, about two-thirds from high-intensity storms from April to September. Guidelines are provided for maintaining satisfactorv watershed conditions. The 3- to 5-inch water yields are comparatively small in...

  6. Public investment versus private investment: The case of Zambia

    Directory of Open Access Journals (Sweden)

    Garikai Makuyana

    2014-05-01

    Full Text Available This paper highlights the growth dynamics of public and private investment in Zambia from 1964 to 2011. The evolution of the two components of investment in Zambia has been a product of market intervention and market-based policies. Initially, after its independence in 1964, the perpetuated market economy limited public investment growth to the basic infrastructural provision – for the first three years. However, the 1967 Mulungushi and the 1968 Matero nationalisation programmes brought about rapid expansion in public investment, especially from the early 1970s to the late 1980s. The market-based reforms that have been implemented in Zambia from 1991 have promoted private investment leadership – thereby, allowing public investment growth in economic activities that have complemented the private sector growth. Although private investment has grown to a position of economic dominance in Zambia, like many developing countries, the country still faces some challenges. These include inadequate and poor infrastructure, the high cost of human capital, cumbersome administrative procedures, and the high cost of financial capital.

  7. Smart-Grid Investments, Regulation and Organization

    DEFF Research Database (Denmark)

    Agrell, Per J.; Bogetoft, Peter

    Worldwide, but in particular in North America and Europe, the grid infrastructure managers are facing demands for reinvestments in new assets with higher on-grid and off-grid functionality in order to promote energy efficiency and low-carbon conversion of the energy sector. To meet societal policy...... objectives in terms of carbon dioxide emissions, both the composition of the generators in favor of distributed energy resources (DER) and the load, promoting integration with downstream energy useage, will change. In this paper, we chararcterize some of the effects of new asset investments policy...... of task separation. To provide guidance, we present a model of investment provision under regulation between a distribution system operator (DSO) and a potential investor-generation. The results from the model confirm the hypothesis thatnetwork regulation should find a focal point, should integrate...

  8. Chinese investments in the EU

    Directory of Open Access Journals (Sweden)

    Haico EBBERS

    2010-12-01

    Full Text Available China’s investments in the European Union are much lower than what you may expect given the economic size of both entities. These relatively low investments in Europe are a combination of priority and obstacles. The priority for investments is clearly in Asia, Africa and Latin America. This regional pattern is heavily influenced by the need to solve the resource shortage in the medium and long term. The investments in Europe and the United States are mostly market seeking investments. Research specifically focused on Chinese M&A abroad comes to the same conclusion. The success rate of Chinese M&A abroad is much lower than what we see with respect to American or European investments abroad. In this paper, we examine why Chinese firms are facing more difficulties in the European Union than in other regions. The paper focuses on Chinese M&A as proxy for total foreign direct investments abroad. By looking at the factors that have been documented as influencing the level of M&A abroad, it becomes clear that Chinese firms in Europe are hindered by many factors. For example, the trade between China and the EU is relatively low, the institutional quality is lower compared to the United States, there is less experience with respect to Europe and relatively many deals relate to State Owned Enterprises (SOE which makes the deal sensitive. So it is logical that Chinese investments are not very high in Europe. However, the research makes clear that the obstacles for Chinese investments in Europe are disappearing step by step. In that sense, we expect a strong increase of Chinese investments in Europe in the future.

  9. Considering barriers to investment in South Africa

    Directory of Open Access Journals (Sweden)

    KB Afful

    2014-10-01

    Full Text Available This paper examines the effect of South Africa’s economic fundamentals on net direct investment and net portfolio investment. The results suggest that the main determinants of investment in South Africa are resource prices, input productivity and the economic performance of the domestic economy. The results illustrate that net direct investment and net portfolio investment are close but not perfect substitutes. In addition, we find that an increase in labour input costs reduces both net direct investment and net portfolio investment. Further, an increase in fixed capital productivity increases net direct investment. Further, also the results illustrate that subsidies increase both net direct investment and net portfolio investment. Moreover, an increase in exports increases both net direct investment and net portfolio investment. Policy recommendations are thus proposed that may increase foreign direct investment in South Africa.

  10. Climate change, uncertainty and investment in flood risk reduction

    NARCIS (Netherlands)

    Pol, van der T.D.

    2015-01-01

    Economic analysis of flood risk management strategies has become more complex due to climate change. This thesis investigates the impact of climate change on investment in flood risk reduction, and applies optimisation methods to support identification of optimal flood risk management strategies.

  11. 47 CFR 69.309 - Other investment.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 3 2010-10-01 2010-10-01 false Other investment. 69.309 Section 69.309... Apportionment of Net Investment § 69.309 Other investment. Investment that is not apportioned pursuant to §§ 69... category and access elements in the same proportions as the combined investment that is apportioned...

  12. 12 CFR 24.4 - Investment limits.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Investment limits. 24.4 Section 24.4 Banks and... ENTITIES, COMMUNITY DEVELOPMENT PROJECTS, AND OTHER PUBLIC WELFARE INVESTMENTS § 24.4 Investment limits. (a) Limits on aggregate outstanding investments. A national bank's aggregate outstanding investments under...

  13. 47 CFR 69.302 - Net investment.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 3 2010-10-01 2010-10-01 false Net investment. 69.302 Section 69.302... Apportionment of Net Investment § 69.302 Net investment. (a) Investment in Accounts 2001, 1220 and Class B Rural...) Investment in Accounts 2002, 2003 and to the extent such inclusions are allowed by this Commission, Account...

  14. Barriers to household investment in residential energy conservation: preliminary assessment

    Energy Technology Data Exchange (ETDEWEB)

    Hoffman, W.L.

    1982-12-01

    A general assessment of the range of barriers which impede household investments in weatherization and other energy efficiency improvements for their homes is provided. The relationship of similar factors to households' interest in receiving a free energy audits examined. Rates of return that underly household investments in major conservation improvements are assessed. A special analysis of household knowledge of economically attractive investments is provided that compares high payback improvements specified by the energy audit with the list of needed or desirable conservation improvements identified by respondents. (LEW)

  15. FACTORS OF DIRECT FOREIGN INVESTMENTS INVOLVEMENT INTO RUSSIAN REGIONS

    Directory of Open Access Journals (Sweden)

    D.V. Nesterova

    2005-12-01

    Full Text Available The factors of direct foreign investments involvement into Russian regions are analyzed, and the classification of groups of factors forming regional comparable advantages in the process of direct foreign investments involvement is worked out in the article: economical indicators, the level of physical infrastructure development, the level of regional institutional development, regional economic policy, regional openness for the external economic relations, geographical peculiarities of the region. Ranging of factors of direct foreign investments involvement is conducted on the base of econometrical research, the recommendations for working out of economic policy on the foreign capital income to the Russian economy stimulation are given in the article.

  16. Modeling Control Strategies and Range Impacts for Electric Vehicle Integrated Thermal Management Systems with MATLAB/Simulink

    Energy Technology Data Exchange (ETDEWEB)

    Titov, Gene; Lustbader, Jason Aaron

    2017-03-28

    The National Renewable Energy Laboratory's (NREL's) CoolSim MATLAB/Simulink modeling framework was used to explore control strategies for an electric vehicle combined loop system. Three system variants of increased complexity and efficiency were explored: a glycol-based positive temperature coefficient heater (PTC), PTC with power electronics and electric motor (PEEM) waste heat recovery, and PTC with PEEM waste heat recovery plus heat pump versions. Additionally, the benefit of electric motor preheating was considered. A two-level control strategy was developed where the mode selection and component control were treated separately. Only the parameters typically available by vehicle sensors were used to control the system. The control approach included a mode selection algorithm and controllers for the compressor speed, cabin blower flow rate, coolant flow rate, and the front-end heat exchanger coolant bypass rate. The electric motor was bypassed by the cooling circuit until its temperature exceeded the coolant inlet temperature. The impact of these thermal systems on electric vehicle range during warmup was simulated for the Urban Dynamometer Driving Schedule (UDDS) and Highway Fuel Economy Test (HWFET2X) drive cycles weighted 45%/55% respectively. A range of ambient temperatures from -20 degrees C to +20 degrees C was considered. NREL's Future Automotive Systems Technology Simulator (FASTSim) vehicle modeling tool showed up to a 10.9% improvement in range for the full system over the baseline during warmup from cold soak. The full system with preheat showed up to 17% improvement in range.

  17. Criteria of return on investment in nuclear energy

    Directory of Open Access Journals (Sweden)

    V.V. Kharitonov

    2017-09-01

    The investment risk assessment results obtained by Monte-Carlo method are presented in order to account for the inherent uncertainties in the forecasts of long-term cash flow during the NPP construction and operation required for assessing the efficiency of investments. The calculation results of probability distributions of the investment efficiency (profitability criteria are presented for the specified ranges of uncertainties the forecasted cash flow. It is shown that the risk of project unprofitability can be quite high. In order to reduce investment risks, it is necessary to justify the changes in basic reactor parameters (decrease in K, Y, TC and increase in R and TE and uncertainty ranges in the initial data.

  18. Investment financing in cooperative firms

    Directory of Open Access Journals (Sweden)

    Gaetano Cuomo

    2015-04-01

    Full Text Available By general agreement, one of the main obstacles to the growth of producer cooperatives is difficult investment financing, due to inadequate Capitalisation levels and the resulting inability to lodge sufficient collateral with lenders. Moreover, worker-owned firms are considered not very reliable because they suffer from problems of moral hazard and insufficient commitment. Unfortunately, the literature on this issue is not extensive and has weaknesses that are highlighted in the paper. By means of its critical analysis, it is possible to provide evidence that the funding difficulties caused by the particular structure of cooperative firms can be effectively tackled by creating an institutional framework within which cooperatives would be offered a wider range of organizational options comparable to those open to traditional enterprises. Finally, it is proved that the willingness of the members to fund the operations of their cooperative with loan capital may not be enough to mobilize external credit. For member financings to persuade potential providers of funds to place trust in a firm, third-party claims must necessarily qualify as senior debt and be repaid before the claims of the partners are settled.

  19. The role of repeated end-range/pain response assessment in the management of symptomatic lumbar discs.

    Science.gov (United States)

    Wetzel, F Todd; Donelson, Ronald

    2003-01-01

    The selection of appropriate patients for lumbar disc surgery is a challenging task involving a highly variable, multifactorial decision process complicated by a lack of reliable, validated clinical signs and imaging findings. Recently, multiple studies have demonstrated the reliability and diagnostic utility of a standardized form of spinal assessment using repeated end-range test movements while monitoring patterns of pain response (McKenzie assessment). It is the aim of this article to evaluate the utility of this assessment system and its literature support in the selection of candidates for surgery for disc-related pain. A literature review. Most patients under consideration for lumbar disc surgery, when examined using this form of dynamic mechanical spinal evaluation, based on patients' patterns of pain response to standardized repeated end-range lumbar test movements and positions, fall into one of three subgroups: 1) a reversible condition, 2) an irreversible condition or 3) an unaffected condition. Reversible conditions in acute to chronic low back and/or leg pain are recoverable, often rapidly so, using nonoperative self-care dictated by the patient's assessment findings. The elicitation of pain "centralization," an improvement (favorable change) in pain location in response to repetitive end-range testing, typically occurring with only one direction of test movement(s), predicts a high likelihood of successful response to conservative care, even in the presence of neurologic deficits. Irreversible conditions are characterized by symptom aggravation by all directions of testing, including the absence of the centralization response, predicting a poor response to nonsurgical care. In those whose pain is unaffected with similar testing, evidence indicates the pain is likely nondiscogenic. A dynamic disc model has been described as a possible model for these varying pain responses. Insight into annular integrity of symptomatic discs is also provided using

  20. The influence of the European Union on the Range of Employees’ Management participation in the Companies from Poland

    Directory of Open Access Journals (Sweden)

    Roman Śmietański

    2015-01-01

    Full Text Available Acknowledging the accession, and as a result, joining the European Union in May 2004 required Poland to make a number of changes, including a number that related to labor rights. These changes were partially based on resolving legal barriers in Polish law in order to bring them into compliance with the European Union's law. These efforts are reflected in the laws related to the so-called employee participation. Generally speaking, this is the right of workers to co-manage and be consulted in the activities of the enterprise for which they work. The most important provisions in this regard (those which Poland had to implement in the past few years are, among others, the directives on the development of the European Works Councils and on the right of workers to establish councils of workers within their company. When the European Parliament and the Council of the European Union established the directives which referred to employee participation, it was the result of the promotion of social dialogue between representatives of management and representatives of workers (which is a particular goal of the EU community and its member states. Unfortunately, in Poland these rights are not honored for the majority of employees.

  1. Game Analysis on Influence Mechanism of Equity Incentive on R&D Investments

    OpenAIRE

    Cao Wen; Li Yuewen

    2014-01-01

    A game model between shareholders and manager is built to analyze influence mechanism of equity incentive on R&D investments based on principal-agent theory. Research shows that there are inverted U-shaped relationships between equity incentive and R&D investments, the modest equity should be gave for stimulate manager.

  2. Baseline reference range for trace metal concentrations in whole blood of wild and managed West Indian Manatees (Trichechus manatus) in Florida and Belize

    Science.gov (United States)

    Takeuchi, Noel Y.; Walsh, Michael T; Bonde, Robert K.; Powell, James A.; Bass, Dean A.; Gaspard, Joseph C.; Barber, David S.

    2016-01-01

    The West Indian manatee (Trichechus manatus) is exposed to a number of anthropogenic influences, including metals, as they inhabit shallow waters with close proximity to shore. While maintaining homeostasis of many metals is crucial for health, there is currently no baseline reference range that can be used to make clinical and environmental decisions for this endangered species. In this study, whole blood samples from 151 manatees were collected during health assessments performed in Florida and Belize from 2008 through 2011. Whole blood samples (n = 37) from managed care facilities in Florida and Belize from 2009 through 2011 were also used in this study. The concentrations of 17 metals in whole blood were determined, and the data were used to derive a baseline reference range. Impacts of capture location, age, and sex on whole blood metal concentrations were examined. Location and age were related to copper concentrations as values were significantly higher in habitats near urban areas and in calves. Copper may also be a husbandry concern as concentrations were significantly higher in managed manatees (1.17 ± 0.04 ppm) than wild manatees (0.73 ± 0.02 ppm). Zinc (11.20 ± 0.30 ppm) was of special interest as normal concentrations were two to five times higher than other marine mammal species. Arsenic concentrations were higher in Belize (0.43 ± 0.07 ppm), with Placencia Lagoon having twice the concentration of Belize City and Southern Lagoon. Selenium concentrations were lower (0.18 ± 0.09 ppm) than in other marine mammal species. The lowest selenium concentrations were observed in rehabilitating and managed manatees which may warrant additional monitoring in managed care facilities. The established preliminary baseline reference range can be used by clinicians, biologists, and managers to monitor the health of West Indian manatees.

  3. Investment appraisal of technology innovations on dairy farm electricity consumption.

    Science.gov (United States)

    Upton, J; Murphy, M; De Boer, I J M; Groot Koerkamp, P W G; Berentsen, P B M; Shalloo, L

    2015-02-01

    The aim of this study was to conduct an investment appraisal for milk-cooling, water-heating, and milk-harvesting technologies on a range of farm sizes in 2 different electricity-pricing environments. This was achieved by using a model for electricity consumption on dairy farms. The model simulated the effect of 6 technology investment scenarios on the electricity consumption and electricity costs of the 3 largest electricity-consuming systems within the dairy farm (i.e., milk-cooling, water-heating, and milking machine systems). The technology investment scenarios were direct expansion milk-cooling, ice bank milk-cooling, milk precooling, solar water-heating, and variable speed drive vacuum pump-milking systems. A dairy farm profitability calculator was combined with the electricity consumption model to assess the effect of each investment scenario on the total discounted net income over a 10-yr period subsequent to the investment taking place. Included in the calculation were the initial investments, which were depreciated to zero over the 10-yr period. The return on additional investment for 5 investment scenarios compared with a base scenario was computed as the investment appraisal metric. The results of this study showed that the highest return on investment figures were realized by using a direct expansion milk-cooling system with precooling of milk to 15°C with water before milk entry to the storage tank, heating water with an electrical water-heating system, and using standard vacuum pump control on the milking system. Return on investment figures did not exceed the suggested hurdle rate of 10% for any of the ice bank scenarios, making the ice bank system reliant on a grant aid framework to reduce the initial capital investment and improve the return on investment. The solar water-heating and variable speed drive vacuum pump scenarios failed to produce positive return on investment figures on any of the 3 farm sizes considered on either the day and night

  4. Debt Covenant Renegotiation and Investment

    DEFF Research Database (Denmark)

    Arnold, Marc; Westermann, Ramona

    This paper analyzes the impact of debt covenant renegotiation outside corporate distress on firms. We study a structural model of a levered firm that can renegotiate debt both at investment and in corporate distress. Covenant renegotiation at investment reduces the agency cost of debt because...... it induces a firm value maximizing investment financing policy and mitigates the overinvestment problem. Incorporating renegotiation outside corporate distress is crucial to explain empirical occurrence patterns of debt renegotiation, the impact of debt renegotiation on corporate securities, and the relation...

  5. Whose crazy investment in sex?

    Science.gov (United States)

    Mandlis, Lane R

    2011-01-01

    By probing the processes of exclusion of transsexuals from the political sphere, this article offers contributions to social and political theory through an examination of the processes of exclusion from the category "human." This article considers how the erasure of investment in their own embodied sex constructs a platform from which to blame others for sex/gender variance, as well as to justify that blaming. Bringing together Giorgio Agamben, Georges Bataille, Judith Butler, and Nikolas Rose with transphobia, medicalization in psychiatry, law, and ethopolitics, this article questions whose investment in sexed embodiment counts and why that investment might be seen as "crazy."

  6. CEO emotional bias and investment decision, Bayesian network method

    Directory of Open Access Journals (Sweden)

    Jarboui Anis

    2012-08-01

    Full Text Available This research examines the determinants of firms’ investment introducing a behavioral perspective that has received little attention in corporate finance literature. The following central hypothesis emerges from a set of recently developed theories: Investment decisions are influenced not only by their fundamentals but also depend on some other factors. One factor is the biasness of any CEO to their investment, biasness depends on the cognition and emotions, because some leaders use them as heuristic for the investment decision instead of fundamentals. This paper shows how CEO emotional bias (optimism, loss aversion and overconfidence affects the investment decisions. The proposed model of this paper uses Bayesian Network Method to examine this relationship. Emotional bias has been measured by means of a questionnaire comprising several items. As for the selected sample, it has been composed of some 100 Tunisian executives. Our results have revealed that the behavioral analysis of investment decision implies leader affected by behavioral biases (optimism, loss aversion, and overconfidence adjusts its investment choices based on their ability to assess alternatives (optimism and overconfidence and risk perception (loss aversion to create of shareholder value and ensure its place at the head of the management team.

  7. Mathematical description of information interaction in investment and construction activities

    Directory of Open Access Journals (Sweden)

    Sborshchikov Sergey Borisovich

    2014-05-01

    Full Text Available For effective management of investment and construction activity (ICA there must be a subsystem responsible for information interaction. The article considers the role of information in ICA, as well as the requirements and objectives of the information systems. Data collection, communication and processing, according to the authors, reflect the system running efficiency. Thanks to information security subsystem there is a possibility of measuring the efficiency of resource use and the relations between inputs and outputs of individual elements throughout investment and construction activities. Requirements of modern economic realities, particularly, investment and construction activities dynamics, should be adjusted to the flow of information: creating new connections, terminating the others. Developing the information management system, its structure and composition require consideration and planning. Development planning and management is closely related to the improvement of information links and upgrading the entire system of information security, its structure and functioning.

  8. 12 CFR 250.410 - Interlocking relationships between bank and its commingled investment account.

    Science.gov (United States)

    2010-01-01

    ... money that might otherwise be handled individually by the bank as managing agent. It was understood... bank would be responsible for managing Account's investments, have custody of its assets, and maintain...

  9. 7 CFR 4290.530 - Restrictions on investments of idle funds by RBICs.

    Science.gov (United States)

    2010-01-01

    ... BUSINESS-COOPERATIVE SERVICE AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE RURAL BUSINESS INVESTMENT COMPANY (âRBICâ) PROGRAM Managing the Operations of a RBIC Cash Management by A Rbic § 4290.530...

  10. Stepwise investment and capacity sizing under uncertainty

    OpenAIRE

    Chronopoulos, Michail; Hagspiel, Verena; Fleten, Stein-Erik

    2016-01-01

    The relationship between uncertainty and managerial flexibility is particularly crucial in addressing capital projects. We consider a firm that can invest in a project in either a single (lumpy investment) or multiple stages (stepwise investment) under price uncertainty and has discretion over not only the time of investment but also the size of the project. We confirm that if the capacity of a project is fixed and the investment premium associated with stepwise investment is positive, then l...

  11. New trends in Ukraine investment attractiveness

    OpenAIRE

    Салабай, Владиcлав Олександрович; Манаєнко, Ірина Миколаївна

    2017-01-01

    The article analyzes the current state of the investment attractiveness of Ukraine. The structure of foreign investments in the national economy. Identified the main problem of attracting foreign investments into national economic, a state of the investment climate in Ukraine by international rating. Analyzed the investment index of the attractiveness by methodic of EBA. The effect of significant global investors on the investment attractiveness of the country, including George Soros. Proved ...

  12. Inconsistent Investment and Consumption Problems

    DEFF Research Database (Denmark)

    Kronborg, Morten Tolver; Steffensen, Mogens

    2015-01-01

    In a traditional Black–Scholes market we develop a verification theorem for a general class of investment and consumption problems where the standard dynamic programming principle does not hold. The theorem is an extension of the standard Hamilton–Jacobi–Bellman equation in the form of a system...... of non-linear differential equations. We derive the optimal investment and consumption strategy for a mean-variance investor without pre-commitment endowed with labor income. In the case of constant risk aversion it turns out that the optimal amount of money to invest in stocks is independent of wealth...... of future labor income net of consumption. Using the verification theorem we give a detailed analysis of this problem. It turns out that the optimal amount of money to invest in stocks is given by a linear function of wealth plus the financial value of future labor income net of consumption. The optimal...

  13. Mudaravila kinnistu arendajaks Alvarelli Invest

    Index Scriptorium Estoniae

    2007-01-01

    Pärnu mudaravila kinnistu 50-aastasest hoonestusõigusest oli huvitatud Andres Tiigi firma Alvarelli Invest. Firma peab 2009. a. suveks vana mudaravila restaureerima ja rajama sellele mere poole juurdeehitise

  14. The Brazilian investment in science and technology

    Directory of Open Access Journals (Sweden)

    Pinheiro-Machado R.

    2001-01-01

    Full Text Available An analysis of Brazilian federal expenditures in science and technology is presented is this study. The 1990-1999 data were compiled from records provided by two federal agencies (MCT and CNPq responsible for managing most of the national budget related to these activities. The results indicate that the federal investments in Brazilian science and technology stagnated during the last decade (US$ 2.32 billion in 1990, US$ 2.39 billion in 1996, and US$ 2.36 billion in 1999. In contrast, a great increase in private investments in research was acknowledged both by industry and by the government during the same period, from US$ 2.12 to US$ 4.64 billion. However, this investment did not result in an increase in invention patents granted to residents (492 in 1990 and only 232 in 1997 or in a reduction of patent costs. Despite this unfavorable scenario, the number of graduate programs in the country has increased two-fold in the last decade and the contribution of Brazilians to the database of the Institute for Scientific Information has increased 4.7-fold from 1990 (2,725 scientific publications to 2000 (12,686 scientific publications. Unstable federal resources for science, together with the poor returns of private resources in terms of developing new technologies, may jeopardize the future of Brazilian technological development.

  15. Range Systems Simulation for the NASA Shuttle: Emphasis on Disaster and Prevention Management During Lift-Off

    Science.gov (United States)

    Rabelo, Lisa; Sepulveda, Jose; Moraga, Reinaldo; Compton, Jeppie; Turner, Robert

    2005-01-01

    This article describes a decision-making system composed of a number of safety and environmental models for the launch phase of a NASA Space Shuttle mission. The components of this distributed simulation environment represent the different systems that must collaborate to establish the Expectation of Casualties (E(sub c)) caused by a failed Space Shuttle launch and subsequent explosion (accidental or instructed) of the spacecraft shortly after liftoff. This decision-making tool employs Space Shuttle reliability models, trajectory models, a blast model, weather dissemination systems, population models, amount and type of toxicants, gas dispersion models, human response functions to toxicants, and a geographical information system. Since one of the important features of this proposed simulation environment is to measure blast, toxic, and debris effects, the clear benefits is that it can help safety managers not only estimate the population at risk, but also to help plan evacuations, make sheltering decisions, establish the resources required to provide aid and comfort, and mitigate damages in case of a disaster.

  16. The place of foreign direct investment in the global economy

    Directory of Open Access Journals (Sweden)

    Tomasz Gutowski

    2011-06-01

    Full Text Available Foreign direct investment (FDI plays an extraordinary and growing role in global business. It can provide a firm with new markets and marketing channels, cheaper production facilities, access to new technology, products, skills and financing. For a host country or the foreign firm which receives the investment, it can provide a source of new technologies, capital, processes, products, organizational technologies and management skills and as such can provide a strong impetus to economic development. The sea change in trade and investment policies and the regulatory environment globally in the past decade, including trade policy and tariff liberalization, easing of restrictions on foreign investment and acquisition in many nations, and the deregulation and privitazation of many industries, has probably been been the most significant catalyst for FDI’s expanded role.

  17. Investment of Social Security reserves in three countries.

    Science.gov (United States)

    Haanes-Olsen, L

    1990-02-01

    The current buildup of the U.S. Social Security Trust Fund has caused speculation about both the potential consequences of the buildup under different policy objectives and the fund's management. As is often the case, the search for precedents under similar circumstances abroad has been quite extensive on the part of legislators and U.S. experts in the field of financial policy. This article summarizes the experiences of Canada, Japan, and Sweden--all of whom have accumulated large trust fund reserves--with a focus on their investment policies. Trust fund investments in the three countries are similar as to types of investments, but the pattern of distribution of these investments varies widely from one country to another.

  18. Financial Reporting Quality, Free Cash Flow, and Investment Efficiency

    Directory of Open Access Journals (Sweden)

    Wang Fusheng

    2015-01-01

    Full Text Available This paper based on the perspective of firm’s agency conflicts to examine the relationship between financial reporting quality and investment efficiency and to analyze the interaction effect between financial reporting and free cash flow on investment efficiency. We use 3,726 samples of Chinese listed firms during the period 2008–2012 to test the empirical models and find that financial reporting quality is negatively associated with both underinvestment and overinvestment. Further, we find that financial reporting quality is more strongly associated with overinvestment for firms with large free cash flow, which suggests that financial reporting quality can reduce information asymmetry arising from agency conflicts between the managers and investors. This paper extends the field of application of financial reporting quality and investment efficiency in the emerging capital markets in the world. Moreover, this is the first study that analyzes the interaction effect between financial reporting quality and free cash flow on investment efficiency.

  19. Spillovers from Foreign Direct Investment

    DEFF Research Database (Denmark)

    Meyer, Klaus E.; Sinani, Evis

    2005-01-01

    The extensive empirical literature analyzing productivity spillovers from foreign direct investment to local firms provides inconclusive results. Some studies find that foreign presence has a positive impact on the productivity of domestic firms, while others find no evidence or a negative effect...... for industrialized countries in the 1990s. Transition economies may experience spillovers, but these have been declining in recent years. Keywords: developing countries, transition economies, spillovers, foreign direct investment, technology transfer, meta-analysis...

  20. Risk Analysis in Investment Appraisal

    OpenAIRE

    Savvides, Savvakis C.

    1994-01-01

    This paper was prepared for the purpose of presenting the methodology and uses of the Monte Carlo simulation technique as applied in the evaluation of investment projects to analyse and assess risk. The first part of the paper highlights the importance of risk analysis in investment appraisal. The second part presents the various stages in the application of the risk analysis process. The third part examines the interpretation of the results generated by a risk analysis application including ...

  1. Foreign Direct Investment For Sale

    OpenAIRE

    Onur Koska

    2009-01-01

    This study examines the choice of a multinational firm between two alternative entry modes, a greenfield investment and a joint venture, under incomplete information. The joint venture partner is selected by an auction, which distinguishes this study from other studies in the literature. A private values auction allows a multinational firm to increase its share of the joint venture profit so that a joint venture is always preferable to greenfield investment. The model also examines the nation...

  2. Investment analysis of Inditex SA

    OpenAIRE

    Slavkovová, Karolína

    2017-01-01

    This bachelors thesis provides Investment analysis of the apparel company Industria de Diseno Textil,Inditex SA. The main objective is to form an investment recommendation based on an assessment whether its stock is overvalued, undervalued or trading at its intrinsic value. To answer this question, I have focused on Fundamental analysis, which is traditionally split into the analysis of global, industrial and firm environment. In the last section,Firm analysis, I have used the valuation model...

  3. Scale determinants of fiscal investment in geological exploration: evidence from China.

    Science.gov (United States)

    Lu, Linna; Lei, Yalin

    2013-01-01

    With the continued growth in demand for mineral resources and China's efforts in increasing investment in geological prospecting, fiscal investment in geological exploration becomes a research hotspot. This paper examines the yearly relationship among fiscal investment in geological exploration of the current term, that of the last term and prices of mining rights over the period 1999-2009. Hines and Catephores' investment acceleration model is applied to describe the scale determinants of fiscal investment in geological exploration which are value-added of mining rights, value of mining rights and fiscal investment in the last term. The results indicate that when value-added of mining rights, value of mining rights or fiscal investment in the last term moves at 1 unit, fiscal investment in the current term will move 0.381, 1.094 or 0.907 units respectively. In order to determine the scale of fiscal investment in geological exploration for the current year, the Chinese government should take fiscal investment in geological exploration for the last year and the capital stock of the previous investments into account. In practice, combination of government fiscal investment in geological exploration with its performance evaluation can create a virtuous circle of capital management mechanism.

  4. Scale determinants of fiscal investment in geological exploration: evidence from China.

    Directory of Open Access Journals (Sweden)

    Linna Lu

    Full Text Available With the continued growth in demand for mineral resources and China's efforts in increasing investment in geological prospecting, fiscal investment in geological exploration becomes a research hotspot. This paper examines the yearly relationship among fiscal investment in geological exploration of the current term, that of the last term and prices of mining rights over the period 1999-2009. Hines and Catephores' investment acceleration model is applied to describe the scale determinants of fiscal investment in geological exploration which are value-added of mining rights, value of mining rights and fiscal investment in the last term. The results indicate that when value-added of mining rights, value of mining rights or fiscal investment in the last term moves at 1 unit, fiscal investment in the current term will move 0.381, 1.094 or 0.907 units respectively. In order to determine the scale of fiscal investment in geological exploration for the current year, the Chinese government should take fiscal investment in geological exploration for the last year and the capital stock of the previous investments into account. In practice, combination of government fiscal investment in geological exploration with its performance evaluation can create a virtuous circle of capital management mechanism.

  5. Modeling regulated water utility investment incentives

    Science.gov (United States)

    Padula, S.; Harou, J. J.

    2014-12-01

    This work attempts to model the infrastructure investment choices of privatized water utilities subject to rate of return and price cap regulation. The goal is to understand how regulation influences water companies' investment decisions such as their desire to engage in transfers with neighbouring companies. We formulate a profit maximization capacity expansion model that finds the schedule of new supply, demand management and transfer schemes that maintain the annual supply-demand balance and maximize a companies' profit under the 2010-15 price control process in England. Regulatory incentives for costs savings are also represented in the model. These include: the CIS scheme for the capital expenditure (capex) and incentive allowance schemes for the operating expenditure (opex) . The profit-maximizing investment program (what to build, when and what size) is compared with the least cost program (social optimum). We apply this formulation to several water companies in South East England to model performance and sensitivity to water network particulars. Results show that if companies' are able to outperform the regulatory assumption on the cost of capital, a capital bias can be generated, due to the fact that the capital expenditure, contrarily to opex, can be remunerated through the companies' regulatory capital value (RCV). The occurrence of the 'capital bias' or its entity depends on the extent to which a company can finance its investments at a rate below the allowed cost of capital. The bias can be reduced by the regulatory penalties for underperformances on the capital expenditure (CIS scheme); Sensitivity analysis can be applied by varying the CIS penalty to see how and to which extent this impacts the capital bias effect. We show how regulatory changes could potentially be devised to partially remove the 'capital bias' effect. Solutions potentially include allowing for incentives on total expenditure rather than separately for capex and opex and allowing

  6. Investment, managerial capacity, and bias in public health preparedness.

    Science.gov (United States)

    Langabeer, James R; DelliFraine, Jami L; Tyson, Sandra; Emert, Jamie M; Herbold, John

    2009-01-01

    Nearly $7 billion has been invested through national cooperative funding since 2002 to strengthen state and local response capacity. Yet, very little outcome evidence exists to analyze funding effectiveness. The objective of this research is to analyze the relationship between investment (funding) and capacity (readiness) for public health preparedness (PHP). The aim of the authors is to use a management framework to evaluate capacity, and to explore the "immediacy bias" impact on investment stability. This study employs a longitudinal study design, incorporating survey research of the entire population of 68 health departments in the state of Texas. The authors assessed the investment-capacity relationship through several statistical methods. The authors created a structural measure of managerial capacity through principal components analysis, factorizing 10 independent variables and augment this with a perceived readiness level reported from PHP managers. The authors then employ analysis of variance, correlation analyses, and other descriptive statistics. There has been a 539 percent coefficient of variation in funding at the local level between the years 2004 and 2008, and a 63 percent reduction in total resources since the peak of funding, using paired sample data. Results suggest that investment is positively associated with readiness and managerial capacity in local health departments. The authors also find that investment was related to greater community collaboration, higher adoption of Incident Command System (ICS) structure, and more frequent operational drills and exercises. Greater investment is associated with higher levels of capacity and readiness. The authors conclude from this that investment should be stabilized and continued, and not be influenced by historical cognitive biases.

  7. AN APPROACH TO THE QUALITY IMPROVEMENT OF A MASSIVE INVESTMENT PROJECT BY INTEGRATING ICT AND QMS

    Directory of Open Access Journals (Sweden)

    Tamara Gvozdenovic

    2007-12-01

    Full Text Available This work has presented an approach to the quality improvement of an investment project by the change in the concept of project management. Building time of the investment project is a complex factor which needs a special attention. It is well known that the PERT method has been applied with long-lasting investment projects, where a big time distance brings about significant uncertainty of future situations. Microsoft Project 2002 and Matlab: Neural Network Toolbox are the software tools used for solving the problem of investment project management.

  8. Dynamic capabilities: the missing link in CRM investments

    OpenAIRE

    Maklan, Stan; Knox, Simon

    2009-01-01

    The purpose of this paper is to illustrate the practical application of dynamic capabilities theory to improve investment decisions in customer relationship management (CRM). Design/methodology/approach – Action research (AR) allows managers to raise the tacit knowledge of their dynamic capabilities to a level where they can be identified and developed. A framework and a process for managing dynamic capabilities in marketing are presented. Findings – The findings relate to t...

  9. The Land-Potential Knowledge System (LandPKS): mobile apps and collaboration for optimizing climate change investments

    Science.gov (United States)

    Massive investments in climate change mitigation and adaptation are projected during coming decades. Many of these investments will seek to modify how land is managed. The return on both types of investments can be increased through an understanding of land potential: the potential of the land to s...

  10. An integration system for investment An integration system for investment turbine blade

    Directory of Open Access Journals (Sweden)

    Jiang Ruisong

    2008-05-01

    Full Text Available An integration system was developed to satisfy the need of information integration in the process of designing, investment casting and monitoring aero-engine’s turbo blade. The general architecture is detailed presented in this paper. The system mainly comprises of product master model, design information management, anti-deformation design of mould cavity, intelligence mould design and blade testing. The developed system can manage mould design and blade test data fl ow, optimize mould design process and achieve the goal of integration design.

  11. Alternative Investment Funds Implications for Financial Stability in Lithuania

    Directory of Open Access Journals (Sweden)

    Gytis Jarašius

    2014-12-01

    Full Text Available The rapid growth of the AIF assets under management and increasing relative share of these assets in the overall investment fund assets, indicate that AIF successfully established their position in the Lithuanian investment funds market. Due to the specific investment activity AIF are different from other investment funds, they also could be associated with additional threats to the economy and financial system. Private equity and real estate funds invest in the real sector and their impact on the financial system are more indirect, through linkages to the financial market participants. Hedge funds are actively involved in the capital markets, therefore they might have not only indirect but also direct impact on the financial system due to the use of leverage, derivatives or potential occur of crowded trades. Research results has shown that due to the still relatively small volumes of assets under management and high engagement in foreign capital markets (especially hedge funds case, AIF connections with other financial market participants are very low. AIF do not use excess leverage and trading in derivatives is not widespread – only hedge funds use such financial instruments. The high pairwise correlations between hedge funds returns suggest that there is a potential threat to the Lithuanian financial market stability. However because of the small relative share of the hedge funds and their concentration in foreign capital markets, such a threat is only theoretical. Moreover, high level of pairwise correlation coefficients between hedge funds and other investment funds do not determine the growth of the weighted average correlation. It could be added, that AIF in general did not increase values of the weighted average correlation, which could reflect potential crowding in the investment funds market. Bearing in mind small size of the AIF assets under management and fairly conservative type of their activities, it could be concluded, that

  12. Real-World Impact of Setting a Narrow International Normalized Ratio Target Range in the Management of Older Adult Patients on Warfarin.

    Science.gov (United States)

    Ong, Peter Y S; Koomanan, Narendran; Cheen, McVin H H; Lai, Yi Feng; Lim, Seng Han; Kong, Ming Chai; Ng, Heng Joo

    2016-09-01

    Elderly patients intrinsically have higher bleeding risks, deterring clinicians from prescribing them oral anticoagulants. Setting a narrow international normalized ratio (INR) target range might potentially mitigate some of these risks. This study sought to compare the outcomes of elderly patients who were assigned to either a narrow INR target range or the conventional INR target range in a real-world environment. This was a retrospective cohort study with the primary and secondary outcomes being the mean percentage time above INR 3.0 and the mean percentage time below INR 2.0 and the incidents of bleeding and thromboembolism associated with oral anticoagulant therapy, respectively. Patients and health care workers managing them had no prior knowledge of this study. Data of 150 patients with a narrow INR target range (2.0-2.5) and 164 patients with a conventional INR target range (2.0-3.0) were collected and analyzed. The narrow INR group had significantly higher underlying risks of bleeding than the conventional INR group. Patients in the narrow INR group had a significantly lower percentage time above INR 3.0 but no significant difference in the percentage time below INR 2.0. Adjusted incidence rate ratio (IRR) for bleeding events was significantly lower for the narrow INR group, while the adjusted IRR for thromboembolic events between both groups was similar. Patients assigned to a narrow INR target range in real-world practice spent a significantly lower amount of time below an INR of 3.0 compared to conventional INR target range with lower incidents of bleeding complications and no increase in subtherapeutic INRs. © The Author(s) 2015.

  13. Investment under uncertainty : Timing and capacity optimization

    NARCIS (Netherlands)

    Wen, Xingang

    2017-01-01

    This thesis consists of three chapters on analyzing the optimal investment timing and investment capacity for the firm(s) undertaking irreversible investment in an uncertain environment. Chapter 2 studies the investment decision of a monopoly firm when it can adjust output quantity in a market with

  14. Government Strategic Support for Investment Activity

    Science.gov (United States)

    Turekulova, Assiya N.; Mukhambetova, Lyazzat K.; Doshan, Almagul S.; Issabekov, Baurzhan N.; Chimgentbayeva, Gulbakyt K.; Turegeldinova, Aliya Zh.

    2016-01-01

    When system risks are high most investors choose to exit the market; however, there are some contrarian investors who opt to make investments. The authors analyzed the main goals of the investment process and measures that should be provided by the government to stimulate investments and innovation especially by means of investment banking. The…

  15. 12 CFR 211.9 - Investment procedures.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 2 2010-01-01 2010-01-01 false Investment procedures. 211.9 Section 211.9... Investment procedures. (a) General provisions. 5 Direct and indirect investments shall be made in accordance... investments in excess of the limitations therein based on capital and surplus. (1) Minimum capital adequacy...

  16. 12 CFR 563e.23 - Investment test.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Investment test. 563e.23 Section 563e.23 Banks... for Assessing Performance § 563e.23 Investment test. (a) Scope of test. The investment test evaluates... qualified investments that benefit its assessment area(s) or a broader statewide or regional area that...

  17. 77 FR 59144 - Investment and Deposit Activities

    Science.gov (United States)

    2012-09-26

    ... ADMINISTRATION 12 CFR Part 703 RIN 3133-AE06 Investment and Deposit Activities AGENCY: National Credit Union... to amend its investment regulation to allow federal credit unions (FCUs) to purchase Treasury... investments for FCUs in part 703. The Board believes TIPS will provide FCUs with an additional investment...

  18. 78 FR 72393 - Net Investment Income Tax

    Science.gov (United States)

    2013-12-02

    ... Investment Income Tax; Final and Proposed Rules #0;#0;Federal Register / Vol. 78, No. 231 / Monday, December... Parts 1 and 602 RIN 1545-BK44 Net Investment Income Tax AGENCY: Internal Revenue Service (IRS), Treasury... Investment Income Tax and the computation of Net Investment Income. The regulations affect individuals...

  19. 43 CFR 29.11 - Investment.

    Science.gov (United States)

    2010-10-01

    ... 43 Public Lands: Interior 1 2010-10-01 2010-10-01 false Investment. 29.11 Section 29.11 Public... Investment. (a) The monies accumulated in the Fund shall be prudently invested in the following types of... investment advisor or custodian to the Fund, or their affiliates may be purchased or held by the Fund. (3...

  20. 31 CFR 537.311 - New investment.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false New investment. 537.311 Section 537....311 New investment. (a) The term new investment means any of the following activities if such activity... located in Burma, without regard to the form of the participation. (b) The term new investment shall not...

  1. 12 CFR 347.108 - Portfolio investments.

    Science.gov (United States)

    2010-01-01

    ... INTERNATIONAL BANKING § 347.108 Portfolio investments. (a) Portfolio investments. If a bank, directly or indirectly, acquires or holds an equity interest in a foreign organization as a portfolio investment and the... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Portfolio investments. 347.108 Section 347.108...

  2. Does Foreign Aid increase Foreign Direct Investment?

    DEFF Research Database (Denmark)

    Selaya, Pablo; Sunesen, Eva Rytter

    2012-01-01

    investments), but aid may crowd out private investments when it comes in the shape of pure physical capital transfers. Empirically, we find that aid invested in complementary inputs draws in FDI, while aid invested in physical capital crowds it out. The paper shows that the composition of aid matters for its...... overall level of efficiency....

  3. 12 CFR 703.18 - Grandfathered investments.

    Science.gov (United States)

    2010-01-01

    ... for the investment consistent with generally accepted accounting principles. (b) All grandfathered... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Grandfathered investments. 703.18 Section 703... INVESTMENT AND DEPOSIT ACTIVITIES § 703.18 Grandfathered investments. (a) Subject to safety and soundness...

  4. Optimal investment in learning-curve technologies

    NARCIS (Netherlands)

    Della Seta, M.; Gryglewicz, S.; Kort, P.M.

    2012-01-01

    We study optimal investment in technologies characterized by the learning curve. There are two investment patterns depending on the shape of the learning curve. If the learning process is slow, firms invest relatively late and on a larger scale. If the curve is steep, firms invest earlier and on a

  5. Security Investment in Contagious Networks.

    Science.gov (United States)

    Hasheminasab, Seyed Alireza; Tork Ladani, Behrouz

    2018-01-16

    Security of the systems is normally interdependent in such a way that security risks of one part affect other parts and threats spread through the vulnerable links in the network. So, the risks of the systems can be mitigated through investments in the security of interconnecting links. This article takes an innovative look at the problem of security investment of nodes on their vulnerable links in a given contagious network as a game-theoretic model that can be applied to a variety of applications including information systems. In the proposed game model, each node computes its corresponding risk based on the value of its assets, vulnerabilities, and threats to determine the optimum level of security investments on its external links respecting its limited budget. Furthermore, direct and indirect nonlinear influences of a node's security investment on the risks of other nodes are considered. The existence and uniqueness of the game's Nash equilibrium in the proposed game are also proved. Further analysis of the model in a practical case revealed that taking advantage of the investment effects of other players, perfectly rational players (i.e., those who use the utility function of the proposed game model) make more cost-effective decisions than selfish nonrational or semirational players. © 2018 Society for Risk Analysis.

  6. An Estimation of Profitability of Investment Projects in The Oil and Gas Industry Using Real Options Theory / Ocena Opłacalności Projektów Inwestycyjnych W Przemyśle Naftowym Z Wykorzystaniem Teorii Opcji Realnych

    Science.gov (United States)

    Kosowski, Piotr; Stopa, Jerzy

    2012-11-01

    no longer used; an investment project is divided into a series of steps and after each one there is a range of possible investment decisions, technical and organizational issues and all the others called `real options'. This lets one take many different varieties of modyfiying a strategy while pricing the project. This also makes it possible to react to the changing inner and outer situation and introducing new information while accomplishing the investment project. Owing to those, the decision process is a continuous operation, what is an actual vision of a real investment project management in the petroleum industry.

  7. Building a Green Economy: Employment Effects of Green Energy Investments for Ontario

    OpenAIRE

    Robert Pollin; Heidi Garrett-Peltier

    2009-01-01

    In this study of Ontario’s green economy, Robert Pollin and Heidi Garrett-Peltier present an approach to realistically estimate the employment effects of green investments in Ontario. They focus on two alternative investment scenarios for the province: a baseline program of $18.6 billion invested in conservation and demand management; hydroelectric power; on-shore wind power; bioenergy; waste energy recycling; and solar power over 10 years, and a more ambitious $47.1 billion 10-year investmen...

  8. The Real Options Attached to an Investment Project

    Directory of Open Access Journals (Sweden)

    Mihai-Cristian DINICĂ

    2011-12-01

    Full Text Available The real options capture the importance of the managerial team’s role in creating value through investment projects. The investments in real assets have a set of options that managers can exercise during the period of the project to increase the value of the assets or to limit the eventual losses. This options have their own value.The traditional methods for investment project evaluatioan, based on discounted cash flows, have some major disadvantages: they assume the irreversibility of a decision, do not take into account the interactions between decisions in several periods and treat the investment as pasive. The evaluation using real options undertake this disadvantage. The paper shows the main types of real options, together with their elements and captures the impact of these options on the value of the investment. The main two models used to evaluate real options, the binomial model and Black-Scholes model, are explained and used to compute the value of real options attached to an investment project.

  9. Transnational Investments in Informational Capital

    DEFF Research Database (Denmark)

    D. Munk, Martin

    This paper analyses the acquisition of informational capital, e.g. academic capital, measured as student mobility, and understood as transnational investments in prestigious foreign educational institutions. In the 1990s, educational “zones of prestige” have especially been the United States......) are more likely than students from other social classes to pursue transnational investments, even though students from the middle and working classes have now entered the competition. This result is also recently found in an analysis of Danish academic emigrants. All in all, the studies confirm...... the hypothesis that students from upper classes are more likely than others to invest in specific informational capital in the field of education, in national environments but also in international settings....

  10. Investment under Uncertain Climate Policy

    DEFF Research Database (Denmark)

    Barradale, Merrill Jones

    2014-01-01

    This paper introduces the concept of payment probability as an important component of carbon risk (the financial risk associated with CO2 emissions under uncertain climate policy). In modeling power plant investment decisions, most existing literature uses the expected carbon price (e.g., the price...... actually be faced in the case of a particular investment. This concept helps explain both the surge of activity in 2005–2006 and the subsequent decline in interest in coal-fired power plant development in the U.S. The data for this case study comes from an extensive online survey of 700 U.S. energy...... design better incentives for investing in low-carbon technologies...

  11. Essays on investment and house prices

    OpenAIRE

    Tran, Thang Long

    2017-01-01

    This thesis combines four related essays that examine investment activities and housing dynamics in Australia. The first essay investigates the key drivers of Australian aggregate business investment. Tobin’s q, income, cash flow and uncertainty impacts on investment are determined and disentangled. Uncertainty and demand constraints are revealed to be highly significant for investment over business cycle frequencies. The second essay examines the firm-level investment determinants of listed ...

  12. Gold versus stock investment: An econometric analysis

    OpenAIRE

    Martin Surya Mulyadi; Yunita Anwar

    2012-01-01

    It is important to have a portfolio in investment to diversify the investment to different kinds of instruments. Based on previous research, it is concluded that gold is a good portfolio diversifier, a hedge against stock and safe haven in extreme stock market condition. As an investment instrument, stock is exposed to macroeconomic risks and global stock market risks. In this research, we conduct a comparison between the stock investment and gold investment by using the probit econometric mo...

  13. INVESTMENT DECISION BASED ON ACQUAINTANCE STRATEGY

    OpenAIRE

    Dr. N Babitha Thimmaiah

    2017-01-01

    Everywhere people talk about money and investment. The investor makes an investment to yield high returns with minimum risk. Generally the acquaintance refers to the neighbours. The investment decisions which is seen as continuous process of interactions between the investor, investor’s behaviour and the investment environment. This investment process is influenced by a number of variables and driven by peer influence (including neighbours, friends, relatives, etc.). The experimental results ...

  14. Stepwise Investment and Capacity Sizing under Uncertainty

    OpenAIRE

    Chronopoulos, Michail; Hagspiel, Verena; Fleten, Stein-Erik

    2015-01-01

    The relationship between uncertainty and managerial flexibility is particularly crucial in addressing capital projects. We consider a firm that can invest in a project in either a single (lumpy investment) or multiple stages (stepwise investment) under price uncertainty and has discretion over not only the time of investment but also the size of the project. We confirm that, if the capacity of a project is fixed, then lumpy investment becomes more valuable than a stepwise inves...

  15. 17 CFR 274.219 - Form N-17f-1, cover page for each certificate of accounting of securities and similar investments...

    Science.gov (United States)

    2010-04-01

    ... each certificate of accounting of securities and similar investments of a management investment company in the custody of a member of a national securities exchange, filed pursuant to rule 17f-1. 274.219... page for each certificate of accounting of securities and similar investments of a management...

  16. Evaluating international development investments based on ecosystem services impact

    Science.gov (United States)

    Fremier, A. K.; Brauman, K. A.; Mulligan, M.; Chaplin-Kramer, R.; Gordon, L.; Luedeling, E.; Jones, S. K.; DeClerck, F.

    2016-12-01

    Engineered water-control structures to supply water for agriculture are frequently funded by international development to an effort to improve human wellbeing. Dams, reservoirs, and other forms of water control frequently have negative impacts on other water users; however, their sustainability in the face of climate change and evolving watershed processes have been called into question. Increasingly, planning for and evaluation of investments in water control require integration of these larger scale impacts and dependencies. Ecosystem service approaches can use local to regional scale knowledge to integrate a broader scope of project impacts by quantifying trade-offs in multiple services across proposed development interventions and future scenarios (economic, climate, demographic). Here, we illustrate the role an ecosystem service approach can play in investment decision making to evaluate the impact of small reservoirs on human wellbeing in the Upper Volta Basin of West Africa. Our project has four components: (1) design of a spatially explicit regional-level social-ecological characterization; (2) construction of future scenario analyses for rainfed and irrigated production system interventions; (3) co-design and co-development of benefit sharing mechanisms at the reservoir catchment level and enhancing institutional capacity to implement these mechanisms through training, professional development and targeting tools; and (4) intervention decision analysis to identify benefits, costs and risks associated with decision options. We illustrate how this approach highlights different outcomes than standard cost-benefit analysis focused narrowly on the single project. Anticipated outcomes are development of ecosystem services-based methods for more equitably and sustainably evaluating development interventions and identifying management approaches to water-impoundment structures that promote a range of ecosystem services to provide food security to a broader

  17. Exploring the Application of Capital Facility Investment Justification Model

    Directory of Open Access Journals (Sweden)

    Marijan Karić

    2013-07-01

    Full Text Available For decades now, the models for identifying and quantifying the level of risk of investment projects and investment justification evaluation have been the subject of investigation by members of professional and research communities. It is important to quantify the level of risk because by evaluating investment justification in terms of the risks involved, the decision-maker (investor is able to choose from available alternatives the one that will achieve the most favourable ratio of expected profit to the assumed risk. In this way, the economic entity can raise its productivity, profitability and the quality of business operation in general. The aim of this paper was to investigate the extent to which medium and large companies have been using modern methods of investment justification evaluation in their decision-making process and determine the level of quality of the application of the selected methods in practice. The study was conducted on a sample of medium and large enterprises in the eastern Croatia during 2011 and 2012, and it was established that despite the fact that a large number of modern investment project profitability and risk assessment models have been developed, the level of their application in practice is not high enough. The analyzed investment proposals included only basic methods of capital budgeting without risk assessment. Hence, it was concluded that individual investors were presented with low-quality and incomplete investment justification evaluation results on the basis of which the decisions of key importance for the development of the economic entity as a whole were made. This paper aims to underline the need for financial managers to get informed and educate themselves about contemporary investment project profitability and risk assessment models as well as the need to create educational programmes and computer solutions that will encourage key people in companies to acquire new knowledge and apply modern

  18. 77 FR 35082 - Arrow Investment Advisers, LLC and Arrow Investments Trust; Notice of Application

    Science.gov (United States)

    2012-06-12

    ... COMMISSION Arrow Investment Advisers, LLC and Arrow Investments Trust; Notice of Application June 6, 2012... order under section 6(c) of the Investment Company Act of 1940 (``Act'') for an exemption from sections... Investment Advisers, LLC (``Arrow'') and Arrow Investments Trust (the ``Trust''). Summary of Application...

  19. A randomised trial of the Flinders Program to improve patient self-management competencies in a range of chronic conditions: study rationale and protocol

    Directory of Open Access Journals (Sweden)

    Malcolm W. Battersby

    2010-03-01

    Full Text Available BackgroundSupporting self management is seen as an important healthservice strategy in dealing with the large and increasing healthburden of chronic conditions. Several types of selfmanagementprograms are available. Evidence to datesuggests that disease-specific and lay-led self managementprograms provide only part of the support needed forimproved outcomes. The Flinders Program is promising as ageneric self management intervention, which can becombined with targeted disease-specific and lay-ledinterventions, but it has yet to be evaluated for a range ofchronic conditions using a rigorous controlled trial design. Thispaper gives the rationale for a randomised controlled trial andprocess evaluation of the Flinders Program of chroniccondition self-management in community practice, and detailsand justifies the design of such a study.MethodThe design for a randomised trial and associated processevaluation, suited to evaluation of a complex and behaviouralintervention as it is applied in actual practice, is presented andjustified.ConclusionA randomised trial of the Flinders Program is required and afunctional design is presented. Results from this trial,currently underway, will test the effectiveness of the FlindersProgram in improving patient competencies in selfmanagementof chronic conditions in practice conditions.A process evaluation alongside the trial will exploresystem, provider and patient factors associated withgreater and lesser Program effectiveness.

  20. PERFORMANCE MEASUREMENT OF UCITS INVESTMENT FUNDS IN CROATIA

    Directory of Open Access Journals (Sweden)

    Marko Curkovic

    2017-03-01

    Full Text Available UCITS investment funds represent an important investment opportunity for retail, as well for institutional investors in the European Union. The aim of this paper is to analyse the performance of the UCITS investment funds in Croatia and to detect relatively homogeneous groups among the UCITS funds based on its performance. The analysis includes 55 UCITS, in the period from the beginning of 2011 until the end of 2014, and it is conducted on daily data of share prices, available from Bloomberg terminal. Analysis is performed separately within the groups of different investment fund by investment strategy. The research methodology is based on the calculation of various indicators of absolute and relative risk-adjusted performance and riskiness of the funds. In general, based on analysis of performance measures, it can be concluded that funds with higher values of net assets were more successful compared to the funds with below-average asset values. Also, funds with below-average values of net assets were more volatile. At the same time, funds run by foreign own management companies were more successful by the absolute performance measures, compared to funds run by management companies with domestic ownership. On the other hand, those funds were more volatile, as well.

  1. Empirical analysis of investment strategies for institutional investors

    NARCIS (Netherlands)

    Swinkels, L.A.P.

    2003-01-01

    This thesis consists of three parts that examine several topics concerning institutional asset management. In Part I, investment strategies based on stock returns in previous months known as momentum strategies are investigated in more detail. More specifically, the driving forces behind these

  2. A Business Case Method for IT Investments in Danish Municipalities

    DEFF Research Database (Denmark)

    Persson, John Stouby; Nielsen, Peter Axel

    2012-01-01

    Effective management of information technology (IT) investments is increasingly important for Danish municipalities. This is why they along with other both public and private sector organizations increasingly are using IT business cases. The business case is a document specifying the main rationale...... key contributions to IT business case practice in local government organizations....

  3. Privatization or Public Investment in Education? Research & Policy Brief

    Science.gov (United States)

    Adamson, Frank

    2016-01-01

    Policymakers worldwide are trying to figure how best to organize, govern, and support their education systems. They must manage multiple goals, such as workforce development, nurturing knowledgeable citizens, and ensuring educational opportunity. Some countries approach these issues with a public investment in teacher professionalization and a…

  4. Investment Appraisal Process in the Banking & Finance Industry

    NARCIS (Netherlands)

    M.M. Akalu; J.R. Turner (Rodney)

    2002-01-01

    textabstractWe have studied how the banking and finance industry performs investment appraisal, measures subsequent follow-up and designates project success or failure. Furthermore, the authors looked into the extent of use of the new generation value management models. The result shows that firms

  5. Comparative Analysis of Direct and Indirect Property Investment ...

    African Journals Online (AJOL)

    Sultan

    Property Market Maturity, Unpublished. Thesis, Department of Estate Management,. University ofLagos, Akoka, Nigeria. Graham, P. (2009). Analysis of Stock Market. Investment Strategies. An Interactive. Qualifying Project Report Submitted to the. Faculty of Worchester Polytechnic. Greer, G. E. and Farrell, M. D. (1984).

  6. EFFECT OF V C NCY ON SHOPPING CENTRES' INVESTMENT ...

    African Journals Online (AJOL)

    USER

    2015-01-12

    Jan 12, 2015 ... EFFECT OF V C NCY ON SHOPPING CENTRES' INVESTMENT RETURNS IN KURE,. NIGERI. *BELLO, V. . ND EZEOKOLI, N.B.. Department of Estate Management, Federal University of Technology, Akure, Nigeria. Abstract. The paper examined the effect of vacancy rate on the rental returns of shopping ...

  7. Policy approaches to renewable energy investment in the Mediterranean region

    Science.gov (United States)

    Patt, A.; Komendantova, N.; Battaglini, A.; Lilliestam, J.; Williges, K.

    2009-04-01

    suited to achieving such growth quickly and smoothly? What bottlenecks—in terms of supply chains, human capital, finance, and transmission capacity—need to be anticipated and addressed if the rate of capacity growth is to be sustained over several decades? What model of governance would create a safe investment climate in consistence with new EU legislation (i.e. EU Renewable Energy Directive) as well as expected post-Kyoto targets and mechanisms? The material that we present here is based on a series of workshops held between November 2008 and January 2009, in which a wide range of stakeholders expressed their views about the fundamental needs for policy intervention. Supplementing the results from these workshops have been additional expert interviews, and basic financial modeling. One of the interesting results from this research is the need for a multi-pronged approach. First, there is a need for a support scheme, potentially compatible with in all cases supplementing the EU REN Directive, that would create a stable market for North African electricity in Europe. Second, there is a need for policies that facilitate the formation of public private partnerships in North Africa, as the specific investment vehicle, as a way to manage some of the uncertainties associated with large-scale investments in the region. Third, attention has to be paid to the development of supply chains within the Mediterranean region, as a way of ensuring the compatibility of such investments with sustainable development.

  8. Range Analysis and Terrain Preference of Adult Southern White Rhinoceros (Ceratotherium simum in a South African Private Game Reserve: Insights into Carrying Capacity and Future Management.

    Directory of Open Access Journals (Sweden)

    S Thompson

    Full Text Available The Southern white rhinoceros (Ceratotherium simum is a threatened species, central to the tourism appeal of private game reserves in South Africa. Privately owned reserves in South Africa tend to be smaller than government run reserves such as Kruger National Park. Because of their relatively small size and the often heterogeneous nature of the landscape private game reserve managers benefit from detailed knowledge of white rhinoceros terrain selection preferences, which can be assessed from their ranging behaviours. We collected adult and sub-adult white rhinoceros distribution data over a 15 month period, calculating individual range size using kernel density estimation analysis within a GIS. From this, terrain selectivity was calculated using 50% and 95% kernels to extract terrain composition values. Jacob's correction of the Ivlev's selectivity index was subsequently applied to the terrain composition of each individual to identify trends in selectivity. Results reveal that adult males hold exclusive territories considerably smaller than those found in previous work conducted in "open" or large reserves. Similarly, results for the size of male versus female territories were also not in keeping with those from previous field studies, with males, rather than females, having the larger territory requirement. Terrain selection for both genders and age classes (adult and sub-adult showed a strong preference for open grassland and avoidance of hill slope and riparian terrains. This research reveals white rhinoceros terrain selection preferences and how they influence range requirements in small, closed reserves. We conclude that this knowledge will be valuable in future white rhinoceros conservation management in small private game reserves, particularly in decisions surrounding removal of surplus individuals or augmentation of existing populations, calculation of reserve carrying capacity and future private reserve acquisition.

  9. Teacher Investment in Learner Identity

    Science.gov (United States)

    Reeves, Jenelle

    2009-01-01

    From a sociocultural perspective, teacher identity is constructed in relation to others, including other teachers and students. Drawing on positioning theory and the concept of investment, this study analyzed the case of a secondary English teacher who negotiated his teacher identity in relation to English language learners (ELLs). Findings…

  10. Optimal Investment in Structured Bonds

    DEFF Research Database (Denmark)

    Jessen, Pernille; Jørgensen, Peter Løchte

    2012-01-01

    of the article is to provide possible explanations for the puzzle of why small retail investors hold structured bonds. The investment universe consists of a stock index, a risk-free bank account, and a structured bond containing an option written on another index. We apply expected utility maximization...

  11. Socially Responsible investment in Ukraine

    Directory of Open Access Journals (Sweden)

    Iryna Shkura

    2017-02-01

    Full Text Available Over the past 20 years the phenomenon of socially responsible investment (SRI has grown considerably in popularity and there has been in particular a sharp increase in research into its environmental, social and governance (ESG aspects. The process of SRI itself and research into this diverse phenomenon have become widespread particularly in developed countries and essentially supported by international organizations, specialized financial consulting companies, and institutional investors. The issues of theoretical, methodological and practical aspects of SRI in the Ukrainian market have considerable potential for research. The aim of the article is to study theoretical and methodological aspects of SRI as well as define the current state and prospects of socially responsible investment in Ukraine. The article covers the existing differences in the approaches to defining socially responsible investment and social investment, describes their features and proposes a method of classification, as well as clarifying the role of SRI under conditions of sustainable development. The current problems and prospects of SRI development in Ukraine are discussed.

  12. Responsible investing in South Africa

    NARCIS (Netherlands)

    Viviers, S.; Bosch, J.K.; Smit, vd M E.; Buijs, A.

    2009-01-01

    Given growing interest in the phenomenon of Responsible Investing (RI), both locally and internationally, the purpose of this paper is to provide an overview of the RI sector in South Africa. It focuses on the definition and characteristics of RI within the South African context; the size and nature

  13. Resemblance and investment in children.

    Science.gov (United States)

    Dolinska, Barbara

    2013-01-01

    According to evolutionary explanations men hardly ever are absolutely certain about their biological fatherhood therefore they must seek various sources of information to subjectively establish whether they are the genetic fathers of the children they raise. Apicella and Marlowe (2004) showed that fathers who perceived greater similarity between their children and themselves were willing to invest more resources (e.g., time, money, care) in their offspring presumably because the perceived resemblance indicated to the fathers their genetic relatedness with their children. The present study extended the design of Apicella and Marlowe's original study and included both fathers and mothers as participants. Parents were recruited by a female confederate at the airport and at the railway station in Wroclaw (Poland). Multiple regression analyses showed that perceived resemblance predicted parental investment in the child for both men and women. The fact that mothers' declarations of investment in their children also depended on the perceived resemblance factor is not consistent with evolutionary formulations delineated by Apicella and Marlowe (2004; 2007). Future studies must resolve the issue of whether the resemblance-investment relation in fathers results from men relaying on child's resemblance to themselves as an indicator of their own biological paternity, or whether it results from the more parsimonious phenomenon that people in general are attracted more to other people who are similar to them.

  14. IT Investment Guidelines in Taiwan's IT Industry under a Global Economic Downturn

    Science.gov (United States)

    Cha, Un Un

    2011-01-01

    The current qualitative phenomenological study focused on how information technology (IT) leaders managed IT investment during the global economic downturn in the Taiwan IT industry. Organizations around the world spend billions of dollars on IT-related products and services every year. Determining an effective IT investment plan is a complex task…

  15. 76 FR 37175 - FY 2011 Discretionary Sustainability Funding Opportunity Transit Investments for Greenhouse Gas...

    Science.gov (United States)

    2011-06-24

    ... net capital cost of factory installed hybrid electric propulsion systems and any equipment related to... investment as well as the existing system, subsystem, facility, vehicle, or component that the investment... Transit Energy Management (energy storage, regenerative braking, solar propulsion engine systems, power...

  16. 25 CFR 115.807 - Will OTFM consult with tribes about investments of tribal trust funds?

    Science.gov (United States)

    2010-04-01

    ... trust funds? 115.807 Section 115.807 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES TRUST FUNDS FOR TRIBES AND INDIVIDUAL INDIANS Tribal Accounts Investing and Managing Tribal Trust Funds § 115.807 Will OTFM consult with tribes about investments of tribal trust funds? Upon...

  17. 75 FR 44996 - Study Regarding Obligations of Brokers, Dealers, and Investment Advisers

    Science.gov (United States)

    2010-07-30

    ... the varying scope and terms of retail customer relationships of brokers, dealers, investment advisers..., shortcomings, or overlaps in legal or regulatory standards in the protection of retail customers relating to... INFORMATION CONTACT: Holly Hunter-Ceci, Division of Investment Management, at (202) 551-6825 or Emily Russell...

  18. 17 CFR 240.17i-6 - Reporting requirements for supervised investment bank holding companies.

    Science.gov (United States)

    2010-04-01

    ... company regularly provides to the persons responsible for managing risk for the affiliate group that the... supervised investment bank holding companies. 240.17i-6 Section 240.17i-6 Commodity and Securities Exchanges... Company Rules § 240.17i-6 Reporting requirements for supervised investment bank holding companies. (a...

  19. A diverse and resilient financial system for investments in the energy transition

    NARCIS (Netherlands)

    Polzin, Friedemann|info:eu-repo/dai/nl/413317404; Sanders, Mark|info:eu-repo/dai/nl/175620059; Täube, Florian

    2017-01-01

    Diversity makes the financial system more resilient. In addition, there is a diverse investment demand to make the transition to a more sustainable energy system. We need, among others, investment in energy transition, circular resource use, better water management and reducing air pollution. The

  20. A diverse and resilient financial system for investments in the energy transition

    NARCIS (Netherlands)

    Polzin, F.H.J.; Sanders, M.W.J.L.; Täube, Florian

    Diversity makes the financial system more resilient. In addition, there is a diverse investment demand to make the transition to a more sustainable energy system. We need, among others, investment in energy transition, circular resource use, better water management and reducing air pollution. The