Impacts of PST on Optimal Production and Marketing Decisions of a Grow-Finish Hog Farm Operation

This paper examines the impact of PST on the optimal production/marketing decisions of a grow-finish hog farm operation. The analysis evaluates PST from three angles: the feed efficiency effect, the leaner meat price effect, and the aggregate-supply-induced price effect. When limited to the feed efficiency effect only, the primary response to the new technology is to increase the animal turnover rate of the operation. When the leaner meat price effect is also included, marketing weight increases while turnover rate remains relatively unchanged. Additionally, if the increased aggregate supply depressed the market price by more than 10%, the benefits from improved feed efficiency and leaner meat will be completely dissipated. Aggregate price adjustments (reductions) of less than 10 percent maintained positive producer benefits resulting from improved feed efficiency and leaner meat.

Download Full-text

The Process of Globalization and Its Impact on Media

European Journal of Multidisciplinary Studies ◽

10.26417/ejms.v1i4.p150-153 ◽

2016 ◽

Vol 1 (4) ◽

pp. 150

Author(s):

Veton Zejnullahi

Keyword(s):

New Technology ◽

World Order ◽

Modern Society ◽

Media Access ◽

Four Corners ◽

The World ◽

The Media ◽

The Republic ◽

Human Eyes ◽

The Impact

The process of globalization, which many times is considered as new world order is affecting all spheres of modern society but also the media. In this paper specifically we will see the impact of globalization because we see changing the media access to global problems in general being listed on these processes. We will see that the greatest difficulties will have small media as such because the process is moving in the direction of creating mega media which thanks to new technology are reaching to deliver news and information at the time of their occurrence through choked the small media. So it is fair to conclude that the rapid economic development and especially the technology have made the world seem "too small" to the human eyes, because for real-time we will communicate with the world with the only one Internet connection, and also all the information are take for the development of events in the four corners of the world and direct from the places when the events happen. Even Albanian space has not left out of this process because the media in the Republic of Albania and the Republic of Kosovo are adapted to the new conditions under the influence of the globalization process. This fact is proven powerful through creating new television packages, written the websites and newspapers in their possession.

Download Full-text

The impact of applying the Common Customs Tariff on the armenian export of Cut and Polished Gems to Russia

Economics and Management ◽

10.35854/1998-1627-2019-11-33-41 ◽

2019 ◽

pp. 33-41

Author(s):

V. L. Harutyunyan ◽

S. V. Dokholyan ◽

A. R. Makaryan

Keyword(s):

Manufacturing Sector ◽

Practical Implication ◽

Dominant Role ◽

New Technology ◽

Manufacturing Companies ◽

Medium Term ◽

Diamond Cutting ◽

Global Trends ◽

The Common ◽

The Impact

The presented study discusses the issues of applying the Common Customs Tariff (CCT) rates of the Eurasian Economic Union (EAEU) on rough diamonds and the impact thereof on the exports of stones cut and polished inArmeniaand then exported toRussia.Aim. The study aims to identify the possible strategies Armenian diamond cutting and polishing companies could adopt as a response to the application of the CCT rates on rough diamonds and how it would affect exports to various destinations, namely to Russia.Tasks. The authors analyze the current state of the gems and jewelry sector and substantiate the need to either integrate it into the jewelry manufacturing sector or to apply various strategies to facilitate exports to either Russia or other destinations in the medium term in response to the application of the CCT rates.Methods. This study uses general scientific methods of cognition, including analytical and methodological approaches and elements of forecasting. Possible strategies the Armenian diamond cutting and polishing companies could adopt in the medium term in response to the application of the EAEU CCT rates are determined using the analytical research method, forecasts in the context of the developments in the Armenian gem processing and jewelry market and global trends, statistical data on the imports and exports of cut and polished gems and jewelry for 2014–2018 published by the UN Comtrade Statistics.Results. Statistics on the exports of processed diamonds from 2014 to 2018 highlights the issue associated with the loss of competitiveness suffered by Armenian companies (mainly in comparison with Indian diamond cutters). The major global trends in the diamond cutting and polishing business indicate that it could be virtually impossible for Armenian cutters and polishers to compete with Indian companies in the medium term if they do not comes to investing in new technology to achieve operational efficiency. For these companies, it is important not to lose the Russian market due to an increase in the tariff rate and concentrate on the processing of gems that are larger than 1 carat. Another strategy to avoid an increase in the customs tariff rates would depend on the Armenian government’s ability to negotiate with Russia in respect of direct imports of diamond stones from Russian manufactures. Two other options for Armenian cutters involve focusing on cutting and polishing of rubies, sapphires, emeralds, etc. or integrating into the jewelry sector either by being the primary supplier or by considering this business as a channel to sell processed diamond stones by setting up their own jewelry manufacturing companies.Conclusions. With CCT going into effect in January 2021 and India’s dominant role in the diamond cutting and polishing business, Armenia needs to carefully consider all of the strategies the Armenian companies could adopt, as discussed above. As a member state of the EAEU, Armenia freely exports to Russia, however, further exports to Russia would depend on Armenia’s ability to ensure that cost-effective operations are in place, or to concentrate on the processing of precious gems rather than diamonds, or to switch to the manufacturing of jewelry items as a major export item.Practical Implication. The findings of this study could be of interest to the Ministry of Economy of the Republic of Armenia and Business Armenia that could be used in elaborating the strategy for the development of Armenian gems and jewelry sector of the economy.

Download Full-text

The Impact of Corporate Venture Capital on the Branding Efforts of New Technology Firms

SSRN Electronic Journal ◽

10.2139/ssrn.2296402 ◽

2013 ◽

Author(s):

Ikenna S. Uzuegbunam ◽

Brandon Ofem ◽

Satish Nambisan

Keyword(s):

Venture Capital ◽

New Technology ◽

Corporate Venture Capital ◽

Technology Firms ◽

Corporate Venture ◽

The Impact

Download Full-text

Quantifying the increase in fishing efficiency due to the use of drifting FADs equipped with echosounders in tropical tuna purse seine fisheries

ICES Journal of Marine Science ◽

10.1093/icesjms/fsaa216 ◽

2020 ◽

Author(s):

Gwenaëlle Wain ◽

Loreleï Guéry ◽

David Michael Kaplan ◽

Daniel Gaertner

Keyword(s):

New Technology ◽

Recent Change ◽

Purse Seine ◽

Catch Per Unit Effort ◽

Katsuwonus Pelamis ◽

Thunnus Obesus ◽

Efficiency Increase ◽

Tropical Tuna ◽

Floating Objects ◽

The Impact

Abstract Numerous pelagic species are known to associate with floating objects (FOBs), including tropical tunas. Purse seiners use this behaviour to facilitate the capture of tropical tunas by deploying artificial drifting fish aggregating devices (dFADs). One major recent change has been the integration of echosounders in satellite-tracked GPS buoys attached to FOBs, allowing fishers to remotely estimate fishable biomass. Understanding the effects of this new technology on catch of the three main tuna species (yellowfin tuna, Thunnus albacares; bigeye tuna, Thunnus obesus; and skipjack tuna, Katsuwonus pelamis) is important to accurately correct for this change in catch-per-unit-effort (CPUE) indices used for stock assessments. We analysed catch data from the French purse seine fleet for the period 2010–2017 in the Indian Ocean to assess the impact of this fleet’s switch to echosounder buoys around 2012. Results indicate that echosounders do not increase the probability a set will be succesful, but they have a positive effect on catch per set, with catches on average increasing by ≈2−2.5 tonnes per set (≈10%) when made on the vessel's own dFADs equipped with an echosounder buoy. Increases were due to a decrease in sets below ≈25 tonnes and an increase in those greater than ≈25 tonnes, with a non-linear transition around this threshold. This increase explains the considerable investment of purse seiners in echosounder buoys, but also raises concerns about bias in stock size estimates based on CPUE if we do not correct for this fishing efficiency increase.

Download Full-text

Accounting Information Systems in Public Sector towards Blockchain Technology Application: The Role of Accountants’ Emotional Intelligence in the Digital Age

Asian Journal of Law and Economics ◽

10.1515/ajle-2020-0052 ◽

2021 ◽

Vol 12 (1) ◽

pp. 73-94

Author(s):

Pham Quang Huy ◽

Vu Kien Phuc

Keyword(s):

Emotional Intelligence ◽

Public Sector ◽

New Technology ◽

Accounting Information ◽

Accounting Information System ◽

Accounting Information Systems ◽

Technology Application ◽

Public Sector Organization ◽

Blockchain Technology ◽

The Impact

Abstract This research ferreted out to inspect the interconnection between emotional intelligence (EI), Blockchain technology application (BLO) and the effectiveness of Accounting information system (AIS). Survey-based data obtained from 412 respondents were applied to validate the model hypotheses. Building on the statistical analysis with the support of SPSS 25.0 and SMART- PLS (partial least squares) 3.2.8 software package, the model results inferred the impact of EI on BLO. Besides, the outputs of the study accentuated on the importance of BLO on the effectiveness of AIS. These significant additions will optimistically inspire other scholars to carry on exploring the relationship between EI and BLO in enhancing the effectiveness of AIS in research settings as well as in explaining the results. On the other hand, taking these results into consideration could promote much better solutions for issues relevant to EI and new technology application among public sector organization (PSO) in term of increasing the performance of AIS.

Download Full-text

Room Size Influences Flow in Robotic-Assisted Surgery

International Journal of Environmental Research and Public Health ◽

10.3390/ijerph18157984 ◽

2021 ◽

Vol 18 (15) ◽

pp. 7984

Author(s):

Falisha Kanji ◽

Tara Cohen ◽

Myrtede Alfred ◽

Ashley Caron ◽

Samuel Lawton ◽

...

Keyword(s):

New Technology ◽

Surgical Robots ◽

Physical Size ◽

Robotic Assisted ◽

Surgical Technology ◽

Room Size ◽

Robotic Assisted Surgery ◽

Academic Hospitals ◽

Environmental Causes ◽

The Impact

The introduction of surgical technology into existing operating rooms (ORs) can place novel demands on staff and infrastructure. Despite the substantial physical size of the devices in robotic-assisted surgery (RAS), the workspace implications are rarely considered. This study aimed to explore the impact of OR size on the environmental causes of surgical flow disruptions (FDs) occurring during RAS. Fifty-six RAS procedures were observed at two academic hospitals between July 2019 and January 2021 across general, urologic, and gynecologic surgical specialties. A multiple regression analysis demonstrated significant effects of room size in the pre-docking phase (t = 2.170, df = 54, β = 0.017, p = 0.035) where the rate of FDs increased as room size increased, and docking phase (t = −2.488, df = 54, β = −0.017, p = 0.016) where the rate of FDs increased as room size decreased. Significant effects of site (pre-docking phase: p = 0.000 and docking phase: p = 0.000) were also demonstrated. Findings from this study demonstrate hitherto unrecognized spatial challenges involved with introducing surgical robots into the operating domain. While new technology may provide benefits towards patient safety, it is important to consider the needs of the technology prior to integration.

Download Full-text

Does new technology put an end to policyholder risk declaration? The impact of digitalisation on insurance relationships

The Geneva Papers on Risk and Insurance Issues and Practice ◽

10.1057/s41288-020-00191-6 ◽

2020 ◽

Author(s):

Marta Ostrowska

Keyword(s):

New Technology ◽

The Impact

Download Full-text

Snake charming and the exploitation of snakes in Morocco

Oryx ◽

10.1017/s0030605316000910 ◽

2016 ◽

Vol 52 (2) ◽

pp. 374-381 ◽

Cited By ~ 1

Author(s):

Juan M. Pleguezuelos ◽

Mónica Feriche ◽

José C. Brito ◽

Soumía Fahd

Keyword(s):

Reproductive Output ◽

Surveys And Questionnaires ◽

Market Price ◽

Tourism Industry ◽

Cultural Dimensions ◽

Population Declines ◽

Field Surveys ◽

Focal Species ◽

The Impact ◽

Naja Haje

AbstractTraditional activities that potentially threaten biodiversity represent a challenge to conservationists as they try to reconcile the cultural dimensions of such activities. Quantifying the impact of traditional activities on biodiversity is always helpful for decision making in conservation. In the case of snake charming in Morocco, the practice was introduced there 500 years ago by the religious order the Aissawas, and is now an attraction in the country's growing tourism industry. As a consequence wild snake populations may be threatened by overexploitation. The focal species for snake charming, the Egyptian cobra Naja haje, is undergoing both range and population declines. We estimated the level of exploitation of snakes based on field surveys and questionnaires administered to Aissawas during 2003–2014, and compared our results with those of a study conducted 25 years previously. Aissawas use four venomous and four non-venomous species for snake charming and we estimate they harvest a minimum of 4,500 individuals annually, mostly venomous snakes. For exhibition purposes they selectively remove the largest specimens from the wild (i.e. those that could have the highest reproductive output). Compared to the previous data, we detected (1) a reduction in the number of species collected, (2) an increased distance to collecting fields, and (3) an increase in the market price for snakes, after correction for accumulated inflation, signifying a higher demand for these animals.

Download Full-text

Analytical redefinition of DOL and managerial investment decisions

Managerial Finance ◽

10.1108/mf-08-2013-0218 ◽

2014 ◽

Vol 40 (7) ◽

pp. 734-754 ◽

Cited By ~ 1

Author(s):

Yoram Kroll ◽

David Yechiam Aharon

Keyword(s):

Large Scale ◽

Investment Decision ◽

Production Level ◽

Fixed Cost ◽

Theoretical Formulation ◽

Optimal Production ◽

Demand Shocks ◽

Content Type ◽

Operating Leverage ◽

The Impact

Purpose – The purpose of this paper is to develop alternative analytical measures for the degree of operating leverage (DOL) that reflect the impact of uncertain demand shocks in the product's market on optimal production levels, sales and profits of the firm. Design/methodology/approach – The elasticity measures are constructed according to a theoretical formulation of optimal production level that corresponds to demand shocks for given predetermined levels of fixed cost. Findings – The paper suggests two main findings. First, the analytical marginal DOL is at least twice the traditional DOL depending on the structure of the shock, the production function and demand's elasticity. The traditional DOL is equal to the measure only when large-scale negative demand prompts the firm to abandon production. Second, the paper also provides an analytical measure of DOL in terms of elasticity of profit to sales rather than to production level. Both theoretically and empirically elasticity of profit to sales can be better measured and better reflects risk. Research limitations/implications – This paper should be extended to encompass multiple shocks on demand and supply while investigating the empirical multi variants distribution of the shocks. Practical implications – The model can be used by managers who are well informed about the fixed and variable costs of their firm. The model determines the mean profit- risk trade off which is an important factor in all investment decision problems. Originality/value – Surprisingly and according to the best knowledge, this paper is the first attempt in the literature for alternative analytical DOLs’ formulations that is coherent with basic economic theories of optimal production level under risk.

Download Full-text