scholarly journals Die lewensvatbaarheid van boerbokboerdery: 'n Vergelykende gevallestudie

2014 ◽  
Vol 7 (3) ◽  
pp. 837-852
Author(s):  
Wilbrie Fourie ◽  
Merwe Oberholzer ◽  
Pieter Buys
Keyword(s):  
Decision Making ◽  
Capital Investment ◽  
Farm Size ◽  
Price Uncertainty ◽  
Short Term ◽  
Boer Goat ◽  
Investment Evaluation ◽  
Evaluation Techniques

The aim of this study was to design a case study where a number of management accounting evaluation techniques, namely performance measurement (short-term focus), capital investment evaluation (long-term focus) and risk, have been identified to compare the financial results of different scenarios between Boer goat, mutton breeds and beef cattle farming. The contribution of the study is that it simplifies the decision-making regarding the choice between the types of red meat farming used for different scenarios, namely farm size and available capital. Compliant software that have been developed, allow the user to compile unique scenarios and make decisions according to that. The value of this should be determined by taking into account that there are, as for other livestock types in South Africa, no readily available market indicators for the Boer goat currently. This deficiency leads to price uncertainty that makes it difficult to determine the value of the Boer goat industry.

scholarly journals MANAGING STRATEGIC CHANGE AT GEOTHERMAL DEVELOPMENT COMPANY IN KENYA

2016 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Rebecca Tallam Jepchirchir ◽  
Dr. Florence Memba
Keyword(s):  
Decision Making ◽  
Change Management ◽  
Strategic Change ◽  
Strategy Implementation ◽  
Short Term ◽  
Unit Of Analysis ◽  
Face To Face ◽  
Interview Guide

Purpose: This research project aimed at investigating the management of strategic change at Geothermal Development Company.Methodology: This study adopted a case study since the unit of analysis was biased to one organization that is GDC. Face to face interviews were carried out.  Permission from the organization was sought and consent from individual heads of divisions was also requested through a formal letter. The data obtained from the interview guide was analyzed qualitatively.Results: From the study, the researcher found that GDC change management as a critical decision making for the institution. In addition leadership in GDC strongly influences change.Unique contribution to theory, practice and policy: Management should address the challenge of insufficient resources to facilitate strategy implementation. The management of GDC should also be forecasting on the long term strategic change and minimize creation of short term forecasts that requires change that will not take them to the forecasted long term objectives.

scholarly journals Emotion in animal contests

2020 ◽  
Vol 287 (1939) ◽  
pp. 20201715
Author(s):  
Andrew Crump ◽  
Emily J. Bethell ◽  
Ryan Earley ◽  
Victoria E. Lee ◽  
Michael Mendl ◽  
...  
Keyword(s):  
Decision Making ◽  
Animal Cognition ◽  
Affective States ◽  
Resource Value ◽  
Short Term ◽  
Behavioural Responses ◽  
Contest Behaviour ◽  
Outcome Probability

Emotions encompass cognitive and behavioural responses to reward and punishment. Using contests as a case-study, we propose that short-term emotions underpin animals' assessments, decision-making and behaviour. Equating contest assessments to emotional ‘appraisals', we describe how contestants appraise more than resource value and outcome probability. These appraisals elicit the cognition, drive and neurophysiology that governs aggressive behaviour. We discuss how recent contest outcomes induce long-term moods, which impact subsequent contest behaviour. Finally, we distinguish between integral (objectively relevant) and incidental (objectively irrelevant) emotions and moods (affective states). Unlike existing ecological models, our approach predicts that incidental events influence contest dynamics, and that contests become incidental influences themselves, potentially causing maladaptive decision-making. As affective states cross contexts, a more holistic ethology (incorporating emotions and moods) would illuminate animal cognition and behaviour.

Forest Management Decision-Making: Art or Science?

1981 ◽  
Vol 57 (5) ◽  
pp. 233-238 ◽  
Author(s):  
T. H. Hall
Keyword(s):  
Decision Making ◽  
Forest Management ◽  
Simulation Modeling ◽  
Forest Planning ◽  
Management Decision ◽  
Creative Design ◽  
Management Decision Making ◽  
Evaluation Techniques ◽  
Making Art

This paper describes an approach to forest management decision-making. Acknowledging both objective and subjective elements, the approach offers a methodology to encourage more creative design in forest planning. It uses the descriptive capabilities of simulation modeling in tandem with the prescriptive capabilities of graphical evaluation techniques, to facilitate the use and interpretation of technical forestry information in decision-making problems. It emphasizes a need for an overview of long-term resource behavior as a prerequisite to, and a framework for, forest planning.

scholarly journals A Q-RUNG ORTHOPAIR FUZZY GLDS METHOD FOR INVESTMENT EVALUATION OF BE ANGEL CAPITAL IN CHINA

2020 ◽  
Vol 26 (1) ◽  
pp. 103-134 ◽  
Author(s):  
Huchang Liao ◽  
Hongrun Zhang ◽  
Cheng Zhang ◽  
Xingli Wu ◽  
Abbas Mardani ◽  
...  
Keyword(s):  
Decision Making ◽  
Fuzzy Set ◽  
Distance Measure ◽  
Intuitionistic Fuzzy Set ◽  
Multiple Criteria Decision Making ◽  
Multiple Criteria ◽  
Investment Evaluation ◽  
Dominance Score ◽  
Do So

As a generalized form of both intuitionistic fuzzy set and Pythagorean fuzzy sets, the q-rung orthopair fuzzy set (q-ROFS) has strong ability to handle uncertain or imprecision decisionmaking problems. This paper aims to introduce a new multiple criteria decision making method based on the original gain and lost dominance score (GLDS) method for investment evaluation. To do so, we first propose a new distance measure of q-rung orthopair fuzzy numbers (q-ROFNs), which takes into account the hesitancy degree of q-ROFNs. Subsequently, two methods are developed to determine the weights of DMs and criteria, respectively. Next, the original GLDS method is improved from the aspects of dominance flows and order scores of alternatives to address the multiple criteria decision making problems with q-ROFS information. Finally, a case study concerning the investment evaluation of the BE angle capital is given to illustrate the applicability and superiority of the proposed method.

scholarly journals Not Going Pro: On Seeking Lasting Returns from College Sports

2016 ◽  
Vol 2 (1) ◽  
pp. 188 ◽  
Author(s):  
Matthew Horner ◽  
Neal Ternes ◽  
Christopher McLeod
Keyword(s):  
Decision Making ◽  
Ncaa Division I ◽  
Capital Investment ◽  
Student Athletes ◽  
Sport Participation ◽  
National Collegiate Athletic Association ◽  
Collegiate Athletics ◽  
Division I ◽  
Personal Investment

The National Collegiate Athletic Association (NCAA) clearly states there are many favorable qualities derived from participation that benefit those “who go pro in something other than sports.” However, the ability of collegiate athletics to deliver on the promise of attributable long-term vocational value is rarely questioned. Instead, student-athletes are encouraged to think of their participation as a personal investment with enduring rewards for the investor. In this study involving former NCAA Division I student-athletes, the authors examined whether participation can be regarded as an investment and how student-athletes perceive the returns thus derived. Extending Becker’s (1962) theory of human capital investment to sport participation, the authors probed participants’ experiences for evidence of investment thinking and lasting benefits in corporeal, economic, social, and cultural varieties. The findings support the notion that participation in collegiate athletics can be broadly defined as an investment, but not in accordance with the long-term utility maximizing rationale described by neoclassical economists. Furthermore, the high cost of participation, inherent uncertainty, and unreliable information confound the athlete’s decision-making and blur the distinction between consumption in the present and investing for the future.

Cordaid’s Post-Disaster Shelter Strategy in Haiti: Linking Relief and Development

2014 ◽  
Vol 39 (3) ◽  
pp. 77-85
Author(s):  
Harmen Janse ◽  
Kees van der Flier
Keyword(s):  
Urban Area ◽  
Urban Areas ◽  
Life Support ◽  
Comparative Case Study ◽  
Urban Context ◽  
Short Term ◽  
Stage Of Development ◽  
Post Disaster

Haiti was struck by a heavy earthquake in 2010 and international aid poured into the country. News reports in 2011 were not very positive about the results of post-disaster reconstruction: “The relief efforts are only putting Haiti on life-support instead of evolving into the next stage of development”. One of the non-governmental organisations (NGOs) involved in Haiti was Cordaid, implementing a ‘transitional shelter strategy’ to support the transformation of neigh-bourhoods from a state of life-support into a state of self-sustaining development. The strategy was implemented in both a rural and an urban area. The main feature of the strategy was the provision of structures that could be adapted from simple shelters to permanent houses. Since the results of the strategy were mixed and ambiguous, a comparative case study was conducted to evaluate the shelter strategy in both areas. The objective was to draw lessons about what has to be taken into account when formulating future urban shelter strategies. The case study is discussed in this article. The main finding from the case study is that producing the intended number of shelters within the financial and time budgets that were set (efficiency), was more difficult in the urban area than in the rural area. But the conditions for linking relief and development (effectiveness) are more favourable in the urban context. NGOs may achieve long-term (effective) results in the urban context when a lower efficiency can be justified. That is why NGOs need to engage in a debate about the extent to which they are able to focus on long-term shelter or housing strategies. The important element in the debate is communication with the donors who are often focused on short-term relief measures. However urban areas cannot be rebuilt with only short-term interventions. The link between relief and development has to be made by a process-orientated approach focusing on capacities of local participants.

Drifting the goals archetype: a systemic study

Kybernetes ◽  
2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Virupaxi Bagodi ◽  
Biswajit Mahanty
Keyword(s):  
Decision Making ◽  
Systems Thinking ◽  
Decision Makers ◽  
Content Type ◽  
Area Of Interest ◽  
Complex Decision Making ◽  
Complex Decision ◽  
Current Reality

PurposeManagerial decision-making is an area of interest to both academia and practitioners. Researchers found that managers often fail to manage complex decision-making tasks and system thinkers assert that generic structures known as systems archetypes help them to a great deal in handling such situations. In this paper, it is demonstrated that decision makers resort to lowering of goal (quick-fix) in order to resolve the gap between the goal and current reality in the “drifting the goals” systems archetype.Design/methodology/approachA real-life case study is taken up to highlight the pitfalls of “drifting the goals” systems archetype for a decision situation in the Indian two-wheeler industry. System dynamics modeling is made use of to obtain the results.FindingsThe decision makers fail to realize the pitfall of lowering the goal to resolve the gap between the goal and current reality. It is seen that, irrespective of current less-than-desirable performance, managers adopting corrective actions other than lowering of goals perform better in the long run. Further, it is demonstrated that extending the boundary and experimentation results in designing a better service system and setting benchmarks.Practical implicationsThe best possible way to avoid the pitfall is to hold the vision and not lower the long term goal. The managers must be aware of the pitfalls beforehand.Originality/valueSystems thinking is important in complex decision-making tasks. Managers need to embrace long-term perspective in decision-making. This paper demonstrates the value of systems thinking in terms of a case study on the “drifting the goals” systems archetype.

Disaster Management and Continuity Planning in Libraries

2016 ◽  
Vol 5 (1) ◽  
pp. 26-41 ◽  
Author(s):  
Rebecca Hamilton ◽  
Diane Brown
Keyword(s):  
Success Factor ◽  
Short Term ◽  
Continuity Planning ◽  
Critical Success ◽  
Business Operations ◽  
Asset Recovery ◽  
Disaster Preparation

Libraries are taking on new roles in a disaster and with that comes strategic responsibilities beyond traditional asset recovery activities. In the past, library disaster plans have emphasized recovery of materials. Here, the emphasis is on continuing business operations. Libraries have become the centers of communication for their communities in a crisis. This article will demonstrate the essential role of libraries before, during and after a disaster, both short term and long term and how to get a seat at the table with community planners by demonstrating the functions that are critical to recovery. A literature review and case study are used to develop these recommendations. A critical success factor is to use a disaster preparation methodology that includes a business continuity plan.

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