scholarly journals Hedge effectiveness assesment in non-financial organizations: economic approach

Author(s):  
P. Pankou

The existing approaches to assessing the effectiveness of risk hedging with derivatives according to various criteria have been considered. As a result it was found that in economic literature it is not paid enough attention to the development of assessment methodology, which take into account the impact of risk hedging on the overall performance of the organization. In this regard, an economic approach to assessing the effectiveness of hedging has been proposed; it is based on the comparison two basic categories of the efficiency theory – the achieved effects and the associated costs. Within the framework of this approach the effects of hedging that affect the overallresult of the organization’s activities were proposed. Also the costs associated with hedging were systematized into external and internal. The essential content of the proposed economic approach is presented in comparison with other approaches, which contributes to understanding the criteria for assessment hedge effectiveness in each specific case. The application of the proposed economic approach in non-financial organizations will contribute to improving the quality of risk hedging by using performance assessment criteria that meet the current goals of the organization and the requirements of senior management.

Omega ◽  
2017 ◽  
Vol 69 ◽  
pp. 115-125 ◽  
Author(s):  
F.S. Pinto ◽  
A.S. Costa ◽  
J.R. Figueira ◽  
R.C. Marques

2021 ◽  
Author(s):  
Yinzi Jin ◽  
Wenya Tian ◽  
Yahang Yu ◽  
Wen Pan ◽  
Beibei Yuan

Abstract Background: As the first step towards building a gatekeeping system in China, the governments have introduced a contracted family doctor service (CFDS) policy in primary healthcare (PHC) facilities since 2016. The impact of performance-based salary (PBS) system incentive on performance remained unknown. This study was to examine the association between the PBS adding incentive for CFDS and the performance indicators of diabetes care. Methods: We conducted a cross-sectional study in 72 PHC facilities in 6 cities that piloted the CFDS, extracting 827 PHC health workers and 420 diabetes patients. The PHC health workers’ performance on delivery of diabetes care focused on the continuity and coordination of care. The outcome performance of diabetes care was measured by patients’ utilization of diabetes care and control of blood glucose reported by patients.Results: PHC health workers whose performance on contracted service was included in the overall performance assessment had 0.279 (95% CI 0.031-0.526) more score of the continuity of care, and had 92.6% (OR 1.926, 95% CI 1.160-3.197) higher likelihood of good coordination of care. PHC health workers whose performance linked with increased income were 168.1% (OR 2.681, 95% CI 1.502-4.788) and 78.0% (OR 1.780, 95% CI 1.220-2.597) more likely to have good continuity and coordination of care, respectively. The facility level analysis showed that additional one-point percentage of PHC health workers whose performance on contracted service was included in the overall performance assessment, and additional one-point percentage of whose performance assessment increased their income was associated with 7.192 (OR 8.192, 95% CI 1.903-35.266) times and 52.2% (OR 1.522, 95% CI 1.055-2.196) higher probability of having their patients with control of blood glucose. Additional one-point percentage of PHC health workers whose performance assessment increased their income was associated with 0.559 (95% CI 0.139-0.979) more score on patients’ utilization of diabetes care.Conclusions: Inclusion of the requirements on CFDS into the assessment criteria, and adding the incentives rewarding better performance on contracted family doctors into PBS system for PHC health workers were associated with better delivery process and outcome performance on diabetes care.


Author(s):  
Ryad Bouzouidja ◽  
Béatrice Béchet ◽  
Jitka Hanzlikova ◽  
Michal Sněhota ◽  
Cécile Le Guern ◽  
...  

2016 ◽  
Vol 24 ◽  
pp. 9 ◽  
Author(s):  
Emilie Mitescu Reagan ◽  
Thomas Schram ◽  
Kathryn McCurdy ◽  
Te-Hsin Chang ◽  
Carla M. Evans

Summative performance assessments in teacher education, such as the Performance Assessment for California Teachers (PACT) and the edTPA, have been heralded through polices intended to enhance the quality of the teaching profession and raise its stature among other professions. However, the development and implementation of the PACT, and subsequently the edTPA, have not been without controversy and debate. The purpose of this article is to assess the implementation, impact, and evolution of the PACT and edTPA. To do so, we review the growing body of literature on the impact and implementation of the PACT and critically analyze the state policies surrounding the edTPA. We raise questions about the practical and policy implications of the PACT’s evolution, as a statewide assessment, to the edTPA, a nationally available assessment.


2019 ◽  
Vol 25 (6) ◽  
pp. 841-846
Author(s):  
Heonseop Eom ◽  
Sami Flimban ◽  
Anup Gurung ◽  
Heejun Suk ◽  
Yongcheol Kim ◽  
...  

Managed aquifer recharge (MAR), an intentional storage of excess water to an aquifer, is becoming a promising water resource management tool to cope with the worldwide water shortage. Bioclogging is a commonly encountered operational issue that lowers hydraulic conductivity and overall performance in MAR. The current study investigates the impact of carbon and nitrogen in recharge water on bioclogging in MAR. For this investigation, continuous-flow columns packed with sand grains were operated with influents having 0 (C1), 5 (C2), and 100 mg/L (C3) of glucose with or without introduction of nitrate. Hydraulic conductivity was analyzed to evaluate bioclogging in the systems. In C1 and C2, hydraulic conductivity was not significantly changed overall. However, hydraulic conductivity in C3 was decreased by 28.5% after three weeks of operation, which appears to be attributed to generation of fermentation bacteria. Introduction of nitrogen to C3 led to a further decrease in hydraulic conductivity by 25.7% compared to before it was added, most likely due to stimulation of denitrifying bacteria. These findings indicate that high carbon contents and introduction of additional nitrogen in recharge water cause serious bioclogging in MAR, suggesting the necessity for controlling quality of recharge water.


2014 ◽  
Vol 2 ◽  
pp. 75-82 ◽  
Author(s):  
Daria Benz ◽  
Elena Kozlova ◽  
Elena Silova

Issues related to research of the corporate sector efficiency are extremely important because it is the corporations, which act as a nucleus of almost any economic system. Efficiency of the corporations is largely due to internal corporate quality interactions, i.e. the level of contractual relations efficiency. In the existing economic literature, the questions of contractual relations efficiency still lack sufficient investigation. The present article examines the efficiency of the contractual relations and the factors affecting it, as well as problems of opportunism in Russian corporations and its impact on the contractual relations efficiency.  In the graphic models presented, the efficiency curves of contractual relations and opportunism are described; the major factors that reduce the contractual relations efficiency in corporations are highlighted. The article examines the impact on the contractual relations efficiency of quality of corporate institutes. The basic corporate institutes and their key features are allocated. A quantitative analysis of the contractual relations efficiency, by building production functions of Cobb-Douglas, is conducted; this analysis introduces indicators characterizing the dividend policy and the level of remuneration for management personnel as factors.


2017 ◽  
Author(s):  
Rajat Kumar Agarwal ◽  
Amit Sedai ◽  
Kumari Ankita ◽  
Lalith Parmar ◽  
Rakesh Dhanya ◽  
...  

BACKGROUND Successful models of information and communication technology (ICT) applied to cost-effective delivery of quality care in low- and middle-income countries (LMIC) are an increasing necessity. Severe thalassemia is one of the most common life-threatening noncommunicable diseases of children globally. OBJECTIVE The aim was to study the impact of ICT on quality of care for severe thalassemia patients in LMIC. METHODS A total of 1110 patients with severe thalassemia from five centers in India were followed over a 1-year period. The impact of consistent use of a Web-based platform designed to assist comprehensive management of severe thalassemia (ThalCare) on key indicators of quality of care such as minimum (pretransfusion) hemoglobin, serum ferritin, liver size, and spleen size were assessed. RESULTS Overall improvements in initial hemoglobin, ferritin, and liver and spleen size were significant (P<.001 for each). For four centers, the improvement in mean pretransfusion hemoglobin level was statistically significant (P<.001). Four of five centers achieved reduction in mean ferritin levels, with two displaying a significant drop in ferritin (P=.004 and P<.001). One of the five centers did not record liver and spleen size on palpation, but of the remaining four centers, two witnessed a large drop in liver and spleen size (P<.01), one witnessed moderate drop (P=.05 for liver; P=.03 for spleen size), while the fourth witnessed a moderate increase in liver size (P=.08) and insignificant change in spleen size (P=.12). CONCLUSIONS Implementation of computer-assisted treatment planning and performance assessment consistently and positively impacted indexes reflecting effective delivery of care to patients suffering from severe thalassemia in LMIC.


2018 ◽  
Vol 19 (1) ◽  
pp. 32-73 ◽  
Author(s):  
Florian Wöhlbier ◽  
Gilles Mourre ◽  
Caterina Astarita

Abstract This paper designs a horizontal indicator-based assessment methodology aimed at identifying those EU countries presenting a potential need and scope for shifting taxation away from labour to other tax bases less detrimental to growth. The assessment methodology, as a first step, selects a set of indicators measuring specific aspects of tax policy. Subsequently, for each individual indicator, performance thresholds are calculated based on a benchmarking approach. Finally, a screening algorithm based on commonly accepted findings from the relevant economic literature is used to assess the overall performance of a country in two policy areas, namely the need for a tax shift and the scope for it. Various robustness checks are performed.


Water ◽  
2020 ◽  
Vol 12 (2) ◽  
pp. 497 ◽  
Author(s):  
Bashir Ahmad ◽  
Hung Duy Pham ◽  
Muhammad Ashfaq ◽  
Junaid Alam Memon ◽  
Rakhshanda Bano ◽  
...  

The basic objective of the irrigation reforms, i.e., participatory irrigation management in Pakistan, was a better economic and financial management of irrigation service delivery, equity in water distribution, and better environmental outcome. The aim of this study was to assess the optimism with the reforms package that has actually delivered expected outcomes. For this purpose, this study used a cross-sectional dataset of 567 farmers in five selected Area Water Boards (AWBs) of Punjab and Sindh provinces of Pakistan. Important institutional features including compliance, adaptiveness, clarity of objectives, good interaction, and appropriate scale, were modeled through structural equation modeling on the overall performance assessment of water use associations from a farmer’s perspective. Results suggested that clear objectives, adaptiveness, scale, and compliance show a strong relationship with an overall assessment of performance. While good interaction has not impacted significantly with an overall performance assessment. The impact of institutional feature on the overall performance assessment depends on the nature of performance considered, e.g., drivers of the economic performance of a farmer organization may not be the same as the drivers of its environmental performance. Besides offering insights on specific drivers that matter for a particular dimension of the institutional performance of farmer organizations, the study suggests that participatory irrigation management institutions are still in infancy even after decades of their introduction, and just creating institutions is neither mandatory nor sufficient. Furthermore, the institutional designs are considered critical for the success of participatory institutions. Therefore, there is a need to consider the conformity of the strategies with the existing norms and compliance to the on-going procedures.


2018 ◽  
Vol 17 (03) ◽  
pp. 391-413 ◽  
Author(s):  
Malek Khalaf Albzeirat ◽  
Muhammad Iqbal Hussain ◽  
Rosmaini Ahmad ◽  
Falah Mustafa Al-Saraireh ◽  
Israr Ahmad

The implementation of lean manufacturing practices (LMP) means a systematic approach of several management procedures and practices, which may impact content, nature and quality of people’s work. This implementation process is often performed after an accurate assessment to ensure the effectiveness and efficient execution of these practices. However, the necessity and logic of different assessments according to the situation required by assessment objective, the logic requires general rules for designing assessment with effective and reliable results. The aim of this research paper is to develop a logical perception to explain the impact of LMP on the actual and overall performance of the company and explains the computational basics and mathematical equations contributing to the assessment design of these practices to ensure efficiency and accuracy in the results. Moreover, this study also concludes a novel mathematical equations that can be used in the effective assessment to increase the effectiveness of evaluation for improvement processes in different sectors.


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