Home About us Contact
|
Home About us Contact | ||
|
|
||
Investment Planning (investment + planning)
Selected AbstractsInvestment planning under uncertainty and flexibility: the case of a purchasable sales contract*AUSTRALIAN JOURNAL OF AGRICULTURAL & RESOURCE ECONOMICS, Issue 1 2008Oliver Musshoff Investment decisions are not only characterised by irreversibility and uncertainty but also by flexibility with regard to the timing of the investment. This paper describes how stochastic simulation can be successfully integrated into a backward recursive programming approach in the context of flexible investment planning. We apply this hybrid approach to a marketing question from primary production which can be viewed as an investment problem: should grain farmers purchase sales contracts which guarantee fixed product prices over the next 10 years? The model results support the conclusion from dynamic investment theory that it is essential to take simultaneously account of uncertainty and flexibility. [source] High-yielding capacity building in irrigation system management: targeting managers and operators,,IRRIGATION AND DRAINAGE, Issue 3 2008Thierry Facon développement des capacités; gestion du système; Asie Abstract Irrigation management is facing complex challenges evolving with the transformation of agriculture, competition over resources, environmental concerns, without forgetting the critical objective of food production. Managers are ill prepared to meet these challenges and the FAO called for and initiated a massive retraining programme of engineers and managers on irrigation system modernization to address these issues, starting in Asia. Results from this first generation of interventions confirmed the lack of success of many investments and institutional reforms, gaps in capacity and training and the potential for achieving significant improvements at minimal cost by focusing on system operation. The FAO prepared new guidelines for improving system operation and management (MASSCOTE) based on service-oriented management concepts, tested them through training workshops in Nepal, India and China and is disseminating them through a second-generation training programme building on first- generation knowledge synthesis. This paper presents the FAO's strategic approach to capacity building on service-oriented management. It builds on the major lessons drawn from past programmes and is based on three interrelated thrusts: at the system, state and regional/global levels. Concepts, methodologies, lessons learned on upscaling to policy and long-term investment planning, limitations and conditions for success and future programme development are discussed. Copyright © 2008 Food and Agriculture Organization of the United Nations (FAO) and John Wiley & Sons, Ltd. La gestion de l'irrigation est confrontée à des défis complexes en évolution avec la transformation de l'agriculture, la concurrence sur les ressources, les préoccupations environnementales, sans oublier l'objectif critique de la production alimentaire. Les gestionnaires sont mal préparés pour répondre à ces défis et la FAO a lancé un vaste programme de nouvelle formation des ingénieurs et cadres sur la modernisation des systèmes d'irrigation pour traiter ces questions, en commençant par l'Asie. Les résultats de cette première génération d'interventions ont confirmé le manque de succès de beaucoup d'investissements et de réformes institutionnelles, les lacunes dans les capacités et la formation et les possibilités de parvenir à des améliorations significatives à peu de frais en se concentrant sur le fonctionnement du système. La FAO a élaboré de nouveaux guides pour améliorer l'exploitation et la gestion des systèmes (MASSCOTE) basés sur les concepts de service, les a testés par des ateliers de formation au Népal, en Inde et en Chine et les a diffusés par une deuxième génération de programmes de formation s'appuyant sur la synthèse des connaissances de première génération. Cet article présente l'approche stratégique de la FAO pour le renforcement des capacités de gestion orientée sur le service. Il s'appuie sur les principaux enseignements tirés des précédents programmes et repose sur trois axes étroitement liés: au niveau du système, de l'état et régional/mondial. Les concepts, les méthodes, les leçons apprises sur les politiques et la planification des investissements à long terme, les limites et les conditions du succès, et le développement des programmes futurs sont discutés. Copyright © 2008 Food and Agriculture Organization of the United Nations (FAO) and John Wiley & Sons, Ltd. [source] Operations Risk Management: Overview of Paul Kleindorfer's ContributionsPRODUCTION AND OPERATIONS MANAGEMENT, Issue 5 2007Morris A. Cohen This paper reviews Paul Kleindorfer's contributions to Operations Management (OM), with a special focus on his research on risk management. An annotated bibliography of selected other contributions reviews the breadth of topics that have occupied Kleindorfer's research attention over his now 45 + years of research. These include optimal control theory, scheduling theory, decision sciences, investment planning and peak load pricing, plus a number of important applications in network industries and insurance. In the area of operations risk management, we review recent work that Kleindorfer and his colleagues in the Wharton Risk Center have undertaken on environmental management and operations, focusing on process safety and environmental risks in the chemical industry. This work is directly related to Kleindorfer's work in the broader area of "sustainable operations", which he, Kal Singhal and Luk Van Wassenhove recently surveyed as part of the new initiative at POMS to encompass sustainable management practices within the POMS community. Continuing in the area of supply chain risks, the paper reviews Kleindorfer's contributions to the development of an integrated framework for contracting and risk hedging for supply management. The emphasis on alignment of pricing, performance and risk management in this framework is presaged in the work undertaken by Kleindorfer and his co-authors in the 1980s on after-sales support services for high-technology products. This work on supply chain risk, and its successors, is reviewed here in light of its growing importance in managing the unbundled and global supply chains characteristic of the new economy. [source] Investment planning under uncertainty and flexibility: the case of a purchasable sales contract*AUSTRALIAN JOURNAL OF AGRICULTURAL & RESOURCE ECONOMICS, Issue 1 2008Oliver Musshoff Investment decisions are not only characterised by irreversibility and uncertainty but also by flexibility with regard to the timing of the investment. This paper describes how stochastic simulation can be successfully integrated into a backward recursive programming approach in the context of flexible investment planning. We apply this hybrid approach to a marketing question from primary production which can be viewed as an investment problem: should grain farmers purchase sales contracts which guarantee fixed product prices over the next 10 years? The model results support the conclusion from dynamic investment theory that it is essential to take simultaneously account of uncertainty and flexibility. [source] | ||||||||||