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Adaptive Management: What Does It Mean And How Can It Be Used In Fire Management?, R. J. Whelan
Adaptive Management: What Does It Mean And How Can It Be Used In Fire Management?, R. J. Whelan
Faculty of Science - Papers (Archive)
‘Adaptive Management’ is becoming a frequently heard term but it is a much misunderstood concept. It does not mean that developments can go ahead and be ‘adapted’ if detrimental effects are discovered! Its greatest value is in defining an experimental approach to land management in situations where scientific knowledge is lacking but where immediate actions are required. This is especially important where doing nothing might conceivably be just as undesirable as applying any of the alternative management options. Given the lack of knowledge of fire responses of much of our native biota, adaptive management is clearly a sensible approach to …
Analysis Of Information Cost Incurred In Foreign Exchange Risk Management By Smes, Shyam S. Bhati
Analysis Of Information Cost Incurred In Foreign Exchange Risk Management By Smes, Shyam S. Bhati
Faculty of Commerce - Papers (Archive)
In this study, the theory of Information Cost developed by Casson (1995) is used to explain the various intormatlOn cost associated with foreign exchange risk management by SMEs. From the application of Casson's theory, 1t 1S concluded that the SMEs incur maximum cost in collecting, communicating and synthesising information while managing foreign exchange risk. Also, the SMEs do not seem to have the potential to reduce these information costs because of ,their limited bargaining capacity in relation to service provIders. As such, SMEs would fit the description of "optimal" organisation as defined by Casson (1995) due to the trade-offmade by …