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Capacity Management In Agricultural Commodity Processing And Application In The Palm Industry, Onur Boyabatli, Jason Quang Dang Nguyen, Tong Wang
Capacity Management In Agricultural Commodity Processing And Application In The Palm Industry, Onur Boyabatli, Jason Quang Dang Nguyen, Tong Wang
Research Collection Lee Kong Chian School Of Business
This paper examines the capacity investment decisions of a processor that uses a commodity input to produce both a commodity output and a byproduct in the context of agricultural industries. We employ a multi-period model to study the optimal one-time processing and (output) storage capacity investment decisions---in addition to the periodic processing and inventory decisions---when both input and output spot prices as well as production yield are uncertain. We characterize the optimal decisions and perform sensitivity analysis to investigate how spot price uncertainty affects the processor's optimal capacity and profitability. Using a calibration based on the palm industry, we study …
Farm Deaths And Injuries: Changing Irish Farmer Attitudes And Behaviour On Farm Safety, Maurice Murphy, Kieran O'Connell
Farm Deaths And Injuries: Changing Irish Farmer Attitudes And Behaviour On Farm Safety, Maurice Murphy, Kieran O'Connell
Dept. of Management & Enterprise Conference Material
While the Irish agricultural sector accounts for just 6% of the working population of Ireland, it consistently has the highest proportion of fatal incidents of any sector - generally ranging from between 35% and 45% of all workplace fatalities in any given year. This was again evident in 2014 where 55% (30 of the 56) of the fatal workplace incidents were in the agricultural sector. Agriculture has an ageing workforce with the average age of an Irish farmer now standing at fifty-seven and farmers are eight times more likely to be fatally injured in a farm accident than the general …