High Level Of Profitability Research Articles

Estimation of the efficiency of the «soy – winter wheat» crop rotation link and its influence on soil properties

Crop rotation is a systematic solution to one of the main tasks of agricultural production: rational land management, taking into account their possible effective fertility, biological potential of cultivated plants and available external and internal resources (heat, climate, fertilizers, agricultural machinery and agrochemicals) in order to maintain the most economically efficient management, which is possible with consistently high yields, with consistent reproduction of soil fertility and protection of the external environment. And as a consequence, crop rotation in this case acts as the basis of modern zonal adaptive landscape farming systems. It defines most other systems: soil cultivation and protection from erosion processes, fertilization and plant protection systems, seed production and variety change, irrigation and drainage of lands, technical systems, labor organization, etc. crop rotation «soybean-winter wheat» on merged leached chernozems and its effect on soil properties in the southern foothill zone of the Western Ciscaucasia. As a result of the study, a comprehensive assessment of the productivity of the «soybean-winter wheat» link in the crop rotation has been carried out and its positive effect on agrophysical and agrochemical properties of merged chernozems determined. It has been established that in order to obtain high-quality soybean seeds of the Mentor variety with the corresponding qualities of «the winter wheat» predecessor in the foothill zone of Adygea, it is necessary to use early sevarian conditions at a seeding rate of 0,6 million pieces/ha and a row spacing of 15 and 30 cm. To acieve a high level of production profitability, winter wheat of the Alekseich variety should be placed according to the «soybeans» predecessor against the background of surface tillage (10–12 cm). At the same time, it is proposed to apply mineral fertilizers at a rate of 200 kg/ha in the form of sulfoammophos N20P20S8, with obligatory double spring feeding of 150 kg/ha with ammonium nitrate N51+N51.

Development of an incentive model for renewable energy resources using forecasting accuracy in South Korea

AbstractThis study presents an incentive model for a renewable energy source (RES) supplier, based on forecasting accuracy. The incentive model imposes responsibility of forecasting to RES suppliers by providing an additional revenue or penalty, according to forecasting accuracy. For this, a profit analysis reflecting the current environment was performed. The structure of the incentive model is designed based on the results of profit analysis. Subsequently, the price parameter was determined using an artificially generated forecasting error of the RES. In addition, the utilization of energy storage system (ESS) is analyzed, including the operation algorithm and optimal sizing, to verify the utility of the ESS when the incentive model is applied. In the case study, the actual price data and RES data from South Korea were used. The results show that the incentive model can provide a high level of profit or penalty for the RES supplier, according to the forecasting accuracy. It is also shown that the optimal capacity of the ESS based on econometrics can be reduced by more than 50% compared with the current environment, thereby reducing the burden on the ESS investment of RES suppliers.

Cost Efficiency and Default Risk in Commercial Banks in Kenya

The purpose of this study was to evaluate effect of cost efficiency on default risk in commercial banks in Kenya. Many literature show that there have been an increased number of significant bank problems in USA, Brazil, India, Pakistan Indonesia, Ghana and even Kenya. In Kenya, the ratio of gross non-performing loans to gross loans increased from 6.8 percent in December 2015 to 9.2 percent in December 2016, subsequently increasing the default risk. The banking sector in Kenya has undergone several changes from the early 1990’s that was characterized by high level of bank failures, non-performing loans and inefficiencies to the current period that exhibits high levels of profitability, innovations like mobile and internet banking, agency banking, unsecured lending and the introduction of credit reference bureaus. The National treasury had hinted at introducing regulations to curb the high interest rate regime after commercial banks recorded huge profit margins in a high interest rate environment, even though depositors had been left dry. According to the bank supervisory report, the interest rate spread widened to 13 per cent at the end of December 2011 from 10.3 per cent by December 2010 which the CBK Governor termed as a sign of inefficiency in the banking sector. Secondary data was used in the study and descriptive survey design was applied. The target population was 42 Commercial Banks in Kenya out of which 2 were under receivership and 1 was under statutory management. Panel data for 39 commercial banks for the six years period from 2014 to 2019 were obtained from the CBK and individual bank websites. The study was guided by Agency theory, Moral hazard theory and Stakeholders theory. Descriptive statistics, correlation analysis and random and fixed effects were used for secondary data using E-views software. The findings indicated that cost efficiency highly reduces loan defaults. It was recommended that cost efficiency be improved in all commercial banks to reduce loan defaults. Keywords: Cost efficiency, Default Risk DOI: 10.7176/RJFA/12-22-06 Publication date: November 30th 2021

Influence of mineral nutrition on yield yield and quality of winter wheat surflower

Influence of mineral nutrition on yield yield and quality of winter wheat surflower

Entrepreneurship Practices and Profitability among Farmers in Jos, Nigeria

This study seeks to examine the relationship between Entrepreneurship practices and the level of profitability among farmers in Jos. The study covered small and medium scale farmer entrepreneurs within Jos North, Jos South and Jos East. A sample size of 518 was obtained from the population of 834 at 5% error tolerance and 95% level of confidence, using Simple Random Sampling. A self-structured questionnaire was used to collect data. 505(97.5%) of the questionnaire distributed were returned. The study conducted a pre-test on the questionnaire to ensure the validity of the instrument. Data collected were presented in descriptive statistics and frequency tables. The study used financial ratios such as the gross profit margin, net profit margin, returns on assets, sales per year and total assets measures were used to measure the profitability. The average values for gross profit margin, net profit margin and returns on assets are 29.47%, 19.2% and 8.2% respectively; the result shows that an individual farmer in this study can boast of a high level of profit. The study recommends among other things that governments at all levels should work to create a more conducive environment for farmer entrepreneurs to make profitable investments in agriculture.

Evaluation Model of Grain System Based on AAQN Index System

According to UN FAO, global food production in 2019 reached 2.722 billion tons, showing high profitability and efficiency levels[1]. However, while we enjoy fresh and nutritious food, people in Africa and Central Asia are suffering from starvation and nutritional deficiencies. Despite the high profitability and efficiency levels, the existing food systems are challenged by equity and sustainability problems. In order to assess the current food system and propose a rational optimization approach, we propose a linear and hierarchical food system based on the priorities of food flow and distribution. To quantify food security based on food systems, we develop the AAQN Index system to measure the affordability, availability, quality& safety, and natural resources& resilience of a food system based on the Global Food Security Index (GFSI). We select 68 indicators and calculate the indicator weights by combining the entropy weight method (EWM) with GFSI. By systematically clustering the calculated results, we classified the food systems of 113 countries/regions into: excellent, normal, and poor. Then, we adjust the priorities of the Indian food system, a poor food system, to reveal the differences before and after optimization. Finally, by predicting the future AAQN Index of Indian through Grey Relational Analysis.

Analysis of the use of industrial crossbreeding to improve the profitability of the pig industry

The aim of the research was to conduct an economic assessment of the use of industrial crossbreeding in the pig industry.
 The study was carried out in LLC "Mayak-Agro" (Ukraine) and in the laboratories of the Cherkasy National University named after Bohdan Khmelnitsky and the Cherkasy Experimental Station of Bioresources of the National Academy of Sciences of Ukraine. Ukrainian breeds of pigs were used: (Ukrainian BigWhite-1 (UBW-1), Red White-Belt (RWB) and Duroc of the Ukrainian selection "Steppe" (DUSS)). Breeds of English origin: (Big White (EBW), Landrace (L), Pietrain (P)). Crossbreeds, obtained by crossing the breeds, mentioned above. A comprehensive assessment of the reproductive capacity of a sow was carried out taking into account multiple births, the number of piglets at one month of age and the average daily gain during this period. Growth and development were monitored in terms of changes in live weight by individual weighing at birth and every month to a live weight of 100 and 120 kg.
 Regardless of maternal form, in the groups where boars of the breeds Red White-Belt and Pietrain were used, higher indicators of comprehensive assessment of reproductive capacity were obtained. The best fattening qualities characterized piglets, obtained from a combination of sows (1/2UBW-1+1/2L) with boars of the Pietrain breed (P). In comparison with other variants of crosses, in this group the animals reached a live weight of 100 kg 7.6 days earlier. Their feed costs per 1 kg of live weight gain were 3.33 feed units, which corresponds to the expected figure of 3.34 feed units when fattening up to 100 kg in 170 days. In terms of industrial pork production, breeding of animals of the group (1/4UBW-1+1/4L+1/2P) was more profitable, in which the highest level of profitability was obtained - 22.3 % for fattening up to 100 kg and 12.5 % for fattening up to 120 kg. Cultivation of three-breed hybrids to a live weight of over 100 kg led to a decrease in profitability among all research groups. The use of the genotype 1/4UBW-1+1/4L+1/2P in industrial production makes it possible to obtain animals of various weight conditions without significant additional costs and profitability level reduction.
 In the course of the research, it was found, that the best option for three-breed crossing is the use of boars of the Pietrain and Red White-Belt breeds. The use of boars of these breeds is ideal for producers looking for bacon pork. The use of boars of the Duroc breed of the Ukrainian selection "Steppe" (DUSS) makes it possible to obtain fatty pork with the possibility of fattening to different weight categories.

Regarding issues of the concept of venture investment of innovative activity

Problem setting. The current state of scientific researching the issue of venture investment of innovation activity suggests that the presence of mixing in research of diverse concepts in the field of venture investment innovation, reflection in regulations of the uncoordinated categorical definitions, leads to negative consequences in the form of legal uncertainty or even conflict, that significantly slows down the process of attracting investment. Therefore, the idea is that the building effective mechanisms of civil law regulation of venture investment of innovation activity of Ukraine in order to accelerate the commercialization of innovations as a major driving force of economy during the spread of COVID-19. Analysis of recent researches and publications. O. M. Vinnyk, S. O. Vikhrov, S. V. Hlibko, T. S. Hudima, Y. M. Zhornokuy, D. V. Zadykhaylo, O. YU. Kampi, O. P. Podtserkovnyy, V. V. Poyedynok, V. Y. Polatay, O. E. Simson have been researched the subject of innovation and investment activities. Theirs scientific minds formed the basis of this research, but the author has analyzed the current state of legislation in the given field and concluded that, in terms of civil law regulation of legal relations aimed at investing in innovation sphere, does not meet the global vector of development. To date, no systematic approach to building a holistic regulatory framework for the basic principles of formation and regulation of the venture capital market in Ukraine. So in the conditions of legislation of civil law the issues of venture investment of innovation activity in Ukraine remains open for new discussion, and the relevance of this study is obvious. Target of research is to analyze and identify the concept of venture investment of innovation activity, to determine its essence and characteristics in the civil law aspect. Article’s main body. Venture capital investment, as an element of the national innovation system, ensures the effective implementation of venture capital in the activities of private legal entities operating in the field of innovation, on a corporate or contractual basis. The high risks of such investment are due to the novelty of commercialized innovations and the early stage of bringing new high-tech products to market, created on their basis, and are reduced using of special legal forms and tools. Venture investment of innovation activity as a civil law category is a type of activity of venture investors to acquire shares (shares in the authorized capital) of legal entities of private law, carrying out innovative activities at an early stage of bringing their innovative product to market or (and) its scaling, aimed at obtaining a high level of profit from the subsequent sale of these shares (shares), characterized by high risks and long-term return on invested capital. Conclusions and prospects for the development. Analysis of the concept under this research allows us to conclude that venture investment of innovation activity is special value to the economy nowadays, demonstrating high growth potential during the spread of COVID-19. Therefore, its legal definition and legislative consolidation, taking into account the essence and characteristics, is a particularly urgent need for today's civil law regulation.

Перспективи інвестування аграрного виробництва України нафтовидобувними країнами Близького Сходу

Goal. To assess the possibilities of cooperation between Ukraine and potential importers of domestic food based on investing in agricultural production of Ukraine and mutually beneficial cooperation. Methods. Theoretical methods of scientific research: analysis and synthesis, comparison, classification, and generalization. Results. The current state of use of irrigation systems in most cases is unsatisfactory, which requires the involvement of significant investment resources for their expansion, reconstruction, and modernization. In the case of restoration of efficient use of irrigated lands with crop specialization of agricultural production, the payback period of capital costs will be 3–4 years, for the creation of a bioenergy system — 2–3 years. Currently, about 0.5 million hectares are irrigated with the potential to restore and expand irrigation on an area of 3–3.5 million hectares. Their efficient use with the improvement of the industry structure and the achievement of high levels of profitability will successfully solve the problem of ensuring food security of any of the oil-producing countries of the Middle East based on taking into account the interests of the parties and mutual benefit. Conclusions. One of the options for cooperation with Saudi Arabia (Party — 1) and Ukraine (Party — 2) in the field of agriculture is considered as a series of successive stages of joint production and investment activities. The initial stage is the production of corn and winter wheat on the lands of NAAS in the irrigation zone of 20 thousand hectares. It predicts the following conditions and obligations: Saudi Arabia provides investment resources for the implementation of projects for the restoration and expansion of irrigation systems on an area of 20 thousand hectares with an estimated capital cost of 50 million USA dollars; Ukraine develops and implements irrigation restoration and expansion projects, provides agro-technological processes of grain production and supplies it to Saudi Arabia in fulfillment of investment conditions and obligations (250 thousand tons).

РЫНОЧНАЯ КОНКУРЕНЦИЯ НА УРОВНЕ ДИСТРИБУЦИИ АГРАРНОЙ ПРОДУКЦИИ

The article proved that in the context of European integration, the intensification of competition between producers becomes a major factor of the consolidation and unification of various economic entities, because this is one of the main ways to increase competitiveness, which in turn leads to market concentration. The investigation of the market structure, its type, and hence the economic processes occurring in it, is directly related to determining the state of the competitive environment, its assessment and study of the possibilities of restricting or developing competition. The article reveals the basic principles of development of agricultural enterprises, highlights the problems and prospects of their development in a competitive environment. The importance of concentration indicators in the context of the relationship between monopoly power and the level of concentration of sellers in the market is substantiated. Methodological aspects of using the market concentration index and the Herfindahl-Hirschman index are analysed; their advantages, disadvantages and possibilities of use in the process of market structure research, its type, state of competitive environment and degree of monopolization are revealed. In the process of research the concentration of agricultural markets, it was found that there was a moderate level in almost all types of products in Ukraine, only the pork market is highly concentrated. Analysis of the competitiveness of agricultural products shows that a significant market share is occupied by crops such as sunflower and corn. Studies show that there are certain types of products that have a high level of profitability, including rapeseed and barley, but they occupy a small market share. It is established that to ensure competitive production of agricultural products requires state support of the industry through the provision of tax and credit benefits to enterprises that implement modern business methods. Further prospects for the development of the agricultural sector in Ukraine have been identified.

Pengukuran Kinerja Keuangan Bank Pembiayaan Rakyat Syariah di Indonesia Melalui Pendekatan Shariah Conformity and Profitability (SCnP) Model Pada Periode 2018-2020

Measurement of Islamic banking financial performance using conventional methods shows unsatisfactory results. This method tends to prioritize profit and override sharia compliance. This study aims to measure the financial performance of 16 selected Sharia Rural Banks in Indonesia during the 2018-2020 period. Meanwhile, the measuring instrument used is Shariah Conformity and Profitability (SCnP). The results showed that there were only 11 Sharia Rural Banks that were included in quadrant 1 meaning that the bank was performing well with a high level of sharia compliance and high profitability. There are 5 Sharia Rural Banks that are included in quadrant 2, namely banks that perform quite well with high levels of sharia compliance and low profitability

Value Added Tax on Cross-Border Digital Supplies: The Kenyan Approach under the Finance Act 2019

Advancements in the global digital economy have resulted in high levels of profitability for enterprises operating within it. The digital economy is particularly challenging for tax authorities the world over, as it is characterised by an unparalleled reliance on intangible assets and a difficulty in determining the jurisdiction in which value creation occurs. It is against this backdrop that Kenya enacted the Finance Act 2019, that had amongst its objectives, the effective taxation on the consumption of cross-border digital supplies. The amendments are largely targeted at the taxation of imported digital supplies from foreign jurisdictions to final consumers in Kenya. They place the responsibility of tax assessment and remittance to the consumer of the service. This move presents a critical departure from the previous regime where the responsibility of Value Added Tax (VAT) assessment and remittance fell on the firms supplying the service squarely. This paper critically assesses the practical efficacy and inherent weaknesses arising from the potential implementation of the proposed amendments under the VAT Act and provides recommendations on the way forward.

Производственная эффективность выращивания сортов сливы в аридных условиях Астраханской области

Abstract. Purpose. The study of biometric growth indicators, the peculiarities of the passage of the main phenological phases of development, the study of early maturity, yield and commercial qualities of fruits of various varieties of plum, substantiation of the possibility and economic feasibility of their use for setting up intensive plantings in the arid conditions of the Astrakhan region. Methods. Research is carried out in the arid conditions of the Northern Caspian region, in the laboratory of fruit and horticultural crops of the Federal State Budgetary Scientific Institution “Caspian Agrarian Federal Scientific Center of the Russian Academy of Sciences”, to study the most promising variety-rootstock combinations of plums, according to the method of variety study of fruit crops for subsequent selection and recommendation of the most promising for industrial gardening. Results. Based on the data obtained and analyzed, the highest level of profitability was obtained for varieties of plum Kubanskaya rannyaya (71.4 %) with a productivity of 2.48 kg/m3 of crown volume, and a payback of 1.79 rubles. for 1 rub. invested costs, and Anna Szpet (77.3 %) with a productivity of 1.07 kg/m3 of crown volume, with a payback of 1.77 rubles. for 1 rub. investment costs. Comparing the research results, it is concluded that the Kubanskaya rannyaya variety, which is the most profitable for industrial cultivation, has a higher productivity potential and more efficiently uses the planting area in comparison with other studied varieties. This variety can be recommended for intensive gardens in the Astrakhan region. The scientific novelty lies in the fact that, despite the wide assortment of plums that exists today, for each zone it is necessary to select both varieties and rootstocks for stable and economically viable fruit production.

Optimization of profitability and liquidity for residential projects under debt and equity financing

PurposeAn appropriate space allocation among different residence types gives higher profitability and liquidity for cash flow management in real estate projects for developers. Thereby, a balance between debt and equity should be kept for capital formation in developers where high level of cost, profit and risk exists. The purpose of this paper is to provide cash flow optimization under debt and equity financing while providing an appropriate space allocation of residence types via synchronous consideration of profitability and liquidity.Design/methodology/approachA novel optimization methodology that includes project financing, optimization and experimental design modules is proposed. The first module, project financing, considers the flexibility of utilizing one or both of debt financing and equity financing when making capital. The optimization module addresses space allocation among different residence types for a construction while maximizing profitability and liquidity using two mixed-integer linear programming models in a pre-emptive manner. The experimental design module assesses the effects of decisive parameters within the methodology via multivariate analysis of variance (MANOVA).FindingsThe proposed methodology is applied to a real-life residential project in Istanbul. The optimization module yielded 42.5% profitability via the first linear programming model and 2.2% trade-off between liquidity and profitability while minimizing the payback period by the second linear programming model. Meanwhile, MANOVA results showed that profit per square meter and sale rate trends are the most prominent factors considering their significant effects on net present value and payback period.Originality/valueTo the best knowledge of the author, related papers focused only on profitability under equity financing. Liquidity (as an objective) and equity financing (as a financing method) have not been handled. Hence, this paper not only performs profitability and liquidity-oriented cash flow optimization under debt and equity financing but also optimizes space allocation of residences for the first time.

Developing a green and bipolar fuzzy inventory-routing model in agri-food reverse logistics with postharvest behavior.

A novel periodical mixed-integer mathematical model in the field of fresh agri-food product's distribution (tomato product for instance) is developed in this paper. Green topics and two significant features of fresh agricultural products, namely freshness and ripeness, are added to the inventory routing problem (IRP) with simultaneous pickup and delivery for perishable products. The objective function tends to optimize the system total interest. In this model, traditional costs such as transportation and holding costs are considered besides up-to-date points such as expired products and customer's dissatisfaction costs. To compute the customer's dissatisfaction costs, the level of deviation from ideal quality should be measured to specify the biological postharvest behavior of fresh products. To determine the fair pricing, the patterns of quality decay have been applied. Considering the environmental effects and recycling requirements of expired crops, the reverse logistics notion has been applied to collect and reuse the wasted products. The level of greenhouse gas (GHG) emission has been controlled to reduce the harmful impressions of this gas and protect the environment. In the optimization procedure, the system total costs are developed by assuming fuzzy quality levels and fuzzy holding costs. Also, a bipolar approach has been applied for fuzzy programming. Finally, a numerical example besides sensitivity analysis and managerial insights is presented. Results show that remarking fuzzy parameters lead to lower profit and different routing and transmission. Also, applying less pollutant vehicles and increasing plant's delivery levels can be noted to reach a green environment and higher level of profit.

Analysis of the seed fruit production efficiency in the Krasnodar region and ways to improve it

The article examines the economic state and features of the fruit growing industry in the Krasnodar Territory, the main trends in its development in agricultural organizations, the area and yield of intensive orchards, problems associated with the sale of products and the dynamics of average prices. The assessment of the state support to the industry is given The dependence of the cost of 1 centner of pome fruits on the level of yield has been studied. The analysis of the dependence of the profitability of production and sale of fruits on the size of fruit-bearing orchards on farms and productivity is carried out. The optimal size of the areas for orchards in specialized organizations to ensure a high level of profitability of production has been identified, the “critical” level of yield of pome crops has been determined. The methodological aspects of determining the “break-even point” in fruit growing are considered. An improved model of the critical sales volume is proposed, taking into account the production specifics of the industry. Recommendations are given to improve the efficiency of production and sale of pome fruits.

State Biopolitics, Illicit Regimes and Security in the Guatemala–Mexico Cross-border Region

ABSTRACT The article examines the way in which the State was replaced in the municipalities that are drug trafficking routes on the border between Guatemala and Mexico, by an illicit regime that represents a particular type of narco-governmentality, which implements bio-political practices that have repercussions on the border security. Due to the institutional and financial weakness of the Guatemalan government, it has little presence on its borders. This is taken advantage of by local and transnational organized crime dedicated to cocaine trafficking, which has replaced the State and replicated its hierarchical form of control and power over the territory and its population, in order to generate a situation of narco-governmentality. In order to maintain power, they use biopolitical practices such as the use of extreme violence against other criminal groups and government security forces, which seek to put the sovereignty of their territory at risk. In addition, they apply a state of siege in their controlled territories, all in order to avoid arrest, ensure their survival, and maintain high levels of profit. As a result, the security of some border municipalities that are routes is very fragile. In this context, improving border security requires to move from a national security approach to one of citizen security.

Cycle Logistics Projects in Europe: Intertwining Bike-Related Success Factors and Region-Specific Public Policies with Economic Results

The aim of this paper is to investigate whether and which specific, distinctive characteristics of European cycle logistics projects and the corresponding supporting policies have an impact on their economic performances in terms of profit and profitability. First, we identify project success factors by geographic area and project-specific characteristics; then, we statistically test possible dependence relationships with supporting policies and economic results. Finally, we provide a value-based identification of those characteristics and policies which more commonly lead to better economic results. This way, our work may serve as a basis for the prioritization and contextualization of those project functionalities and public policies to be implemented in a European context. We found that cycle logistics projects in Europe achieve high profit and profitability levels, and the current policies are generally working well and supporting them. We also found that profit and profitability vary across the bike model utilized: mixing cargo bikes and tricycles generates the highest profit and profitability, whilst a trailer–tricycle–cargo bike mix paves the way for high volumes and market shares.

Економічна ефективність збалансованих схем удобрення картоплі столової макро- і мезоелементами на темно-сірому опідзоленому ґрунті за використання рідких фосфоровмісних добрив

Економічна ефективність збалансованих схем удобрення картоплі столової макро- і мезоелементами на темно-сірому опідзоленому ґрунті за використання рідких фосфоровмісних добрив

ОСОБЕННОСТИ РАБОТЫ РОССИЙСКИХ НЕФТЕГАЗОВЫХ КОМПАНИЙ НА КОНТИНЕНТАЛЬНОМ ШЕЛЬФЕ ЮЖНО-КИТАЙСКОГО МОРЯ В СОВРЕМЕННОМ МИРЕ

Today, when almost all major oil and gas fields on land have been discovered and developed, Russian oil and gas companies pay special attention to one of their promising areas of activity — the exploration and development of hydrocarbon resources of the continental shelf. While technology and shale oil production are progressing rapidly, it is undeniable that the future of world oil production lies on the continental shelf of the world's oceans. In recent years, Russian oil and gas companies have shown interest in foreign projects. This, according to experts, is due to economic reasons, in particular, a high level of profitability. The cost of oil production in a number of countries is many times lower than in Russia. In Iraq, for example, the cost of producing a barrel of oil is sometimes below $1, and in Western Siberia the cost can reach $12 per barrel. Another advantage for Russian investors with participation in foreign projects is their access to advanced technologies.