Template-Type: ReDIF-Article 1.0
Author-Name: G. Michalski
Author-Workplace-Name: Department of Corporate Finance and Value Management, Wroclaw University of Economics, Wroclaw, Poland
Title: Corporate inventory management with value maximization in view
Abstract: The basic financial purpose of the firm is maximization of its value. An inventory management should also contribute to the realization of this basic aim. Many current assets management models which we can find in the literature relating to financial management were constructed with the assumption of book profit maximization as the basic aim. These models could be lacking what relates to another aim, i.e., maximization of the enterprise value. This article presents the value based inventory management model modification.
Keywords: inventory management, value based management, free cash flow
Journal: Agricultural Economics
Pages: 187-192
Volume: 54
Issue: 5
Year: 2008
DOI: 10.17221/251-AGRICECON
File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/251-AGRICECON.html
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Handle: RePEc:caa:jnlage:v:54:y:2008:i:5:id:251-AGRICECON

Template-Type: ReDIF-Article 1.0
Author-Name: M. Beránková
Author-Workplace-Name: Faculty of Economics and Management, Czech University of Life Sciences, Prague, Czech Republic
Author-Name: L. Dömeová
Author-Workplace-Name: Faculty of Economics and Management, Czech University of Life Sciences, Prague, Czech Republic
Author-Name: M. Houška
Author-Workplace-Name: Faculty of Economics and Management, Czech University of Life Sciences, Prague, Czech Republic
Title: User-oriented methodology of communication with expert systems
Abstract: The article deals with communication between a user and an expert system, especially from the viewpoint of psychology aspects of the communication process. Psychological factor of the communication between the user and the expert system seems to be marginal, although it is a necessary part of a final methodology of the expert system development. Domain expert, knowledge engineer as well as IT expert, who takes part in the expert system creation, usually sets up a unified and static communication interface that is identical for all users. The communication process form highly influences user's satisfaction of working with the expert system and his willingness to reuse that system. User's satisfaction expressed by some metrics is one of the key indicators of both efficiency and effectiveness of the expert system. If the system is not used because of the user's discontent, the money spent for its creation cannot be understood as an investment (asset), but as an expense. In the article, there are classified the users from the point of view of their personality type and some recommendations for a communication project development in the frame of the methodology of the expert system creation are suggested.
Keywords: interface, communication, user, expert system, Jung's typology of personality, communication project, scenarios
Journal: Agricultural Economics
Pages: 193-201
Volume: 54
Issue: 5
Year: 2008
DOI: 10.17221/248-AGRICECON
File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/248-AGRICECON.html
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Handle: RePEc:caa:jnlage:v:54:y:2008:i:5:id:248-AGRICECON

Template-Type: ReDIF-Article 1.0
Author-Name: K. Srnec
Author-Workplace-Name: Institute of Tropics and Subtropics, Czech University of Life Sciences, Prague, Czech Republic
Title: Conditions for the transformation of the MFIs from informal to formal types
Abstract: The article supplies the information concerning the transformation of informal MFIs to formal ones (Srnec, Havrland 2006). It underlines some risks of finance investors to the microfinancial segment of money market. Financial investors influence the possible development of MFIs and reverse. In contrary, MFIs can farcify or weaken the economic development in local areas and thus to decrease the financial effect and farm sustainable development.
Keywords: microfinance, MFIs, life-cycle, critical triangle, transformation
Journal: Agricultural Economics
Pages: 202-208
Volume: 54
Issue: 5
Year: 2008
DOI: 10.17221/249-AGRICECON
File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/249-AGRICECON.html
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Handle: RePEc:caa:jnlage:v:54:y:2008:i:5:id:249-AGRICECON

Template-Type: ReDIF-Article 1.0
Author-Name: I. Boháčková
Author-Workplace-Name: Faculty of Economics and Management, Czech University of Life Sciences, Prague, Czech Republic
Author-Name: M. Hrabánková
Author-Workplace-Name: Faculty of Agriculture, University of South-Bohemian, České Budějovice, Czech Republic
Title: Income disparity of Czech agriculture - selected aspects
Abstract: The paper is focused on the problems of income disparity in agriculture. This economic as well as social phenomenon is often discussed, especially at the administrative level, nevertheless, it has not been exactly defined and methodically delimited yet. The comparison of average wages of farmers with average wages in inhomogeneous industry and with average wages in the very sector-differentiated national economy used today can be considered as problematic. In the paper, the possible system of income disparity monitoring is suggested which would remove the current deficiencies. In its frame, a special attention is paid to regional aspects of income disparity and the relation of wages and labour productivity.
Keywords: income disparity, agriculture, categorization, regional approach, labour productivity
Journal: Agricultural Economics
Pages: 209-216
Volume: 54
Issue: 5
Year: 2008
DOI: 10.17221/250-AGRICECON
File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/250-AGRICECON.html
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Handle: RePEc:caa:jnlage:v:54:y:2008:i:5:id:250-AGRICECON

Template-Type: ReDIF-Article 1.0
Author-Name: E. Šilerová
Author-Workplace-Name: Faculty of Economics and Management, Czech University of Life Sciences, Prague, Czech Republic
Author-Name: L. Kučírková
Author-Workplace-Name: Faculty of Economics and Management, Czech University of Life Sciences, Prague, Czech Republic
Title: Knowledge and information systems
Abstract: We can see that the today's management level of informations is not quite fully controlled in most businesses. Nowadays generation of information systems creates support for business processes with the aim of optimalization of these processes on the bases of experiences with similar business processes. Today's information systems are at the level of data management or information management. Quite a few manage information processes in the area of tactical and strategic planning and almost no one manages processes in the areas of gathering, distribution and sharing of knowledge in business. We can say, that investments to the information technologies do not guarantee the successful way to the management of information and knowledge in business.
Keywords: information technology, communication technology, Internet, information system, data, information, knowledge
Journal: Agricultural Economics
Pages: 217-223
Volume: 54
Issue: 5
Year: 2008
DOI: 10.17221/245-AGRICECON
File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/245-AGRICECON.html
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Handle: RePEc:caa:jnlage:v:54:y:2008:i:5:id:245-AGRICECON

Template-Type: ReDIF-Article 1.0
Author-Name: K. Ogundari
Author-Workplace-Name: Georg-August University of Göttingen, Göttingen, Germany
Title: Resource-productivity, allocative efficiency and determinants of technical efficiency of rainfed rice farmers: A guide for food security policy in Nigeria
Abstract: This paper analyses the resource-productivity, technical efficiency (TE) and allocative efficiency of rain fed farmers in Nigeria. The results of the parameters that enter the production function shows that herbicide has the highest elasticities, then seeds, followed by fertilizer and land while labour has the least contribution to output. Also, the result for the allocative efficiency based on the computed MVPx = Px show that none of the respondents optimally allocated the inputs. However, a greater number of the respondents were found to underutilized variables like land, seeds, fertilizer and herbicide (MVPx < Px) while a greater number of the farmers over utilized labour (MVPx > Px). But in both cases, it was revealed that the use of more labour decreased the rice production from the study faster than any of the selected variables. The mean TE index was found to be 0.75. This suggests that 0.25 of rice yield is forgone due to inefficiency. The significant gamma (γ) value of 0.873 establishes the fact that a high level of technical inefficiency exists among the sampled farmers. Extension contact and access to credit are found to be significant determinants of TE among the farmers. Hence, agricultural policy makers in Nigeria should focus on how farmers could follow appropriate farm practices in the course of technology adoption to prevent under utilization of farm inputs via the intensification of extension activities in the country and accessibility to credit by farmers should be given more priority. Pursuing these will raise the productivity and efficiency of rice production in the country in the long run.
Keywords: resource productivity, allocative efficiency, technical inefficiency, rice, food policy
Journal: Agricultural Economics
Pages: 224-233
Volume: 54
Issue: 5
Year: 2008
DOI: 10.17221/246-AGRICECON
File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/246-AGRICECON.html
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Handle: RePEc:caa:jnlage:v:54:y:2008:i:5:id:246-AGRICECON

Template-Type: ReDIF-Article 1.0
Author-Name: M. Fejfarová
Author-Workplace-Name: Faculty of International Relations, University of Economics, Prague, Czech Republic
Title: Utility function applied to interregional cooperation: case of the ASEM
Abstract: This article presents one possible point of view on the interregional cooperation through the optic of neorealist and neoliberal international relation theories. Applying the constructivist approach to utility function and creating utility function of regions, the author aims to explain the reasons of difficulties of interregional cooperation from the two above mentioned rational points of view. The conclusions are drawn on the case of the Asia Europe Meeting cooperation showing that a low integration of a participating region may hamper an interregional cooperation, and that the current economic policy of the EU towards the Asian region is on the right track.
Keywords: interregionalism, regional integration, the ASEM, the EU, utility function
Journal: Agricultural Economics
Pages: 234-244
Volume: 54
Issue: 5
Year: 2008
DOI: 10.17221/247-AGRICECON
File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/247-AGRICECON.html
File-Format: text/html
X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-200805-0007.txt
Handle: RePEc:caa:jnlage:v:54:y:2008:i:5:id:247-AGRICECON