Search
Search Results
-
Correlation of pruning time and fruiting part differentiation of sweet cherry cultivars
131-134Views:222There are several extended studies in sweet cherry production in Hungary and all over the world i.e. for creation and maintainence of smaller tree crown and high density orchards. The use of suitable dwarf rootstocks for this fruit species are very limited. On one hand, most of the draf rootstocks do not cause enough growth reduction and on the other hand these rootstocks are get old very quikcly and their fruits become small, and therefore, they not serve the requirements for intensification. In summary, there is a need for those rootstock which are vital, regeneration enhanching and delay ageing. Due to ensuring above features, Prunus mahaleb is still an obvious solution for intesive production. Increasing intensification can be obtained by use of modernisation of technological elements and suitable cultivar choice.
According to this increasement of intensity through application of novel technological elements (timing, manner and severity of pruning) and selection of the proper cultivar is implement able. Important differences are experienced between sweet cherry cultivars in their growth attributes, light demand and dynamics of fall back in regenerative potencial of different aged wood parts. From this point knowledge of the abow detailed is very important in order to maintain rentability of already established plantations. Our work shows the formation of production part in
9-year old plantation with spike spindle and free spindle crown forms depending on pruning timing (winter, summer) and determining of their various effects. -
Isolation and identification of endophytic fungi connected to Grapevine Diseases, from the Tokaj wine region, Hungary
61-66Views:406Grapevine Trunk Diseases (GTD) is one of the most important diseases in vineyards worldwide, which can be found in Hungarian vineyards as well. In Hungarian wine regions there is very little information about the occurrence of pathogens which cause GTD, in case of Tokaj wine region there is no knowledge about that, what kind of pathogens can be found in the vineyards.
The objective of our research is to assess the situation and occurrence of GTD in Tokaj wine region in cooperation with local specialists, as well as identification of pathogens which were isolated from the diseased trunks by morphological and genetic basis.
We were able to isolate endophytic fungi from all sampled grape trunk. The majority of them were determined as Diplodia seriata not only based on colony morphology, but also determined by rDNA sequences.
-
Evaluation of egg quality parameters of two Hungarian ostrich populations
51-57Views:509The aim of our study was to evaluate the quality parameters, porosity and weight loss of eggs deriving from the two most significant ostrich farms in Hungary. Quality parameters included weight, length, width, shape index, egg volume, surface area, circumference and shell volume. The effect of storage conditions in both farms and the incubation technology on egg weight loss in farm “A” were also examined. The research objective was to impart a comprehensive knowledge on egg quality parameters of the main ostrich populations in Hungary and to compare the trios and the farms with each other and the international literature. We could reveal significant differences between trios in all egg quality traits. In conclusion, the shorter and the narrower the eggs were, the more spherical shape they had. Narrower eggs showed smaller surface area, volume, circumference and shell volume and vice versa. Eggs from farm “B” indicated significantly greater width, shape index, surface area, circumference and shell volume than farm “A”. A significant difference was observed in weight loss during storage between the farms. Weight loss in farm “A” was a multiple of farm “B”. In farm “B” there was a weak, positive correlation between storage period and weight loss (r=0.22, P≤0.05), in farm “A” it was not significant (P=0.52). There was no relationship between the initial egg weight and weight loss either in farm “A” or farm “B” (P=0,21, P=0,69). A slight positive correlation could be noted between egg porosity and weight loss (r=0.24, P≤0.05). Pores count presented here was less than the international results. Poultry eggs contain the most pores at the blunt end, less via the equator and the least at the pointed end. In ostrich egg we found more pores via the equator against the blunt end. To draw more precise conclusions, further investigation should be carried out on porosity. Considering the fact that the length of storage period and the weight loss during incubation are in strict correlation with hatchability, we intend to extend our research aims to these traits.
-
Basic Research for the Development of Fertiliser Spreaders
52-57Views:225The knowledge of the physical characteristics of fertiliser particles is essential for the constructors and operators of fertiliser distributors. Among physical characteristics, the most important are the frictional and aerodynamic properties for the description of particle movement. Adjustable angled slopes, shearing boxes and various rotating disks are used to identify frictional properties. We have developed a high precision shearing box with digital force measuring cells and a distance signaller (incremental transducer) that we use for slide tests efficiently. We measured the frictional characteristics of 6 different fertilisers: the inner coefficient of friction and the coefficient of friction on ten test surfaces most commonly used in machinery, and we specified the relationship between displacement, loading and the coefficient of friction. We can conclude that the material of the frictional surface significantly influences the force of friction.
However, our experience tells us that the shearing box is not suitable for the measurement of the inner friction, since the examined particles slide on the metal surface of the shearing box in a growing extent in the course of displacement, so it does not measure the real inner friction. Therefore, in our experiment we have developed rotating shearing equipment with a constant shearing surface to identify the inner friction. We tested the equipment with fertilisers and we identified the inner frictional characteristics of 6 different fertilisers. With the developed rotating shearing apparatus we could measure the real inner friction of the particles.
To identify the aerodynamic characteristics of granules, wind tunnels and free-fall tests are used. An elutriator have been developed for our investigation. We have used fertilisers for testing the measuring equipment and we have identified the aerodynamic characteristics of 6 different fertilisers. -
Creating potential agricultural clusters in the Northern Great Plain Region
63-67Views:205The crisis of the hungarian agricultre is continuous since the ’80s. The compensation is made a dual farm system, which has created barriers to efficient agricultural production. It is confirmed by the economic indexes as well. But the most important natural resources of our country is still the land. Over the past 20 years, the government was not able to work out strategic aims and adequate system for the hungarian agriculture. In the past three decades the clusters has become the most common tool in economic development worldwide. Clusters always base on some local knowledge, and a country can be competitive on the industry in which the resources are concentrated. So the question is, is it possible to „clusterize” the
agriculture and through this develop the rural economic. -
Analysis of the efficiency of higher education systems
207-214Views:248The aim of the higher education reform process both in Hungary and in the European countries is establishing a competitive, qualitative higher education. The Education Minister of our country regularly emphasizes in his statements that the quantitative changes of he past 15 years are completed, from now the emphasis must be on quality :„a degree in itself is not sufficient, the actual knowledge behind is necessary”. To achieve
this aim, the government carried out several changes in the field of higher education in the past years, one of them was implementing a budget support system in accordance with the performance of the institutions. The objective of the three year long support agreement between the state and the higher education institutions is considering quality parameters and outputs beside and instead of normative (input-based) support. The other occurent and debated issue is the introduction of tuition fees. Although this plan was rejected by the national referendum on 9th March, 2008, some weeks ago an amendment bill was passed, which would mean bringing tuition fees back in the system.
In my paper I am examining whether the efficiency of higher education systems are influenced by the extent of the contribution of the state and the private sector to their expenses. Furthermore I’d like to find the answer to the following question: Does it matter what principles and mechanisms play role by the distribution of the state support between the institutions of higher education. -
Opportunities of developing functional foods
41-44Views:273This study summarizes and compares the definitions and applications of functional foods from the viewpoints of the different societies. Provides an overview of the functionalities of foods based on the scientific approach of today’s Western – including Hungarian – cultures and the traditional Indian approach that dates back to the ancient times. Gives a short description and comparison of the basic concepts and background knowledge of functional foods according to these two worldviews.
-
Evaluation of bioactive substances in different parts of the root in beetroot (Beta vulgaris ssp. esculenta var. rubra)
33-38Views:351Beetroot, also known as Beta vulgaris ssp. esculenta var. rubra, is a root vegetable that contains a substantial quantity of bioactive elements, notably antioxidants and anti-inflammatory properties. These bioactive compounds, including betalains, phenolics, and flavonoids, contribute to the health-promoting properties of beetroot. The antioxidant and anti-inflammatory effects of beetroot have been extensively studied in preclinical and clinical settings. The active compounds in beetroot have been reported to provide benefits in reducing the risk of various diseases, our research provides a comprehensive analysis of the bioactive compounds the inner and outer skin parts of the root structure. The findings aim to contribute to a deeper understanding of the potential health benefits associated with specific beetroot root components. Furthermore, the results have implications for optimising beetroot cultivation and processing for enhanced nutritional value. This research not only advances our knowledge of the phytochemical profile of beetroot outer skin but also offers valuable insights into the broader field of plant biochemistry and its applications in promoting human health and nutrition.
-
Comparative Evaluation of the Temperaments of Charolais and Hungarian Grey Steers
14-19Views:276Animal breeding increasingly lays claim to the theoretical and practical knowledge of applied ethology. The authors’ aim was to evaluate and compare the temperaments of Charolais (CH, n= 10) and Hungarian Grey (HG, n= 10) steers, and also to determine the correlation between their temperament scores and flight speed scores. Temperament was evaluated by the results of the scale test (assessing of behaviour in a 1-5 score system, while the animal is standing on a scale for 30 seconds) and flight speed test (minutes it takes the animal to move a set distance of 1.7 m when leaving the scale), on three occasions (1, 2, 3). Data management was done by SPSS.10 (ANOVA, Mann-Whitney-test, Spearman-correlation). Results of the scale test differed significantly between breeds at the third measurement (CH: 2,9 scores; HG: 1,4 scores; P<0,01) and when evaluating the three measurements together (CH: 2,0 scores; HG: 1,37 scores; P<0,05). Concerning of flight speed score, there were significant differences between breeds of steers at each measurement (1. measurement CH: 2,77 s; HG: 4,09 s; P<0,05; 2. measurement CH: 2,89 s; HG: 5,01 s; P<0,01; 3. measurement CH: 2,46 s; HG: 5,33 s; P<0,01) and overall (CH: 2,71 s; HG: 4,81 s; P<0,001). In the case of both breeds, evaluated by measurements and overall, a negative correlation was calculated between temperament score and flight speed score, but this was significant only in three cases: CH1 (n=10) r= -0,75; P<0,01; CH1+2+3 (n=30) r= -0,44; P<0,05; CH+HG1+2+3 (n=60) r= -0,33; P<0,01). Results indicate that Hungarian Grey steers are calmer than individuals of Charolais. Animals behaving calmer on the scale left the scale, more slowly. The authors propose the use of these temperament tests in Hungarian breeding practice, in order to select too temperament animals.
-
Study of animal welfare status in dairy cow herds in Hungary – looking for causes of lameness
47-50Views:389In the last 20–30 years lameness in cattle was found to be third the most influential disease next to mastitis and reproduction disorders. Studies have been established to explore reasons for lameness and prevention. The problem with more robust prevention plans is that knowledge and research evidence is not strong enough to run an effective prevention plan. The aim of the research is to look for reasons of lameness by observing number of cows on 6 farms during 2 lactations. Performance data will be put together to body condition score (BCS) and lameness scores. Other examination is focused on monitoring of 40 farms. This part of the project is more related to extension, collecting and sharing solutions for decreasing lameness. Producers are advised what kind of measures are possible to reduce occurrence of lameness. Effectiveness of those actions will be measured at the end of the study. The first preliminary results show lack in almost all preventive measures needed to be taken in minimising lameness. Those areas are related to poor facilities, lack of straw, problems with labour and basic management.
-
Challenges – the impact of climate change on the nutritional management of Hungarian orchards
323-334Views:442The agricultural sector is increasingly exposed to both environmental and economic risks due to the phenomena of climate change and climate variability. Fruit growth and productivity are adversely affected by nature’s wrath in the form of various abiotic stress factors. Climate change and extreme climatic events are predicted to increase in intensity, frequency, and geographic extent as a consequence of global climate change. It is no doubt that frequency of unexpected climatic events and their growing rate result in an increasing amount of problems for fruit growers globally. Today, climate change impacts are the most serious problems for Hungarian fruit growers as well. It can be stated that the nutrient demand of fruit trees can be supplied only under even worse conditions.
Therefore, it is so important to know and apply adaptation and mitigation strategies in horticulture to improve fruit quality and yield. In the last ten years, at the Faculty of Agricultural and Food Sciences and Environmental Management at University of Debrecen expanded studies have been made to prove the importance of groundcover management in horticultural applications. In this mini review paper, is presented, how the university's researches contributed to the expansion of knowledge of preservation of soil moisture and what advice we can provide for fruit growers to face the challenges of climate change.
-
The influence of channel network silting up at Žitný Ostrov to range of interaction between surface and groundwater
23-31Views:195The movement of water resources, especially the possibilities of their regulation by interaction between surface and groundwaters are the subject matter of attention particularly during the occurrence of extreme hydrologic situation. This work presents the overview of knowledge and results which were achieved at IH SAS in this question. It can show the ways how to optimize the adjudicated processes which emerge during the requirement of emergency intervention. The solution of this task was located at the Žitný Ostrov area because this territory with their existence of channel network is suitable for studying the surface and groundwater interaction. The channel network at Žitný Ostrov was built up for drainage and also to safeguard irrigation water. The water level in the whole channel network system has an effect on groundwater level on the Žitný Ostrov and vice versa. It was been necessary to judge the impact of the channel network silting up by bed silts on the interaction between channel network and groundwater on the Žitný Ostrov. The aim was to evaluate the changes of bed silt state of Žitný Ostrov channel network and consecutively their influence on interaction processes between groundwater and surface water along the channels in the period from 1993 to present. The measurements of bed silt thickness in Žitný ostrov channel network had been started from1993, later they continued at selected profiles of three main channels – channel Gabčíkovo-Topoľníky, Chotárny channel and Komárňanský channel (for checking of the silting up variability). From 2008 the detailed field measurements of cross-section profiles aggradations along these selected three channels have been started. The objective of detailed field measurements was the determination of the silt permeability which is expressed by parameter of saturated hydraulic conductivity. This parameter was determined by two ways – as the saturated hydraulic conductivity obtained from disturbed samples of silt Kp and as the saturated hydraulic conductivity obtained from undisturbed samples of silt Kn. In the first case the granularity of silts was determined as a first step and then was computed their Kp from the empirical formulas according Bayer-Schweiger and Spacek. From undisturbed samples of silts which were extracted along the channels from top, middle and bottom layer of silts, were determined the values Kn by the laboratory falling head method. The valid values Kp on channel Gabčíkovo-Topoľníky ranged from
4,33 10-7 to 4,46.10-5 m s-1, on Chotárny channel from 5.98 10-5 to 2.14 10-6 m s-1 and on Komárňanský channel fluctuated from 1.93 10-6 – 6.09 10-5 m s-1. The valid values Kn on on channel Gabčíkovo-Topoľníky ranged from 5.21 10-8 – 4.18 10-3 m s-1 , on Chotárny channel ranged from 8.54 10-8 – 2.70 10-4 m s-1 and on Komárňanský channel fluctuated from 4.72 10-7 – 1.26 10-5 m s-1. The remarkable results were noticed by comparison of values of saturated hydraulic conductivity from disturbed and undisturbed samples Kp and Kn. On Chotárny channel the values of silt saturated hydraulic conductivity from undisturbed samples Kn approximately hundredfold decreased (from 10-6 to 10-8 m s-1). On Komárňanský channel the comparison of values Kp and Kn shown that the values Kn from undisturbed samples approximately tenfold descended against Kp.Simultaneously, the bed silts‘ impact on the groundwater recharge (saturated hydraulic conductivity of silt) was also examined. Determination of the total recharge amount was done by numerical simulation (model SKOKY) and by the so-called method of interaction formulas. These two approaches were applied at the Žitný Ostrov channel network. There were field measurements performed in monitored three main channels and adjacent to obtain correct input data. These characteristics were used for simulation and computation of total recharge along the channels. The total recharge amount was calculated for four alternatives of the surface water levels in the channel and the surroundings groundwater respectively. We chose four simplified variants with the same geological conditions in surroundings area of channels, only water levels of groundwater and in channels were modified. The results of the simulations seem to show greater impact of the silt in the case of outflow from the channels to the surroundings than the inflow into the channel from the surroundings.
-
Studying the reproduction-biological effect of the GPR54 receptor gene in sheep
48-51Views:390One of the main economical problems of sheep breeding is that continual production is not possible due to the seasonality of animals. Today, genes, mutations that may develop aseasonality in sheep are extensively researched in order to make the establishment of populations capable of aseasonal estrus possible.
According to the current knowledge, the GPR54 gene participates in the GnRH release from the hypothalamus, and thus in the alteration of the reproduction state of the organism. Our research is aimed to determine whether the GPR54 gene has allele variations that influence the proneness to aseasonal estrus in sheep in a different extent. Therefore, the GPR54 gene sequence of sheep is first examined. -
The Present and Future of Tokay Aszú
87-92Views:230Tokay wine is Hungary’s noblest wine. Beyond doubt, it is one of those uniquely Hungarian products, which has been without rival for centuries. Today the role of quality has become increasingly important and consumers who are ready to pay more for quality wines expect it. This wine will be able to get back its original popularity if the message of its excellence reaches the public. Knowledge of historical wine-producing regions constitutes a part of basic education and wine-marketing could take important measures to spread it since good products need to be sold properly and consumers require information about wines – with gastronomy – and wine producing regions.
With foreign invested capital, advantageous changes have been started in Tokay-Hegyalja. However, there is much still to do in order to produce, sell and consume Tokay wine on such conditions that are really worthy of a Hungaricum. It is essential to approach the famous oenologists of Europe and the world and to establish suitable production conditions for every winegrower. In addition to following consciously prepared wine-marketing directions, our country needs to make an expected name for this Hungaricum. These aims are important mainly because of approaching EU-accession. There is timely to study on what conditions Hungarian viticulture and oenology could access. It would be a great success of the Hungarian delegation if they could make current Hungarian laws of Tokay-wine-production accepted in the EU. Of course, all of these would be valid after EU-accession. During the pre-accession period, our country needs to fulfil several stipulations. For example, origin-protection, establishment of a registry system, law harmonisation, development of an institutional system.
Strengthening of home consumption has always been an inspirational tool in a product’s life cycle. It is important not only to take the requirements of foreigners into consideration and to produce for export, but we also need to satisfy the home market. Considerable stress should be laid on establishing and preserving viticulture. Increasingly, buyers expect high standards and they are ready to pay more for quality wines. They also demand appropriate professional information and consultation. So there is a lot to do and theoretical approach should be followed by action. In order to get to know what quality expectations exist, we have to examine the consumers of the Hungarian wine-market. Study of the Hungarian people’s consumption behaviour, referring to Tokay „aszú”, was closely connected with my work.
Participants of my study were consumers who buy Tokay „aszú” mainly in shopping centres, supermarkets and low-price shops specified for wine selling. Wine shops have important roles as they give opportunity for salespersons to make closer relationships with buyers. These shops could be communication channels of spreading wine culture. It would be favourable if in every town or city there were at least one wine shop giving the opportunity of consultation besides commercial activity and also providing services that support the improvement of wine culture’s position. The majority of questioned people spend less than 4.000 Forints on buying of Tokay „aszú” in a year. Results of the questionnaire survey support the fact that there is a demand for these wine-specialities, but lack of money strongly effects demand.
The Following summarises the history of Tokay wine, tasks of Hungary and the expected effects relating to EU-accession. Regulation of oenology and the wine-market, referring to quality wines and main results of the survey are also overviewed in the text. -
Methodologies in measuring risk of financial statements
117-120Views:139Aim of financial statements’ risk analysis is to optimally allocate the audit resources. That optimum point can be reached, if we achieve maximum possibility of recovery of material risks. There are more than one procedures exist for researching of optimum point or risk assessment in other word, and they are needed to use even parallel. In order to take into consideration effects of risk we need to measure them somehow. At risk assessments risks are usually some kind of result of impact and possibility. Knowledge and measurement of impacts and possibilities are far not enough for assessment of certain risks. In this study I will present a possible usable risk assessment methodology for financial audit activities with using Multi Attribute Utility Theory (MAUT in the followings).
-
Irén Dobos horticulturalist-teacher plant protection engineer expert awarded by Antal Gulyás medallion for crop protection" in 2015 (laudation)
8-10Views:503The Public Utility for Development of Crop Protection Teaching (NOFKA) and The Hajdú-Bihar County Regional Association of Hungarian Chamber of Crop Protection Specialists and Plant Doctors established a joined Award Committee in 2011, which intend to serve as moral appreciation to prominent persons with excellent achievements by awarding the „Antal Gulyás medallion for crop protection” which are available for outstanding teachers, researchers, and practical crop protection specialists. In 2015 dr. Irén Dobos horticulturist- teacher and plant doctor has been decorated with the „Antal Gulyás medallion for crop protection” for her “excellence in integrated plant protection practical research activity and effective knowledge transfer”.
-
Effect of different production types on the yield and ß-carotene content of sweet potato /cultivar Ásotthalmi- 12/
45-49Views:419Production of sweet potato is extending in Hungary, despite the fact that there is no field-specific production technology. Therefore, many growers cannot utilize potential yields and quality. The goal of this study was to determine the optimal production method of the Ásotthalmi 12, a Hungarian sweet potato cultivar which can adapt to the Hungarian climate. The effect of single and twin rows production on the yield of this cultivar was examined. The planting was carried out on June 24th, the harvesting on October 20th and the growing-season was 120 days long. Uniform nutrient supply was applied to the whole field experiment. During basic fertilization, 206 kg Knd 20 kg N, 36 kg P ha-1 were used on the soil. While forming the ridges, we used an additional 25 kg N, 45 kg P and 62.5 kg K ha-1. We adopted drip tape irrigation on the experimental field. After the planting, from the 8th week of the vegetation, another 21 kg ha-1 K, 10 kg ha-1 MgSO4, and 2 kg ha-1 Ca(NO3)2 was added in one dosage weekly, until the 13th week of vegetation. At the evaluation of the experiment, we examined the yield regarding the whole experimental plot. SPAD and fluorescence measurements were carried out on 08.16. 2019, 08.28.2019, and on 09.13.2019, during the watering break. To demonstrate the difference between the dates, we applied ANOVA and Tukey post-hoc tests. For the measurement of phytonutrients HPLC, a liquid chromatograph was used, where the carotenoid content of the Ásotthalmi 12 cultivar was determined in connection with the different production methods. Test results showed that twin rows production leads to a nearly 30% greater yield, than single row production. We determined, that the growth of yield correlates negatively to the ß-carotene content of the Ásotthalmi 12 cultivar sweet potato.
-
Investigation of genetic diversity in irradiated maize lines and its relation to hybrid performance
20-26Views:713Knowledge of genetic diversity among available parental lines is fundamental for successful hybrid maize breeding. The aims of this study were to estimate (1) genetic similarity (GS) and genetic distance (GD) (based on Jaccard index) in four maize inbreed lines; (2) to classify the lines according to their GD and GS; (3) to determine hybrid performance based on GD and heterosis for yield ability in 4x4 full diallel system. We used morphological description and AFLP (amplified fragment length polymorphisms) for estimation genetic polymorphism in four maize inbred lines. We estimated the applicability of genetic similarity in SC and reciproc hybrids for prediction of their performance.
Three primer combinations were used to obtain AFLP markers, producing 207 bands, 70 of whit were polimorphic. The dendogram based on genetic similarities (GS) and genetic distance (GD) and morphological description separated four inbred lines into well-defined groups. Morphological description just with AFLP analysis showed reliable results. In view of genetic distance, the UDL 1 line and their linear and reciprocal crosses showed significant heterosis effect, which was confirmed by heterosis calculation based on grain yield. -
Development of LEADER in Hungary
37-40Views:209The development of the Hungarian LEADER programme was organised by the Institute of Rural development, Training and Consultancy under the control of the Ministry of Rural Development. Starting the programme without earlier experiences, lead to problems, but these were solved by the efficient work of the organizing institutions. The changing European economical situation makes it necessary to review and update the Local Development Strategies along with opening the programme again. This makes the programme work more effectively with every new turn. Continusing LEADER in Hungary after 2013, by using the hungarian and Western European knowledge, can bring economical and social benefits for rural areas and for the whole nation as well.
-
Report Writing in ESP Classes for Advanced Level Students
16-18Views:181The author discusses the importance of formal training in writing, and introduces, step-by-step, the requirements and conventions of writing necessary for all university students to master. In doing so, he points to gaps, both in curricula and in student knowledge, which first need to be addressed, in order to ensure institutions meet successful educational goals.
-
Hungary’s employment policy from the point of view joining the European Union
189-197Views:172What is a place of work? Is it a commitment to work, or continuous pressure under work, or hunting for income? This article is a brief review about the main milestones of the employment history of the European Union and Hungary. In 1989, the Social Charta about the social principles of employee was issued. In 1997 the employment policy became the part of the acquis communautaire. Finally, in 1998, the European
Employment Strategy was developed, which contains the community employment guidelines. In the year of millennium, the new long term concept of the EU, the Lisbon Strategy was approved. In this document the EU was targeted as the most dynamic and competitive knowledge-based economy in the World till 2010. The Tens joint to the EU in 2004, and a bit later it became clear, that the EU is light-armed against some of the world economy challenges. As a consequence, many objectives of the Strategy could not be reached. Recently member states of the EU have to develop the national action plan for employment year by year. The hungarian plans were developed as well, but the wrong labour market’s parameters haven’t been changed since 2004. -
Managing risk using real options in company’s valuation
125-132Views:327The valuation of company is very important because provides information about the current value/situation of company, and through this, provide the opportunity of choosing the best company’s growth alternatives. The future strategic decisions are characterized by lack of knowledge, information, so all measures of company’s growth are closely linked with uncertainty and risk. The company’s valuation process is also related with uncertainty and risk. The risk may result both from the assessed assets and the technique used. In literature, we could find three approaches for risk management: capital budgeting based method, methods based on portfolio analysis and real options approach of risk management. Among them, the real options based methods is the most revolutionary approach for risk management. The advantages of the method, consists in the fact, that the process of establishing strategic decisions integrates the possibility of reversibility, delay and rejections, which isn’t it possible at two previous methods. The method also takes into account the total risk of company, so both the company-specific and systematic risk. In this study, I have used one of the best-known real option based method, the Black-Scholes model, for determining the option’s value. Determination of option value is based on the data of enterprise, which was tested Monte Carlo simulation. One of the basic assumptions of the Black-Scholes model is that the value of option is influenced by several factors. The sensitivity of option’s value could be carried out with so-called “Greeks”.. In the study the sensitivity analysis, was carried out with indicators Delta (Δ), Gamma (Γ) and Vega (ν). The real options based risk management determinations were performed in the R-statistics software system, and the used modules are 'fPortofio' and 'mc2d'. By using of real options method, I have calculated the average value of company capital equal with 38.79 million. By using simulation was carried out 1000 runs. The results of this show a relatively low standard deviation, small interquartile range and normal distribution. In the calculation of indicator Delta, could be concluded the value of company moves in 0.831 proportion to the price of options, the standard deviations of index is low, so the real option based method could be used with success in company’s value estimation. The Gamma index shows the enterprise value is sensitive just for large changes. The result of Vega reflects the value of option, so the company’s value volatility, which is small in this case, but this means a volatility of value. In summary, we can conclude that the call options pricing model, well suited for the determination of company’s value.
-
Plant clinic in Nepal: An overview
5-10Views:403Plant clinics play an important role in supporting farmers in growing healthy crops and achieving higher productivity in Nepal. The development and operation of plant clinics in Nepal are assessed in this study through a comprehensive analysis of the institution via literature review and interaction with key stakeholders. The plant clinic approach of the agriculture extension system started in Nepal in 2008, followed up with engagement with CABI and the Government of Nepal. Enhancement of farmers' knowledge and skill, encouraging sustainable farming methods, and ultimately increasing crop yields are the impact of plant clinics. However, there are some challenges faced during the implementation of plant clinics in the existing agricultural extension systems. In Nepal, the plant clinics are primarily operated by agricultural technicians with expertise in plant protection, as well as IPM farmer facilitators and community business facilitators after attending an intensive plant doctor's training. Plant clinics have been integrated into the agricultural extension system by agro-advisory service provider of the government of Nepal. Despite institutionalisation, policy support needs to be strengthened to ensure the sustainability of the different components of the (e.g., data management, validation, monitoring, localised content, etc.) plant clinic in Nepal.
-
Technological and Technical Issues of Efficient Nutrient Supply
43-46Views:166Efficient plant production requires modern production technologies, including a nutrient supply of a scientific basis. The harmonic nutrient supply of quality products that are required by market demands can be produced by the optimal combination of a compound system of requirements. These requirements are partly preparatory (soil investigations, yield measurements, preparation of digital field maps) and are partly based on the knowledge of the most significant characteristics of the applied nutrients. Most artificial fertilizers are applied by spinning disc fertilizer spreaders all over the world, therefore, it is advisable to use them in Hungary as well. Importantly, these machines should be well adjustable, capable of the exact measurement and control of the spread quantity, as well as of even spreading. My report has investigated only the most significant technical requirements affecting the even application of nutrients.
-
Production of corn in Serbia in the light of climate change
305-322Views:342This paper presents the basic elements of maize production technology in Serbia. For their good knowledge, it is necessary to be familiar with the basic biological requirements of the species, phenology and its particular requirements for water, heat, soil conditions and mineral nutrition. A special emphasis in this paper is given to recent research by the author regarding the correction of production technology (selection of hybrids, time and density of sowing, etc.) from the aspect of knowing the weather conditions of the year to the moment of sowing and the amount and position of available nitrogen in the soil profile during the spring before sowing. In the light of predicted climate change conditions for the Republic of Serbia, the authors of this paper have proposed and appropriated adaptation measures. The general conclusion is that there are no general recipes for the correct production technology of this plant species, but should be adapted to each specific year, field and hybrid.