Risk-hedging using options for an upgrading investment in a data network

In this paper, we illustrate how a mobile data network operator can plan an upgrading investment to anticipate explosions of the demand, taking into account the expected generated profit and the customers satisfaction. The former parameter grows with the demand, whereas the latter sinks if the demand is too high as throughput may collapse. As the equipment price decreases with time, it may be interesting to wait rather than to invest at once. We then propose a real option strategy to hedge against the risk that the investment has to take place earlier than expected. At last, we price this option with a backward dynamic programming approach, using recent improvements based on least-squares estimations.

Food as the basis for development and security: A strategy for Yemen

Yemen has been facing severe development challenges in recent years, but rapidly depleting oil and water resources combined with large population increases and a lack of job-creating growth are making a difficult situation even more complicated. In order to provide opportunities for Yemenis to escape the current situation of widespread poverty and food insecurity, the Government of the Republic of Yemen, under the leadership of the Ministry of Planning and International Cooperation, has developed a strategy to help all Yemeni people gain access to sufficient and nutritious foods in order to live active, productive, and healthy lives. The main objectives of the National Food Security Strategy, developed with the support of the International Food Policy Research Institute, are to (1) cut food insecurity by one-third by 2015, (2) reach moderate food security levels—meaning 90 percent of people have enough to eat year-round—by 2020, and (3) reduce child malnutrition by at least one percentage point per year. As a contribution to this process, the authors of this paper identify seven priority actions to help achieve these goals. 1. Leverage the fuel-subsidy reform process to promote food security. 2. Improve the business climate to foster pro-food-secure private investments in promising sectors. 3. Use qat reduction policies to enhance agricultural development. 4. Strengthen food security risk-management practices. 5. Implement the water-sector strategy decisively. 6. Target public investment to the food insecure more accurately and improve service provision, especially in rural areas. 7. Launch high-level awareness campaigns for family planning, healthy nutrition, and women's empowerment. The government, civil society groups, and international partners need to quickly, decisively, and jointly implement these seven actions in order to fulfill the strategic goals. The implementation process is likely to be most effective if conducted in a transparent and inclusive manner with effective follow-up and appropriate monitoring and evaluation mechanisms.food security, Poverty, Economic development,

Towards an assessment of resilience in telecom infrastructure projects using real options

This paper employs the concept of real options to quantitatively assess resilience. First, the definitions of resilience are distilled from literature in the fields of engineering, management and ecology to give requirements for further assessment. From this, it was found that resilience requires a system to be robust, adaptable and flexible in the face of uncertainty. The main contribution of the paper is to connect these requirements to real options valuation and demonstrate the evaluation of the robust and flexible cases through real options methods. Specifically, Least Squares Monte Carlo method is used to value each option with the robust case being the benchmark and flexibility representing upgrades to the system. This is applied to an illustrative telecommunications case and the properties of the model assessed. The results show that uncertainties on the system can be captured and valued through this method so that it can aid a decision maker to assess which technology option or investment to select for future planning

Determinants of Foreign Direct Investment of South African Telecommunications Firms into Sub-Saharan Africa

The study investigates the main factors considered by South African telecommunications firms when making a decision to undertake Foreign Direct Investment (FDI) into Sub-Saharan Africa (SSA). This encompasses the reasons for investing, the methods of entry into the identified market and the factors influencing their decision. The methodology employs a survey questionnaire which was sent to telecommunication firms representing more than 70% of the revenue generated by this sector in SSA. The research reveals that market size, regulatory environment and government policy are the three most important factors influencing the decision to undertake FDI. Furthermore, the main reasons for deciding to enter SSA are for market and profit growth due to saturation in their existing markets, as well as for diversification of risk. Telecommunications firms wishing to enter SSA must be prepared for an unstable and uncertain policy environment and understand that the cost of starting a new venture in SSA is high.Telecommunications Africa FDI

African cities and collaborative futures

African cities and collaborative futures: Urban platforms and metropolitan logistics brings together scholars from across the globe to discuss the nature of African cities – the interactions of residents with infrastructure, energy, housing, safety and sustainability, seen through local narratives and theories. This groundbreaking collection, drawing on a variety of fields and extensive first-hand research, offers a fresh perspective on some of the most pressing issues confronting urban Africa in the twenty-first century. Each of the chapters, using case studies from Ethiopia, Kenya, Malawi, Niger, Nigeria, South Africa and Tanzania, explores how the rapid growth of African cities is reconfiguring the relationship between urban social life and its built forms. While the most visible transformations in cities today can be seen as infrastructural, these manifestations are cultural as well as material, reflecting the different ways in which the city is rationalised, economised and governed. How can we ‘see like a city’ in twenty-first-century Africa, understanding the urban present to shape its future? This is the central question posed throughout this volume, with a practical focus on how academics, local decision-makers and international practitioners can work together to achieve better outcomes

African cities and collaborative futures

African cities and collaborative futures: Urban platforms and metropolitan logistics brings together scholars from across the globe to discuss the nature of African cities – the interactions of residents with infrastructure, energy, housing, safety and sustainability, seen through local narratives and theories. This groundbreaking collection, drawing on a variety of fields and extensive first-hand research, offers a fresh perspective on some of the most pressing issues confronting urban Africa in the twenty-first century. Each of the chapters, using case studies from Ethiopia, Kenya, Malawi, Niger, Nigeria, South Africa and Tanzania, explores how the rapid growth of African cities is reconfiguring the relationship between urban social life and its built forms. While the most visible transformations in cities today can be seen as infrastructural, these manifestations are cultural as well as material, reflecting the different ways in which the city is rationalised, economised and governed. How can we ‘see like a city’ in twenty-first-century Africa, understanding the urban present to shape its future? This is the central question posed throughout this volume, with a practical focus on how academics, local decision-makers and international practitioners can work together to achieve better outcomes

High-technology industry developments - 2000/01; Audit risk alerts

https://egrove.olemiss.edu/aicpa_indev/1110/thumbnail.jp

Globalization: a guide for the concerned policymaker

Although rolling back of globalization is feasible, the author contends that techno-economic forces will ensure its further expansion. The world economy will be more integrated tomorrow than today. Increasing number of countries and policy mandarins have begun to see the welfare effects of globalization and the constituency for it much larger than that against it. However, capitalizing from it is a challenge because globalization does entail some downside risks. This paper focuses on macroeconomic challenges emanating from the on-ward march of globalization. In the recent past, it has been observed that several globalizing economies suffered from volatility. Therefore, the author devotes a large part of this research to the vexing issue of volatility and how to manage it