A stochastic spreadsheet model analysing investment options for the development of pasture on beef cattle farms : a dissertation submitted in partial fulfilment of the requirements for the degree of Master in Applied Science at Massey University

The decision to proceed with farm development to increase animal production is complex. Standalone personal computer software to study either the financial or physical aspects of farm development is available, but models which integrate these components and account for the risks associated with the investment are not. A stochastic spreadsheet (Microsoft Excel®) model was therefore developed to predict the profitability, feasibility and risk of pasture development for two case farms: one in southern Brazil and the other near Wanganui in New Zealand. Pasture was developed at different rates for each farm and the model was used to predict the associated physical and financial changes over-time and a probability distribution of the net present values (NPV) of the net operating profit after tax and before interest (NOPAT) relative to the status quo situation. The extra pasture was used solely for increasing beef cattle production. On the Brazilian case farm the development of 2,263 ha at two rates was studied. The continuation of the status quo had first degree stochastic dominance in terms of the NPV over both development rates; it was superior by about NZ$46.000 for the 200 ha/y option and ca. NZ$ 110.000 for the 500 ha/y option at a 16% discount rate. However, at a 6% discount rate the 500 ha/y development rate had first degree stochastic dominance in terms of the NPV over both the continuation of the status quo (by about NZ$960.000) and the 200 ha/y option (ca. NZ$ 120.000). This indicates that pasture development could proceed profitability if interest rates continue to fall in Brazil as predicted. For the New Zealand case farm the development of 247 ha at 50 ha/y had first degree stochastic dominance over the 25 ha/y (ca. NZ$24,000) and continuation of the status quo (ca. NZ$ 208.000) at a 6% discount rate. Pasture development should therefore continue. Stochastic analysis of the pasture development investment options gave a better insight into the likely outcomes for a project, and provides the farmer with more information for making a decision on whether, and how. to proceed with farm development. The model could easily be adapted for studying farm development with respect to other types of livestock enterprises Keywords: pastures, development, risk, feasibility, profitability, model

Surveying structural change: seminal contributions and a bibliometric account

The main aim of this paper is to provide a comprehensive survey of the economic literature on structural change. Along with an insightful literature review of the seminal contributions in the field, we perform a quantitative analysis that takes into account all the theoretical and empirical articles on the subject that were published from 1969 onwards. This effort to gather the relevant documentation is based on a review of 910 abstracts from articles published in all the economic journals found in the Econlit database over the past forty years. According to our quantitative analysis, structural change analysis received a major boost in the 1990s, with a considerable increase in the number of articles published on the matter. The marked rise in interest seems to be primarily related to the growing concern to find explanations for the process of technological change and its effects on the economy. In the first half of the current decade technological change comprises a predominant area of research, accounting for about one quarter of the articles published. Despite the increased formalism observed in the 1990s, our results further highlight that the bulk of the research in this field remains empirically led. Furthermore, and quite surprisingly, discussions concerning ICTs do not seem to have been translated so far into a substantial increase in research on structural change-related issues.Structural Change; Bibliometrics; Econlit

Noncommutativity due to spin

Using the Berezin-Marinov pseudoclassical formulation of spin particle we propose a classical model of spin noncommutativity. In the nonrelativistic case, the Poisson brackets between the coordinates are proportional to the spin angular momentum. The quantization of the model leads to the noncommutativity with mixed spacial and spin degrees of freedom. A modified Pauli equation, describing a spin half particle in an external e.m. field is obtained. We show that nonlocality caused by the spin noncommutativity depends on the spin of the particle; for spin zero, nonlocality does not appear, for spin half, $\Delta x\Delta y\geq\theta^{2}/2$, etc. In the relativistic case the noncommutative Dirac equation was derived. For that we introduce a new star product. The advantage of our model is that in spite of the presence of noncommutativity and nonlocality, it is Lorentz invariant. Also, in the quasiclassical approximation it gives noncommutativity with a nilpotent parameter.Comment: 11 pages, references adda

Exploiting partial reconfiguration through PCIe for a microphone array network emulator

The current Microelectromechanical Systems (MEMS) technology enables the deployment of relatively low-cost wireless sensor networks composed of MEMS microphone arrays for accurate sound source localization. However, the evaluation and the selection of the most accurate and power-efficient network’s topology are not trivial when considering dynamic MEMS microphone arrays. Although software simulators are usually considered, they consist of high-computational intensive tasks, which require hours to days to be completed. In this paper, we present an FPGA-based platform to emulate a network of microphone arrays. Our platform provides a controlled simulated acoustic environment, able to evaluate the impact of different network configurations such as the number of microphones per array, the network’s topology, or the used detection method. Data fusion techniques, combining the data collected by each node, are used in this platform. The platform is designed to exploit the FPGA’s partial reconfiguration feature to increase the flexibility of the network emulator as well as to increase performance thanks to the use of the PCI-express high-bandwidth interface. On the one hand, the network emulator presents a higher flexibility by partially reconfiguring the nodes’ architecture in runtime. On the other hand, a set of strategies and heuristics to properly use partial reconfiguration allows the acceleration of the emulation by exploiting the execution parallelism. Several experiments are presented to demonstrate some of the capabilities of our platform and the benefits of using partial reconfiguration