Assessing Depreciation For Valuation Purposes – A Decompositional Approach

In valuing property one method that is commonly adopted in situations where market evidence is non-existent is the Depreciated Replacement Cost method. As the name suggests, this involves estimating the replacement cost as new of the property, which is the subject matter of the valuation, and making allowances for accrued depreciation. The allowance made for depreciation is important as it allows for the estimation of value that reflects the current state of the property. The estimation of depreciation for valuation purposes has been the subject for a number of empirical studies. There is however no consensus within the valuation profession as to which approach to estimating accrued depreciation addresses the key elements that are of concern to the valuer viz; age, condition and functional obsolescence. The paper proposes one such approach that incorporates all these elements in the estimation of accrued depreciation for valuation purposes. The approach first considers the individual causes of depreciation separately and uses different methods to estimate accrued depreciation for each of the causes of depreciation. Total accrued depreciation is then estimated by first taking account of curable physical depreciation and then age and functional obsolescence. The approach proposed presents a basis for a more comprehensive discussion and a subsequent adoption of a common methodology valuers can rely on to estimate depreciation

Food Security in Nutrient-Stressed Environments: Exploiting Plants' Genetic Capabilities, Summary and Recommendations of an International Workshop 27-30 Sep 1999

Attended by 50 international participants, this workshop marked the culmination of Phase III of a 15-year Special Project at the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) funded by the Government of Japan Entitled "Sustainable cultivation of upland crops in the semi-arid tropics", the Project was executed in collaboration between ICRISAT and Japan International Research Center for Agricultural Sciences (JIRCAS). The workshop objectives were to: Explore the scope for genetic manipulation of the ability of crop plants to access and use nutrients, prioritize candidate mechanisms of enhancing nutrient uptake and use in terms of their suitability for genetic manipulation, examine appropriate methodologies for genetic enhancement of crop plants' ability to absorb nutrients and use them efficiently, and suggest how genetic options can best be combined with management options to improve nutrient uptake and use. Over 30 papers were presented in sessions on: sustainability of breeding for low-nutrient environments, candidate mechanisms, methodologies, and combining genetic improvement with natural resource management. Extended abstracts of all papers are included, together with an introductory review that includes colored photographs of Project Highlights. Session interpretive summaries, and recommendations for future research needs, priorities and strategies are provided

Irradiation of ready meals for microbiological safety and shelf-life extension. 1. Microbiological quality of waakye and other ready-to-eat meals

Waakye bought from the open market and 14 meals prepared under the hazard analysis and critical control point (HACCP) plan were microbiologically investigated. The aerobic mesophilic count (AMC) (107 - 108 CFU g-1) and coliform count (106 - 107 CFU g-1) ) for complete waakye meals, including macaroni, fried fish, sauce and vegetable salad, exceeded the microbiological standards for such ready-to-eat meals. The AMC (101 - 104 CFU g-1) ) and coliform count (101- 102 CFU g-1) ) for all the ready meals prepared under HACCP and stored (-5 to 0 oC) for up to 5 days were within the standards. Potential pathogens isolated from waakye and the meals prepared under HACCP plan included Escherichia coli, Klebsiella spp., Serratia spp., and Enterobacter spp. Subsequent studies will exploit the potential of irradiation to eliminate pathogens and ensure the microbiological safety of ready-to-eat mealsWaakye (riz et haricot cuisinés ensemble) acheté de la vente libre ainsi que quatorze repas préparés sous le critique (ARPCC) étaient enquetés par la méthode microbiologique. Le compte d'aerobic mésophilique (107 - 108 CFU g-1) et le compte coliforme (106 - 107 CFU g-1) ) pour le repas de Waakye complet qui comprenait le macaroni, le poisson frit, la sauce et la salade de légumes dépassaient les normes microbiologiqes pour tels repas cuisinés. Le compte d'aerobic mésophilique (101 - 104 CFU g-1) ) et le compte coliforme (101 - 102 CFU g-1) ) pour tous les plats cuisinés préparés sous ARPCC et conservés au froid (-5 à 0 oC) pour 5 jours étaient aux niveaux requis. Les agents pathogènes potentiels isolés de waakye et des repas préparés sous le plan d'ARPCC comprenaient Escherichia coli, Klebsiella spp., Serratia spp., and Enterobacter spp. Les études à venir vont exploiter l'utilisation d'irradiation pour éliminer les agents pathogènes et assurer la sécurité microbiologique des repas cuisinés. Ghana Journal of Agricultural Science Vol. 39 (1) 2006: pp. 19-2

The Craft Industry, Oral Literature and Language in the Development of Tourism in Ghana: Prospects and Challenges

This paper examines the role the craft industry, Oral Literature and language play in the development of tourism in Ghana.  From the study, it was found that all the three are important for several reasons, namely economic value, exchange of information, sharing of experiences or world-views and finally changing biases.  However, lack of outlets and finishing of products constitute major problems. Key Words: Artifact, Cosmo-vision, pragmatic interpretation, equiparable, lyrical interpretation

Forecast of Future Aviation Fuels. Part 1: Scenarios

A preliminary set of scenarios is described for depicting the air transport industry as it grows and changes, up to the year 2025. This provides the background for predicting the needs for future aviation fuels to meet the requirements of the industry as new basic sources, such as oil shale and coal, which are utilized to supplement petroleum. Five scenarios are written to encompass a range of futures from a serious resource-constrained economy to a continuous and optimistic economic growth. A unique feature is the choice of one immediate range scenario which is based on a serious interruption of economic growth occasioned by an energy shortfall. This is presumed to occur due to lags in starting a synfuels program

Impact of Socioeconomic Factors on Florida Consumers\u27 Perceptions on Use of Chemical in Locally or Regionally Produced Livestock Products

Abstract The use of chemicals in livestock production has been an issue for consumers for several decades. This study, therefore, assessed the impact of socioeconomic factors on Florida consumers’ perceptions on the use of chemicals in locally or regionally produced livestock products. Data were collected from a sample of 404 participants from several Florida counties and were analyzed using descriptive statistics and ordinal logistic analysis. Most of the respondents were of the opinion that using chemicals in locally or regionally produced and sold beef or goat meat was a serious or somewhat serious hazard. The ordinal logistic regression results showed that several socioeconomic factors, such as household size, gender, age, and education had significant effects on pesticide residues; antibiotics; artificial fertilizers; additives and preservatives, and artificial coloring. It was recommended that producers and processors should minimize the use of chemicals in livestock products as this has both short- and long-term benefits. Keywords: Socioeconomic Factors, Chemicals, Consumer Perceptions, Locally or Regionally Produced, Livestock Product

Using GIS for spatial exploratory analysis of borehole data: a firsthand approach towards groundwater development

Groundwater is an inimitable resource that provides water to communities especially in arid and semi-arid regions. However, the spatial variability of the resource as well as the heterogeneity and complex nature of aquifer systems that store groundwater presents difficulties for groundwater development. Thus, understanding the spatial structure of aquifer characteristics could be used as a resourceful tool and as a first point of call towards groundwater development. The study investigated aquifer characteristics particularly on transmissivity and specific capacity to determine how aquifer characteristics could be used in making predictions for new sites that need to be identified for potential groundwater development. Prediction maps were developed for transmissivity and specific capacity using ordinary kriging J-Bessel and exponential semi variograms techniques. The study revealed that 28% of the study area had high potential for groundwater development with transmissivity ranges of 34.40 – 46.52 m2/d. Equally, viable areas of 16% and 20% were identified with transmissivities of 27.99 – 34.39 m2/d and 13.07 – 19.47 m2/d respectively. Based on specific capacity, 21% of the study area was identified to have groundwater development potential with corresponding specific capacity of 13.54 – 20.7 m2/d. Similarly, 24% and 34% of the study area were also identified to be good for the exploitation of groundwater with corresponding specific capacities of 8.74 – 13.55 m2/d and 5.52 – 8.74 m2/d respectively. In terms of spatial structure, transmissivity was found to be variable compared to specific capacity. The application of Geographic Information Systems (GIS) is thus considered to be an immeasurable tool that could be used in mapping aquifer characteristics that can serve as firsthand information for groundwater development.Keywords: Spatial, Groundwater, Transmissivity, Specific capacity, Kriging, Semivariogram