ARE WINE CO-OPERATIVES CREATING VALUE?

This article examines the introduction of Economic Value Added (EVA) as a performance measure that South African wine co-operatives can use to determine whether value has been created for members. A detailed explanation of EVA is given, and the components of EVA are calculated. The EVA's of a number of co-operatives have been calculated and analysed. Important trends have been identified. Recommendations have been made based on the conclusions drawn from these results. Finally, opportunities for potential improvement that could arise from using EVA as a performance measure in wine co-operatives are discussed.Agribusiness,

Are wine co-operatives creating value?

This article examines the introduction of Economic Value Added (EVA) as a performance measure that South African wine co-operatives can use to determine whether value has been created for members. A detailed explanation of EVA is given, and the components of EVA are calculated. The EVAÂ’s of a number of co-operatives have been calculated and analysed. Important trends have been identified. Recommendations have been made based on the conclusions drawn from these results. Finally, opportunities for potential improvement that could arise from using EVA as a performance measure in wine co-operatives are discussed.Agribusiness,

THE FINANCIAL PERFORMANCE OF FARMING CO-OPERATIVES: ECONOMIC VALUE ADDED VS TRADITIONAL MEASURES

The profitability measures have limitations for examining wealth creation. Economic Value Added (EVA) is being used by businesses to measure wealth creation. EVA has some advantages over other financial ratios because it fully accounts for the resources used by co-operatives and it includes both realized and unrealized capital gains in the calculation. This article examines the EVA metric for four years of co-operative financial data to determine if it provides additional information about wealth creation and profitability than do the other ratios.Agribusiness,

ARE WINE CO-OPS CREATING VALUE?

This article examines introducing Economic Value Added (EVA) as a performance measure for wine cooperatives in South Africa to determine whether member's value have been created. After a thorough explanation and calculation of the components of EVA, the EVA of a number of co-operatives were calculated and analyzed. Important trends were identified, conclusions drawn and recommendations made from these results. Finally, potential improvement opportunities resulting from using EVA as a performance measure in wine cooperatives are discussed.Agribusiness, Productivity Analysis,

ARE SOUTH AFRICAN CO-OPERATIVES CREATING VALUE

This article examines the use of Economic Value Added (EVA) as a performance measure that South African wine co-operatives can use to determine whether value has been created for members. A detailed explanation of EVA is given, and the components of EVA are calculated. The EVA's of a number of co-operatives have been calculated and analysed. In addition the EVA of specific types of co-operatives indicate that the fruit and vegetable sector is a constant value creator. It is clear that in order to create value, the rate of return on invested capital must be greater than the cost of capital. Certain co-operatives and types of co-operatives provided the blue print for this.economic value added, agricultural cooperatives, value, economic model, Agribusiness,

Smart Pricing: Linking Pricing Decisions with Operational Insights

The past decade has seen a virtual explosion of information about customers and their preferences. This information potentially allows companies to increase their revenues, in particular since modern technology enables price changes to be effected at minimal cost. At the same time, companies have taken major strides in understanding and managing the dynamics of the supply chain, both their internal operations and their relationships with supply chain partners. These two developments are narrowly intertwined. Pricing decisions have a direct effect on operations and visa versa. Yet, the systematic integration of operational and marketing insights is in an emerging stage, both in academia and in business practice. This article reviews a number of key linkages between pricing and operations. In particular, it highlights different drivers for dynamic pricing strategies. Through the discussion of key references and related software developments we aim to provide a snapshot into a rich and evolving field.supply chain management;inventory;capacity;dynamic pricing;operations-marketing interface

Life Trajectories of female child abuse survivors thriving in adulthood

A narrative study of thriving adult female survivors of childhood maltreatment was undertaken to discover how they had achieved success. Life trajectory patterns, turning points, and setbacks were identified. Data consisted of 81 interview transcripts derived from a series of three interviews, spaced over 6 to 12 months, with 27 survivors. The childhood abuse was intrafamilial, beginning as early as infancy and continuing, in most cases, until participants left home. The onset and pace of the healing trajectory were quite variable, including a roller-coaster pattern as well as patterns of slow, steady progress and continued struggle. Four types of redemption narratives were delineated. Survivors had not been spared depression but had made achievements in work and education and displayed remarkable generativity, parenting their own children well, and mentoring other young girls, especially victims of abuse

Bisimple monogenic orthodox semigroups

We give a complete description of the structure of all bisimple orthodox semigroups generated by two mutually inverse elements

Modern seawater acidification: The response of foraminifera to high-CO<inf>2</inf> conditions in the Mediterranean Sea

The seas around the island of Ischia (Italy) have a lowered pH as a result of volcanic gas vents that emit carbon dioxide from the sea floor at ambient seawater temperatures. These areas of acidified seawater provide natural laboratories in which to study the long-term biological response to rising CO2 levels. Benthic foraminifera (single-celled protists) are particularly interesting as they have short life histories, are environmentally sensitive and have an excellent fossil record. Here, we examine changes in foraminiferal assemblages along pH gradients at CO2 vents on the coast of Ischia and show that the foraminiferal distribution, diversity and nature of the fauna change markedly in the living assemblages as pH decreases. © 2010 Geological Society of London