ISSN 2756-3308
Research Article
African Journal of Estate and Property Management ISSN 9671-8498 Vol. 4 (6), pp. 001-007, June, 2017. © International Scholars Journals
Full Length Research Paper
An analysis of small and medium-sized forest products enterprises in Turkey based on production, capacity usage, machine park and technology
Derya Sevim Korkut1*, Emel Erdem2 and M. Nafiz Duru3
1Duzce University, Faculty of Forestry, Department of Forest Industrial Engineering, Duzce, 81620, Turkey.
2Forest Industrial Engineer, Duzce-Turkey.
3Istanbul Aydin University, Faculty of Engineering and Architecture, Department of Industrial Engineering, Istanbul- Turkey.
Accepted 11 January, 2017
Abstract
With this work, it is aimed to put forward the present situation about “production, capacity usage, machine park and technology” and to define the problems of the actuations of the forest products industry which is included in the scope of small and medium-sized enterprises (SME) in Duzce (an important place in terms of actuating the forest products industry in Turkey). For this aim, face-to-face questionnaires were administered to 43 SMEs in the forest products industry in Duzce. Data obtained revealed the problems of the SMEs and it was found that the basis of their problems was insufficient finance.
Key words: Small and medium sized enterprises, SME, forest industry, Turkey.
Emel Erdem and M. Nafiz Duru, Derya Sevim Korkut*
Page: 1 - 7
Research Article
African Journal of Estate and Property Management ISSN 9671-8498 Vol. 4 (5), pp. 001-008, May, 2017. © International Scholars Journals
Full Length Research Paper
Modelling the volatility of exchange rates in the Kenyan market
Isaya Maana1, Peter N. Mwita 2* and Romanus Odhiambo2
1Central Bank of Kenya, P. O. Box 60000-00200, Kenya.
2Department of Statistics and Actuarial Sciences, Jomo Kenyatta University of Agriculture and Technology, P. O. Box 62000-00200, Nairobi, Kenya.
Accepted 18 January, 2017
Abstract
This paper considers the application of the generalized autoregressive conditional heteroscedasticity process in the estimation of volatility in the Kenyan exchange rates. A quasi-maximum likelihood estimation procedure was used and asymptotic properties of the estimators were given. Exploratory data analysis performed indicated that the returns are heavy tailed. It was found that the estimated model fits the exchange rates return data well.
Key words: Volatility, exchange, returns, autoregressive, heteroscedasticity, likelihood, quasi, maximum, estimator.
Peter N. Mwita* and Romanus Odhiambo, Isaya Maana
Page: 1 - 8
Research Article
African Journal of Estate and Property Management ISSN 9671-8498 Vol. 4 (4), pp. 001-006, April, 2017. © International Scholars Journals
Full Length Research Paper
Investigation of the impact of applying TOC in MRP using a case study
Kamaladin Rahmani1, Abolfazl Fereydooni2, Mahmood Behravesh3 and Masoud Behravesh4*
1Department of Economics and Management, Islamic Azad University -Tabriz Branch, Iran.
2Islamic Azad University -Tabriz Branch, Iran.
3Department of Industrial Engineering, Sharif University of Technology, Iran.
4Department of Economics and Administrative Sciences, Allameh Mohadeth Noori Institute of Higher Education, Iran.
Accepted 21 June, 206
Abstract
In this research, the impact of applying TOC in MRP systems was studied using a case study. First the theories of TOC and MRP and their integration histories were reviewed. The research methodology was devised using library and field studies. The proposed method was applied to Tabriz Diecast Aluminum Casing and Bending Company. The company’s organizational documents were used in studying the impact on company operations. The collected documents and information were thoroughly evaluated and analyzed to obtain the final results of using TOC in MRP production systems as presented in this paper. In today’s economy, cost reduction and increased production output and quality are regarded as top priorities for survival and competition as they can guarantee the success of a company in the long run.
Key words: Constraint, theory of constraints, manufacturing resource planning OR, manufacturing resource planning (MRP), optimized production techniques (OPT).
Kamaladin Rahmani, Mahmood Behravesh and Masoud Behravesh*, Abolfazl Fereydooni
Page: 1 - 6
Research Article
African Journal of Estate and Property Management ISSN 9671-8498 Vol. 4 (3), pp. 001-005, March, 2017. © International Scholars Journals
Full Length Research Paper
The SEEDS of oil price fluctuations: A management perspective
Shih-Chi Chang
Department of Business Administration, National Changhua University of Education, No. 1, Jin-De Road, Changhua City 500, Taiwan. E-mail: [email protected]. Tel: 886-4-7232105 ext. 7416 Fax: 886-4-7211292.
Accepted 16 October, 2016
Abstract
In view of unreasonable oil price fluctuations, this paper reviews past researches to propose a SEEDS framework to analyze the forces that influence oil price fluctuations. The SEEDS framework discusses oil price fluctuations from the supply side, environmental protection side, economic side, demand side and substitute side. According to SEEDS, we believe the rapid increase in oil price is not good for both net oil exporters and net oil importers. Of course, nobody doubts that crude oil reserves are limited. We also believe that oil prices would continuously increase, but not double or triple within one year. The global economy cannot endure sharp increase in manufacturing costs and product prices. This would reduce consumption and production at the same time, followed shortly by financial market crisis. Recognizing the symbiosis of net oil exporters and net oil importers is very important; we believe that this framework will help people understand that rapid increases in oil price are dangerous to world economics. The SEEDS framework can also be applied to analyze the price fluctuations of bulk commodities.
Key words: SEEDS, oil price, price fluctuation.
Shih-Chi Chang
Page: 1 - 5
Research Article
African Journal of Estate and Property Management ISSN 9671-8498 Vol. 4 (2), pp. 001-004, February, 2017. © International Scholars Journals
Full Length Research Paper
Are REITs defensive? Evidence from the U.S.
Ming-Che Wu1, Yung-Shi Liau2* and Yung-Chang Wang3
1Overseas Chinese University, 100 Chiao Kwang Road, Taichung 407, Taiwan.
2Nanhua University, 55, Sec. 1, Nanhua Road, Dalin, Chiayi 62248, Taiwan.
3Chinese Culture University, 55 Hua Kang Road, Yang Ming Shan, Taipei 11114, Taiwan.
Accepted 26 September, 2016
Abstract
Real estate investment trusts (REITs) are regarded as defensive assets with low risk and returns in the real world. The dynamic conditional correlations bivariate threshold GARCH (DCC-TGARCH) model is employed to test for the defensive property of REITs. The data are collected at daily intervals covering the time period from January 3, 2005 to December 31, 2009. Evidence indicates that, the betas work asymmetrically in the up and down markets as well as that the systematic risk of REITs is lower in the down market. In other words, the four types of REITs act as defensive stocks in the time period under discussion in the sense that REITs have lower downside betas when the market declines.
Key words: REITs, defensive, DCC-TGARCH, beta.
Ming-Che Wu, Yung-Shi Liau* and Yung-Chang Wang
Page: 1 - 4
Research Article
African Journal of Estate and Property Management ISSN 9671-8498 Vol. 4 (1), pp. 001-005, January, 2017. © International Scholars Journals
Full Length Research Paper
Classroom teacher candidates’ self-leadership behaviour
Nuriye Semerci1*, Kaan Güney2, Ferda Alper-Ay3 and Çetin Semerci4
1Department of Educational Sciences, Faculty of Education, Firat University, Elazıg, Turkey.
2Department of Educational Sciences, Faculty of Education, Cumhuriyet University, Sivas, Turkey.
3Department of Health Management, Faculty of Health Sciences, Cumhuriyet University, Sivas, Turkey.
4Department of Educational Sciences, Faculty of Education, Firat University, Elazıg, Turkey.
Accepted 15 May, 2016
Abstract
The aim of this research is to determine classroom teacher candidates’ self-leadership behaviour. The survey method is used in this research. The population of the research consisted of 272 senior students studying at the faculties of education at primary classroom teaching departments at four universities (Agrı Ibrahim Cecen University, Cumhuriyet University, Firat University and Kilis 7 Aralık University) in Turkey. The sample of the research has randomly been chosen and consisted of 262 (83%) students. Statistically a meaningful difference at the 0.05 level is found when distributing the collected data about self-award and cueing, the sub-dimensions of the measure, to universities. The self-leadership behaviour has kept steady at the level of “Generally” and should be advanced to the level of “Always”.
Key words: Self-seadership, self-leadership behaviour, classroom teacher candidates.
Kaan Güney, Ferda Alper-Ay and Çetin Semerci, Nuriye Semerci*
Page: 1 - 5