932 resultados para Realized volitility


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The biodiesel industry in the United States has realized significant growth over the past decade through large increases in annual production and production capacity and a transition from smaller batch plants to larger-scale continuous producers. The larger, continuous-flow plants provide operating cost advantages over the smaller batch plants through their ability to capture co-products and reuse certain components in the production process. This paper uses a simple capital budgeting model developed by the authors along with production data supplied by industry sources to estimate production costs, return-on-investment levels, and break-even conditions for two common plant sizes (30 and 60 million gallon annual capacities) over a range of biodiesel and feedstock price levels. The analysis shows that the larger plant realizes returns to scale in both labor and capital costs, enabling the larger plant to pay up to $0.015 more per pound for the feedstock to achieve equivalent return levels as the smaller plant under the same conditions. The paper contributes to the growing literature on the biodiesel industry by using the most current conversion rates for the production technology and current price levels to estimate biodiesel production costs and potential plant performance, providing a useful follow-up to previous studies.

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After reviewing the literature, this work tries to show the importance of teaching vocabulary fõr students’ literacy skills, especially, reading comprehension. Many researchers suggest that the greatest amount of vocabulary growth occurs through incidental word learning in wide reading, and, research indicates that vocabulary instruction is an important vehicle for vocabulary learning. (Anderson& Nagy, as cited in Harmon, 1992, p.306). Word knowledge is one of the best ways of successful reading and comprehension. “Reading enhancement correlates with reader’s vocabulary” (Im, 1994, p.12). Therefore, today’s language teachers and researchers have realized the important role of vocabulary in reading comprehension. A survey carried out on 10th, 11th and 12th grade students, regarding their reading comprehension, shows that unknown words is one of the factors which influences their ability to read and comprehend a passage. It also shows that students feel the need to be instructed on strategy when encountering new words and consequently improving their vocabulary. This inhibits their understanding of a reading selection. As a result it is crucial that teachers equip students with methodological tools to be employed when they encounter unknown words. There are a lot systematic approaches for discerning which skills and words a teacher should focus on and meaningful classroom activities to reinforce the words and strategies that teachers can use to help students increase their word knowledge. Finally research indicates that developing students’ vocabulary correlates with success in all areas of curriculum (Edger, 1999, p.14). The success of vocabulary development depends on students’ active process of learning and strategies used by teachers.

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This paper develops a model of the bubbly economy and uses it to study the effects of bailoutpolicies. In the bubbly economy, weak enforcement institutions do not allow firms to pledge futurerevenues to their creditors. As a result, "fundamental" collateral is scarce and this impairs the intermediationprocess that transforms savings into capital. To overcome this shortage of "fundamental"collateral, the bubbly economy creates "bubbly" collateral. This additional collateral supports anintricate array of intra- and inter-generational transfers that allow savings to be transformed intocapital and bubbles. Swings in investor sentiment lead to fluctuations in the amount of bubblycollateral, giving rise to bubbly business cycles with very rich and complex dynamics.Bailout policies can affect these dynamics in a variety of ways. Expected bailouts provideadditional collateral and expand investment and the capital stock. Realized bailouts reduce thesupply of funds and contract investment and the capital stock. Thus, bailout policies tend to fosterinvestment and growth in normal times, but to depress investment and growth during crisis periods.We show how to design bailout policies that maximize various policy objectives.

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Este estudo, realizado sobre a temática “A Avaliação de Desempenho como Factor de Motivação”, através da revisão bibliográfica e de um estudo de caso na Sociedade Cabo-verdiana de Tabacos, SA, teve como objectivo mostrar os impactos da avaliação de desempenho na motivação dos colaboradores. O trabalho encontra-se estruturado em quatro capítulos, sendo que no primeiro e segundo fez-se uma revisão bibliográfica, para uma melhor fundamentação teórica do trabalho. O terceiro capítulo, refere-se ao estudo de caso feito na referida empresa, onde foi aplicado um questionário para apurar, acerca da percepção que os colaboradores têm do sistema de avaliação de desempenho que são submetidos e da adequabilidade do mesmo à estrutura da organização, e ainda a aplicação da teoria de Victor Vroom para medir a motivação dos colaboradores. E por último, no quarto capítulo, referimos às conclusões e subsequentes recomendações. Da análise dos dados recolhidos na empresa, verificamos que o nível motivacional com que a maioria dos colaboradores da SCT, SA desenvolvem as suas tarefas está abaixo da média, o que conduziu-nos a conclusão de que eles estão desmotivados, pelo que a empresa deverá criar medidas que possam estimular os colaboradores de forma a reverter essa situação. This study about the topic "Performance Evaluation as Motivation Factor", through literature review and a case study in Sociedade Cabo-verdiana de Tabacos, SA, aimed to show the impact of performance evaluation on employee motivation. The work is structured in four chapters and in the first and second we did a literature review for better theoretical foundation of the work. The third chapter refers to the case study in the company mentioned above, which was administered a questionary to know what the employees think about the performance evaluation system in the company, and so the application of Victor Vroom´s theory to measure the employees motivation. And finally in the fourth chapter we refer some conclusions and recommendations for the company. After the analysis of the data given in the company, we realized that the motivation level witch the majority of the employees in SCT, SA work is under the average, what made us come to the conclusion that they are not motivated. So we suggest the company to develop strategies to stimulate the employees in order to reverse this situation

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This paper analyses the interaction of two topics: Supply Chain Management (SCM) andInternet. Merging these two fields is a key area of concern for contemporary managers andresearchers. They have realized that Internet can enhance SCM by making real timeinformation available and enabling collaboration between trading partners. The aim of thispaper is to define e-SCM, analyze how research in this area has evolved during the period1995-2003 and identify some lines of further research. To do that a literature review inprestigious academic journals in Operations Management and Logistics has beenconducted.

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We propose a simple adaptive procedure for playing a game. In thisprocedure, players depart from their current play with probabilities thatare proportional to measures of regret for not having used other strategies(these measures are updated every period). It is shown that our adaptiveprocedure guaranties that with probability one, the sample distributionsof play converge to the set of correlated equilibria of the game. Tocompute these regret measures, a player needs to know his payoff functionand the history of play. We also offer a variation where every playerknows only his own realized payoff history (but not his payoff function).

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The central message of this paper is that nobody should be using the samplecovariance matrix for the purpose of portfolio optimization. It containsestimation error of the kind most likely to perturb a mean-varianceoptimizer. In its place, we suggest using the matrix obtained from thesample covariance matrix through a transformation called shrinkage. Thistends to pull the most extreme coefficients towards more central values,thereby systematically reducing estimation error where it matters most.Statistically, the challenge is to know the optimal shrinkage intensity,and we give the formula for that. Without changing any other step in theportfolio optimization process, we show on actual stock market data thatshrinkage reduces tracking error relative to a benchmark index, andsubstantially increases the realized information ratio of the activeportfolio manager.

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A problemática do controlo interno como factor de melhoria empresarial, foi a que orientou esta pesquisa realizada no CEFPSC (Centro de Emprego e Formação Profissional de Santa Cruz). É que, segundo Morais & Martins (2007, pág. 27) existe controlo adequado quando a gestão planeou e organizou, isto é, concebeu, de tal modo que foi assegurado uma garantia razoável que os riscos da organização foram adequadamente geridos e de que os objectivos e metas da organização serão alcançados de forma eficiente e económica. Sendo assim, é de notar a importância desta ferramenta em traçar estratégias de gestão no processo decisório, servindo assim de uma mais-valia à entidade com vista a permitir responder à questão: Em que medida o controlo interno tem sido utilizado como método de apoio à gestão do Centro de Emprego e Formação Profissional de Santa Cruz? Este trabalho tem como objectivo compreender a actuação e a contribuição do Controlo Interno na gestão eficiente do CEFPSC. As informações foram recolhidas mediante a aplicação de um questionário de controlo interno e entrevistas ao Responsável do CEFPSC, bem como ao Presidente do IEFP, enquanto órgão central. O tratamento dos dados foi realizado com auxílio informático, utilizando, para tal, o programa Excel.

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This research project has as main objective the design of a project to raise awareness and environmental education in the area of prevention of the urban waste production by focusing on the presentation of a methodological proposal to incorporate this theme in the Course Curriculum of the Basic Education in Cape Verde. The study aimed beyond the project design, the preparation of a guide and a set of activities, instruments to be used by the educational community and more directly by the teachers of the Basic Education (EB) of Cape Verde for knowledge construction in study area and promove the development of skills of those teachers in terms of planning activities for waste prevention. The realized work included visits to various sources of information considered relevant, the application and validation of some activities in the population testing process using the technique of participant observation. This research involved the collaboration of the educational community of Praia namely the BE teachers, Pedagogical team teaching and Promoters of the new BE Curriculum. The study made a contribution in the view of the definition of the methodology of the work project and the assessment tool in order to reflect on the work process and its subsequent correction / improvement of future operations. We also present a proposal of monitoring and evaluation instrument of the project which will be applied during the implementation phase. Its use will enable the school community to improve their practices and will facilitate the involvement of the educational community taking into consideration an environmental sustainability

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In the present study we are going to analyze the development of the ingroup favoritism and outgroup derogation in relation to national groups (Portuguese as ingroup and Cape-Verdeans, Brazilian and Chinese as outgroups) in Portuguese children with ages between 6 and 10 years (60 participants with 6/7 years and 60 participants with 9/10 years). The first aim of this research was to examine whether the ingroup favoritism and outgroup derogation changes according to the age groups. We started from the idea that the age groups would show ingroup preference. However in relation to negativity outgroup it was expected to be less evident. The second aim of this study was to examine if the ingroup favoritism and outgroup derogation would be relatively independent, or if they would be related to each other, so that positive perceptions of national ingroup were associated with negative perceptions of national outgroups (in particular, Cape-Verde, Brazilian and Chinese). In a nut Shell, the results confirmed the hypotheses, and in both age groups, the children showed ingroup preference, the negativism of the outgroup was less obvious in the Brazilian group but not in the others (Cape-Verdeans and Chinese). Regarding the relation between the preference for the ingroup and the negativity of the outgroup we realized that these are relatively independent. As a result, we found that the ingroup favoritism is not related with outgroup derogation, it means that, positive perceptions of the ingroup are not related with negative perceptions of the outgroups.

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O presente trabalho de projecto tem como principal objectivo a concepção de um projecto de sensibilização e educação ambiental na área da prevenção da produção dos resíduos urbanos com enfoque na apresentação de uma proposta metodológica de integração desta temática nos Currícula do Ensino Básico de Cabo Verde. Do estudo desenvolvido resultou, além da concepção do projecto, a elaboração de um guia, bem como um caderno de actividades, instrumentos a serem utilizados pela comunidade educativa e mais directamente pelos professores do Ensino Básico (EB) de Cabo Verde visando o reforço de conhecimentos na área de estudo identificada e o desenvolvimento de competências juntos dos referidos professores, para a planificação de actividades de prevenção da produção dos resíduos urbanos. O trabalho realizado compreendeu visitas a várias fontes de informação consideradas pertinentes assim como a aplicação e validação de algumas actividades numa população-teste com utilização da técnica de observação participante. Deste modo, o estudo contou com a colaboração da comunidade educativa da Cidade da Praia nomeadamente professores do EB, Equipa pedagógica e Promotores do novo Currículo do EB. O estudo permitiu dar um contributo na perspectiva da definição da metodologia do trabalho do projecto e instrumento de avaliação, visando uma reflexão sobre o trabalho desenvolvido e sua consequente correcção/melhoria de futuras acções. Apresentamos ainda uma proposta de instrumentos de acompanhamento e avaliação do projecto cuja aplicação se propõe no decorrer da implementação do mesmo. A sua utilização permitirá à comunidade escolar melhorar as suas práticas e facilitará o envolvimento da comunidade educativa tendo em vista a sustentabilidade ambiental.

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This research project has as main objective the design of a project to raise awareness and environmental education in the area of prevention of the urban waste production by focusing on the presentation of a methodological proposal to incorporate this theme in the Course Curriculum of the Basic Education in Cape Verde. The study aimed beyond the project design, the preparation of a guide and a set of activities, instruments to be used by the educational community and more directly by the teachers of the Basic Education (EB) of Cape Verde for knowledge construction in study area and promove the development of skills of those teachers in terms of planning activities for waste prevention. The realized work included visits to various sources of information considered relevant, the application and validation of some activities in the population testing process using the technique of participant observation. This research involved the collaboration of the educational community of Praia namely the BE teachers, Pedagogical team teaching and Promoters of the new BE Curriculum. The study made a contribution in the view of the definition of the methodology of the work project and the assessment tool in order to reflect on the work process and its subsequent correction / improvement of future operations. We also present a proposal of monitoring and evaluation instrument of the project which will be applied during the implementation phase. Its use will enable the school community to improve their practices and will facilitate the involvement of the educational community taking into consideration an environmental sustainability

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In the present study we are going to analyze the development of the ingroup favoritism and outgroup derogation in relation to national groups (Portuguese as ingroup and Cape-Verdeans, Brazilian and Chinese as outgroups) in Portuguese children with ages between 6 and 10 years (60 participants with 6/7 years and 60 participants with 9/10 years). The first aim of this research was to examine whether the ingroup favoritism and outgroup derogation changes according to the age groups. We started from the idea that the age groups would show ingroup preference. However in relation to negativity outgroup it was expected to be less evident. The second aim of this study was to examine if the ingroup favoritism and outgroup derogation would be relatively independent, or if they would be related to each other, so that positive perceptions of national ingroup were associated with negative perceptions of national outgroups (in particular, Cape-Verde, Brazilian and Chinese). In a nut Shell, the results confirmed the hypotheses, and in both age groups, the children showed ingroup preference, the negativism of the outgroup was less obvious in the Brazilian group but not in the others (Cape-Verdeans and Chinese). Regarding the relation between the preference for the ingroup and the negativity of the outgroup we realized that these are relatively independent. As a result, we found that the ingroup favoritism is not related with outgroup derogation, it means that, positive perceptions of the ingroup are not related with negative perceptions of the outgroups.

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Esta dissertação visou compreender o caráter temático e discursivo de algumas crónicas literárias de dois autores cabo-verdianos, Dina Salústio e Daniel Medina, e provar o carácter pedagógico e humanitário das composições. Fez-se, num primeiro momento, um estudo de conteúdos teóricos sobre a cronística portuguesa, visando recensear aspetos relacionados com a evolução do género ao longo dos tempos, desde a Idade Média até à Contemporaneidade, sempre numa perspetiva pragmática, e discutiram-se as características enformadoras do género, sendo assinaláveis a subjetividade, versatilidade, objetividade, estilo entre o oral e o literário, quotidianidade e dialogismo. De seguida, em termos metodológicos, optou-se por convocar o ethos de Amossy e Maingueneau para o estudo das composições. Num segundo momento, através de dez crónicas literárias cabo-verdianas, sendo cinco de cada autor, procedeu-se à análise crítica das quais se confirmou, a partir da análise temática, uma preocupação pedagógica e humanitária uma vez que se notou uma certa inquietação com problemas que envolvem a idiossincrasia do homem cabo-verdiano, como a perda de valores em termos educacionais e instrucionais, quer no seio familiar como escolar, a preocupação com os mais desfavorecidos materialmente, onde se destacam crianças órfãs de pais vivos, o descaso com os doentes mentais e as crianças de rua, a gravidez precoce, a prostituição infantil, entre outros. O modo, como os cronistas se posicionam face à abordagem dos temas, permitiu-nos projetar o ethos discursivo de duas personalidades sensíveis, sérias e comprometidas com os valores mais nobres que enformam o ser humano. Do mesmo modo, pôde constatar como características relevantes das composições a subjetividade e pessoalidade discursivas, a brevidade, o diálogo no estilo indirecto livre, a quotidianidade e literariedade aliados a alguns recursos retóricos que nos permitiram apurar os tons sério e irónico do sujeito enunciador ao tratar as questões temáticas.

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No presente estudo vamos analisar o desenvolvimento do favoritismo endogrupal e do “derogation” (desvalorização) exogrupal em relação a grupos nacionais (portugueses como endogrupo e cabo-verdianos, brasileiros e chineses como exogrupos) em crianças portuguesas com idades compreendidas entre os 6 e os 10 anos (60 participantes com 6/7 anos e 60 participantes com 9/10 anos). O primeiro objectivo desta investigação consistiu em examinar se o favoritismo endogrupal e o “derogation” exogrupal variam em função de grupos etários. Partimos da ideia de que os grupos etários evidenciariam preferência endogrupal. Já em relação à negatividade exogrupal era esperado que fosse menos evidente. O segundo objectivo deste estudo foi examinar se o favoritismo endogrupal e o “derogation” exogrupal seriam relativamente independentes, ou se estariam reciprocamente relacionados, de modo que percepções positivas do endogrupo nacional estivessem associadas com percepções negativas dos exogrupos nacionais (em particular, cabo-verdianos, brasileiros e chineses). Os resultados confirmaram as hipóteses, assim em ambos os grupos etários as crianças evidenciaram preferência endogrupal, a negatividade do exogrupo, foi apenas menos evidente para o exogrupo brasileiros e não para os restantes (cabo-verdianos e chineses). Relativamente à relação entre a preferência pelo endogrupo e a negatividade do exogrupo verificou-se que estas são relativamente independentes. Assim verificou-se que o favoritismo endogrupal não está relacionado com a desvalorização exogrupal, ou seja, percepções positivas do endogrupo não estão relacionadas com percepções negativas dos exogrupos.