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31 October 2018 Photo Charl Devenish
PhD students compete in three-minute thesis competition
The ten PhD students who participated in the Three-Minute-Thesis Competition.

Ten Doctor of Philosophy (PhD) students from five universities across the country were pitted against one another in the robust finals of the annual national Three-Minute Thesis (3MT) competition, held at the University of the Free State (UFS).

Postgraduate School Assistant Officer, Kamogelo Dithebe, said this is a research-communication competition developed by the University of Queensland, whereby PhD students are given three minutes to present a compelling oration on their thesis and its significance.

The competition challenges students to consolidate their ideas and research discoveries to be presented concisely to a non-specialist audience.

Developed in 2008, enthusiasm for the 3MT concept and its adoption in numerous universities has led to the development of an international competition. Students become eligible to participate in the national competition once they have participated in the competition at institutional level.
 
Dithebe stated that the institutional winner and the runner-up become eligible for representation at national level. Institutions that participated in the 2018 national competition were the University of KwaZulu-Natal, the University of Johannesburg, the University of Cape Town, Durban University of Technology, as well as the hosts, the University of the Free State.

Research on water-leakage problems comes out tops

The University of Cape Town’s Civil Engineering student, Rene Nsanzubuhoro, pipped all his counterparts to walk away with a R16 000 prize as well as a People’s Choice prize of R6 000 – this is where the audience were given ballots to vote for their choice. His topic was: Fighting leakage one pipe at a time

The core focus of his research was leakage in water-pipe systems. This is a major concern to water utilities for several reasons, including loss of a limited resource, pumping energy, revenue loss, and increased health risk as leaks are potential entry points for contaminants if a pressure drop occurs in the system. In the study, a novel device for assessing the condition of water-pipe systems was designed, constructed, and tested.

Research on clean water takes a second spot

The runner-up was a Chemical Engineering student from the University of Johannesburg, Oluwademilade Fayemiyo, who won a prize of R11 000. Her topic was: From wine to water: Searching within for clean water.

Two students from the University of the Free State, Trudie Strauss and Nokuthula Tlalajoe, represented the institution.

Strauss, who is a Mathematical Statistics student, talked about: Babelish Confusion: Finding statistical structure in the diversity of language.

Tlalajoe, a Health Professions Education student, presented the topic: Multiple transition for undergraduate first-year students in the MB CHB programme: Expectations, Experiences, and Emotions.

News Archive

Producers to save thousands with routine marketing strategies, says UFS researcher
2014-09-01

 

Photo: en.wikipedia.org

Using derivative markets as a marketing strategy can be complicated for farmers. The producers tend to use high risk strategies which include the selling of the crop on the cash market after harvest; whilst the high market risks require innovative strategies including the use of futures and options as traded on the South African Futures Exchange (SAFEX).

Using these innovative strategies are mostly due to a lack of interest and knowledge of the market. The purpose of the research conducted by Dr Dirk Strydom and Manfred Venter from the Department of Agricultural Economics at the University of the Free State (UFS) is to examine whether the adoption of a basic routine strategy is better than adopting no strategy at all.

The research illustrates that by using a Stochastic Efficiency with Respect to a Function (SERF) and Cumulative Distribution Function (CDF) that the use of five basic routine marketing strategies can be more rewarding. These basic strategies are:
• Put (plant time)
• Twelve-segment pricing
• Three-segment pricing
• Put (pollination)(Critical Moment in production/marketing process), and
• Pricing during pollination phase.

These strategies can be adopted by farmers without an in-depth understanding of the market and market-signals. Farmers can save as much as R1.6 million per year on a 2000ha farm with an average yield.

The results obtained from the research illustrate that each strategy is different for each crop. Very important is that the hedging strategies are better than no hedging strategy at all.

This research can also be applicable to the procurement side of the supply chain.

Maize milling firms use complex procurement strategies to procure their raw materials, or sometimes no strategy at all. In this research, basic routine price hedging strategies were analysed as part of the procurement of white maize over a ten-year period ranging from 2002–2012. Part of the pricing strategies used to procure white maize over the period of ten years were a call and min/max strategy. These strategies were compared to the baseline spot market. The data was obtained from the Johannesburg Stock Exchange’s Agricultural Products Division better known as SAFEX.

The results obtained from the research prove that by using basic routine price-hedging strategies to procure white maize, it is more beneficial to do so than by procuring from the spot market (a difference of more than R100 mil).

Thus, it can be concluded that it is not always necessary to use a complex method of sourcing white maize through SAFEX, to be efficient. By implementing a basic routine price hedging strategy year on year it can be better than procuring from the spot market.

Understanding the Maize Maze by Dr Dirk Strydom and Manfred Venter (pdf) - The Dairy Mail


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