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05 September 2018 Photo i-Stock
Save money and conserve the environment
Print only when it is necessary: Save money and conserve the environment.
Postgraduate students are often faced with the dilemma of not knowing whether to print or not to print their theses and dissertations for assessment. This may be because of the preference of different examiners. 

According to Dr Emmie Smit, Head: Academic Writing at the UFS Postgraduate School, students often spend a lot of money printing copies of their theses or dissertations and use expensive binding, only to find out that most examiners prefer electronic copies.
 
Supervisors should find out from examiners prior to submission whether the examiner prefers printed or electronic copies. In this way, students can save money and paper which will help to conserve the environment. When requested for assessment, hard copies need to be neatly bound. However, expensive binding is also not necessary. Stapling and ring-binding are acceptable and cost-effective.

Students are then required to submit the electronic and/or hard copies to the Postgraduate Student Academic Services. The UFS only requires an electronic copy of the after-assessment or final thesis/dissertation to be submitted to the UFS library for the database. 

The format and length of dissertations and theses are determined by faculty- or department-specific guidelines. However, they should be in academic style, with consistent formatting, and scholarly content. Students need to note that the UFS does not require students to print copies as gifts to supervisors, examiners, or friends and family.

Read the Policy on Master’s and Doctoral Studies to learn more

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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