Latest News Archive

Please select Category, Year, and then Month to display items
Previous Archive
07 December 2021 | Story Nonsindiso Qwabe
Christa Faber
Innovative Methods in Assessment Practices award winner for the Qwaqwa Campus, Christa Faber.

By working with students and being part of their development into successful young adults, Mathematics and Applied Mathematics Lecturer on the Qwaqwa Campus, Christa Faber, soon realised that she would like to proceed with her own studies, and she set her sights on just that. Obtaining her honours degree in Mathematical Statistics at age 40 inspired Faber to continue pursuing an education. She will be receiving her Master of Higher Education Studies degree during the December graduations.

Teaching has always been her passion, Faber shared fondly. She commenced her teaching career as a Mathematics teacher in a small town, Molteno, in the Eastern Cape. After four years of teaching, she worked as a Mathematics supply teacher in the United Kingdom for two years. Upon her return, she continued her teaching career in Harrismith, where she was appointed as a Science teacher at Harrismith High School, before receiving an offer to assist the UFS Qwaqwa Campus as a Statistics facilitator in 2003. She never looked back.

As a researcher, Faber has spent the past eight years using technology as an educational tool to determine whether it can be used to improve students’ performance and understanding of basic statistics. “I believe students learn best when they expect to be successful and see the value of the course for their personal development,” she said.

Faber conducted an experiment on how an online assessment tool (OAT) could be incorporated into the Statistics module to enhance student engagement, and consequently, the performance of students in a rural setting. The transition from face-to-face teaching to online learning has been a topic across all institutions of higher learning, with students’ response to learning on blended platforms being of great importance.

The learning experiment, conducted pre-COVID, showed the benefits that online assessment tools could have on the performance and engagement of students at a rural university. Faber said she considers it important to know how students engaged in key online and general learning practices as a way of managing and developing rural university education. For the experiment, a pragmatic parallel mixed methods design was used to divide students into two groups to compare the performances of those with online assessment tool interventions and those without.

The intervention recently won Faber the Innovative Methods in Assessment Practices award for the Qwaqwa Campus at this year’s Centre for Teaching and Learning awards. The purpose of the category was to showcase how assessment strategies, tools, and assessment activities are used to assess students in new, original, or inventive ways. She said she was grateful to receive recognition for a research project inspired by her passion for teaching and learning, combined with the use of online assessment technology, to enhance students’ learning experience in the field of statistics. “My ongoing research supports the promotion of student engagement in statistics education, as well as in the general educational field.”

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


We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept