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10 November 2021 | Story Leonie Bolleurs | Photo Supplied
Prof Abdon Atangana was recently elected a fellow of The World Academy of Sciences (TWAS).

Prof Abdon Atangana, Professor of Applied Mathematics in the Institute for Groundwater Studies at the University of the Free State (UFS), was recently elected a fellow of The World Academy of Sciences (TWAS).

He also received the World Academy of Sciences Award for Mathematics (TWAS -Mohammad A. Hamdan, 2020) on 1 November 2021.

TWAS, described as the voice for science in the South, is working towards the advancement of science in developing countries and supports sustainable prosperity through research, education, policy, and diplomacy. 

Outstanding contribution to science

Prof Mohamed HA Hassan, President of TWAS, congratulated Prof Atangana on this prestigious achievement, “Your election as fellow is a clear recognition of your outstanding contribution to science and its promotion in the developing world. We will be honoured to have you among our members.”

Candidates elected as TWAS Fellows are scientists whose contributions to their respective fields of science meet internationally accepted standards of excellence, and they must have distinguished themselves in efforts to promote science in developing countries. 

Prof Atangana is known for his research to develop a new fractional operator, the Atangana-Baleanu operator, which is to model real-world problems. With this operator, he not only describes the rate at which something will change, but also account for disrupting factors that will help to produce better projections.

Among others, his models can advise people drilling for water by predicting how groundwater is flowing in a complex geological formation. Furthermore, his work can also be applied to predict the spread of infectious diseases among people in a settlement, forecasting the number of people who will be infected each day, the number of people who will recover, and the number of people who will die. 

These are only two examples of how his work can be applied to better the lives of people.

Promoting science in the developing world

Besides promoting science in the developing world, Prof Atangana’s work also contributes to the United Nations Sustainable Development Goals – the global goals as set in 2015 that call for ending poverty, protecting the planet, and ensuring that all people enjoy prosperity and peace.

Prof Atangana says the election as fellow is a clear recognition of his outstanding contribution to science and its promotion in the developing world. “My work over the past five years has made a great impact in all fields of science, technology, and engineering.”

To be elected as TWAS fellow in mathematics, made him the second South African researcher to be elected in the field of mathematics (the first person elected was Prof Reddy Batmanathan Dayanand, who was elected in 2003). This also placed him as the sixth African mathematician to be elected as a TWAS fellow.

Very recently, he also ranked number one in the world in mathematics, number 186 in the world in all the fields, and number one in Africa in all the fields, according to the Stanford list of 2% single-year table.

He was also named among the top 1% of scientists on the global Clarivate Web of Science list. Less than 6 200 or 0,1% of the world's researchers were included on this list in 2020, with no more than 10 of the scientists hailing from South Africa. 

Prof Atangana is also editor of more than 20 top-tier journals of applied mathematics and mathematics, and for some of these journals he was the first African to be selected as editor. 

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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