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24 April 2023 | Story Leonie Bolleurs | Photo Supplied
Corlé van der Walt received her honours degree in mathematics and applied mathematics. She wants to show students that mathematics is not necessarily difficult, but that it is logical and practical.

Mathematics is undeniably part of the world – from telling time, buying groceries, to manufacturing clothing sizes, and everything in between.

This is the view of Corlé van der Walt, Junior Lecturer in the Department of Mathematics and Applied Mathematics at the University of the Free State (UFS), who received her honours degree in mathematics and applied mathematics (with distinction) at the university’s April 2023 graduation ceremonies. 

The focus of her honours was on applied mathematics, specifically optimisation and dynamical systems. “These subjects link to my undergraduate degree, which is in industrial engineering,” says Van der Walt, who has always enjoyed and excelled in mathematics for as long as she can remember. 

Maths = skills +

She believes that mathematics is important because it helps us describe and value ourselves. “But still, mathematics is more than just the skills we learn; in the words of Albert Einstein, "Mathematics is, in its way, the poetry of logical ideas".

She says that mathematics is also the foundation for other sciences, such as physics, chemistry, and engineering. “Mathematics paves the way for all other forms of science. Without the computational groundwork, it will not be possible to do physics, chemistry, engineering, or any other form of science,” she adds, remarking that we will not be able to make scientific or technological progress.

“This is where I come in; I want to teach young upcoming students’ mathematics and the power of it. I want to show students that mathematics is not necessarily difficult, but that it is logical and practical. With my current qualification, I have already been appointed as a junior lecturer and I teach precalculus to university students who would like to take calculus,” she says.

A balancing act

Although she enjoys her work, Van der Walt finds it challenging to juggle work and studies. But she overcomes these obstacles by prioritising tasks and celebrating small achievements. Her motivation also comes from the joy of seeing her students understand concepts that they previously struggled with. 

With plans to complete her master's degree in the next two years and commencing her PhD studies, Van der Walt is committed to teaching the power of mathematics to upcoming students.

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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