Academic literature on the topic 'Technical-economic indicators'

Equity risk premium contains the property of reflecting the fundamental judgments of individuals regarding risk that might exists in the economic market and the price associated with that risk. For ERP forecasting, attention is also devoted to technical indicators apart from the macro-economic variables. A set of 14 technical and 14 macro-economic variables is selected for this purpose and based on a standard predictive regression framework; all forecasts are generated by regressing ERP on a constant and a lag of macro-economic or technical indicator. It is found that as compared to macro-economic variables technical indicators provide better indications about ERP estimates. By using National Bureau of Economic Research (NBER) data of business cycle expansion and recessions, relative strength of ERP predictability is also investigated and it is found more than twice for recessions as compare to expansions.

Subject. The article analyzes development trends in certain types of service robots, namely, hybrid UAVs, bionic prosthetic hands, robotic vacuum cleaners. Objectives. We focus on identifying the main trends in the development of certain types of service robots, building dynamic models of their technical indicators and models of dependence of their price and weight on absolute characteristics and technical parameters. Methods. The study employs methods of correlation and multiple regression analysis. The data of the IFR, the Remotely Piloted Aircraft System, and websites of robot manufacturers serve as the informational basis of the paper. Results. The modeling unveils positive correlation between the integrated indicator of the technical level of hybrid UAVs of convertiplane type and the wingspan. The analysis of modern bionic prosthetic hands shows that the developers focus on optimizing the structure of the prosthetic, however, as the functions of the hand improve, the weight of bionic hand increases. The main factors influencing the price of robot vacuum cleaners are their power, weight, and operating hours. Conclusions. The unit price of a complex indicator of the technical level of hybrid UAVs is lower than the corresponding indicator of fixed-wing UAVs, reflecting a greater efficiency of hybrid UAVs. The analysis of technical indicators of robotic prosthetics (using the case of bionic hands) shows that any improvement of functional characteristics leads to deterioration of weight. The analysis of technical and economic indicators of robotic vacuum cleaners reveals a positive correlation between the price and weight, operating hours and power.

The purpose of the research of this scientific work is to assess the possibilities of development of farms in modern conditions, as well as to find out the problems and prospects of farms in Ukraine. Method. Farming is a form of entrepreneurial activity of citizens with or without the creation of a legal entity who have expressed a desire to produce marketable agricultural products, process and sell them in order to make a profit on land provided for family farming. An important role in the production of agricultural products is now given to farms that have actually become full-fledged entities in the agrarian diversified economy, have passed their first stage of formation and formation. The presence of a large number of large producers, problems of organization and location of wholesale markets, insufficient population of rural areas, inadequate level of resource supply – all this determines the specifics of the competitive environment in which farms operate. The task of development of farms in Ukraine requires the study of the peculiarities of their activities, analysis of the current stage of functioning of farms, identifying obstacles to their development and outlining areas for improvement of their activities. This is what determines the relevance of this article. Results. The scales and tendencies of development of farms in Ukraine, their place among other agricultural producers, including in the context of regions of Ukraine are analyzed. The main indicators of their activity are described. It is confirmed that despite the large number of farms, their place in the agricultural economy of Ukraine still remains insignificant. The main organizational and economic problems of farm development in Ukraine have been identified, which are related to the lack of equity, conditions for free access to credit, as well as the inadequate ratio between prices for technical equipment and agricultural products. The position of farms in the world is revealed. Scientific novelty and practical significance. The development of farming as a priority form of agricultural farms is shown. A number of measures for the development of farms are proposed. The advantages of farms over personal farms and over agricultural enterprises are given. Problems and prospects of farming in Ukraine are revealed.

The study evaluates the economic feasibility of technical analysis in the Indian stock market. It discusses that technical indicators do not outperform Simple Buy and Hold strategy on net return basis for individual stocks. Technical indicators seem to do better during market upturns compared to market downturns. However, technical based trading strategies are not feasible vis-à-vis passive strategy irrespective of market cycle conditions. Technical indicators also do not provide economically significant profit for industry as well as economy based data. Combining fundamentals with technical information, we find, that technical indicators are more profitable for small stocks compared to big stocks and for high value stocks compared to low value stocks. However, the economic feasibility of fundamentals' based technical strategies is still questionable. Our results seem to confirm with the efficient market hypothesis.

Circular business models can assist in reshaping and transitioning away from the current linear consumption pattern which can in turn allow us to achieve a circular economy. Businesses can change their operating model and consider a more sustainable alternative to their current production and consumption method. For businesses to assist in the transition of circular economy, the circular economy strategies can be integrated into their business models. Companies have already started to align goals and objectives to achieve this by measuring performance indicators. Key Performance Indicators (KPIs) are used to effectively communicate and set targets to be achieved within different levels of an organization. KPIs can be used to monitor the progress of different aspects of sustainability including environment, economic and social. Due to this reason, many industries are shifting towards a circular business model to ensure better resource utilization and sustainable operations. For companies to evaluate their progress towards their set targets and goals, performance measurement is crucial. In this study, relevant existing circular KPIs have been identified which can be implemented by the case companies to measure the performance of their supply chain and entire business model. The technical, environmental, and socio-economic dimensions are focused on this study while identifying the Key Performance Indicators. A systematic literature review was initially performed during this study. Data achieved from literature was then compared with empirical data. The empirical data is based on interviews and surveys conducted with the case companies which were later compiled to develop the suitable indicators.
Cirkulära affärsmodeller kan hjälpa till att omforma och övergå från det nuvarande linjära konsumtionsmönstret, vilket i sin tur kan göra det möjligt för oss att uppnå en cirkulär ekonomi. Företag kan ändra sin driftsmodell och överväga ett mer hållbart alternativ till sin nuvarande produktions- och konsumtionsmetod. För att företag ska bistå vid övergången till cirkulär ekonomi kan strategierna för cirkulär ekonomi integreras i deras affärsmodeller. Företag har redan börjat anpassa sina mål för att uppnå detta genom att mäta prestationsindikatorer. Key Performance Indicators (KPI) används för att effektivt kommunicera och sätta upp mål som ska uppnås inom olika nivåer i en organisation. KPIs kan användas för att övervaka utvecklingen av olika aspekter av hållbarhet, inklusive miljö, ekonomisk och social. Av denna anledning övergår många branscher mot en cirkulär affärsmodell för att säkerställa bättre resursutnyttjande och hållbara operationer. Prestandamätning är avgörande för att företag ska kunna utvärdera sina framsteg i förhållande till sina uppsatta mål. I denna studie har relevanta befintliga cirkulära KPIs identifierats som kan implementeras av fallstudieföretagen för att mäta prestanda för deras försörjningskedja och hela affärsmodellen. Fokus för denna studie är de tekniska, miljömässiga och socioekonomiska dimensionerna samtidigt som de viktigaste prestationsindikatorerna identifieras. En systematisk litteraturöversikt utfördes initialt under denna studie. Data erhållen från litteraturen jämfördes därefter med empiriska data. De empiriska uppgifterna är baserade på intervjuer och undersökningar som gjorts med fallstudiebolagen som senare sammanställdes för att utveckla lämpliga indikatorer.

A cadeia produtiva do leite no Brasil se caracteriza pela carência na utilização de ferramentas de gestão e financeiras para o controle da atividade. Atualmente algumas linhas de pesquisa estão trazendo para o meio rural a utilização de indicadores de origem econômica e financeira para complementarem os já utilizados de origem técnica como indicadores de produtividade, escala de produção etc. Este trabalho objetivou correlacionar indicadores técnicos, econômicos e financeiros de propriedades produtoras de leite localizadas em Minas Gerais para buscar quais seriam os de eleição para acompanhamento e quais estariam mais relacionados à rentabilidade e retorno financeiro. Foram coletados dados mensais de 15 propriedades mineiras do período correspondido entre julho de 2012 e junho de 2013, além de visita e aplicação de questionário às mesmas. Os dados obtidos foram utilizados para o cálculo de índices técnicos, econômicos e financeiros e também para caracterização das propriedades. Sobre os indicadores foram aplicados os testes de Kruskal Wallis e Wilcoxon para comparar as médias entre as propriedades em relação aos três níveis de retorno sobre o Investimento da propriedade. Em seguida aplicou-se o teste de correlação de Spearman para cálculo dos indicadores de correlação de todas variáveis em relação aos indicadores de cunho econômico financeiro. Os indicadores econômicos e financeiros revelaram altos índices de correlação e diferenças entre médias entre si. Dos demais se destacaram, a relação de gasto com mão de obra /receita bruta e a perda com morte de animais. De acordo com os testes de correlação, a variável MARGEM DE EBITDA foi a que mais se correlacionou com os demais indicadores relacionados ao retorno financeiro da atividade e por isso foi a considerada a principal no controle financeiro das atividades produtivas.
Milk production chain in Brazil is characterized by deficiency in the use of financial management and to control the activity tools. Nowadays some researches are bringing to the rural environment the using of indicators of economic and financial source to complement those already used from technical origin as indicators of productivity, production scale etc. This study aimed to correlate technical, economic and financial indicators of milk-producing farms located in Minas Gerais state, Brazil, to find what indicators would be elected to follow and which would be more related to profitability and financial returns. Monthly data of 15 properties from Minas Gerais was collected between July 2012 and June 2013, as well as visiting and apllying questionnaire to all of them. The data were used to calculate the technical, economical and financial ratios and also to characterize the properties. The indicators were compared using Kruskal Wallis and Wilcoxon tests to compare means between the properties on three levels of return on investment. Then the Spearman correlation test was applied to calculate the indicators correlation of all variables in relation to financial end economical indicators. The economic and financial indicators showed high levels of correlation and mean differences between each other. The others that stood out was the ratio of spending on labor/gross income and losts with animal death. According to the correlation tests, the variable MARGIN OF EBITDA was more correlated with other indicators related to the financial return of the activity and therefore was considered the main financial control to use on productive activities.

The aim of this thesis is compare the price unfinished house in various stages of construction with the cost of executed construction. The price unfinished house was identified by various calculation. The various calculation were compared each other. The chosen methods are develop construction budget, determine prices through technical-economic indicators and of price regulations. Price unfinished buildings and the value of construction works is determined in three separate phases, these phases are described in the thesis itself. Calculation results are processed in graphic form and at the end of this thesis are compared with each other. Assigned task is achieved by a complete itemized budget for a house with no exterior modifications and connections. From final itemized budget are created sub-budget containing structure according to specified stages of construction. In the same stages of construction are made calculations by price indicators and price regulations. Target set in the thesis is filled at the end, all the values are described and compared. The results suggest the use of computational methods is determined by the purpose for which prices are measured. Labor and accuracy while itemized budget is confirmed, the remaining calculations are mainly informative and preliminary pricing satisfactory. The benefit of the work is to verify the use of computational methods for the different phases of the construction process.

L’utilisation excessive des produits phytosanitaires provoque des problèmes de santé publique et environnementaux du fait de leur toxicité. Dans le cadre de ce travail de recherche interdisciplinaire entre géographie et agronomie, l’objectif est d’analyser la résilience des exploitations agricoles et leur capacité à faire face au changement des pratiques phytosanitaires. Pour y répondre, nous nous sommes basés sur la conception d’une méthode d’évaluation des pratiques phytosanitaires à différentes échelles spatiales et d’un modèle technico-économique d’optimisation des traitements phytosanitaires et de gestion des risques liés aux pesticides. Ce travail consiste à mettre à la disposition des acteurs du territoire des outils d’aide à la décision pour une gestion intégrée de l’usage des pesticides au niveau du bassin versant de l’étang de l’Or au Sud de la France. Cette étude est basée sur l’utilisation de plusieurs outils pluridisciplinaires : les techniques de programmation mathématique, d’analyse statistique et les Systèmes d’Informations Géographiques (SIG), en introduisant des indicateurs agri-environnementaux de pression phytosanitaire (IFT) et de risque de toxicité sur la santé de l’applicateur et sur l’environnement (IRSA, IRTE), ainsi que des indicateurs économiques. La combinaison de ces indicateurs définit les différentes catégories de résilience des exploitations agricoles et la capacité de leur système de production à faire face au changement de pratiques phytosanitaires. Ce concept de résilience, associé à l’analyse spatiale des indicateurs agri-environnementaux et économiques à l’aide d’un SIG, permet de mettre en place des outils génériques d’aide à la décision afin de trouver un compromis entre les différents acteurs pour faire face aux problématiques de l’iniquité spatiale et socio-économique de la pollution phytosanitaire diffuse. Les résultats d’analyse multi-échelle permettent la mise en place des stratégies de gestion des risques liés aux pratiques phytosanitaires en fonction de la vulnérabilité du milieu naturel sur un territoire et en assurant des résultats économiques convenables aux exploitations agricoles
The excessive use of plant protection products has caused public health and environmental issues dueto their toxicity. As part of this interdisciplinary research work between geography and agronomy, theobjective is to analyse the resilience of farms and their capacity to deal with the change of plantprotection practices. In order to answer this objective, our work is based on the design of a method forassessing plant protection practices at different spatial scales and on a technical-economic model foroptimising plant protection treatment and managing risks related to pesticides. This work consists inproviding territorial actors with decision-support tools for an integrated management of pesticide useat the “Etang de l’Or” catchment area in the South of France. This study is based on the use of severalmultidisciplinary tools: mathematical programming techniques, statistical analysis and GeographicInformation Systems (GIS), by introducing agri-environmental indicators for plant protection pressure(TFI) and risks of toxicity on the applicator’s health and on environment (IRSA, IRTE), and economicindicators. The combination of these indicators defines the different categories of farms resilience andcapacity of their production systems to deal with the change of plant protection practices. The conceptof resilience, combined with spatial analysis of agri-environmental and economic indicators usingGIS, allows implementing generic decision-support tools to find a compromise between the differentactors to deal with problems of spatial inequality and socioeconomic in term of phytosanitary diffusepollution. The results of multi-scale analysis allow implementing management strategies of risksrelated to plant protection practice based on the vulnerability of the natural environment on a territoryand ensuring suitable economic outcomes to farms

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior
This thesis aims to analyze the behavior of Brazilian manufacturing industry through technical and economic indicators from 1996 to 2011. Methodology includes the use of technical indicators as productive density, labor productivity, cost margin regarding labor, as well as raw materials, operational actions, production; and indicators of current profitability from the net surplus margin and mark up, and global one, through profit margin. Also, to use the classification of industries (made by technological intensity) it was used the OECD methodology. The theoretical framework discusses concepts of market structures under a dynamic point of view involving elements of manufacturing industry, such as technical progress. It has as hypothesis the overall changes in Brazilian economy; both regarding to institutional reforms, to economic policies in the 1990s and 2000, as well as the changes associated to the context of industry impacted asymmetrically some sectors (industries), especially on the technical-productive and economic indicators. From the results, in general, it was found reduction on labor productivity and lower density in productive chains of various industrial groups, especially considering those with higher technological level. In other words, the manufacturing industry showed less ability of human resource to aggregate value to product, as well as to create value in the production process. Otherwise, considering the cost margin and profitability indicators, they also showed an asymmetric behavior. While there was an average reduction of the production cost margin in the grand total of the manufacturing industry due to the reduction of labor cost margin, there was among industrial groups a bit defined movement, although it was not widespread. In many sectors, the fall in labor margin cost contributed for increasing the net surplus margin, even though not always accompanied by higher profit margin considering the rising of cost margins with industrial operations. The variations of costs and production margins also reflect variations in mark-up, this one showed a small increase for the manufacturing industry and a very asymmetric behavior for different industry groups. Although having short-term variations and the fact that few sectors have decreased the relation price/direct cost, the vast majority remained at the same level or increased in some cases.
Esta dissertação tem como objetivo analisar o comportamento da indústria de transformação brasileira através de indicadores técnicos e econômicos, no período de 1996 a 2011. A metodologia engloba o uso dos indicadores técnico-produtivos como densidade produtiva, produtividade do trabalho, margem de custo com trabalho, margem de custo de matéria-prima, operacional e de produção e os indicadores de rentabilidade corrente pela margem líquida de excedente e mark up, e global, através da margem de lucro. Além disso, para uso da classificação das indústrias (feita pela intensidade tecnológica), utilizou-se a metodologia da OCDE. O referencial teórico aborda conceitos sobre as estruturas de mercado sob um ponto de vista dinâmico que envolve elementos das transformações da indústria, como o progresso técnico. Tem como hipótese que as mudanças gerais da economia brasileira, tanto no que se refere às reformas institucionais quanto às políticas econômicas dos anos de 1990 e 2000, bem como as mudanças da indústria associadas ao contexto impactaram de forma assimétrica os setores (indústrias), especialmente sobre os indicadores técnico-produtivos e econômicos. A partir dos resultados, constatou-se, de forma geral, redução da produtividade do trabalho e um menor adensamento nas cadeias produtivas dos diversos grupos industriais, principalmente os de maior nível tecnológico, ou seja, a indústria de transformação apresentou menor capacidade do recurso humano agregar valor ao produto e da indústria de gerar valor no processo produtivo. De outro modo, quanto aos indicadores de margens de custos e rentabilidade, estes apresentaram um comportamento também assimétrico. Enquanto ocorreu redução média da margem de custo de produção no total geral da indústria de transformação por conta da redução da margem de custo com trabalho, houve, entre os grupos industriais, um movimento pouco definido, embora não generalizado. Em muitos setores, a queda da margem de custo com trabalho contribuiu para a elevação da margem líquida de excedente mesmo que, nem sempre, acompanhada de maior margem de lucro, dada a elevação das margens de custo com operações industriais. As variações das margens de custos de produção também se refletem nas variações do mark up, o qual apresentou uma pequena elevação para o conjunto da indústria de transformação e um comportamento bastante assimétrico para os diferentes grupos industriais. Embora com variações de curto prazo e alguns poucos setores terem diminuído a relação preço/custo direto, na grande maioria, a indústria manteve-se em igual nível ou elevou-se para alguns casos.

The master's thesis deals with the fundamental and technical analysis of stock Philip Morris ČR. The aim of the thesis is a specification of investment recommendation. The fundamental analysis specifies an intrinsic value of the stock Philip Morris ČR, compares it with a real stock price and recommends sale or purchase of this stock. Technical analysis uses graphical methods and technical indicators to determine an appropriate time to sale or purchase this stock.

The objective of this study was to examine the use of technical indicators, in an econometric context, as guides in making pricing decisions relative to feeder cattle production. Technical indicators were developed for both the short and long term. Short term indicators were designed to capture divergence/convergence between the Relative Strength Index and the futures price stream to form the Price Linked to Divergence index. A long term indicator using an average difference in price over a longer period was developed to form the Price Linked to Trend index. These indicators were used in the econometric models which in conjunction with cash production costs formed a hold/price/sell decision framework. Analysis was conducted on fall-to-spring, spring-to-fall, and fall-to-fall production programs. Results for the three production programs in both the in and out-of-sample environments showed that on average a futures price in the top half of the futures price range was captured. This resulted in average improvement in returns through hedging for every program.
Master of Science

This thesis presents a comparison of different methods of determining the default price for family house by using cost valuation method. Here are compared the default rates found in specific houses by itemized budget, calculating according to technical and economic indicator and obtained under the Ministry of Finance to implement certain provisions of Act No. 151/1997 Coll. Using charts and graphs shows the results for valuation individual houses and their variances. The aim is determine the price shares of construction and equipment of the itemized budget of houses created for this work and compare them to share price valuation in the annex to the Decree Ministry of Finance, perhaps to make an attention to differences or shortcomings in price share valuation announcement.

This thesis focuses on the comparison of selected methods of valuation for the property type flat in Karlovy Vary - Stara Role, specifically prefabricated insulated houses. The theoretical part describes the basic concepts associated with the valuation, it describes methods of valuation and detailed description of location . The practical part of the thesis is focused on the valuation of flats according to the current price regulation. Comparative and yield methods are used in this valuation. The conclusion of the final price of these methods is processed and evaluated.

The work deals with the determination of the sum insured in the insurance of houses. For this purpose are used three methods of real estate valuation. These procedures are compared with the methods of insurers. The methods are applied in the practical part of the concrete houses and results of the methods are compared.

The textbook contains 15 topics that reveal the specifics of the discipline Economic security". The systems of quantitative and qualitative indicators for assessing economic security are considered; the methodological principles of assessing financial and monetary policy as a sphere of economic security are studied; the conceptual foundations of the regional economic security program are formed; the theoretical foundations of economic security of enterprises are considered. The main problems of economic security are described in the light of national security issues. Security aspects such as the role of the financial system, foreign economic aspects, social security, and the impact of scientific and technical security on economic security are considered. Special attention is paid to the role of law enforcement agencies in ensuring economic security. Methods of ensuring economic security are described that allow combining the analysis of theoretical positions with real practice and providing a higher level of material assimilation by cadets and students. Meets the requirements of the Federal state educational standard of higher education of the latest generation in the specialty 38.05.01 "Economic security (specialty level)".

The textbook discusses the features of the operation of mining and transport machines in open-pit mining in a cold climate zone, highlights previously unexplored problems of operation of this type of equipment, and describes methods for determining the operational reliability of equipment. The proposed methods of operation are based on the analysis of a significant amount of statistical material on failures of equipment operating at large mining enterprises of the Republic of Sakha (Yakutia). The influence of low temperatures on the reliability indicators and technical and economic results of the operation of mining and transport machines was determined quantitatively and qualitatively. Meets the requirements of the federal state educational standards of higher education of the latest generation. It is intended for students of higher educational institutions studying in the specialty 21.05.04 "Mining", it can also be useful for graduate students, researchers and practitioners specializing in the technical operation of mining and transport machines.

In the monograph reviewed the development of the inventory management of railway transport in the new economic environment of market economy. According to the results of theoretical research, innovative and production potential of the supply system of railway transport the main directions and methods of transformation of the restructuring process under the corporate changes of JSC "RZD", positioned value system of the logistics of railway transportation, and developed a classification model used logistical resources. Evaluation of activity of structural divisions of Russian Railways supply is proposed to be viewed through an integrated and comprehensive approach to the development of systems of balanced indicators of supply and prompt handling of material resources, the implementation of which allows to distribute the strategic objectives of the company "Russian Railways" activities in the system of logistics of the Railways and also to involve in economic circulation of excessive and unused inventories of material and technical resources and efficiently reallocate them among enterprises at the site of the railway. Recommendations for the implementation of the developed algorithms and models are long term in nature and are based on the concept of logistics management and improve the business processes of the logistics system. Will be useful for managers and specialists of directorates of logistics of Russian Railways supply, undergraduates and graduate students interested in the economy of railway transport.

Currently, wood waste in the form of a dissected crown on the ground and the root fraction of the tree's biomass in the ground remain in felling areas, becoming potentially dangerous combustible materials in the event of forest fires, as well as obstacles to reforestation activities, and possible foci of infections. Shredding wood waste into wood chips will solve the problem of their disposal by using fuel chips as an additional source of heat energy. In the present work, the influence of design and operational parameters of milling machines with a modernized hydraulic system and equipped with active working bodies on the process of shredding wood waste is established. The annual economic effect from the introduction of the developed complex of wood waste shredding machines and economic indicators from the use of fuel chips are given. This publication is intended for undergraduates and postgraduates engaged in scientific research in the field of forestry mechanization.

The only existing approach to analyze the impact of excessive credit on the economy is based on statistics. Its main drawback is small intervals of changes in countries’ indicators, limited by current values. So researchers cannot notice how too much credit causes a financial crisis. To eliminate this and other shortcomings of the statistical approach, the author proposes a different approach: to use for such an analysis an economic model in which one can change credit levels. The most adequate model is a causal simulation model that reflects the main types of legal and shadow economic activity in their relationship. The author has developed such a model. This model showed that the level of loans 25% of output (51.8% of GDP), could create Ukraine’s financial crisis. Since loans are mainly used for investment, the author introduced the concept of the technical productivity of investment to link them with the technical progress, and with GDP growth. The technical productivity of investment measures their ability to reduce the rate of material or labor costs. Besides, the introduction of an indicator of technical productivity of investment made it possible to obtain an analytical dependence of the rate of economic growth on the level of loans and technical productivity of investment.

Higher technical education is one of the indicators of national growth. Higher technical education of the country is responsible for its global progress in technology and standard of living as technical advancement helps to make the country economically progressive as the availability of quality technical staff attracts global entrepreneurs who, in turn, increase the revenue of the nation and therefore the higher technical education system is the backbone of the country's economic progress. In the present research paper, India's higher technical education system is being studied, which is currently undergoing uneven expansion due to the implementation of the various policies responsible for this plethora of expansion. The main objectives of this study are to improve the quality of higher technical education by developing a dynamic system model by incorporating some of the important parameters of higher technical education system stakeholders to test various long-term policies that can improve the quality of higher technical education.

Vocational education plays a pivotal role in achieving gender equality in skill development, and it has impacted the participation of women in labor market. Although there are various schemes and programs run by different ministries of India, they lack gender focus. As a result, it has widened the gender gap in various socio-economic indicators. This chapter proposes a TVET framework from gender perspective along with the review of current technical and vocational education system in India. It also identifies the challenges faced by women in enhancing their skills and its impact on their employability.

This chapter examines needs satisfaction of stakeholders and some socio-economic factor justification for curriculum reforms in Technical and Vocational Education and Training (TVET). The study used random samples of 134 technical teachers and 286 ST3 students from the population of 136 teachers and 1002 ST3 students in all 6 Public Technical Colleges in Kogi State. A researcher-developed instrument called needs satisfaction of stakeholders: a case for TVET curriculum reform with a KR-21 reliability index of .73 was used to collect the data. Two null hypotheses were tested at .05 alpha levels using the t-test statistics. Results showed that respondents were unanimous in their responses that the stakeholders' (students, employers, and the public) needs were not satisfied with the TVET curriculum.

Environment protection, like a new religion consists of: environmental programmes, objectives and targets, training, incentive schemes, audit frequency, site inspections, administration and community relations. This paper presents the main environmental performance indicators. They should therefore be cost-effective and appropriate to the size and type of organization and its needs and priorities. Organizations should make the optimum use of the environmental information they collect. To this end the indicators should fulfill the dual purpose of assisting the management of the organization and providing information to stakeholders. In article we present a set of Environmental Performance Indicators (EPI). These indicators should therefore be cost-effective and appropriate to the size and type of organization and its needs and priorities. We present many categories of environmental performance indicators: comparability (indicators should enable a comparison and show changes in the environmental performance); balance between problematic (bad) and prospective (good) areas, continuity (indicators should be based on the same criteria and should be taken over comparable time sections or units); timeliness (indicators should be updated frequently enough to allow action to be taken); clarity (indicators should be clear and understandable).

The purpose of this study is to examine the impacts of redenomination on inflation, currency exchange, economic growth and export value. While decisions on redenomination and design of currencies may seem more technical than political, a government’s control and administration of its currency and transactions within its boundaries are a few examples of the hallmarks of the modern nation-state. In this study, there are 27 countries which are involved in redenominating their currencies. The datas that are analyzed are rate of inflation, exchange rate, economic growth and export value which are obtained from the World Bank. Independent sample T-test was performed to analyze the impacts of redenomination on the mentioned variables. Result of the study indicates that inflation and economic growth were affected significantly by redenomination.

This paper shows the main results from a technical and economical study for the implementation of new cogeneration systems in Mexican refineries. At least three cogeneration alternatives to match a 50% additional energy requirement (thermal and electric) for a refinery are analyzed. A balance simulator tool developed specially for the electric and steam refinery systems is used in order to obtain the technical parameters for the alternatives, which allows obtaining system performance indicators such as fuel consumption, cooling water requirement, electric and combined efficiency. Standard techniques as net present value, internal rate of return, and payback period are used for the economic analysis. According to the results, the best alternative was a gas turbine-heat recovery steam generator arrangement fueled by natural gas, including the respective adjustments of the refinery electrical and steam systems.

The integration of novel technologies for monitoring and investigating compliance can enhance the effectiveness of regimes related to weapons of mass destruction (WMD). This report looks at the potential role of four novel approaches based on recent technological advances – remote sensing tools; open-source satellite data; open-source trade data; and artificial intelligence (AI) – in monitoring and investigating compliance with WMD treaties. The report consists of short essays from leading experts that introduce particular technologies, discuss their applications in WMD regimes, and consider some of the wider economic and political requirements for their adoption. The growing number of space-based sensors is raising confidence in what open-source satellite systems can observe and record. These systems are being combined with local knowledge and technical expertise through social media platforms, resulting in dramatically improved coverage of the Earth’s surface. These open-source tools can complement and augment existing treaty verification and monitoring capabilities in the nuclear regime. Remote sensing tools, such as uncrewed vehicles, can assist investigators by enabling the remote collection of data and chemical samples. In turn, this data can provide valuable indicators, which, in combination with other data, can inform assessments of compliance with the chemical weapons regime. In addition, remote sensing tools can provide inspectors with real time two- or three-dimensional images of a site prior to entry or at the point of inspection. This can facilitate on-site investigations. In the past, trade data has proven valuable in informing assessments of non-compliance with the biological weapons regime. Today, it is possible to analyse trade data through online, public databases. In combination with other methods, open-source trade data could be used to detect anomalies in the biological weapons regime. AI and the digitization of data create new ways to enhance confidence in compliance with WMD regimes. In the context of the chemical weapons regime, the digitization of the chemical industry as part of a wider shift to Industry 4.0 presents possibilities for streamlining declarations under the Chemical Weapons Convention (CWC) and for facilitating CWC regulatory requirements.

1.1 Macroeconomic summary Economic recovery has consistently outperformed the technical staff’s expectations following a steep decline in activity in the second quarter of 2020. At the same time, total and core inflation rates have fallen and remain at low levels, suggesting that a significant element of the reactivation of Colombia’s economy has been related to recovery in potential GDP. This would support the technical staff’s diagnosis of weak aggregate demand and ample excess capacity. The most recently available data on 2020 growth suggests a contraction in economic activity of 6.8%, lower than estimates from January’s Monetary Policy Report (-7.2%). High-frequency indicators suggest that economic performance was significantly more dynamic than expected in January, despite mobility restrictions and quarantine measures. This has also come amid declines in total and core inflation, the latter of which was below January projections if controlling for certain relative price changes. This suggests that the unexpected strength of recent growth contains elements of demand, and that excess capacity, while significant, could be lower than previously estimated. Nevertheless, uncertainty over the measurement of excess capacity continues to be unusually high and marked both by variations in the way different economic sectors and spending components have been affected by the pandemic, and by uneven price behavior. The size of excess capacity, and in particular the evolution of the pandemic in forthcoming quarters, constitute substantial risks to the macroeconomic forecast presented in this report. Despite the unexpected strength of the recovery, the technical staff continues to project ample excess capacity that is expected to remain on the forecast horizon, alongside core inflation that will likely remain below the target. Domestic demand remains below 2019 levels amid unusually significant uncertainty over the size of excess capacity in the economy. High national unemployment (14.6% for February 2021) reflects a loose labor market, while observed total and core inflation continue to be below 2%. Inflationary pressures from the exchange rate are expected to continue to be low, with relatively little pass-through on inflation. This would be compatible with a negative output gap. Excess productive capacity and the expectation of core inflation below the 3% target on the forecast horizon provide a basis for an expansive monetary policy posture. The technical staff’s assessment of certain shocks and their expected effects on the economy, as well as the presence of several sources of uncertainty and related assumptions about their potential macroeconomic impacts, remain a feature of this report. The coronavirus pandemic, in particular, continues to affect the public health environment, and the reopening of Colombia’s economy remains incomplete. The technical staff’s assessment is that the COVID-19 shock has affected both aggregate demand and supply, but that the impact on demand has been deeper and more persistent. Given this persistence, the central forecast accounts for a gradual tightening of the output gap in the absence of new waves of contagion, and as vaccination campaigns progress. The central forecast continues to include an expected increase of total and core inflation rates in the second quarter of 2021, alongside the lapse of the temporary price relief measures put in place in 2020. Additional COVID-19 outbreaks (of uncertain duration and intensity) represent a significant risk factor that could affect these projections. Additionally, the forecast continues to include an upward trend in sovereign risk premiums, reflected by higher levels of public debt that in the wake of the pandemic are likely to persist on the forecast horizon, even in the context of a fiscal adjustment. At the same time, the projection accounts for the shortterm effects on private domestic demand from a fiscal adjustment along the lines of the one currently being proposed by the national government. This would be compatible with a gradual recovery of private domestic demand in 2022. The size and characteristics of the fiscal adjustment that is ultimately implemented, as well as the corresponding market response, represent another source of forecast uncertainty. Newly available information offers evidence of the potential for significant changes to the macroeconomic scenario, though without altering the general diagnosis described above. The most recent data on inflation, growth, fiscal policy, and international financial conditions suggests a more dynamic economy than previously expected. However, a third wave of the pandemic has delayed the re-opening of Colombia’s economy and brought with it a deceleration in economic activity. Detailed descriptions of these considerations and subsequent changes to the macroeconomic forecast are presented below. The expected annual decline in GDP (-0.3%) in the first quarter of 2021 appears to have been less pronounced than projected in January (-4.8%). Partial closures in January to address a second wave of COVID-19 appear to have had a less significant negative impact on the economy than previously estimated. This is reflected in figures related to mobility, energy demand, industry and retail sales, foreign trade, commercial transactions from selected banks, and the national statistics agency’s (DANE) economic tracking indicator (ISE). Output is now expected to have declined annually in the first quarter by 0.3%. Private consumption likely continued to recover, registering levels somewhat above those from the previous year, while public consumption likely increased significantly. While a recovery in investment in both housing and in other buildings and structures is expected, overall investment levels in this case likely continued to be low, and gross fixed capital formation is expected to continue to show significant annual declines. Imports likely recovered to again outpace exports, though both are expected to register significant annual declines. Economic activity that outpaced projections, an increase in oil prices and other export products, and an expected increase in public spending this year account for the upward revision to the 2021 growth forecast (from 4.6% with a range between 2% and 6% in January, to 6.0% with a range between 3% and 7% in April). As a result, the output gap is expected to be smaller and to tighten more rapidly than projected in the previous report, though it is still expected to remain in negative territory on the forecast horizon. Wide forecast intervals reflect the fact that the future evolution of the COVID-19 pandemic remains a significant source of uncertainty on these projections. The delay in the recovery of economic activity as a result of the resurgence of COVID-19 in the first quarter appears to have been less significant than projected in the January report. The central forecast scenario expects this improved performance to continue in 2021 alongside increased consumer and business confidence. Low real interest rates and an active credit supply would also support this dynamic, and the overall conditions would be expected to spur a recovery in consumption and investment. Increased growth in public spending and public works based on the national government’s spending plan (Plan Financiero del Gobierno) are other factors to consider. Additionally, an expected recovery in global demand and higher projected prices for oil and coffee would further contribute to improved external revenues and would favor investment, in particular in the oil sector. Given the above, the technical staff’s 2021 growth forecast has been revised upward from 4.6% in January (range from 2% to 6%) to 6.0% in April (range from 3% to 7%). These projections account for the potential for the third wave of COVID-19 to have a larger and more persistent effect on the economy than the previous wave, while also supposing that there will not be any additional significant waves of the pandemic and that mobility restrictions will be relaxed as a result. Economic growth in 2022 is expected to be 3%, with a range between 1% and 5%. This figure would be lower than projected in the January report (3.6% with a range between 2% and 6%), due to a higher base of comparison given the upward revision to expected GDP in 2021. This forecast also takes into account the likely effects on private demand of a fiscal adjustment of the size currently being proposed by the national government, and which would come into effect in 2022. Excess in productive capacity is now expected to be lower than estimated in January but continues to be significant and affected by high levels of uncertainty, as reflected in the wide forecast intervals. The possibility of new waves of the virus (of uncertain intensity and duration) represents a significant downward risk to projected GDP growth, and is signaled by the lower limits of the ranges provided in this report. Inflation (1.51%) and inflation excluding food and regulated items (0.94%) declined in March compared to December, continuing below the 3% target. The decline in inflation in this period was below projections, explained in large part by unanticipated increases in the costs of certain foods (3.92%) and regulated items (1.52%). An increase in international food and shipping prices, increased foreign demand for beef, and specific upward pressures on perishable food supplies appear to explain a lower-than-expected deceleration in the consumer price index (CPI) for foods. An unexpected increase in regulated items prices came amid unanticipated increases in international fuel prices, on some utilities rates, and for regulated education prices. The decline in annual inflation excluding food and regulated items between December and March was in line with projections from January, though this included downward pressure from a significant reduction in telecommunications rates due to the imminent entry of a new operator. When controlling for the effects of this relative price change, inflation excluding food and regulated items exceeds levels forecast in the previous report. Within this indicator of core inflation, the CPI for goods (1.05%) accelerated due to a reversion of the effects of the VAT-free day in November, which was largely accounted for in February, and possibly by the transmission of a recent depreciation of the peso on domestic prices for certain items (electric and household appliances). For their part, services prices decelerated and showed the lowest rate of annual growth (0.89%) among the large consumer baskets in the CPI. Within the services basket, the annual change in rental prices continued to decline, while those services that continue to experience the most significant restrictions on returning to normal operations (tourism, cinemas, nightlife, etc.) continued to register significant price declines. As previously mentioned, telephone rates also fell significantly due to increased competition in the market. Total inflation is expected to continue to be affected by ample excesses in productive capacity for the remainder of 2021 and 2022, though less so than projected in January. As a result, convergence to the inflation target is now expected to be somewhat faster than estimated in the previous report, assuming the absence of significant additional outbreaks of COVID-19. The technical staff’s year-end inflation projections for 2021 and 2022 have increased, suggesting figures around 3% due largely to variation in food and regulated items prices. The projection for inflation excluding food and regulated items also increased, but remains below 3%. Price relief measures on indirect taxes implemented in 2020 are expected to lapse in the second quarter of 2021, generating a one-off effect on prices and temporarily affecting inflation excluding food and regulated items. However, indexation to low levels of past inflation, weak demand, and ample excess productive capacity are expected to keep core inflation below the target, near 2.3% at the end of 2021 (previously 2.1%). The reversion in 2021 of the effects of some price relief measures on utility rates from 2020 should lead to an increase in the CPI for regulated items in the second half of this year. Annual price changes are now expected to be higher than estimated in the January report due to an increased expected path for fuel prices and unanticipated increases in regulated education prices. The projection for the CPI for foods has increased compared to the previous report, taking into account certain factors that were not anticipated in January (a less favorable agricultural cycle, increased pressure from international prices, and transport costs). Given the above, year-end annual inflation for 2021 and 2022 is now expected to be 3% and 2.8%, respectively, which would be above projections from January (2.3% and 2,7%). For its part, expected inflation based on analyst surveys suggests year-end inflation in 2021 and 2022 of 2.8% and 3.1%, respectively. There remains significant uncertainty surrounding the inflation forecasts included in this report due to several factors: 1) the evolution of the pandemic; 2) the difficulty in evaluating the size and persistence of excess productive capacity; 3) the timing and manner in which price relief measures will lapse; and 4) the future behavior of food prices. Projected 2021 growth in foreign demand (4.4% to 5.2%) and the supposed average oil price (USD 53 to USD 61 per Brent benchmark barrel) were both revised upward. An increase in long-term international interest rates has been reflected in a depreciation of the peso and could result in relatively tighter external financial conditions for emerging market economies, including Colombia. Average growth among Colombia’s trade partners was greater than expected in the fourth quarter of 2020. This, together with a sizable fiscal stimulus approved in the United States and the onset of a massive global vaccination campaign, largely explains the projected increase in foreign demand growth in 2021. The resilience of the goods market in the face of global crisis and an expected normalization in international trade are additional factors. These considerations and the expected continuation of a gradual reduction of mobility restrictions abroad suggest that Colombia’s trade partners could grow on average by 5.2% in 2021 and around 3.4% in 2022. The improved prospects for global economic growth have led to an increase in current and expected oil prices. Production interruptions due to a heavy winter, reduced inventories, and increased supply restrictions instituted by producing countries have also contributed to the increase. Meanwhile, market forecasts and recent Federal Reserve pronouncements suggest that the benchmark interest rate in the U.S. will remain stable for the next two years. Nevertheless, a significant increase in public spending in the country has fostered expectations for greater growth and inflation, as well as increased uncertainty over the moment in which a normalization of monetary policy might begin. This has been reflected in an increase in long-term interest rates. In this context, emerging market economies in the region, including Colombia, have registered increases in sovereign risk premiums and long-term domestic interest rates, and a depreciation of local currencies against the dollar. Recent outbreaks of COVID-19 in several of these economies; limits on vaccine supply and the slow pace of immunization campaigns in some countries; a significant increase in public debt; and tensions between the United States and China, among other factors, all add to a high level of uncertainty surrounding interest rate spreads, external financing conditions, and the future performance of risk premiums. The impact that this environment could have on the exchange rate and on domestic financing conditions represent risks to the macroeconomic and monetary policy forecasts. Domestic financial conditions continue to favor recovery in economic activity. The transmission of reductions to the policy interest rate on credit rates has been significant. The banking portfolio continues to recover amid circumstances that have affected both the supply and demand for loans, and in which some credit risks have materialized. Preferential and ordinary commercial interest rates have fallen to a similar degree as the benchmark interest rate. As is generally the case, this transmission has come at a slower pace for consumer credit rates, and has been further delayed in the case of mortgage rates. Commercial credit levels stabilized above pre-pandemic levels in March, following an increase resulting from significant liquidity requirements for businesses in the second quarter of 2020. The consumer credit portfolio continued to recover and has now surpassed February 2020 levels, though overall growth in the portfolio remains low. At the same time, portfolio projections and default indicators have increased, and credit establishment earnings have come down. Despite this, credit disbursements continue to recover and solvency indicators remain well above regulatory minimums. 1.2 Monetary policy decision In its meetings in March and April the BDBR left the benchmark interest rate unchanged at 1.75%.

The Smart Energy Design Assistance Center assessed the administrative, technical, and economic aspects of feasibility related to the procurement and installation of photovoltaic solar systems on IDOT-owned buildings and lands. To address administrative feasibility, we explored three main ways in which IDOT could procure solar projects: power purchase agreement (PPA), direct purchase, and land lease development. Of the three methods, PPA and direct purchase are most applicable for IDOT. While solar development is not free of obstacles for IDOT, it is administratively feasible, and regulatory hurdles can be adequately met given suitable planning and implementation. To evaluate IDOT assets for solar feasibility, more than 1,000 IDOT sites were screened and narrowed using spatial analytic tools. A stakeholder feedback process was used to select five case study sites that allowed for a range of solar development types, from large utility-scale projects to small rooftop systems. To evaluate financial feasibility, discussions with developers and datapoints from the literature were used to create financial models. A large solar project request by IDOT can be expected to generate considerable attention from developers and potentially attractive PPA pricing that would generate immediate cash flow savings for IDOT. Procurement partnerships with other state agencies will create opportunities for even larger projects with better pricing. However, in the near term, it may be difficult for IDOT to identify small rooftop or other small on-site solar projects that are financially feasible. This project identified two especially promising solar sites so that IDOT can evaluate other solar site development opportunities in the future. This project also developed a web-based decision-support tool so IDOT can identify potential sites and develop preliminary indications of feasibility. We recommend that IDOT begin the process of developing at least one of their large sites to support solar electric power generation.

The Colombian financial system has not suffered major structural disruptions during these months of deep economic contraction and has continued to carry out its basic functions as usual, thus facilitating the economy's response to extreme conditions. This is the result of the soundness of financial institutions at the beginning of the crisis, which was reflected in high liquidity and capital adequacy indicators as well as in the timely response of various authorities. Banco de la República lowered its policy interest rates 250 points to 1.75%, the lowest level since the creation of the new independent bank in 1991, and provided ample temporary and permanent liquidity in both pesos and foreign currency. The Office of the Financial Superintendent of Colombia, in turn, adopted prudential measures to facilitate changes in the conditions for loans in effect and temporary rules for rating and loan-loss provisions. Finally, the national government expanded the transfers as well as the guaranteed credit programs for the economy. The supply of real credit (i.e. discounting inflation) in the economy is 4% higher today than it was 12 months ago with especially marked growth in the housing (5.6%) and commercial (4.7%) loan portfolios (2.3% in consumer and -0.1% in microloans), but there have been significant changes over time. During the first few months of the quarantine, firms increased their demands for liquidity sharply while consumers reduced theirs. Since then, the growth of credit to firms has tended to slow down, while consumer and housing credit has grown. The financial system has responded satisfactorily to the changes in the respective demands of each group or sector and loans may grow at high rates in 2021 if GDP grows at rates close to 4.6% as the technical staff at the Bank expects; but the forecasts are highly uncertain. After the strict quarantine implemented by authorities in Colombia, the turmoil seen in March and early April, which was evident in the sudden reddening of macroeconomic variables on the risk heatmap in Graph A,[1] and the drop in crude oil and coal prices (note the high volatility registered in market risk for the region on Graph A) the local financial markets stabilized relatively quickly. Banco de la República’s credible and sustained policy response played a decisive role in this stabilization in terms of liquidity provision through a sharp expansion of repo operations (and changes in amounts, terms, counterparties, and eligible instruments), the purchases of public and private debt, and the reduction in bank reserve requirements. In this respect, there is now abundant aggregate liquidity and significant improvements in the liquidity position of investment funds. In this context, the main vulnerability factor for financial stability in the short term is still the high degree of uncertainty surrounding loan quality. First, the future trajectory of the number of people infected and deceased by the virus and the possible need for additional health measures is uncertain. For that reason, there is also uncertainty about the path for economic recovery in the short and medium term. Second, the degree to which the current shock will be reflected in loan quality once the risk materializes in banks’ financial statements is uncertain. For the time being, the credit risk heatmap (Graph B) indicates that non-performing and risky loans have not shown major deterioration, but past experience indicates that periods of sharp economic slowdown eventually tend to coincide with rises in non-performing loans: the calculations included in this report suggest that the impact of the recession on credit quality could be significant in the short term. This is particularly worrying since the profitability of credit establishments has been declining in recent months, and this could affect their ability to provide credit to the real sector of the economy. In order to adopt a forward-looking approach to this vulnerability, this Report presents several stress tests that evaluate the resilience of the liquidity and capital adequacy of credit institutions and investment funds in the event of a hypothetical scenario that seeks to simulate an extreme version of current macroeconomic conditions. The results suggest that even though there could be strong impacts on the credit institutions’ volume of credit and profitability under such scenarios, aggregate indicators of total and core capital adequacy will probably remain at levels that are above the regulatory limits over the horizon of a year. At the same time, the exercises highlight the high capacity of the system's liquidity to face adverse scenarios. In compliance with its constitutional objectives and in coordination with the financial system's security network, Banco de la República will continue to closely monitor the outlook for financial stability at this juncture and will make the decisions that are necessary to ensure the proper functioning of the economy, facilitate the flow of sufficient credit and liquidity resources, and further the smooth operation of the payment systems. Juan José Echavarría Governor

Recent data suggest that the technical staff’s appraisals of the condition and development of economic activity, inflation and the labor market have been in line with current trends, marked by a decline in demand and the persistence of ample excess productive capacity. A significant projected fall in output materialized in the second quarter, contributing to a decline in inflation below the 3% target and reflected in a significant deterioration of the labor market. A slow recovery in output and employment is expected to continue for the remainder of 2020 and into next year, alongside growing inflation that should remain below the target. The Colombian economy is likely to undergo a significant recession in 2020 (GDP contraction of 7.6%), though this may be less severe than projected in the previous report (-8.5%). Output is expected to have begun a slow recovery in the second half of this year, though it is not projected to return to pre-pandemic levels in 2021 amid significant global uncertainty. The output decline in the first half of 2020 was less severe than anticipated, thanks to an upward revision in first-quarter GDP and a smaller contraction in the second quarter (-15.5%) than had been projected (-16.5%). Available economic indicators suggest an annual decline in GDP in the third quarter of around 9%. No significant acceleration of COVID-19 cases that would imply a tightening of social distancing measures is presumed for the remainder of this year or in 2021. In that context, a gradual opening of the economy would be expected to continue, with supply in sectors that have been most affected by the pandemic recovering slowly as restrictions on economic activity continue to be relaxed. On the spending side, an improvement in consumer confidence, suppressed demand for goods and services, low interest rates, and higher expected levels of foreign demand should contribute to a recovery in output. A low base of comparison would also help explain the expected increase in GDP in 2021. Based on the conditions laid out above, economic growth in 2020 is expected to be between -9% and -6.5%, with a central value of -7.6%. Growth in 2021 is projected to be between 3% and 7%, with a central value of 4.6% (Graph 1.1). Upward revisions compared to the July report take into account a lower-than-expected fall in first-semester growth and a somewhat faster recovery in the third quarter in some sectors. The forecast intervals for 2020 and 2021 growth tightened somewhat but continue to reflect a high degree of uncertainty over theevolution of the pandemic, the easures required to deal with it, and their effects on global and domestic economic activity.