Search results for "PROFIT"
showing 10 items of 406 documents
Estimating Profit, Price, and Productivity Changes in Water Industry Using Bennet-Bowley Indicator
2019
AbstractThe assessment of profit, productivity, and price change over time is valuable for regulators and companies when setting tariffs. This paper innovates by comparing profit, price, and produc...
Economic performance and risk of farming systems specialized in perennial crops: An analysis of Italian hazelnut production
2019
Abstract Assessing farm profitability and economic risk is important to support farmers' decisions. Several factors affect yields and product prices, in turn influencing farmers' income level and economic risk. However, the literature has often neglected to explicitly account for the role of product quality. This is particularly important for crops such as hazelnut because farmers' prices vary according to the quality of the harvested product. Furthermore, it seems fundamental to disentangle the role of parameters influencing farm results, noticeably yield, product price and quality. This is because farmers select their risk management tools to satisfy their needs, but these are often suita…
Tropical Fruits as an Opportunity for Sustainable Development in Rural Areas: The Case of Mango in Small-Sized Sicilian Farms
2018
Over the last decades, in many rural areas in Southern Europe, farmers have abandoned agricultural activity, especially on small-sized farms, leading to an exodus from rural areas towards urbanized ones. In this context, in the early 1980s, some Sicilian farmers introduced mango on their small-sized farms, as certain areas of Sicily are well suited to tropical and subtropical crops, but also to meet increasing consumer interest for these fruits, as they are perceived as functional foods. This paper aimed to evaluate the economic sustainability of mango and to determine whether its introduction could be considered as an alternative to traditional crops. In particular, an economic-financial a…
The use of a spatial model of economic efficiency to predict the most likely outcomes under different fishing strategy scenarios
2021
The current European Union has been progressively implementing since January 2014 a discard ban which includes the obligation to land unwanted catch for certain regulated species and sizes. Although a full enforcement of the landing obligation has a direct impact on discard reduction through more responsible and selective fishing, fishers argue that it will prompt both a decrease in incomes and an increase in working time onboard. Thus, the measure is in a hold in south-western waters due to the difficulties to implement the ban in mixed fisheries This paper analyzes some possible scenarios which fishers could face under the landing obligation. It is shown the construction of a spatial bio-…
Are alternative food networks winning strategies to increase organic SMEs profitability? Evidence from a case study
2020
The aim of this study was to understand how and how much alternative food networks (AFNs) contribute to increasing the profitability of the organic SMEs, compared to traditional organic sales channels. For this purpose, an economic analysis and an in-depth interview were carried out in a case study located in the Sicilian northern coast. Findings showed a clear convenience of the participation to alternative food networks compared to the case in which all farm production was conferred to traditional sales channels, highlighting an increase both of farm profit (+76.9%) and net income (+72.1%). However, the in-depth interview revealed that AFNs are a mean, not only to have economic benefits, …
A ricardian analysis of the impact of climate change on permanent crops in a mediterranean region
2019
This is the first study which explores the impact of climate change in Sicily, a small Mediterranean region of Southern Europe. According to research, Mediterranean area has shown large climate shifts in the last century and it has been identified as one of the most prominent “Hot-Spots” in future climate change projections. Since agriculture is an economic activity which strongly depends on climate setting and is particularly responsive to climate changes, it is important to understand how such changes may affect agricultural profitability in the Mediterranean region. The aim of the present study is to assess the expected impact of climate change on permanent crops cultivated in Sicilian r…
Long-term modelling of weed control strategies: analysis of threshold-based options for weed species with contrasted competitive abilities
2002
A simple life-cycle-based demography model was adapted for two contrasting weed species (Alopecurus myosuroides and Poa annual. This model included a seed production function that accounted for population self-regulation through weed:weed interactions. The A. myosuroides version of the model was tested with field data. Long-term simulations of population demography were then performed to investigate the relationship between weed control strategies based on density thresholds and both the frequency of herbicide use and the long-term economic profitability. This study confirms that threshold-based weed management strategies are more cost-effective than spraying every year and may allow import…
Key Economic Characteristics of Italian Trawl Fisheries and Management Challenges
2017
Two key measures of economic performance are calculated and analyzed for three important Italian trawl fisheries (Northern Thyrrenian Sea, South of Sicily, Northern Adriatic Sea): the Net Economic Returns (NER), which informs on the economic performance and is considered a proxy of resource rent in fisheries and the Return on Fixed Tangible Assets (ROFTA), which is used as an approximation of the Return on Investment (ROI) and is a key financial and performance indicator for a fisherman in order to take a decision to operate in a fishery. The trend of these indicators over the last decade highlights a poor economic performance that is associated with an overall poor condition of the state o…
Renewable energy growth and the financial performance of electric utilities: A panel data study
2017
Electric utilities are under pressure to increase clean energy production. Although the adoption of renewable energy can improve the utilities' environmental performance, a fundamental question is if it also pays in economic terms. Building on the natural-resource-based view of the firm, we answer this question using two data analysis methods. First, we carry out a regression analysis of panel data from 66 large electric utilities covering the period 2005–2014, applying both a fixed and random effects estimator. Subsequently, we use the Granger causality test to explore possible causality links. Our results show a negative correlation at the firm level between renewable energy increase and …
Economic feasibility of stationary electrochemical storages for electric bill management applications: The Italian scenario
2016
Battery energy storage systems (BESSs) are expected to become a fundamental element of the electricity infrastructure, thanks to their ability to decouple generation and demand over time. BESSs can also be used to store electricity during low-price hours, when the demand is low, and to meet the demand during peak hours, thus leading to savings for the consumer. This work focuses on the economic viability of BESS from the point of view of the electricity customer. The analysis refers to a lithium-ion (Li-ion), an advanced lead-acid, a zinc-based, a sodium-sulphur (NaS) and a flow battery. The total investment and replacement costs are estimated in order to calculate the cumulated cash flow, …