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3819 items in total found

Working Papers | 1987

Marine Fisheries Development: An Outlook at Turn of the Century and Key Policy Issues

Srivastava Uma Kant

Marine fisheries will have to play a crucial role in augmenting supplies both in the domestic as well as export markets. Thrust of the development will be deep sea and brackish water resources. The exploitation of these resources, particularly deep sea, will require a rapid transition from chartering of vessels to joint ventures and owned fleet with modern and sophisticated technology. Creation of sizeable owned fleet would require massive credit and fiscal support. This thrust for exploitation of deep sea resources can be sustained with consorted attempts to formulate and implement strategies for product development and marketing in both domestic as well as export markets. This will also require the attention to develop the necessary infrastructure to handle such vessels, onshore processing facilities, better management of fishing harbors, cold chain grid in the domestic markets, development of transit and terminal markets at wholesale and retail levels. Boat Building Yards will have to take up new challenges. This also throws up challenges for net marketing industry in this country. All these developments would also require massive efforts for training and development of manpower. This paper deals with all these areas in a systems framework and suggests appropriate policy support measures for strengthening various elements of the system.

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Working Papers | 1987

Optimal Maintenance and Life of Machines, Subject to Time Varying Rate of Depreciation

Lahiri Somdeb

In this paper we study the optimal maintenance policy and life of machines with time varying decay rate of quality. Many management problems involve the determination of the life or horizon of an activity in combination with the management of it. We study a particular class of such problems, and obtain solutions for optimal maintenance policies and life of machines.

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Working Papers | 1987

Existence of Nash Equilibrium Programs of Capital Accumulation Under Altruistic Preferences: The Continuous Time Case

Lahiri Somdeb

This paper presents a general model of altruistic growth in continuous time, where agents' welfare are assumed separable in current consumption levels and levels of incremental consumption. We prove the existence of Nash Equilibrium Programs of Capital accumulation.

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Working Papers | 1987

How Much Does Money Matter in India?

Sharma Ram Lal

Money is not unique in India as it claimed by the monetarists in the context of the U.S.A. Because (i) Bi-directional relationship was found between nominal money and nominal income. (ii) The same type of relationship was found between money and real income.

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Working Papers | 1987

The Simplest Problem in Optimal Control Revisited

Lahiri Somdeb

In this paper, we define and study the simplest problem in optimal control theory, with differential inequalities determining the evolution of state variables. We prove necessary and sufficient conditions for optimality.

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Working Papers | 1987

Evaluation of Managerial Influence Tactics

Deepti Bhatnagar

The present study was undertaken to find out whether different influence tactics are evaluated the same way, or differently, in downward and upward exercise of influence; whether appropriateness and effectiveness constitute two different dimensions of evaluation; and whether the sex of the influence agent and the influence target affects the evaluation of influence tactics. Data were collected from 144 bank managers. Results showed that for influencing subordinates, many more tactics are seen as being highly appropriate and effective, than for influencing superiors. Appropriateness and effectiveness emerged as two different dimensions of evaluation. The sex of the influence agent had no effect on the evaluation of influence tactics; however, the sex of the influence target affected the evaluation of the appropriateness of different influence tactics. Implications of these findings are presented.

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Working Papers | 1987

Financial Goals: A Survey of Experiences in India

Pandey I M and Bhat Ramesh

The Study aimed to test the existence of multiple financial goals and to find the relative significance of the financial goals pursued by companies in India. A questionnaire was sent to companies listed in the Investors' Guide of Economic Times. Sixty one questionnaires were received back, of which fifty seven were found useful for analysis. The results of the study are: (1) Companies follow multiple financial objectives. The cumulative percentage of companies using two or more financial objectives is 100 per cent. (2) Out of the total respondent companies, only 19.3 per cent inter-alia consider maximization of market value per share in the financial decision-making. This objective is least considered in financial decision-making. (3) The overall rank ordering of the financial objectives suggest the following four objectives to be important: (a) maximization of operating profit before interest and taxes; (b) maximizing the rate of return on investment; (c) maximizing the growth rate in sales; and (d) ensuring that funds are available. (4) An international comparison of financial objectives reveal that 'guarantee funds are available' and 'maximization of EBIT' have been ranked very high in France, Norway and India. Unlike in France, Netherlands and USA, Indian managers do not consider growth in EPS of high importance. It is also indicated that Indian managers' views on financial goals are significantly correlated with that of France, Japan and Norway.

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Working Papers | 1987

An Economic Analysis of Food-Energy Sector: Implications for Subsistence Behaviour and Credit Policy

P. R. Shukla, Moulik T K, and Modak Shrikant

This paper presents economic analysis of food-energy relationship with implications for subsistence farmers; behaviour and credit policy. The analysis of the model formulated by Timmer is discussed. A model is formulated to study the food-energy relationship for subsistence farmers. Implications of availability of credit for purchasing inputs on the food-energy relationship is explored and results are presented.

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Working Papers | 1987

Efficient Market Hypothesis: Understanding and Acceptance in India

Bhat Ramesh and Pandey I M

Inspite of some empirical evidence in favor of the capital market efficiency in weak form and mildly in favor of semi-strong form, the capital markets participants allege that the market is excessively speculative and inefficient. The objective of this study therefore is to assess the extent of the users and preparers of accounting information in India are aware of the efficient market hypotheses (EMH) and accept the empirical findings on EMH in the Indian context. The research methodology used is he one developed by Mayer-Sommer. A questionnaire was sent to 600 preparers and users who were divided into four groups: (1) the chief financial executives; (2) academicians; (3) chartered accountants; and (4) cross-section of investors and brokers. One hundred and sixty questionnaires were returned duly filled in by the respondents. The analysis reveals that the various-category respondents deny the existence of market to be efficient in any of its three forms. It is important to note these findings relate only to attitudes and perceptions in the understand ing acceptance of EMH.

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Working Papers | 1987

Optimum Ordering Interval of Inventory with Random Price Functions: A Sample Path Analysis

Lahiri Somdeb

In this paper we extend the analysis of optimum ordering interval for inventory, carried out by Mukherjee(2), to incorporate random price schedules observed by firms. We obtain the expression for optimum cycle length by minimizing the expected total cost per unit time. In effect we carry out a sample path analysis. We also study the relationship between optimal interval and probability distributions in the polar case of constant decay rate and a Bernoulli probability measure.

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