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Working Papers | 1987

Considerations in Evolving a Comprehensive Leasing Policy for Inland Waterbodies for Fish Production

Srivastava Uma Kant

Inland fishery resources can be classified in terms of rivers, fresh water ponds, reservoirs and brackish water bodies (ponds for culture, term's farms for capture/filtration, lakes, swamps and estuaries). Some States have made an attempt to license the river stretches to the fishermen for a small fee but in view of the declining catches from the reverie resources, it is doubtful whether reverie fishermen in Gujarat can be made to pay anything. There is, however, a need for conservation of fish breeding and genetic resources in the reverie sector. The question of lease/royalty is important for the other three sub-systems of inland sector i.e. fresh water ponds, reservoirs and brackish water water-bodies. This paper is designed to highlight some of the critical elements in decision-making about the leasing of these water-bodies. The paper makes recommendations for the lease duration, rent and institutional support for each of the inland fishery sub-systems.

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Working Papers | 1987

Priority Areas for Research in the Operations of Small Enterprises

Srivastava Uma Kant

Failure and sickness of small venture during project cycle has received very little attention by the developmental institutions, specialized research institutions and management specialists. Failure and sickness is caused due to problems in pre-operative and operative phases of a project. In operative phase, which broadly could be considered as project pre-planning and implementation phase, internal and external factors cause delay in project implementation. Delay in implementation often seriously jeopardizes the financial viability of the project right from the initial stage. Major problems in operative phase include faulty project formulation and implementation, non-availability of raw materials, poor financial management, training and retraining of manpower, marketing problems and technical problems associated with production. Survey research and case research are important methods of research in small ventures. Survey research is not only time consuming but also does not provide insight at micro-level into the reasons, which lead to failure and sickness in small ventures. Case researches of selected small enterprises from various regions of the country can be an extremely effective tool for generating the required understanding of small business. It is desirable that major specialized research institutes should take the lead in generating ideas and providing regional and state levels should pool the researches and share the funding with each other.

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Working Papers | 1987

Scientific Perception of Farmers Innovations in Dry regions: Barriers to the Scientific Curiosity

Anil K. Gupta

Surprise is a necessary condition for making a discovery. If a phenomenon out there does not surprise us and thus is not noted by us, could it be because of the familiarity that we have with it. In that case, is perception of an innovation and function of individual theory of social change or activity. The question of local agricultural knowledge not being perceived by agricultural scientists was raised in a study on Matching Farmers' Concerns with Technologists' Objectives: A Study of Scientific Goal Setting in Dry Farming. Paper deals with two questions: (1) How do we classify local/indigenous knowledge and (2) why don't scientists pursue some of these practices further to draw science out of these or to build upon these.

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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

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

Workers and Management: A Socio-Historical Perspective

Parikh Indira J

This paper explores the changing patterns of relationships between workers and the management in industry over the last century and half. Three concepts are presented of worker-management relations. Mono-community of works the dual community, and the unified community. Each community has unique structure and relationships. The paper further explores the genesis of the three patterns and differentiates between the Indian and European pattern. It identifies some of the sources of conflict in the context of socio-cultural variables over a period of time. It is hoped that exploration of the socio-historical and developmental perspective may provide a better understanding and appreciation of the multi-faced phenomenon of worker-management relations. The paper suggests that the task ahead of worker-management relations is to create a setting where cooperative effort is unified in a system of belonging, where the roles are differentiated, where a sense of psychological security is generated and where both the organizational and individual goals acquire convergence and fulfillment.

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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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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

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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