Applying Target Costing in the Development of Marketable and Environmentally Friendly Products from Swine Waste

Management of swine waste generated in the United States is a challenging problem facing engineers, farmers, scientists, regulators, and policy-makers. Technologies for processing and storing swine waste have not been fully developed and refined in a manner acceptable to the public and environmental regulators. The primary concerns with improperly disposed swine waste are the effects on human and livestock health, surface and groundwater quality, air quality, and conservation of nitrogen fertilizers (Hagenstein 2003 Hagenstein, P. R. 2003. Air Emissions from Animal Feeding Operations: Current Knowledge, Future Needs, Washington, D. C.: National Research Council, National Academy Press.  [Google Scholar]).

The purpose of this study is to demonstrate the concept of target costing by applying it to a very specific example: the production of biomethanol from swine manure. This study summarizes the analyses that outline a design and calculate a preliminary cost estimate for a proposed system for producing biomethanol from swine manure (initial process). In this study the target costing process is demonstrated with calculation of a target cost. This article also demonstrates an application of value engineering as a systematic, interdisciplinary examination of factors affecting the cost of a product so as to find means to fulfill the product's specified purpose at the required standards of quality and reliability and at an acceptable cost.

The article is organized as follows. First, the purpose of applying target costing methodology to the development of marketable by-products from swine manure is outlined. Next, target cost is calculated for biomethanol made from swine manure based on current methanol prices and currently available subsidies for biomethanol made from swine manure. A system for producing biomethanol from swine manure is described. The current cost is calculated for producing biomethanol. Concepts of value engineering are employed to reduce a significant cost component of the initial process resulting in Process II. Finally, value engineering is employed the second time to further reduce the cost of Process II yielding Process III.     

The Role of a Toolkit in Mobilising Women in Local and Regional Development

This paper introduces UK readers to the EuroFEM Toolkit which has been developed with European Union (EU) funding. The Toolkit is a collection of methods and stories taken from women's projects in European member states and is aimed at supporting, encouraging and facilitating women's involvement in every sector of local and regional development. The context for the development of the Toolkit is set within the debate about gender mainstreaming and what this means for local and regional development.     

Building routes to power: Lessons from Cruddas park

This paper reflects on routes to power taken by residents in a poor people's neighbourhood in Newcastle upon Tyne. This paper draws upon ethnographic work undertaken as part of an evaluation of the Cruddas Park Community Development Trust Toe paper examines the problem of defining and acting upon overarching common concerns while carving out solutions which offer opportunities for different groups of residents. It concludes with thoughts on barriers to empowerment.     

Same Work,Different Pay? Evidence from a US Public University

Abstract

This study examines detailed data for faculty at a typical public research university in the United States between 1995 and 2004 to explore whether gender wage differentials can be explained by productivity differences. The level of detail – including the number of courses taught, enrollment, grant dollars, and number and impact of publications – largely eliminates the problem of unmeasured productivity, and the restriction to one firm eliminates unmeasured work conditions that confound investigations of wider labor markets. The authors find that direct productivity measures reduce the gender wage penalty to about 3 percent, only 1 percentage point lower than estimates from national studies of many institutions and with fewer productivity controls. The wage structure for women faculty differs markedly from the wage structure for men. Interpreted against the institutional features of wage setting for this population, the paper concludes that penalties for women arise at the department level.     

INTRA-FIRM TRADE

Abstract. The study analyses intra-firm trade, that is the estimated one-third of world trade which is transacted between affiliated parties. As firms realize the increasing potential for integrating their operations throughout the world, they are contributing to significant shifts in the patterns of interntional trade and industrial development. As emphasized here, international trade is inextricably linked to the growing and substantial share of transactions between affiliated parties conveyed through multinational enterprises.     

New Dimensions of Service Offshoring in World Trade

Intereconomics - This paper discusses the growing dimensions of the offshoring of service activities both in manufacturing and service industries. Trade in Value-Added data implies a great...     

THE ANALYSIS OF MEMORY BIAS IN AGRICULTURAL LABOUR DATA COLLECTION: A CASE STUDY OF SMALL FARMERS IN NIGERIA

An analysis is undertaken of daily labour data collected once-per-week for a sample of 129 farm households in Benue State, Nigeria during 1979/80. The purpose of the analysis is to test for the presence of memory bias in these data for which the recall period is up to seven days. The analysis indicates significant between-day differences in hours of agricultural work. This is partly due to the low work input for Sunday but it is also noted that the mean number of hours of agricultural work reported for the day prior to data collection is significantly lower than the means for days further removed from the time of data collection. This finding is taken to be confirmation that a significant level of memory bias exists in the labour data and it is estimated that reported hours of agricultural labour may overstate actual hours of such work by almost 38 per cent.