Matching Items (17)
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- All Subjects: Agriculture
- Creators: School of International Letters and Cultures
- Resource Type: Text
Description
This thesis details our experience assisting BASE Equity Partners, a private equity firm based in New York City, on three prospective agricultural dealership deals over the course of this past academic year. The firm is currently structured as a Fundless Sponsor. This distinct structural trait is common for a type of private equity firm known among practitioners as pledge funds. This creates an interesting element for our experience as there is very limited academic research on these types of firms, which, since the Great Recession, have become popular players in middle-market private equity deals. We, first, provide some historical context on pledge funds and identify their primary differences with traditional private equity. The remainder of the paper documents our experience working on the agricultural dealership deals. We have organized this portion after the manner in which we received assignments. We go into detail on the specific projects with which we were tasked, our interactions with the partners and the major takeaways we had from this learning experience. This thesis paper will enrich the academic knowledge regarding pledge funds—and private equity generally—by documenting a real experience of what it is like performing analyst-level tasks at a real firm. Additionally, we were privy to information that is highly confidential, and though we have protected the confidentiality of the companies through pseudonyms and redaction of confidential material, all of the financial data shown, models provided and qualitative discussion is real.
ContributorsTang, Ivan (Co-author) / Johnson, Bradley (Co-author) / Panosian, Tro (Co-author) / Simonson, Mark (Thesis director) / Bonadurer, Werner (Committee member) / Barrett, The Honors College (Contributor) / Department of Finance (Contributor) / Department of English (Contributor) / School of Accountancy (Contributor) / School of International Letters and Cultures (Contributor)
Created2015-05
Description
Catastrophe events occur rather infrequently, but upon their occurrence, can lead to colossal losses for insurance companies. Due to their size and volatility, catastrophe losses are often treated separately from other insurance losses. In fact, many property and casualty insurance companies feature a department or team which focuses solely on modeling catastrophes. Setting reserves for catastrophe losses is difficult due to their unpredictable and often long-tailed nature. Determining loss development factors (LDFs) to estimate the ultimate loss amounts for catastrophe events is one method for setting reserves. In an attempt to aid Company XYZ set more accurate reserves, the research conducted focuses on estimating LDFs for catastrophes which have already occurred and have been settled. Furthermore, the research describes the process used to build a linear model in R to estimate LDFs for Company XYZ's closed catastrophe claims from 2001 \u2014 2016. This linear model was used to predict a catastrophe's LDFs based on the age in weeks of the catastrophe during the first year. Back testing was also performed, as was the comparison between the estimated ultimate losses and actual losses. Future research consideration was proposed.
ContributorsSwoverland, Robert Bo (Author) / Milovanovic, Jelena (Thesis director) / Zicarelli, John (Committee member) / School of Mathematical and Statistical Sciences (Contributor) / Barrett, The Honors College (Contributor)
Created2018-05
Description
As construction and building methods advance so should their focus on reconstruction post-natural disasters. For the past 50 years there has been an average of 6.2 hurricanes making landfall, and several recent unfortunate occurrences in the past year that have caused immeasurable damage and taken priceless lives (Chris Landsea 2017). Damages could have been significantly reduced to residential homes and lives saved if proper, hurricane-resistant construction was used. It is important to continue advancement in efficient planning and reconstructive methods to restore individuals into their homes and ensure their safety in the future. Utilizing tested resilient building methods may increase construction costs but has a visible payoff through mitigation of economic losses in the future. This can also help develop response and mitigation plans based on the very specific conditions of each community or affected location. To do so, it is crucial to continue research and test various methods of construction and materials in residential homes. This study was a comparative analysis of the current roof systems implemented in residential homes, the role of hurricane testing facilities in maintaining building codes, and how damage incurred by hurricanes can be significantly reduced through a shift in the approach of homeowner insurance incentive. The purpose of this study was to provide a feasible and practicable solution for increasing implementation of hurricane resistant construction into homes. The results of this analysis concluded that there is a low percentage of homeowners investing in making their homes hurricane resilient. By re-inventing the incentive methods that insurance companies offer, this problem can step into the right direction in making more homes hurricane resilient consequently reducing damages, deaths, and economic loss.
ContributorsVarkalaite, Migle (Author) / Sullivan, Kenneth (Thesis director) / Ayer, Steven (Committee member) / School of International Letters and Cultures (Contributor) / Del E. Webb Construction (Contributor) / Barrett, The Honors College (Contributor)
Created2018-05
Description
A new class of entrepreneurs is emerging in China, who are using a business model approach to solve societal problems. A small but growing niche of these so called "social entrepreneurs" is attempting to address long standing problems in the agricultural sector stemming from the three agricultural issues of farmers, agriculture and rural areas. In order to understand what social entrepreneurship means in the Chinese context, the motivations behind it, and the opportunities and problems related specifically to agricultural sector, interviews were conducted with social entrepreneurs, research institutes, and social fostering organizations in multiple tier-one cities in mainland China. Results show that the concept of social enterprise is comprehended in a very different way in the Chinese context relative to the general usage of the term in the literature. Social enterprises in the agricultural sector are divided into categories of Community Supported Agriculture-based organic farms, farmers' markets, food educators and city farmers. This is a growing group of entrepreneurs who could be better supported on the basis of resources and protection by the government, law and policy, universities, and a united producer and consumer front.
ContributorsGray, Christopher Stephan (Author) / Aggarwal, Rimjhim (Thesis director) / Ostrom, Amy (Committee member) / Barrett, The Honors College (Contributor) / School of International Letters and Cultures (Contributor) / Department of Marketing (Contributor)
Created2013-12
Description
Current farming demographics in the United States indicate an aging and overwhelmingly white group of farmers, stimulating the need for engaging a younger and more diverse population. There is an opportunity to engage these populations through farm-based internship and apprenticeship programs, which are immersive programs on small-scale, sustainable farms. These programs are unique in providing hands-on training, housing, meals, and a stipend in return for labor, presenting a pathway to social empowerment. The potential outcomes of increasing diversity and inclusion in farm programs are absent from the research on the benefits of diversity and inclusion in other work environments, such as the corporate setting. This paper presents the results of a study aimed at determining levels of diversity and inclusion in United States farm-based internship programs, and the viability of these programs as an effective opportunity to engage marginalized young people in farming. The study of 13 farm owners and managers across the U.S. found that the participants are focused on fostering education and training, environmental benefits, and a sense of community in their respective programs. All participants either want to establish, or believe they currently have, an inclusive workplace on their farm, but also indicated a barrier to inclusivity in the lack of a diverse applicant pool. Future recommendations for removing that barrier and involving more young, diverse interns include increased outreach and access to these programs, the use of inclusive language, and further research.
ContributorsLascola, Dania (Co-author) / Biel, Braden (Co-author) / Cloutier, Scott (Thesis director) / MacFadyen, Joshua (Committee member) / School of International Letters and Cultures (Contributor) / School of Geographical Sciences and Urban Planning (Contributor) / School of Sustainability (Contributor) / Barrett, The Honors College (Contributor)
Created2017-05
Description
Abstract The purpose of this study was to discover the most prominent factors that affect the Arizona population from routinely visiting the dentist. For many people there is a factor of anxiety or fear, while others have issues with cost, insurance, or even the dental clinic environment. My study looks at some of these factors and supports the data with available research on dental avoidance factors. A significant portion of the study is also allotted to potential solutions to these avoidance factors, in order to increase regular dental visitation. Oral health is extremely important not only to the teeth, but also to the rest of the body. Therefore, it is important to address avoidance factors and find potential solutions to these problems. The study involved 71 participants, eighteen years of age or older, and a questionnaire with twenty-one questions. These questions asked the participants about gender, ethnicity, age, employment, reasons for avoidance, oral health education, and past dental experiences. These questions were designed to better understand how a person's background and understanding of dentistry affect their decision to visit the dentist. These questions also provide insight to why certain avoidance factors apply to different groups of people in the Arizona population. The results of the study showed that anxiety, price, insurance issues, and the personality of the dentist are the most prominent factors that cause individuals to avoid the dentist. Potential solutions to these avoidance factors were given, especially for anxious individuals. There are dentists who deal specifically with anxious individuals through sedation dentistry. Regarding price, there were several options for free or low-cost dental clinics that were provided. Preventative dentistry education was an important focus and solution to many of the avoidance factors, because when individuals are more aware of how to care for their teeth, there is a greater chance that they will have healthier teeth and dental visits will be less invasive and costly. Suggestions were provided for spreading oral health education and preventative dentistry through community programs and schools. Among the avoidance factors addressed, solutions provided, and the importance of oral health and preventative dentistry reiterated, the study stressed the importance of the results to my future profession. As a future dental practitioner, the data and research will be used in order for me to become a more compassionate and accommodating practitioner to my future patients. There is a special relationship and trust between the dental practitioner and their patient, and this study has helped me better understand how to accommodate patients and eliminate the factors that cause them to avoid regular dental visits.
ContributorsValimaki, Casey Jordyn (Author) / Washo-Krupps, Delon (Thesis director) / Bang, Christofer (Committee member) / Schoenborn, Scot (Committee member) / School of International Letters and Cultures (Contributor) / School of Life Sciences (Contributor) / Barrett, The Honors College (Contributor)
Created2016-05
Description
Animal agriculture is a growing industry worldwide as the global demand for animal products increases. This has resulted in many harmful unintended consequences for human health, the environment, and animal welfare. This paper aims to uncover the hidden costs of negative externalities by answering the question: What types of subsidies is the US government distributing to the animal agriculture industry and in what amount? This paper will begin with some background on a few of the externalities created by the animal agriculture industry focusing specifically on environmental issues of water, air, and deforestation. Once this background is established, this will show that animal agriculture is in fact a negative-externality-generating industry. Next, subsidies will be defined and the principal findings of the research will reveal the different forms of support that the US government provides to animal agriculture. Lastly, these subsidies, both direct and indirect, will be quantified.
ContributorsEpel, Erin (Author) / Barca, Lisa (Thesis director) / Rao, Sailesh (Committee member) / Barrett, The Honors College (Contributor) / School of Sustainability (Contributor) / School of International Letters and Cultures (Contributor)
Created2023-05
Description
AARP estimates that 90% of seniors wish to remain in their homes during retirement. Seniors need assistance as they age, historically they have received assistance from either family members, nursing homes, or Continuing Care Retirement Communities. For seniors not wanting any of these options, there has been very few alternatives. Now, the emergence of the continuing care at home program is providing hope for a different method of elder care moving forward. CCaH programs offer services such as: skilled nursing care, care coordination, emergency response systems, aid with personal and health care, and transportation. Such services allow seniors to continue to live in their own home with assistance as their health deteriorates over time. Currently, only 30 CCaH programs exist. With the growth of the elderly population in the coming years, this model seems poised for growth.
ContributorsSturm, Brendan (Author) / Milovanovic, Jelena (Thesis director) / Hassett, Matthew (Committee member) / School of Mathematical and Statistical Sciences (Contributor) / Economics Program in CLAS (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
Description
Agriculture is the second largest water consumer in the Phoenix Metropolitan region, after the municipal sector. A significant portion of the cultivated land and agricultural water demand is from the production of animal feed, including alfalfa (~69% of total cropland area), corn (~8), and sorghum (-3%), which are both exported and needed to support local dairy industry. The goal of this thesis is to evaluate the impacts on water demand and crop production of four different crop portfolios using alfalfa, corn, sorghum, and feed barley. For this aim, the Water Evaluation And Planning (WEAP) platform and the embedded MABIA agronomic module are applied to the Phoenix Active Management Area (AMA), a political/hydrological region including most of Phoenix Metro. The simulations indicate that the most efficient solution is a portfolio where all study crop production is made up by sorghum, with an increase of 153% in crop yield and a reduction of 60% of water consumption compared to current conditions. In contrast, a portfolio where all study crop production is made up by alfalfa, which is primary crop grown in current conditions, decreased crop yield by 77% and increases water demand by 105%. Solutions where all study crop production is achieved with corn or feed barley lead to a reduction of 77% and 65% of each respective water demand, with a portfolio of all corn for study crop production increasing crop yield by 245% and a portfolio of all feed barley for study crop production reducing crop yield by 29%.
ContributorsRees, Kendall Marcella (Author) / Mascaro, Giuseppe (Thesis director) / Muenich, Rebecca (Committee member) / Chhetri, Netra (Committee member) / Civil, Environmental and Sustainable Eng Program (Contributor) / School of International Letters and Cultures (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05
Description
The past decades have seen major changes with globalization, increased trade, digital technologies, and the increased threat of climate change consequences. These changes in trends have changed how the world communicates, travels, produces, manufactures, and develops. Yet despite having the most advanced technologies and the most connected world to date, other aspects of development and quality of life have not kept up the pace in adapting and changing based on these trends. Specifically in developing countries, while the outside environment may be changing, the systems, structures, and societal values in place have not fully adapted. These aspects of society are naturally slower to change which can be dangerous when dealing with the current issues the world faces, for example the proven increase in climate change consequences. The consequences of slow or no changes at all in systems, structures, and societal values fall disproportionately on women who are often now bearing more responsibility without the benefits due to outdated structures that were developed based on other environments and priorities. This gap between the formal structures and the rapidly changing environments and its effect on women can be seen through analyzing specific common trends in developing countries, such as the feminization of agriculture and climate change. Analyzing this gap from these specific trends can give insight into possible solutions to both speed up the closing of the gap and lessen the burdens for women in the meantime. The role of informal or community networks should be considered as a possible way to do this. The case of St. Lucia and its experience with both the feminization of agriculture and the threat of climate change will be analyzed to understand how informal or community networks could serve to help close the gap and lessen the burdens for women.
ContributorsDooley, Hanna Mary (Author) / Augustin-Behravesh, Shirley-Ann (Thesis director) / Aggarwal, Rimjhim (Committee member) / Dean, W.P. Carey School of Business (Contributor) / School of International Letters and Cultures (Contributor) / Department of Economics (Contributor) / School of Politics and Global Studies (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05