Animal-Derived Food Industry: Risks and Opportunities Due to Farm Animal Welfare

Hoag, Thomas Michael; Lemme, Celso Funcia

doi:10.1590/s0034-759020180305

Cited by 5 publications

(3 citation statements)

References 22 publications

(21 reference statements)

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“…Zelisko et al (2020) further state that the development of agricultural holdings depends on the segmentation of the ravine, the location of agricultural farm production, the creation of an effective assortment policy, the creation and implementation of the marketing of new products, the development of an effective communication policy so that marketing tools and intangible assets would have an impact on the potential of farms. Intangible assets in agriculture also include the welfare of livestock (Hoag & Lemme, 2018;Sahoo & Pradhan, 2021). Similar issues were also dealt with Rowland et al (2021).…”

Section: Literary Researchmentioning

confidence: 99%

Valuation of intangible assets via application of the WARA approach in the agricultural sector

Krulický¹,

Junga²,

Jägerová³

2022

JESI

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The aim is to apply the principles of valuation of intangible assets -goodwill using the Weighted Average Return on Asset (WARA) method to enterprises in the agricultural sector in the Czech Republic in 2016-2020 agricultural sector and what is the value of goodwill of the average enterprise in the agricultural sector in the Czech Republic in the years 2016 -2020 determined by the WARA method. The calculation is performed from data from the CRIBIS database of the company Crif -Czech Credit Bureau, s.r.o., specifically according to the classification of economic activities CZ NACE section A for the period 2016 -2020, from which the analysis is subsequently performed. The average company in the industry is determined for the calculation. An average agricultural enterprise's goodwill is determined using the capitalised net income method and property valuation. Subsequently, the goodwill is further multiplied by the WARA percentage value, and the resulting goodwill value determined using the WARA method is determined.

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Section: Literary Researchmentioning

confidence: 99%

Valuation of intangible assets via application of the WARA approach in the agricultural sector

Krulický¹,

Junga²,

Jägerová³

2022

JESI

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“…Industrial systems are the backbone of economy [1][2][3]. However, economic activities within industrial domain are providing societies with opportunities and risks at the same time [4][5][6][7]. These risks are mainly menace environment, and society members.…”

Section: Introductionmentioning

confidence: 99%

Digital Twin (DT) in Smart Energy Systems - Systematic Literature Review of DT as a growing solution for Energy Internet of the Things (EIoT)

2021

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In the industry 4.0 era, the Smart Energy System (SES) should be able to address the emerging challenges of digitization and socioeconomic/ecologic transition along with other critical entities of the society. However, because of the complexity of this system, both researchers and practitioners are seeking an agile and smart solution. The main motive of this review is to investigate the applications and implementation of Digital Twin (DT) in the provision of energy services. Research Questions (RQ) of this study include: RQ1: What are the applications of DT in SES and how effective is DT in that use case of EIoT? RQ2: Which issues of an SES can be addressed efficiently by using DT? Through answering the mentioned questions, the current study is heading to following objectives (O), O1: Describe the state of the art of DT in SES. O2: Develop a direction for energy 4.0 management through listing the applications, challenges and important factors of implementing DTs. O3: Provide a list of various approaches in employing DT in the scope of SES. The current study is a systematic literature review (SLR), based on SCOPUS, WOS and IEEE digital libraries. Two keywords (namely “Digital Twin” and “Energy Systems”) have been first used. To achieve the final list of articles, 2 levels of screening have been conducted. The first Screening was based on the relevance of the results concerning research objectives. The second screening was an abstract study. The exclusion/inclusion criteria in the abstract study were based on the research questions. The papers that have the potential of answering one of the research questions have been included. Since the implementation of DT is a rather new topic, both backward snowballing and forward snowballing strategies are implemented to finalize the article selection phase. 60 articles identified by searching through scientific databases and 11 articles have been appended to the list during the snowballing process. The results of the current review provide a managerial guideline for practitioners that are heading to utilize DT, along with an anthology of DT within SES scope to feed possible future studies.

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“…Another gap in the literature that this paper intends to cover is regarding the new consumer food attribute preferences, such as animal welfare (Koknaroglu &Akunal, 2013 andHoag &Lemme, 2018). Recent studies have focused on different animals, namely, poultry (Grandin, 2019), pigs (O'Malley et al, 2019), cattle (Jorquera-Chavez, Fuentes, Dunshea, Jongman, & Warner, 2019) and venison (Ludwiczak, Bykowska-Maciejewska, Składanowska-Baryza, & Stanisz, 2019).…”

Section: Introductionmentioning

confidence: 99%

The influence of signal attributes on the willingness to pay for pasture-raised beef

Chini

Spers

Silva

et al. 2020

RAUSP

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Purpose This study aims to identify the marginal impact of introducing a signal attribute of pasture-raised beef on consumer willingness to pay (WTP) for other independent attributes. Design/methodology/approach The study is divided into two steps. The first, qualitative, consisted of investigating the values consumers have regarding beef production. To this end, 52 interviews with Brazilian and US consumers were conducted using laddering. In the second, quantitative, six experiments, (face to face and online) with 267 consumers of beef were performed. Findings As a result, the main value found for the Brazilians was security, while for the Americans was self-direction. For consumers, the WTP for animal welfare was the most important in the choice experiments where this information was present. Originality/value These findings offer an alternate beef differentiation, enabling it to be sold with higher added value by integrating these.

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Animal-Derived Food Industry: Risks and Opportunities Due to Farm Animal Welfare

Cited by 5 publications

References 22 publications

Valuation of intangible assets via application of the WARA approach in the agricultural sector

Valuation of intangible assets via application of the WARA approach in the agricultural sector

Digital Twin (DT) in Smart Energy Systems - Systematic Literature Review of DT as a growing solution for Energy Internet of the Things (EIoT)

The influence of signal attributes on the willingness to pay for pasture-raised beef

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