Quarterly Economic Commentary, Winter 2022

McQuinn, Kieran; O’Toole, Conor; Disch, Wendy; Shiel, Eva; Kenny, Eoin M.

doi:10.26504/qec2022win

Cited by 2 publications

(2 citation statements)

References 14 publications

(18 reference statements)

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“…It has been recognised by some commentators that house prices have risen above the natural market price. In the Quarterly Economic Commentary (McQuinn et al, 2022) estimated that house prices are at least 7 per cent higher than their equilibrium level. Higher interest rates mean mortgages will become more expensive, hence demand for property purchases will likely decrease.…”

Section: Figure 34 European Central Bank Deposit Facility Rate (%) 20...mentioning

confidence: 99%

The National Development Plan in 2023: priorities and capacity

Curtis

2024

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The mission of the Economic and Social Research Institute (ESRI) is to advance evidence based policymaking that supports economic sustainability and social progress in Ireland. ESRI researchers apply the highest standards of academic excellence to challenges facing policymakers, focusing on 10 areas of critical importance to 21st Century Ireland.The Institute was founded in 1960 by a group of senior civil servants led by Dr T.K. Whitaker, who identified the need for independent and in-depth research analysis to provide a robust evidence base for policymaking in Ireland.Since then, the Institute has remained committed to independent research and its work is free of any expressed ideology or political position. The Institute publishes all research reaching the appropriate academic standard, irrespective of its findings or who funds the research.The quality of its research output is guaranteed by a rigorous peer review process. ESRI researchers are experts in their fields and are committed to producing work that meets the highest academic standards and practices.The work of the Institute is disseminated widely in books, journal articles and reports. ESRI publications are available to download, free of charge, from its website. Additionally, ESRI staff communicate research findings at regular conferences and seminars.The ESRI is a company limited by guarantee, answerable to its members and governed by a Council, comprising up to 14 members who represent a crosssection of ESRI members from academia, civil services, state agencies, businesses and civil society. The Institute receives an annual grant-in-aid from the Department of Public Expenditure and Reform to support the scientific and public interest elements of the Institute's activities; the grant accounted for an average of 30 per cent of the Institute's income over the lifetime of the last Research Strategy. The remaining funding comes from research programmes supported by government departments and agencies, public bodies and competitive research programmes.Further information is available at www.esri.ie.

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Section: Figure 34 European Central Bank Deposit Facility Rate (%) 20...mentioning

confidence: 99%

The National Development Plan in 2023: priorities and capacity

Curtis

2024

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“…Lastly, energy security and costs are also challenged by complex geopolitical concerns and uncertainty due to Russia’s invasion of Ukraine. The combined effect from these challenges is to add immediate costs to CFM operations categorised as increased raw material input costs, increased logistics costs both in transport and administration and increased energy costs (McQuinn et al , 2022). To remain competitive, compound feed manufacturers must protect their customer value by applying improvement methodologies with the objective of reducing costs and lead times to mitigate the impact of external pressures.…”

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confidence: 99%

Implementing a customised Lean Six Sigma methodology at a compound animal feed manufacturer in Ireland

Trubetskaya

McDermott

Brophy

2023

IJLSS

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Purpose This study aims to propose a tailored Lean Six Sigma framework providing an accessible Lean Six Sigma methodology for compound feed manufacturers with the aim of mitigating rising costs and increasingly complex demands from customers. Design/methodology/approach A Lean Six Sigma framework was designed combining Lean value stream mapping and Six Sigma structured problem-solving with a case study in an Irish compound feed manufacturer. Findings The study found that the Lean Six Sigma implementation framework provided a simplified approach, which fitted the resource availability within compound feed manufacturing. Research limitations/implications The study is limited by the constraints of a sole case study in providing empirical evidence of the effectiveness of the framework. Nevertheless, a conceptual Lean Six Sigma model is proposed, which will assist compound feed manufacturers implementing a continuous improvement approach. Originality/value This paper proposes a simplified approach to the implementation of Lean Six Sigma in agricultural compound feed manufacturers and in small and medium-sized organisations. This is the first such study in Ireland and will add to the body of work on Lean in agriculture and aid other agri-businesses and compound feed manufacturers in understanding how Lean Six Sigma can benefit.

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Quarterly Economic Commentary, Winter 2022

Abstract: A subscription to the Quarterly Economic Commentary costs €327 per year, including VAT and postage.

Cited by 2 publications

References 14 publications

The National Development Plan in 2023: priorities and capacity

The National Development Plan in 2023: priorities and capacity

Implementing a customised Lean Six Sigma methodology at a compound animal feed manufacturer in Ireland

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