Impact of fracking fluid on Karoo plants based on field and greenhouse experiments
- Authors: Liddell, Duncan Carlyle
- Date: 2020
- Subjects: Plants -- South Africa -- Little Karoo , Desert ecology -- South Africa Great Karoo (South Africa)
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10948/49125 , vital:41603
- Description: Fracking fluid has been indicated to be detrimental to vegetation. In forest vegetation the fracking fluid caused ground vegetation to be extensively damaged with high mortality rates and trees showing premature leaf loss following application. A study by Martin (2017) investigated these effects on Karoo vegetation in a greenhouse and found it to increase stress and reduced the growth with some life forms being identified as sensitive. The current study followed on the work of Martin testing additional species in the same greenhouse and applying different treatments of fracking fluid to Karoo vegetation in their habitat. The plants were monitored by measuring their height, photosynthetic efficiency (stress), biomass allocation and the temperature of the sites. The greenhouse plants had increased growth associated with repeated fracking fluid treatments while having variable stress levels with different treatments of the fracking fluid. The farm had mixed results being generally more stressed due to the treatments, the repeated fracking fluid treatments showed greater growth. The farm vegetation was more sensitive due to prolonged drought which is suspected to play a large role in the different response to fracking fluid between the two sites. The several hypotheses based on the finding of Martin (2017) were not supported by the data in this study. However, the application of fracking fluid did affect the tree species as they were found to be sensitive, while the other plant species was generally stressed after the applications. The greenhouse study cannot accurately represent the effects of fracking fluid on the farm vegetation, due to the large difference in the environment thus, more field studies would need to be conducted to determine the effects of fracking fluid.
- Full Text:
- Date Issued: 2020
- Authors: Liddell, Duncan Carlyle
- Date: 2020
- Subjects: Plants -- South Africa -- Little Karoo , Desert ecology -- South Africa Great Karoo (South Africa)
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10948/49125 , vital:41603
- Description: Fracking fluid has been indicated to be detrimental to vegetation. In forest vegetation the fracking fluid caused ground vegetation to be extensively damaged with high mortality rates and trees showing premature leaf loss following application. A study by Martin (2017) investigated these effects on Karoo vegetation in a greenhouse and found it to increase stress and reduced the growth with some life forms being identified as sensitive. The current study followed on the work of Martin testing additional species in the same greenhouse and applying different treatments of fracking fluid to Karoo vegetation in their habitat. The plants were monitored by measuring their height, photosynthetic efficiency (stress), biomass allocation and the temperature of the sites. The greenhouse plants had increased growth associated with repeated fracking fluid treatments while having variable stress levels with different treatments of the fracking fluid. The farm had mixed results being generally more stressed due to the treatments, the repeated fracking fluid treatments showed greater growth. The farm vegetation was more sensitive due to prolonged drought which is suspected to play a large role in the different response to fracking fluid between the two sites. The several hypotheses based on the finding of Martin (2017) were not supported by the data in this study. However, the application of fracking fluid did affect the tree species as they were found to be sensitive, while the other plant species was generally stressed after the applications. The greenhouse study cannot accurately represent the effects of fracking fluid on the farm vegetation, due to the large difference in the environment thus, more field studies would need to be conducted to determine the effects of fracking fluid.
- Full Text:
- Date Issued: 2020
Influence of Tamarix species on soil physicochemical properties and mapping its distribution and density using GIS in Western Cape, South Africa
- Authors: Mlahlwa, Asiphe
- Date: 2020
- Subjects: Tamarisks
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10353/18588 , vital:42611
- Description: Tamarix ramosissima invasion is unarguably one of the worst ecological disasters in South Africa and is classified under category 1b by the National Environmental Management: Biodiversity Act 2014 (NEM: BA). The exotic Tamarix species was introduced in South Africa during the early 1900s as an ornamental or phytoremediating plant. This study was conducted to assess Tamarix distribution and evaluate its impact on soil physicochemical properties in two sites at Leeu River and Olifant River in Western Cape, South Africa. Samples were collected from Leeu River (which consists both the exotic and native Tamarix species) and Olifant River (only exotic Tamarix species). Three transects were laid from the water point outwards, with exotic Tamarix invading the river bank (first transect), the control on the open land (second transect) and the native Tamarix at the far end of the study site (third transect) in Leeu River. In Olifant, transects were laid according to the degree of invasion, low Tamarix density transect was referred to as T1, the medium as T2 and the high density as T3. Soil samples from each transect were taken from three points, at three soil depths (0-10, 10-20 and 20-30 cm) during winter and summer. Soil physiochemical properties such as soil pH, electro-conductivity (EC), total nitrogen (TN), total carbon (TC), soil organic carbon (SOC), sodium (Na+ ), potassium (K+ ), Calcium (Ca2+), Magnesium (Mg2+), bulk density, soil texture and sodium adsorption ratio (SAR) were determined. Soil chemicals properties including EC, Na+ , SAR, K+ and Mg2+ were found significantly higher under the native and the exotic Tamarix species when compared to Tamarix free soils. In general, salinity of surface soils (0–10 cm) was greater than those in the deeper soils with 5.05 mS/cm and 4.73 mS/cm observed under exotic and native Tamarix species, respectively. High levels of EC, K+ , Ca2+, Na+ , SAR, TN, TC and SOC were observed under T3, followed by T2 with the lowest being recorded in T1 at 0-10 cm. Unlike the soil EC, the effect of Tamarix density on soil pH at 0-10 cm soil profile was not significant. Alterations of soil physicochemical properties were more pronounced under the high Tamarix density as compared to the low invasion. Increased in distance from the river was related to a higher density of the invasive species and also topography had a major role in the change of species density. An increase in Tamarix density, results in high leaf litter which in turn results in salinity and soil nutrient at 0-10 cm. Soil salinity was dramatically increased under Tamarix species. Tamarix species are capable of altering the soil properties making it conducive for their growth.
- Full Text:
- Date Issued: 2020
- Authors: Mlahlwa, Asiphe
- Date: 2020
- Subjects: Tamarisks
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10353/18588 , vital:42611
- Description: Tamarix ramosissima invasion is unarguably one of the worst ecological disasters in South Africa and is classified under category 1b by the National Environmental Management: Biodiversity Act 2014 (NEM: BA). The exotic Tamarix species was introduced in South Africa during the early 1900s as an ornamental or phytoremediating plant. This study was conducted to assess Tamarix distribution and evaluate its impact on soil physicochemical properties in two sites at Leeu River and Olifant River in Western Cape, South Africa. Samples were collected from Leeu River (which consists both the exotic and native Tamarix species) and Olifant River (only exotic Tamarix species). Three transects were laid from the water point outwards, with exotic Tamarix invading the river bank (first transect), the control on the open land (second transect) and the native Tamarix at the far end of the study site (third transect) in Leeu River. In Olifant, transects were laid according to the degree of invasion, low Tamarix density transect was referred to as T1, the medium as T2 and the high density as T3. Soil samples from each transect were taken from three points, at three soil depths (0-10, 10-20 and 20-30 cm) during winter and summer. Soil physiochemical properties such as soil pH, electro-conductivity (EC), total nitrogen (TN), total carbon (TC), soil organic carbon (SOC), sodium (Na+ ), potassium (K+ ), Calcium (Ca2+), Magnesium (Mg2+), bulk density, soil texture and sodium adsorption ratio (SAR) were determined. Soil chemicals properties including EC, Na+ , SAR, K+ and Mg2+ were found significantly higher under the native and the exotic Tamarix species when compared to Tamarix free soils. In general, salinity of surface soils (0–10 cm) was greater than those in the deeper soils with 5.05 mS/cm and 4.73 mS/cm observed under exotic and native Tamarix species, respectively. High levels of EC, K+ , Ca2+, Na+ , SAR, TN, TC and SOC were observed under T3, followed by T2 with the lowest being recorded in T1 at 0-10 cm. Unlike the soil EC, the effect of Tamarix density on soil pH at 0-10 cm soil profile was not significant. Alterations of soil physicochemical properties were more pronounced under the high Tamarix density as compared to the low invasion. Increased in distance from the river was related to a higher density of the invasive species and also topography had a major role in the change of species density. An increase in Tamarix density, results in high leaf litter which in turn results in salinity and soil nutrient at 0-10 cm. Soil salinity was dramatically increased under Tamarix species. Tamarix species are capable of altering the soil properties making it conducive for their growth.
- Full Text:
- Date Issued: 2020
Household socio-economic characteristics and their effect on livelihood strategy preferences in Shawbury, Qumbu
- Authors: Nongalo, Mwezi Bongile
- Date: 2017
- Subjects: Food security -- South Africa -- Eastern Cape Household surveys -- South Africa -- Eastern Cape Sustainable development -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10353/12065 , vital:39132
- Description: At the centre of rural development are household livelihood strategies. The livelihoods of South Africa’s rural African poor have long been characterized by diverse activities, and intertwined with urban opportunities. This study describes the livelihood strategies of rural households, identifies the determinants of these livelihood strategies and seeks to identify the role of preferences and household characteristics in changing livelihood strategies in Shawbury in the small town in Qumbu. It also identifies the relationships between household and individual characteristics and livelihood strategies. A random sampling technique was used to select 100 households in Shawbury. Descriptive analysis techniques were used to describe the characteristics of the households and livelihood strategies and to identify the relationships between household characteristics and livelihood strategy preferences, a multinomial logit regression model was used. The livelihood strategies used for the multinomial logit regression were commercial agricultural production/ production for selling; subsistence agricultural production/ production for consumption; non-farm employment; social grants and remittances. For much of the research available for livelihood strategies, tools such as the sustainable livelihoods framework have been the focus for studying the determinants of livelihood strategies; however, these tools have little to no consideration for the aspirations and preferences of the individuals in question. This study highlights some possible tools that could be used to examine the influence of aspirations and preferences on changing livelihood strategies including the consumer choice framework, the domestic development cycle, the social network framework for decision-making, the social systems approach and conjoint analysis. For this study, the actual preferences of livelihood strategies among the households are presented using conjoint analysis. This study finds that households in the same area have different characteristics and that livelihood strategies of Shawbury’s households are primarily non- farm, that include dependency on remittances, social grants and formal employment. It finds that households that generate income from wage employment (non-farm) and farm activities are better off than other households. Analysis of the characteristics of rural households also revealed that age, labour endowment, education, and land size holding are some of the barriers that poor households in rural areas face when attempting to enter into high-return livelihood strategies. The multinomial logit regression model has helped to identify some of the factors that influence the preference of certain livelihood strategies by households, are gender of the household head, age of the household head, size of the land owned, and educational level of the household head, household size, and livestock value. This analysis presents evidence about the relationship between household characteristics contributing to the adoption of certain livelihood strategies by people of Shawbury. The conjoint analysis has helped to identify that the most preferred to the least preferred livelihood activities are non-farm labour activities, crop production, animal production, contact with family/leisure and other natural resource based activities respectively.
- Full Text:
- Date Issued: 2017
- Authors: Nongalo, Mwezi Bongile
- Date: 2017
- Subjects: Food security -- South Africa -- Eastern Cape Household surveys -- South Africa -- Eastern Cape Sustainable development -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10353/12065 , vital:39132
- Description: At the centre of rural development are household livelihood strategies. The livelihoods of South Africa’s rural African poor have long been characterized by diverse activities, and intertwined with urban opportunities. This study describes the livelihood strategies of rural households, identifies the determinants of these livelihood strategies and seeks to identify the role of preferences and household characteristics in changing livelihood strategies in Shawbury in the small town in Qumbu. It also identifies the relationships between household and individual characteristics and livelihood strategies. A random sampling technique was used to select 100 households in Shawbury. Descriptive analysis techniques were used to describe the characteristics of the households and livelihood strategies and to identify the relationships between household characteristics and livelihood strategy preferences, a multinomial logit regression model was used. The livelihood strategies used for the multinomial logit regression were commercial agricultural production/ production for selling; subsistence agricultural production/ production for consumption; non-farm employment; social grants and remittances. For much of the research available for livelihood strategies, tools such as the sustainable livelihoods framework have been the focus for studying the determinants of livelihood strategies; however, these tools have little to no consideration for the aspirations and preferences of the individuals in question. This study highlights some possible tools that could be used to examine the influence of aspirations and preferences on changing livelihood strategies including the consumer choice framework, the domestic development cycle, the social network framework for decision-making, the social systems approach and conjoint analysis. For this study, the actual preferences of livelihood strategies among the households are presented using conjoint analysis. This study finds that households in the same area have different characteristics and that livelihood strategies of Shawbury’s households are primarily non- farm, that include dependency on remittances, social grants and formal employment. It finds that households that generate income from wage employment (non-farm) and farm activities are better off than other households. Analysis of the characteristics of rural households also revealed that age, labour endowment, education, and land size holding are some of the barriers that poor households in rural areas face when attempting to enter into high-return livelihood strategies. The multinomial logit regression model has helped to identify some of the factors that influence the preference of certain livelihood strategies by households, are gender of the household head, age of the household head, size of the land owned, and educational level of the household head, household size, and livestock value. This analysis presents evidence about the relationship between household characteristics contributing to the adoption of certain livelihood strategies by people of Shawbury. The conjoint analysis has helped to identify that the most preferred to the least preferred livelihood activities are non-farm labour activities, crop production, animal production, contact with family/leisure and other natural resource based activities respectively.
- Full Text:
- Date Issued: 2017
Household socio-economic characteristics and their effect on livelihood strategy preferences in Shawbury, Qumbu
- Authors: Nongalo, Mwezi Bongile
- Date: 2017
- Subjects: Food security -- South Africa -- Eastern Cape Household surveys -- South Africa -- Eastern Cape Rural development -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10353/12150 , vital:39175
- Description: At the centre of rural development are household livelihood strategies. The livelihoods of South Africa’s rural African poor have long been characterized by diverse activities, and intertwined with urban opportunities. This study describes the livelihood strategies of rural households, identifies the determinants of these livelihood strategies and seeks to identify the role of preferences and household characteristics in changing livelihood strategies in Shawbury in the small town in Qumbu. It also identifies the relationships between household and individual characteristics and livelihood strategies. A random sampling technique was used to select 100 households in Shawbury. Descriptive analysis techniques were used to describe the characteristics of the households and livelihood strategies and to identify the relationships between household characteristics and livelihood strategy preferences, a multinomial logit regression model was used. The livelihood strategies used for the multinomial logit regression were commercial agricultural production/ production for selling; subsistence agricultural production/ production for consumption; non-farm employment; social grants and remittances. For much of the research available for livelihood strategies, tools such as the sustainable livelihoods framework have been the focus for studying the determinants of livelihood strategies; however these tools have little to no consideration for the aspirations and preferences of the individuals in question. This study highlights some possible tools that could be used to examine the influence of aspirations and preferences on changing livelihood strategies including the consumer choice framework, the domestic development cycle, the social network framework for decision making, the social systems approach and conjoint analysis. For this study, the actual preferences of livelihood strategies among the households are presented using conjoint analysis. This study finds that households in the same area have different characteristics and that livelihood strategies of Shawbury’s households are primarily non- farm, that include dependency on remittances, social grants and formal employment. It finds that households that generate income from wage employment (non-farm) and farm activities are better off than other households. Analysis of the characteristics of rural households also revealed that age, labour endowment, education, and land size holding are some of the barriers that poor households in rural areas face when attempting to enter into high-return livelihood strategies. The multinomial logit regression model has helped to identify some of the factors that influence the preference of certain livelihood strategies by households, are gender of the household head, age of the household head, size of the land owned, and educational level of the household head, household size, and livestock value. This analysis presents evidence about the relationship between household characteristics contributing to the adoption of certain livelihood strategies by people of Shawbury. The conjoint analysis has helped to identify that the most preferred to the least preferred livelihood activities are non-farm labour activities, crop production, animal production, contact with family/leisure and other natural resource based activities respectively.
- Full Text:
- Date Issued: 2017
- Authors: Nongalo, Mwezi Bongile
- Date: 2017
- Subjects: Food security -- South Africa -- Eastern Cape Household surveys -- South Africa -- Eastern Cape Rural development -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10353/12150 , vital:39175
- Description: At the centre of rural development are household livelihood strategies. The livelihoods of South Africa’s rural African poor have long been characterized by diverse activities, and intertwined with urban opportunities. This study describes the livelihood strategies of rural households, identifies the determinants of these livelihood strategies and seeks to identify the role of preferences and household characteristics in changing livelihood strategies in Shawbury in the small town in Qumbu. It also identifies the relationships between household and individual characteristics and livelihood strategies. A random sampling technique was used to select 100 households in Shawbury. Descriptive analysis techniques were used to describe the characteristics of the households and livelihood strategies and to identify the relationships between household characteristics and livelihood strategy preferences, a multinomial logit regression model was used. The livelihood strategies used for the multinomial logit regression were commercial agricultural production/ production for selling; subsistence agricultural production/ production for consumption; non-farm employment; social grants and remittances. For much of the research available for livelihood strategies, tools such as the sustainable livelihoods framework have been the focus for studying the determinants of livelihood strategies; however these tools have little to no consideration for the aspirations and preferences of the individuals in question. This study highlights some possible tools that could be used to examine the influence of aspirations and preferences on changing livelihood strategies including the consumer choice framework, the domestic development cycle, the social network framework for decision making, the social systems approach and conjoint analysis. For this study, the actual preferences of livelihood strategies among the households are presented using conjoint analysis. This study finds that households in the same area have different characteristics and that livelihood strategies of Shawbury’s households are primarily non- farm, that include dependency on remittances, social grants and formal employment. It finds that households that generate income from wage employment (non-farm) and farm activities are better off than other households. Analysis of the characteristics of rural households also revealed that age, labour endowment, education, and land size holding are some of the barriers that poor households in rural areas face when attempting to enter into high-return livelihood strategies. The multinomial logit regression model has helped to identify some of the factors that influence the preference of certain livelihood strategies by households, are gender of the household head, age of the household head, size of the land owned, and educational level of the household head, household size, and livestock value. This analysis presents evidence about the relationship between household characteristics contributing to the adoption of certain livelihood strategies by people of Shawbury. The conjoint analysis has helped to identify that the most preferred to the least preferred livelihood activities are non-farm labour activities, crop production, animal production, contact with family/leisure and other natural resource based activities respectively.
- Full Text:
- Date Issued: 2017
The effect of quantitative feed restriction on growth performance, carcass characteristics and selected meat quality parameters in broiler chickens
- Authors: Velele, Siphelo
- Date: 2017
- Subjects: Broilers (Chickens) Poultry -- Breeding Meat -- Quality
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10353/8888 , vital:33907
- Description: The study investigated the effects of quantitative feed restriction on growth performance, carcass characteristics, internal organs, breast muscle pH and meat colour in broiler chickens. A total of 90, un-sexed, day-old broiler chicks were procured from an accredited supplier and were used for the current trial. For the first 14 days, all birds were brooded in one house and subjected to a uniform day-to-day management. Water was supplied throughout the trial, whereas, feed was only supplied ad libitum between days 1-14 and 29-35 days in feed restricted birds. Feed phases included starter (1-14 days), grower (15-28) and finisher (29-35), respectively. On day 15, birds were randomly allocated to three treatments; each treatment was replicated three times with 10 birds per replicate. The first treatment (T1) group, which acted as control group, was ad libitum feeding for the whole trial duration (1-35 days). For treatments 2 (T2) and 3(T3), 85 percent and 70 percent of the Cobb 500 broiler feed intake standards were applied for a period of 14 days (days 15-28), respectively. Average daily feed intake (ADFI) was determined daily and then average body weight (ABW) was determined weekly. Feed conversion ratio and average daily weight gain was thus computed for each experimental unit (replicate). On day 35, broiler birds were electrically stunned and slaughtered by a sharp knife and then hung for complete bleeding. Data collected included slaughter, carcass, breast, thigh, wing, drumstick, feet, head, spleen, heart, gizzard, intestines (small & large) and liver weights. Breast muscle was further used for the determination of colour (L*, b* and a*), initial (pHi) and ultimate breast pH (pHu) measurements. Although, quantitative feed restriction (T2 & T3) significantly affected growth performance in weeks 3 and 4, birds submitted to T2 performed similar (P>0.05) to control in the final stage, whilst birds in T3 was the poorest (P<0.05). Furthermore, birds subjected to T2 showed no differences of edible carcass portions to the control, however, T3 group showed lower (P<0.05) slaughter and wing weights. Breast ultimate pH values of birds under T2 were similar to control, but birds in T3 had significantly higher (P<0.05) values. Birds under T2 had less (P<0.05) reddish breast meat colour than control at 45 minutes. At 24 hours post-mortem, birds in T3 had lower (P<0.05) lightness values and birds submitted to T2 had higher (P<0.05) yellowness values. Liver weight was significantly lower in birds under T3 and higher (P<0.05) gizzard weights were found in birds subjected to T2. Birds under T2 performed similar to control and were able to compensate for the weight loss when high plane of feed was re-introduced. It can be concluded from the results that restricting 15 percent of feed from Cobb 500 standard feed intake had moderately affected broiler performance. Moreover, restricting 15percent of feed significantly reduced feed intake in broiler chicken.
- Full Text:
- Date Issued: 2017
- Authors: Velele, Siphelo
- Date: 2017
- Subjects: Broilers (Chickens) Poultry -- Breeding Meat -- Quality
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10353/8888 , vital:33907
- Description: The study investigated the effects of quantitative feed restriction on growth performance, carcass characteristics, internal organs, breast muscle pH and meat colour in broiler chickens. A total of 90, un-sexed, day-old broiler chicks were procured from an accredited supplier and were used for the current trial. For the first 14 days, all birds were brooded in one house and subjected to a uniform day-to-day management. Water was supplied throughout the trial, whereas, feed was only supplied ad libitum between days 1-14 and 29-35 days in feed restricted birds. Feed phases included starter (1-14 days), grower (15-28) and finisher (29-35), respectively. On day 15, birds were randomly allocated to three treatments; each treatment was replicated three times with 10 birds per replicate. The first treatment (T1) group, which acted as control group, was ad libitum feeding for the whole trial duration (1-35 days). For treatments 2 (T2) and 3(T3), 85 percent and 70 percent of the Cobb 500 broiler feed intake standards were applied for a period of 14 days (days 15-28), respectively. Average daily feed intake (ADFI) was determined daily and then average body weight (ABW) was determined weekly. Feed conversion ratio and average daily weight gain was thus computed for each experimental unit (replicate). On day 35, broiler birds were electrically stunned and slaughtered by a sharp knife and then hung for complete bleeding. Data collected included slaughter, carcass, breast, thigh, wing, drumstick, feet, head, spleen, heart, gizzard, intestines (small & large) and liver weights. Breast muscle was further used for the determination of colour (L*, b* and a*), initial (pHi) and ultimate breast pH (pHu) measurements. Although, quantitative feed restriction (T2 & T3) significantly affected growth performance in weeks 3 and 4, birds submitted to T2 performed similar (P>0.05) to control in the final stage, whilst birds in T3 was the poorest (P<0.05). Furthermore, birds subjected to T2 showed no differences of edible carcass portions to the control, however, T3 group showed lower (P<0.05) slaughter and wing weights. Breast ultimate pH values of birds under T2 were similar to control, but birds in T3 had significantly higher (P<0.05) values. Birds under T2 had less (P<0.05) reddish breast meat colour than control at 45 minutes. At 24 hours post-mortem, birds in T3 had lower (P<0.05) lightness values and birds submitted to T2 had higher (P<0.05) yellowness values. Liver weight was significantly lower in birds under T3 and higher (P<0.05) gizzard weights were found in birds subjected to T2. Birds under T2 performed similar to control and were able to compensate for the weight loss when high plane of feed was re-introduced. It can be concluded from the results that restricting 15 percent of feed from Cobb 500 standard feed intake had moderately affected broiler performance. Moreover, restricting 15percent of feed significantly reduced feed intake in broiler chicken.
- Full Text:
- Date Issued: 2017
Pricing exotic options using C++
- Authors: Nhongo, Tawuya D R
- Date: 2007
- Subjects: C++ (Computer program language) , Monte Carlo method , Simulation methods , Options (Finance) -- Mathematical models , Pricing -- Mathematical models
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:5577 , http://hdl.handle.net/10962/d1008373 , C++ (Computer program language) , Monte Carlo method , Simulation methods , Options (Finance) -- Mathematical models , Pricing -- Mathematical models
- Description: This document demonstrates the use of the C++ programming language as a simulation tool in the efficient pricing of exotic European options. Extensions to the basic problem of simulation pricing are undertaken including variance reduction by conditional expectation, control and antithetic variates. Ultimately we were able to produce a modularized, easily extend-able program which effectively makes use of Monte Carlo simulation techniques to price lookback, Asian and barrier exotic options. Theories of variance reduction were validated except in cases where we used control variates in combination with the other variance reduction techniques in which case we observed increased variance. Again, the main aim of this half thesis was to produce a C++ program which would produce stable pricings of exotic options.
- Full Text:
- Date Issued: 2007
- Authors: Nhongo, Tawuya D R
- Date: 2007
- Subjects: C++ (Computer program language) , Monte Carlo method , Simulation methods , Options (Finance) -- Mathematical models , Pricing -- Mathematical models
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:5577 , http://hdl.handle.net/10962/d1008373 , C++ (Computer program language) , Monte Carlo method , Simulation methods , Options (Finance) -- Mathematical models , Pricing -- Mathematical models
- Description: This document demonstrates the use of the C++ programming language as a simulation tool in the efficient pricing of exotic European options. Extensions to the basic problem of simulation pricing are undertaken including variance reduction by conditional expectation, control and antithetic variates. Ultimately we were able to produce a modularized, easily extend-able program which effectively makes use of Monte Carlo simulation techniques to price lookback, Asian and barrier exotic options. Theories of variance reduction were validated except in cases where we used control variates in combination with the other variance reduction techniques in which case we observed increased variance. Again, the main aim of this half thesis was to produce a C++ program which would produce stable pricings of exotic options.
- Full Text:
- Date Issued: 2007
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