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Modelling Oil Palm's Sustainable Management and Practices: A Framework Based On Economic Principles

In recent years, sustainability has emerged as a focal area of cross-disciplinary inquiry and has tended to be problem-driven. These developments are supported by a number of economic theories that include the Neo- Malthusian theory, Kuznet’s Hypothesis and Hardin’s Tragedy of the Commons. Two frame...

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Main Authors: Aikanathan, S., Sasekumar, A., Chenayah, S., Basiron, Y., Sundram, K.
Format: Article
Published: Malaysian Palm Oil Council (MPOC) 2014
Subjects:
Q Science (General)
Online Access:http://eprints.um.edu.my/11691/
http://www.jopeh.com.my/index.php/jopecommon/article/viewFile/79/109
http://dx.doi.org/10.5366/jope.201 4.01
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spelling my.um.eprints.116912015-01-07T09:21:27Z http://eprints.um.edu.my/11691/ Modelling Oil Palm's Sustainable Management and Practices: A Framework Based On Economic Principles Aikanathan, S. Sasekumar, A. Chenayah, S. Basiron, Y. Sundram, K. Q Science (General) In recent years, sustainability has emerged as a focal area of cross-disciplinary inquiry and has tended to be problem-driven. These developments are supported by a number of economic theories that include the Neo- Malthusian theory, Kuznet’s Hypothesis and Hardin’s Tragedy of the Commons. Two frameworks: theoretical and conceptual were created by assessing correlations based on the above mentioned economic theories. Study frameworks were designed and validated as “economy tools’ for quantitative analysis of variables that are deemed important for sustainable management. These frameworks were applied to the palm oil industry and its sustainability challenges. Stakeholders’ perceptions and their management were incorporated in the overall palm oil economic analysis for sustainability management. This paper discusses the various existing economic theories and how each of it relates to sustainability, and the development of sustainable palm oil industry. Two frameworks were designed: the theoretical framework capturing the analysis of the existing economic theories and their relevance to sustainability and the palm oil industry. In the second framework, a conceptual design was developed as a tool depicting linkages to all important parameters that required evaluation, when measuring sustainability. Overall, despite these framework developments and their application, we conclude that sustainability and existing economic theories do not completely resolve the issue of sustainable production with regards to land management or sustainable land development in the agricultural sector. Malaysian Palm Oil Council (MPOC) 2014-03-10 Article PeerReviewed Aikanathan, S. and Sasekumar, A. and Chenayah, S. and Basiron, Y. and Sundram, K. (2014) Modelling Oil Palm's Sustainable Management and Practices: A Framework Based On Economic Principles. Journal of Oil Palm, Environment & Health, 5. pp. 1-7. http://www.jopeh.com.my/index.php/jopecommon/article/viewFile/79/109 http://dx.doi.org/10.5366/jope.201 4.01
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic Q Science (General)
spellingShingle Q Science (General)
Aikanathan, S.
Sasekumar, A.
Chenayah, S.
Basiron, Y.
Sundram, K.
Modelling Oil Palm's Sustainable Management and Practices: A Framework Based On Economic Principles
description In recent years, sustainability has emerged as a focal area of cross-disciplinary inquiry and has tended to be problem-driven. These developments are supported by a number of economic theories that include the Neo- Malthusian theory, Kuznet’s Hypothesis and Hardin’s Tragedy of the Commons. Two frameworks: theoretical and conceptual were created by assessing correlations based on the above mentioned economic theories. Study frameworks were designed and validated as “economy tools’ for quantitative analysis of variables that are deemed important for sustainable management. These frameworks were applied to the palm oil industry and its sustainability challenges. Stakeholders’ perceptions and their management were incorporated in the overall palm oil economic analysis for sustainability management. This paper discusses the various existing economic theories and how each of it relates to sustainability, and the development of sustainable palm oil industry. Two frameworks were designed: the theoretical framework capturing the analysis of the existing economic theories and their relevance to sustainability and the palm oil industry. In the second framework, a conceptual design was developed as a tool depicting linkages to all important parameters that required evaluation, when measuring sustainability. Overall, despite these framework developments and their application, we conclude that sustainability and existing economic theories do not completely resolve the issue of sustainable production with regards to land management or sustainable land development in the agricultural sector.
format Article
author Aikanathan, S.
Sasekumar, A.
Chenayah, S.
Basiron, Y.
Sundram, K.
author_facet Aikanathan, S.
Sasekumar, A.
Chenayah, S.
Basiron, Y.
Sundram, K.
author_sort Aikanathan, S.
title Modelling Oil Palm's Sustainable Management and Practices: A Framework Based On Economic Principles
title_short Modelling Oil Palm's Sustainable Management and Practices: A Framework Based On Economic Principles
title_full Modelling Oil Palm's Sustainable Management and Practices: A Framework Based On Economic Principles
title_fullStr Modelling Oil Palm's Sustainable Management and Practices: A Framework Based On Economic Principles
title_full_unstemmed Modelling Oil Palm's Sustainable Management and Practices: A Framework Based On Economic Principles
title_sort modelling oil palm's sustainable management and practices: a framework based on economic principles
publisher Malaysian Palm Oil Council (MPOC)
publishDate 2014
url http://eprints.um.edu.my/11691/
http://www.jopeh.com.my/index.php/jopecommon/article/viewFile/79/109
http://dx.doi.org/10.5366/jope.201 4.01
_version_ 1643689116789899264
score 13.211869

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