{"title":"The Study of Selecting Target Companies Based on the Theory of Information Searching","authors":"Xiao Zhen-hong, Wang Zhe","doi":"10.1109/ICMSE.2006.313962","DOIUrl":"https://doi.org/10.1109/ICMSE.2006.313962","url":null,"abstract":"As a way of rearranging social economic resources, M&A (Merger and Acquisition) has been applied widely in corporate operating. It is assumed that the buyer has found a satisfied target company in past researches, but this assumption is not correspond with reality. Because of this reason, researches on searching and screening target companies are less, searching target companies with modern search theory is lack. In order to solve the realistic problems of selecting target companies in the process of M&A, the paper gives a search model of target companies to decide the best searching number by using the tool of search theory and Stigler decision method. And, the paper applies a decision model of multi-objective to look for satisfied target companies, which may be helpful to choose the best target companies of M&A more scientifically","PeriodicalId":115488,"journal":{"name":"2006 International Conference on Management Science and Engineering","volume":"88 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122695624","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Spillover Effects of FDI on the R&D Capacity of Domestic Firms: The Case of China","authors":"Guan Jian-cheng, Hou Run-xiu","doi":"10.1109/ICMSE.2006.314199","DOIUrl":"https://doi.org/10.1109/ICMSE.2006.314199","url":null,"abstract":"Foreign direct investment (FDI) has a pervasive influence on the industrialization of the developing world. One important reason for attracting inward FDI lies in the fact that host country wants to achieve technology progress through FDI. However, the arguments of whether FDI benefits the host country are still going on in the main stream of literature. We found that most of the studies on spillover effect of FDI carried out from the perspective of labour productivity or total factor productivity. Few studies talked about the topic from the perspective of innovation capability. In this study, by using the panel provincial data of Chinese large and medium sized industrial enterprises from 1998 to 2003, we empirically examined impact of FDI on the R&D capacity of Chinese domestic firms. Using the panel approach, we observe strong and positive spillovers of FDI both in fixed effect and random effect models. The foreign presence does have positive effect on the number of patent applications of the domestic firms. In addition, evidence also indicates that FDI-related firms are in an inferior position comparing with their local counterparts in terms of aggregate domestic patent applications while they do show advantages in R&D capacities if we match the patent applications with the S&T personnel","PeriodicalId":115488,"journal":{"name":"2006 International Conference on Management Science and Engineering","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122718015","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Control Model of Bank Credit Risks Based on Commercial Age of Enterprise","authors":"Ha-Na Min, Zhuang Xin-tian","doi":"10.1109/ICMSE.2006.314033","DOIUrl":"https://doi.org/10.1109/ICMSE.2006.314033","url":null,"abstract":"We study how does the commercial bank control the credit risk problem in the face of supervision of the laws and regulations and risks of the enterprise. We give the two-stage optimization models of the bank asset-liability structure and credit risk control. Taking bondage at the laws, regulations and administration rules of the bank and taking the objective at the maximization of surplus of assets, the first stage model gives the best proportional configuration of the assets arrangement. The second stage model gives the control model of credit risks taking the bondage at the survivor function based on the commercial age of enterprise and assets structure. Using loan risk degree to estimate risk distribution parameter, the risks of enterprise are joined to loan way to reflect the practical risk state of loan. According to the actual conditions of a bank asset-liability management, the calculation case is given","PeriodicalId":115488,"journal":{"name":"2006 International Conference on Management Science and Engineering","volume":"201 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122830838","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Study on Apportionment of Construction Cost for a Transregional Public Project","authors":"Liu Wei, Bai Jing-tao, Liu Yu-feng","doi":"10.1109/ICMSE.2006.314160","DOIUrl":"https://doi.org/10.1109/ICMSE.2006.314160","url":null,"abstract":"A transregional public engineering project, such as waterway construction, is generally characterized by its public goods, requires a large amount of capital to fund and is difficult to raise money for the project if it going to be constructed in a developing area. So regional or provincial governments which benefited from the project should act on their own initiative to become active participators. But due to the diversity in interests, local governments tend to shirk their responsibility to construct with an excuse that the project is so-called \"transregional\" and \"public\". Therefore, the key concern of such a project now lies in a right approach to apportioning cost among various parties. We need a more comprehensive one of apportionment because the participators in a cooperative project tend to choose their most favorable methods that will lead to disputes over their choices. This paper discusses the general principles of apportioning financial cost for the construction of transregional public project, reviews different apportioning methods, on the basis of game theory, puts forward a synthetical approach of financial cost apportioning which integrates the cooperative strategy with multi-goals programming and is in line with fairness, effectiveness and take the local economic situation and the benefits of the project into consideration at the same time, and finally verifies the approach by a real project as an example to show this approach effective and valuable","PeriodicalId":115488,"journal":{"name":"2006 International Conference on Management Science and Engineering","volume":"223 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122899891","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Anexplanation of the Regulation Failure in the Taxicab Industry - Tested on the Case of the Taxi Regulation in Beijing","authors":"Shuai Xiao-shan","doi":"10.1109/ICMSE.2006.314157","DOIUrl":"https://doi.org/10.1109/ICMSE.2006.314157","url":null,"abstract":"It is unsuccessful to regulate the whole taxi industry in Beijing, one of the evidences is the large difference between the result and objective. This article analyses the difference from the appearance and evolution of the regulation, and explain the reasons of regulation failure","PeriodicalId":115488,"journal":{"name":"2006 International Conference on Management Science and Engineering","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128122589","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"RMB Yield Curve Estimation Based on Indirect Bootstrap Method","authors":"Liu Xun-yi, Y. Bo","doi":"10.1109/ICMSE.2006.314052","DOIUrl":"https://doi.org/10.1109/ICMSE.2006.314052","url":null,"abstract":"The asset & liability management (ALM) and funds transfer price (FTP) are key tools for commercial bank in capital market competence ALM and FTP need a reasonable and veracious yield curve to measure risks and compute fund cost, but now there is not such an RMB yield curve in China, because Chinese bound market is still immaturity and there is few continuous bound price samples. The paper analyzes the existing yield curve methods, improves the bootstrap by quadratic spline function, and then uses the method to estimate a RMB yield curve with Chinese treasury bond market data. It proposes the method of building an RMB yield curve for Chinese commercial bank","PeriodicalId":115488,"journal":{"name":"2006 International Conference on Management Science and Engineering","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132659257","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Adding Risk in Measuring Customer Value Using Bivariate Hierarchical Bayesian Approach","authors":"Wang Hai-wei, Jiang Ming-hui, Wang Ya-lin","doi":"10.1109/ICMSE.2006.313869","DOIUrl":"https://doi.org/10.1109/ICMSE.2006.313869","url":null,"abstract":"Hierarchical Bayesian approach to predict changes in individual customer behavior is deemed successful, but often assume that the irrelevance between purchase interval and money. In many situations, this assumption may not be valid. In this paper we proposed bivariate hierarchical Bayesian approach, which allows correlation between them, and can educe conditional probability density function of purchase interval or money. The model is applied to medical instruments sale data to predict customer changes and shows more precise than traditional models. Based on distribution of customer behavior, the concept of customer risk is brought out, including churn risk, decline risk and fluctuating risk, which can be calculated using probability density curve. This value prediction considering risk can be used managerially as a signal for the firm to use some type of intervention to keep that customer","PeriodicalId":115488,"journal":{"name":"2006 International Conference on Management Science and Engineering","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133414443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Framework on High-performance Leadership in Knowledge-based Companies","authors":"Zhang Li, Liu Bao-wei, Tian Ye-zhuang, E. Brian","doi":"10.1109/ICMSE.2006.314227","DOIUrl":"https://doi.org/10.1109/ICMSE.2006.314227","url":null,"abstract":"High-performance companies are a prerequisite for growth in today's knowledge-based economy. High-performance leadership is a critical success factor for companies as much as for any organization. High-performance leadership is synthesis which including skill, behaviors and strategies vision of the leaders. Based on the attributes of high-performance leadership, this study proposes a framework on high-performance leadership in knowledge-based companies. The framework shows that leadership skill, behaviors and strategies vision are the factors of high-performance leadership, they can influence the organization performance through integrating high-performance leadership. While cultural context also play role by effect others factors, it is infiltrative factor","PeriodicalId":115488,"journal":{"name":"2006 International Conference on Management Science and Engineering","volume":"129 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133488294","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Empirical Research on RMB Equilibrium Exchange Rate - Analysis and Forecast Based on Multivariable VAR Model","authors":"Wang Ya-jie, Zhao Xin, Han Jian-guang","doi":"10.1109/ICMSE.2006.314261","DOIUrl":"https://doi.org/10.1109/ICMSE.2006.314261","url":null,"abstract":"Since the implementation of the new mechanism of RMB exchange rate in 2005, its revaluation has been anticipated. The issue of RMB exchange rate still is the focal point of various circles. How much space there is for the revaluation, and how far is it away from the equilibrium level? These questions were explored in this paper through application of the new approach of studying equilibrium exchange rate - the behavior equilibrium exchange rate (BEER) analysis method. Also the RMB's exchange rate level was discussed and the trend of RMB equilibrium exchange rate was forecasted under the pulse function in the VAR model system, and accordingly the corresponding policy proposals were put forward","PeriodicalId":115488,"journal":{"name":"2006 International Conference on Management Science and Engineering","volume":"53 Pt B 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134022229","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Detecting Influential Observations in Generalized DEA Model","authors":"Cui Yu-quan, Ma Li-jie","doi":"10.1109/ICMSE.2006.313876","DOIUrl":"https://doi.org/10.1109/ICMSE.2006.313876","url":null,"abstract":"This paper deals with the problem of detecting influential problems in generalized DEA model. The technique we present here is intended to give a comprehensive description about the measurement of the influence of an extreme efficient DMU on the efficiency of inefficient DMU from several aspects. Since the generalize DEA model contains all kinds of returns-to-scale (RTS) from constant RTS to increasing RTS to decreasing RTS. All of these are discussed under the input-oriented model and the output-oriented model","PeriodicalId":115488,"journal":{"name":"2006 International Conference on Management Science and Engineering","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114369958","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}