{"title":"Two-Period Production Planning and Inventory Control Model with Demand Forecasts Updating","authors":"Ali Cheaitou, C. van Delft, Z. Jemai, Y. Dallery","doi":"10.2139/ssrn.1626263","DOIUrl":"https://doi.org/10.2139/ssrn.1626263","url":null,"abstract":"We develop a stochastic two-period production/inventory planning model, which combines the use of information updating process with the flexibility of different delivery lead-times ordering strategy. Several decision variables are used: two orders are placed at the beginning of the first and second periods respectively and received immediately; another order is placed at the beginning of the first period and received with one period delay. The two different ordering/production modes, with zero and one period delivery lead-time, have different specific costs. The model permits to the retailer to return a certain amount of the available inventory to the supplier at the beginning of each period . Furthermore, a market information permits to update, between successive time periods, the random second period demand probability distribution. Via a dynamic programming approach, we exhibit the structure of the optimal policy, which is partially characterized by threshold levels. Then, via a numerical study, we exhibit the impact of the information quality of the proposed model.","PeriodicalId":290908,"journal":{"name":"ERN: Process (Topic)","volume":"464 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133003097","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":"A Review of Manufacturing Resources Planning Models Under Different Uncertainties: State-of-The-Art and Future Directions","authors":"Md. Abdul Wazed, Shamsuddin Ahmed, Y. Nukman","doi":"10.7166/21-1-63","DOIUrl":"https://doi.org/10.7166/21-1-63","url":null,"abstract":"The main purposes of this paper are to enhance the understanding of manufacturing resources planning models under uncertain conditions by documenting the current state of affairs, and to stimulate a fruitful future research direction by identifying gaps between the relevant issues and the literature available in reputable journals. This paper is a comprehensive and up-to-date review of the existing literature on manufacturing resource planning models under uncertainty. The authors have found that the combined effects/ impacts of the uncertainty factors on the system parameters have yet to be thoroughly studied. So far no research has been conducted into developing mathematical model(s) to study the uncertainty issues holistically in multi-period, multiple product, and multi-stage environments for manufacturing resources planning in association with commonality. OPSOMMING Die primere doel van hierdie artikel is om die insig in vervaardigingshulpbronbeplanning onder onsekerheid te bevorder. Die huidige stand van sake word ondersoek en gapings word uitgewys aan die hand van literatuur beskikbaar in gesaghebbende joernale. Die outeurs bevind in die studie dat die sisteemparameters en die invloed van onsekerheid daarop nog nie voldoende bestudeer is nie. Geen navorsing is nog onderneem om wiskundige modelle te ontwikkel om op holistiese wyse die impak van onsekerheid in multi-periode, veelvoudige produk en multi-stadium omgewing te bestudeer nie.","PeriodicalId":290908,"journal":{"name":"ERN: Process (Topic)","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132438822","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":"Crisis Readiness in Turkey and the United States","authors":"J. Parnell, M. Koseoglu, John E. Spillan","doi":"10.1111/j.1468-5973.2010.00603.x","DOIUrl":"https://doi.org/10.1111/j.1468-5973.2010.00603.x","url":null,"abstract":"Crisis management seeks to minimize the impact that crisis events have on organizations. While the crisis management literature is replete with studies of large organizations in developed countries, little has been written on this subject concerning businesses in emerging nations. This exploratory study investigates the perceptions and experiences of Turkish managers in relation to crisis events. Crisis readiness in Turkey and the United States is compared and contrasted. The results indicate that a majority of these organizations do not have formal crisis management plans. Recommendations are offered and implications for management are presented.","PeriodicalId":290908,"journal":{"name":"ERN: Process (Topic)","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128048000","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":"The Interplay of Organization Type, Organization Size, and Practitioner Role on Perceived Crisis Preparedness: A Cognitive Appraisal Approach","authors":"Yan Jin","doi":"10.1111/j.1468-5973.2009.00595.x","DOIUrl":"https://doi.org/10.1111/j.1468-5973.2009.00595.x","url":null,"abstract":"This study examined the perceived crisis preparedness of a random sample of public relations practitioners in the United States (N=144) as evidenced in their assessment of crisis situation and organizational resources. The main effects of organization size and practitioner role were evident on practitioner's perceived crisis preparedness in different crisis situations. Organization type was found to be effective only when it interplayed with either practitioner role or organization size.","PeriodicalId":290908,"journal":{"name":"ERN: Process (Topic)","volume":"38 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120999683","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":"The Diversification Effect on the Heterogeneity of Investor Beliefs","authors":"An Yan","doi":"10.2139/ssrn.1572167","DOIUrl":"https://doi.org/10.2139/ssrn.1572167","url":null,"abstract":"In the paper, we study the effect of multiple industry operations on the heterogeneity of investor beliefs. In particular, we compare the levels of heterogeneous beliefs between diversified firms and focused firms. We study the change in the level of heterogeneous beliefs subsequent to diversifying and non-diversifying mergers. We also relate the diversification effect on investors' heterogeneous beliefs to the diversification effect on firm value and ex-post stock returns. We document four findings. First, we find that diversification reduces the level of heterogeneous beliefs on a firm's future prospects. Second, the excess level of heterogeneous beliefs on diversified firms relative to focused firms follows a pattern of mean-reverting. Third, the value of diversified firms increases relative to focused firms with an increase in the diversified firms' excess level of heterogeneous beliefs. Finally, we find that a smaller excess heterogeneity of beliefs on diversified firms is followed by an increase in the diversified firm's ex-post excess values and an increase in their ex-post stock returns. Overall, our results contribute to the understanding about how corporate organization structure affects the heterogeneity of investor beliefs and firm values.","PeriodicalId":290908,"journal":{"name":"ERN: Process (Topic)","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116763807","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":"Leadtime-Variety Tradeoff in Product Differentiation","authors":"Aydın Alptekinoğlu, C. Corbett","doi":"10.1287/msom.1090.0286","DOIUrl":"https://doi.org/10.1287/msom.1090.0286","url":null,"abstract":"The literature on mass customization generally focuses on the tradeoff between higher revenues from better matching customer preferences with product specifications, and higher costs of offering a broader---possibly fully customized---product line. Less well understood is the tradeoff between the increased ability to precisely meet customer preferences and the increased leadtime from order placement to delivery often associated with customized products. In this paper, we use a locational customer choice model to formulate a firm's integrated product line design problem that involves variety, leadtime (or inventory), and pricing decisions. We propose a dynamic programming based solution procedure that amounts to solving a shortest path problem on an acyclic network, and derive some structural results on the optimal product line design. We find that unimodal preferences generally result in hybrid product lines, with standard products clustering around the mode and custom products covering the tails, in contrast with the all-custom or all-standard product lines that are optimal under uniform preferences. We also numerically examine how the firm should adjust its leadtime and variety in response to changes in parameters such as customer dispersion and operational scale. We find that the tradeoff between leadtime and variety is sometimes nonintuitive and complex.","PeriodicalId":290908,"journal":{"name":"ERN: Process (Topic)","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132034413","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":"Understanding ERP System Implementation in a Hospital by Analysing Stakeholders","authors":"A. Boonstra, M. Govers","doi":"10.1111/j.1468-005X.2009.00227.x","DOIUrl":"https://doi.org/10.1111/j.1468-005X.2009.00227.x","url":null,"abstract":"Implementing enterprise resource planning (ERP) systems requires significant organisational, as well as technical, changes. These will affect stakeholders with varying perspectives and interests in the system. This is particularly the case in health care, as a feature of this sector is that responsibility of services is shared between many autonomous units. In these and similar settings, it is essential to analyse stakeholders and to understand their expectations and attitudes towards the system. Such an understanding will help implementers to address stakeholder interests and to encourage acceptance. Therefore, the purpose of this paper is to develop a theoretically based model to analyse how stakeholder attitudes and behaviours in a hospital setting affect the outcome of ERP implementation. This model is applied in an empirical study of a project to introduce an ERP system in medium-sized hospital in The Netherlands. The study shows how the ERP implementation impacts the interests of stakeholders such as physicians and administrators, which caused tensions. The paper examines the reasons of these tensions. In doing so, it contributes to our understanding of ERP implementation in health care and any other similar sectors from a stakeholder perspective, and it may help implementers to manage this more effectively.","PeriodicalId":290908,"journal":{"name":"ERN: Process (Topic)","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126827224","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}
T. Könnölä, Javier Carrillo‐Hermosilla, Robert P. van der Have
{"title":"System Transition Concepts and Framework for Analysing Energy System Research and Governance","authors":"T. Könnölä, Javier Carrillo‐Hermosilla, Robert P. van der Have","doi":"10.2139/ssrn.1646274","DOIUrl":"https://doi.org/10.2139/ssrn.1646274","url":null,"abstract":"System transitions are complex societal co-evolutionary processes that are typically led by gradual adaptation rather than visionary management or coordination. Still, visionary coordination of policies, regulation, corporate strategies and social learning may overcome some barriers and foster new innovation efforts providing sufficient impetus towards system transition. This paper addresses ‘system transition’ as a valuable perspective and develops a framework for analysing Nordic energy system research and governance. The framework integrates different transitions phases, levels and dimensions and combines them with the governance functions to provide overarching frames for understanding system transitions. The framework for transition research and governance is applied in the analysis of the energy governance cases and discussed in view of energy system transitions. This paper is based on an extensive literature review and empirically based-theory building.","PeriodicalId":290908,"journal":{"name":"ERN: Process (Topic)","volume":"104 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133217972","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":"Customer Value-Based Management: Competitive Implications","authors":"Upender Subramanian, J. Raju, Z. J. Zhang","doi":"10.2139/SSRN.1798806","DOIUrl":"https://doi.org/10.2139/SSRN.1798806","url":null,"abstract":"Many firms today quantify the value of individual customers and serve them differentially; providing better service, prices and other inducements to high value customers. We refer to this practice as Customer Value-based Management (CVM). While previous research and popular press has strongly advocated CVM, firms have often met with mixed results. One possible reason why actual outcomes differ from anticipated results could be that firms often implement CVM in a competitive environment. Our objective is to study CVM explicitly in a competitive setting. We find that while some recommendations and prescriptions from past research continue to apply in a competitive environment, some others do not. For example, we find that one of the benefits of CVM in a competitive setting is that it can discourage the rival from competing intensely, by increasing the rival’s chances of acquiring unprofitable customers. In this context, low-value customers can play an important strategic role by limiting the intensity of rival’s poaching. Consequently, firing low value customers or even increasing their value may prove counter-productive.","PeriodicalId":290908,"journal":{"name":"ERN: Process (Topic)","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124863245","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":"The Financial Action Task Force and the AMLA of the Philippines: Dynamics between Veto Players and a Non-Veto Player in Policymaking","authors":"Bing Baltazar C. Brillo","doi":"10.2139/SSRN.1925324","DOIUrl":"https://doi.org/10.2139/SSRN.1925324","url":null,"abstract":"The article is about the dynamics between an international organization and the institutional actors vis-a-vis the policymaking process. It argues that the Anti-Money Laundering Law (AMLA) was exogenously driven, as the policy was instigated purely by external demand and enacted under external pressure. AMLA is considered an imposition of the Paris-based intergovernmental organization, the Financial Action Task Force (FATF). The swiftness of the enactment of AMLA exemplifies the immense influence that an international financial organization can have on the policy actors as well as on the policymaking process. The policymaking process in this type of institutional engagement — between institutional actors (executive and legislature) within a polity and an international organization — is efficient in producing a policy output. However, the process represents an issue of international override on a state, as a nonveto player dictates to the institutional veto players. This experience supports the global pattern that, in issues associated with global financial standards, policymaking will less be shaped by the institutional actors and will extensively be defined by international actors. The making of AMLA presents an archetype of how international organizations can hold sway over the state.","PeriodicalId":290908,"journal":{"name":"ERN: Process (Topic)","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134588974","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}