The publisher developed a dynamic programming DP model of the product development PD process. They conceptualize PD as a sequence of decisions: whether to incorporate a piece of information that just arrived (i.e. became available) or wait longer. This formulation utilized to derive optimal decision rules to determine whether (and...
This paper analyzes how an enforcement mechanism that resembles a court affects firm finance. The court is described by two parameters that correspond to enforcement costs and the amount of creditor/ debtor protection. We provide a theoretical and quantitative characterization of the effect of these enforcement parameters on the contract...
The subcontracting out of production tasks and services is not a new phenomenon, but from the late 1970s, and more especially over the last 15 years, the practice?now frequently referred to as outsourcing?has grown substantially across a range of industries in most industrialized countries.1 Recent surveys undertaken in the United...
One of the goals of procurement is to establish a competitive price while affording the buyer some flexibility in selecting the suppliers to deal with. Reverse auctions do not have this flexibility, because it is the auction rules and not the buyer that determine the winner. In practice, however, hybrid...
Unmanned aerial vehicles UAVs are quickly becoming a part of the National Airspace System NAS as they transition from primarily military and hobbyist applications to mainstream flight applications such as security monitoring, satellite transport, and cargo hauling. Before the full potential of UAV flight in the NAS can be realized,...
Corporate Governance CG framework refers to set of laws, institutions, and practices evolved over time to control and coordinate the business and affairs of an organization. It consists of mechanisms to ensure that management’s actions are consistent with the interests of the stockholders. Organizations, world over, have a definitive responsibility...
The paper explores the question of taking ownership regarding management of bad assets of an organization. There are two avenues for this. The first is to let the banks handle the management of bad assets. Another is to entrust this task to an outside agency. There are many pros and...
Goal is the objective towards which an endeavor is directed. According to a theory, specific and difficult goals lead to higher performance. Organizational goal setting involves specifying certain pre-defined goals and objectives for the employees to accomplish within a specific time period. Setting of goals for individual employees entail several...
One of the most challenging activities in financial accounting is the identification and recognition of different sources of revenue for the organization. There are different methods for assessing the sources of revenue. These methods entail different criteria. The paper examines different methods of revenue recognition using numerical examples.
Intense competition between rival firms marks the external environment of an organization. Competitive advantage is the measure of a firm’s competencies and performance against the factors prevailing in the firm’s external environment. The prime aim of an organization is to clearly differentiate its offering from that of its competitor towards...
Quality is the measure of ‘excellence’ of a product or an organizational process or system. It is measured as the degree of conformance to pre-defined specifications. Total Quality Management TQM is an approach towards maintaining quality of processes and systems in an organization. TQM calls for checking quality at every...
It has been seen that turnover is not always bad. There is an optimal “mix” of experience for this. The firm should lay off for young workers with little investment and also older workers where high productivity is in the past. However, there are some issues relating to this. Some...
From the executive summary: ‘The paper argues that, despite all the appearances of market failure, the recent corporate frauds do not justify a new era of corporate regulation. The fact that the frauds occurred after 70 years of securities regulation shows that more regulation is not the answer to the...
Any program or a training initiative must be assessed thoroughly to ascertain its effects on the participants. The assessment also enables the organization to know whether the program has been able to kind of impact it was supposed to make. The assessment is based on the mission and vision of...
Intense competition between rival firms marks the external environment of an organization. Competitive dynamics involves the moves and counter moves executed by competing firms. To gain competitive advantage, it is imperative for the organization to conduct a competitive analysis wherein the moves and strategies adopted by rival firms are carefully...
This paper provides readers with information on basic insurance principles, how insurers evaluate loss potential for agricultural risks, insight into the underwriting/risk selection process, a look at the recent history of agricultural losses and some suggestions for the future. In fact, the insurance industry is stronger than it has ever...
Investment operations are those business processes concerned with the commitment of University assets to earn revenue and the control and safeguard of these earning assets. The objective and time horizon of a fund will generally determine the appropriate investment program. The University attempts to pool assets wherever possible in order...
BETHESDA, Md. -- The Calvert Social Research Department has submitted the following recommendations regarding action within the Calvert Social Index[R]. If approved, the following recommendations will be effective when the Calvert Social Index Committee convenes its quarterly meeting in June 2008. ADDITIONS: Owens-Illinois, Inc. (NYSE:OI), a...
BOCA RATON, Fla. -- UDS Group, Inc. (PINK SHEETS: UDSG), the leader in Delivery Management Solutions announced today that Steve Jackson; a multi-unit franchisee in Rockford, Illinois is beginning a groundbreaking delivery program. With the rise of fast food delivery, including sandwich delivery, Steve Jackson wants to be on the...
PORTLAND, Ore. -- Microfield Group, Inc. ("Microfield") (OTCBB:MICG) today announced that due to rapid growth, its subsidiary EnergyConnect, Inc. ("ECI") has promoted Bill Munger to Vice President of Participant Operations. Mr. Munger will continue in his current position of Vice President of Human Resources for Microfield and its subsidiaries. Bill...
