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- Supply Chain Collaboration Checkup
- Collaboration can eliminate inefficiencies for all parties, but collaborative planning and execution among trading partners is daunting. Short-term projects can be a realistic route to prepare for more strategic collaboration efforts. Through collaboration, buyers and sellers can simultaneously eliminate inefficiencies from their supply chains. But given the growing complexities of...
- White papers 2005-08-17
- A Recursive Thick Frontier Approach To Estimating Production Efficiency
- We introduce a new panel data estimation technique for cost and production functions: the Recursive Thick Frontier Approach (RTFA). RTFA has two advantages over existing thick frontier methods. First, technical inefficiency is allowed to be dependent on the explanatory variables of the frontier model. Secondly, no distributional assumptions are imposed...
- White papers 2005-03-01
- Default Swap Faults
- From the executive summary: ‘It is no secret that banks' use of credit default swaps relies on inefficiency in markets. The inefficiency is defined as asymmetric information, which arises whenever a buyer or seller has more information about a product or service than his counterpart does, which can provide the...
- White papers 2004-10-01
- Modeling Of Supplier-Customer Relations In Supply Chains
- In the paper we analyze supplier-customer relations in supply chains. Information asymmetry is one of the most powerful sources of inefficiency. Information technology has lead to communication, coordination and cooperation among units in supply chains. Building of different types of strategic partnerships and different type of contracts among participants can...
- White papers 2004-05-20
- Tracking Efficiency
- The progress of manufacturers in achieving supply chain inefficiencies is similar, in some respects, to evolution as it occurs in the animal kingdom. Some crawl along and get eaten alive by their competitors. With the proper investments, process improvements and technology, it's possible to remove inefficiencies from the manufacturing supply...
- White papers 2002-12-01
- Dynamic Processes of Social and Economic Interactions: On the Persistence of Inefficiencies
- This paper considers the efficiency and convergence properties of dynamic processes of social and economic interactions such as exchange economies, multilateral negotiations, merger and divestiture transactions, or legislative bargaining. The key general feature of the economy is that agents can implement any move from one state to another as long...
- White papers 2001-01-01
Additional Resources
- Creating Supply Chain Value With Cycle Time and Inventory Yield
- A supply chain is not a series of links forged together for a common purpose. That is a nice image. However it minimizes the reality of the chain and how each link in that chain must design its own logistics process to function within the chain. As a result, there...
- White papers
- Regulation And Measuring Cost Efficiency With Panel Data Models
- This paper examines the application of different parametric methods to measure cost efficiency of electricity distribution utilities. The cost frontier model is estimated using four methods: Displaced Ordinary Least Squares, Fixed Effects, Random Effects and Maximum Likelihood Estimation. Different specifications are compared with regards to the estimation of cost frontier...
- White papers 2003-01-01
- Time Management on the Fly
- There will always be more things to do than there is time to do them. That's where prioritizing and time management skills come into play. Without these skills, each individual just moves from one thing to another at random, without direction or purpose. That leads to important tasks that may...
- White papers 2006-07-03
- The Small Farm Revolution
- American agriculture is in crisis. Until recently, the crisis had been a quiet one. No one wanted to talk about it. Thousands of farm families were being forced off the land, but people were being told by the agricultural establishment that their exodus was inevitable - in fact, was a...
- White papers 2002-01-03
- Importance Of Logistics And Supply Chain Management
- There can be various reasons for supply chain inefficiency such as inventories are out of balance, inventory does not turn as fast as more sophisticated competitors, promotions cannot be executed efficiently or lack of historical data prevents identification of consumer trends. Refer the article to know the various steps and...
- White papers 2003-03-01
- A New Era for Content: Protection, Potential, and Profit in the Digital World
- The authors' believe that many companies could be more profitable if they collected money left on the table through inefficiency and opportunities not taken and if they invested those funds in solutions, such as DRM, that prevent further revenue leakage via piracy. The purpose of this paper is to accelerate...
- White papers 2003-10-03
- How Does Your Call Center Grow?
- People tend to focus on local concerns instead of the global process needs of customers. Sub-processes evolve within departments without consideration of other functional areas. Layers of communications and management are created to ensure desired outcomes, thereby adding to costs and lengthening cycle and customer response times. Subsequently, inefficiency and...
- White papers 2001-07-01
- Business Process Management: How to Orchestrate Your Business
- Companies used to coordinate activities through the company manually. This resulted in inefficiency and errors in the operational process and often led to difficulties in improving the process itself. Organizations are increasingly focusing on the implementation of Business Process Management (BPM) solutions for the purpose of improving functional efficiency and...
- White papers 2005-07-09
- Corrective Services Industries Review Of Competitive Issues And Production inefficiency In Correctional Industries
- Correctional industries have several major functions, including assistance in inmate rehabilitation and to assist in reducing the cost of prison operations. This paper reviews only one aspect of correctional industries, namely the productivity of correctional industries, and the comparison of that productivity to the productivity of equivalent industries in the...
- White papers 2007-01-15
- Making SPC work
- Making statistical process control (SPC) work is a lot easier than we think. When it does work, it is a powerful tool for identifying process change that can be responsible for lost production, manufacturing inefficiency, dissatisfied customers and above all high production costs. But at first we have to get...
- White papers 2000-03-01
- Capital Ideas: Cashing In On Currency
- From the executive summary: ‘The inefficiency of currency markets is said to stem from the disparate motives of the various market players. In those markets, for instance, there are corporations trading goods, tourist spending money abroad, investors seeking international exposure, and central bankers hatching monetary policy. There are few other...
- White papers 2005-02-17
- What Drives Supply Chain Behavior?
- To err is human, but most research on supply chain management doesn't take psychological, functional, incentive-related, and other biases into account. The authors have devised their latest research to learn how such behavioral dynamics can affect the making of forecasts as well as decisions about inventory. According to the authors...
- White papers 2004-06-07
- Disorganization Due to Forbearance of Debt Restructuring
- This paper proposes a simple model of persistent stagnation due to the forbearance of restructuring corporate-debt overhang (Debt Forbearance). The purpose of this model is to explain the disappointing performance of the Japanese economy in the 1990s, and to point out the macroeconomic inefficiency possibly caused by the forbearance of...
- White papers 2001-03-22
- Anomalies and Market Efficiency
- Anomalies are empirical results that seem to be inconsistent with maintained theories of asset-pricing behavior. They indicate either market inefficiency (profit opportunities) or inadequacies in the underlying asset-pricing model. After they are documented and analyzed in the academic literature, anomalies often seem to disappear, reverse, or attenuate. This raises the...
- White papers 2003-06-04
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