This paper presents the challenges at distribution facilities coping with high uncertainties in demand and supply. Then a case is presented to highlight the uncertain distribution environment and to introduce an indicator to measure the nature of problems facing distribution centers. It is shown that there is a need for...
Productivity is a word often used to explain both European export successes in certain sectors on the one hand, and European failure to reach US levels of productivity on the other. Europe is a global leader in a number of (high-technology) products and many countries have achieved and maintained significant...
The study presented in this paper investigates the impact of local management control systems on the functioning of the supply chain. The paper describes two case studies and focuses on how local management control systems, i.e. within the participating organizations, affect the efficiency and effectiveness of the co-operation between the...
The evidence continues to accumulate: cultural factors exercise a considerable impact on public attitudes and behaviors toward the environment and the way the public frames environmental issues (e.g., DUNLAP, GALLUP & GALLUP, 1993a; INGLEHART, 1990, 1995, 1997; KEMPTON, BOSTER & HARTLEY, 1995; STERN, DIETZ & GUAGNANO, 1995, 1998; STERN, DIETZ,...
The main contribution of this paper is twofold: it surveys different types of simulation for supply chain management; and it discusses several methodological issues. These different types of simulation are spreadsheet simulation, system dynamics, discrete-event simulation and business games. Which simulation type should be applied, depends on the type of...
The paper examines the payout policy of UK firms listed on the London Stock Exchange during the 1990s. It complements the existing payout literature studies by analyzing jointly the trends in dividends and share repurchases. The role of share repurchases is increasing, but dividends still constitute a vast proportion of...
The literature on entrepreneurship recognizes a variety of entrepreneurial roles, and the question arises what roles are played when and by whom. In this article, roles are attributed to different stages of innovation and organizational development. A central theme is the relation between discontinuity, in radical innovation exploration, and continuity,...
The authors have presented selected results in experimental economics with relevance for market regulation and derive from them concrete insights that could be interesting for regulating authorities. For those readers that are new to experimental economics, the purposes and advantages of economic experiments are discussed and the experimental double-auction market...
This article studies the influence of cultural, economic, and psychological attitudinal variables on differences in the level of entrepreneurship. It combines data on entrepreneurial and economic variables with data on cultural variables. It considers cross-sectional relationships between the cultural and psychological attitude variables and level of entrepreneurship. The results yield...
Electronic Invoice Presentment and Payment EIPP can assist corporate treasurers in cash management and can be integrated with e-marketplaces and other B2B financial settlement activities. Its interactive approach to dispute resolution and robust payment options are critical if corporate financiers are to secure the advantages of B2B marketplaces and Straight...
The paper makes an attempt to look into the question how competitive pressure would impact upon the income distribution and poverty of household groups through the change in productivity-efficiency in the economy using an input-output analysis in a general equilibrium framework. Three sources of growth are considered: efficient utilization of...
This article introduces Collector Managed Inventory CMI as the reverse logistics counter part of Vendor Managed Inventory VMI. The collection company takes responsibility for the inventories of cores or materials to be recycled. Experience in forward supply chain management has shown the potential of VMI by bringing the coordination of...
This report uses a Computable General Equilibrium model to simulate the effects of an Environmental Tax Reform in a regional economy. The reform involves imposing a tax on CO2 or SO2 emissions and reducing either the Income Tax or the payroll tax of employers to Social Security, and eventually keeping...
This paper explores both incremental and relative value relevance of various dirty surplus accounting flows for Dutch listed firms. It finds evidence that dirty surplus goodwill write-offs in particular are relevant in explaining returns and that the clean surplus earnings perform better than the reported earnings over 1-year intervals. Taken...
This paper develops a theory of the life cycle of the firm based on incentive constraints. The optimal sale of the firm is restricted by entrepreneurial moral hazard and a lack of commitment regarding future divestment. This leads to a dynamic inefficiency that causes the entrepreneur to delay and to...
The paper reports the first comprehensive evidence on the occurrence of spatial price discrimination in bank lending. Loan rates decrease in the distance between the firm and the lending bank and increase similarly in the distance between the firm and competing banks. Both effects are statistically significant and economically relevant,...
The equity premium puzzle shows that using standard parameters and setup, the Consumption-based Capital Asset Pricing Model's (CCAPM's) prediction of the premium associated with systematic risk is out by an order of magnitude. The object of this paper is to consider the implications of each of the broad classes of...
This paper presents the use and extension of a geometrical-based algorithmic approach for determining the expected S/R machine cycle times, and therefore warehouse throughput, for class-based storage assignment layouts in an AS/RS. The approach was designed for the purpose of solving a practical storage assignment design problem for a major...
Should one think of zero nominal interest rates as an undesirable liquidity trap or as the desirable Friedman rule? This paper uses three different frameworks to discuss this issue. It restate Cole and Kocherlakota's (1998) analysis of Friedman's rule: short run increases in the money stock - whether through issuing...
This article explores the incentives countries face in trade litigation within the new WTO Dispute Settlement System. The analysis yields a number of interesting predictions. First, because sanctions are ruled out during the litigation process, the Dispute Settlement System does not preclude all new trade restrictions. Second, the system's appellate...
