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In order to reveal major factors constraining China's coalmine safety, the principal-agent relationship in China coalmine safety management is analyzed, a multi-task incentive model is constructed by setting different functions of production and safety performance, the coalmine manager's work behavior under optimal incentive contracts is analyzed and some meaningful conclusions are obtained. It is...
This article essentially thinks the western traditional principal-agent theory is a kind of corporate governance theory aimed at the companies with the main character of diversified equity. Obviously it is not fit for being used as the analysis framework of the governance problem of the companies with the main character of the relatively concentrated equity or highly concentrated equity. For that...
In 2008, the world has experienced a financial crisis, which emanated from the core of the world's most advanced capital market, and holds back the global real economy in a short time. Financial product especially product innovations, the key thing for "Masters of the Universe", play an important role in crisis communication, and had caused wide public concern. July 2009, The Obama administration...
This paper is the coordination of two periods' Supply chain with price dependent demand, and a rebate and penalty contact is introduced. Compared Supply chains with quantity flexibility contract and without quantity flexibility contract, it's proved that the quantity flexibility model with rebate and penalty can coordinate and optimize the whole supply chain, and can improve the profits of all sides.
This paper studies the pricing and ordering policy of a two-echelon supply chain with a supplier and a retailer. The retailer has accurate demand information while the supplier does not. The research shows that the uncertainty of the supplier on the demand will lead to a reduction of the supplier's expected profit, which also shows the value of information. Moreover, if the supplier overestimates...
Based on the game theory, the paper discusses the collusion between contractor and supervisor in construction claims. By creating a three-person game model, the paper analyzes the strategies of the entire three partners. There is no pure strategy Nash equilibrium, so they should select their strategies by chance according mixed strategy Nash equilibrium. Furthermore, the paper suggests government...
The design phase is the key to the implementation of construction standards and industrial policies, but the basis of the control of construction project investments to achieve its sustainable development. How to accurately identify, measure, control and manage risk is a focus of risk management to architectural design enterprises. This paper identifies the common risk factors in the design, combined...
Since 2004 changes in the regulatory framework of the Chilean public and electricity sectors have been taken place (19940 law in March 2004). Transparency rules must be following by the market agents in pricing procedures of the electricity market. Consequently, technical, economical, and reliability data of the Chilean power system are available for simulation and optimization purposes. The Chilean...
Negotiation of secure bilateral transactions has become an important issue for better operation, planning and management of competitive electricity markets. In this paper, secure bilateral transactions have been determined with minimum deviations in economic generation schedule and real power losses for hybrid electricity markets. The generation pattern and real and reactive power loss has been obtained...
For an electric power system to meet the demand for electricity depends not only on subsystems of generation, transmission and distribution, but also on the ability to supply primary energy sources such as natural gas, oil and coal. The effects of a contingency in some of the subsystems, including supply networks, can propagate and affect system operations in terms of availability and price. In a...
As part of the paradigm shift in aerospace service contracts, a principal (e.g., an airline) now deals with only one agent (e.g., an aircraft integrator or MRO service provider) - an agent can service any number of contracts. Due to the sporadic nature of unscheduled MRO, these integrators would stipulate a fee based on a detailed cost structure consisting of the amount of spares and effort required...
Under a revenue-sharing contract, the paper probes the main factors that affect the performance of supply chain, analyzes how to maintain the stability of the supply chain system. Considering a supply chain with a manufacturer and a distributor, based on game model, revenue sharing, contribute coefficient, innovation cost are discussed. The results indicate that the optimum effort varies directly...
E-procurement is an effectual purchase mode. XML-based or EDI-based information system can't support the real time and dynamic requirement of e-procurement. The SOA may realize integration of the application procedure crossing platform and enables the information to be sharing in real-time between the related application procedures. This passage takes NH group for example, introduced Web services...
While faced with a variety of project management models, property owners should how to select a suitable project management model to ensure quality, schedule control, and enhance project benefits. In this paper, traditional project management model (Desing-Bid-Bulid) and CM model are individually compared with DB model after these three kinds of project management models are briefly introduced. At...
Returns polices is an effective mechanism in supply chain coordination. However, whether or not it works when participants of the supply chain have their own preferences on the risk is an important research issue. This paper investigates this kind of issue: The retailer faces a risk preference measured by the exponential utility function and the supplier as a Stackelberg leader provides a returns...
In this paper, we treat a supply chain where a retailer stocks up from several subcontractors in order to face a market with fixed demand D. The objective is to help actors, in an asymmetric informational context, to reach agreements and establish fair contracts where each actor is remunerated according to his added-value in the chain. To handle the problem, we have chosen the multiagent paradigm...
In this paper, we first study the performance of a supply chain consisting of one retailer and one supplier. The supplier sets the price scheme of some goods and the retailer then decides the order level and sells the goods in the market. Specifically, a quadratic cost function is assumed here to approximate the U-shape cost curve commonly observed in industries. Two kinds of contracts offered by...
The Chilean electricity regulation introduced in 2008 an obligation to contract 10% of renewable energy, excluding large hydro, in the wholesale market. This paper assesses the impact of that obligation into the market, revises renewable projects that have been submitted for environmental assessment, the actual plants being built and the requirements they are imposing onto the transmission system...
From the perspective of psychological contract, based on analysis of psychological contract formation process model and fixing on the dimensions of psychological contract, construct a support system of dispatched workers' psychological contract. Finally, a psychological contract to maintain two-way dispatch coordination mechanism has been established, so as to provide an effective proposal on maintaining...
This paper proposes a cognitive model of shipping investment expertise by Analytic Hierarchy Process (AHP) approach and judgmental process survey. Assessment of shipping assets is a complicated task includes both financial and technical aspects and requires high degree of expertise particularly for technical evaluation. As a supporting tool, a fuzzy extended AHP structured is designed by collecting...
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