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Implementing management support information systems with the use of outsourcing is the prevalent method of completing this type of project in Poland. Agency theory is one of the significant categories of theories used in the analysis of IT outsourcing. Literature studies indicate a research gap concerning the phenomenon of moral hazard in IT projects consisting in the implementation of management...
This paper presents a case study that explores the impact of a re-engineering project on a Small to Medium Enterprise in the United Kingdom as a means of delivering improved employee performance. In this paper, the link between the actions undertaken my teams of co-workers and the relationship with the environment provided by IT systems is considered. As an organization evolves over an extended period...
Outsourcing services have been one of the strategic measures adopted with regard to directing the focus of a company to its core business. However, companies which try to adopt Information Technology outsourcing have been faced with several threats. Therefore, the purpose of this paper is to show the applicability of an existing risk management model to deal with uncertainties in outsourcing services...
Within the framework of the Energy Recovery Unit of the Technical-Commercial Service of Montevideo, UTE, for the reduction of Non Technical Losses, a research project was carried out jointly with the Institute of Electrical Engineering of UDELAR. The project had the aim of designing different strategies of automatic classification that separate normal consumption measurements from abnormal ones which...
The purpose of this paper is to evaluate the performance of a new multiobjective algorithm called Vector Evaluated Population Based Incremental Learning (VEPBIL). The new algorithm was applied in solving a real world application named Reinsurance Contract Optimization (RCO), which is a multiobjective problem consisting of maximizing two conflicting functions: expected return and risk. The VEPBIL was...
Flexibility and adaptability are major challenges for modern production systems. To realize them integration approaches are required. Within this paper a literature survey on integration approaches and integration approach types is described based on an attempt towards a detailed characterization of both. It is intended to enable an informed decision for research and development directions towards...
In a privacy-aware market a producer may satisfy the demand by end customers either by producing itself the items or by placing the items provided by privacy-aware suppliers at a reduced price. Price-aware suppliers provide a noisy information about their level of stock. Through an option contract the producer may protect itself against the risk of buying also the excess items delivered by privacy-aware...
Facing the current trends in the lifecycles of products and manufacturing systems flexibility and adaptability are of general interest. To make them applicable integration approaches are required. Within this paper an attempt towards the detailed characterization of integration approaches and integration approach types is made based on a literature survey. It is intended to enable an informed decision...
In order to solve the science and technology co-innovation problem of the management mode in organization coordination network of major scientific and technological project (MSTP) based on contract links, we use game theory integrated and establish some model. Then we analyze the product market competition of a given scientific and technological innovation cost and determine the level of scientific...
Protecting enterprise information from employee's misappropriation is a crucial but significantly challenging task for many companies in China. Chinese labor laws provide a set of protection for enterprises together with responsibilities regarding employee's misappropriation. This article suggests that those legal instruments would not be effective unless the appropriate prevention mechanisms have...
Large shareholders' tunneling can affect executive incentive contracts. We divide the executive incentive into explicit compensation and implicit incentive. Data from publicly listed companies in China during 2008–2013 shows that tunneling leads to decline in executive pay-performance sensitivity. In addition, tunneling also leads to significant increases in position-related consumption. The results...
This paper studies the company and the farmers how to make their optimal production and purchases decision in private under the random output and random market demand, studying the optimal results under optimal decision with mutual consideration of the parties in the case of independence. But for companies, only these coordinate farmers' production is not able to fully meet the company's needs, so...
This paper applies the sample of the Chinese listed companies during 2004 to 2010, and tests the effect of managerial power in executive compensation contracts by analyzing the relationship between managerial power and compensation levels. We find that managerial power not only has a significant positive effect on actual compensation, but also plays an important role in the behavior of getting excess...
The relationship between executive compensation and corporate performance is a key subject. This paper reviewed relevant literature at home and abroad and summarized important theoretical and empirical studies based on the view of intrinsicalness. Studies have shown that: there is positive correlation between corporate performance and executive compensation, and executive compensation reacts on corporate...
We propose a retailer's inventory replenishment policy to cooperate with suppliers in a periodic review. The retailer shares an advanced replenishment plan based on demand forecast with the supplier and commits cumulative periodic order quantity of the same planning horizon with advanced replenishment plan within range of a lower and upper percentage of the planned quantity. Using a year sales data...
Pay-how-you-drive (PHYD), which is a driving behavior related premium rate setting method in usage based insurance (UBI), has drawn widespread attention in commercial vehicle insurance as well as internet-of-vehicle (IoV) industry nowadays, for it can not only help insurance companies to fully master the driving information of all insured vehicles, but can help to establish a corresponding premium...
In reverse auction, if a buyer sets quality standard and punishes the suppliers whose product quality doesn't satisfy the quality standard, the low-quality suppliers will quit the bidding process. This will decrease the bidding competition among suppliers and lead to high procurement cost. In order to make bidding competition fierce, buyers often attract some low quality suppliers to enter the auction...
Since the start of the Feed-in Tariff Program in July 2012, the PV market in Japan has been growing and annual installed capacity reached 9 GW level in 2014. Approved capacity of PV systems reached about 70 GW as of the end of November 2014. Because of the large approved number, Kyusyu Electric Power Company started suspension of grid connection contract in September 2014. Totaling 7 utility companies...
This paper proposes an efficient method for designing a contract model of the weather derivatives between energy utilities in Smart Grid. It is well-known that the weather conditions bring a profit decline or the increase of expenses to do damage to sound management. Weather derivatives are useful for solving such a problem. One of the ideas is to use the complementary relationship between electric...
The objective of the paper is to investigate a possible solution for a “marketplace” for day-ahead trade and the role of a Power Exchange (PX) in the Republic of Macedonia. In general, the solution refers to how the market is organized, how roles, responsibilities and functions are distributed between market service providers (e.g. power exchanges, brokers, clearing houses), transmission system operators,...
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