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In this paper, we argue that cost leader supply chain (or Defender SC) has more finance and production related integration; whereas differentiator supply chain (or Prospector supply chain) has more marketing and R & D related supply chain integration. If supply chain members have similar strategies and strategic decision making processes, it leads to better supply chain integration. We also relate...
This paper analyzes the interaction among the costumers and generators in the energy free market and presents a tactic to optimize the interactions benefiting both of them. It is proposed a methodology to choose the contracts that minimizes the risk of energy feeding scheduling non dispatchable sources and a new fuzzy algorithm to predict the costumers demand. The strategy is based on the seasonal...
We consider a pharmaceutical company that sources a biological product from a set of unreliable contract manufacturers. The likelihood of a manufacturer to successfully deliver the product is estimated via logistic regression as a function of the product attributes. The assignment of a product to the right contract manufacturers is of critical importance for the pharmaceutical company, and simulation-based...
This research proposes the use of a Belief Rule-Based (BRB) approach to assess an enterprise's level commitment to environmental issues. Participating companies will have to complete a structured questionnaire. An automated analysis of their responses will determine their environmental responsibility level. This is followed by a recommendation on how to progress to the next level. The recommended...
Many decision problems have more than one objective that need to be dealt with simultaneously. Moreover, because of the qualitative nature of the most of real world problem it is an inevitable activity and very important to interpret and present the uncertain information for making effective decision. The Evidential Reasoning (ER) approach which is one of the latest development within multi criteria...
Nowadays, manufacturing companies are faced with the challenge of meeting heterogeneous customer requirements in short product life cycles with a variety of product functions. So far, some of the functional requirements remain unknown until late stages of the product development. This is mainly caused by an increasing market dynamic in combination with the continuously changing customer expectations...
Schedule nervousness is a change in planned MPS that caused actual operations to be different and that will result in a disruption in the production and distribution system. Uncertainty in demand was proved to be one of its major causes. The airline catering industry is one of the most highly nervousness-sensitive industries since their future demand is not deterministic but rather considered as a...
Firms often take up projects involving new technology, a new genre of products or entirely new markets. Such projects carry inherently higher risk than the normal business operations of the firm and so require a higher return to justify investments in them. Finance theory has no clear guidelines regarding the additional discounting rate or the risk addendum to be used for such risky projects. This...
The relationship between manufacturer and supplier in the automotive industry involves process of knowledge sharing. Knowledge sharing is an important process that may improve manufacturer and supplier performances. In a co-opetition business environment, companies tend to limit knowledge sharing, if they regard their partners as potential competitors. Trust is used to reflect the level of co-opetition...
In many power transmission utility companies in North America, there is a large number of underground transmission circuits that are approaching their physical end-of-life and will require significant refurbishment work or their outright replacement within the next five to ten years. The evaluation and prioritization of these asset renewal projects is a complex task and involves the consideration...
Trust is a widely understood construct utilized across most disciplines. Unlike trust, distrust is less studied and understood. For the last two decades, researchers have been engaged in a discussion - are trust and distrust distinct constructs or just two ends of the same continuum? This study investigates that question by surveying more than 1000 consumers involved in technology-driven transactions...
Arithmetic operations on fuzzy numbers are usually performed using Zadeh's extension principle. The amount of uncertainty expressed in the resulting fuzzy number tends to be much higher than the amounts of uncertainty in the operands. This effect is often undesired and does not reflect reality if there is interactivity between the operands. We recently presented an approach for adding fuzzy numbers...
The problem of choosing an open-pit mining investment portfolio can be stated as, given a budget, picking among the possible projects the combination that will incur in the best increase for the mine's productivity when applied. Due to interaction between projects even a seemingly cheap and effective project may not be the most appropriate choice as, in the complete portfolio, it may interact badly...
This paper provides a novel self-scheduling model for price-taker generation companies (GENCOs) participating in a day-ahead energy market. Also, this paper models the effect of uncertainty of generating units' forced outage considered by stochastic optimization approach in the self-scheduling. This approach allows the producer to maximize its profit while controlling the risk of profit variability...
This paper adds to our understanding of how ICT helps to improve SC performance. We investigate both indirect and direct effects of ICT and find based on data from Chinese manufacturers that inter-organizational ICT has a positive effect via SCM-practices if the uncertainty is high. We do not find support for that relationship if uncertainty is low. No support is found for an direct effect of inter-organizational...
Technology innovation is an important driven force for the economic development, the risk of which deserves attentions, and to evaluate risk accurately and effectively can be helpful to improve the success rate of technology innovation. As the risk of technology innovation is of strong uncertainty and fuzziness, the existing risk evaluation methods have certain limitations, while matter-element model...
The problem of making decision on repair of technical equipment in the condition of uncertainty on the basis of statistical data is considered. Operating hardware requires timely repair. When equipment is stopped for repair, the company will lose profit. The entrepreneur has to decide to stop equipment for repairs without loss of earnings. It is proposed to use a classic criteria for decision-making...
According to Government Resolution of Russian Federation No. 823, the regional power system development programs must be designed. Designing the power system development programs is a very complex problem due to the great number of external and internal factors of power systems such as physical deterioration of power stations equipment and investment policy of power station owners. These factors cannot...
As an intangible asset, corporate image is both key to earning profits and an important indicator of business' success. Several studies have examined the factors affecting corporate image, suggesting both emotional (e.g., feelings or impression) and functional (e.g., quality of products) components. While this body of research has examined corporate image, the present study measures corporate image...
Multi-sided markets mediated with digital platforms are taking over many sectors of the economy and society. In the healthcare sector, Apple Healthkit and Google Fit are emerging digital platforms for managing fitness data and developing a connected market. Technology firms should consider platform complementor roles as alternatives to so-called traditional means of entering markets. As complementors,...
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