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For the low efficiency and high risk of real estate enterprises in China, we design incentives-supervision model of a real estate enterprise based on principal-agent theory and on some characteristics of the real estate enterprises. Subsequently, in order to improve business performance and lower the risks, we study that how the clients of the real estate enterprises design the compensation for agents...
Relationship management plays a decisive role in Chinese enterprises. In this paper, relationship embeddedness is defined as relationship strength and relationship stability, which can be further divided into relationship sustainability, relationship tightness, relationship integrity, relationship reciprocity and relationship stability. The six external relationship bodies are defined as suppliers,...
The supply represents the available number of products of a specific variable. This paper presents a new approach for studying the supply through the use of aggregation systems. Its main advantage is that it permits to represent the information in a more complete way. Thus, it is possible to develop forecasting methods that consider optimistic and pessimistic scenarios and those that are more expected...
This paper from the perspective of financial performance, using the factor analysis method to analylze financial comprehensive performance of 17 sample corporation which are chosen from chinese highway-listed corporation, aims to build financial performance evaluation system of highway industry.11 indicators were selected from four aspect: solvency, profitability, growth ability, operation ability,...
In reality, some firms can use one kinds of raw material to produce many kinds of products which are called co-products, and the production quantity of each kind of product will affect the ordering policy of the raw material. So it is important to find out an effective ordering policy for the firm. In this paper, we take a food production firm as an example to study the optimal ordering policy for...
Online Word-of-mouth has become one of most important information sources when a consumer is making a purchase decision. Most researchers focus on the direct relationship between consumer reviews and sales performance rather than exploring their interaction with other factors. To bridge this gap, we conducted an empirical study in the hospitality field to investigate the impact of online consumer...
In the present study, we use the concept of the straight coupon bond pricing model proposed by Tsuda (2006) to estimate a price evaluation model for investment corporation bonds: bonds issued by investment corporations for the purpose of raising funds. This model obtains credit risk information, such as default probability, from the market prices of bonds. The model simultaneously estimates implied...
The rational enterprise decision makers tradeoff between returns and risks. Customer portfolio paradigm is a favorable tools to increase the value of customer base and reduce its risks. After analyzing the similarities and differences of the financial assets and customer equity, a customer portfolio optimization model is proposed. In this model, semi-variance is employed as the risk metrics considering...
Corporate value is attributed from financial capital and intellectual capital. Intellectual capital is knowledge and capability of employees, which benefits for raising operation performance. This study aims to examine the impact of intellectual capital on corporate value of casino industry in Macau listed in the Hong Kong Stock Exchange based on Value Added Intellectual Coefficient (VAIC) model using...
The growth of power generation based on natural gas fired power plants (NGFPPs) in the recent years has lead to increasing interactions between electricity and natural gas systems, which can be used as a competitive advantage for an agent operating in both markets. Therefore, the larger is NGFPPs consumption the larger is the interdependence between electricity and natural gas systems, and the analysis...
Trustworthiness especially for service oriented system is very important topic now a day in IT field of the whole world. There are many successful E-commerce organizations presently run in the whole world, but E-commerce has not reached its full potential. The main reason behind this is lack of Trust of people in e-commerce. Again, proper models are still absent for calculating trust of different...
In many actual application fields, solution concepts and their relationships in multi-choice games play important roles. For obtaining stable payoff vectors in multi-choice game, we extend several key solutions about bargaining set, kernel and nucleolus in classical cooperative game to multi-choice games with coalition structure, considering that multi-choice game is commonly with coalition structure...
Purpose of this study was to investigate the relationship between ethical climate, job satisfaction, organizational commitment and intention to leave, among employees in Shiraz electric distribution company. This study is applied research. and correctional study. was conducted in 1390. The Statistical Society included 100 people from employees of Shiraz electric distribution company. In this study,...
Strategic investment projects such as research and development (R&D) projects generally require a huge amount of initial capital over a long period of time. To effectively manage them, project managers need to pay a careful and prudent attention on an economic justification process at the outset, especially the optimal allocation of the investment resources on them. In this paper, we propose the...
In order to study the interval multiple attribute decision making problem with triangular fussy number and uncertain weight, this paper presents a new method based on cosines similar degree. The detailed procedure of the proposed algorithm and numerical experiment are given. The proposed algorithm is also compared with an existed algorithm. Compared results show that the proposed algorithm are effective...
As one of the core contents of the company's financial management, dividend policy receives universal attention in the theoretical circles. This paper selects the IT industry as research object, firstly analyzes the status quo of dividend distribution about past six years, and then selects the financial data of 2011 to build a multiple linear regression model to verify the influence factors in the...
In this paper, an energy-saving algorithm to achieve minimum energy consumption and high efficiency for a pumping system is proposed. In the first step, the mathematical model of the pumping system is given. In the second step, one optimal operating condition of pump system is obtained by the proposed energy-saving algorithm. Moreover, a fuzzy decision making is used to make the optimal decision of...
Nowadays, risk-based asset management is commonly adopted throughout electricity utilities as a business model. Potential risks are registered, and after selection the influence of the risk is assessed. This paper discusses the possible shortcomings with regard to current risk assessment methods. Based on an improved risk assessment approach, it is shown that risk might be underestimated when the...
This paper investigates the level of earnings conservatism during the first year of auditor change. We hypothesize that newly-appointed auditors demand more conservative accounting compared to established auditors due to lack of specific knowledge about the new client and higher litigation risks. We measure earnings conservatism based on the asymmetric recognition speed of good news and bad news on...
This paper develops some models to explore the choice of supply chain between public e-markets and private e-markets. We derive the expected profits of the retailer and the supplier and obtain the corresponding optimal strategies in private e-markets, i.e., the supply chain member owns the e-markets. We also analyze the profits of the supply chain in public e-markets, i.e., the e-markets is run by...
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