A decision support system for vehicle relocation operations in carsharing systems

This paper presents a novel three-phase optimization-trend-simulation (OTS) decision support system for carsharing operators to determine a set of near-optimal manpower and operating parameters for the vehicle relocation problem. Tested on a set of commercially operational data from a carsharing company in Singapore, the simulation results suggest that the manpower and parameters recommended by the OTS system lead to a reduction in staff cost of 50%, a reduction in zero-vehicle-time ranging between 4.6% and 13.0%, a maintenance of the already low full-port-time and a reduction in number of relocations ranging between 37.1% and 41.1%.     

Principles for Sustainable Insurance: Risk Management and Value

Some of the largest global insurers are actively pursuing the recently enacted Principles for Sustainable Insurance (PSI). While the concept of sustainability is often associated with a governance design that promotes stakeholder value, the PSI do not appear to be a call for stakeholder‐focused insurers. Rather, the PSI appear to be about internalizing tacit claims in the operations of insurers. Conceptual and empirical literature on shareholder value maximization suggests that when an insurer honors its tacit claims the value to shareholders increases. A key insight from practice is that a sincere pursuit of the PSI will expand the scope of corporate risk management.     

Information Role of U.S. Futures Trading in a Global Financial Market

Using a bivariate, asymmetric generalized autoregressive conditional heteroskedasticity model, we examine the patterns of information flows for three financial futures contracts that are dual‐listed on U.S. and Asian markets (i.e., Nikkei 225 Index, Eurodollar, and dollar–yen currency futures). The results indicate that the U.S. market plays a leading role in terms of pricing‐information transmission across markets. In terms of volatility spillover across markets, however, foreign markets seem to play a similar role (e.g., Nikkei Index futures) or even a more significant role than the United States (e.g., Eurodollar futures in Singapore and dollar–yen currency futures in Japan). © 2001 John Wiley & Sons, Inc. Jrl Fut Mark 21:1071–1090, 2001     

Determinants of Consumer Behavioral Intention Toward Social Farm Food

The study authors investigate consumer reactivity to social and health concerns, social farm food’s perceived quality, and whether these attitudes can be expected to influence their behavioral intention with regard to these products. Data were collect on a convenience sample (N?=?361) via a questionnaire. Five hypotheses, concerning the relationships between social consciousness, health consciousness, social farm food perceived quality, and consumer behavioral intention, were tested via a structural equation model. The results indicate that both social consciousness and health consciousness have a positive impact on social farm food perceived quality. Consumer behavioral intention is directly influenced only by health consciousness but indirectly by both social and health consciousness, via the attribute of social farm food perceived quality. The findings depict a particular reactivity of potential consumers. The study provides a general outline of questions or studies that might be useful in the future.     

Barbara Adam,Karlheinz A. Geißler, & Martin Held (Eds.): Die Nonstop-Gesellschaft und ihr Preis [The Non-Stop Society and Its Price]

Journal of Consumer Policy -     

Information Flows Between the U.S. and China Commodity Futures Trading

Using a bivariate GARCH model, we examine patterns of information flows for three commodity futures traded in both the developed U.S. market and the emerging China market (copper, soybeans and wheat). For copper and soybeans, the two commodities that are subject to less government regulation and fewer import restrictions in China, we find that the U.S. futures market plays a dominant role in transmitting information to the Chinese market, a result that confirms the importance of the U.S. role as a leader in the global financial market. For the heavily regulated and subsidized wheat commodity, our empirical results indicate that the U.S.-China futures markets are highly segmented in pricing, although information transmission via volatility spillover across markets is present.     

Transport biofuels in the European Union: The state of play

The implementation of the Biofuels Directive (2003/30/EC) in 25 member states is assessed here. Implementation problems are identified and analysed for the purpose of suggesting a way forward for biofuels policy in the European Union. Three main patterns are observed: effective implementation, formal compliance and weak implementation. Problems encountered in the policy process are both of a practical and more fundamental nature, i.e., due to a lack of consensus on the priority of competing policy objectives and disagreement on the suitability of first-generation biofuels for reaching the objectives. In this situation, stronger enforcement of targets does not appear to be a constructive way forward. Based on our analysis, we argue that the European Union should instead, and in agreement with the principle of subsidiarity, allow member states more flexibility.     

China’s Corporate Governance and Reforms

I. IntroductionSince 1978, China’s economic reforms have called for an incentive mechanism to beincorporated in the state-owned enterprises (SOEs), while the reforms have demonstratedconsiderable success. In the early 1990s, the Chinese government took further steps andbegan to list SOEs on stock exchanges to raise external capital and improve their efficiency.Corporate governance still remains an important issue in China as shown by the largenumber of corporate failures and scandals in r…     

ADJUSTED ESTIMATES OF UNITED STATES–CHINA BILATERAL TRADE BALANCES: AN UPDATE

Abstract.  Large differences exist between the official United States and Chinese data on trade balances between the two countries. In this paper, four adjustments are made to the export and import data of the two governments: (i) freight along side (f.a.s.)-free on board (f.o.b.) and cost, insurance and freight (c.i.f.)-f.o.b. conversions; (ii) re-exports through Hong Kong (and elsewhere); (iii) re-export markups; and (iv) trade in services. After adjustments, our best estimate for the 2005 bilateral trade balance is $US170.7 billion, in China's favour, which is much larger than the official Chinese balance of $US114.2 billion but also much smaller than the official US balance of $US201.6 billion.