Mining cost analysis and cost control based on the sensitivity factor analysis

This paper systematically generalizes relevant theories and methods regarding mining cost control and constitutes the model for the mining cost analysis. It also comes up with the sensitivity factor analysis to conduct mining cost control. The theories and methods have been experimented with Jiangsu Chuanshan Mining Joint-Stock Company Ltd. Case studies have been undertaken on mining cost of the company and the most sensitive factor which affects mining cost has been found accordingly. Finally the paper concludes that the focus concerning the cost control of the company should be directed at output and material costs.     

Climate control? The relationship between leadership,climate for change,and work outcomes

Transformational leadership is seen as one of the most effective leadership styles from which the dynamic context of temporary work agencies may benefit. The current paper presents a theoretical framework that introduces participative leadership as an additional appropriate leadership style. The prediction is that transformational leadership and participative leadership both impact work outcomes via a climate for change. Data from 258 employees working for a large Dutch employment agency support these hypotheses. Results show that transformational leadership and participative leadership are both independently related to work outcomes. Moreover, results support an indirect process from participative leadership to work outcomes, via a climate for change.     

Integration of strategy, budgetary management and internal control system： A case of Sinochem Corporation

How budgetary management as a tool for planning and controlling of business operations is aligned with strategy and internal control system may not be problematic to American firms but is the most challengeable to large corporations in China. The case of Sinochem Corporation demonstrates the ways that budgetary management is linked with 3-year strategic planning at corporate level via yearly operating plans at business levels, and that budgets are integrated with internal control system into a device of task control to monitor whether business operations are on the track toward strategy. It is learned from the case that Chinese corporations have initiated different practices than American firms in solving the same issues.     

Innovation-Oriented Culture in the Public Sector: Do managerial autonomy and result control lead to innovation?

This article examines the effect of specific new public management (NPM)-related characteristics to explain innovation-oriented culture within public sector organizations. According to NPM doctrines, an enhanced managerial autonomy combined with result control will stimulate a more innovation-oriented culture in such organizations. Using multi-country survey data of over 200 public sector agencies, we test for the influence of organizational autonomy, result control and their interactions, on innovation-oriented culture. High levels of managerial autonomy and result control have independent and positive effects. However, the interaction between high personnel management autonomy and high result control has a negative effect.     

Cost control based on value chain paying equal attention to earning more income and cutting down expense

According to the idea of cost control based on the value chain, several important factors are necessary. Firstly, it is necessary to have enough resources, which must be invested to create advantageous value chain based on customer value. It is also necessary to be sure of the cost advantage of the value chain. Secondly, the consumption of resources must be reduced as much as possible to enable the smallest operating cost for the value chain and make sure of the cost advantage based on maximum business value or profit. It is a kind of cost control from the whole view of creation and supply of value. In practice, it is also a kind of cost control system based on the value chain. It includes enough control and necessary resource investment from the view of the value creation, and keeps consumption of resources to a reasonable level from the view of the value supply. The main object of the first factor is to construct the advantageous value chain from creating customer value; and the second factor is to strengthen the advantageous value chain from supplying or producing customer value. Therefore it is a new kind of idea to explore this cost control from the whole view of creation and supply of value. It is more profitable for businesses to gain sustainable competitive advantage.     

Efficient Monte Carlo pricing of European options¶using mean value control variates

We describe in this paper a variance reduction method based on control variates. The technique uses the fact that, if all stochastic assets but one are replaced in the payoff function by their mean, the resulting integral can most often be evaluated in closed form. We exploit this idea by applying the univariate payoff as control variate and develop a general Monte Carlo procedure, called Mean Monte Carlo (MMC). The method is then tested on a variety of multifactor options and compared to other Monte Carlo approaches or numerical techniques. The method is of easy and broad applicability and gives good results especially for low to medium dimension and in high volatility environments.     

Internet and CALL

1.IntroductionFor a long ti me,the traditional English teaching mode is teacher-centered and knowledge-instruction-based.Inthis kind of teach-ing mode the teachers usually givelectures only by usingtextbooksinclassroom.The learners have to passively acquire knowledge andcomplain the boring learning of English in such a single method;therefore,it is essential to set up a newteaching mode to meet thehigher need of Englishlearners andincrease their interest of learningEnglish.Withthe rapid deve…     

Macroeconomic factors and firm’s cross-border merger and acquisitions

This study investigates the impact of macroeconomic variables on the wealth effects of cross-border acquisitions by Malaysian multinational companies. The sample consists of 159 cross-border acquisitions by Malaysian MNCs bidding in 22 countries around the world from 2000 to 2007. The macroeconomic variables examined in this study are foreign economic condition, GNP correlation between countries, and level of economic development of target country. The findings indicate that, foreign economic condition affects the wealth effect negatively, while the level of economic development of target country affects the wealth effect positively. Aside from the macroeconomic variables, we also find that English or non-English language, government’s rules index and the telecommunication infrastructure all play certain roles in the Malaysian cross-border acquisitions. Implied from this study is that, value creation of the Malaysian cross-border acquisitions is a function of the foreign economic condition and the level of economic development of the target foreign country.     

On the properties of the hotelling��s T2 control chart with variable sampling intervals

When T ² control chart is used to monitor a process, it is usually assumed that the samples of size n ₀ is taken at constant intervals t ₀ . In this paper, we investigate the T ² control chart for monitoring the process mean vector when the sampling intervals are variable. Recent studies have shown that the variable sampling interval (VSI) scheme helps practitioners detect process shifts more quickly than the classical scheme Fixed Ratio Sampling (FRS). In this paper, it is assumed that the length of time the process remains in control is exponentially distributed.     

The hidden costs of control revisited: Should a sanctioning policy be announced in advance?

Sanctions are widely used to enhance compliance in principal agent relationships. Although there is ample evidence confirming the predicted positive incentive effect of sanctions, it has also been shown that imposing sanctions may reduce compliance by crowding out intrinsic motivation. We add to the literature on the hidden costs of control by showing that these costs are restricted to situations where the principal actively chooses to sanction low performance and where this choice is known to the agent. In such a situation, the principal's commitment to sanction low performance might indicate that she or he is a distrustful “type” and hence conveys a negative signal. To the contrary, if (a) an agent is not informed about whether low performance will be sanctioned or if (b) the computer determines whether low performance will be sanctioned, the principal's “type” is not revealed, and we find no evidence of crowding out.     

Reforms and agricultural productivity in Central and Eastern Europe and the Former Soviet Republics: 1989–2005

This paper analyses the changes in agricultural performance in Central and Eastern Europe and the Former Soviet republics since the start of the transition process. We provide a conceptual framework for the evolution of productivity and efficiency measures and link this evolution to the issue of factor abundance taking into account specific transition characteristics. We document the changes in agricultural performance using empirical data on the evolution of partial productivity and total factor productivity estimates and we illustrate how productivity varies between countries at various stages of the transition process. Over the past twenty years, virtually all transition countries witnessed an initial decline in productivity, and virtually all countries currently witness an increase in productivity. However, the depth and length of the initial decline differs enormously between countries. Our analysis indicates that the productivity changes were related to the extent of the pre-reform distortions, initial resource endowments and technology use, and the reform implementation in the countries.     

Language and Creativity: The Leadership Quandary (and Opportunity?)

The author argues that for leadership research and praxis to better conjoin leadership with creativity and innovation, it is necessary to understand how language shapes the relationship. Language reflects both political and referential qualities, and the relationship is not always harmonious. If leadership practitioners fail to address the schism, dysfunctional situations can ensue. To avoid such problems, it is suggested that researchers and practitioners engage the aforementioned relationships through a reflexive process that continually doubles back and interrogates its basic assumptions.     

Forensic Accounting and Fraud： Capability and Competence Requirements in Malaysia

The 2011 Global Economic Crime Survey instituted by PricewaterhouseCoopers （PwC） confirms the economic crime in Malaysia to be on the increase and, therefore, requires immediate attention to stem the tides. In anticipation of the challenges occasioned due to a shift from the modified cash basis to the accrual basis of accounting, the Malaysian State＇s determination to move from a developing nation to a developed nation, and to be ranked among the first 10 in 2020, this paper presents the need for forensic accountant and auditor capability （i.e., mindset and skills） on forensic accountant and auditor competence （i.e., task performance fraud risk assessment （TPFRA）） in the Malaysian public sector. It also draws the attention of the users of public sector accountants and auditors to the understanding of fraud mechanisms and how to deal with fraudsters. The population of this study comprised the accountants and auditors in the office of the Accountant General and Auditor General of Malaysia. The objective of this paper is to investigate the competence requirements of accountants and auditors in the effective and efficient utilization of capability requirements, which have the potentials to usher in the best global practices in fighting fraud in the Malaysian public sector.     

Cheese and Cheese文化

奶酪,又名干酪,英文名作Cheese,即芝士。在法国,从1月1日到12月31日,每天都可以吃到不一样的奶酪。我们对奶酪的抗拒很大程度上来自嗅觉的障碍,以及害怕变得脂肪丰满,其实呢,搭配得法,也许你也会天天都Cheese的。     

Exchange rate regimes and capital mobility: issues and some lessons from central and eastern European applicant countries☆

The five most advanced central and eastern European countries that aspire to join the European Union, EMU and to adopt the euro, have pursued very dissimilar exchange rate strategies up to now. Yet, there is only one instance in which a country was unable to sustain its chosen exchange rate regime. This paper explores two keys to exchange rate sustainability and argues that failure to maintain internal policy consistency and policy credibility is decisive in forced exit. The paper then relates the findings to possible policy lessons for emerging market economies in the Western Hemisphere.