War games: using MRP (material requirements planning) audits to pinpoint problems and keep the competitive edge

In today's world, it is a challenge just to stay in business, let alone remain competitive in a specific industry. We will show you how to pinpoint MRP II problems and attack them through self-assessment audits. You will discover the secrets of breaking down barriers between Master Schedulers, Material Planners, Production Control Planners, and the Manufacturing Line. Self-assessment audits are one way to take care of your planning functions before outside auditors take care of them for you.     

Virtual companies reconsidered

An important recent report recommends the creation of 'rirtual companies'-companies formed from electronically linked workers who rfmain employees o f their regular firms . This paper criticizes that model, instead suggesting that uirtual companies have their o m employees. The assessment of the implications of both ppes of virtual compay points to the need for majar national poliy changes with respect to employment practices and mechanisms to conty wealth to people.     

Mutual fund managers: Does longevity imply expertise?

We analyze the performance of 1,042 mutual funds from 1986 to 1995 to measure the relationship between manager tenure and performance. Funds whose managers' have at least ten years tenure do not generate significantly higher excess returns than funds with less experienced managers. The excess returns of the best managers are not greater than those of their less experienced colleagues. Regardless of tenure, managers producing positive risk adjusted returns for three years are not likely to repeat their performance in subsequent periods. Our results provide further evidence that tenure should not be a factor in selecting mutual funds.     

Information Effects in Uniform Price Multi‐Unit Dutch Auctions

We design a multi‐unit descending‐price (Dutch) auction mechanism that has applications for resource allocation and pricing problems. We address specific auction design choices by theoretically and experimentally determining optimal information disclosure along two dimensions. Bidders are either informed of the number of bidders in the auction, or know that it is one of two possible sizes; they also either know the number of units remaining for sale or are unaware of how many units have been taken by other bidders. We find that revealing group size decreases bids, and therefore revenue, if units remaining are not shown. When group size is unknown the price also falls if the number of units remaining is revealed. The most efficient and largest revenue outcome occurs when bidders are not provided information on either group size or units remaining. These laboratory results conform to some directional predictions from our theory, although overbidding is common.     

Profiling leading scientists in nanobiomedical science: interdisciplinarity and potential leading indicators of research directions

Nanobiomedical science is a promising area in the application of nanotechnology. This paper profiles a group of 21 leading scientists in nanobiomedicine based on high publication rate and high citations. Comparisons with other researchers indicate that the leaders publish more in high impact journals and collaborate more extensively (team science). They reside most heavily in the United States and Western Europe. We compare their research publications using multiple indicators–Integration, Specialization and a Multidisciplinary Index. Relations among interdisciplinarity indicators generated support a three‐factor model based on principles of diversity. We locate this research among the disciplines using science overlay mapping. Key term analyses, based on keywords and on natural language processing help profile the research emphases of these leading researchers. Such results could serve as leading indicators to help identify directions of future nanobio development.     

Trends in the internationalization of grocery retailing: the European experience

The three traditional views of retail internationalization involve the diffusion of retail concepts, operational involvement in foreign markets and the international- ization of a retail management function. None of these identified categories is new, but there is evidence that there is an unprecedented level of interest in internationalization as a viable strategic option for retailers. This paper examines these themes within die grocery sector in Europe, through an empirical investigation of activity in the post-war period.     

The Politics of Management in People's China: From CMRS to Modern Enterprise and Beyond

This study reviews and analyses the changes in management systems in the People's Republic of China over the last decade. Within the wider context of the Open Door policy, the modernization of industry and increased enterprise autonomy, the contract management responsibility system (CMRS) and, more recently, the modern enterprise system (MES) have been introduced. These both provide enterprises (and the managers within them) with a framework within which to practise. This analysis describes the CMRS and the IMES and then, on the basis of discussions and interviews with factory managers, and with officials responsible at the macro level for monitoring the itnplementation of policy, analyses the implications of the changes. The authors conclude that, despite the introduction of a degree of management discretion and independence, differences in opinion persist on what, precisely, are the current industrial problems, and therefore what to do to address them. There have, consequently, been mixed reports on the success or otherwise of both systems.     

Retailing in Europe: 20 years on

This article reviews retail change in Europe over the past 20 years. The sociocultural context of retailing in Europe is briefly discussed before macro level changes in the relative scale of Europe's largest retail organizations over this period are explored. Three underlying themes to retail change are then discussed – the emergence of new markets, in relation to geographical, product, service and channel diversity; the evolution of the retailer as a brand, encompassing an holistic multifaceted conceptualization involving product, store and organizational dimensions; and the role of time as a competitive element through consumer and business behaviours, and in terms of the pace of strategy implementation. Finally, looking forward the study concludes with a number of underlying themes in the approaches taken by European retail organizations     

Climate adaptation imperatives: untapped global maize yield opportunities

Climate change represents an unavoidable and growing challenge to food security, imposing new adaptation imperatives on all farmers. Maize is arguably the world's most productive grain crop, as measured by grain yield. However, maize yields vary dramatically due to many factors, including soils, climate, pests, disease, agronomic practices, and seed quality. The difference between observed yields and those achievable by optimized crop production methods is called the yield gap. In this work we quantified the current yield gap for 44 countries through the use of a large private-sector data set recently made available to the crop modelling community. The yield gap was quantified for three groups of countries, categorized by level of intensification. Observed yield gaps for high, medium, and low levels of intensification are 23%, 46%, and 68%, respectively. If all maize production countries were able to shrink their yield gap to 16.5% (as in the USA) an additional 335?million metric tons (MMT) of maize grain would be produced. This represents a 45% increase over the 741?MMT produced by these countries in 2010. These data demonstrate that a major untapped maize yield opportunity exists, especially in those countries where intensification has not kept pace with the rest of the world.     

Hope across the seas: the role of emotions and risk propensity in medical tourism advertising

Rising US medical costs as well as more competition in the health care industry have led many Americans to pursue health care in foreign destinations. As a result, leading countries in medical tourism have begun launching international advertising campaigns. A growing trend in much of this advertising is the use of emotional appeals. The purpose of this research is to examine whether the use of emotional appeals by non-domestic health care providers contributes to more favourable evaluations of the target health care provider than rational appeals. Specifically, two experimental studies investigate the efficacy of advertisements that induce the emotion of hope to determine whether these advertisements increase trust perceptions and reduce perceived risk, given an individual's level of risk propensity. Implications for public policy makers and marketing managers who work in health care are discussed.