珠三角新兴物流城市竞争优势分析:基于集群视角

东莞提出珠三角新兴物流城市的新定位,为东莞产业转型升级指出了新路径。东莞物流业的发展,尤其是虎门港的崛起,将为东莞海内外贸易节省大量交易成本与交易时间,从而提升东莞制造业的国际竞争优势。东莞物流业竞争力偏低,但随着系列物流产业政策扶持、虎门港全面开发以及CEPA的深度推进,东莞将实现珠三角新兴物流城市的战略目标。     

基于大规模定制的组织变革趋势研究

传统的大规模生产模式组织构架,不适应大规模定制模式的要求,因此向大规模定制转变有必要变革传统的组织构架。基于大规模定制组织变革的趋势是:以创造和传递个性化的客户价值为导向、以流程为中心的组织变革趋势、柔性化趋势、组织结构的模块化、扁平化变革趋势、网络化变革趋势等等。     

Career Risk

The author defines asset manager career risk as the risk that asset owners terminate an existing manager due to an extended period of underperformance relative to a benchmark or peer group even though the manager has skill (defined here as positive information ratio). The author shows that myopic loss aversion gives rise to career risk even for skilled asset managers and that the current industry practice of quarterly or annual performance evaluations puts even the most skilled asset managers at risk of undue termination. The author also investigates how a reduction of tracking error leads to a reduction of career risk even though this comes at the expense of lower long-term performance. Finally, the author computes the minimum evaluation period needed to reduce career risk for asset managers of different skill levels.     

The nexus between sustainable practices in hotels and future Gen Y hospitality students’ career path decisions

This study explored tertiary hospitality students’ attitudes and overall perceptions about green and sustainable practices; and how these may impact their future career paths in the hotel industry. A thematic analysis with data from 12 semi-structured interviews with students in a hotel management school in Australia was used to identify patterns and interpretive themes. Results revealed positive attitudes among Generation Y hospitality students towards working in a green and sustainable hotel environment. Implications highlight the need for sustainability education in the curriculum of tertiary education providers and strong emphasis on sustainability practices in employee training programs. The results also suggest possible impacts of sustainability practices in recruiting and hiring in the hospitality industry and how this may affect future hospitality employees and leaders.     

Multiperiod Optimal Investment-Consumption Strategies with Mortality Risk and Environment Uncertainty

Abstract

In this article we investigate three related investment-consumption problems for a risk-averse investor: (1) an investment-only problem that involves utility from only terminal wealth, (2) an investment-consumption problem that involves utility from only consumption, and (3) an extended investment-consumption problem that involves utility from both consumption and terminal wealth. Although these problems have been studied quite extensively in continuous-time frameworks, we focus on discrete time. Our contributions are (1) to model these investmentconsumption problems using a discrete model that incorporates the environment risk and mortality risk, in addition to the market risk that is typically considered, and (2) to derive explicit expressions of the optimal investment-consumption strategies to these modeled problems. Furthermore, economic implications of our results are presented. It is reassuring that many of our findings are consistent with the well-known results from the continuous-time models, even though our models have the additional features of modeling the environment uncertainty and the uncertain exit time.     

Strong Growth and Inflation Today

Inflation pressures still bubbling, and there is still risk of a rate hike or two
Industrial production and fixed asset investment growth slowed, but momentum stillseems strong
Policy tightening, especially in terms of real estate, will drag on growth momentum from Q3     

申城别墅的前世今生

由于社会变革的原因,所以上海别墅的发展存在着一个断层。自1949年以后,在长达近半个世纪的时间里,上海几乎没有建过真正意义上的、住宅性质的别墅,因为当时那东西被人们视为"资产阶级生活方式"。但在今天,上海城区的边缘,以前被人称作是郊区的田野上,一片又一片的别墅群落蜂拥而起,俨然一派"别墅大跃进"的景象……     

Strategic behavior in financial markets

We describe a financial market as a noncooperative game in strategic form. Agents may borrow or deposit money at a central bank and use the cash available to them in order to purchase a commodity for immediate consumption. They derive positive utility from consumption and from having cash reserves at the end of the day, whereas being bankrupt entails negative utility. The bank fixes interest rates. The existence of Nash equilibria (both mixed and pure) of the ensuing game is proved under various assumptions. In particular, no agent is bankrupt at equilibrium. Asymptotic behavior of replica markets is discussed, and it is shown that given appropriate assumptions, the difference between a strategic player and a price taker is negligible in a large economy.     

初探乡镇档案工作现状

本文对乡镇档案工作现状进行了探讨.