SUPPLY CHAIN PARTNERSHIPS: MODEL VALIDATION AND IMPLEMENTATION

An important aspect of implementing supply chain management is the formation of appropriate linkages between members of the supply chain. While practitioners and academics have championed the value of partnerships for this purpose, the challenge is to find effective methods for developing the appropriate type of relationship. This paper describes a large‐scale validation of a previously developed model that can be used to structure business relationships. Implementation issues are documented and direction is provided for managers interested in using this tool for tailoring key relationships.     

SPATIALLY-VARYING EFFECTS OF REZONING ON HOUSING PRICE

A hedonic price equation is estimated at the parcel level to capture the spatially-varying effects of rezoning on housing prices using a geographically weighted regression - spatial autoregressive error model (GWR-SEM). The empirical results highlight a number of points. Firstly, the positive amenities from rezoning to office use act as a buffer and transition the zones between single family housing to commercial zones near downtown areas may be applicable to approving the same kind of rezoning in other areas. Secondly, when approving rezoning from agriculture to residential or commercial use, it may be necessary to anticipate the positive amenities from rezoning in less well-off neighborhoods and the negative amenities from rezoning in well-off neighborhoods. Thirdly, the positive amenities from well-designed open space preservation districts may encourage county planners to consider similar types of projects in the future.     

The information content of security prices

The study derives a relationship between prices changes and earnings changes by expanding the information upon which earnings expectations are conditioned to include data other than prior earnings history. In particular, price is used as a surrogate for additional information available to market participants. This relationship provides an interpretation of the contemporaneous association between price changes and earnings changes previously observed by Ball and Brown (1968) and Beaver, Clarke and Wright (1979), among others. It also provides a basis for inferring from prices the earnings process and the expected future earnings as perceived by market participants. In doing so, it inverts the familiar price-earnings relationship and uses price as a predictor of earnings. The study differs from previous research which has examined the time series behavior of earnings based solely on previous earnings realizations. This approach can potentially lead to earnings forecasting models that are more accurate than the random walk with a drift that has been robust against challengers. In particular, the evidence indicates that security prices behave as if earnings are perceived to be dramatically different from a simple random walk process. Preliminary evidence also indicates that price-based forecasting models are more accurate than the random walk with a drift model.     

Efficacitè technique et coûts de production dans les secteurs laitiers du Québec et de l'Ontario

This study aims to estimate the level of technical efficiency in milk production and to analyze the relationship between the costs of production, the level of technical efficiency and farm size. Furthermore, the socio-economic variables that characterize the most efficient farms and those producing at lower cost are identified. The results indicate that in Quebec, the level of technical efficiency increases with herd size, but this increase is very small. In Ontario, herd size is not significant to explain technical efficiency. The level of education, the participation in milk recording programs, expenditures per cow fort are and artificial insemination, the quality of hay and the number of years as member of a management club are a11 variables that characterize efficient farms.     

Land Trafficking and the Fertile Spaces of Legality

Land trafficking, responsible for the unprecedented rate of urbanization in many Latin American cities, is often conceptualized through corruption as ‘abuses of public office for private gain’. While those involved in the practice rely at times on violence and illegality, their repertoire is sophisticated, allowing them to move in and out of legality as part of their cost–benefit calculations. In this article I argue that land trafficking is based on legalized corruption. I use an ethnographic approach to observe the strategic conduits that are technically embedded in, and opportunistically related to, different municipal processes to legalize illegality. I demonstrate how land traffickers use morphing possibilities between land tenure types (communal, private and government) and mimic development typologies that have gained legitimacy over time. I also show how conflicting, competing and humanitarian rationalities that characterize the state play a crucial role in promoting land trafficking, by grafting illegality and violations onto ‘formal’ practices.     

HR Practices,Customer-Focused Outcomes,and OCBO: The POS-Engagement Mediation Chain

Employee Responsibilities and Rights Journal - The mechanisms through which HR practices impact employee-level and organizational-level outcomes continue to intrigue HR academicians and...     

We're in this together

When managers from Wendy's International and Tyson Foods got together in 2003 to craft a supply chain partnership, each side had misgivings. There were those in the Wendy's camp who remembered past disagreements with Tyson and those on the Tyson side who were wary of Wendy's. But the companies had a tool, called the "partnership model,'to help get things started on the right foot. Drawing on the experiences of member companies of the Global Supply Chain Forum at Ohio State University, the model offers a process for aligning expectations and determining the most productive level of partnering. It rapidly establishes the mutual understanding and commitment required for success and provides a structure for measuring outcomes. This article puts the tool in the reader's hands. Partnerships are justified only if they stand to yield substantially better results than the firms could achieve on their own. And even if they are warranted, they can fail if the partners enter them with mismatched expectations. Over the course of a day and a half, the partnership model elucidates the drivers behind each company's desire for partnership, allows managers to examine the conditions that facilitate or hamper cooperation, and specifies which activities managers must perform to implement the relationship. This tool has proved effective at Wendy's and elsewhere in determining what type of partnership is most appropriate. Colgate-Palmolive, for example, used it to help achieve stretch financial goals with suppliers of innovative products. But the model is just as effective in revealing that some companies' visions of partnership are not justified. In matters of the heart, it may be better to have loved and lost, but in business relationships, it's better to have headed off the resource sink and lingering resentments a failed partnership can cause.