A hierarchical model of the determinants of non-performing assets in banks: an ISM and MICMAC approach

The banking systems of emerging economies in general and India in particular are facing sustained impairment due to mounting non-performing assets (NPAs). In the absence of stringent policies and their implementation, the results will be detrimental and may eventually lead to an economic crisis. Thus, it is imperative to unearth the causal factors and mitigate the risks involved with rising NPAs. The study attempts to identify the determinants of NPAs from the existing literature and subsequently, explore the interlinkages between the identified factors. A model of these factors is developed using Interpretive Structural Modeling (ISM) and MICMAC approach. Key managerial insights were obtained by the suggested model, specific to the Indian context. The hierarchical model provides a clearer perspective about the relationship between the factors and suggests that economic conditions and political factors are the key drivers which impact the ownership pattern and adherence to the regulatory framework; these further impact the internal factors related to the banks and borrowers’ capacity to repay. The study will act as a scaffolding for policymakers and bankers. Based on these findings, better instruments and mechanisms for recovery/management of NPAs can be put in place.     

工程咨询企业国际核心竞争力评价指标体系研究

本文阐述了建立工程咨询企业国际竞争力评价指标体系的必要性基本原则,确定了适合我国工程咨询企业国际核心竞争力的评价指标体系,运用ISM模型,对各因素进行分级评价,将工程咨询企业国际核心竞争力的评价指标划分成最终指标、高级指标、次高级指标以及基础指标的四级递阶系统,为我国工程咨询企业提升竞争力的评价研究,提供一定的参考依据。     

Interpretive structural modeling of quality factors in both medical and hospitality services in the medical tourism industry

This study aims to theoretically integrate quality factors of both medical and hospitality services in medical tourism. Medical tourism comprises both medicine and tourism. Although the core product in medical tourism is medical treatment, attractive hospitality and travel options are also essential. Despite the dual nature of medical tourism, the two aspects of this concept have not been integrated in a unique framework. This study attempts to fill this gap using interpretive structural modeling (ISM). According to ISM, although factors of medical services and hospitality services are independent from each other, these factors have vital impacts on perceived value, satisfaction, and loyalty.     

基于ISM方法的石化产业发展问题研究

石化产业是国民经济的支柱产业,影响和制约着其他产业的发展,通过筛选22种产业并运用ISM分析石化产业对其他产业的直接和间接影响,并通过分析石化产业所面临的严峻形式,从而进一步强调石油化工产业的重要性。     

基于ISM模型的建筑企业隐性知识转移影响因素分析

知识经济时代,隐性知识成为建筑企业核心竞争力和持续发展优势的源泉。本文首先结合SECI模型对建筑企业的隐性知识及其转移特性进行了综合分析,然后运用解释结构模型方法(ISM)对其主要影响因素进行研究,得到隐性知识转移影响因素结构层次关系,最后对关键影响因素提出有针对性的措施建议。该研究将有助于建筑企业更有效地实现隐性知识转移,提高建筑企业的竞争力。     

基于ISM的施工企业项目组合的风险管理研究

为应对施工企业面对多项目时资源受限、风险管理压力增大的现实情况,本文提出施工企业在企业战略的高度上采取项目组合管理,降低总风险并实现企业收益最大化。为有效推进施工企业项目组合的风险管理,选择ISM解释结构模型技术,建立风险管理指标体系。并且,本文根据各层次的风险要素,提供针对性的风险管理思路和方向,为进一步深入研究施工企业项目组合的风险管理系统性、科学性和有效性打下坚实基础。     

基于ISM的精敏供应链实施的影响因素分析

针对精敏供应链实施效果不明显的现象,文章找出了影响其实施的因素,建立精敏供应链实施影响因素关系的ISM模型,并运用ISM模型对各影响因素进行分层解释,分析各影响因素之间的内在关系,为企业降低成本,提高经济绩效和客户满意度,以及更好的实施精敏供应链提供指导。     

Analysis on supply chain risks in Indian apparel retail chains and proposal of risk prioritization model using Interpretive structural modeling

Indian apparel retail industry is on a complete transformation journey and trying to evolve as an organized industry. It is very common to find the disruption factors in every business and the ways to mitigate and manage them is of current research interest. The paper discusses the selective risks associated with the apparel retail supply chains in India by structural analysis of the controllable risks that are identified. The work also reveals the use of Interpretative Structural Modeling (ISM) to establish the interdependencies between these risks spread across various supply chain functions of retail industry. The relationships are established based on expert opinions using Delphi technique followed by ISM modeling technique and Fuzzy MICMAC analysis. It also classifies the risk factors based on their driving and dependence power. ISM is proved to be a useful tool to help understand the impact of risks at stages of retail supply chain. Globalization, labor issues and security and safety of resources turns out to be the strong drivers of other supply chain uncertainties. The domino effect of these risks leads to financial crises for the organization.The paper also proposes a new model for the Risk Priority Number (RPN) calculation using ISM and Fuzzy MICMAC methodology for the applications in retail and various other domain risk studies. The sample size of experts is small and to remove the biasness of opinion, the model can be further validated using Structural Equation Modeling (SEM) in the future. The outcome would help practicing managers to analyze and to take actions for managing the factors by improving the bottom line of the organization by proper utilization of resources.     

Diverging Measures of Capacity Utilization: An Explanation

In the wake of the recent recovery in manufacturing production, the capacity utilization rates published by the Federal Reserve Board (FRB) have rebounded much more slowly than those published by the Institute for Supply Management (ISM). As a result, some observers have speculated that the manufacturing sector may have considerably less slack than is indicated by the FRB measures. Our view is that the two characterizations of manufacturing slack are not as incongruent as they first appear. This paper discusses the practical and conceptual differences between these measures of capacity utilization, and concludes that the recent divergence simply reflects the character of the latest business cycle. JEL Classification E220     

基于ISM模型的经济适用房区位因子分析

依据十七大报告,中国正在推行经济适用房制度,以解决中低收入阶层的住房和买房难的问题。然而随着经济适用房制度的推进和实施,出现了很多社会问题,究其根本原因是经济适用房区位选择不合理。在以往研究的基础上,运用ISM模型和SPSS软件,对经济适用房的区位因子进行分析,得到经济适用房区位因子的解释结构模型图,并对其进行分析研究。据此提出建议,为政府、城市规划、房地产开发提供参考。