Abstract: Supply chain (SC) is an operational research (OR)
approach and technique which acts as catalyst within central nervous
system of business today. Without SC, any type of business is at
doldrums, hence entropy. SC is the lifeblood of business today
because it is the pivotal hub which provides imperative competitive
advantage. The paper present a conceptual framework dubbed as
Homomorphic Conceptual Framework for Effective Supply Chain
Strategy (HCEFSC).The term Homomorphic is derived from abstract
algebraic mathematical term homomorphism (same shape) which
also embeds the following mathematical application sets:
monomorphisms, isomorphism, automorphisms, and endomorphism.
The HCFESC is intertwined and integrated with wide and broad sets
of elements.
Abstract: The globalization of markets, the need to develop
competitive advantages and core competencies, among other things,
lead organizations to increasingly cross borders to operate in other
countries. The expatriation of professionals who go to work in
another country besides their own becomes increasingly common. In
order to generate data about this issue, research was conducted
concerning the perception of expatriate employees concerning
expatriation success. The research method used was case study
through a qualitative approach. This research was done through
interviews with five India expatriates and five China expatriates,
interview with expatriate department heads and analysis of company
documents. It was found that there are differences between the
organizational perception and perception of expatriates of what
constitutes mission success. The paper also provides suggestions for
further research and suggestions for future expatriates.
Abstract: This study examines the credibility of the signaling as
explanation for IPO initial underpricing. Findings reveal the initial
underpricing and the long-term underperformance of IPOs in Taiwan.
However, we only find weak support for signaling as explanation of
IPO underpricing.
Abstract: In this article, we have elaborated a study over the
nature of financial intermediation in Islamic banks by comparison to
those of conventional ones. We have found a striking difference
between two kinds of intermediation. We tried, from another side, to
study the relationship between the capital level and deficiency risk
relying on econometric model, and we have obtained a positive and
significant relation between the capital and the deficiency risk for the
conventional banks. This means that when the capital of these banks
increases, the deficiency risk increases as well. In return, since the
Islamic banks are constrained to respect the Sharia Committee as well
as customers’ demands that may, in certain contracts, choose to
invest their capitals in projects they are interested in. These
constraints have as effects to reduce the deficiency risk even when
the capital increases.
Abstract: There is decagram of strategic decisions of operations
and production/service management (POSM) within operational
research (OR) which must collate, namely: design, inventory, quality,
location, process and capacity, layout, scheduling, maintain ace, and
supply chain. This paper presents an architectural configuration
conceptual framework of a decagram of sets decisions in a form of
mathematical complete graph and abelian graph.
Mathematically, a complete graph is undirected (UDG), and
directed (DG) a relationship where every pair of vertices is
connected, collated, confluent, and holomorphic.
There has not been any study conducted which, however,
prioritizes the holomorphic sets which of POMS within OR field of
study. The study utilizes OR structured technique known as The
Analytic Hierarchy Process (AHP) analysis for organizing, sorting
and prioritizing(ranking) the sets within the decagram of POMS
according to their attribution (propensity), and provides an analysis
how the prioritization has real-world application within the 21st
century.
Abstract: Cost of governance in Nigeria has become a challenge
to development and concern to practitioners and scholars alike in the
field of business and social science research. In the 2010 national
budget of NGN4.6 trillion or USD28.75billion for instance, only a
pantry sum of NGN1.8trillion or USD11.15billion was earmarked for
capital expenditure. Similarly, in 2013, out of a total national budget
of NGN4.92trillion or USD30.75billion, only the sum of
NGN1.50trllion or USD9.38billion was voted for capital expenditure.
Therefore, based on the data sourced from the Nigerian Office of
Statistics, Central bank of Nigeria Statistical Bulletin as well as from
the United Nations Development Programme, this study examined
the causes of high cost of governance in Nigeria. It found out that the
high cost of governance in the country is in the interest of the ruling
class, arising from their unethical behaviour – corrupt practices and
the poor management of public resources. As a result, the study
recommends the need to intensify the war against corruption and
mismanagement of public resources by government officials as
possible solution to overcome the high cost of governance in Nigeria.
This could be achieved by strengthening the constitutional powers of
the various anti-corruption agencies in the area of arrest, investigation
and prosecution of offenders without the interference of the executive
arm of government either at the local, state or federal level.
Abstract: The purpose of this study is to examine the possible
link between employee and customer satisfaction. The service
provided by employees, help to build a good relationship with
customers and can help at increasing their loyalty. Published data for
job satisfaction and indicators of customer services of banks were
gathered from relevant published works which included data from
five different countries. The scores of customers and employees
satisfaction of the different published works were transformed and
normalized to the scale of 1 to 100. The data were analyzed and a
regression analysis of the two parameters was used to describe the
link between employee’s satisfaction and customer’s satisfaction.
Assuming that employee satisfaction has a significant influence on
customer’s service and the resulting customer satisfaction, the
reviewed data indicate that employee’s satisfaction contributes
significantly on the level of customer satisfaction in the Banking
sector. There was a significant correlation between the two
parameters (Pearson correlation R2=0.52 P
Abstract: Cloud computing (CC) has already gained overall
appreciation in research and practice. Whereas the willingness to
integrate cloud services in various IT environments is still unbroken,
the previous CC procurement processes run mostly in an unorganized
and non-standardized way. In practice, a sufficiently specific, yet
applicable business process for the important acquisition phase is
often lacking. And research does not appropriately remedy this
deficiency yet. Therefore, this paper introduces a field-tested
approach for CC procurement. Based on an extensive literature
review and augmented by expert interviews, we designed a model
that is validated and further refined through an in-depth real-life case
study. For the detailed process description, we apply the event-driven
process chain notation (EPC). The gained valuable insights into the
case study may help CC research to shift to a more socio-technical
area. For practice, next to giving useful organizational instructions
we will provide extended checklists and lessons learned.
Abstract: The study is a review of the literature concerning the
consequences of non-standard monetary policy, which are used by
central banks during unconventional periods, threatening banking
sector instability. In particular, the attention was paid to the effects of
non-standard monetary policy tools for financial markets. However,
the empirical evidence about their effects and real consequences for
financial markets is still not final. The main aim of the study is to
survey consequences of standard and non-standard monetary policy
instruments, implemented during the global financial crisis in the
United States, United Kingdom and euro area, with particular
attention to the results for the stabilization of global financial
markets. The study consists mainly of the empirical review,
indicating the impact of the implementation of these tools for
financial markets. The following research methods were used in the
study: literature studies, including domestic and foreign literature,
cause and effect analysis and statistical analysis.
Abstract: This study examines several critical dimensions of eservice
quality overlooked in the existing literature and proposes a
model and instrument framework for measuring customer perceived
e-service quality in the banking sector. The initial design was derived
from a pool of instrument dimensions and their items from the
existing literature review by content analysis. Based on focused
group discussion, nine dimensions were extracted. An exploratory
factor analysis approach was applied to data from a survey of 323
respondents. The instrument has been designed specifically for the
banking sector. Research data was collected from bank customers
who use electronic banking in a developing economy. A nine-factor
instrument has been proposed to measure the e-service quality. The
instrument has been checked for reliability. The validity and sample
place limited the applicability of the instrument across economies and
service categories. Future research must be conducted to check the
validity. This instrument can help bankers in developing economies
like India to measure the e-service quality and make improvements.
The present study offers a systematic procedure that provides insights
on to the conceptual and empirical comprehension of customer
perceived e-service quality and its constituents.
Abstract: Many issues about the relationship between auditors in
auditing practices with its stakeholders often heard. It appears in
perspectives of bringing out the variety of phenomena affecting from
the audit practice of greed and not appreciating from the
independency of the audit profession and professional code of ethics.
It becomes a logical consequence in practicing of capitalism in
accounting. The main purpose of this article would like to uncover
the existing auditing practices in Indonesia, especially in Java that
associated with a strong influence of Javanese culture with reluctant
/”shy", politely, "legowo (gratefully accepted)", "ngemong"
(friendly), "not mentholo" (lenient), "tepo seliro" (tolerance),
"ngajeni" (respectful), "acquiescent" and also reveals its relationships
with Non Javanese culture in facing the conflict of interest in
practical of auditing world. The method used by interpretive
approach that emphasizes the role of language, interpret and
understand and see social reality as something other than a label,
name or concept. Global practices in auditing of each country have
particular cultures that affect the standard set by those regulatory
standards results the adaptation of IAS. The majority of parties in
Indonesia is dominated by Javanese racial regulators, so Java culture
is embedded in every audit practices and those conditions in Java
leads auditors in having similar behaviour, sometimes interfere with
standard Java code of conduct must be executed by an auditor.
Auditors who live in Java have the characters of Javanese culture that
is hard to avoid in the audit practice. However, practically, the
auditors still are relevant in their profession.
Abstract: Collaborative technologies or software known as
groupware are key enabling tools for communication, collaboration
and co-ordination among individuals, work groups and businesses.
Available reviews of the groupware literature are very few,
and mostly neither systematic nor recent.
This paper is an effort to fill this gap, and to provide researchers,
with a more up-to-date and wide systematic literature review. For this
purpose, 1087 scholarly articles, published from 1990 to 2013, on the
topic of groupware, were collected by the literature search. The study
here adopted the systematic approach of lexical analysis for the
analysis of those articles.
Abstract: This review emphasizes the effectiveness of men’s
participation in preventing domestic violence, and whether nonviolent
(NV) boys’ and men’s perceptions of intimate partner
violence (IPV) prevention programs affect their involvement. The
main goals of this assessment were to investigate (1) how NV men
engaged in anti-violence prevention programs that empower women,
(2) what were the possible perceptions of NV men involved in
prevention programs (3) how to identify effective approaches and
strategies that encouraged NV men to become involved in prevention
programs. This critical review also included the overview of
prevention programs such as: The Mentors in Violence Prevention
Programs (MVP), The White Ribbon Campaign (WRC), and
Domestic Violence Prevention Enhancement and Leadership through
Alliances (DELTA). The review suggested that (1) the expanding
prevention programs need to reach more macro settings such as work
place, faith-based and other community based organizations, and (2)
territory prevention programs should expand through addressing the
long-term effects of violence.
Abstract: Arising problems of countries’ public finances, social
and demographic changes motivate scientific and policy debates on
public spending size, structure and efficiency in order to meet the
changing needs of society and business. The concept of sustainable
development poses new challenges for scientists and policy-makers
in the field of public finance. This paper focuses on the investigation
of the relationship between government expenditure and country’s
economic development in the context of sustainable development.
Empirical analysis focuses on the data of the European Union (except
Croatia and Luxemburg) countries. The study covers 2003 – 2012
years, using annual cross-sectional data. Summarizing the research
results, it can be stated that governments should pay more attention to
the needs that ensure sustainable development in the long-run when
formulating public expenditure policy, particularly in the field of
environment protection.
Abstract: Load modeling is one of the central functions in
power systems operations. Electricity cannot be stored, which means
that for electric utility, the estimate of the future demand is necessary
in managing the production and purchasing in an economically
reasonable way. A majority of the recently reported approaches are
based on neural network. The attraction of the methods lies in the
assumption that neural networks are able to learn properties of the
load. However, the development of the methods is not finished, and
the lack of comparative results on different model variations is a
problem. This paper presents a new approach in order to predict the
Tunisia daily peak load. The proposed method employs a
computational intelligence scheme based on the Fuzzy neural
network (FNN) and support vector regression (SVR). Experimental
results obtained indicate that our proposed FNN-SVR technique gives
significantly good prediction accuracy compared to some classical
techniques.
Abstract: This paper examines how “Zakat” provides fair
income redistribution and aids the struggle against poverty. Providing
fair income redistribution and combating poverty constitutes some of
the fundamental tasks performed by countries all over the world.
Each country seeks a solution for these problems according to their
political, economic and administrative styles through applying
various economic and financial policies. The same situation can be
handled via “zakat” association in Islam. Nowadays, we observe
different versions of “zakat” in developed countries. Applications
such as negative income tax denote merely a different form of
“zakat” that is being applied almost in the same way but under
changed names. However, the minimum values to donate under zakat
(e.g. 85 gr. gold and 40 animals) get altered and various amounts are
put into practice. It might be named as negative income tax instead of
zakat, nonetheless, these applications are based on the Holy Koran
and the hadith released 1400 years ago. Besides, considering the
savage and slavery in the world at those times, we might easily
recognize the true value of the zakat being applied for the first time
then in the Islamic system. Through zakat, governments are able to
transfer incomes to the poor as a means of enabling them achieve the
minimum standard of living required. With regards to who benefits
from the Zakat, an objective and fair criteria was used to determine
who benefits from the zakat contrary to the notion that it was based
on peoples’ own choices. Since the zakat is obligatory, the transfers
do not get forwarded directly but via the government and get
distributed, which requires vast governmental organizations. Through
the application of Zakat, reduced levels of poverty can be achieved
and also ensure the fair income redistribution.
Abstract: The purpose of this paper is to examine the hypothesis
explaining the mechanism in the case, where the product is deleted or
reduced the fundamental function of the product through the product
concept changes in the digital camera industry. This paper points out
not owning the fundamental technology might cause the change of the
product concept. Casio could create new competitive factor so that this
paper discusses a possibility of the mechanism of changing the product
concept.
Abstract: The organizations in the knowledge economy era have
recognized the importance of building knowledge assets for
sustainable growth and development. In comparison to other
industries, Information Technology (IT) enterprises, holds an edge in
developing an effective Knowledge Management (KM) programmethanks
to their in-house technological abilities. This paper tries to
study the various knowledge based incentive programmes and its
effect on Knowledge Sharing and Learning in the context of the
Indian IT sector. A conceptual model is developed linking KM
Incentives, Knowledge Sharing and Learning. A questionnaire study
is conducted to collect primary data from the knowledge workers of
the IT organizations located in India. The data was analysed using
Structural Equation Modeling using Partial Least Square method. The
results show a strong influence of knowledge management incentives
on knowledge sharing and an indirect influence on learning.
Abstract: Various personality profile tests are used to identify
personality strengths and limits in individuals, helping both
individuals and managers to optimize work and team effort in
organizations. One such test, the Hartman’s personality profile,
emphasizes four driving "core motives" influenced or affected by
both strengths and limitations classified into four colors: Red -
motivated by power; Blue - discipline and loyalty; White - peace; and
Yellow – fun loving. Two shortcomings of Hartman’s personality test
are noted; 1) only one selection for every item / situation allowed and
2) selection of an item / option even if not applicable. A test taker
may be as much nurturing as he is opinionated but since
“opinionated” seems less attractive the individual would likely select
nurturing, causing a misidentification in personality strengths and
limits. Since few individuals have a “strong” personality, it is
difficult to assess their true personality strengths and limits allowing
only one choice or requiring unwanted choices, undermining the
potential of the test. We modified Hartman’s personality profile
allowing test takers to make either multiple choices for any item /
situation or leave them blank if applicable. Sixty-eight participants
(38 males and 30 females), 17 - 49 years old, from countries in Asia,
Europe, N. America, CIS, Africa, Latin America, and Oceania were
included. 58 participants (85.3%) reported the modified test, allowing
multiple / no choices better identified their personality strengths and
limits, while 10 participants (14.7%) expressed the original (one
choice version) was sufficient. The overall results show that our
modified test enhanced the identification and balance of core
personalities’ strengths and limits, aiding test takers, managers and
organizations to better assess individual characteristics, particularly
useful in making task-related, teamwork, and management decisions.
Abstract: Our goal is development of an algorithm capable of
predicting the directional trend of the Standard and Poor’s 500 index
(S&P 500). Extensive research has been published attempting to
predict different financial markets using historical data testing on an
in-sample and trend basis, with many authors employing excessively
complex mathematical techniques. In reviewing and evaluating these
in-sample methodologies, it became evident that this approach was
unable to achieve sufficiently reliable prediction performance for
commercial exploitation. For these reasons, we moved to an out-ofsample
strategy based on linear regression analysis of an extensive
set of financial data correlated with historical closing prices of the
S&P 500. We are pleased to report a directional trend accuracy of
greater than 55% for tomorrow (t+1) in predicting the S&P 500.