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Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely, innovative thought structures and attitudes have almost always forced economic institutions and modes of behaviour to adjust. We learn from the history of economic doctrines how a particular theory emerged and whether, and in which environment, it could take root. We can see how a school evolves out of a common methodological perception and similar techniques of analysis, and how it has to establish itself. The interaction between unresolved problems on the one hand, and the search for better solutions or explanations on the other, leads to a change in paradigma and to the formation of new lines of reasoning. As long as the real world is subject to progress and change scientific search for explanation must out of necessity continue.

Information and communications technology (ICT) offers enormous opportunities for individuals, businesses and society. The application of ICT is equally important to economic and non-economic activities. Researchers have increasingly focused on the adoption and use of ICT by small and medium enterprises (SMEs) as the economic development of a country is largely dependent on them. Following the success of ICT utilisation in SMEs in developed countries, many developing countries are looking to utilise the potential of the technology to develop SMEs. Past studies have shown that the contribution of ICT to the performance of SMEs is not clear and certain. Thus, it is crucial to determine the effectiveness of ICT in generating firm performance since this has implications for SMEs’ expenditure on the technology. This research examines the diffusion of ICT among SMEs with respect to the typical stages from innovation adoption to post-adoption, by analysing the actual usage of ICT and value creation. The mediating effects of integration and utilisation on SME performance are also studied. Grounded in the innovation diffusion literature, institutional theory and resource-based theory, this study has developed a comprehensive integrated research model focused on the research objectives. Following a positivist research paradigm, this study employs a mixed-method research approach. A preliminary conceptual framework is developed through an extensive literature review and is refined by results from an in-depth field study. During the field study, a total of 11 SME owners or decision-makers were interviewed. The recorded interviews were transcribed and analysed using NVivo 10 to refine the model to develop the research hypotheses. The final research model is composed of 30 first-order and five higher-order constructs which involve both reflective and formative measures. Partial least squares-based structural equation modelling (PLS-SEM) is employed to test the theoretical model with a cross-sectional data set of 282 SMEs in Bangladesh. Survey data were collected using a structured questionnaire issued to SMEs selected by applying a stratified random sampling technique. The structural equation modelling utilises a two-step procedure of data analysis. Prior to estimating the structural model, the measurement model is examined for construct validity of the study variables (i.e. convergent and discriminant validity).

The estimates show cognitive evaluation as an important antecedent for expectation which is shaped primarily by the entrepreneurs’ beliefs (perception) and also influenced by the owners’ innovativeness and culture. Culture further influences expectation. The study finds that facilitating condition, environmental pressure and country readiness are important antecedents of expectation and ICT use. The results also reveal that integration and the degree of ICT utilisation significantly affect SMEs’ performance. Surprisingly, the findings do not reveal any significant impact of ICT usage on performance which apparently suggests the possibility of the ICT productivity paradox. However, the analysis finally proves the non-existence of the paradox by demonstrating the mediating role of ICT integration and degree of utilisation explain the influence of information technology (IT) usage on firm performance which is consistent with the resource-based theory. The results suggest that the use of ICT can enhance SMEs’ performance if the technology is integrated and properly utilised. SME owners or managers, interested stakeholders and policy makers may follow the study’s outcomes and focus on ICT integration and degree of utilisation with a view to attaining superior organisational performance.

This study urges concerned business enterprises and government to look at the environmental and cultural factors with a view to achieving ICT usage success in terms of enhanced firm performance. In particular, improving organisational practices and procedures by eliminating the traditional power distance inside organisations and implementing necessary rules and regulations are important actions for managing environmental and cultural uncertainties. The application of a Bengali user interface may help to ensure the productivity of ICT use by SMEs in Bangladesh. Establishing a favourable national technology infrastructure and legal environment may contribute positively to improving the overall situation. This study also suggests some changes and modifications in the country’s existing policies and strategies. The government and policy makers should undertake mass promotional programs to disseminate information about the various uses of computers and their contribution in developing better organisational performance. Organising specialised training programs for SME capacity building may succeed in attaining the motivation for SMEs to use ICT. Ensuring easy access to the technology by providing loans, grants and subsidies is important. Various stakeholders, partners and related organisations should come forward to support government policies and priorities in order to ensure the productive use of ICT among SMEs which finally will help to foster Bangladesh’s economic development.

In the last four years, since Volume I of this Bibliography first appeared, there has been an explosion of literature in all the main functional areas of business. This wealth of material poses problems for the researcher in management studies — and, of course, for the librarian: uncovering what has been written in any one area is not an easy task. This volume aims to help the librarian and the researcher overcome some of the immediate problems of identification of material. It is an annotated bibliography of management, drawing on the wide variety of literature produced by MCB University Press. Over the last four years, MCB University Press has produced an extensive range of books and serial publications covering most of the established and many of the developing areas of management. This volume, in conjunction with Volume I, provides a guide to all the material published so far.

Investigates the differences in protocols between arbitral tribunals and courts, with particular emphasis on US, Greek and English law. Gives examples of each country and its way of using the law in specific circumstances, and shows the variations therein. Sums up that arbitration is much the better way to gok as it avoids delays and expenses, plus the vexation/frustration of normal litigation. Concludes that the US and Greek constitutions and common law tradition in England appear to allow involved parties to choose their own judge, who can thus be an arbitrator. Discusses e‐commerce and speculates on this for the future.

To develop a new computational tool for predicting failure probability of structural/mechanical systems subject to random loads, material properties, and geometry.

High dimensional model representation (HDMR) is a general set of quantitative model assessment and analysis tools for capturing the high‐dimensional relationships between sets of input and output model variables. It is a very efficient formulation of the system response, if higher order variable correlations are weak and if the response function is dominantly of additive nature, allowing the physical model to be captured by the first few lower order terms. But, if multiplicative nature of the response function is dominant then all right hand side components of HDMR must be used to be able to obtain the best result. However, if HDMR requires all components, which means 2^N number of components, to get a desired accuracy, making the method very expensive in practice, then factorized HDMR (FHDMR) can be used. The component functions of FHDMR are determined by using the component functions of HDMR. This paper presents the formulation of FHDMR approximation of a multivariate limit state/performance function, which is dominantly of multiplicative nature. Given that conventional methods for reliability analysis are very computationally demanding, when applied in conjunction with complex finite element models. This study aims to assess how accurately and efficiently HDMR/FHDMR based approximation techniques can capture complex model output uncertainty. As a part of this effort, the efficacy of HDMR, which is recently applied to reliability analysis, is also demonstrated. Response surface is constructed using moving least squares interpolation formula by including constant, first‐order and second‐order terms of HDMR and FHDMR. Once the response surface form is defined, the failure probability can be obtained by statistical simulation.

Results of five numerical examples involving structural/solid‐mechanics/geo‐technical engineering problems indicate that the failure probability obtained using FHDMR approximation for the limit state/performance function of dominantly multiplicative in nature, provides significant accuracy when compared with the conventional Monte Carlo method, while requiring fewer original model simulations.

This is the first time where application of FHDMR concepts is explored in the field of reliability and system safety. Present computational approach is valuable to the practical modeling and design community, where user often suffers from the curse of dimensionality.

The purpose of this paper is to determine both analytically and numerically the existence of smooth, cusped and sharp shock wave solutions to a one-dimensional model of microfluidic droplet ensembles, water flow in unsaturated flows, infiltration, etc., as functions of the powers of the convection and diffusion fluxes and upstream boundary condition; to study numerically the evolution of the wave for two different initial conditions; and to assess the accuracy of several finite difference methods for the solution of the degenerate, nonlinear, advection--diffusion equation that governs the model.

The theory of ordinary differential equations and several explicit, finite difference methods that use first- and second-order, accurate upwind, central and compact discretizations for the convection terms are used to determine the analytical solution for steadily propagating waves and the evolution of the wave fronts from hyperbolic tangent and piecewise linear initial conditions to steadily propagating waves, respectively. The amplitude and phase errors of the semi-discrete schemes are determined analytically and the accuracy of the discrete methods is assessed.

For non-zero upstream boundary conditions, it has been found both analytically and numerically that the shock wave is smooth and its steepness increases as the power of the diffusion term is increased and as the upstream boundary value is decreased. For zero upstream boundary conditions, smooth, cusped and sharp shock waves may be encountered depending on the powers of the convection and diffusion terms. For a linear diffusion flux, the shock wave is smooth, whereas, for a quadratic diffusion flux, the wave exhibits a cusped front whose left spatial derivative decreases as the power of the convection term is increased. For higher nonlinear diffusion fluxes, a sharp shock wave is observed. The wave speed decreases as the powers of both the convection and the diffusion terms are increased. The evolution of the solution from hyperbolic tangent and piecewise linear initial conditions shows that the wave back adapts rapidly to its final steady value, whereas the wave front takes much longer, especially for piecewise linear initial conditions, but the steady wave profile and speed are independent of the initial conditions. It is also shown that discretization of the nonlinear diffusion flux plays a more important role in the accuracy of first- and second-order upwind discretizations of the convection term than either a conservative or a non-conservative discretization of the latter. Second-order upwind and compact discretizations of the convection terms are shown to exhibit oscillations at the foot of the wave’s front where the solution is nil but its left spatial derivative is largest. The results obtained with a conservative, centered second--order accurate finite difference method are found to be in good agreement with those of the second-order accurate, central-upwind Kurganov--Tadmor method which is a non-oscillatory high-resolution shock-capturing procedure, but differ greatly from those obtained with a non-conservative, centered, second-order accurate scheme, where the gradients are largest.

A new, one-dimensional model for microfluidic droplet transport, water flow in unsaturated flows, infiltration, etc., that includes high-order convection fluxes and degenerate diffusion, is proposed and studied both analytically and numerically. Its smooth, cusped and sharp shock wave solutions have been determined analytically as functions of the powers of the nonlinear convection and diffusion fluxes and the boundary conditions. These solutions are used to assess the accuracy of several finite difference methods that use different orders of accuracy in space, and different discretizations of the convection and diffusion fluxes, and can be used to assess the accuracy of other numerical procedures for one-dimensional, degenerate, convection--diffusion equations.

Knight's Industrial Law Reports goes into a new style and format as Managerial Law This issue of KILR is restyled Managerial Law and it now appears on a continuous updating basis rather than as a monthly routine affair.

The purpose of this paper is to describe and analyse a class of finite element fractional step methods for solving the incompressible Navier-Stokes equations. The objective is not to reproduce the extensive contributions on the subject, but to report on long-term experience with and provide a unified overview of a particular approach: the characteristic-based split method. Three procedures, the semi-implicit, quasi-implicit and fully explicit, are studied and compared.

This work provides a thorough assessment of the accuracy and efficiency of these schemes, both for a first and second order pressure split.

In transient problems, the quasi-implicit form significantly outperforms the fully explicit approach. The second order (pressure) fractional step method displays significant convergence and accuracy benefits when the quasi-implicit projection method is employed. The fully explicit method, utilising artificial compressibility and a pseudo time stepping procedure, requires no second order fractional split to achieve second order or higher accuracy. While the fully explicit form is efficient for steady state problems, due to its ability to handle local time stepping, the quasi-implicit is the best choice for transient flow calculations with time independent boundary conditions. The semi-implicit form, with its stability restrictions, is the least favoured of all the three forms for incompressible flow calculations.

A comprehensive comparison between three versions of the CBS method is provided for the first time.

A distinction must be drawn between a dismissal on the one hand, and on the other a repudiation of a contract of employment as a result of a breach of a fundamental term of that contract. When such a repudiation has been accepted by the innocent party then a termination of employment takes place. Such termination does not constitute dismissal (see London v. James Laidlaw & Sons Ltd (1974) IRLR 136 and Gannon v. J. C. Firth (1976) IRLR 415 EAT).