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To respond to customer needs and achieve customized manufacturing, the manufacturing industry, as represented by electronics assembly companies, has embarked on a path of business model transformation (customer to manufacturer [C2M]). The purpose of this paper is to examine the practical application of assembly line-Seru conversion in a Chinese electronics assembly company during the C2M transition.

To begin with, this paper proposed a production line improvement scheme suitable for the conversion of C2M manufacturing enterprise assembly line-Seru based on an analysis of the difficulties encountered in the existing production line of A company in China. Then, a mathematical model was presented for the minimum value of the makespan and the maximum workers’ expenditure between Serus. Finally, the SA-NSGA-II algorithm and the entropy-weight TOPSIS approach were used to determine the optimal scheme for Seru unit, batch, product type and worker distribution.

Seru production and multiskilled workers are more suited to the C2M business model. The most effective strategy for worker allocation can reduce the number of employees and makespan in Serus. Additionally, the performance of the SA-NSGA-II algorithm and the method of selecting the optimal solution from the Pareto solution by the entropy-weighted TOPSIS method is also demonstrated.

Through a detailed study of how to transform the production line, other companies can apply the methods outlined in this article to shorten the delivery time, make full use of the abilities of workers and assign workers to specific positions, thereby reducing the number of workers, workers’ expenditure and improving the balance rate of production lines.

Given the scarcity of studies on the production method of C2M-type firms in the prior literature, this paper examined the assembly line-Seru conversion problem with the goal of minimizing the makespan and worker expenditure. To address the NSGA-II algorithm’s insufficient convergence, the simulated annealing process is incorporated into the method, which improves the optimization performance.

This study examines the effects of COVID-19 on individual, organizational and societal level as perceived by nurses in China.

We draw on two qualitative studies consisting of 483 qualitative surveys and 28 in-depth interviews with nurses in China.

The pandemic has enhanced the profile of the nursing profession in Chinese society and has led to an increase in recognition, respect and visibility of nurses. In addition, participants point to an improved workplace culture in which there is a strong sense of pride in the collective effort they put. Simultaneously, however, nurses reported how COVID-19 was perceived to be detrimental to their own psychological well-being, while also interfering with their work–life balance.

The data reveal the paradoxal effects of COVID-19 on nurses in China. On societal and organizational level, the pandemic seems to have had a positive effect, while on individual level a range of perceived negative effects is identified.

This study examines the effects of comparable companies, within the same industry, on cash-holding (CH) levels of a specific firm in the Stock Exchange of Thailand (SET). Peer effects are hypothesized to affect a firm's average CH levels.

The authors use data of listed firms in the Thai stock markets from 1995 to 2018. The sample consists of 5,277 firm-year observations. The authors perform robustness tests by incorporating gross domestic product, economy and competitiveness.

Peer firms' CH levels correspond positively to the specific firm's CH. This strengthens further for firms with high cash flow volatility during periods of high competition. Unfavorable economic periods also motivate the association between a firm's CH and peer firms' CH.

A policy on CH should account for cash held by peer firms. Firms can justify their CH policy as compatible with peers' cash flows, especially during periods of competitiveness and an unfavorable economy.

The authors provide novel evidence on how emerging markets' CH levels differ from those in developed markets and propose adjusted explanations for the rivalry- and information-based theories. The findings add substantial knowledge to corporate finance by arguing that CH policies are based on peer firms' strategic moves.