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Shows that the hedonic (or implicit) values associated with work activities can be derived in three ways: simultaneous equations technique, multiple linear regression analysis, and dual variables in a labour mix optimization model. Demonstrates consistency between the results of using each model. Concludes that hedonic values are not an artifact of a particular model but a natural and fundamental economic characteristic of work.
The economic justification of investments in information technology (IT) is a basic issue for IT management in private and in public‐sector organisations. Usually, the…
The economic justification of investments in information technology (IT) is a basic issue for IT management in private and in public‐sector organisations. Usually, the expenses made for any investment are compared to the cost saved. While the costs for implementing a new system are uncertain, only a small percentage of the benefits accrues as cost savings given the type of IT systems used today and the particularities of the public‐sector. In this paper, we present a methodology for the monetary quantification of the benefits resulting from the introduction of a modern IT application and demonstrate its use on the basis of a case of prison administration.
This special “Anbar Abstracts” issue of the Journal of Management in Medicine is split into six sections covering abstracts under the following headings: General Management; Personnel and Training; Quality in Health Care; Health Care Marketing; Financial Management; Information Technology.
OCLC has had many inquiries about whether microcomputers with hard disk drives should be turned off at the end of each day. When the M300 Workstation was introduced, OCLC recommended that the unit be left on except for long periods of non‐use (for example, holiday week‐ends). That recommendation was based on longstanding experience with the 1XX terminals, which have no moving parts.
The purpose of this study is to formulate the most probable future scenario for the use of blockchain technology within the next 5–10 years in the electricity sector based…
The purpose of this study is to formulate the most probable future scenario for the use of blockchain technology within the next 5–10 years in the electricity sector based on today’s experts’ views.
An international, two-stage Delphi study with 20 projections is used.
According to the experts, blockchain applications will be primarily based on permissioned or consortium blockchains. Blockchain-based applications will integrate Internet of Things devices in the power grid, manage the e-mobility infrastructure, automate billing and direct payment and issue certificates regarding the origin of electricity. Blockchain solutions are expected to play an important big role in fostering peer-to-peer trading in microgrids, further democratizing and decentralizing the energy sector. New regulatory frameworks become necessary.
The Delphi study’s scope is rather broad than narrow and detailed. Further studies should focus on partial scenarios.
Electricity market participants should build blockchain-based competences and collaborate in current pilot projects.
Blockchain technology will further decentralize the energy sector and probably reduce transaction costs.
Despite the assumed importance of blockchain technology, no coherent foresight study on its use and implications exists yet. This study closes this research gap.