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In the light of a resurgence of “evolutionary” research, sets out to raise some of the philosophical issues associated with an evolutionary conception of economics. Considers Tony Lawson′s work on transcendental realism as a point of departure in the building of an argument which promotes the adoption of a pluralist and holistic conception of economics. Suggests that, while Lawson′s transcendental realism has largely been developed independently of evolutionary economics, with the modifications outlined it may provide a suitable starting point for the formulation of philosophical foundations of evolutionary economics. Augments Lawson′s argument by the suggested adoption of an organic framework and the notion of types as the means of providing a base for the pluralist outlook of evolutionary economics.

Learning outcomes are as follows: understand venture philanthropy in India; discuss in what ways venture philanthropy is different from charity; identify the aims of venture philanthropy and the strategy adopted to achieve those objectives; analyze the role of the unique structuring of a venture philanthropy working in tandem with the government to achieve its objectives; identify the nature and source of dilemmas of disengagement from a project by the venture philanthropist; and understand the role of antecedents and outcomes on how a firm views its social impact initiative (in the Indian context).

The Faizal and Shabana Foundation (F&SF) made one of the largest philanthropic investments in Kerala, India for the redevelopment of Government Vocational Higher Secondary School for Girls, Nadakkavu. The foundation applied a strategic approach to their philanthropic investment making it a unique case of venture philanthropy. The uniqueness of this case lies in the fact that, this is one among those rare cases where venture philanthropy has been successfully implemented within a government educational context. This case highlights how a private philanthropic organization went about executing a project and faced several challenges of scaling up the redevelopment model to other government schools. The other salient aspect is that this case delves into the dilemma faced by a philanthropist of either using the existing model for scaling up or adopting a totally different model.

Undergraduate and postgraduate business management courses.

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CSS: 11: Strategy.

Request for information (RFI) documents play a pivotal role in seeking clarifications in construction projects. However, perceived as inevitable “non-value adding” tasks, they harbour risks like schedule delays and increased project costs, underlining the importance of strategic RFI management in construction projects. Despite this, a lack of literature dissecting RFI processes impedes a full understanding of their intricacies and impacts. This study aims to bridge the gap through a comprehensive literature review, delving into RFI intricacies and implications, while emphasising the necessity for strategic RFI management to prevent project risks.

This research study systematically reviews RFI-related papers published between 2000 and 2023. Accordingly, the review discusses key themes related to RFI management, yielding best practices for industry stakeholders and highlighting research directions and gaps in the body of knowledge.

Present RFI management platforms exhibit deficiencies and lack analytics essential for streamlined RFI processing. Complications arise in building information modelling (BIM)-enabled projects due to software disparities and interoperability hurdles. The existing body of knowledge heavily relies on manual content analysis, an impractical approach for the construction industry. The proposed research direction involves automated comprehension of unstructured RFI content using advanced text mining and natural language processing techniques, with the potential to greatly elevate the efficiency of RFI processing.

The study extends the RFI literature by providing novel insights into the problemetisation with the RFI process, offering a holistic understanding and best practices to minimise adverse effects. Additionally, the paper synthesises RFI processes in traditional and BIM-enabled project settings, maps a causal-loop diagram to identify associated issues and summarises approaches for extracting knowledge from the unstructured content of RFIs. The outcomes of this review stand to offer invaluable insights to both industry practitioners and researchers, enabling and promoting the refinement of RFI processes within the construction domain.

This paper presents an analysis of the current debate on “global marketing” and the degree to which multinational firms can standardise their marketing practices across countries. World markets are getting increasingly homogenised but the authors contend that the framework and associated propositions generated in the paper could help multinational firms determine the degree of standardisation that is possible in different markets.

To analyze two‐phase flow in micro‐channel heat exchangers used for high flux micro‐electronics cooling and to obtain performance parameters such as thermal resistance, pressure drop, etc. Both uniform and non‐uniform micro‐channel base heat fluxes are considered.

Energy balance equations are developed for two‐phase flow in micro‐channels and are solved using the finite element method (FEM). A unique ten noded element is used for the channel descritization. The formulation also automatically takes care of single‐phase flow in the micro‐channel.

Micro‐channel wall temperature distribution, thermal resistance and the pressure drop for various uniform micro‐channel base heat fluxes are obtained, both for single‐ and two‐phase flows in the micro‐channel. Results are compared against data available in the literature. The wall temperature distribution for a particular case of non‐uniform base heat flux is also obtained.

The analysis is done for a single micro‐channel and the effects of multiple or stacked channels are not considered. The analysis needs to be carried out for higher heat fluxes and the validity of the correlation needs to be ascertained through experimentation. Effects of flow mal‐distribution in multiple channels, etc. need to be considered.

The role of two‐phase flow in micro‐channels for high flux micro‐electronics cooling in reducing the thermal resistance is demonstrated. The formulation is very useful for the thermal design and management of microchannels with both single‐ and two‐phase flows for either uniform or non‐uniform base heat flux.

A simple approach to accurately determine the thermal resistance in micro‐channels with two‐phase flow, for both uniform and non‐uniform base heat fluxes is the originality of the paper.

Taguchi's technique is best suited to optimize a single performance characteristic yielding an optimal setting of process parameters. A single setting of process parameters may be optimal for one quality characteristics but the same setting may yield detrimental results for other quality features. Thus the purpose of this paper is to describe simultaneous optimization of multi‐characteristics.

The multi‐machining characteristics have been optimized simultaneously using Taguchi's parameter design approach and the utility concept. The paper used a single performance index, utility value, as a combined response indicator of several responses.

A simplified model based on Taguchi's approach and utility concept is used to determine the optimal settings of the process parameters for a multi‐characteristic product. The model is used to predict optimal settings of turning process parameters to yield the optimum quality characteristics of En24 steel turned parts using TiC coated carbide inserts. The optimal values obtained using the multi‐characteristic optimization model have been validated by confirmation experiments. The model can be extended to any number of quality characteristics provided proper utility scales for the characteristics are available from the realistic data.

The proposed methodology can be applied to those industrial situations where a number of responses are to be optimized simultaneously.

The paper discusses a case study on En24 steel turned parts using titanium carbide coated tungsten carbide inserts. The material, En24 steel, has wide applications in aerospace, machine tools, automobiles, etc. The proposed algorithm is easy to apply.