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Publication date: 4 December 2020

Gauri Rajendra Virkar and Supriya Sunil Shinde

Predictive analytics is the science of decision-making that eliminates guesswork out of the decision-making process and applies proven scientific procedures to find right…

Abstract

Predictive analytics is the science of decision-making that eliminates guesswork out of the decision-making process and applies proven scientific procedures to find right solutions. Predictive analytics provides ideas on the occurrences of future downtimes and rejections thereby aids in taking preventive actions before abnormalities occur. Considering these advantages, predictive analytics is adopted in various diverse fields such as health care, finance, education, marketing, automotive, etc. Predictive analytics tools can be used to predict various behaviors and patterns, thereby saving the time and money of its users. Many open-source predictive analysis tools namely R, scikit-learn, Konstanz Information Miner (KNIME), Orange, RapidMiner, Waikato Environment for Knowledge Analysis (WEKA), etc. are freely available for the users. This chapter aims to reveal the best accurate tools and techniques for the classification task that aid in decision-making. Our experimental results show that no specific tool provides the best results in all scenarios; rather it depends upon the datasets and the classifier.

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Article
Publication date: 15 November 2018

Ann-Perry Witmer

This paper aims to introduce a new thought process and associated predictive tool to assist designers of infrastructure for unfamiliar rural societies in understanding the…

Abstract

Purpose

This paper aims to introduce a new thought process and associated predictive tool to assist designers of infrastructure for unfamiliar rural societies in understanding the specific non-engineering influences that can lead to greater effectiveness of engineered infrastructure.

Design/methodology/approach

Using sociological principles, a simple checklist tool has been designed to assess specific societal conditions that may influence intervention outcomes. The tool, when weighted by regional predispositions, allows the designer to incorporate five non-engineering influences into technical design of engineered infrastructure.

Findings

Early deployment of the tool indicates that the predictive process helps to adapt technical designs to societal contexts. It also enhances consultant understanding of the client’s values and needs to achieve a collaborative technical solution.

Research limitations/implications

Long-term outcomes have not been assessed, so additional time is needed to confirm the value of context in design performance. Further evaluations will refine the technical guideline process as well.

Practical implications

Merging sociological understanding with technical design allows engineers to assimilate client values and indigenous beliefs into an infrastructure, preventing rejection due to incompatibility with local context.

Originality/value

The concept of contextual engineering, which melds technical approach with societal influences, is the original contribution of the author, as is the predictive tool.

Details

Journal of Engineering, Design and Technology, vol. 16 no. 6
Type: Research Article
ISSN: 1726-0531

Keywords

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Article
Publication date: 1 December 1996

S. Evans and B. G. Dale

Outlines the main findings of a study of a process in a major organization (involved in the servicing of capital equipment) which seeks to predict customer demand for…

Abstract

Outlines the main findings of a study of a process in a major organization (involved in the servicing of capital equipment) which seeks to predict customer demand for service calls and match these against engineering resources. The process is called the engineer availability process (EAP) and has been examined in two geographical areas of the host company. Among the findings is that, no matter what means are used to predict demand, there is always a need for a flexible revision of supply. This revision can be met between formal and informal clustering of engineers. The former delivers a consistent output of jobs per day across a clustered team whereas with informal clustering, the distribution across teams is less consistent and puts greater pressure on individual teams to match supply and demand.

Details

Business Process Re-engineering & Management Journal, vol. 2 no. 3
Type: Research Article
ISSN: 1355-2503

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Article
Publication date: 1 July 2014

Julian Krumeich, Benjamin Weis, Dirk Werth and Peter Loos

The business operations of today's enterprises are heavily influenced by numerous of internal and external business events. With the Event Driven Architecture and…

Abstract

Purpose

The business operations of today's enterprises are heavily influenced by numerous of internal and external business events. With the Event Driven Architecture and particularly the Complex Event Processing (CEP), the technology required for identifying complex correlations in these large amounts of event data right after its appearance has already emerged. The resulting gain in operational transparency builds the foundation for (near) real-time reactions. This motivated extensive research activities especially in the field of Business Process Management (BPM), which essentially coined the term Event-Driven BPM (EDBPM). Now, several years after the advent of this new concept, the purpose of this paper is to shed light to the question: where are we now on our way towards a sophisticated adoption of the CEP technology within BPM?

Design/methodology/approach

The research methodology of this paper is a structured literature analysis. It basically follows the procedure proposed by vom Brocke et al. (2009). This verified five-step process – entitled “Reconstructing the giant” – allowed a rigorous study. As a result, various research clusters were derived, whose state-of-the-art exposed existing research gaps within EDBPM.

Findings

First of all, the paper provides a concise conceptual basis on different application possibilities of EDBPM. Afterwards, it synthesizes current research into six clusters and highlights most significant work within them. Finally, a research agenda is proposed to tackle existing research gaps to pave the way towards fully realizing the potentials of the paradigm.

Originality/value

So far, a comparable study of the current state-of-the-art within EDBPM is non-existent. The findings of this paper, e.g. the proposed research agenda, help scholars to focus their research efforts on specific aspects that need to be considered in order to advance the adoption of the CEP technology within BPM.

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Article
Publication date: 6 September 2011

Hamida Skandrani, Abdelfattah Triki and Boudour Baratli

This study aims to understand trust meanings, determinants and manifestations in supply chains (SCs) operating in an emerging market context. It also aims to improve our…

Abstract

Purpose

This study aims to understand trust meanings, determinants and manifestations in supply chains (SCs) operating in an emerging market context. It also aims to improve our knowledge about the role of trust and the mechanisms by which it operates in establishing and maintaining relationships between firms in SCs.

Design/methodology/approach

This study adopts an explanatory approach. In‐depth interviews with 30 key informants were conducted. Informants were chief executive officers or marketing managers in firms operating in different economic sectors. Firms varied in size and ranged from small businesses to large companies.

Findings

The study results showed that trust could evolve through four building processes: calculative‐based process, predictive‐based process, intention‐based process, and identification‐based process and that trust meanings and determinants vary with the trust form. Moreover, the study revealed that determinants related to the trustor also have an influence on the trust form and its evolving process. On the other hand, it was found that risk taking, preference for the partner, fewer formalized controls, offers of assistance and psychological security are the main manifestations of trust. This supports the point of view of the twofold facets of trust: perceived trustworthiness and trusting behaviors.

Research limitations/implications

Because of the complexity of the trust phenomenon, and the research approach adopted, the findings may not be generally applicable. Further quantitative studies are needed to test the proposed framework.

Practical implications

Given the globalisation of markets and the widespread increase in international collaborative partnerships, the study sheds some light on how Tunisian managers conceive trust, which factors they perceive most important to develop trust, and how they behave to signal their trust towards a partner. These insights can be very helpful for foreign investors who are willing to invest in this emerging market and to implement a supply chain management approach with Tunisian partners.

Originality/value

This paper fulfils an identified need, not only to better understand the phenomenon of trust in SCs, but also to carry out more studies in situ. Indeed, the rapid development of the global economy has made it more important than ever before for managers from different cultures to understand how their business partners conceive and manage the interpersonal aspects of business relationships.

Details

Qualitative Market Research: An International Journal, vol. 14 no. 4
Type: Research Article
ISSN: 1352-2752

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Article
Publication date: 6 May 2014

Eleonora Bottani, Gino Ferretti, Roberto Montanari and Giuseppe Vignali

– The purpose of this paper is to propose an empirical investigation targeting companies operating in Northern Italy and focusing on some main topics of maintenance.

Abstract

Purpose

The purpose of this paper is to propose an empirical investigation targeting companies operating in Northern Italy and focusing on some main topics of maintenance.

Design/methodology/approach

Through a combined application of factor analysis and cluster analysis, the paper first identified the main approaches implemented by Italian companies with the purpose of preventing failures and reducing their consequences. Then, the paper grouped companies on the basis of such approaches, and derived the profile of each cluster, in terms of both the company's characteristics and some key maintenance elements, including the maintenance policy or the use of advanced techniques to make maintenance interventions more effective.

Findings

Results of this study suggest that the approach to maintenance management could be related to the implementation of specific maintenance policies, as well as to other topics, such as the company characteristics, the use of advanced techniques for enhancing maintenance effectiveness and the criteria used for selecting the maintenance policy.

Research limitations/implications

The sample of companies investigated in this study is quite limited, and prevented the possibility of providing statistical evidence of all outcomes.

Practical implications

The outcomes of this study can be useful for practitioners to understand the positioning of companies towards the implementation of maintenance policies, as a function of their approach to maintenance management.

Originality/value

This study complements previous empirical works on maintenance by exploring the relationships between maintenance management, maintenance policies, the application of different tools and techniques for maintenance management, and the criteria adopted for the maintenance policy selection.

Details

Journal of Quality in Maintenance Engineering, vol. 20 no. 2
Type: Research Article
ISSN: 1355-2511

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Article
Publication date: 11 September 2011

Er‐shun Pan, Yao Jin and Ying Wang

The purpose of this paper is to develop an extensive economic production quantity (EPQ) model on the basis of previous research. Considering an imperfect three‐state…

Abstract

Purpose

The purpose of this paper is to develop an extensive economic production quantity (EPQ) model on the basis of previous research. Considering an imperfect three‐state production process, this paper makes contributions to an integrated model combining conceptions of quality loss and design of control chart based on EPQ model. The objective is to minimize the total production cost with the determination of EPQ and design parameters of control chart subjected to quality loss and other process costs.

Design/methodology/approach

In this paper, imperfect process is defined as a three‐state process, and the quality cost corresponding to each state contributes to the eventual total expected cost formulation. Control chart is used to monitor the shift from the target value within whole process and its control limits are set to be related to the quality cost.

Findings

The proposed integrated model conforms more closely to the real situation of production process considering the process shift as a random variable.

Practical implications

Numerical computation and sensitivity analysis through a case study are presented to demonstrate the applications of the model.

Originality/value

Few research efforts investigate an integrated model considering EPQ, control chart and quality loss simultaneously. In particular, compared with the former researches, the process shift, due to which the quality cost incurs, is considered as a random variable in this paper.

Details

Journal of Manufacturing Technology Management, vol. 22 no. 7
Type: Research Article
ISSN: 1741-038X

Keywords

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Article
Publication date: 1 April 2010

D. Coetsee

Accounting theorists agree that no comprehensive theory of accounting has yet been developed. In the absence of such a theory, the question arises whether sufficient…

Abstract

Accounting theorists agree that no comprehensive theory of accounting has yet been developed. In the absence of such a theory, the question arises whether sufficient accounting principles are created through accounting research. This article acknowledges that accounting principles are not solely the result of academic research and that current accounting practice through its standard‐setting process contributes far more to the development of accounting principles. Hence the role that accounting theory and research should play in developing accounting principles is a vital academic question. The discussion in the article focuses on the normative and descriptive (or the more modern positivistic) approach to the development of accounting theory, the positivistic nature of mainstream accounting research, a possible decision‐useful theory of accounting and the role of interpretative and critical research. All of these developments are beneficial to accounting since they open up accounting to a diversity of research approaches that will collectively improve the status of accounting research and possibly accounting theory. The role that these developments fulfil in creating appropriate accounting principles, however, is debatable.

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Article
Publication date: 1 June 1970

JS DEEKS

An increasing amount of attention is being given to the role of small firms in the country's economy and to the problems they face in improving their efficiency…

Abstract

An increasing amount of attention is being given to the role of small firms in the country's economy and to the problems they face in improving their efficiency. Industrial Training Boards, for example, finding in some cases that as many as 90% of the companies in their scope employ less than 100 persons, have had to think out some practical ways of making sure that small companies can earn training grant. However, much of what is offered in the way of training for the small firm is simply large firm practice adapted and watered down. Very few solutions offered to the small firm's training problems have stemmed from detailed analysis of what those problems are and whether or not they differ in kind rather than in degree from the problems faced by the large company. This is particularly true with management training and development in the context of the small firm. The purpose of this series of three articles is to argue that the situation within which the small firm operates is different from that of the large company, that this difference is reflected in the organisation, finance and operations of the small firm and that it is therefore necessary to identify the particular training needs of the small firm and base training policies and programmes on these needs. The first article puts forward some suggestions as to what the distinguishing marks of the small firm may be, the second looks at three case studies of the work of small firm owner‐managers, and the third tries to assess the implications of both the theoretical view, and of what happens in practice, for the development of training policies that are more in tune with the requirements of small companies.

Details

Industrial and Commercial Training, vol. 2 no. 6
Type: Research Article
ISSN: 0019-7858

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Article
Publication date: 5 August 2014

Minna Niemi-Grundström

Agile methods often refer to software development methodology and practices used in software industry but the elements and principles of agile methods have been used also…

Abstract

Purpose

Agile methods often refer to software development methodology and practices used in software industry but the elements and principles of agile methods have been used also for operational development in various organizations. In general, the agile development process means an incremental work process that promotes the importance of customer satisfaction, collaboration, communication, teamwork, good quality and planned follow-up practices. The paper aims to discuss these issues.

Design/methodology/approach

This paper first presents an overview of agile methods after which it addresses the most relevant ones for developing, evaluating and managing the academic library. The paper discusses the utilization of these methods in the context of an academic library presenting the case of Tampere University of Technology Library.

Findings

After a short practical experience of implementing agility into development processes, the following elements of agility can be considered the most effective and relevant: appreciating the needs of the customers, eliminating the waste, quality assurance, ability to redesign and make decisions fast and empowering the team.

Practical implications

The library of Tampere Univeristy of Technology made an early adoption of the methods in its development projects during 2012. The paper refers to concrete initiatives that have already been taken to improve development processes as well as discuss the challenges when applying agile methods in order to change quite traditional working culture.

Originality/value

The paper discusses what the library can achieve by adapting a fresh approach for developing, evaluating and managing its operations and how the library staff can benefit from the agile way of working.

Details

Library Management, vol. 35 no. 6/7
Type: Research Article
ISSN: 0143-5124

Keywords

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