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1 – 10 of 26The purpose of this paper is to propose a model for relief inventory ordering considering declining demand and realized shortage (RS) costs. This study is motivated by the…
Abstract
Purpose
The purpose of this paper is to propose a model for relief inventory ordering considering declining demand and realized shortage (RS) costs. This study is motivated by the overflow of unsolicited items in affected areas, which hinder the urgent relief flow.
Design/methodology/approach
This study proposes a dynamic programing model reflecting the change of demand and urgency during relief operations. A solution algorithm for finding a replenishing point of relief is also introduced here.
Findings
Relief ordering policy based on the RS cost increases the service level (in terms of time). The service level is dependent on the deterioration rate.
Research limitations/implications
Deterioration is not applicable for all relief items. Therefore, the proposed model is applicable for certain relief items. Additionally, computation of temporal urgency is not included.
Practical implications
The study outcomes can be invaluable for resource planning. The model shows a gradual decrease of ordering quantity and a gradual increase of cycle length. This observation can be utilized for resource (e.g. truck) planning and fewer truck can be used in later stages of relief operations.
Originality/value
This study introduces temporal urgency for disaster logistics (DL) and proposes a relief inventory policy by incorporating temporal urgency. This model highlights the importance of considering declining demand for DL.
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The purpose of this paper is to propose a model for allocating resources in various zones after a large-scale disaster. This study is motivated by the social dissatisfaction…
Abstract
Purpose
The purpose of this paper is to propose a model for allocating resources in various zones after a large-scale disaster. This study is motivated by the social dissatisfaction caused by inefficient relief distribution.
Design/methodology/approach
This study introduces an agent-based model (ABM) framework for integrating stakeholders’ interests. The proposed model uses the TOPSIS method to create a hierarchy of demand points for qualitative and quantitative parameters. A decomposition algorithm has been proposed to solve fleet allocation.
Findings
Relief distribution based on the urgency of demand points increases social benefit. A decomposition approach generates higher social benefit than the enumeration approach. The transportation cost is lower in the enumeration approach.
Research limitations/implications
This study does not consider fleet contracts explicitly, but rather assumes a linear cost function for computing transportation costs.
Practical implications
The outcomes of this study can be a valuable tool for relief distribution planning. This model may also help reduce the social dissatisfaction caused by ad hoc relief distribution.
Originality/value
This study introduces an ABM for humanitarian logistics, proposes a decomposition approach, and explores the ontology of stakeholders of humanitarian logistics specific to last-mile distribution.
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The purpose of this article is expository in the main; critical to a lesser degree. It will attempt to show how Karl Marx, enraged by the imperfections and inhumanity of the…
Abstract
The purpose of this article is expository in the main; critical to a lesser degree. It will attempt to show how Karl Marx, enraged by the imperfections and inhumanity of the capitalist society, “fought” for its supersession by the communist society on which he dwelt so fondly, that society which would emerge from the womb of a dying capitalism. It asks such questions as these: Is it possible to create the truly human society envisaged by Marx? Is perfection of man and society a mere will‐o'‐the‐wisp? A brief analysis, therefore, of the imperfections of capitalism is undertaken for the purpose of revealing the evils which Marx sought to eliminate by revolution of the most violent sort. In this sense, the nature of man under capitalism is analysed. Marx found the breed wanting, in a word, dehumanised. An attempt is, therefore, made to discuss the new man of Marxism, man's own creation, and the traits of that new man, one freed at last from the alienating effects of private property, division of labour, money, and religion. Another question that springs to mind is this: how does Marx propose to transcend alienation?
A collection of essays by a social economist seeking to balanceeconomics as a science of means with the values deemed necessary toman′s finding the good life and society enduring…
Abstract
A collection of essays by a social economist seeking to balance economics as a science of means with the values deemed necessary to man′s finding the good life and society enduring as a civilized instrumentality. Looks for authority to great men of the past and to today′s moral philosopher: man is an ethical animal. The 13 essays are: 1. Evolutionary Economics: The End of It All? which challenges the view that Darwinism destroyed belief in a universe of purpose and design; 2. Schmoller′s Political Economy: Its Psychic, Moral and Legal Foundations, which centres on the belief that time‐honoured ethical values prevail in an economy formed by ties of common sentiment, ideas, customs and laws; 3. Adam Smith by Gustav von Schmoller – Schmoller rejects Smith′s natural law and sees him as simply spreading the message of Calvinism; 4. Pierre‐Joseph Proudhon, Socialist – Karl Marx, Communist: A Comparison; 5. Marxism and the Instauration of Man, which raises the question for Marx: is the flowering of the new man in Communist society the ultimate end to the dialectical movement of history?; 6. Ethical Progress and Economic Growth in Western Civilization; 7. Ethical Principles in American Society: An Appraisal; 8. The Ugent Need for a Consensus on Moral Values, which focuses on the real dangers inherent in there being no consensus on moral values; 9. Human Resources and the Good Society – man is not to be treated as an economic resource; man′s moral and material wellbeing is the goal; 10. The Social Economist on the Modern Dilemma: Ethical Dwarfs and Nuclear Giants, which argues that it is imperative to distinguish good from evil and to act accordingly: existentialism, situation ethics and evolutionary ethics savour of nihilism; 11. Ethical Principles: The Economist′s Quandary, which is the difficulty of balancing the claims of disinterested science and of the urge to better the human condition; 12. The Role of Government in the Advancement of Cultural Values, which discusses censorship and the funding of art against the background of the US Helms Amendment; 13. Man at the Crossroads draws earlier themes together; the author makes the case for rejecting determinism and the “operant conditioning” of the Skinner school in favour of the moral progress of autonomous man through adherence to traditional ethical values.
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In den bekannten Abhandlungen und Arbeiten über den Fremdenverkehr und seine Auswirkungen spielen vor allem die westlichen Staaten Europas eine wichtige Rolle, da die…
Abstract
In den bekannten Abhandlungen und Arbeiten über den Fremdenverkehr und seine Auswirkungen spielen vor allem die westlichen Staaten Europas eine wichtige Rolle, da die entsprechende amtliche Statistik hier leicht erreichbar und die Vergleichbarkeit der Werte gesichert ist. Nicht zuletzt erleichtern gemeinsame Währungsgrundlagen (freie Konvertierbarkeit) die Umsetzung.
– This paper aims to propose a model, based on strategic simulation and scenario planning, to improve the decision-making process in the Brazilian defence area.
Abstract
Purpose
This paper aims to propose a model, based on strategic simulation and scenario planning, to improve the decision-making process in the Brazilian defence area.
Design/methodology/approach
Participants are disposed in three levels: decision-makers team – which goes beyond the Ministry of Defence (and military services) alone and includes other representatives of the executive and legislative branches; political and strategic advisory team – civilian representatives with a broad understanding of the national and international contexts that can contribute to developing insights and shaping the forces that may contribute to the nation’s future; and experts database— experts in fields of interest to national defence, comprising representatives of several sectors and broad areas of knowledge, including scholars, scientists, politicians, military, industry, among others.
Findings
The planning and preparation of national defence strategies require a long-term approach, which is multidisciplinary, participatory and contextualized to the geopolitical and institutional frames of the country.
Research limitations/implications
However, despite many policy papers intentions, defence issues have always been considered a matter for the military arena due to the country’s cultural background.
Practical/implications
Because decisions about defence have long-range impacts and political implications, policy-makers should shape them bearing in mind a complex and politically shared foresight process.
Social/implications
This proposed planning process enables a participatory engagement with some civil organizations and individuals as well as amplifies their commitment in national defence issues.
Originality/value
The proposal is innovative in South America, considering that it encompasses integrated simulations on participatory foresight processes as well as broadened the civilian–military dynamic relationship and the diverse viewpoints in defence implications analysis to include a wider share of the Brazilian society.
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Seema Das, Sumi Jha and Sumita Datta
This study aims to explore the career transition process of women professionals when they return to the workplace after a break and re-integrate with their career aspirations.
Abstract
Purpose
This study aims to explore the career transition process of women professionals when they return to the workplace after a break and re-integrate with their career aspirations.
Design/methodology/approach
This research used a qualitative approach with semi-structured interviews for data collection. All 20 women participants have returned to their careers after a break.
Findings
The data analysis reveals women’s career transition and re-integration process into the workplace after a career break. Supervisory support, work–life balance practices, role models, coworker support and career success emerged as factors enabling successful transition. The employing organisations’ diversity, equity and inclusion (DEI) hiring strategy emerged as an important mechanism for re-entry.
Originality/value
Although previous research has studied women professionals returning after a break, the “transition process” that enables re-entry is missing.
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Chau Ngoc Dang, Warit Wipulanusat, Peem Nuaklong and Boonsap Witchayangkoon
This study aims to explore the relationships between knowledge management (KM) enablers, employee innovativeness (EI) and market development performance (MDP) in architecture…
Abstract
Purpose
This study aims to explore the relationships between knowledge management (KM) enablers, employee innovativeness (EI) and market development performance (MDP) in architecture, engineering and construction (A/E/C) firms.
Design/methodology/approach
A questionnaire survey is conducted to collect empirical data from A/E/C practitioners in Vietnam. First, factor analysis is used to identify KM enablers in A/E/C firms. Then, a framework which shows the links between KM enablers, EI and MDP is proposed. Structural equation modeling (SEM) is used to examine the proposed relationships.
Findings
This study identifies five constructs which can enable A/E/C firms to achieve effective KM implementation, including mutual trust and collaboration, organizational values and norms, information and communication systems, organizational policies and empowerment. Furthermore, the SEM results show that except for organizational policies, four remaining KM enablers significantly affect EI. It is also found that EI has a significant impact on MDP.
Practical implications
The findings could help A/E/C firms to know which KM enablers are critical to EI and provide a better understanding of the link between EI and MDP. Hence, they could make appropriate investments in KM practices to improve both EI and MDP.
Originality/value
The results of this study fill the gap in knowledge by empirically structuring the relationships between KM enablers, EI and MDP. Such results may provide A/E/C firms with useful information to enhance EI and MDP in today’s intensively competitive construction environments.
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This study aims to examine the investor's level of financial literacy and their attitude toward making any investment decision in the Bangladeshi capital market.
Abstract
Purpose
This study aims to examine the investor's level of financial literacy and their attitude toward making any investment decision in the Bangladeshi capital market.
Design/methodology/approach
To measure the level of financial literacy of an individual investor, three variables have been used – financial knowledge, financial behavior and financial attitude. It also considers investment opportunity as a moderator variable to assess the effect of market-specific characteristics on financial literacy. Data have been collected through a structured questionnaire from 152 retail investors of the Dhaka Stock Exchange and Chittagong Stock Exchange. Smart-PLS 3.3 was used for analyzing the set of hypotheses for examining the relationships in the study.
Findings
Results found that financial attitude and financial behavior have a positive and significant relationship with investment decisions. Further evidence shows that investment opportunity moderates the relationship between financial attitude and financial behavior. This indicates that equity investors are suffering from market inefficiency and cannot ensure wealth maximization.
Research limitations/implications
Regulators should focus not only on financial literacy programs but also on market discipline, accountability and performance. This will encourage investors to invest their money wisely and independently.
Originality/value
The study adds value to the capital market literature in two ways. First, it investigates the success of financial literacy programs in Bangladesh to resolve the behavioral bias issue among investors, which used to affect their returns negatively. Second, the study introduces a very new and relevant variable as a moderator in the context of Bangladesh. Investment opportunity is a moderating variable developed from the efficient market hypothesis. Results reveal that investors are somehow financially literate over time, which can be a positive attribute for controlling behavioral bias. However, market inefficiency, corporate corruption, financial crime, insider trading and information asymmetry hamper the regular growth of the market. Hence, equity investors are unable to ensure wealth maximization in Bangladesh, where this kind of problem exists.
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