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The purpose of this paper is to contribute to research on the impact that the creation of value theory has on professional, organizational, and economic performance. However, a special emphasis is on explicating the theoretical foundation of the concept.

This paper is based on a hermeneutic study of the relationship between value creation and managing economic resources. The paper traces the value creation concept to its roots from the foundation of Western Civilization through the value theory of Adam Smith and up to recent technological age advancements in value theory.

Since its emergence the value concept has been explicated in an abundance of literature. However, there has been very little in regards to explanations detailing the theoretical underpinnings of the concept. According to John Stuart Mill, attempts to apply value theory will fail (due to misinformation or inaccurate information) without inclusiveness of the full scope of what is relevant for social science and social economic research.

Although studies on organizational behavior encompass the economic aspects of research economic research tends to be narrower in scope making it difficult to verify some value claims in economic terms. This is especially true in terms of making claims in regards to the connection between economic value theory, social value theory, the Philosophy of Economics, and the Philosophy of Science.

The study introduces a theoretical framework for integrating the value added and value creation concepts as a strategy for increasing shareholder benefits, stakeholder capital, and social capital.

The paper explains how the value creation concept contributes to an increase in wealth, prosperity, flourishing by drawing from a technological age approach to value creation.

The paper fills the void in the literature regarding the theoretical framework of the concept thus undergirds claims about its practical benefits by clarifying its theoretical framework.

In this paper, taking a p-section girder cable-stayed bridge as an example, the construction monitoring and load test of the bridge are implemented.

In order to ensure the safety of cable-stayed bridge structure in construction and achieve the internal force state of the completed bridge, the construction process is monitored for liner and stress of the p-section girder, construction error and safety state during construction. At the same time, to verify whether the bridge can meet the design requirements, the static and dynamic load tests are done.

The results of construction monitoring show that the stress state of the structure during construction is basically consistent with the theoretical calculation and design requirements. The final measured stress state of the structure is within the allowable range of the cable-stayed bridge, and the structural stress state is normal and meets the specification requirements. The load tests results show that the measured deflection of the midspan section of the main girder is less than the theoretical calculation value. The maximum deflection of the main girder is 48.03 mm, which is less than 54.25 mm of the theoretical value, indicating that the main girder has sufficient structural stiffness. Under the dynamic load test, the natural frequency of the three spans of the bridge is less than the theoretical frequency.

This study can provide important reference value for the construction and maintenance of similar p-section girder cable-stayed bridges.

The lack of transaction data has been identified as one of the major obstacles for the empirical evaluation of real option. Quigg’s study in 1993 was one of the first to empirically estimate the premium for the option of waiting to develop using data from 2,700 land sales in Seattle. This study modified Quigg’s methodology and applied it to estimate the premium for the option of waiting to develop based on a sample of data from 2,286 property transactions in the UK collected over a 14‐year sample period from 1984 to 1997. Based on a one‐factor contingent claim valuation model, we found that the average premiums for the timing options were 28.78 percent for office sector, 25.75 percent for industrial sector and 16.06 percent for retail sector. We also tested the robustness of the theoretical‐based land value estimates in explaining the market‐based land values. The regression results showed a statistically significant relationship in logarithm form between the market‐based residual land value and the model‐based land values (with embedded timing option), with R² of 0.75, 0.79 and 0.82 for office, industrial and the retail sectors respectively.

WHILE the introduction of statistical methods into the analysis of aeronautical experimental data, whether for quality control in production, for the interpretation of the results of structural and aerodynamic laboratory experiments, or for airline operation, has been brought about only in recent years, it may by now be fair to assert that their advantages and even their indispensability are no longer in dispute. Hitherto, investigations on these lines have usually involved, explicitly or implicitly, only the ‘normal curve of error’ and allied considerations; owing, it may be thought, to the controllability of the various manufacturing or laboratory techniques, but also perhaps to the scarcity of data hitherto available. It may well be, however, that with the accumulation of information arising out of investigations planned with particular reference to the statistical analysis of their results the whole range of the apparatus for statistical analysis, usually confined to such fields as those of biology or economics, will be called into full play.

The purpose of this paper is to define the Internet as a virtual space supported by technologies and presented in the form of socioeconomic relations from the perspective of political economy. The Internet space is a unique virtual commodity different from ordinary commodities and has the following effect characteristics: super replicability, space- and time-transcendence, open-source shareability and reality–virtuality transformation.

Internet space can also be imagined as a piece of virtual land. Internet space can be deemed as a piece of virtual land and its value can be divided into labor value and virtual value. The pricing model of virtual value is mainly determined by the gain and discount rate and this value comes from the transfer and markup of social value. In the context of the Internet Plus era, Internet space has become an essential economic factor that influences human economic activities.

Therefore, it is of practical significance and theoretical value to introduce Internet space as an economic variable into the framework of economic theory. The realistic logic of Internet space is to influence human economic behaviors with the combination of information binding.

The theoretical mechanism is to have an impact on the micro-market price by changing market relations from two-dimensional to three-dimensional. Its path to functioning at the macro level is to influence economic behaviors by changing the expectations of investment and consumption, resulting in new economic trends.

Reports on a survey which asked 82 experienced managers from various functions, business levels, and industries to value case studies which were in effect real options on growth. Compares these empirical valuations with theoretical values derived from a specific real options model (European non‐dividend paying). In a questionnaire survey, participating managers showed high levels of agreement with various statements needed as assumptions in the real options model. They also accepted as realistic most of the parameter settings used in the experiment. Results imply that training is needed and likely to be acceptable to managers, and underinvestment could be explained by an inability to perceive option values. Choosing teams of decision makers may reduce the variance (but not the bias) of intuitive option valuations.

The aim of our research is to give empirical and theoretical solutions to some criticalities of the original International Integrated Reporting Framework (IIRF). Indeed, it takes as value creation only the increase of the capitals triggered by business activities, overlooking the fulfilment of the institutional mission that is the actual value creation lever.

The present paper introduces a case study aimed at implementing the IIRF in an Italian non-profit healthcare organisation. The research is based on theory building from cases, action research and interventionist approach. IIRF was adopted because of its claimed ability to support the communication process to stakeholders and the control of value creation. However, IIRF shows several weaknesses.

An adjusted version of IIRF is suggested, highlighting the role played by IC in the organisational business model and in the value creation process. The adjusted seems able to foster awareness of the role IC in value creation in healthcare organisations.

In this paper no one of the singles pieces of the adjusted framework is innovative by itself, but jointly they give raise to an innovative solution, able to address the disclosing and managerial needs of the examined organisation. The single case study permits to us to test the weaknesses of the IIRF claimed in the literature, to suggest some adjustments to the original framework and to validate their effectiveness. Thanks to the single case study we then built theoretical constructs developing theory inductively; now the suggested framework can be further tested and validated in other organisations.

The paper introduces an innovative approach to IC reporting and disclosure in healthcare organisations. This is relevant not only for external communication but also for internal aims supporting managers in decision and actions.

Women architects in the USA are generally satisfied with their work and feel that they are successful. Responses to a mailed survey form sent to women members of the American Institute of Architects throughout the USA allows a clear and unique profile of the woman architect to emerge. It appears that women architects have different values to women in general, and to women managers; but close to women engineers' values (with the exception of aesthetic value). There are, however, still many obstacles to be overcome by women architects before they achieve parity of treatment with their male counterparts.

This paper aims to investigate how direct mail consumption contributes to brand relationship quality. Store flyers and other direct mailings continue to play a significant role in many companies’ communication strategies. Research on this topic predominantly investigates driving store traffic and sales. Less is known regarding the consumer side, such as the value that consumers may derive from the consumption of direct mailings and the effects of such a value on brand relationship quality. To address this limitation, this paper tests a causal model of the contribution of direct mail value to brand commitment, drawing on a value framework that integrates social theory of engagement regimes and literature on experiential customer value.

The empirical work of this paper is based on a rigorous four-study mixed methods design, involving qualitative study, confirmatory factor analysis and partial least squares structural modeling.

The authors develop two second-order formatively designed scales – familiar value and planned value scales – that illustrate the role of engagement regimes in consumer behavior. Although both types of value contribute equally to direct mail attachment, they exert contrasting effects on other mediational consumer responses, such as reading and gratitude. Finally, the proposed theoretical model appears to be robust in predicting customers’ brand commitment.

This study provides new insights into the research on consumer value and brand relational communication.

This study is the first to consider consumer benefits from the social perspective of engagement regimes.

As measuring flight performance by experimental methods requires a lot of effort and cost, theoretical models can bring new perspectives to aircraft design. This paper aims to propose a model on the direct calculation of wetted area and L/D_max.

Model is based on idea that the wetted area is proportional to aircraft gross weight to the power of 2/3 (W_g^2/3). Aerodynamic underpinning of this method is based on the square–cube law and the claim that parasitic drag is related to the S_wet/S_wing. The equation proposed by Raymer was used to find the L/D_max estimate based on the calculated wetted area. The accuracy of the theoretical approach was measured by comparing the L/D_max values found in the reference literature and the L/D_max values predicted by the theoretical approach.

Proposed theoretical L/D_max estimate matches with the actual L/D_max data in different types of aircraft. Among the conventional tube-wing design, only the sailplanes have a very low S_wet/S_wing. The S_wet/S_wing of flying wings, blended wing bodies (BWBs) and large delta wings are lower than conventional tube-wing design. Lower relative wetted area (S_wet/S_wing) is the key design criterion in high L/D_max targeted designs.

The proposed model could be used in wing sizing according to the targeted L/D_max value in aircraft design. The approach can be used to estimate the effect of varying gross weight on L/D_max. In addition, the model contributes to the L/D_max estimation of unusual designs, such as variable-sweep wing, large delta wings, flying wings and BWBs. This study is valuable in that it reveals that L/D_max value can be predicted only with aspect ratio, gross weight (W_g) and wing area (S_wing) data.