Involuntary Unemployment as a Perfect Equilibrium in a Bargaining Model (Now published in Econometrica, vol.52, (1984), pp.1351-1364.)

Supply chain risk management and operational performance: The enabling role of supply chain integration

This study aims to analyze the innovation strategies for the green supply chain management with QFD (quality function deployment) multidimensionally. The novelty of the study is to define the criteria of green supply chain for each stage of QFD and propose a hybrid model by IVIF (interval-valued intuitionistic fuzzy) DEMATEL (decision making trial and evaluation laboratory) and IVIF MOORA (Multi-Objective Optimization by Ratio Analysis) respectively. The results demonstrate that understanding the customer expectations with customer relation management is the most important innovation strategy for the green supply chain management in energy industry with the consecutive stages of QFD whereas benchmarking the competitive market environment has relatively the last seat in the ranking. Hence, it is recommended that energy companies should have an effective customer relationship management. In this context, these companies should make a detailed analysis to learn what their customers directly expect from them. With the help of this issue, these companies should generate their product and services based on these expectations. Additionally, it is also stated that new service and product development is also essential for energy companies to improve their innovativeness. For this purpose, a research and development department should be created, and the qualified people should be employed. Additionally, different opinions should be collected from various parties, such as customers, employees, and suppliers. Since customers who are satisfied will prefer these companies, the energy companies can catch the opportunity to increase their market share.

Analysis of the innovation strategies for green supply chain management in the energy industry using the QFD-based hybrid interval valued intuitionistic fuzzy decision approach

Challenges in current construction and demolition waste recycling: A China study.

Private participation in road projects is increasing around the world. The most popular franchising mechanism is a concession contract, which allows a private firm to charge tolls to road users during a pre-determined period in order to recover its investments. Concessionaires are usually selected through auctions at which candidates submit bids for tolls, payments to the government, or minimum term to hold the contract. This paper discusses, in the context of road franchising, how this mechanism does not generally yield optimal outcomes and it induces the frequent contract renegotiations observed in road projects. A new franchising mechanism is proposed, based on flexible-term contracts and auctions with bids for total net revenue and maintenance costs. This new mechanism improves outcomes compared to fixed-term concessions, by eliminating traffic risk and promoting the selection of efficient concessionaires.

Flexible-Term Contracts for Road Franchising

The purpose of this paper is to scrutinize the performance effects of supply chain risk management (SCRM). Besides financial performance, two aspects of operational performance are examined: operational efficiency and flexibility. Moreover, the authors explore the moderating role of supplier integration in the relationship between SCRM and operational performance.,A survey-based methodology was adopted. Based on the data from an international survey, this study applied the structural equation modeling and latent moderated structural equations approach to test the hypotheses.,The results indicate that SCRM positively influences both operational efficiency and flexibility, and has an indirect effect on financial performance. In addition, supplier integration enhances the impact of SCRM on operational flexibility, but does not moderate the relationship between SCRM and operational efficiency.,This study extends the existing literature by providing a comprehensive analysis of the performance effects of SCRM. It also provides managerial insights on both risk management and supplier integration.

Risk management and firm performance: the moderating role of supplier integration

Build-operate-transfer (BOT) highway projects are widespread around the world. However, many BOT highway projects are terminated before the expiry of the concession period for a variety of reasons, such as unreasonable decisions and a lack of a risk allocation mechanism. As the most concerning issue for the government and private sector, compensation for early termination has been a major controversy due to the lack of a fair and reasonable decision approach. This paper proposes an effective method to evaluate the compensation amount for projects with incomplete contracts using game theory. First, a bargaining-game model with complete information is constructed to analyse the process of negotiation, for which the influences of the government investing in a new road and the traffic demand changes of the early terminated project on bargaining are taken into consideration. Then, the Nash equilibrium solution of the model is derived by backward induction, and a discussion of the properties of the solution is presented. Finally, the model results are verified using the Wutong Mountain Tunnel BOT project in China. This paper provides a solution to compensation for early termination of BOT highway projects with incomplete contracts.

Using bargaining-game model to negotiate compensation for the early termination of BOT highway projects

The purpose of this study is to investigate the contingencies of supply chain risk management (SCRM) in manufacturing multinational corporations (MNCs) by exploring the moderating role of international asset dispersion in the performance effect of SCRM, as well as the counteraction effect of supply chain integration (SCI).,Multi-country survey data from a sample of 378 responses collected by the sixth round International Manufacturing Strategy Survey were analyzed. Hierarchical regression analysis was conducted to test the proposed hypotheses.,The results demonstrate that SCRM improves the operational effectiveness of manufacturing MNCs but this performance effect is attenuated by international asset dispersion. Nevertheless, external integration can counteract the negative effect of international asset dispersion and ensure the efficacy of SCRM practices.,The results of this study provide suggestions for supply chain managers of manufacturing MNCs to better conduct SCRM practices under the condition of dispersed international assets. Besides, supply chain managers can leverage external integration to ensure the efficacy of SCRM practices.,Although there are plenty of studies on the relationship between SCRM and operational performance, prior findings are inconsistent. This study sheds light on the SCRM-operational performance relationship by considering how a manufacturing MNC’s international asset dispersion can influence the efficacy of SCRM practices and how SCI can attenuate the negative effect of international asset dispersion.

Risk management of manufacturing multinational corporations: the moderating effects of international asset dispersion and supply chain integration

The purpose of this paper is to explore the role of intellectual capital (IC) in supply chain intelligence integration (SCII) and the interrelationships of the three components of IC (i.e. human capital (HC), structural capital (SC) and relational capital (RC)) in the supply chain context.,This paper conducted an empirical study by using primary data from 389 sample firms. The authors applied structural equation modeling to test the proposed hypotheses.,The results indicate that both HC and RC have direct impact on SCII, whereas SC only influences SCII through RC.,This study evidences that IC is an enabler of SCII. Furthermore, this study reveals the interrelationships of human, structural and RC.

Exploring the role of intellectual capital in supply chain intelligence integration

A multi-agent optimization method is proposed to solve the preemptive resource-constrained project scheduling problem in which activities are allowed to be preempted no more than once. The proposed...

Wenjin Hu

Papers

Risk management and firm performance: the moderating role of supplier integration

Using bargaining-game model to negotiate compensation for the early termination of BOT highway projects

Risk management of manufacturing multinational corporations: the moderating effects of international asset dispersion and supply chain integration

Exploring the role of intellectual capital in supply chain intelligence integration

A Multi-Agent Optimization Method for Preemptive Resource-Constrained Project Scheduling