Business Commons^™

Analyzing Three Quality Management Systems In Relation To The Malcolm Baldrige National Quality Award, Jeremiah Worthington

Theses Digitization Project

This paper explores different quality management systems (QMS) and correlates their value in achieving success as measured by the Malcolm Baldrige Award. The three major quality management systems were reviewed, International Organization of Standards (ISO), Total Quality Management (TQM) and Six Sigma. Quality management systems are the single most powerful tool that a company can establish to create a sucessful organization.

Acquiring An Existing Business, Teodocio Ramirez

Theses Digitization Project

The goal of this project is to review the literature on how to buy an existing business and to synthesize the material into a written instructional manual that a regular individual or aspiring entrepreneur can use in understanding the process necessary to buy an existing small business.

Supply Chain Management: The Key To Achieving Value For M, Edward Sweeney

Practitioner Journals

No abstract provided.

Supply Chain Management On The Island Of Ireland: The Role Of The National Institute Of Transport And Logistics, Edward Sweeney, Austin Smyth

Other Resources

No abstract provided.

Why You Need To Think Supply Chain Management, Edward Sweeney, Randal Faulkner

Other Resources

No abstract provided.

Third Cybernetic Revolution: Beyond Open To Dialogic System Theories, Khadija Al Arkoubi

Management Faculty Publications

We question Systems Theory by adopting a Bakhtinian dialogism approach. We argue that a dialogism approach gets us beyond first order cybernetic (control) and second order (open) system thinking to a third order cybernetics (multi- dialogisms). We believe third order cybernetic theory is an extension of Bakhtin's work. We explore how dialogue is not equivalent to polyphonic dialogism; the later does not assume being in same time and space, as in some meeting. Further, we look at three other dialogisms (stylistic, chronotopic, & architectonic). Multi- dialogisms raise questions for dialog, learning, and appreciative inquiry approaches. We conclude with insights on …

The Characteristics Of “Necessity” In A Work Place: A Replication Study, Chong W. Kim, Andrew Sikula Sr.

Management Faculty Research

As defined in our previous paper (Kim and Sikula, 2003), there could be three types of person and roles they play in the workplace: Necessity, Common and Parasite. A Necessity is the one who is an irreplaceable person. A Common is a worker of average ability and talent, and a Parasite is an employee free-loader who is a moocher more than a contributor.

The purpose of this paper is to replicate the first paper, and compare the results of two data sets. The data for the first paper collected from 34 undergraduate senior students in an Organizational Behavior (OB) class, …

Supply Chain Learning Needs: Towards A Port Community Perspective, Edward Sweeney, Pietro Evangelista

Articles

The traditional role of ports in the wider supply chain context is currently being subject to a process
of radical review. In broad terms, the traditional model is being replaced by a model which focuses on higher value and more knowledge intensive activities. This trend requires a change in the way in which new knowedge and skills are developed by staff in companies of all kinds within port communities. Traditional models need to be re-evaluated to reflect the increasing importance of knowledge and skills acquisition, particularly in relation to the supply chain management (SCM) concept and the evolving role of …

Behavioral Factors In Strategic Alliances, Purnendu Mandal, Dale H. Shao, Chong W. Kim

Management Faculty Research

Recently, there has been a growing trend among information technology (IT) organizations to form strategic alliances to increase competitive advantages in the marketplace. For an organization to exploit the benefits of alliances, human factors and IT factors must be among the basic components of any strategic plan (Kemeny & Yanowitz, 2000). Despite the obvious need to consider human and IT factors when developing a long-term plan, many strategic plans developed in the past that led to alliances have failed to consider human aspects. Examples of failure in the implementation of IT systems due to the lack of consideration of human …

Access And Allocation Arrangements For The Commercial 'Wetline' Fisheries. Proposals For Discussion., Commercial Access Panel

Fisheries Management Papers

The Minister for Fisheries established this review of open access (wetline) commercial fishery arrangements to provide a more effective management framework for wetline fishing and to complement the recreational initiatives. This must involve the removal of excess fishing capacity, including latent effort, from the fishery and the establishment of a dedicated commercial fishery with clear entry criteria and an appropriate limit on catch in each bioregion. However it must be made clear that the ‘wetline review’ is not a sectoral resource sharing exercise. Following the implementation of new management arrangements for the ‘wetline’ fisheries, the appropriateness of the existing levels …

Proposed Management Arrangements For The West Coast Commercial 'Wetline' Fishery. A Discussion Paper., West Coast And Gascoyne Management Planning Panel

Fisheries Management Papers

The ‘Wetline Review’ was established to implement an effective management framework for the commercial sector to complement the recreational initiatives. It must be stressed at the outset that this review is focussed on the take of scalefish by the commercial sector. The levels of use between the various user groups in the West Coast region will be examined under the new integrated fisheries initiative following the implementation of new management arrangements for scalefish taken by the commercial sector.

Proposed Management Arrangements For The Gascoyne Commercial 'Wetland' Fishery. A Discussion Paper., West Coast And Gascoye Wetline Review Management Planning Panel.

Fisheries Management Papers

The ‘Wetline Review’ was established to implement an effective management framework for the commercial sector to complement the recreational initiatives. It must be stressed at the outset that this review is focussed on the take of scalefish by the commercial sector. The existing levels of use between the various user groups in the Gascoyne will be examined under the new integrated fisheries initiative following the implementation of new management arrangements for scalefish taken by the commercial sector.

Management Of The Proposed South West Beach Seine Fishery. Management Discussion Paper., Department Of Fisheries

Fisheries Management Papers

This Management Discussion Paper for the proposed South West Beach Seine Fishery is designed to inform the fishing community and general public about the issues and management proposals relating to the South West Beach Seine Fishery (the fishery). The Department of Fisheries (the Department) encourages comment about the issues raised and the proposed management recommendations in this report.

Putting Supply Chain Learning Theory Into Practice: Lessons From An Irish Case, Edward Sweeney, Pietro Evangelista, Renato Passaro

Articles

The logistics service market is currently going through a fundamental transition. The development of closer relationships with customers and the continuous adaptation of products and services, represent potentially successful approaches to the development of improved competitive capability. To this end knowledge resources and learning processes increasingly represent key elements within the evolving framework of the 3PL business. This paper describes the case of NITL’s Foundation Certificate Programme (FCP) learning programme with specific reference to its use in addressing some of current shortcomings related to supply chain knowledge and skills in the Irish third party logistics (3PL) industry. The FCP rationale …

73-Cents? This Doesn’T Feel Like Progress, Jennifer W. Keil

School of Business All Faculty Scholarship

Faculty Opinion article in the Hamline Magazine, a publication of Hamline University.

Annual Report 2004-2005, Imsa Fund

IMSA Fund Reports

The promise of the Illinois Mathematics and Science Academy® is now practice as visionary IMSA graduates forge new frontiers in Illinois and beyond in science, technology, engineering, mathematics and other fields, and as more and more students, educators and schools in our state, nation and world benefit from IMSA programs, products and services.

The Academy's reach, impact and success is due in no small part to the support it receives from the IMSA Fund for Advancement of Education - thanks to you.

You and other donors help in various ways, Annual gifts of all amounts provide essential operating support for …

2004-2005 Financial Summary, Morehead State University. Budget & Financial Planning Office.

Morehead State University Financial Summaries Archive

2004-2005 Financial Summary of Morehead State University.

2005-2006 Operating Budget, Morehead State University. Budget & Financial Planning Office.

Morehead State University Operating Budgets Archive

2005-2006 Operating Budget of Morehead State University.

Annual Report 2004-2005, Houston Academy Of Medicine-Texas Medical Center Library

Annual Reports: 1943 - Present

This file contains the Annual Report for the library from 2004-2005.

Ham-Tmc Library Strategic Plan 2005-2010, Houston Academy Of Medicine-Texas Medical Center Library

Strategic Plans

No abstract provided.

B2b E-Marketplaces In The Airline Industry: Process Drivers And Performance Indicators, Claudia-Maria Wagner, Bernd Huber, Edward Sweeney, Austin Smyth

Articles

Competitive pressures are increasing within and between different strategically oriented groups of airlines. This paper focuses on the level of efficiency improvements gained by using e-Marketplaces in the procurement process. Findings from a survey among 88 international airlines reveal that the use of Business-to-Business (B2B) e-Marketplaces does play different roles across the various airline groupings. Airlines that are involved in strategic alliances show higher joint procurement activities than airlines that are not involved in strategic alliances. However, alliances are probably viewed as loose arrangements and thus airlines may be reluctant to share information on procurement prices and processes with another …

Modeling Clusters Of Extreme Losses, Beatriz Vaz De Melo Mendes, Juliana Sa Freire De Lima

Journal of Actuarial Practice (1993–2006)

We model extreme losses from an excess of loss reinsurance contract under the assumption of the existence of a subordinated process generating sequences of large claims. We characterize clusters of extreme losses and aggregate the excess losses within clusters. The number of clusters is modeled using the usual discrete probability models, and the severity of the sum of excesses within clusters is modeled using a flexible extension of the generalized Pareto distribution. We illustrate the methodology using a Danish fire insurance claims data set. Maximum likelihood point estimates and bootstrap confidence intervals are obtained for the parameters and statistical premium. …

A Primer On Duration, Convexity, And Immunization, Leslaw Gajek, Krzysztof Ostaszewski, Hans-Joachim Zwiesler

Journal of Actuarial Practice (1993–2006)

The concepts of duration, convexity, and immunization are fundamental tools of asset-liability management. This paper provides a theoretical and practical overview of the concepts, largely missing in the existing literature on the subject, and fills some holes in the body of research on the subject. We not present new research, but rather we provide a new presentation of the underlying theory, which we believe to be of value in the new North American actuarial education system.

Optimal Dividend Strategies: Some Economic Interpretations For The Constant Barrier Case, Maite Marmol, M. Merce Claramunt, Antonio Alegre

Journal of Actuarial Practice (1993–2006)

We consider the surplus process of a non-life insurance portfolio with a dividend component represented by a constant dividend barrier strategy. The optimal dividend barrier is known when individual claim amounts follow an exponential distribution. This result for the optimal dividend barrier is used to develop combinations of the levels of the insurer's initial surplus and of the barrier which, under certain economic and financial criteria, can be regarded as optimal.

A New Hybrid Defined Benefit Plan Design, Wayne E. Dydo

Journal of Actuarial Practice (1993–2006)

Traditional defined benefit plans can be difficult to understand and complex to administer. Hybrid plans (cash balance and pension equity) arose in part to address the former issue, but at a price of greater administrative and litigation risk. I introduce a design for defined benefit pension plans that is easy to communicate to participants, allows for accrual patterns that closely replicate those of the two most common forms of hybrid pension plans, and avoids the controversial nondiscrimination issues that currently trouble sponsors of hybrid plans. The design defines the benefit as a fixed percentage of pay payable over a period …

Risk-Based Regulatory Capital For Insurers: A Case Study, Christian Sutherland-Wong, Michael Sherris

Journal of Actuarial Practice (1993–2006)

We study the issues in determining regulatory capital requirements using advanced modeling by assessing and comparing capital requirements under the two alternative approaches. A dynamic financial analysis (DFA) model is used for this case study. These issues are of current international interest as regulators, insurers, and actuaries face the significant issues involved with the introduction of risk-based capital for insurers.

Reputation Pricing: A Model For Valuing Future Life Insurance Policies, Rami Yosef

Journal of Actuarial Practice (1993–2006)

The reputation of a life insurer is used to develop a model for determining the value of future life insurance policies. An M / G / 00 process is used to describe the sales and terminations (due to death or maturity) of future policies. The intensity of the arrival process is assumed to depend on the company's reputation. Explicit expressions are derived for the actuarial reserves and expected profits of these future policies.

On The Pricing Of Top And Drop Excess Of Loss Covers, Jean-Francois Walhin, Michel Denuit

Journal of Actuarial Practice (1993–2006)

A top and drop cover is a treaty that can be found on the retrocession market. It offers capacity that can be used either to protect a top layer or a working layer. The former is called a "top" and the latter is called a "drop." Using the traditional collective risk model, we demonstrate the use of a multivariate version of Panjer's algorithm to price this cover. We also compare the premium obtained within the exact model with the premiums obtained either with the Frechet bounds or with the wrong assumption of independence.

Journal Of Actuarial Practice - Volume 12 (2005) - Contents And Masthead

Journal of Actuarial Practice (1993–2006)

Contents

Editorial Policy: Topics suitable for this journal include AIDS, annuity products, asset-liability matching, cash-flow testing, casualty rate making, credibility theory, credit insurance, disability insurance, expense analysis, experience studies, FASB issues, financial reporting, group insurance, health insurance, individual risk taking, insurance regulations, international issues, investments, liability insurance, loss reserves, marketing, pensions, pricing issues, product development, reinsurance, reserving issues, risk-based capital, risk theory, social insurance, solvency issues, taxation, valuation issues, and workers' compensation

Review Process

Editor - Colin Ramsay, University of Nebraska

Associate Editors: Robert Brown, University of Waterloo ○ Cecil Bykerk, Mutual of Omaha ○ Ruy Cardoso, Actuarial Frameworks ○ …

An Application Of Control Theory To The Individual Aggregate Cost Method, Alexandros A. Zimbidis, Steven Haberman

Journal of Actuarial Practice (1993–2006)

The paper investigates the individual aggregate cost method (also known as the individual spread-gain method), which is normally applicable in small pension funds or fully contributory schemes, using a control theoretical framework. We construct the difference equations describing the mechanisms of the respective funding method and then calculate the optimal control path of the contribution rate assuming (first) a stochastic and (second) a deterministic pattern for the future investment rates of return. For the first case, the optimal solution is achieved through a linear approximation and using stochastic optimization techniques. It is proved that the contribution rate is (optimally) controlled …