Business Commons^™

1985 Faculty Senate Meeting Minutes, Morehead State University

Faculty Senate Records

Faculty meeting minutes of Morehead State University for 1985.

Necessity For A Better Established Maritime Administration In Benin, Wenceslas Charles Afouda

World Maritime University Dissertations

No abstract provided.

Maritime Administration In Somalia, Munye

World Maritime University Dissertations

No abstract provided.

1984-12-15, Morehead State Board Of Regents

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

A Stochastic Dominance Algorithm Using Piecewise Linear Approximations, Peter H. Ritchken, Yogesh Kumar Agarwal, Alok K. Gupta

Research Reports from the Department of Operations

Current stochastic dominance algorithms use step functions to approximate the cumulative distributions of the alternatives even when the underlying random variables are known to be continuous. Since stochastic dominance tests require repeated integration of the cumulative distribution functions, a compounding of errors may result from this approximation. This article introduces a new stochastic dominance algorithm that approximates the cumulative distribution function by piecewise linear approximations. Comparisons between the new and old algorithms are performed for normally distributed alternatives.

Warranty Design Under Buyer And Seller Risk Aversion, Peter H. Ritchken, Charles S. Tapiero

Research Reports from the Department of Operations

This paper provides a framework in which warranty policies for non-repairable items can be evaluated according to risk preferences of both buyers and sellers. In particular, a warranty price schedule is established such that sellers are indifferent among the policies. Given this schedule, a buyer's response is expressed by selecting the price-warranty combination that minimizes disutility. Within this framework, a warranty can be viewed as an instrument of risk management that can induce more sales and greater profitability. For given utility functions, analytical results for the development of a price schedule are developed. Numerical results illustrate the substitution effects between …

No. 104 1984 November

International Journal for Business Education

SIEC Historical Documents

The Servicing Capacity/Quality Control Problem, Jagadeesh Chandramohan, Peter H. Ritchken, Charles S. Tapiero

Research Reports from the Department of Operations

Product reliability decisions, quality control policies, and warranty and servicing contracts impact costs and profits. The purpose of this article is to simultaneously determine reliability levels, quality control, and post-sales repairing/ servicing capacities, so as to maximize profitability. Based on long-run average profits, and using a renewal theory approach, a framework is developed, whereby the substitution effects of the decision variables can be explored. Specific examples of the procedure are investigated. These include a simple attribute quality control scheme with random production lot sizes and a curtailed sampling scheme with fixed production lots.

Displan: A Multiproduct Plant/Warehouse Location Model With Nonlinear Inventory Costs, Ronald H. Ballou

Research Reports from the Department of Operations

DISPLAN is a large-scale computer model used for the strategic planning of physical supply and distribution networks. This planning may involve determining the number, size, and location of plants, warehouses, inventories, terminals, and similar facilities. Although several mathematical models address this problem, a unique feature of DISPLAN is its handling of nonlinear inventory costs. The proper economic analysis of network designs requires balancing all relevant costs to achieve the minimum cost configuration of facilities. These costs include facility inbound and outbound transportation costs, facility fixed costs, warehouse storage and handling costs, order processing costs, and inventory carrying costs. Accurately describing …

1984-10-30, Morehead State Board Of Regents

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

Management Concept For Consumer Services Via Microprocessor Systems, Thomas William Bradshaw

Theses

With the proliferation of home computers and the subsequent ability to communicate with retail establishments, an opportunity exists for alternative delivery of goods and products to residential consumers. This paper explores the establishment, management, and problems associated with these burgeoning enterprizes.

Presently, there are several technologies and market strategies under devlopment which stress the convenience of making purchases. In addition to home computers there are other communication networks using different protocols such as videotext which consists of several arrangements of text and graphical protocols. In addition there are several mediums like cable and videotext by which product information can be …

Prefeasibility Study Of Flexible Manufacturing System, Patrice Gerault

Theses

Most major companies over the world are or intend to go into Flexible Manufacturing System. But, FMS is not as easy to implement as most cf the other equipments. It affects the whole company and careful studies must be done before parchasing it.

After a description of this new system, this paper reviews the effects introduced by FMS and the alements of savings or surcosts in comparison to conventional systems ; but no numerical evaluations are stated.

This paper gives a frame to any company which wants to undertake a prefeasibility study.

Japanese Management Techniques And Its Transition To Taiwan, Shih-Tung Shu

Theses

Japan's success, as measured by a vertically increasing balance-of-payments surplus, has created serious issues between Japan and other industrial democracies. It has created fears about the economic superpower status of Japan. On the other hand, because of this very success in coping with worldwide economic problems and in sustaining its export drive, Japan's unique style of managenemt has attracted a great deal of attention. As the Japanese have begun to demonstrate on ability to transfer their management style to the U. S. and other western countries, Japanese management and its transferability continue to be a subject of special interest in …

Industrial And Commercial Energy Management, Frank L. Peraino

Theses

This thesis deals with energy and its management in the industrial and commercial segments of our society. It provides an insight into the development and evolution of the energy manager, as well as a projection of his role in the next decade. Through an analysis of energy sources, the utilization of energy in the industrial and commercial markets, and the development of energy conservation attitudes and technologies, this thesis provides an appreciation of the factors that have molded yesterday's energy coordinator into today's energy manager. By projecting this analysis, a snapshot of the characteristics and duties of tomorrow's energy manager …

Human Factors In Quality Assurance, Min C. Tzou

Theses

This thesis is concerned with the impact of human factors elements upon the efficiency and quality of output in a manufacturing environment. The subject was aproached through the current literature as it appeared in periodicals and papers. There were very few texts on the subject of human factors discipline, specially in the application of behavioral principles, which this thesis was mostly base on.

The first chapter of this thesis discusses the increasing role people play in product quality, and the changing attitudes of today's work force. The next six chapters are broken down into three parts. Chapter II and III …

1984-09-28 Board Of Regents Approval Article In The Morehead News, Morehead State University. Faculty Senate.

Faculty Senate Records

Morehead State University Board of Regents approves Faculty Senate as published in the Morehead News on September 28, 1984.

1984-09-25, Morehead State Board Of Regents

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

Warranty Policies For Non-Repairable Items Under Risk Aversion, Peter H. Ritchken

Research Reports from the Department of Operations

An approach is presented for analyzing warranty policies for items receiving renewable warranties when failure occurs during the warranty interval. The model presented corrects a model of Thomas and then extends the methodology by describing how sellers’ risk aversity influences the policy. It is shown that for exponential failures, linear rebate policies are more attractive to risk averse sellers than shorter term full rebate policies that result in the same expected cost.

1984-08-31, Morehead State Board Of Regents

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

The Management Of Innovative Start-Up Firms, Burton V. Dean

Research Reports from the Department of Operations

Entrepreneurship is having a major impact on this country's economy in terms of both job creation and capital appreciation. Published studies have demonstrated that there are several features common to the start-up of technology-based entrepreneurially oriented organizations. However, there is no evidence in the published literature on the subject of a network planning method being developed and applied to manage such ventures. This is in significant contrast to the widespread use of such planning methods in other areas of management to schedule and control complex projects. Based on the use of a systems approach, a project management method is developed …

1984-07-24, Morehead State Board Of Regents

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

A Retail Chain Multi Product Repricing Methodology, Kamlesh Mathur, Susumu Morito, Julio N. Berrettoni, Mohan Sundaram

Research Reports from the Department of Operations

In the marketing literature, various models have been suggested for the initial pricing of commercial products. However, not much work has been reported for the subsequent repricing function performed periodically, in particular, by retail chains, due to frequent changes in one or more of the product characteristics. This paper discusses the repricing problem and develops a nonlinear regression based methodology to design and implement a computerized system to perform this function. The model has been tested and validated for use in a large national retail chain.

1984-06-27, Morehead State Board Of Regents

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

Contingent Claims Contracting For Purchasing Decisions In Inventory Management, Peter H. Ritchken, Charles S. Tapiero

Research Reports from the Department of Operations

The purpose of this paper is to provide a risk management approach which uses negotiated option contracts for hedging against price and quantity uncertainty in inventory procurement. Conditions for the inclusion of options in inventory control are derived as a function of managerial attitudes towards risk.

Successful Management Techniques For Introduction Of Computerized Systems In A Production Facility, Michael James Boyle

Theses

This thesis surveys the potential for introducing significant organizational change into a manufacturing environment which is undergoing large scale capital improvement.

The first portion describes both the organizational and technological barriers present at a specific manufacturing facility. The capabilities of a computer based process control system are detailed along with its ability to fulfill the employer's particular business needs.

The next portion details the work necessary to train both management and production operators, not only on how to use this computer based equipment, but also how they themselves must change their personal modes of thinking in order to carry out …

A Study Of Worker Motivation, Farid Uddin Ahmad

Theses

This thesis mainly deals with the motivation of the production managers, engineers, technicians and production workers. The purpose is to emphasize the need for providing due motivations to an important work group of the industry who are largely ignored. An attempt has been made to amply demonstrate the various techniques for worker motivation. As the study of standard motivational theories alone cannot solve the complex motivational problems, all possible efforts have been made to relate, integrate and blend the theories with actual applications in the organizations. All the relevant and important issues connected with worker motivation have been highlighted. Points …

Implementing A Preventive Maintenance Program In A Pharmaceutical Manufacturing Plant, Daniel J. Shatynski

Theses

The goal of Preventive Maintenance is to reduce operating costs through greater equipment availability and lower downtime costs. Its intention is also to reduce the frequency and severity of corrective maintenance. A case study of a chemical manufacturing plant in the pharmaceutical industry is reviewer and symptoms are illustrated for purposes of definition. The development and implementation of a Preventive Maintenance program for this chemical manufacturing plant is proposed.

Management Improvement Study Of The Engineering Function In A Converting Industry Company, James John Slovak

Theses

A study was made to determine if the profitability of a converting company could be improved by expanding its engineering department. Process challenges were examined along with the present engineering function to determine difficulties. A case study of capital budget projects completed in the last three years revealed that potential savings were lost due to late and incomplete projects. The conclusion is that profitability can De increased through process control improvements and more timely completion of capital projects by expanding the present engineering department.

A Systematic Program For The Management Of A Sanitation Function In The Food Industry, John Joseph Sprainitis

Theses

The sanitation of food processing and packaging facilities is a labor intensive activity. As with any labor intensive operation, effective planning and control of the manpower is necessary. The more effective tie management, the more effective and productive the manpower will be.

As the effectiveness of the management improves, the cost effectiveness of the manpower will improve.

In dealing with the manufacturing of foods, there are numerous government regulations, of which sanitation plays a key role. Misunderstanding the impact of these regulations, and either over- or under-reacting to them, can result in unnecessary costs or severe problems.

In order to …

Implementation Of Dbase Ii In Inventory Management By A Small Firm, Shih-Chieh Wang

Theses

No abstract provided.