Business Commons^™

World Class Supply Chain 2024: Thriving In Volatile Times, Michael Haughton

Business Faculty Publications

The Eighth Annual World Class Supply Chain Summit was convened on May 1st, 2024 under the theme of Thriving in volatile times. The theme, which embodies the expressed interests of attendees in last year’s post-summit survey, underscored the supply chain community’s focus on how to succeed in a supply chain world that is volatile, uncertain, complex, and ambiguous (VUCA). The summit’s deliberations on the theme featured two keynote addresses (one each by an industry executive and a research scholar), an industry panel, a student panel, and an intergenerational fireside chat by a panel comprising individuals with experiences ranging from a …

Corporate Bond Etfs, Bond Liquidity, And Etf Trading Volume, Thomas Marta

Business Faculty Publications

This study investigates the impact of corporate bond ETFs on the liquidity of their underlying securities. By alternatively utilizing panel regressions in levels, in changes, controlling for past liquidity, subsample tests—including periods of market stress and arbitrage—and a novel quasi-natural experiment, this study addresses self-selection and index effect identification issues. The findings indicate that ETFs significantly reduce transaction costs and enhance bond liquidity. Notably, the trading volume of ETFs, which is 6.67 times greater than their arbitrage, appears beneficial.

Supply Chain Managerial Processes And Models For Transportation And Facilities Resources Second Edition (2024), Michael Haughton

Business Faculty Publications

Smooth and efficient flows goods through supply chains depend on two crucial physical resources: supply chain facilities such as warehouses and transportation (e.g., trucks, trains, ships, airplanes, and pipelines). This textbook, "Supply Chain Managerial Processes and Models for Transportation and Facilities Resources", is designed to give students, professionals, and others a comprehensive understanding of the intricate workings of those two resources.

The book is particularly relevant to logistics and transportation courses in post-secondary business programs: both upper-level undergraduate courses and graduate/MBA courses. The book can also be used in courses outside of the traditional post-secondary educational system: e.g., continuing education …

World Class Supply Chain 2023: Dynamic Challenges, Collaborative Solutions, Michael Haughton

Business Faculty Publications

The Seventh Annual World Class Supply Chain Summit was convened on May 3rd, 2023 under the theme of Dynamic challenges, collaborative solutions. Being derived from opinions that attendees expressed in the previous year’s post-summit survey, the theme signified the supply chain community’s strong interest in how organizations and individuals can collaborate with each other to address today’s most pressing challenges. The design of the summit’s deliberations on the theme comprised two keynote addresses (one each from the perspectives of industry and academia), an industry panel, a student forum presentation, and an intergenerational fireside chat by a panel comprising individuals …

World Class Supply Chain 2022: Creating A Sustainable Future, Michael Haughton

Business Faculty Publications

The Sixth Annual World Class Supply Chain Summit on May 4th, 2022 was a landmark in at least threes ways: First, it marked a return to having the annual summit in-person following the COVID-driven cancellation of the 2020 summit and the virtual delivery format of the 2021 summit. Second, the 2022 summit’s hybrid format (simultaneous in-person delivery in Milton, Ontario and online delivery to delegates who attended virtually) required the summit planning team to creatively deploy teleconferencing tools that characterise the pandemic-era. Third, for the very first time, we scheduled a Student Forum segment in which students presented material from …

World Class Supply Chain 2021: Vision 2030: Scm In A New Decade, Michael Haughton

Business Faculty Publications

The Fifth Annual World Class Supply Chain Summit on May 5th, 2021 was momentous in at least threes ways: First, it marked a return to having the annual summit following the cancellation of the 2021 summit because of the COVID- 19 pandemic. Second, in light of ongoing pandemic-related restrictions on in-person gathering, the 2021 summit was convened virtually –this meant leveraging needed digital technology platform and technological savvy of the summit planning team personnel. Third, in light of how the pandemic has affected supply chains, the summit theme (Vision 2030 -SCM in a New Decade) and, the industry representation of …

Weathering A Crisis: A Multi-Level Analysis Of Resilience In Young Ventures, Ali Anwar, Nicole Coviello, Maria Rouziou

Business Faculty Publications

In the context of the external disruption presented by the COVID-19 pandemic, we investigate (1) how individual-level resilience and inter-functional coordination relate to organizational resilience and (2) the link between organizational resilience and firm performance. We view organizational resilience as a resource-based capability and draw on insights regarding psychological capital and relational resources to inform our hypotheses. Our hypotheses are tested with a time-lagged, multi-level study of young technology ventures. The results show that when such firms are resilient, they tend to perform significantly better in a crisis. Further, organizational resilience is positively influenced by the individual resilience of top …

World Class Supply Chain 2019: Next Generation Ideas, Michael Haughton

Business Faculty Publications

Next Generation Ideas, being the theme for the Fourth Annual World Class Supply Chain Summit, reflected summit’s focus on understanding what is becoming and what will continue to be of increasingly of high priority for current and future supply chain professionals. The summit, which was held on May 8th, 2019 in Milton, Ontario, brought together invited executives, scholars, and students to present and carefully examine a range of emerging ideas that are worthy of the supply chain community’s interest. The diversity of such ideas (e.g., new technologies, geopolitical developments, and the role of supply chain analytics) necessitated a …

Estimation Of Multivariate Asset Models With Jumps, Angela Loregian, Laura Ballotta, Gianluca Gianluca Fusai, Marcos Fabricio Perez

Business Faculty Publications

We propose a consistent and computationally efficient two-step methodology for the estimation of multidimensional non-Gaussian asset models built using Levy processes. The proposed framework allows for dependence between assets and different tail behaviors and jump structures for each asset. Our procedure can be applied to portfolios with a large number of assets as it is immune to estimation dimensionality problems. Simulations show good finite sample properties and significant efficiency gains. This method is especially relevant for risk management purposes such as, for example, the computation of portfolio Value at Risk and intra-horizon Value at Risk, as we show in detail …

A Continuous Review Inventory System With Lost Sales And Emergency Orders, Michael Haughton, K.P. Sapna Isotupa

Business Faculty Publications

We analyze a continuous review lost sales inventory system with two types of orders—regular and emergency. The regular order has a stochastic lead time and is placed with the cheapest acceptable supplier. The emergency order has a deterministic lead time is placed with a local supplier who has a higher price. The emergency order is not always filled since the supplier may not have the ability to provide the order on an emergency basis at all times. This emergency order has a higher cost per item and has a known probability of being filled. The total costs for this system …

Innovation In A Complex, Uncertain World: Clarifying The Questions, Seeking The Answers, Michael Haughton

Business Faculty Publications

Innovation has at least 40 definitions, many of which can lay claim to being reliable and valid guidelines for organizations to make improvements by doing something new and different. Towards the goal of providing insights to facilitate fruitful pursuit of supply chain, the Third Annual World Class Supply Chain Summit focused on the theme of Innovation in a Complex, Uncertain World. At this invitation-only summit on May 9th, 2018 in Milton, Ontario, executives, scholars, and students discussed a range of innovation topics. The core of those discussions sought clarity on the following:

1. The complexities, uncertainties, and challenges that …

Practical Supply Chain Management Knowledge From Industry-Academia Dialogue, Michael Haughton

Business Faculty Publications

Value co-creation, which can be defined as a joint initiative by two or more supply chain members to create value that cannot be created by the sole effort of one member, is a cornerstone concept in Supply Chain Management (SCM). To provide needed clarity about the concept, the invitation-only summit "World Class Supply Chain 2017: Value Co-creation", was convened on May 10th, 2017 in Milton, Ontario. The summit brought together accomplished executives, scholars, and students in the SCM field to engage in dialogue directed at uncovering actionable insights about three crucial issues:

1. The business benefits of value co-creation
2. The …

Actionable Supply Chain Management Insights For 2016 And Beyond, Michael Haughton

Business Faculty Publications

The summit "World Class Supply Chain 2016: Critical to Prosperity", contributed to addressing a need that the Supply Chain Management (SCM) field’s current discourse has deemed as critical: that need is for more academia-­‐industry collaboration to develop the field’s body of actionable knowledge. Held on May 4th, 2016 in Milton, Ontario, the summit addressed that need in a way that proved to be both effective and distinctive in the Canadian SCM environment. The summit, convened in partnership between Wilfrid Laurier University’s Lazaridis School of Business & Economics and CN Rail, focused on building actionable SCM knowledge to address …

A Proposal For Supply Chain Management Research That Matters: Sixteen High Priority Research Projects For The Future, Michael Haughton

Business Faculty Publications

On May 4th, 2016 in Milton, Ontario, the World Class Supply Chain 2016 Summit was held in partnership between CN Rail and Wilfrid Laurier University’s Lazaridis School of Business & Economics to realize an ambitious goal: raise knowledge of contemporary supply chain management (SCM) issues through genuine peer-­‐to-­‐peer dialogue among practitioners and scholars. A principal element of that knowledge is an answer to the question: to gain valid and reliable insights for attaining SCM excellence, what issues must be researched further? This White Paper—which is the second of the summit’s two White Papers—addresses the question by proposing a research …

The Benefit Of Information Sharing In A Logistics Outsourcing Context, Hossein Zolfagharinia, Michael Haughton

Business Faculty Publications

The goal of this article is to examine the value of information sharing in outsourcing of logistics activities. Our examination is in the context of a fairly complex network in which location and capacity of carriers are considered. The current research also examines the moderating effect of network settings on the benefit of information sharing. A core component of our methodology is use of computational experiments to provide a variety of logistics network conditions under which we investigate information sharing value. The investigation involves comparing two strategies, namely full and no information sharing. Underlying the experiments are procedures to optimise …

The Benefit Of Information Sharing In A Logistics Outsourcing Context, Hossein Zolfagharinia, Michael Haughton

Business Faculty Publications

The goal of this article is to examine the value of information sharing in outsourcing of logistics activities. Our examination is in the context of a fairly complex network in which location and capacity of carriers are considered. The current research also examines the moderating effect of network settings on the benefit of information sharing. A core component of our methodology is use of computational experiments to provide a variety of logistics network conditions under which we investigate information sharing value. The investigation involves comparing two strategies, namely full and no information sharing. Underlying the experiments are procedures to optimise …