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Full-Text Articles in Business
Exploiting Metaheuristics To Strategize On Performance-Based Logistics Contracts For Mro Services, Arnd Schirrmann, Elaine Wong, Zhichao Zheng
Exploiting Metaheuristics To Strategize On Performance-Based Logistics Contracts For Mro Services, Arnd Schirrmann, Elaine Wong, Zhichao Zheng
Research Collection Lee Kong Chian School Of Business
An inherent challenge of using Performance-Based Logistics (PBL) contracts for aircraftmaintenance, repair and overhaul (MRO) services is pricing. As with traditional bricks andmortar services, under-priced contracts cannot cover costs, while overpriced contracts loseout to competition. Furthermore MRO services have an additional element of uncertainty.Performance uncertainties arise due to the inability to accurately forecast demand of spareparts, while cost uncertainties are a result of globally distributed operations subjected tofluctuating economic conditions. Previous work to solve this contracting problem adoptedthe principal-agent model, obtaining an optimal solution from the perspective of both riskaverseparties (i.e., a price-sensitive customer and a profit-driven service provider). Thiswork …
More Important Than Results, Bert De Reyck, Zeger Degraeve
More Important Than Results, Bert De Reyck, Zeger Degraeve
Research Collection Lee Kong Chian School Of Business
Managing only for results leads to crises, say Bert De Reyck and Zeger Degraeve. Reward people for the decisions they make, not just for the results they create.
Creating Competitive Advantages In The Global Marketplace: The Singapore Experiment In India, Caroline Yeoh, Victor Sim, Norhanna Yumi
Creating Competitive Advantages In The Global Marketplace: The Singapore Experiment In India, Caroline Yeoh, Victor Sim, Norhanna Yumi
Research Collection Lee Kong Chian School Of Business
No abstract provided.
Effective Project Planning: Making The Most Of Project Planning Tools, Bert De Reyck
Effective Project Planning: Making The Most Of Project Planning Tools, Bert De Reyck
Research Collection Lee Kong Chian School Of Business
Although project planning tools such as Microsoft Project and Primavera have become indispensable tools for supporting the project planning process in a wide variety of industries and organizations, many companies do not use these tools in the best possible way, resulting in disappointment and frustration as well as a lack of effective project management support. In this article, we propose several guidelines on what to do,