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Articles 1 - 17 of 17
Full-Text Articles in Business
Road Rescue Implements A Continuous Process Improvement Framework, John Olson, Paul Savory
Road Rescue Implements A Continuous Process Improvement Framework, John Olson, Paul Savory
John Olson
Continuous improvement programs traditionally focus on making small incremental improvements to a system. Unfortunately, their success can be limited due to the rapid changing environment within which most small companies operate. Improvement efforts should be flexible enough to capitalize on incremental and radical changes to a system. This paper presents a case analysis of how Road Rescue, an ambulance manufacturer, uses a continuous improvement framework to capitalize on both radical and incremental improvement opportunities. Results include a 10% increase in throughput, reduced cycle time of 44%, increased customer satisfaction, and higher quality.
Προσομοιωτικά Παίγνια Αθλητικού Μάνατζμεντ, Yanni D. Afthinos, Zach Kiaffas
Προσομοιωτικά Παίγνια Αθλητικού Μάνατζμεντ, Yanni D. Afthinos, Zach Kiaffas
Yanni D Afthinos
Στην εκπαίδευση του 19ουαιώνα επικρατεί η «μάθηση γνωρίζοντας», που πραγματοποιείται με διαλέξεις, βιβλία, φίλμς (βίντεο-εικόνες). Στον 21ο αιώνα η εκπαίδευση και η διδασκαλία απαιτεί ευθυκρισία και απόκτηση δεξιοτήτων άρα «μάθηση κάνοντας» (Sandler στον Aldrich 2009, p.xxi) η οποία πρέπει να περιλαμβάνει νέα, εξελιγμένα, πιο αποτελεσματικά μέσα μεταφοράς της πληροφορίας, με στοιχεία που προσομοιάζουν την εργασιακή πραγματικότητα. Πλέον μεγάλοι σημαντικοί οργανισμοί όπως οι ένοπλες δυνάμεις, τα σώματα ασφαλείας, η αεροναυπηγική κ.ά., σε δυτικές χώρες περιλαμβάνουν τα παίγνια και τις προσομοιώσεις ως απαραίτητο μέσο στην εκπαίδευση των στελεχών τους, ιδιαίτερα σε καταστάσεις με επικινδυνότητα (Κιάφφας & Αυθίνος, 2013), αλλά και πολλά εκπαιδευτικά …
The Influence Of Simulation Performance On Student Interest, Steven Dolvin, Mark Pyles
The Influence Of Simulation Performance On Student Interest, Steven Dolvin, Mark Pyles
Steven D. Dolvin
Previous studies examine the potential benefits of using classroom games and simulations, finding that their use generally increases knowledge and interest level. However, few (if any) of these studies examine whether performance in such simulations is relevant to these outcomes. Particularly in investments, where trading simulations are common, the performance relative to peers and the market can be objectively determined based on portfolio return. Thus, we extend the existing literature by studying the impact of portfolio performance on knowledge level and interest in the profession. We find that simulation performance has no significant influence on the students' feelings with regard …
Modeling The Effects Of Port Disasters, Jomon Aliyas Paul, Michael Maloni
Modeling The Effects Of Port Disasters, Jomon Aliyas Paul, Michael Maloni
Jomon Aliyas Paul
Weather or terrorism-related disasters at seaports can lead to significant economic losses from vessel and cargo delays. In times of such disasters, port capacities and optimal shipment routings would change rapidly, requiring near real-time analyses for planning response operations. To address this challenge, we offer a decision support system to help port networks analyze disaster response scenarios. As part of the model, an algorithm routes arriving ships to ports to optimize the use of network capacity with respect to ocean and inland transportation, port and inventory capital costs. To reflect changing port congestion conditions, port capacities are dynamically updated in …
Gambling On Gambling: Financial Implications Of Raising Bet Limits And Table Differentials, Mark Spence, Stephen Sugden, Sudhir Kale
Gambling On Gambling: Financial Implications Of Raising Bet Limits And Table Differentials, Mark Spence, Stephen Sugden, Sudhir Kale
Mark Spence
The house advantage for Baccarat is known, hence the theoretical win can be determined. What is impractical to theoretically determine is the frequency and financial implications of extreme events, for example, prolonged winning streaks coupled with various betting patterns. The simulation herein provides such granularity. We explore the effect of following the ‘hot hand’, that is, rapidly escalating bets when players are on a winning streak. To minimize their exposure, casino management sets a table bet maximum as well as a table differential. These figures can and do serve as a means to differentiate one casino from another. As the …
Simulation Down Under, Matthew P. Pepper, Trevor A. Spedding
Simulation Down Under, Matthew P. Pepper, Trevor A. Spedding
Trevor Spedding
This paper provides a brief literature review of the current applications of simulation in Australia. The paper identi-fies areas that use simulation modeling and dynamic tools for growth and improvement, while also highlighting opportunities for future applications of simulation. The simulation applications highlighted in this paper are focused on some of the most significant issues facing Australia today.
Gambling On Gambling: Financial Implications Of Raising Bet Limits And Table Differentials, Mark Spence, Stephen Sugden, Sudhir Kale
Gambling On Gambling: Financial Implications Of Raising Bet Limits And Table Differentials, Mark Spence, Stephen Sugden, Sudhir Kale
Sudhir H. Kale
The house advantage for Baccarat is known, hence the theoretical win can be determined. What is impractical to theoretically determine is the frequency and financial implications of extreme events, for example, prolonged winning streaks coupled with various betting patterns. The simulation herein provides such granularity. We explore the effect of following the ‘hot hand’, that is, rapidly escalating bets when players are on a winning streak. To minimize their exposure, casino management sets a table bet maximum as well as a table differential. These figures can and do serve as a means to differentiate one casino from another. As the …
Simulation Down Under, Matthew P. Pepper, Trevor A. Spedding
Simulation Down Under, Matthew P. Pepper, Trevor A. Spedding
Matthew Pepper
This paper provides a brief literature review of the current applications of simulation in Australia. The paper identi-fies areas that use simulation modeling and dynamic tools for growth and improvement, while also highlighting opportunities for future applications of simulation. The simulation applications highlighted in this paper are focused on some of the most significant issues facing Australia today.
To Segment Or Not To Segment? An Investigation Of Segmentation Strategy Success Under Varying Market Conditions, Sara Dolnicar, R. Freitag, Melanie J. Randle
To Segment Or Not To Segment? An Investigation Of Segmentation Strategy Success Under Varying Market Conditions, Sara Dolnicar, R. Freitag, Melanie J. Randle
Melanie Randle
A computer simulation study is conducted to explore the interaction of alternative segmentation strategies and the competitiveness of the market environment, a goal that can neither be tackled by purely analytic approaches as there is neither sufficient and undistorted real market data available to deduct findings in an empirical manner. The fundamental idea of the simulation is to increase competition in the artificial marketplace and to study the influence of segmentation strategy and varying market conditions on organisational success. Success/failure is measured using two performance criteria: number of units sold and survival of organisations over 36 periods of time. Three …
The Optimal Timing Of Strategic Action – A Real Options Approach, Gordon G. Sollars, Sorin A. Tuluca
The Optimal Timing Of Strategic Action – A Real Options Approach, Gordon G. Sollars, Sorin A. Tuluca
Journal of Entrepreneurship, Management and Innovation JEMI
The possibility of a first-mover advantage arises in a variety of strategic choices, including product introductions, business start-ups, and mergers and acquisitions. The strategic management literature reflects ambiguity regarding the likelihood that a first mover can or will capture additional value. This paper uses a real options approach to address the optimal timing of strategic moves. Previous studies have modeled real options using either a perpetual or a European financial option. With these models, a strategic choice could only be made either without respect to a time frame (perpetual) or at a fixed point in time (European option.) Neither case …
Generating A Random Collection Of Discrete Joint Probability Distributions Subject To Partial Information, Luis V. Montiel, J. Eric Bickel
Generating A Random Collection Of Discrete Joint Probability Distributions Subject To Partial Information, Luis V. Montiel, J. Eric Bickel
Eric Bickel
In this paper, we develop a practical and flexible methodology for generating a random collection of discrete joint probability distributions, subject to a specified information set, which can be expressed as a set of linear constraints (e.g., marginal assessments, moments, or pairwise correlations). Our approach begins with the construction of a polytope using this set of linear constraints. This polytope defines the set of all joint distributions that match the given information; we refer to this set as the “truth set.”We then implement aMonte Carlo procedure, the Hit-and- Run algorithm, to sample points uniformly from the truth set. Each sampled …
Estimation Of The Evacuation Time In An Emergency Situation In Hospitals, Davood Golmohammadi, Daniel Shimshak
Estimation Of The Evacuation Time In An Emergency Situation In Hospitals, Davood Golmohammadi, Daniel Shimshak
Davood Golmohammadi
In this paper, a prediction model is presented that estimates the evacuation time in an emergency situation for hospitals. The model is generic enough to be used in various hospital settings. This model can provide incident managers with estimates of the evacuation times of different types of patients and can offer support to the managers with their resource allocation decisions in emergency situations. The major advantage of the prediction model is that the computation time is very short and the model does not need a lengthy and costly design. The model was applied for several different evacuation scenarios and the …
Locating Sociological Concepts In Business Games, Dylan Kissane, Helen Roux-Fontaine
Locating Sociological Concepts In Business Games, Dylan Kissane, Helen Roux-Fontaine
Dylan Kissane
"This article describes one strategy for demonstrating the value of sociological concepts to business students by adopting a cross-discipline approach to a business game at a French-American business school. This strategy proved effective in allowing a social science professor to demonstrate the practical implications of two concepts – gender and race – to undergraduate students while simultaneously allowing an international management professor to demonstrate how cross-cultural teams should be managed in order to work effectively. This article first explains the Ecotonos business game; secondly, it explains the crucial debriefing process for the business game and demonstrates how sociological concepts can …
Cleaning Of Rivers Through The Application Of Advanced Technologies, Praveen Jha Dr
Cleaning Of Rivers Through The Application Of Advanced Technologies, Praveen Jha Dr
Praveen Jha Dr
Despite immense drain on our scarce resources, rivers remain polluted. Waste disposal into rivers on top of meager to absent infrastructural facilities, including treatment facilities, are the most important drivers of pollution. Unscientific development paradigm devoid of adequate environmental safeguards and failure of forestry sector to cope up with the challenge has led to the deteriorated condition of green cover and water. Several state-of-art geo-spatial programs developed by the author would be applied for generating optimum state-of-art plan. Three state-of-art geo-spatial programs - Multi-Algorithm Automation Program (MAAP), Data Automatic Modification Program (DAMP) and Multi-Stage Simulation Program (MUSSIP) - developed primarily …
Rfid-Enabled Inventory Control Optimization: A Proof Of Concept In A Small-To-Medium Retailer, H. Dane, Katina Michael, S. F. Wamba
Rfid-Enabled Inventory Control Optimization: A Proof Of Concept In A Small-To-Medium Retailer, H. Dane, Katina Michael, S. F. Wamba
Dr Samuel Fosso Wamba
This study examines the impact of radio-frequency identification (RFID) technology on the inventory control practices of a small-to-medium retailer using a proof of concept (PoC) approach. The exploratory study was conducted using a single case study of a hardware retailer stocking 5000 product lines provided by 110 active suppliers. To analyze the present mode of operation, procedural documents, semi-structured interviews and a participant observation was conducted. The basis for the proof of concept was a future mode of operation using a quasi-experimental design. Results indicate that in a small-to-medium retail environment, RFID technology could act as a loss prevention mechanism, …
Drinking Water Optimum Supply System (Dwoss) Through The Application Of Advanced Technologies, Praveen Jha Dr
Drinking Water Optimum Supply System (Dwoss) Through The Application Of Advanced Technologies, Praveen Jha Dr
Praveen Jha Dr
Paradigm shift in the approach for planning regarding supply of drinking water is mandatory since the current DPRs are unscientific and expensive. Planning for an optimum Drinking Water Supply System (ODWSS) that includes - optimization of Water Source Point (WSP), Water Treatment System (WTS), Water Storage Systems (WSSs), Water Distribution Points (WDP) and Water Supply Network (WSN); scientific estimation of long term demand of drinking water; minimization of physical and financial resources required for the plan implementation; water conservation and sanitation – could be done by applying several state-of-art geo-spatial programs developed by the author. Three programs - Multi-Algorithm Automation …
Solid Waste Management Through The Application Of Advanced Technologies, Praveen Jha Dr
Solid Waste Management Through The Application Of Advanced Technologies, Praveen Jha Dr
Praveen Jha Dr
State-of-art long term plan for Solid Waste Management (SWM) including collection, transportation and disposal of Solid Waste (SW), as well as for monitoring of SWM, by generating integrated solution could be generated through the application of advanced technologies so that the policy interventions may prove to be highly successful and cost-effective. Currently, SWM plans are either non-existent or are riddled with serious problems and limitations. SWM plans are extremely expensive. Long term planning could be done for collection, transportation and disposal of SW in such a manner that Waste Collection Points, transportation routes, schedules regarding transportation, loading, unloading, stoppage etc, …