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作者:Ross, WT; Anderson, E; Weitz, B
作者单位:INSEAD Business School; State University System of Florida; University of Florida
摘要:We focus on the principal-agent relationship in a distribution channel. In a services context (insurance), we examine how two facets of performance, from the point of view of both the principal and the agent, are influenced by the perceiver's belief that it. is more committed to the relationship than is the other party. Using primary data from 255 insurance agent-insurance provider dyads, we show that each side's assessment of how much it benefits from the dyad is related in a potentially dysf...
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作者:Hendricks, KB; Singhal, VR
作者单位:University System of Georgia; Georgia Institute of Technology
摘要:This paper empirically estimates the impact of not meeting promised new product introduction dates on the market value of the firm. We estimate the average ''abnormal'' change in the market value for a sample of 101 firms around the date when information about delaying the introduction of new products is publicly announced. On average, delay announcements decrease the market value of the firm by 5.25%. The average dollar change in the market value in 1991 dollars is $-119.3 million. The eviden...
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作者:Karmarkar, US; Pitbladdo, RC
摘要:This paper integrates the process oriented view of quality in manufacturing with the multiattribute product positioning and customer preference models of marketing, within the context of traditional economic models of markets and competition. In manufacturing applications, ''quality'' is often defined as conformance to specifications or as meeting standards on the performance of the product. In the marketing and economics literature, ''quality'' typically refers to the performance level or ''c...
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作者:Simaan, Y
摘要:Konno and Yamazaki (1992) propose the mean absolute deviation (MAD) model as an alternative to the mean variance (MV) model. They claim it retains all the positive features of the MV model, saves the investor computing time, and does not require the covariance matrix. This paper shows that ignoring the covariance matrix results in greater estimation risk that outweighs the benefits. In both models, estimation error is more;severe in small samples (small. observations relative to the number of ...
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作者:Carley, KM; Lin, ZA
作者单位:Hong Kong University of Science & Technology
摘要:How should organizations of intelligent agents be designed so that they exhibit high performance despite information distortion? We present a formal information-based network model of organizational performance given a distributed decision making environment in which agents encounter a radar detection task. Using this model, we examine rite performance of organizations with, various designs in different task environments subject to various types of information distortion, We distinguish five s...
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作者:Duenyas, I; Hopp, WJ; Bassok, Y
作者单位:Northwestern University
摘要:We consider the situation of a supplier plant whose customer plants desire just-in-time (JIT) deliveries. Randomness in both the production and demand processes make satisfying every demand that might occur in true JIT fashion impossible. Therefore, supplier plants typically negotiate bounds on JIT contracts with their customers. In this paper, we focus on the use Of ''quotas'' or ''target inventory levels'' as a mechanism for establishing such bounds. That is, the supplier firm is responsible...
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作者:Sakakibara, S; Flynn, BB; Schroeder, RG; Morris, WT
作者单位:Wake Forest University; University of Minnesota System; University of Minnesota Twin Cities
摘要:We consider Just-in-Time (JIT) to be an overall organizational phenomenon. Accordingly, we developed and tested a model that includes both JIT practices and the infrastructure practices hypothesized to provide an environment in which JIT practices perform more effectively. Canonical correlation analysis was used to test five hypotheses. The results indicated that: (1) there was not a significant relationship between the use of JIT practices, alone, and manufacturing performance; (2) there was ...
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作者:Basso, A; Pianca, P
摘要:In this paper efficient bounds for the price of a call option are obtained using the decreasing absolute risk aversion (DARA) dominance rule. Such lower and upper bounds are obtained minimizing and maximizing, respectively, the objective function of a nonlinear optimization problem. An explicit formula (related to an exponential utility function) is given for the special case of three states of nature. A large number of experiments have been carried out and the numerical results support the co...
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作者:Bakos, JY
作者单位:University of California System; University of California Irvine
摘要:Information systems can serve as intermediaries between the buyers and the sellers in a market, creating an electronic marketplace that lowers the buyers' cost to acquire information about seller prices and product offerings. As a result, electronic marketplaces reduce the inefficiencies caused by buyer search costs, in the process reducing the ability of sellers to extract monopolistic profits while increasing the ability of markets to optimally allocate productive resources. This article mod...
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作者:Hendricks, KB; Singhal, VR
作者单位:University System of Georgia; Georgia Institute of Technology
摘要:This study explores the hypotheses that implementing effective total quality management (TQM) programs improves the operating performance of firms. The winning of quality awards is used as a proxy for the effective implementation of TQM programs. Changes in various performance measures for a test sample of quality-award winners are compared against a sample of control firms. Our statistical tests provide strong evidence that firms that have won quality awards outperform the control firms on op...