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Formulating Reliable Target Outturn Costs in Transport Infrastructure Projects: Insights From Senior Executives 在交通基础设施项目中制定可靠的最终目标成本:高级管理人员的见解
Q1 Business, Management and Accounting Pub Date : 2024-01-26 DOI: 10.1109/EMR.2024.3357825
Derek H. T. Walker;Peter E. D. Love;Paul Vaz-Serra
Collaborative procurement methods, such as alliancing and its variants, are becoming increasingly popular in delivering large-scale transport infrastructure projects. The systematic design of the Project Alliance Agreement (PAA) provides the basis for stimulating collaborative behaviors to be enacted, which contributes to ensuring that best-for-project decision making and outcomes are delivered. However, despite the nascent adoption of alliancing, knowledge is absent on effectively delivering transport infrastructure projects on time and within budget. Thus, this article focuses on alliances and addresses the following question: How can alliances produce reliable target outturn costs (TOCs) for transport infrastructure projects? To answer this question, we draw on the experiences of senior executives involved in formulating a TOC (including the target adjustment event) in rail infrastructure projects. We find the PAA shapes and guides collaborative behaviors, enabling alliance team members to jointly consider the context and complexity of projects and, thus, develop realistic and reliable estimates of their TOC. The insights we obtained from the senior executives provide insights into the decision-making processes of alliances, enabling a better understanding of how large-scale rail infrastructure projects' cost and time performance can be improved.
合作采购方法,如联盟及其变体,在交付大型交通基础设施项目中越来越受欢迎。项目联盟协议(PAA)的系统化设计为激励合作行为的实施提供了基础,有助于确保项目决策和成果达到最佳效果。然而,尽管联盟的采用刚刚起步,但关于在预算范围内按时有效交付交通基础设施项目的知识还很匮乏。因此,本文以联盟为重点,探讨以下问题:联盟如何才能为交通基础设施项目产生可靠的目标结算成本(TOC)?为了回答这个问题,我们借鉴了参与制定铁路基础设施项目目标成本(包括目标调整事件)的高级管理人员的经验。我们发现,PAA 塑造并指导了合作行为,使联盟团队成员能够共同考虑项目的背景和复杂性,从而对其 TOC 进行现实可靠的估算。我们从高级管理人员那里获得的见解有助于深入了解联盟的决策过程,从而更好地理解如何改善大型铁路基础设施项目的成本和时间绩效。
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引用次数: 0
Supply Chain Finance: How Do Supply Chain Strategies Perform in Mitigating Supply Chain Disruption and Commodity Price Volatility Risks? 供应链金融:供应链战略在缓解供应链中断和商品价格波动风险方面表现如何?
Q1 Business, Management and Accounting Pub Date : 2024-01-26 DOI: 10.1109/EMR.2024.3358104
Roberta Pellegrino
We adopt the supply chain (SC)-oriented perspective to investigate how operations and SC management decisions may help firms in dealing with two major challenges of SC finance, SC disruptions, and commodity price volatility (CPV). We develop a model that combines a novel problem setting to holistically investigate the effect of multiple sourcing under supply disruptions and price volatility. Such a combination is unique in the literature and captures some of the complexities of sourcing decisions in practice. Through a real case, we find that multiple sourcing may be robust to mitigate disruption and CPV risks, although it is paramount to assess the value of the strategy before its implementation. We provide a framework for decision makers aiding managers determining in which conditions multiple sourcing is best suited to mitigate risks and improve firm's cash flow and profitability. Our article makes an important contribution by shaping for the first time a model that can be used to theoretically understand the effectiveness of sourcing strategies in mitigating supply disruptions and CPV risks appearing simultaneously. It contributes to the industrial practice by providing a model supporting the decision making of firms in shaping their sourcing strategy.
我们采用以供应链(SC)为导向的视角,研究运营和供应链管理决策如何帮助企业应对供应链金融的两大挑战:供应链中断和商品价格波动(CPV)。我们建立了一个模型,该模型结合了新颖的问题设置,全面研究了供应中断和价格波动情况下多重采购的影响。这样的组合在文献中是独一无二的,它捕捉到了实践中采购决策的一些复杂性。通过一个真实案例,我们发现多重采购可以有效地降低供应中断和价格波动风险,不过在实施之前必须对该战略的价值进行评估。我们为决策者提供了一个框架,帮助管理者确定在哪些情况下多重采购最适合降低风险,改善公司的现金流和盈利能力。我们的文章做出了重要贡献,首次建立了一个模型,可用于从理论上理解采购战略在缓解同时出现的供应中断和CPV风险方面的有效性。它为企业制定采购战略的决策提供了一个支持模型,从而为行业实践做出了贡献。
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引用次数: 0
Economic Impacts and Financial Strategies of Turkish Logistics’ Companies During the COVID-19 Crisis COVID-19 危机期间土耳其物流公司的经济影响和财务策略
Q1 Business, Management and Accounting Pub Date : 2024-01-16 DOI: 10.1109/EMR.2024.3354877
Asghar Afshar Jahanshahi;Fatma Sonmez Cakir;Ozan Kalaycioglu;Zafer Adiguzel
Logistics’ companies played a vital role in the supply and distribution of products in a timely and effective manner during the COVID-19 pandemic. The research sought to know how financial authorities in these companies managed the financial process and how they approached resolving issues due to the economic and financial problems experienced during the COVID-19 pandemic. Using data from 30 experts from the accounting-finance departments of logistics’ companies, we found that the COVID-19 pandemic caused a decrease in revenues of the logistics’ companies in Turkey and increased demands for loan payments before their maturity date. According to this study, the most important factors affecting logistics’ companies during this health crisis were unpredictable changes in exchange rates, currency depreciation (Turkish lira), and increased rental fees. Through this research, we learned how the economic and financial problems experienced by logistics’ companies were managed by financial experts during the COVID-19 pandemic.
在 COVID-19 大流行期间,物流公司在及时有效地供应和分配产品方面发挥了重要作用。研究试图了解这些公司的财务部门是如何管理财务流程的,以及他们是如何解决 COVID-19 大流行期间遇到的经济和财务问题的。通过使用来自物流公司会计财务部门 30 位专家的数据,我们发现 COVID-19 大流行导致土耳其物流公司的收入减少,并增加了在贷款到期日之前支付贷款的要求。根据这项研究,在这场健康危机中,影响物流公司的最重要因素是不可预测的汇率变动、货币贬值(土耳其里拉)和租金上涨。通过这项研究,我们了解到在 COVID-19 大流行期间,金融专家是如何处理物流公司遇到的经济和金融问题的。
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引用次数: 0
Comparing the Ideation Quality of Humans With Generative Artificial Intelligence 比较人类与生成式人工智能的构思质量
Q1 Business, Management and Accounting Pub Date : 2024-01-12 DOI: 10.1109/EMR.2024.3353338
Jan Joosten;Volker Bilgram;Alexander Hahn;Dirk Totzek
Traditionally, ideating new product innovations is primarily the responsibility of marketers, engineers, and designers. However, a rapidly growing interest lies in leveraging generative artificial intelligence (AI) to brainstorm new product and service ideas. This study conducts a comparative analysis of ideas generated by human professionals and an AI system. The results of a blind expert evaluation show that AI-generated ideas score significantly higher in novelty and customer benefit, while their feasibility scores are similar to those of human ideas. Overall, AI-generated ideas comprise the majority of the top-performing ideas, while human-generated ideas scored lower than expected. The executive's emotional and cognitive reactions were measured during the evaluation to check for potential biases and showed no differences between the idea groups. These findings suggest that, under certain circumstances, companies can benefit from integrating generative AI into their traditional idea-generation processes.
传统上,新产品创新创意主要由营销人员、工程师和设计师负责。然而,人们对利用人工智能(AI)来集思广益创造新产品和服务创意的兴趣正在迅速增长。本研究对人类专业人员和人工智能系统产生的创意进行了比较分析。专家盲评结果表明,人工智能生成的创意在新颖性和客户利益方面得分明显更高,而其可行性得分与人类创意相似。总体而言,人工智能生成的创意占表现最佳创意的大多数,而人类生成的创意得分低于预期。在评估过程中,对执行人员的情绪和认知反应进行了测量,以检查是否存在潜在的偏差,结果显示创意组之间没有差异。这些研究结果表明,在某些情况下,公司可以从将人工智能集成到传统的创意生成流程中获益。
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引用次数: 0
Evaluate Market Potential of an Initial Product Concept With Jobs-to-Be-Done 利用 "待完成工作 "评估初始产品概念的市场潜力
Q1 Business, Management and Accounting Pub Date : 2024-01-12 DOI: 10.1109/EMR.2024.3353618
Philipp Moessner;Raphael Haegle;Larissa Eiler;Kevin Kloepfer
Many product innovations fail to gain customer acceptance, and the reasons for this can vary. Various instruments, including product roadmaps, market segmentation, requirements engineering, and tender and performance specifications, are typically used to reduce the risk of failure in product development. These methods aim to incorporate and translate various customer requirements into product features. However, the measure of success can often only be observed after the market launch. Until then, a product innovation requires a high expenditure of time and money, which cannot be amortized in case of failure. Therefore, this article presents a methodology for assessing the market potential of product innovations based on the jobs-to-be-done theory. The methodology focuses on evaluating initial existing product concepts to minimize the possibility of product failures and identify them early. For this purpose, it comprises three phases. The first phase focuses on identifying market segments based on jobs and circumstances. In the second phase, stakeholder needs and market potential are linked. In the third phase, the results of phase two are analyzed and elaborated in a 2 × 2 matrix. The methodology was applied in the context of an actual use case of a spraying equipment manufacturer.
许多产品创新无法获得客户的认可,原因可能各不相同。为了降低产品开发失败的风险,通常会采用各种手段,包括产品路线图、市场细分、需求工程以及投标和性能规格。这些方法旨在将客户的各种要求纳入并转化为产品功能。然而,衡量成功与否的标准往往只能在产品投放市场后才能看到。在此之前,产品创新需要花费大量的时间和金钱,而一旦失败,这些时间和金钱就无法摊销。因此,本文提出了一种基于待完成工作理论的产品创新市场潜力评估方法。该方法侧重于评估最初的现有产品概念,以最大限度地减少产品失败的可能性,并及早发现问题。为此,该方法包括三个阶段。第一阶段的重点是根据工作和环境确定细分市场。在第二阶段,将利益相关者的需求与市场潜力联系起来。在第三阶段,对第二阶段的结果进行分析,并在 2 × 2 矩阵中进行阐述。该方法在一家喷涂设备制造商的实际使用案例中得到了应用。
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引用次数: 0
Finding Blockchain Value: A Business Ecosystem Approach 寻找区块链价值:商业生态系统方法
Q1 Business, Management and Accounting Pub Date : 2024-01-04 DOI: 10.1109/EMR.2024.3349629
Elias Ribeiro da Silva;Jannis Angelis
While there is increasing popularity and interest in blockchain use, the focus is largely on the technology itself and its potential benefits. However, successful exploitation of the technology requires an appropriate business ecosystem in which the technology is applied. Understanding this and the role actors have within it is essential for blockchain use to be successful. The different companies in its ecosystem are treated as homogenous, while in reality, they often have very different roles in the system and operate under different conditions. In this article, we identify four groups within a business ecosystem based on their level of dominance and transparency. These two categories play a key role in defining an appropriate blockchain strategy, showing that while some actors directly benefit from blockchain use, others will only do so by adjusting their offerings. We provide practitioners with a method for assessing a suitable blockchain strategy based on their role within their business ecosystems. We also highlight issues around data ownership, initial technology investment, and the interaction with new entrants. For academics, we critically identify and assess the characteristics of business ecosystem groups and the related implications of blockchain adoption.
虽然人们对区块链的使用越来越普遍,兴趣也越来越浓厚,但关注的焦点主要集中在技术本身及其潜在的好处上。然而,要成功利用该技术,需要有一个适当的商业生态系统来应用该技术。要想成功使用区块链技术,就必须了解这个生态系统以及其中的参与者所扮演的角色。区块链生态系统中的不同公司被视为同质的,而实际上,它们在系统中的角色和运作条件往往大相径庭。在本文中,我们根据其主导程度和透明度,确定了商业生态系统中的四个群体。这两类群体在确定适当的区块链战略方面发挥着关键作用,它们表明,虽然有些参与者能直接从区块链的使用中获益,但其他参与者只能通过调整其产品来获益。我们为从业者提供了一种方法,根据他们在业务生态系统中的角色来评估合适的区块链战略。我们还强调了与数据所有权、初始技术投资以及与新进入者的互动有关的问题。对于学术界,我们批判性地识别和评估了商业生态系统群体的特征以及采用区块链的相关影响。
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引用次数: 0
A Smart Contract Architecture Framework for Insurance Industry Using Blockchain and Business Process Management Technology 使用区块链和业务流程管理技术的保险业智能合约架构框架
Q1 Business, Management and Accounting Pub Date : 2024-01-04 DOI: 10.1109/EMR.2023.3348431
Abdelhadi Rachad;Lotfi Gaiz;Khalid Bouragba;Mohammed Ouzzif
The Covid-19 pandemic prompted insurance companies to shift from their traditional operating mode to a digital one. This shift is to promote improved performance, cost reduction, and enhanced customer service. Blockchain is to aid the insurance industry radically transform its operations by enabling faster exchange of verifiable data, visibility for all parties, and transactions underpinned by pervasive security and trust. It permits the replacement of third parties so as to benefit from timestamping services, storage of evidence, and the history of actions taken to verify the identity of the original issuer and any cosigners of a document. In this article, we propose a solution for insurance service providers based on a private blockchain for E-insurance service providers–customers corresponding to a community network. The objective of this article is to support the actors involved in this decision-making process by illustrating what a blockchain is, by analyzing its advantages and disadvantages, as well as by discussing the use cases drawn from the sector of insurance, which could easily be extended to another domain. Besides, we present our architecture proposal to make all types of insurance smart contracts based on business process management and blockchain.
Covid-19 大流行促使保险公司从传统运营模式向数字化运营模式转变。这种转变旨在促进提高绩效、降低成本和加强客户服务。区块链将帮助保险业从根本上转变其运营方式,实现更快的可验证数据交换、所有各方的可见性以及以普遍安全和信任为基础的交易。区块链允许取代第三方,从而受益于时间戳服务、证据存储和行动历史,以验证文件原始签发人和任何共同签署人的身份。在本文中,我们为保险服务提供商提出了一种解决方案,该方案基于电子保险服务提供商--与社区网络相对应的客户--的私有区块链。本文的目的是通过说明什么是区块链、分析区块链的优缺点以及讨论保险行业的用例,为参与决策过程的参与者提供支持,这些用例可以很容易地扩展到其他领域。此外,我们还提出了基于业务流程管理和区块链的所有类型保险智能合约的架构建议。
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引用次数: 0
The Interplay of Incentives, Electricity Price, and Demand on Transport Decarbonization: The Case of Electric Vehicles in the U.S. 激励机制、电价和需求对交通去碳化的相互作用:美国电动汽车案例
Q1 Business, Management and Accounting Pub Date : 2023-12-29 DOI: 10.1109/EMR.2023.3347147
Tianye Wang;Jonathan Deason;Ekundayo Shittu
While extant research explores the impact of electric vehicle (EV) incentives on EV market shares, less is known about how such policies and other socioeconomic factors interact that ultimately affect the goal of transportation emission reductions. The study summarized herein employed a sample of 510 state-year CO$_{2}$ emissions datasets in the transportation sector spanning a decade (2010–2019) in a multiple linear regression model. Going beyond earlier studies, we find that, while a higher number of EV incentives would significantly contribute to transportation emission reductions, this effect could be dampened by population growth. In addition, we find that, while higher electricity prices may weaken the effectiveness of EV incentives, a high count of EV incentives is more effective in reducing CO$_{2}$ emissions than a low count of EV incentives when the electricity price is low. This finding implies that having multiple EV incentives can be effective in reducing transportation carbon emissions even in the face of rising prices of electricity. The study also examines the effectiveness of promoting the density of charging stations and alternative fuel incentives in advancing carbon emission reductions.
尽管现有研究探讨了电动汽车(EV)激励措施对电动汽车市场份额的影响,但对于此类政策与其他社会经济因素如何相互作用,最终影响交通减排目标的研究却较少。本文总结的研究在多元线性回归模型中使用了 510 个州-年交通部门 CO$_{2}$ 排放数据集样本,时间跨度长达十年(2010-2019 年)。与之前的研究不同,我们发现,虽然更多的电动汽车激励措施将显著促进交通减排,但人口增长可能会抑制这一效果。此外,我们还发现,虽然电价上涨可能会削弱电动汽车激励措施的效果,但在电价较低时,高数量的电动汽车激励措施比低数量的电动汽车激励措施更能有效减少 CO$_{2}$ 的排放。这一发现意味着,即使在电价上涨的情况下,多种电动汽车激励措施也能有效减少交通碳排放。本研究还探讨了提高充电站密度和替代燃料激励措施在推进碳减排方面的有效性。
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引用次数: 0
Market Opportunities for Innovative Digital Applications in the Post-Covid-19 Period 后科维德-19 时代创新数字应用的市场机遇
Q1 Business, Management and Accounting Pub Date : 2023-12-27 DOI: 10.1109/EMR.2023.3347482
Panagiota Galetsi;Korina Katsaliaki;Sameer Kumar
A contribution to mitigate the disastrous effects of the Covid-19 pandemic has been exemplified by the development of innovative product and service applications with the use of digital technologies, such as artificial intelligence, machine learning, and big data analytics. In this discussion article, we examine nine major application categories, namely, diagnostic mechanisms; contact-tracing apps; hospitalization/mortality prediction models; drug repurposing models; new vaccine models; business prediction models/robotic service apps; learning and teleconferencing systems; chatbots; and smart cities apps for environmental impact. Their analysis shows the potential long-term impact and challenges in relation to the global markets and social environment.
利用人工智能、机器学习和大数据分析等数字技术开发创新产品和服务应用,为减轻 Covid-19 大流行病的灾难性影响做出了贡献。在这篇讨论文章中,我们研究了九大应用类别,即诊断机制、接触追踪应用程序、住院/死亡预测模型、药物再利用模型、新型疫苗模型、商业预测模型/机器人服务应用程序、学习和远程会议系统、聊天机器人以及影响环境的智慧城市应用程序。他们的分析显示了与全球市场和社会环境有关的潜在长期影响和挑战。
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引用次数: 0
When Views Do Not Match: Different Insights of Management and Staff Into Frequency Converter Reliability and Maintenance 当观点不一致时:管理层和员工对变频器可靠性和维护的不同见解
Q1 Business, Management and Accounting Pub Date : 2023-12-22 DOI: 10.1109/EMR.2023.3346036
Katriina Korpinen;Tommi J. Kärkkäinen;Pertti Silventoinen
Frequency converters can cause expensive downtime in industrial applications when they fail. How reliability appears in the field and how the workers find the situation has, however, remained obscure. Maintenance and cultural issues affecting the reliability of frequency converters have not been reported in the scientific literature either. In this work, a survey was conducted to gather data about the conceptions and views of maintenance professionals and production facility management in different kinds of factories in Finland. The data related to the failures, reliability, and life cycle management of frequency converters were gathered from three organizational levels. The aim was to reveal any significant differences in the conceptions between people at different organizational levels. The frequency and adverse impacts of failures and the prevalence of life cycle management systems were also of interest. The data were analyzed using statistical and numerical methods. According to all respondents, frequency converter failures happen regularly, and failures cause a variety of adverse impacts. The analysis showed that the organizational levels had disparate conceptions about issues related to frequency converter reliability and maintenance. Better communication between the organizational levels could promote mutual understanding.
在工业应用中,变频器一旦发生故障,就会导致代价高昂的停机时间。然而,可靠性在现场是如何显现的,工人们又是如何发现这种情况的,这些问题一直模糊不清。影响变频器可靠性的维护和文化问题在科学文献中也未见报道。在这项工作中,我们进行了一项调查,以收集有关芬兰不同类型工厂的维护专业人员和生产设备管理人员的观念和观点的数据。从三个组织层面收集了与变频器故障、可靠性和生命周期管理有关的数据。目的是揭示不同组织级别的人员在观念上是否存在明显差异。此外,故障发生的频率和负面影响以及生命周期管理系统的普及程度也是研究的重点。数据采用统计和数字方法进行分析。所有受访者都认为,变频器故障经常发生,故障会造成各种不利影响。分析表明,各组织层面对变频器可靠性和维护相关问题的认识存在差异。加强组织层面之间的沟通可以促进相互理解。
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引用次数: 0
期刊
IEEE Engineering Management Review
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