Data have changed the characteristics of the global value chain in the context of digital economy. Standards and innovation are the key facilitators of digital economy. Considering the collaborative development of innovation and standardization, this paper constructs a theoretical model of the impact of innovation and standardization levels on company competitiveness. Furthermore, the moderating effect of the coupling coordination of innovation and standardization was analyzed for both factors. In total, 171 listed companies in the field of digital economy were selected as the research. The results indicated that a company’s level of innovation and standardization influences company competitiveness. Moreover, the relationship between innovation and standardization was found to be a coordinating development relationship and not a conventional promotion or hindrance. This article also proposed some pertinent suggestions for companies involved in the global value chain competition.
{"title":"MECHANISM OF INNOVATION AND STANDARDIZATION DRIVING COMPANY COMPETITIVENESS IN THE DIGITAL ECONOMY","authors":"Jing Yang, Lijun Zhou, Yuyang Qu, Xiang Jin, Shishi Fang","doi":"10.3846/jbem.2023.17192","DOIUrl":"https://doi.org/10.3846/jbem.2023.17192","url":null,"abstract":"Data have changed the characteristics of the global value chain in the context of digital economy. Standards and innovation are the key facilitators of digital economy. Considering the collaborative development of innovation and standardization, this paper constructs a theoretical model of the impact of innovation and standardization levels on company competitiveness. Furthermore, the moderating effect of the coupling coordination of innovation and standardization was analyzed for both factors. In total, 171 listed companies in the field of digital economy were selected as the research. The results indicated that a company’s level of innovation and standardization influences company competitiveness. Moreover, the relationship between innovation and standardization was found to be a coordinating development relationship and not a conventional promotion or hindrance. This article also proposed some pertinent suggestions for companies involved in the global value chain competition.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"16 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73690172","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Two ex-ante variables are introduced to characterize the analysts’ biased behavior, namely the analysts’ disagreement and self-selection in analysts’ earnings forecasts. The study investigates the impact of the analysts’ disagreement and self-selection on the stock returns. A theoretical analysis derives how the stock returns are correlated with the two variables. There are two channels through which the stocks are priced according to the analysts’ disagreement. The first one is the risk channel as the analysts’ disagreement is associated with earnings uncertainty. The stock price will be discounted before the actual earnings announcement. The second one is the optimistic bias channel. The optimistic bias channel means that the stock is overpriced if the investors do not correct the analysts’ bias. The self-selection is negatively correlated with the stock return through the optimistic bias channel as more self-selection means more optimistic bias as low forecasting values are not revealed. The empirical analysis using data from the Chinese stock market supports the theoretical conclusion.
{"title":"ANALYSTS’ DISAGREEMENT, SELF-SELECTION, AND STOCK RETURNS","authors":"Liang Wu, Yunshen Long, Wenyue Li, Bingyan Wu","doi":"10.3846/jbem.2023.17832","DOIUrl":"https://doi.org/10.3846/jbem.2023.17832","url":null,"abstract":"Two ex-ante variables are introduced to characterize the analysts’ biased behavior, namely the analysts’ disagreement and self-selection in analysts’ earnings forecasts. The study investigates the impact of the analysts’ disagreement and self-selection on the stock returns. A theoretical analysis derives how the stock returns are correlated with the two variables. There are two channels through which the stocks are priced according to the analysts’ disagreement. The first one is the risk channel as the analysts’ disagreement is associated with earnings uncertainty. The stock price will be discounted before the actual earnings announcement. The second one is the optimistic bias channel. The optimistic bias channel means that the stock is overpriced if the investors do not correct the analysts’ bias. The self-selection is negatively correlated with the stock return through the optimistic bias channel as more self-selection means more optimistic bias as low forecasting values are not revealed. The empirical analysis using data from the Chinese stock market supports the theoretical conclusion.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"209 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136172374","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
R. Trishch, Alexander Sichinava, Vojtěch Bartoš, Andrius Stasiukynas, Martin Schieg
Investment, the entry of foreign firms depends of a large extent on the country’s goodwill, which is reflected in various ratings. This representation of the situation is approximate, as it does not estimate the differences between the values of the indicators with adjacent grades. This can be avoided by dividing countries into homogeneous groups. It is appropriate to do so on the basis of non-linear grouping rather than linear grouping. It is based on the transformation of data into a dimensionless scale and linear grouping. In the case, its homogeneity increases thanks to the levelling of the most distinctive values and the alignment of the statistical characteristics of the groups. The aim of the article is to propose in principle, a new approach to the ranking of countries on the basis of their level of economic development. It was found that the nonlinear decision of countries into homogenous groups and compared to the linear grouping more accurately reflect the current situation.
{"title":"COMPARATIVE ASSESSMENT OF ECONOMIC DEVELOPMENT IN THE COUNTRIES OF THE EUROPEAN UNION","authors":"R. Trishch, Alexander Sichinava, Vojtěch Bartoš, Andrius Stasiukynas, Martin Schieg","doi":"10.3846/jbem.2023.18320","DOIUrl":"https://doi.org/10.3846/jbem.2023.18320","url":null,"abstract":"Investment, the entry of foreign firms depends of a large extent on the country’s goodwill, which is reflected in various ratings. This representation of the situation is approximate, as it does not estimate the differences between the values of the indicators with adjacent grades. This can be avoided by dividing countries into homogeneous groups. It is appropriate to do so on the basis of non-linear grouping rather than linear grouping. It is based on the transformation of data into a dimensionless scale and linear grouping. In the case, its homogeneity increases thanks to the levelling of the most distinctive values and the alignment of the statistical characteristics of the groups. The aim of the article is to propose in principle, a new approach to the ranking of countries on the basis of their level of economic development. It was found that the nonlinear decision of countries into homogenous groups and compared to the linear grouping more accurately reflect the current situation.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"104 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80867635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. Horák, Y. Bilan, A. Dankevych, V. Nitsenko, A. Kucher, D. Štreimikienė
Sunflower is a strategic crop in the agriculture of Ukraine as it is important for food and energy production. Recently the processing of secondary products, solving the issues of waste disposal and improving the environment have been paid much attention. This is an example of a cyclic economy, as during the production of oil from sunflowers, their husk can be used for energy production. The ash obtained by burning husk is a valuable complex mineral fertilizer and can be further applied as ecological fertilizer. The aim of this article is to assess the energy and investment potential for sunflowers as an internal reserve for increasing production efficiency and reducing carbon dioxide emissions. In particular, the equivalents of energy substitution of sunflower husks for energy costs at fat-and-oil enterprises, the reduction of carbon dioxide emissions are estimated. A generalized scheme for the production of electricity from sunflower husks is considered. In particular, the use of ash from sunflower husks as a fertilizer is described. The research has shown that the sunflower husks available in Ukraine can be used more efficiently to produce electricity. Therefore policy recommendations were developed based on a study conducted.
{"title":"BIOENERGY PRODUCTION FROM SUNFLOWER HUSK IN UKRAINE: POTENTIAL AND NECESSARY INVESTMENTS","authors":"J. Horák, Y. Bilan, A. Dankevych, V. Nitsenko, A. Kucher, D. Štreimikienė","doi":"10.3846/jbem.2023.17756","DOIUrl":"https://doi.org/10.3846/jbem.2023.17756","url":null,"abstract":"Sunflower is a strategic crop in the agriculture of Ukraine as it is important for food and energy production. Recently the processing of secondary products, solving the issues of waste disposal and improving the environment have been paid much attention. This is an example of a cyclic economy, as during the production of oil from sunflowers, their husk can be used for energy production. The ash obtained by burning husk is a valuable complex mineral fertilizer and can be further applied as ecological fertilizer. The aim of this article is to assess the energy and investment potential for sunflowers as an internal reserve for increasing production efficiency and reducing carbon dioxide emissions. In particular, the equivalents of energy substitution of sunflower husks for energy costs at fat-and-oil enterprises, the reduction of carbon dioxide emissions are estimated. A generalized scheme for the production of electricity from sunflower husks is considered. In particular, the use of ash from sunflower husks as a fertilizer is described. The research has shown that the sunflower husks available in Ukraine can be used more efficiently to produce electricity. Therefore policy recommendations were developed based on a study conducted.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"1 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72805931","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.18178/joebm.2023.11.1.729
Jing Wang
—This paper studies the impact of political connection on corporate social responsibility performance within the context of listed firms in emerging markets like China. We find that Politically connected companies will participate in more CSR activities. We also find that Politically connected companies participating in CSR activities receive more debt financing. Our empirical evidence further confirms that this impact is more obvious in private enterprises. The results show that: 1) political connection has a positive impact on corporate social responsibility; 2) political connection has a positive impact on debt financing returns obtained by enterprises participating in CSR activities; 3) private enterprises’ political connection has a greater positive influence on corporate social responsibility than state-owned enterprise, which indicates politically connected companies engage in more CSR activities for rewards. Our research enriches the literature on the impact of political affiliation on CSR.
{"title":"Political Connections and Corporate Social Responsibility: Evidence from Chinese Listed Firms","authors":"Jing Wang","doi":"10.18178/joebm.2023.11.1.729","DOIUrl":"https://doi.org/10.18178/joebm.2023.11.1.729","url":null,"abstract":"—This paper studies the impact of political connection on corporate social responsibility performance within the context of listed firms in emerging markets like China. We find that Politically connected companies will participate in more CSR activities. We also find that Politically connected companies participating in CSR activities receive more debt financing. Our empirical evidence further confirms that this impact is more obvious in private enterprises. The results show that: 1) political connection has a positive impact on corporate social responsibility; 2) political connection has a positive impact on debt financing returns obtained by enterprises participating in CSR activities; 3) private enterprises’ political connection has a greater positive influence on corporate social responsibility than state-owned enterprise, which indicates politically connected companies engage in more CSR activities for rewards. Our research enriches the literature on the impact of political affiliation on CSR.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"52 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90874537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.18178/joebm.2023.11.2.739
Richardson Ciguene, Bertrand Marron, Nicolas Habert
—Today, more and more consumers are purchasing their products and services online. At the same time, the penetration rate of very small and medium-sized businesses on marketplaces continues to increase, which has the direct impact of intensifying competition between sellers, thus, only the best-optimized deals are ranked well by algorithms and are visible to consumers. However, it is almost impossible to know all the Brand Content rules and criteria established by marketplaces, which is essential to optimizing their product sheets, especially since these rules change constantly. In this paper, we propose to detail this question of Brand Content optimization by taking into account the case of Amazon, in order to capture the scientific dimension behind such a subject. In a second step, we will present the genesis of our research project, DEEPERFECT, which aims to set up original methods and effective tools, in order to help sellers, present on marketplaces, in the optimization of their branded content.
{"title":"Brand Content Optimization: A Major Challenge for Sellers on Marketplaces","authors":"Richardson Ciguene, Bertrand Marron, Nicolas Habert","doi":"10.18178/joebm.2023.11.2.739","DOIUrl":"https://doi.org/10.18178/joebm.2023.11.2.739","url":null,"abstract":"—Today, more and more consumers are purchasing their products and services online. At the same time, the penetration rate of very small and medium-sized businesses on marketplaces continues to increase, which has the direct impact of intensifying competition between sellers, thus, only the best-optimized deals are ranked well by algorithms and are visible to consumers. However, it is almost impossible to know all the Brand Content rules and criteria established by marketplaces, which is essential to optimizing their product sheets, especially since these rules change constantly. In this paper, we propose to detail this question of Brand Content optimization by taking into account the case of Amazon, in order to capture the scientific dimension behind such a subject. In a second step, we will present the genesis of our research project, DEEPERFECT, which aims to set up original methods and effective tools, in order to help sellers, present on marketplaces, in the optimization of their branded content.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"3 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74031039","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.18178/joebm.2023.11.2.735
Xiao-xiao Liu
—This paper studies the relationship between institutional ownership and firm valuation. Using a panel data of all listed companies in the United States from 1980 to 2016, I find that firm valuation increases with the level of and the change in institutional ownership, both in the cross-section within an industry and in the time-series within a firm. Specifically, when institutional ownership increases by 1%, firm valuation increases by 0.413% in the cross section and 0.418% in the time-series. Additionally, breaking the sample into a period with an overall growth in institutional ownership in the market (1980–2005) and that with stable institutional ownership (2006–2017), I find that the relationship is stronger during the period with growing institutional ownership than afterwards. Additionally, the marginal increase of institutional ownership led to a faster positive movement of firm valuation. When the changes of institutional ownership increase by 1 percent, firm valuation would increase by 0.544% in the cross section and 0.569% in the time-series over the whole sample period. These results potentially suggest that the behavior of institution investors lay positively impact on the firm valuation. Institution investors tend to grab more information on the market and are more professional in analyzing the firms, which could also be the reason for the herding behavior of individual investors.
{"title":"The Impact of Institutional Ownership on Stock Valuation","authors":"Xiao-xiao Liu","doi":"10.18178/joebm.2023.11.2.735","DOIUrl":"https://doi.org/10.18178/joebm.2023.11.2.735","url":null,"abstract":"—This paper studies the relationship between institutional ownership and firm valuation. Using a panel data of all listed companies in the United States from 1980 to 2016, I find that firm valuation increases with the level of and the change in institutional ownership, both in the cross-section within an industry and in the time-series within a firm. Specifically, when institutional ownership increases by 1%, firm valuation increases by 0.413% in the cross section and 0.418% in the time-series. Additionally, breaking the sample into a period with an overall growth in institutional ownership in the market (1980–2005) and that with stable institutional ownership (2006–2017), I find that the relationship is stronger during the period with growing institutional ownership than afterwards. Additionally, the marginal increase of institutional ownership led to a faster positive movement of firm valuation. When the changes of institutional ownership increase by 1 percent, firm valuation would increase by 0.544% in the cross section and 0.569% in the time-series over the whole sample period. These results potentially suggest that the behavior of institution investors lay positively impact on the firm valuation. Institution investors tend to grab more information on the market and are more professional in analyzing the firms, which could also be the reason for the herding behavior of individual investors.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"85 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80492702","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.18178/joebm.2023.11.1.734
Zhi Chen, Shuanghua Zhuang
—Since 2000, The Enron incident in the United States that resulted internal control failure of the company, which has aroused the academic attention and Research on internal control and audit activities. There are also many similar cases in China such as the Asiatic incident in 2001 and the changsheng biological incident in 2019, highlighting the importance of the relationship between internal control and audit. In the past related literature on CiteSpace in China, there is a lack of interrelationship between topics, mainly focusing on a single topic. This paper uses CiteSpace visualization software to analyze 2106 articles from China source journal such as CSSCI and Peking University Core from 2010 to 2021 on the theme of whether the effectiveness of internal control affects the relevance of the audit opinion in theirs annual report, The result shows that the research hotspots on internal control and audit opinion mainly focus on ten aspects of internal control audit, auditor change, audit opinion, audit fees, internal control quality, internal control information disclosure, internal control defects, audit risks, internal audit and certified public accountant audit, and with government regulations stipulating and clearly regulating the responsibility of certified public accountants, internal control and audit opinion are bound to carry out corresponding research and discussion around the participation of certified public accountants, and will also become the focus of researcher in this field for Chinese scholars in the future.
{"title":"Evolution Path and Development Trend of Internal Control and Audit Opinion Research: Based on Citespace Knowledge Graph Analysis","authors":"Zhi Chen, Shuanghua Zhuang","doi":"10.18178/joebm.2023.11.1.734","DOIUrl":"https://doi.org/10.18178/joebm.2023.11.1.734","url":null,"abstract":"—Since 2000, The Enron incident in the United States that resulted internal control failure of the company, which has aroused the academic attention and Research on internal control and audit activities. There are also many similar cases in China such as the Asiatic incident in 2001 and the changsheng biological incident in 2019, highlighting the importance of the relationship between internal control and audit. In the past related literature on CiteSpace in China, there is a lack of interrelationship between topics, mainly focusing on a single topic. This paper uses CiteSpace visualization software to analyze 2106 articles from China source journal such as CSSCI and Peking University Core from 2010 to 2021 on the theme of whether the effectiveness of internal control affects the relevance of the audit opinion in theirs annual report, The result shows that the research hotspots on internal control and audit opinion mainly focus on ten aspects of internal control audit, auditor change, audit opinion, audit fees, internal control quality, internal control information disclosure, internal control defects, audit risks, internal audit and certified public accountant audit, and with government regulations stipulating and clearly regulating the responsibility of certified public accountants, internal control and audit opinion are bound to carry out corresponding research and discussion around the participation of certified public accountants, and will also become the focus of researcher in this field for Chinese scholars in the future.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"30 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74184870","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
— Established in 2015, the KUNGFU FROGGY restaurant brand has become a popular young and fashionable restaurant brand in nearly six years. In this paper, we use food, price, service and environment as the first-level evaluation indicators to build a consumer satisfaction survey model, analyze the brand characteristics and marketing methods of the KUNGFU FROGGY through consumer satisfaction surveys, so as to understand its marketing strategy, explore the development methods and paths of regional restaurant brands, and make relevant suggestions for building restaurant brands with regional characteristics.
{"title":"Research on the Optimization of Marketing Methods and Strategies for Restaurant Brands — The Example of the Kungfu Froggy","authors":"Danhua Zhao, Chaiyawit Muangmee, Jianlun Teng, Nusanee Meekaewkunchorn","doi":"10.18178/joebm.2023.11.2.737","DOIUrl":"https://doi.org/10.18178/joebm.2023.11.2.737","url":null,"abstract":"— Established in 2015, the KUNGFU FROGGY restaurant brand has become a popular young and fashionable restaurant brand in nearly six years. In this paper, we use food, price, service and environment as the first-level evaluation indicators to build a consumer satisfaction survey model, analyze the brand characteristics and marketing methods of the KUNGFU FROGGY through consumer satisfaction surveys, so as to understand its marketing strategy, explore the development methods and paths of regional restaurant brands, and make relevant suggestions for building restaurant brands with regional characteristics.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"45 5 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82695694","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.18178/joebm.2023.11.2.741
Carlos Seminario-Mestanza, Andrea Soto-Araujo, Martin Collao-Diaz, J. Quiroz-Flores, A. Flores-Perez
—The metalworking industry represents one of the most critical factors for the economic development of each country. However, one of its significant bottlenecks is prioritizing some orders over others and the late Maintenance of machinery, which generates stoppages in production lines and delays in processes, which translates into decreased plant productivity. Therefore, to solve these problems, this article proposes a production model based on Total Productive Maintenance and Systematic Layout Planning, which focuses on machinery and human resources to increase the Productivity of companies in this sector. The model simulation was carried out using the Arena software, where a 7.69% improvement in Productivity was obtained and a reduction of up to 32 days in the cycle time. This improvement proposal allows companies in the sector to be more competitive and provides the necessary tools to optimize their processes.
金属加工业是每个国家经济发展最关键的因素之一。然而，它的一个重要瓶颈是优先考虑一些订单而不是其他订单，以及机器的延迟维护，这导致生产线停工和流程延误，从而导致工厂生产率下降。因此，为了解决这些问题，本文提出了一种基于Total production Maintenance and Systematic Layout Planning的生产模型，以机械和人力资源为重点，提高该行业企业的生产率。使用Arena软件进行模型模拟，生产率提高了7.69%，周期时间缩短了32天。这一改进建议使该行业的公司更具竞争力，并为优化其流程提供了必要的工具。
{"title":"Production Model Based on Total Productive Maintenance and Systematic Layout Planning to Increase Productivity in the Metalworking Industry","authors":"Carlos Seminario-Mestanza, Andrea Soto-Araujo, Martin Collao-Diaz, J. Quiroz-Flores, A. Flores-Perez","doi":"10.18178/joebm.2023.11.2.741","DOIUrl":"https://doi.org/10.18178/joebm.2023.11.2.741","url":null,"abstract":"—The metalworking industry represents one of the most critical factors for the economic development of each country. However, one of its significant bottlenecks is prioritizing some orders over others and the late Maintenance of machinery, which generates stoppages in production lines and delays in processes, which translates into decreased plant productivity. Therefore, to solve these problems, this article proposes a production model based on Total Productive Maintenance and Systematic Layout Planning, which focuses on machinery and human resources to increase the Productivity of companies in this sector. The model simulation was carried out using the Arena software, where a 7.69% improvement in Productivity was obtained and a reduction of up to 32 days in the cycle time. This improvement proposal allows companies in the sector to be more competitive and provides the necessary tools to optimize their processes.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"12 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82302140","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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