Independent Journal of Management & Production
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Consumer empowerment on online purchasing
Get PDFThis research investigates the influence of social, demographic, and economic characteristics toward consumer empowerment on online purchasing in Asia, using a cross-sectional study through an online survey of 100 samples who experienced online purchasing. Multiple linear regression is performed for data analysis. The result showed that early adult males withhigh education, Javanese ethnic, lived in an urban area and were an employee with more than one million incomes per month was the most empowered group. Regression analyses resultreveals that gender, ethnic, and income significantly negatively influenced consumer empowerment. Meanwhile, a male with non-Sundanese ethnic and low income would increase the consumer empowerment index
The rational scope of using direct and multilevel logistics channels for material flow distribution (case study in Ukraine)
Get PDFConstant raising the requirements for logistics service of end-consumer expand sales markets and economic relationships that are formed under conditions of uncertainty and instability of the environment, leading to the need to consider not only the logistics system of internal factors but also external. This issue is especially important for Commonwealth of Independent States that rebuilt to a market economy. Nowadays, the grocery logistics network distribution system that would fit for end-consumer and logistics systems owner simultaneously have not fully developed. On the one hand, consumers are looking for minimal cost, which can be provided by direct logistic channels, but minimal cost do not give flexibility in quantity and volumes or other services. On the other hand, the multilevel system provides high level of service and diversity in channel, but products are more expensive in it. Finding the balance between rational price and level of service for end-consumer and logistics system profits in period is been up-today issue in consumer-oriented logistics. The development of mechanisms makes it possible to assess the scale of the rational use of direct and multi-level logistics for the distribution of material flows, which was demonstrated with the numbering of participants in the logistics system in the current situation (external and internal factors). The paper considers the functioning of the system for delivering goods on a direct and multilevel distribution channel. An integrated approach to evaluate the efficiency of the functioning of the logistics system and the consumer had been used
A grounded theory exploration of appraisal Process of Capital Investment Decisions — Capex Appraisal Model (CAM)
Get PDFThe purpose of this study was to explore the appraisal process of capital investment decisions. The study adopted the grounded theory approach for the exploration of the objective. In the first stage, 48 in-depth interviews were conducted from finance executives of PSX listed companies. After transcription of all of the interviews, NVIVO software was used for analysis. Theoretical sampling was used in this study. Initially, 35 concepts and 19 categories were obtained from the initial coding of 48 cases. In the next stage, using focused coding, 19 initial categories into 09 categories were classified. These 09 categories represent each stage of the appraisal process of capital investment. These stages are Idea generation, Strategic planning, Analysis, Risk Evaluation, Selection, Mode of finance, Implementation, Monitoring and control, and Post-audit. The development of appraisal process stages is the novelty of this study and key theoretical contribution. Findings provide an in-depth understanding of the systematic way that industry appraises capital investments. This study opens grounds for new knowledge for academia, adds to relevant literature and reduces the gap between the corporate world and academia
House finance for low income groups in Pakistan
Get PDFShelter is the third basic need of human beings after food and clothing. Everyone has a desire to own a house. Pakistan is a developing country and due to limited resources, is unable to fulfill the complete demand of shelter of the population. In the four provinces, different housing schemes are offered by the government but due to the scarcity of resources, they are not enough to satisfy people. Governments should introduce new housing schemes in each of the four provinces, other than the existing ones. Private sector should also help the government in this regard by constructing employee’s colonies and deduct the nominal amount from their salaries, so that by the time of their retirement they become the owners of their houses. Descriptive statistics technique is used to analyze the housing schemes with the comparison of population accordingly in each province. Pakistan is an Islamic country and due to religious issues people are not in favor of availing financing facilities provided by conventional banks and HBFC. But after the establishment of Islamic banks up to some extent this issue has been slightly resolved. Islamic banks should introduce house financing facility to women on easy terms and then up to some extent, help the government to solve the problem of providing shelter to the population. Banking sectors should easy the procedure of house financing to increase the number of borrowers
A bibliographical analysis in the literature of value co-creation in private higher education between the years 2006 to 2016
Get PDFThe present research aims to present a bibliographical analysis of scientific publications on the theme "value co-creation in private higher education", carried out from 2006 to 2016. Methodologically, this article was carried out through a bibliographical survey, with the objective of selecting the publications made in scientific journals in the pre-stipulated period. Form 54 publications were selected. It was observed that in the year 2016 there were the highest number of publications (10), already years of 2006, 2007 and 2013 were the ones with the lowest number of publications (2). Also, it was identified that the authors that obtained the most prominence in the research were Robert F. Lusch and Stephen L. Vargo, where they obtained (5) publications each. In relation to the most published journals on the subject were Journal of Business Research and Journal of Service Management, with (3) publications each. In this context, it was possible to note that the words that were the most successful in high repetition were: value co-creation, logic dominant of service, value, service. The relevance of this research comes from the moment that value co-creation is seen as an important tool for marketing administration allowing for constant improvements through the exchange of experiences between teachers and students in the classroom environment. Thus, in private higher education, student satisfaction and value creation are the result of individual or joint actions (institution, teacher and student)
Financial resource balance of the agricultural sector: case of Ukraine
Get PDFThe study of financial balance is carried out in order to determine the supply and demand of financial resources for the agricultural sector and is to take into account the factors shaping the economic relations of the personified forms of capital movement. The balance of demand and supply of financial resources institutionally combines the resources of agricultural producers, credit institutions, financial institutions and the state and functionally it involves a set of the functions performed by financial regulation to achieve the goals of agricultural production. Since the concept of balance lies in the plane of financial and credit infrastructure, it is a system of normatively defined institutional and functional elements that form, regulate, mediate and develop financial relations and ensure the functioning of the agricultural sector by creating the resource potential of economic entities to carry out production on a permanent or extended basis. The methodological basis for the formation of the financial balance of the agricultural sector is enriched by new phenomena of domestic and foreign practice. Improving the methods of its formation and functioning is the basis for achieving sustainable long-term development of the agricultural sector and providing it with sufficient financial resources. On this way, it is necessary to take into account both domestic and international experience. If the volume of potential financial resources of the agricultural sector in 2017 amounted to about 1024 billion UAH (37 billion US dollars), then for the period up to 2020 it is predicted that it can grow annually by no less than 215 billion UAH (15-20%) in the next 3-5 years and by the end of 2020 against the level of 2015 will increase by 2.5 times. Sustainable agrarian development requires strategic planning of financial resources for a variety of their sources and state regulation of this process
The rentability of the second and third production cycle of the eucalyptus (corymbia angophora) in alto Tietê community
Get PDFOver the years, the paper and cellulose industry in Alto Tietê community kept the eucalypt production system in partners with local farmers. However, the costs of the integrated systems were very higher, and contribute to the industry adopted the new strategy like investment in production mechanization in areas plains and most far. This hit the local market with eucalyptus devaluation. Thus, this paper aims to analyze the strategy applied by local farmers to reduce eucalypt production costs. The case study was carried out in the Salesópolis community, São Paulo, as an exploratory research to comprehend the impact of paper and cellulose industry change made in the local community. The results showed that the total cost estimated to first production cycle was 1.8 most than the second cycle and the rentability in 6.5 years was de 1,92% less than other cycles. The third production cycle showed downs in land rentability, almost 18.5% less than the second cycle and 16.5% less than the first cycle. Therefore, the eucalypt production in the Alto Tietê community already was a big business and income source to local farmers and with eucalypt market devaluation and the cost increase of production and operation, the farmers had opted by the maintenance of the third cycle of production even not being the most profitable
Institutional environment for financial provision of small agricultural business entities of Ukraine
Get PDFThe purpose of the study is to assess the institutional environment and determine the need for financing small agricultural businesses in Ukraine in order to facilitate access to financial resources in accordance with the need. The information base of the study is the regulatory and legal framework of state support for the agricultural industry, analytical studies of information agencies, data from the State Statistics Service of Ukraine and Ministry for Development of Economy, Trade and Agriculture of Ukraine. The data on the planned and actual indicators of budget expenditures for agricultural development were obtained on the basis of an analysis of the reports posted on the official website of the State Budget of Ukraine. The study determined the market capacity by financing the activities of small agricultural enterprises by sources and state support. An attempt has been made to outline the technology for a comprehensive assessment of the need for financing peasant and small farms in Ukraine through determining the capacity of financing the industry. As a result, it was established that the annual demand for resources for this type of entrepreneurship is at least UAH 370 billion, and in the near future it will grow at least UAH 26.5 billion annually. Particular attention is paid to the areas of micro crediting and state support for the development of small businesses in rural areas. The practical significance of the study lies in the fact that the implementation of the results of research work allows the implementation of technological support for the formation of a financing system for small agricultural entrepreneurship. This is necessary for the technical justification of state programs for the development of small business, strategies for the development of rural areas, state regulation of the development of the agricultural sector
Sustainable development of rural areas: strategy and conceptual framework (Ukrainian case)
Get PDFThe algorithm for determining the priority of solving problems of rural development on the example of the whole of Ukraine, taking into account the economic, social and environmental components are investigated in this article. Calculations based on econometric modelling of the current state of functioning of rural areas were the methodological basis for the study of this work. A specific system of evaluation of selected indicators was used as a tool for analysis. The results helped to establish a certain typology of rural areas according to the level of their development and to group the solution of their development problems into three components: economic, social and environmental. Elements of the organizational and economic mechanism for regulating the development of rural areas have been developed based on these results, which provides for measures in the areas of software, regulatory and legal support
Simulation and analysis of queues in banks: a case study of an agency in the southern State of Rio de Janeiro
Get PDFAn in-depth study of wait times in queues has become a factor of the banks' full interest for service improvements and reduced operating costs. When the demand is greater than the capacity offered the queue is formed, that is, queuing system is any process where a distinct group waits for a service. When there is adequate management, customer waiting time can be minimized, resulting in customer satisfaction and hence higher profitability. In view of this, the present work proposes a study of the flow of clients in an agency banking in the southern state of Rio de Janeiro. This work uses the qualitative and quantitative approach. The research is classified as descriptive, explanatory, bibliographical and case study. This work also presents the main concepts about simulation, modeling, specifically, in the Arena software, and describes the method of how the data were obtained for the construction of the model. The model simulates the capacity rate, number of customers in the queue, time of service and waiting time at which the customer can be subject at the agency banking. With such a study, we can analyze the behavior of queues in the system and thus propose improvements in order to guarantee the best scenario for both organization and customer satisfaction