Delivery mechanism on homeownership education among millennials in Kuala Lumpur

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Zafirah Al Sadat Zyed ◽  
Chooi Sien Low ◽  
Peter Aning Tedong
Keyword(s):  
Decision Makers ◽  
Government Agencies ◽  
Kuala Lumpur ◽  
Content Type ◽  
Useful Knowledge ◽  
Working Age ◽  
Training Courses ◽  
Delivery Mechanism ◽  
First Time ◽  
Home Buying

Purpose Millennials are considered the best group to intervene in terms of homeownership education as they are of working age and can earn monthly income. However, there is a concern about the affordability of millennials to purchase a house that will influence their decision in terms of purchasing a house. Further understanding of the home-buying process allows millennials to avoid dishonest and irresponsible sellers, as purchasing a house involves a large sum of money. The purpose of this study is to suggest a suitable delivery mechanism to increase awareness of the home-buying process among millennials in Kuala Lumpur. Design/methodology/approach This study adopts a quantitative method to analyse sets of questionnaire survey that were distributed at purposive random sampling in Kuala Lumpur. This study approached respondents with pre-set criteria, which include the respondents to be between 18 and 38 years old, interested to purchase a house and to have at least an initiatory understanding of the home-buying process. Findings The findings suggested that there is considerably low awareness of the home-buying process among millennials. However, it is important to note that among the home-buying process, millennials are most aware in the preliminary phase, which is information gathering. Based on these findings, the best delivery mechanism to increase awareness is through online games and training courses, followed by home counselling at a local housing agency. Practical implications This study contributes to government agencies and policymakers to interact with society, as education is one of the best methods. It will further enhance their efforts to ensure that the society is well equipped with useful knowledge to avoid the rueful decision of purchasing their first house. Originality/value This paper highlights homeownership education by tackling the issue of extensive knowledge of the home-buying process. This is crucial to the foundation of homeownership education, as it reflects the efforts of government agencies and policymakers to ensure homebuyers’ rights are protected in the housing market. This paper will benefit not only policymakers and decision-makers but also first time homebuyers.

Student loan debt and first-time home buying in USA

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Robert H. Scott III ◽  
Steven Bloom
Keyword(s):  
College Graduates ◽  
Student Loans ◽  
Student Loan ◽  
Home Equity ◽  
Student Loan Debt ◽  
Content Type ◽  
Loan Debt ◽  
The Usa ◽  
First Time ◽  
Home Buying

Purpose This paper aims to examine the relationship between student loan debt and first-time home buying among college graduates aged 23 to 40 years old in the USA. Design/methodology/approach The authors use the Federal Reserve’s 2019 Survey of Consumer Finances data on American households to present descriptive statistics and run logistic regressions that measure the effects of student loan debt on first-time home buying. The authors also present original survey data of mortgage lenders that provides an industry-level perspective. Findings The authors find that having student loan debt does not by itself prohibit first-time home buyers. On the contrary, having student loan debt increases the likelihood of homeownership by 15.1%. People with student loan debt, however, buy homes that are 39.2% less expensive and have 58% less home equity compared to first-time home buyers without student loans. In addition, it is found that the amount of student loan debt is important. People with student loan debt above the median amount among people with student loan debt ($35,000) are 27% less likely to be first-time home buyers. Practical implications This paper provides public policy analysts and other researchers a different perspective on the correlation between student loan debt and home buying. This study focuses narrowly on first-time home buyers who are college graduates between 23 and 40 years. Thus, capturing the youngest cohort of first-time home buyers and examine the primary factors that influence their home buying decisions. Originality/value First-time homebuyers are historically the largest segment of home buyers making them an important subcategory to study. The rise in student loan debt is posited to explain declining homeownership among younger people. The current literature on student loan debt and home buying often studies samples that are too heterogeneous resulting in mixed findings. This paper adds to the existing literature by filtering the sample to study the effects of student loan debt and first-time home buying among people with at least a college degree who are between 23 and 40 years.

A new goal-directed benchmarking for supplier selection in the presence of undesirable outputs

2014 ◽  
Vol 21 (3) ◽  
pp. 314-328 ◽  
Author(s):  
Majid Azadi ◽  
Reza Farzipoor Saen ◽  
Kamyar Hosseinzadeh Zoroufchi
Keyword(s):  
Supplier Selection ◽  
Efficient Frontier ◽  
Decision Makers ◽  
Undesirable Outputs ◽  
Content Type ◽  
Organizational Goals ◽  
Monitoring Process ◽  
Proposed Model ◽  
First Time

Purpose – In this paper, the authors extend the goal-directed benchmarking theory proposed by Stewart for benchmarking and selecting suppliers. This extension is in recognition of the fact that benchmarking for suppliers is more than a pure monitoring process and includes a component of future planning. The paper aims to discuss these issues. Design/methodology/approach – In this paper, the proposed model utilizes a goal programming structure to find points on the efficient frontier which are realistically attainable by suppliers in the presence of undesirable outputs, but at the same time achieving a closer method to long-term organizational goals (as distinct from the local performance of individual suppliers). Findings – The contributions of the current paper are as follows: the proposed model considers undesirable outputs in the context of goal-directed benchmarking. The proposed model does not demand weights from the decision maker. The proposed model can be easily computerized, enabling it to serve as a decision making tool to assist decision makers. For the first time, the proposed model is applied for the supplier selection and benchmarking. Originality/value – To the best of knowledge of the authors, there is not any reference that discusses supplier selection problem and benchmarking in the presence of undesirable outputs in the context of goal-directed benchmarking.

Grey risky multi-attribute decision-making method based on regret theory and EDAS

2019 ◽  
Vol 9 (1) ◽  
pp. 101-113 ◽  
Author(s):  
Lili Qian ◽  
Sifeng Liu ◽  
Zhigeng Fang
Keyword(s):  
Decision Making ◽  
Design Methodology ◽  
Decision Makers ◽  
Regret Theory ◽  
Ranking Problem ◽  
Content Type ◽  
Multi Attribute Decision Making ◽  
Method Of Evaluation ◽  
Regret Aversion ◽  
First Time

Purpose The purpose of this paper is to advance a new grey risky multi-attribute decision-making (RMADM) method from the perspective of regret aversion, which is based on the general grey numbers (GGNs) taking the form of kernel and degree of greyness. Design/methodology/approach First, the normalised grey decision-making matrix is obtained on the basis of kernel and greyness degree of GGNs. Then the regret theory is integrated into the decision-making process by constructing the grey perceived utility function based on GGNs. Finally, the method of evaluation based on distance from average solution (EDAS) is applied to handle with the ranking problem because of its efficiency, stability as well as simplicity. Findings GGNs have more powerful capacity in expressing uncertainty than interval grey numbers, so the method can solve a larger number of RMADM problems in uncertain and imprecise environments. Meanwhile, the method fully considers the psychological behaviour of the decision makers, which is more applicable to the real world. It is the supplement and perfection of the existing RMADM methods. Originality/value The RMADM problem, the grey regret-rejoice function and the EDAS method are all introduced for the first time with GGNs in the form of kernel and degree of greyness. At the same time, the EDAS method is also the first time to be used in combination with the grey RMADM method based on the regret theory.

Evaluation of employee profiles using a hybrid clustering and optimization model

2016 ◽  
Vol 9 (3) ◽  
pp. 218-236 ◽  
Author(s):  
Mahsan Esmaeilzadeh ◽  
Bijan Abdollahi ◽  
Asadallah Ganjali ◽  
Akbar Hasanpoor
Keyword(s):  
Hybrid Model ◽  
Optimization Technique ◽  
Fuzzy Optimization ◽  
Evaluation Process ◽  
Evaluation Methodology ◽  
Content Type ◽  
Training Requirements ◽  
Organizational Challenges ◽  
Training Courses ◽  
First Time

Purpose The purpose of this paper is to introduce an evaluation methodology for employee profiles that will provide feedback to the training decision makers. Employee profiles play a crucial role in the evaluation process to improve the training process performance. This paper focuses on the clustering of the employees based on their profiles into specific categories that represent the employees’ characteristics. The employees are classified into following categories: necessary training, required training, and no training. The work may answer the question of how to spend the budget of training for the employees. This investigation presents the use of fuzzy optimization and clustering hybrid model (data mining approaches) as a fuzzy imperialistic competitive algorithm (FICA) and k-means to find the employees’ categories and predict their training requirements. Design/methodology/approach Prior research that served as an impetus for this paper is discussed. The approach is to apply evolutionary algorithms and clustering hybrid model to improve the training decision system directions. Findings This paper focuses on how to find a good model for the evaluation of employee profiles. The paper introduces the use of artificial intelligence methods (fuzzy optimization (FICA) and clustering techniques (K-means)) in management. The suggestion and the recommendations were constructed based on the clustering results that represent the employee profiles and reflect their requirements during the training courses. Finally, the paper proved the ability of fuzzy optimization technique and clustering hybrid model in predicting the employee’s training requirements. Originality/value This paper evaluates employee profiles based on new directions and expands the implication of clustering view in solving organizational challenges (in TCT for the first time).

Making the business case for AI in HR: two case studies

2019 ◽  
Vol 18 (2) ◽  
pp. 66-70
Author(s):  
Boris Altemeyer
Keyword(s):  
Case Studies ◽  
Design Methodology ◽  
Large Scale ◽  
Business Case ◽  
Decision Makers ◽  
Content Type ◽  
Cultural Fit ◽  
First Time ◽  
And Training

Purpose This paper aims to analyse two large-scale business case studies for the benefits of using AI, computer science and machine learning to assess, recruit and retain staff. Design/methodology/approach The authors interrogate two large-scale case studies, including metrics on the success of AI in relation to user experience, compatibility, psychometric benchmarking. Findings The authors conclude that AI removes bias from assessment, recruitment and training processes and can save businesses significant time and resources as well as improve the cultural fit and diversity of their recruits. There is a balance to be struck, though, as the systems used are only as good as the science supporting the selection – and humans must ultimately retain the role of decision makers. Originality/value These business case studies are examined in detail for the first time in this paper.

scholarly journals A big data approach to map the service quality of short-stay accommodation sharing

2020 ◽  
Vol 32 (8) ◽  
pp. 2575-2592 ◽  
Author(s):  
Meisam Ranjbari ◽  
Zahra Shams Esfandabadi ◽  
Simone Domenico Scagnelli
Keyword(s):  
Service Quality ◽  
Online Survey ◽  
Sharing Economy ◽  
Decision Makers ◽  
Short Stay ◽  
Content Type ◽  
Two Phases ◽  
And Performance ◽  
First Time

Purpose The purpose of this paper is to map the service quality (SQ) of Airbnb, to provide additional insight for such top player of short-stay accommodation in the sharing economy context. Design/methodology/approach A mixed-method approach is used in two phases. In the qualitative phase, 112,138 online review comments of Airbnb guests were analyzed to generate the service attributes. In the quantitative phase, an online survey (n = 814) was conducted to calculate the performance and importance values of extracted attributes to plot them in an Importance-Performance Analysis (IPA) matrix. Findings A holistic image of the Airbnb extracted service attributes was presented through the IPA plot. Four types of SQ strategies were proposed, considering the actions priority. “Price reasonability” was the most important service attribute of Airbnb for guests, whereas “Check-in flexibility” was the best performed one. Practical implications The results shed light on the most relevant SQ attributes of Airbnb and proposed suitable strategies that can prioritize relevant stakeholders’ actions and decisions. The study significantly contributes to all decision makers involved in the short-stay accommodation sharing industry to further understand and develop SQ. Originality/value This research, using a comprehensive hybrid method, opens a lens to see more clearly the positioning of different attributes of Airbnb service from importance and performance viewpoints. As a contribution, the SQ of Airbnb was mapped by conducting an IPA for the first time in the literature.

Conference report: innovation, interaction … and a lot of data: first time reflections on Internet Librarian International, UK 2018

2019 ◽  
Vol 36 (2) ◽  
pp. 21-22
Author(s):  
Ray Harper
Keyword(s):  
Best Practice ◽  
New Technologies ◽  
Conference Report ◽  
Library Services ◽  
New Techniques ◽  
Content Type ◽  
Making A Difference ◽  
Analyse Data ◽  
Physical Spaces ◽  
First Time

Purpose The purpose of this paper is to summarise a number of presentations at Day 1 of the Internet Librarian International conference, London, UK (16 October 2018). This was the 20th conference in the series, and the three key themes included were the next-gen library and librarian; understanding users, usage and user experience; and inclusion and inspiration: libraries making a difference. Design/methodology/approach This paper reports from the viewpoint of a first-time attendee of the conference. This summarises the main issues raised by each presentation and draws out the key learning points for practical situations. Findings The conference covered a variety of practical ways in which libraries can use technology to support users and make decisions about services. These include developing interactive physical spaces which include augmented reality; introducing “chat-bots” to support users; using new techniques to analyse data; and piloting new ways to engage users (such as coding clubs). A key theme was how we use and harness data in a way that is ethical, effective and relevant to library services. Originality/value This conference focussed on practical examples of how library and information services across sectors and countries are innovating in a period of huge change. The conference gave delegates numerous useful ideas and examples of best practice and demonstrated the strength of the profession in adapting to new technologies and developments.

Interest rate option hedging portfolios without bank account

2019 ◽  
Vol 37 (1) ◽  
pp. 134-142
Author(s):  
Alberto Bueno-Guerrero
Keyword(s):  
Design Methodology ◽  
Contingent Claim ◽  
Necessary And Sufficient Condition ◽  
Barrier Option ◽  
Bank Account ◽  
Content Type ◽  
Option Hedging ◽  
Hedging Portfolio ◽  
Necessary And Sufficient ◽  
First Time

Purpose This paper aims to study the conditions for the hedging portfolio of any contingent claim on bonds to have no bank account part. Design/methodology/approach Hedging and Malliavin calculus techniques recently developed under a stochastic string framework are applied. Findings A necessary and sufficient condition for the hedging portfolio to have no bank account part is found. This condition is applied to a barrier option, and an example of a contingent claim whose hedging portfolio has a bank account part different from zero is provided. Originality/value To the best of the authors’ knowledge, this is the first time that this issue has been addressed in the literature.

A “Learning from Action” workshop in Japan

2019 ◽  
Vol 40 (2) ◽  
pp. 77-83
Author(s):  
Robert Douglas Hinshelwood ◽  
Luca Mingarelli ◽  
Simona Masnata
Keyword(s):  
Far East ◽  
Opportunity To Learn ◽  
Content Type ◽  
Work Activities ◽  
Defensive Role ◽  
Feedback Data ◽  
Experiential Workshop ◽  
First Time ◽  
Practical Implications

Purpose Many people in severe mentally disturbed states do not use language or other symbolic media well or coherently. Therefore, the non-verbal medium needs to be understood by workers with such people. The “Learning from Action” experiential workshop was developed in order to provide an opportunity to learn about hidden messages in the relationships and roles occurring in activities. In August 2017, a workshop was run for the first time in Japan. The purpose of this paper is to report the experience and dynamics observed by the three consultants, who are here the authors of this paper. Design/methodology/approach After the workshop all the staff and members, including interpreters, were invited to give feedback. Findings Analysis of the feedback data showed certain important dynamics, concerning especially dependence, cultural defences and the defensive role of activity in a multicultural context. Research limitations/implications This is an initial experience to be followed up by later feedback and further workshops. Practical implications Workers awareness of non-verbal communication within the roles of work activities is a training possibility. It faces various resistances including the mental health assumptions of meaninglessness of any communication outside the verbal. Originality/value This is a method of training not widely used even in European countries, and is the first in a country in the far east.

Whirling in between the personal and the impersonal

2019 ◽  
Vol 25 (2) ◽  
pp. 257-284
Author(s):  
Armen E. Petrosyan
Keyword(s):  
Organization Theory ◽  
Conceptual Analysis ◽  
Essential Elements ◽  
Organizational Life ◽  
Critical Perspective ◽  
Content Type ◽  
Organizational Goals ◽  
Last Stage ◽  
First Time ◽  
Current Paradigm

Purpose The paper aims to present a systematic conceptual analysis of the problem of organizational goal and to reduce the insights into it provided by the main conceptions taken in their development from one to another, to break out of the ruling paradigm and outline a new solution. Design/methodology/approach The study has been carried out from the historical and critical perspective. Findings The paper discovers the logic of the evolution the approaches to organizational goals have undergone and portrays it in a matrix form in the heart of which is the “zigzag effect”: each posterior stage returns to the essential elements rejected by those preceding it, and the last stage, being diametrically opposite to the first, is, at that, as well as the latter, akin to the intermediate stages. The opportunities afforded by the current paradigm have been exhausted and it seems to run to an impasse. Instead, the author suggests a new frame of orientation: organizational goals are closely interknit with personal, but not reducible to them and bear fundamentally transpersonal character, while the mechanism of involving the preferences of individuals and groups in goal-setting is based on the self-contained interests of the organization they pertain to. Research limitations/implications The findings, conclusions and generalizations obtained can serve for a necessary ground to researchers getting deeper into the essence of what bonds organizational life and activity. Practical implications The material empowers practitioners to comprehend the difficulties of framing cohesive goal and find efficient ways to overcome them. It is of value also to the teachers seeking to present a more exact and elaborate view of teleological foundations of management and organization theory. Originality/value Both the conceptual analysis of the evolution of the approaches to organizational goals and the author’s exposition of its logic and vision of their nature are provided for the first time.

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