Uncertainty Analysis and Its Application to Service Contracts

2011 ◽  
Author(s):  
Melanie E. Kreye ◽  
Linda B. Newnes ◽  
Yee Mey Goh
Keyword(s):  
Uncertainty Analysis ◽  
Conceptual Framework ◽  
Influencing Factor ◽  
Holistic Approach ◽  
Integrated Approach ◽  
Decision Makers ◽  
Manufacturing Companies ◽  
Decision Matrix ◽  
Market Structures ◽  
Service Contracts

Because of the transformation of market structures into the direction of servitization, manufacturing companies are forced to compete through the supply of services as opposed to products. Competing for these service contracts, particularly during bidding, the decision makers face various uncertainties that influence their decisions. This paper presents a holistic approach for identifying, modeling and representing these uncertainties to enable a more informed decision. As current literature lacks a holistic approach to characterize uncertainty, this paper proposes such an approach by classifying uncertainty into five layers. It is described how they offer an integrated approach to describing the uncertainty inherent in a situation. This classification is then applied to the bidding situation for a service contract in the form of a conceptual framework. This framework depicts the influencing factors on a bidding decision, namely, the contract conditions, internal company perspective, competitors and customer. To demonstrate the use of the uncertainty classification in detail the influencing factor of the customer is used as an exemplar. The uncertainty connected to the customer is characterized and the techniques for modeling the uncertainty are described. It is explained how the can be included in a decision matrix representing the probability of winning the contract.

Modelling Uncertainty in Competitive Bidding

2012 ◽  
Author(s):  
Melanie E. Kreye ◽  
Yee Mey Goh ◽  
Linda B. Newnes
Keyword(s):  
Data Gathering ◽  
Decision Makers ◽  
Competitive Bidding ◽  
Financial Risks ◽  
Manufacturing Companies ◽  
Decision Matrix ◽  
Modelling Uncertainty ◽  
Service Contracts ◽  
Provision Of Services

Due to the current market development of servitisation, manufacturing companies are required to compete through the provision of services as opposed to physical products. For such companies, the shift towards being a service provider often means they have to bid for service contracts, sometimes competitively. In the context of competitive bidding, the decision makers face various influencing uncertainties. Ignoring these uncertainties or their influences can result in problems such as the generation of too little profit or even a loss or the exposure to financial risks. Raising the decision maker’s awareness of the uncertainties can provide valuable information to assist in the decision-making process. The research presented in this paper presents an approach to modeling the uncertainties at the competitive bidding stage for long-life, high-value service contracts. The aim of this research is to provide decision makers with a decision matrix which illustrates the probability of winning the service contract and the probability of making a profit. The framework utilized for identifying the uncertainties and a layered approach for analyzing these uncertainties is described. These are then applied to a case study where the modeling approaches and data gathering methods are explained and the results are displayed via the decision matrix.

The role of innovation in building competitive advantages: an empirical investigation

2018 ◽  
Vol 21 (1) ◽  
pp. 44-69 ◽  
Author(s):  
Prodromos Chatzoglou ◽  
Dimitrios Chatzoudes
Keyword(s):  
Competitive Advantage ◽  
Conceptual Framework ◽  
Empirical Investigation ◽  
Primary Data ◽  
Empirical Literature ◽  
Competitive Advantages ◽  
Manufacturing Companies ◽  
Content Type ◽  
The Impact ◽  
Structured Questionnaire

Purpose Nowadays, innovation appears as one of the main driving forces of organisational success. Despite the above fact, its impact on the propensity of an organisation to develop and sustain a competitive advantage has not yet received sufficient empirical investigation. The purpose of this paper is to enhance the existing empirical literature by focusing on the antecedents of innovation and its impact on competitive advantage. It proposes a newly developed conceptual framework that adopts a three-step approach, highlighting areas that have rarely been simultaneously examined before. Design/methodology/approach The examination of the proposed conceptual framework was performed with the use of a newly developed structured questionnaire that was distributed to a group of Greek manufacturing companies. The questionnaire has been successfully completed by chief executive officers (CEOs) from 189 different companies. CEOs were used as key respondents due to their knowledge and experience. The reliability and the validity of the questionnaire were thoroughly examined. Empirical data were analysed using the structural equation modelling technique. The study is empirical (based on primary data), explanatory (examines cause and effect relationships), deductive (tests research hypotheses) and quantitative (includes the analysis of quantitative data collected with the use of a structured questionnaire). Findings Results indicate that knowledge management, intellectual capital, organisational capabilities and organisational culture have significant direct and indirect effects on innovation, underlining the importance of their simultaneous enhancement. Finally, the positive effect of innovation on the creation of competitive advantages is empirically validated, bridging the gap in the relevant literature and offering avenues for additional future research. Originality/value The causal relationship between innovation and competitive advantage, despite its significant theoretical support, has not been empirically validated. The present paper aspires to bridge this gap, investigating the impact of innovation on the development of competitive advantages. Moreover, the present study adopts a multidimensional approach that has never been explored in the existing innovation literature, making the examination of the proposed conceptual framework an interesting research topic.

Conceptualizing social media sub-platforms: The case of mourning and memorialization practices on Facebook

2021 ◽  
pp. 146144482110357
Author(s):  
Sarit Navon ◽  
Chaim Noy
Keyword(s):  
Social Media ◽  
Social Change ◽  
Conceptual Framework ◽  
Integrated Approach ◽  
Social Practices ◽  
Personal Quality ◽  
Hybrid Nature ◽  
Communicative Functions

This article offers a conceptual framework of Facebook’s sub-platforms: Profiles, Groups, and Pages. We demonstrate the crucially different affordances that these sub-platforms possess, and the various resulting social practices and dynamics that they enable. With mourning and memorialization as a case study, our findings point at emergent practices ranging along a personal-to-public spectrum of communicative functions and media uses: Profiles offer a personal quality, albeit differently for the bereaved’s Profile and the deceased’s Profile; Groups possess a hybrid nature, combining self-expression alongside public aspects, reviving thus premodern bereaved communities; and Pages possess a distinctly public quality, serving as online memorialization centers where the deceased becomes an icon and a resource for mobilizing broad social change. This comparative and integrated approach may be applied productively to other contexts and other social media (sub-)platforms.

scholarly journals Hybrid Multiattribute Group Decision Making Based on Intuitionistic Fuzzy Information and GRA Method

2013 ◽  
Vol 2013 ◽  
pp. 1-10 ◽  
Author(s):  
Jian Guo
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Group Decision ◽  
Decision Makers ◽  
Ideal Solution ◽  
Decision Matrix ◽  
Intuitionistic Fuzzy ◽  
Multiple Attribute ◽  
Intuitionistic Fuzzy Entropy ◽  
Fuzzy Group Decision Making

Hybrid multiple attribute group decision making involves ranking and selecting competing courses of action available using attributes to evaluate the alternatives. The decision makers assessment information can be expressed in the form of real number, interval-valued number, linguistic variable, and the intuitionistic fuzzy number. All these evaluation information can be transformed to the form of intuitionistic fuzzy numbers. A combined GRA with intuitionistic fuzzy group decision-making approach is proposed. Firstly, the hybrid decision matrix is standardized and then transformed into an intuitionistic fuzzy decision matrix. Then, intuitionistic fuzzy averaging operator is utilized to aggregate opinions of decision makers. Intuitionistic fuzzy entropy is utilized to obtain the entropy weights of the criteria, respectively. After intuitionistic fuzzy positive ideal solution and intuitionistic fuzzy negative ideal solution are calculated, the grey relative relational degree of alternatives is obtained and alternatives are ranked. In the end, a numerical example illustrates the validity and applicability of the proposed method.

scholarly journals Disasters: contributions of hazardscape and gaps in response practices

2012 ◽  
Vol 12 (12) ◽  
pp. 3775-3787 ◽  
Author(s):  
S. Khan
Keyword(s):  
Climate Change ◽  
Emergency Management ◽  
Conceptual Framework ◽  
Global Climate Change ◽  
Global Climate ◽  
Holistic Approach ◽  
Response Strategy ◽  
Current Response ◽  
Hazard Response ◽  
Mitigation Policies

Abstract. Disasters are frequent, ongoing and very likely to increase in the future with global climate change. Significant investments in hazard mitigation, policies and emergency management have so far failed to stop disasters. Their recurrences suggest that either there are some gaps in the current response or a different perspective is needed on the way hazards have been dealt with to date. This paper views disasters through the lens of hazardscape, which shows the context of both hazard occurrence and response. It finds that one major cause of response failure is inadequate consideration of the local hazardscape in planning. It notes that although globalization of hazard response practices is progressive, it has been less successful in dealing with local variations in vulnerability. This paper presents the conceptual framework of hazardscape, and illustrates various shortcomings of the current responses in relation to the local hazardscapes where they are adopted. It recommends a holistic approach that considers various aspect of the hazardscape in order to plan a response strategy.

scholarly journals KEMAMPULABAAN PERUSAHAAN BERDASARKAN EFISIENSI MODAL KERJA, PERTUMBUHAN PENJUALAN, DAN UKURAN PADA PERUSAHAAN "MAKANAN DAN MINUMAN"

2020 ◽  
Vol 22 (01) ◽  
pp. 11
Author(s):  
Estuti Fitri Hartini ◽  
Sopiyatul Badriyah
Keyword(s):  
Hypothesis Testing ◽  
Influencing Factor ◽  
Research Data ◽  
Company Size ◽  
Analysis Tool ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Working Capital ◽  
Food And Beverage ◽  
Capital Efficiency

The Profitability of food and beverage manufacturing companies is suspected to be due to the influence of efficiency of working capital, sales growth, even company size. Proof of this need to be carried out research which is the objective in analyzing profitability that is influenced by the efficiency of working capital and growth of sales, as well as company size in the Indonesian food and beverage sub-sector manufacturing companies in the 2015-2017 period. The research data was taken from www.idx.co.id as many as 15 companies as a sample of 21 populations. A causal study with a quantitative approach, multiple regression as an analysis tool, t-test as hypothesis testing. Explanation of results, the efficiency of working capital as a factor influencing profitability; sales growth is not as affecting profitability; company size is not an influencing factor of profitability.Keywords: Profitability, working capital efficiency, sales growth, and company size. ABSTRAKKemampulabaan perusahaan manufaktur makanan dan minuman diduga atas pengaruh efisiensi dari modal kerja, pertumbuhan penjualan, bahkan ukuran perusahaan perusahaan. Pembuktian hal tersebut perlu dilakukan penelitian yang merupakan tujuan dalam menganalisis kemampulabaan yang dipengaruhi efisiensi dari modal kerja dan pertumbuhan dari penjualan, serta ukuran perusahaan pada perusahaan manufaktur sub sector makanan dan minuman Indonesia periode 2015-2017. Data penelitian diambil dari www.idx.co.id sebanyak 15 perusahaan sebagai sampel dari 21 populasi. Merupakan penelitian kausal dengan pendekatan kuantiatif, regresi berganda sebagai alat analisis, uji t sebagi pengujian hipotesis. Penjelasan hasil, efisiensi dari modal kerja sebagai faktor pemberi pengaruh atas kemampulabaan; pertumbuhan penjualan tidak sebagai yang mempengaruhi profitabilitas; ukuran perusahaan bukan merupakan faktor pengaruh dari profitabilitas.Kata kunci: Kemampulabaan, efisiensi dari modal kerja, dan pertumbuhan penjualan, serta ukuran perusahaan.

scholarly journals An Integrated Approach to Deal with Mental Health Issues of Children and Adolescent during COVID-19 Pandemic

2020 ◽  
Author(s):  
Mousumi Sethy ◽  
Reshmi Mishra
Keyword(s):  
Mental Health ◽  
Children And Adolescents ◽  
Adult Life ◽  
Holistic Approach ◽  
Integrated Approach ◽  
Well Being ◽  
Childhood And Adolescence ◽  
Health Issues ◽  
Children And Adolescent ◽  
Mental Health Issues

The pandemic caused by COVID-19 has left few countries untouched. It is a far-reaching implication on humankind, with children and adolescents, being no exception. Although the prevalence and fatality are negligible among children, a possible impact on their psychological and mental health cannot be disregarded. The unprecedented change in the way of living is bound to be having some psychological consequences on children and adolescents. The experiences gathered in childhood and adolescence are known to contribute to shaping the physical, emotional, and social well-being in adult life. Children are highly susceptible to environmental stressors. The present situation has the potential of adversely affecting the physical and mental well-being of children. To save the children from the long term consequences of this pandemic, a holistic approach integrating biological, psychological, social and spiritual methods of enhancing mental health have become essential. A concerted effort of government, Non Government Organisations (NGOs), parents, teachers, schools, psychologists, counselors and physicians are required to deal with the mental health issues of children and adolescents. This paper discusses the possible role of these agencies in the holistic intervention of this crisis.

scholarly journals The social mandate of the holistic/integrated approach to learning

2021 ◽  
Author(s):  
Tatiana Callo ◽  
Keyword(s):  
Functional Integration ◽  
Social Process ◽  
Real Life ◽  
Holistic Approach ◽  
Integrated Approach ◽  
Current Status ◽  
The Social ◽  
Key Competencies ◽  
Specificity Of Learning ◽  
Relationship Of

The specific elements in the ontological planning of the social require the holistic approach of the social process, but also of the educational ones. The whole-part dichotomy as a relationship of complementarity raises the issue of the specificity of learning integration, starting from the educational purpose, marked by the formation of key competencies, recorded by knowledge, skills, attitudes. The current status of integration, of the action to make something full, complete, very complex, generates a series of renovations, including the issue of this article, focused on the idea of the need for a model of bio- (or eco-) functional integration, designating a useful process for the student in the sense of his real life or his concrete environment.

scholarly journals Assets-Based Learning Abroad: First-Generation Latinx College Students Leveraging and Increasing Community Cultural Wealth in Costa Rica

2019 ◽  
Vol 31 (2) ◽  
pp. 63-85
Author(s):  
David Wick ◽  
Tasha Y. Willis ◽  
Jacqueline Rivera ◽  
Evelyn Lueker ◽  
Maria Hernandez
Keyword(s):  
College Students ◽  
Costa Rica ◽  
Qualitative Study ◽  
International Education ◽  
Conceptual Framework ◽  
First Generation ◽  
Integrated Approach ◽  
Student Interaction ◽  
Community Cultural Wealth ◽  
Cultural Wealth

This qualitative study counters deficit narratives about first generation Latinx students by exploring multi ple forms of community cultural wealth (CCW; Yosso, 2005) that 25 students leveraged and increased during service activities and homestays in Costa Rica. Through longitudinal data and with CCW as a conceptual framework, three key themes emerged First, s tudents were able to leverage their linguistic and familial capital to connect quickly and meaningfully with locals. Additionally, students drew upon their linguistic, familial, aspirational, and resistant capital while abroad to deepen their engagement. Finally, student interaction with their forms of CCW appeared to deepen their bicultural identities, strengthen their resistance to injustice, and instill a strong desire to inspire other Latinx students to pursue international education. Implications fo r practice include an integrated approach to recognizing and rewarding students’ CCW related capital in the advising, application and preparation processes. Implications underscore the importance of using strengths based pedagogies in the design of educat ion abroad programs.

scholarly journals BIM and DfMA: A Paradigm of New Opportunities

2021 ◽  
Vol 13 (17) ◽  
pp. 9591
Author(s):  
Sepehr Abrishami ◽  
Rocío Martín-Durán
Keyword(s):  
Literature Review ◽  
Conceptual Framework ◽  
Energy Use ◽  
Integrated Approach ◽  
Design Stage ◽  
Extensive Literature ◽  
Sources Of Information ◽  
Construction Methods ◽  
Wide Range

The main goal of this study is to explore the adoption of a design for manufacturing and assembly (DfMA) and building information management (BIM) approach during the whole lifecycle of assets. This approach aims to tackle issues inherent in the design of traditional construction methods, such as low productivity and quality, poor predictability and building performance, and energy use, through the implementation of a BIM library of off-site components. In recent years, a renewed interest has been directed to the attempt to provide solutions to these urgent problems through the adoption of new advancements in technologies. However, while there are studies focussing on a BIM-DfMA approach, there is a lack of research regarding how this approach should be adopted during the whole lifecycle of the assets. Furthermore, to the best of our knowledge, defining an efficient way of developing a component-based BIM object library has not yet been included in any of the available studies. A mixed methodology approach has been used in this research. A conceptual framework was developed as the result of an extensive literature review to investigate new advancements in the AEC sector. Following the literature review, the framework was tested and validated through a case study based on the production and adoption of a BIM library of off-site components at the design stage of an asset. The architecture, engineering, and construction (AEC) industry has recognised the necessity of a new approach that helps to resolve the well-known issues presented in traditional methods of construction. The conceptual framework and case study proposed presents a valuable new method of construction that support the implementation of a BIM and DfMA approach, highlighting their benefits. This framework has been created using many valuable and reliable sources of information. The result of this research supports the idea of a novel new construction method that focuses on a manufacturing-digital-driven industry, with the use of DfMA in a BIM-integrated approach. This novel method will add significance and be beneficial for a wide range of aspects in the construction sector, contributing to the theoretical and practical domain.

Sign in / Sign up

Export Citation Format

Share Document