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Sort articles by: Volume | Date | Most Rates | Most Views | Reviews | Alphabet
1.

Simulation-based optimization approach for vehicle allocation in a private transport service: A case study Pages 193-204 Right click to download the paper Download PDF

Authors: Andrés Muñoz-Villamizar, Jairo R. Montoya-Torres, Carlos A. Moreno-Camacho

DOI: 10.5267/j.msl.2018.12.003

Keywords: Optimization, Simulation, City logistics, Urban transport systems, Service level, Waiting time

Abstract:
Poor urban planning and traffic congestion lead to excessive delays in workers’ transit times and decrease their quality of life, especially in emerging countries. Several medium and large companies have a need to hire a transport service for their staff. In this type of transportation system, there is a heterogeneous fleet of vehicles, which are assigned to a set of predefined routes. However, the total transport delay can be even greater if the private transportation system is inefficient or not controlled. The approach proposed in this study seeks to optimize the private transport service by defining the best allocation of its fleet to its routes. A mathematical model is proposed to minimize user wait times. This approach is validated using real data obtained from a transport company in Co-lombia. The results demonstrate the quantitative benefits that can be achieved when the proposed approach is implemented, represented by a considerable reduction in user wait times.
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Journal: MSL | Year: 2019 | Volume: 9 | Issue: 2 | Views: 1849 | Reviews: 0

 
2.

Fundamental factor of financial management in determining company values Pages 205-216 Right click to download the paper Download PDF

Authors: Yuniningsih Yuniningsih, Tri Kartika Pertiwi, Eko Purwanto

DOI: 10.5267/j.msl.2018.12.002

Keywords: Interdependence, Leverage, Investment, Dividend, Company Value

Abstract:
Financial management faces 3 important decisions, namely funding, investment and dividends. The purpose of this study is to determine the effects of the fundamental factors such as leverage in financial management. Leverage is one of the factors of funding, investment and dividends that interdependently affect the value of the company. The method used in this study uses 2SLS (two-stage least square). There are 4 (four) equations in this study, namely the equation of leverage, investment, dividend and company value. Interdependence is shown based on leverage, investment and dividends. In the interdependence equation leverage, investment and dividends not only on one side act as endogenous variables but also act as exogenous variables on the equation of the company values. The results of the research on leverage equations show that investment affects leverage but dividends do not affect leverage. The investment equation shows the results of both leverage and dividend variables would not affect investment decision. Dividend equation also shows that leverage and investment variables also do not affect dividends. Moreover, the results of the company value equation show that the leverage variable would not affect the value of the company. But in-vestment and dividend variables affect the value of the company. The conclusion of this study is that there was a mutually influential relationship between the three variables of financial management before influencing company value.
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Journal: MSL | Year: 2019 | Volume: 9 | Issue: 2 | Views: 6135 | Reviews: 0

 
3.

An empirical study to identify and develop constructive model of e-supply chain risks based on Indian mechanical manufacturing industries Pages 217-228 Right click to download the paper Download PDF

Authors: Alok Kumar, Ramesh Kumar Garg, Dixit Garg

DOI: 10.5267/j.msl.2018.12.001

Keywords: Risk issues, Risk management, e-supply chain, Exploratory factor analysis, Confirmatory factor analysis, Indian industries

Abstract:
Management towards control of risk issues appeared as an important area in E-supply chain for researchers in the present fast growing market. Extensive research has been accomplished in this area, but still there are several risks and uncertainties. The present research aims to identify and consolidate various e-supply risk factors for developing a constructive measurement model. The study also assesses the influence of risk factors over e-supply chain operation in Indian mechanical industries. Thus, after a thorough research and detailed discussion, 38 Risks factors are identified through literature to prepare the questionnaire. A questionnaire based survey is carried out for collecting the primary data from 148 experts of mechanical manufacturing industries located in the national capital region of India. The research methodology is combined with descriptive statistics and factor analysis. SPSS 21 software tools is used for investigating the reliability and Amos Graphics 21 software is used for the fitment validation of the theoretical construct. The results suggest that all risk issues create significant negative influence e-supply chain process. The results also show negative effects of risks over e-supply chain performance. The current research outcome develops a stochastic model based on the e-supply chain risk factors used for reducing risks in e-supply chain operation.
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Journal: MSL | Year: 2019 | Volume: 9 | Issue: 2 | Views: 1863 | Reviews: 0

 
4.

Can meaningful work really moderate the relationship between supervisor support, coworker support and work Engagement? Pages 229-242 Right click to download the paper Download PDF

Authors: Umair Ahmed, Abdul Halim Abdul Majid, La`aleh Al-Aali, Soleman Mozammel

DOI: 10.5267/j.msl.2018.11.016

Keywords: Work Engagement, Supervisor Support, Coworker Support, Meaningful work, Moderation

Abstract:
Work engagement has gained much prominence over the recent decades. With the aim of address-ing the global engagement crisis, the current study examined how prominent job resources such as supervisor support, coworker support and meaningful work perceptions can influence work engagement. The study also tested the moderation of meaningful work on these relationships. 537 questionnaires were distributed among the employees of six large banks of Pakistan. Structural equation modeling using Smart PLS 2.0 resulted in strong positive relationship of supervisor support and coworker support with work engagement. The findings also concluded strong positive relationship between meaningful work and work engagement. Notably, the bootstrapping results also played significant moderation of meaningful work on the relationship between supervisor support and coworker support with work engagement. The study forwards theoretical and practical implications for future.
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Journal: MSL | Year: 2019 | Volume: 9 | Issue: 2 | Views: 4204 | Reviews: 0

 
5.

Effective human resource management strategy for hospital nursing organizations Pages 243-252 Right click to download the paper Download PDF

Authors: Ayana Matsumoto

DOI: 10.5267/j.msl.2018.11.015

Keywords: Human resource management, Nursing, Staff development, Magnetism

Abstract:
Human resource management (HRM) was first developed as a corporate business strategy that aimed to retain employees in the workplace and to develop personnel who generated results and whose capabilities could be effectively utilized. In recent years, human resource perspectives have been emphasized in personnel management by hospital nursing organizations. This study examined effective HRM strategies for creating an attractive nursing practice environment from the perspec-tive of “magnetism.” A questionnaire (“32 Items Regarding Effective Human Resource Management Policies”) was developed. The Practice Environment Scale of the Nursing Work Index was employed to assess the type of environment in which nurses wished to continue working, and factors contributing to a desirable nursing practice environment were defined as “magnetic.” Analysis of data obtained from nursing managers (n=305) yielded five factors that were effective HRM policies for hospital nursing organizations. It was also shown that the nursing practice environment was made more attractive by incorporating more of these policy elements. The following six strategies were identified: (1) enhancement of personal career development and organizational develop-ment; (2) goal management and personnel evaluations to assure the quality of patient care and pro-mote team collaboration; (3) flexible hiring and transfer policies based on business execution; (4) promoting outside interactions to make the organization an open system; (5) ensuring support for career development; and (6) supporting a safe and healthy nursing practice environment by enhancement of manpower.
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Journal: MSL | Year: 2019 | Volume: 9 | Issue: 2 | Views: 5366 | Reviews: 0

 
6.

Defect reduction in a capacitor manufacturing process through Six Sigma concept: A case study Pages 253-260 Right click to download the paper Download PDF

Authors: Ravi Shankar Raman, Yadavalli Basavaraj

DOI: 10.5267/j.msl.2018.11.014

Keywords: Six Sigma, DMAIC Methodology, Capacitor, Pareto chart, Cause and effect diagram

Abstract:
In the present scenario, the Six Sigma tools and techniques are used by various manufacturing industries, exporting industries and even service organizations. It focuses on improving the quality of the products, cutting down the extra costs, reducing the variations and satisfying the customers. This case study follows the Six Sigma tools called DMAIC methodology to identify and analyze various root causes of the capacitors rejection problems, which influence the performance of the company and suggests solutions to counter with it. The issue not only causes financial loss to the company but also hinders future growth in form of customer dissatisfaction. The results of the implementation indicate significant improvement in the quality of the product and cost reduction.
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Journal: MSL | Year: 2019 | Volume: 9 | Issue: 2 | Views: 4225 | Reviews: 0

 
7.

Integration of supply chain management and tourism: An empirical study from the hotel industry of Indonesia Pages 261-270 Right click to download the paper Download PDF

Authors: Muhammad Arifin, Andi Ibrahim, Muhammad Nur

DOI: 10.5267/j.msl.2018.11.013

Keywords: Supply chain management, Tourism industry, Regression analysis, Indonesia

Abstract:
The idea of supply chain management (SCM) is covering its perspective in the form of flow of material and information from the business to customers. Its application in the field of tourism is also very much significant. The objective of present study is to analyze the empirical association between the supply chain management and tourism industry from the context of hotel industry in Indonesia. For this purpose, a questionnaire-based approach is followed while taking the demographic factors regarding age, gender and qualification. A sample of 272 respondents is finally accepted for the empirical examination between supply chain and its implication in tourism industry. Both descriptive and regression analysis are conducted. To analyze the factor of supply chain, sixteen items are considered from the existing literature while considering the strategic supplier partnership, information sharing, and information quality as the key indicators. The factor of tourism is meas-ured through four different proxies. The practical implications of the study are taken both the tourists and key policymakers while dealing with the SCM and its integration with those hotels dealing with the tourism and related services. This study contributes towards the future trends in the form of integration for SCM and tourism industry.

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Journal: MSL | Year: 2019 | Volume: 9 | Issue: 2 | Views: 5641 | Reviews: 0

 
8.

The effect of board characteristics and audit committee characteristics on audit quality Pages 271-282 Right click to download the paper Download PDF

Authors: Dheyaa Zamil Khudhair, Firas Khudhair Abbas Al-Zubaidi, Ali Abdulhussein Raji

DOI: 10.5267/j.msl.2018.11.012

Keywords: Audit Quality, Audit Committee, Audit Committee independence, Audit Committee competencies, Board Size, Iraq

Abstract:
The issues of audit quality and audit committee have received huge consideration from the auditing profession, the general public population and the government controllers particularly after the prominent corporate outrages in firms like Enron, Global Crossing, Tyco, and WorldCom. These concerns discourage investors to invest in foreign and local businesses. The primary objective of the current study is to explore the impact of internal and external governance mechanisms such as board size, audit committee independence, audit committee expertise, and audit committee meetings on the quality of audit in selected firms. The study is carried out on a sample of Iraqi non-financial firms. The dependent variable is the audit quality measured as a dummy variable and it receives 1 if a firm receives audit services of big five auditing firms and zero, otherwise. To achieve the research objectives the study uses logit regression technique. The results indicate that there was a positive relationship between audit quality and the percentage of non-executive directors in the audit committee. The findings of the current study will be helpful for policymakers, researchers, accountants, financial experts, and audit practitioners in understanding the importance of the concept of audit quality and the key factors which affect the audit quality of any non-financial firms in Iraq.
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Journal: MSL | Year: 2019 | Volume: 9 | Issue: 2 | Views: 11203 | Reviews: 0

 
9.

An evaluation of project management tools and techniques in Vietnam Pages 283-300 Right click to download the paper Download PDF

Authors: Quynh Le Hua Xuan, Massoud Moslehpour, Dat Tran Tien

DOI: 10.5267/j.msl.2018.11.011

Keywords: Project management tools and techniques, Challenges, Vietnam, Developing country

Abstract:
Project management tools and techniques provide the efficiency and effectiveness in managing and handling the projects. Many tools and techniques have been discovered and applied widely for a long period of time among project managers around the world with great contributions to the success of projects. Vietnam is a developing country and has become an attractive hub for national and international business opportunities. Consequently, there has been an increasing development and expansion of business projects in Vietnam. The purpose of this study is to analyze the use of project management tools and techniques in Vietnam. More specifically, this study aims at investigating: 1) the awareness of business people related to projects, 2) the application of project management tools and techniques within the organization and 3) the challenging obstacles that have prevented organizations in using the tools and techniques. The mixed-method methodology is employed to collect and analyze the data. This study uses interview and questionnaire techniques to collect the data for the study. Several companies in different industries in Vietnam participated in collection of the data. The findings of the study indicate lack of indepth understanding and recognition of project and project management tools and techniques in Vietnamese businesses. The term “project” has not yet become popular in Vietnam. Hence, companies in Vietnam have been facing many obstacles with the application of project management tools and techniques affected on the performance of the projects. The study suggests that the definition and recognition of Project Man-agement should go beyond the current assumption of the Vietnamese business people. Better exercises and practices of the concept of Project Management can benefit the local and international companies. Achieving higher awareness of projects and project management tools can significantly improve economic success of Vietnam.
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Journal: MSL | Year: 2019 | Volume: 9 | Issue: 2 | Views: 3515 | Reviews: 0

 
10.

Productivity and efficiency analysis using DEA: Evidence from financial companies listed in Bursa Malaysia Pages 301-312 Right click to download the paper Download PDF

Authors: Omar Sharif, Md Zobaer Hasan, Florentina Kurniasari, Atang Hermawan, Ardi Gunardi

DOI: 10.5267/j.msl.2018.11.010

Keywords: Bursa Malaysia, DEA, Efficiency, Financial Company, Malmquist productivity index

Abstract:
This study evaluates the technical efficiency, productivity change of financial companies listed in the Malaysian stock exchange (Bursa Malaysia) and examines the effects of productivity change on efficiency over the period 2007–2016. Moreover, this study also concentrates on the ranking of financial companies according to their efficiency scores. Data Envelopment Analysis (DEA) is uti-lized on a Malmquist Productivity Index in order to calculate the financial companies’ efficiency scores. The results of this study show that some firms were fully efficient. The results implied that these companies were in optimal control of their inputs or resources to generate the maximum outputs. Also, the results indicate a tremendous productivity gain was mostly because of a positive shift in frontier technology and positive shift in technical efficiency. This study is significant because it helps to identify the efficient companies from the financial sector in Malaysia based on multiple inputs and outputs by using the DEA model. Common misspecification problems observed that instability of efficiency scores over productivity.
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Journal: MSL | Year: 2019 | Volume: 9 | Issue: 2 | Views: 2962 | Reviews: 0

 
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