Template-Type: ReDIF-Article 1.0
Author-Name: Angelo Corelli
Author-X-Name-First: Angelo
Author-X-Name-Last: Corelli
Title: Neural networks and technical analysis for price prediction: the case of Borsa Italiana SP MIB
Abstract:
The paper analyses the relationship between common technical analysis indicators and the returns of an index for the period considered. It is expected to find correlation between indicators and index prices, as well as showing clear patterns and potential strategies for investment analysis and portfolio management. As an innovative methodology a mixed analysis is carried out, trying to combine classic signals offered by the indicators with the power of neural networks. The neural network plays an important role in that allows for an accurate regression with efficient error minimisation, while giving indications about the concentration of results obtained around some reference values. Through a simple hidden-layer, back-propagation algorithm, regressions give interesting result, in term of the forecasting potential of the analysed indicators. The final step of the project is to conclude about results and summarise the indication coming from the multivariate stage analysis, commenting on the power of the indicators to reveal potential investment opportunities.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 1-22
Issue: 1
Volume: 10
Year: 2020
Keywords: technical indicator; neural network; backpropagation; steepest descent; normalisation.
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:1:p:1-22

Template-Type: ReDIF-Article 1.0
Author-Name: Reza Bandarian
Author-X-Name-First: Reza
Author-X-Name-Last: Bandarian
Title: Explaining the competitive advantage in strategic research and technology management for research and technology organisations
Abstract:
Effective management of research and technology organisations (RTOs), lie in creating and delivering competitive advantage through creating value for customers. Due to the absence of models that explains the competitive advantage in RTOs, this study attempts to define the competitive advantage in strategic research and technology management in RTOs. Regarding to the identity of RTOs which is fully mixed with knowledge and technology, the base of competition in this category of organisations is providing integrated technology-based solutions for related businesses. Hence, the basis of discussion regarding strategic management in this area is interwoven to the concept of rapid technological changes and consequently dynamic capability with emphasis on technological innovation and entrepreneurship. Therefore, the latest theories of strategic management with an emphasis on dynamic capabilities (and evolutionary approaches) were used to develop a model in order to explain the competitive advantage in strategic research and technology management in RTOs.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 23-46
Issue: 1
Volume: 10
Year: 2020
Keywords: strategic research; technology management; research and technology organisations; ROTs; competitive advantage; strategic management approach.
File-URL: http://www.inderscience.com/link.php?id=105614
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:1:p:23-46

Template-Type: ReDIF-Article 1.0
Author-Name: Prerna Jain
Author-X-Name-First: Prerna
Author-X-Name-Last: Jain
Author-Name: Hans J. Pasman
Author-X-Name-First: Hans J.
Author-X-Name-Last: Pasman
Author-Name: M. Sam Mannan
Author-X-Name-First: M. Sam
Author-X-Name-Last: Mannan
Title: Process system resilience: from risk management to business continuity and sustainability
Abstract:
In general, by competition, energy efficiency, reduced staff, etc. process safety and risk management challenges have increased with a heavier focus of public perception on risks globally. This has necessitated exploring tools for transition from the narrower to a broader approach with goals of business continuity and sustainability for risk management. The application of resilience engineering is being explored for considering the dynamics of socio-technical aspects. This paper presents the systems-based resilience approach for risk management in the process industry and provides a description of process system architecture, functional requirements, and life cycle stages. This paper introduces the process resilience analysis framework (PRAF) and its four aspects. As an example, the 2012 Chevron Richmond Refinery incident is reviewed, and relationship is established between resilience and sustainability. The conclusion is drawn that using PRAF strengthens the resilience capabilities of a process system to foster business continuity and sustainability.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 47-66
Issue: 1
Volume: 10
Year: 2020
Keywords: process resilience analysis framework; PRAF; system resilience; business continuity; sustainability; process safety; risk management.
File-URL: http://www.inderscience.com/link.php?id=105615
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:1:p:47-66

Template-Type: ReDIF-Article 1.0
Author-Name: Kyoo-Man Ha
Author-X-Name-First: Kyoo-Man
Author-X-Name-Last: Ha
Title: Reexamining fire emergency management in Korea
Abstract:
Deadly fires have recently smashed Korea. The article has aimed to see how Korean firefighters have managed various fires for the paramount goal of emergency management. Qualitative content analysis has been used as a key method. Two patterns on fire emergency management have been analysed, such as firefighter-oriented pattern and people-oriented pattern. The former includes excessive political interests, obsessing about their own welfare, late decision on complicated issues, and the lack of flexible training and exercise, whereas the latter includes excessive risk interests, obsessing about people's welfare, appropriate decision on complicated issues, and the reliance on flexible training and exercise. The biggest finding is that Korea needs to transform the firefighter-oriented pattern into a people-oriented pattern soon. Similarly, other nations may use the transition as a criterion for reviewing their own systems. This article has approached the Korean topic more comprehensively than previous studies.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 67-79
Issue: 1
Volume: 10
Year: 2020
Keywords: firefighters; fire safety; comprehensive emergency management; political interests; training and exercise.
File-URL: http://www.inderscience.com/link.php?id=105616
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:1:p:67-79

Template-Type: ReDIF-Article 1.0
Author-Name: Emmanuel C. Ogu
Author-X-Name-First: Emmanuel C.
Author-X-Name-Last: Ogu
Author-Name: Chiemela Ogu
Author-X-Name-First: Chiemela
Author-X-Name-Last: Ogu
Author-Name: Onyekwere U. Oluoha
Author-X-Name-First: Onyekwere U.
Author-X-Name-Last: Oluoha
Title: 'Global cybersecurity legislation?' - factors, perspective and implications
Abstract:
As at the time of this research, no globally adopted and unified legislation for cybersecurity exists that is currently operational, despite rife global clamours for such a legislative framework. This research paper synthesizes and reviews some of the key imposing factors, putting in perspective the surrounding realities that impede the successful actualisation of such a framework, using the qualitative-exploratory research methodology. Also, presenting the implications of these factors and associated realities for cyber peacekeeping and the struggle for a utopian global information society, and then proposing recommendations pertaining the feasibility and operability of a global cybersecurity legal framework.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 80-93
Issue: 1
Volume: 10
Year: 2020
Keywords: cybersecurity; cybercrimes; cybersecurity legislation; cyber peacekeeping; cyber policy; cyber law; security policy; security legislation; legislative framework; trans-jurisdictional cyber laws; digital divide.
File-URL: http://www.inderscience.com/link.php?id=105617
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:1:p:80-93

Template-Type: ReDIF-Article 1.0
Author-Name: Ingrid Årstad
Author-X-Name-First: Ingrid
Author-X-Name-Last: Årstad
Author-Name: Terje Aven
Author-X-Name-First: Terje
Author-X-Name-Last: Aven
Title: Preventing major accidents - changing business as usual
Abstract:
In this article, we examine the recommendation to change business as usual in the aftermath of the deepwater horizon disaster. We address the risks associated with risk management practices and their improvement and propose a framework for questioning the foundations of risk management practices, to clarify in which direction business as usual needs to change. This framework helps identify eventual blind zones in risk management practices and vicious cycles that may prevent their improvement. It is intended to provide a structured approach for ensuring that the risk management repertoire reflects current knowledge about major accidents.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 241-257
Issue: 2/3
Volume: 10
Year: 2020
Keywords: major accidents; management; complex systems; framing issues; risk management; accident prevention; socio-technical systems; complexity vs. complicatedness.
File-URL: http://www.inderscience.com/link.php?id=108504
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:2/3:p:241-257

Template-Type: ReDIF-Article 1.0
Author-Name: Phuah Kit Teng
Author-X-Name-First: Phuah Kit
Author-X-Name-Last: Teng
Author-Name: Bernard Lim Jit Heng
Author-X-Name-First: Bernard Lim Jit
Author-X-Name-Last: Heng
Author-Name: Siti Intan Nurdiana Wong Abdullah
Author-X-Name-First: Siti Intan Nurdiana Wong
Author-X-Name-Last: Abdullah
Author-Name: Wong Tsu Ping
Author-X-Name-First: Wong Tsu
Author-X-Name-Last: Ping
Author-Name: Xie Jing Yao
Author-X-Name-First: Xie Jing
Author-X-Name-Last: Yao
Title: Consumer adoption of mobile payments: a distinctive analysis between China and Malaysia
Abstract:
The adoption of mobile payment is still rather new for an emerging economy like Malaysia whereby cashless payment has yet to be fully accepted by the vast majority. There is still a lack of studies found on the cross-country differences between China and Malaysia, thus, this study attempted to compare the adoption of mobile payment between these two countries to identify the differences in mobile payment adoption using theory of reasoned action and technology of acceptance model. Consumers from Nanjing, China and Klang Valley, Malaysia were selected for this study. A total of 384 respondents from each country were surveyed using personal administered questionnaire. Among the four factors, perceived security seems to differ for the two countries and the study provide a new insight to researchers and market practitioners in terms of analysing the adoption of mobile payment in future.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 207-223
Issue: 2/3
Volume: 10
Year: 2020
Keywords: adoption; cross-country analysis; China; Malaysia; mobile payment.
File-URL: http://www.inderscience.com/link.php?id=108505
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:2/3:p:207-223

Template-Type: ReDIF-Article 1.0
Author-Name: Endang Hernawan
Author-X-Name-First: Endang
Author-X-Name-Last: Hernawan
Author-Name: Mia Rosmiati
Author-X-Name-First: Mia
Author-X-Name-Last: Rosmiati
Author-Name: Tien Lastini
Author-X-Name-First: Tien
Author-X-Name-Last: Lastini
Author-Name:  Sofiatin
Author-X-Name-First: 
Author-X-Name-Last: Sofiatin
Author-Name: Angga Dwiartama
Author-X-Name-First: Angga
Author-X-Name-Last: Dwiartama
Author-Name: Heri Rahman
Author-X-Name-First: Heri
Author-X-Name-Last: Rahman
Title: Agroforestry as a model of sustainable land use of small-scale private forest: a case study in Sumedang, West Java, Indonesia
Abstract:
A small-scale private forest using a model of agroforestry has been growing as part of a rural culture and has become an important source of income for many rural people. In many cases, particularly in densely populated area, farmers usually integrate seasonal crops and livestock with perennial crops to fulfil their daily dietary needs. However, the aspects of sustainability that are comprehensively reviewed have not been widely revealed in small-scale private forest. The aim of this paper is therefore to identify the characteristics of small-scale private forests under the agroforestry model. The sampling technique used was simple random sampling and data were collected through questionnaire from 27 farmers. Agroforestry-based small-scale private forest demonstrates a sustainable farming system: the system possesses a high ecological stability; socially, it is based on the local culture and knowledge; and economically, the agroforestry model contributes significantly to farmers' income.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 194-206
Issue: 2/3
Volume: 10
Year: 2020
Keywords: small-scale private forest; agroforestry; sustainability.
File-URL: http://www.inderscience.com/link.php?id=108506
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:2/3:p:194-206

Template-Type: ReDIF-Article 1.0
Author-Name: Phong Thanh Nguyen
Author-X-Name-First: Phong Thanh
Author-X-Name-Last: Nguyen
Title: Attitude of construction workers toward labour safety
Abstract:
The construction industry has one of the most dangerous working environments among various professions. Workers in construction investment projects account for a large component of the costs, and there are many risks to labour safety. Therefore, ensuring that workers are not injured and aiming for zero labour accidents is a significant imperative and challenge for project managers and construction workers. Ensuring safety during construction work contributes to the success of a project. This paper presents a study of worker attitudes toward labour safety. The research was conducted by using an expert interview approach and questionnaire survey in order to find out which factors influence construction worker attitudes about labour safety conditions. Factor analysis found five factors that affect the attitudes of workers toward labour safety: 1) organisational policy; 2) communication; 3) risk acceptance; 4) psychology; 5) equipment monitoring and management.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 181-193
Issue: 2/3
Volume: 10
Year: 2020
Keywords: construction workers; labour management; project management; safety management.
File-URL: http://www.inderscience.com/link.php?id=108507
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:2/3:p:181-193

Template-Type: ReDIF-Article 1.0
Author-Name: Cheong Sue Sim
Author-X-Name-First: Cheong Sue
Author-X-Name-Last: Sim
Author-Name: Ahmad Fahmi Sheikh Hassan
Author-X-Name-First: Ahmad Fahmi Sheikh
Author-X-Name-Last: Hassan
Title: Assessment of market competition and financial stability of Takaful market in Saudi Arabia and Malaysia
Abstract:
The purpose of this study is two-fold: to examine the Takaful market structure in Saudi Arabia and Malaysia, as well as to investigate market competition and financial stability nexus from year 2008 until 2016. This paper inspected the market structure by using Herfindahl-Hirschman index (HHI) and four-firm concentration ratio (CR4), while Z-score was employed to evaluate the aspect of financial stability. The ordinary least square (OLS) estimator was applied to assess the market competition and financial stability nexus. The outcomes revealed that the Takaful markets in both countries started shifting to moderately-concentrated position from highly-concentrated markets. Regression results appeared to support competition-stability view and transmission mechanism hypothesis. The study findings have significant policy implications for designing and implementing regulations to enhance market efficiency and to safeguard the interests amongst policyholders, apart from promoting both the progression and stability of Takaful market in both countries.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 112-132
Issue: 2/3
Volume: 10
Year: 2020
Keywords: competition-fragility; competition-stability; efficiency; financial stability; Islamic insurance; market competition; Takaful; Saudi Arabia; Malaysia.
File-URL: http://www.inderscience.com/link.php?id=108508
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:2/3:p:112-132

Template-Type: ReDIF-Article 1.0
Author-Name: K.V. Pamudika Gamage
Author-X-Name-First: K.V. Pamudika
Author-X-Name-Last: Gamage
Author-Name: H.M.S. Priyanath
Author-X-Name-First: H.M.S.
Author-X-Name-Last: Priyanath
Title: Interpersonal trust, opportunism and business performance: an empirical evidence of gem dealers in Sri Lanka
Abstract:
This study primarily aims at investigating the effect of interpersonal-trust on the business performance of gem dealers in Sri Lanka. Empirical results were obtained using survey data gathered from 100 registered gem dealers in Ratnapura district in Sri Lanka. Partial least square-structural equation model was used to analyse the collected data. The results demonstrate that interpersonal trust, i.e., credibility, benevolence, and the ability among gem dealers have a significant impact on mitigating opportunism, thus on business improvements under all hypothetical relationships. Many previous studies have clearly pointed out the negative relationship between interpersonal trust and opportunism and a positive association between interpersonal trust and business performance. This study concludes that interpersonal trust has major impacts on the well-being of this industry highlighting it as the main characteristic among gem dealers. Thus, interpersonal trust lowers their transaction costs in exchanges and increases the profit levels of gem dealers in Sri Lanka.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 160-180
Issue: 2/3
Volume: 10
Year: 2020
Keywords: business performance; interpersonal trust; opportunism; transaction costs; gem dealers; Sri Lanka.
File-URL: http://www.inderscience.com/link.php?id=108509
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:2/3:p:160-180

Template-Type: ReDIF-Article 1.0
Author-Name: Ai Chin Thoo
Author-X-Name-First: Ai Chin
Author-X-Name-Last: Thoo
Author-Name: Anis Izzren Noor Khairuddin
Author-X-Name-First: Anis Izzren Noor
Author-X-Name-Last: Khairuddin
Author-Name: Huam Hon Tat
Author-X-Name-First: Huam Hon
Author-X-Name-Last: Tat
Author-Name: Zuraidah Sulaiman
Author-X-Name-First: Zuraidah
Author-X-Name-Last: Sulaiman
Author-Name: Lee Yoke Lai
Author-X-Name-First: Lee Yoke
Author-X-Name-Last: Lai
Author-Name: Adaviah Mas'od
Author-X-Name-First: Adaviah
Author-X-Name-Last: Mas'od
Title: Why medical tourists must go to Malaysia!
Abstract:
Medical tourism industry in Malaysia is booming and has been highlighted as a major catalyst for economic development. This study attempts to examine the determinants that affect the foreign patients' repurchase intention to obtain medical treatment in Malaysia. The determinants include hospital and staff, country factor, combination tourism and health services, and cost saving. Self-administered questionnaire was the main instrument for data collection of the study. Data were collected from 117 foreign patients in several private hospitals located at Selangor, Kuala Lumpur and Johor Bharu using purposive sampling technique. Multiple regressions were used to test the four hypotheses. Two out of the four hypotheses were found to be significantly and related to repurchase intention for medical treatment in Malaysia. Cost saving was found to be the most important factor that affects the foreign patients' intention to revisit Malaysia as their medical destination, followed by the factor of hospital and staff. The findings of the study could enable policy makers to further strengthen Malaysia as the world's top health tourism destination due to the affordable and high quality medical treatment.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 224-240
Issue: 2/3
Volume: 10
Year: 2020
Keywords: medical tourism; health services; Malaysia.
File-URL: http://www.inderscience.com/link.php?id=108510
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:2/3:p:224-240

Template-Type: ReDIF-Article 1.0
Author-Name: Noridayu Binti Abdullah Sani
Author-X-Name-First: Noridayu Binti Abdullah
Author-X-Name-Last: Sani
Author-Name: Abdullah Sallehhuddin Bin Abdullah Salim
Author-X-Name-First: Abdullah Sallehhuddin Bin Abdullah
Author-X-Name-Last: Salim
Author-Name: Nahariah Binti Jaffar
Author-X-Name-First: Nahariah Binti
Author-X-Name-Last: Jaffar
Title: Limitation factors of whistleblowing practices among public sector internal auditors in Malaysia: in-depth interview study
Abstract:
Like Malaysia, the commitment to eradicate the corruption was established through the enactment of Whistleblowing Protection Act 2010 (WPA). The effectiveness of whistleblowing plays a vital role in detriment corruptions issue. The recent Malaysia worst Corruption Perception Index 2017 encourages the need to explore the answers in relation to whistleblowing practice, particularly among public sector internal auditors in Malaysia. Hence, this study is warranted to explore the limitation factors of whistleblowing practices among public sector internal auditors in Malaysia. Due to the complexity of whistleblowing practice, this study decided to conduct a semi-structured interview among the internal auditors from ministries, statutory bodies and state government offices. The result of this study reveals that there are four limitation factors of whistleblowing practice, that include power distance, failure of WPA implementation, lack of manpower and ineffective internal control. This study also ignites few recommendations for the improvement of whistleblowing legislation in Malaysia.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 133-145
Issue: 2/3
Volume: 10
Year: 2020
Keywords: Whistleblowing Protection Act 2010; whistleblowing practice; public sector organisation; internal auditor; Malaysia.
File-URL: http://www.inderscience.com/link.php?id=108511
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:2/3:p:133-145

Template-Type: ReDIF-Article 1.0
Author-Name: Mazlina Mustapha
Author-X-Name-First: Mazlina
Author-X-Name-Last: Mustapha
Author-Name: Nurul Janna Mustapah
Author-X-Name-First: Nurul Janna
Author-X-Name-Last: Mustapah
Title: Risk management practices of transportation companies: practitioners' perspective
Abstract:
It is claimed that organisations face challenges and risks in their operations which hinder their ability to achieve the organisational objectives. Prior studies suggest the implementation of risk management to assist the organisations in ensuring their sustainability in the long run. Risk management practices focus on creating responses to the inherent uncertainties of managing complex situations faced by the organisations, especially in service sector. Delivering quality services is very important in service sector in order to maintain their market share. Thus, this study aims to examine the implementation of risk management in the transportation industry, one of the important service sectors in Malaysia. Fifteen head of operations and managers of transportation companies were interviewed. Findings suggest that the implementation of risk management assist the companies in monitoring the drivers, controlling the maintenance costs of the buses and planning for routes during slack periods. This study provides information to transportation companies about the importance of risk management practices in their operations.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 146-159
Issue: 2/3
Volume: 10
Year: 2020
Keywords: risk management; transportation industry; qualitative; practitioners' perspective.
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:2/3:p:146-159

Template-Type: ReDIF-Article 1.0
Author-Name: Mazlina Mustapha
Author-X-Name-First: Mazlina
Author-X-Name-Last: Mustapha
Author-Name: Yip Kwan Lee
Author-X-Name-First: Yip Kwan
Author-X-Name-Last: Lee
Title: Sourcing arrangement of internal audit services: does it matter to the external auditors?
Abstract:
Internal audit is a crucial monitoring mechanism which assists management in evaluating the effectiveness of the organisational operations. This service can be obtained internally or externally by outsourcing the service to public accounting firms. Due to the importance of the function, this study aims to examine whether the sourcing arrangement of this function would influence the external auditors reliance on the work of internal audit in the audit processes. Questionnaires were randomly distributed to 100 external auditors in Klang Valley. The results indicate that external auditors would significantly rely more on the work of out-sourced internal auditors compared to in-house internal auditors, especially when the inherent risk is high. The level of internal auditors' compliance with relevant professional standards is another crucial factor influencing the external auditors' reliance on their work. This study provides information to the regulators and policy makers in Malaysia about the factors that are important to the external auditors in the auditing processes.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 99-111
Issue: 2/3
Volume: 10
Year: 2020
Keywords: internal auditors; external auditors; outsourcing; in-house; Malaysia.
File-URL: http://www.inderscience.com/link.php?id=108513
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:2/3:p:99-111

Template-Type: ReDIF-Article 1.0
Author-Name: Petter Gottschalk
Author-X-Name-First: Petter
Author-X-Name-Last: Gottschalk
Title: How would business school students respond if they suspect the boss at work of white-collar crime?
Abstract:
In this article, we study business school students' action orientation and follower syndrome when they suspect the boss at work of white-collar crime. Business school students are relevant for this research, as they will occupy positions in the future where they can commit financial crime, prevent crime, or become victims of such crime. Our student responses are particularly interesting, since the students actively had elected a class on financial crime rather than more traditional business school classes. Students responded that they would inform a colleague of their suspicion, and they would not raise their suspicion with the boss. Students do not suffer from the follower syndrome in their self-reported scores in the questionnaire. We found no statistical relationship between the extent of the follower syndrome and the extent of action orientation among students.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 258-265
Issue: 2/3
Volume: 10
Year: 2020
Keywords: whistleblowing; business school students; retaliation; white-collar crime; survey research.
File-URL: http://www.inderscience.com/link.php?id=108517
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:2/3:p:258-265

Template-Type: ReDIF-Article 1.0
Author-Name: Mohammad Hashemi Tabatabaei
Author-X-Name-First: Mohammad Hashemi
Author-X-Name-Last: Tabatabaei
Author-Name: Seyed Mohammad Ali Khatami Firouzabadi
Author-X-Name-First: Seyed Mohammad Ali Khatami
Author-X-Name-Last: Firouzabadi
Author-Name: Maghsoud Amiri
Author-X-Name-First: Maghsoud
Author-X-Name-Last: Amiri
Author-Name: Mohammad Ghahremanloo
Author-X-Name-First: Mohammad
Author-X-Name-Last: Ghahremanloo
Title: A combination of the fuzzy best-worst and Vikor methods for prioritisation the Lean Six Sigma improvement projects
Abstract:
In today's competitive world, the number of organisations using Lean Six Sigma techniques is increasing widely. The Six Sigma concept was originally developed to improve the efficiency and quality of manufactured products, but is now widely used by financial institutions, hospitals, retailers and other service industries. One of the most important issues in this regard is the selection of Six Sigma improvement projects. The purpose of this paper is to rank and prioritise the Lean Six Sigma improvement projects by introducing a method which is a combination of fuzzy best-worst and Vikor methods. A total of ten improvement projects were selected. The weights of the criteria were obtained by using the fuzzy best-worst method and the Lean Six Sigma improvement projects were ranking by using the Vikor method. The results of this study showed that improvement project #5 had highest significance and it was placed at the first priority.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 267-277
Issue: 4
Volume: 10
Year: 2020
Keywords: fuzzy best-worst method; improvement project; Lean Six Sigma; Vikor method.
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:4:p:267-277

Template-Type: ReDIF-Article 1.0
Author-Name: Roy Nersesian
Author-X-Name-First: Roy
Author-X-Name-Last: Nersesian
Author-Name: Joseph McManus
Author-X-Name-First: Joseph
Author-X-Name-Last: McManus
Title: Maximising the contribution of renewables in a utility energy mix
Abstract:
Solar and wind energy sources present meaningful challenges for utility operators. These energy sources are subject to random exposure to cloud cover and variable wind conditions. Predicting cloud and wind conditions is fraught with uncertainty. Thus solar and wind power sources present important considerations of reliability. This paper develops and discusses a generalised methodology to incorporate renewables like solar and wind into the traditional energy mix for electric utilities in light of the reliability challenges they present. Solar and wind cannot reliably displace fossil fuel or nuclear power fully in the energy mix at present. However, pumped storage facilities retain the capacity to provide sufficient storage to stabilise renewable generation and assure reliability of service utilising currently available technology. As a result pumped storage capacity is the demand stabilisation method applied within the simulation set forth. The method presented also enables a utility to examine and model variance within the general shape of the demand for electricity through the simulation.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 278-306
Issue: 4
Volume: 10
Year: 2020
Keywords: renewables; electricity storage; pumped storage plants; simulation modelling; @RISK; evolver; RISK optimiser decision tools; reservoir dimensions.
File-URL: http://www.inderscience.com/link.php?id=111770
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:4:p:278-306

Template-Type: ReDIF-Article 1.0
Author-Name: Harish Babu
Author-X-Name-First: Harish
Author-X-Name-Last: Babu
Author-Name: Prabhas Bhardwaj
Author-X-Name-First: Prabhas
Author-X-Name-Last: Bhardwaj
Author-Name: Anil Kumar Agrawal
Author-X-Name-First: Anil Kumar
Author-X-Name-Last: Agrawal
Title: Analysis and model development of supply chain risk variables in the Indian manufacturing context
Abstract:
Modern supply chains operate with a complex structure having multiple echelons, multiple partners at an echelon, which may be located at different places. In such an environment, risks and uncertainties create several problems for the supply chain managers. These risks can make the supply chain more vulnerable and may sometimes slowdown or completely shut down the supply chain. This makes the study of SCRM as a key concern for SC managers. In order to handle the risks properly, relevant risks to a supply chain and their interrelationships should be identified. In this paper, seven dominant risk variables of an electrical wire manufacturing industry are identified. Interpretive structural modelling (ISM) is applied to develop the interrelationship among these risk variables. Based on MICMAC analysis, the risks have been classified into different categories. This research finding can be useful for managers to understand the risk variables for building a robust supply chain.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 307-329
Issue: 4
Volume: 10
Year: 2020
Keywords: supply chain risk management; SCRM; risk management; supply chain risks; Indian manufacturing industry; risk types; risk variables; risk triggers; interpretive structural modelling; ISM; MICMAC analysis.
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:4:p:307-329

Template-Type: ReDIF-Article 1.0
Author-Name: Sachin Saini
Author-X-Name-First: Sachin
Author-X-Name-Last: Saini
Author-Name: Doordarshi Singh
Author-X-Name-First: Doordarshi
Author-X-Name-Last: Singh
Title: An evaluation of the status of lean manufacturing practices in SMEs in Northern India
Abstract:
The purpose of this investigation is to evaluate the penetration of lean manufacturing practices and their effect on firm performance on the SMEs located in Northern India. Evaluation of the status of LMPs on the performance of SMEs has been done by the percent point score method which is a quantitative approach. Eight lean practices have been selected after an extensive literature review and validated through experts from the field. This study depicts the actual status of the implementation of lean practices in the 183 SMEs of Northern India related to manufacturing sector. Out of the selected, implementation of 5s, PM, supplier management has been discovered to have found favour with the manufacturers to a high extent. But other operational practices like JIT, kanban, SPC have are less in favour. The analysis reveals that some attempts have been made to enhance firm performance through the application of lean practices. And, this study has been successful in presenting the initiatives of the SMEs regarding lean manufacturing practices for enhancement purposes. It will help the stakeholders in enhancing their firm performance, reaping higher profits and contributing to the growth of the national economy.
Journal: Int. J. of Business Continuity and Risk Management
Pages: 330-370
Issue: 4
Volume: 10
Year: 2020
Keywords: lean manufacturing practices; LMPs; smaller and medium enterprises; SMEs; firm performance; percent point score method.
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Handle: RePEc:ids:ijbcrm:v:10:y:2020:i:4:p:330-370