Template-Type: ReDIF-Article 1.0 Author-Name: Yassine Benrqya Author-X-Name-First: Yassine Author-X-Name-Last: Benrqya Author-Name: Imad Jabbouri Author-X-Name-First: Imad Author-X-Name-Last: Jabbouri Title: Performance evaluation of European grocery retailers: a financial statement analysis Abstract: The objective of this paper is to analyse the financial statements of European grocery retailers to determine how their unique business model, strategies and characteristics explain the differences and similarities in their financial structure and performance. A total of 37 European grocery retailers from 14 European countries were classified into three clusters, namely: hypermarkets/supermarkets, convenience stores, and discount stores. A detailed financial statement analysis for the three clusters of retailers was conducted to identify the differences and similarities among various types of retailers. Besides, asset structure, capital structure, liquidity and profitability have been examined to determine if they depend on retailers' specific business models, strategies, and characteristics. With the exception of the capital structure which appears to be homogeneous, our results reveal substantial differences regarding the financial structures of the various clusters. Finally, the profitability of the different clusters is achieved in various ways depending on their specific business model and strategy. Journal: Int. J. of Logistics Economics and Globalisation Pages: 24-39 Issue: 1 Volume: 9 Year: 2021 Keywords: grocery retailers; financial performance; financial statements; balance sheet analysis; asset structure; capital structure; liquidity structure; profitability. File-URL: http://www.inderscience.com/link.php?id=116230 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injleg:v:9:y:2021:i:1:p:24-39 Template-Type: ReDIF-Article 1.0 Author-Name: Rajiv Aserkar Author-X-Name-First: Rajiv Author-X-Name-Last: Aserkar Title: Smart logistics for smart cities Abstract: This article aims to understand the concept of smart logistics and its role in the success of smart cities. A literature review was conducted to learn about the various components of smart logistics and its adoption to meet the various attributes of a smart city. The study draws from the examples of Singapore's adoption of smart logistics and concludes that there is a definite link between the success of the smart city initiative and the digitisation of the logistical processes. This study will help the nations across the world to benchmark their state of readiness to adopt smart logistics with that of Singapore and adopt smart logistics practices to enhance the effectiveness of their smart city initiative. Journal: Int. J. of Logistics Economics and Globalisation Pages: 40-57 Issue: 1 Volume: 9 Year: 2021 Keywords: smart cities; smart logistics; infrastructure; digitisation; transportation; warehousing; Singapore. File-URL: http://www.inderscience.com/link.php?id=116232 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injleg:v:9:y:2021:i:1:p:40-57 Template-Type: ReDIF-Article 1.0 Author-Name: Totakura Bangar Raju Author-X-Name-First: Totakura Bangar Author-X-Name-Last: Raju Author-Name: Rishabh Gupta Author-X-Name-First: Rishabh Author-X-Name-Last: Gupta Author-Name: Abhijit Singh Author-X-Name-First: Abhijit Author-X-Name-Last: Singh Title: Volatility spillovers in the dry bulk shipping markets Abstract: Baltic Dry Index over the years has witnessed volatility and been an enigma for ship owners and cargo owners. This study tries to investigate the volatility and spillovers in Dry Baltic sub-indices, namely Handymax, Supramax, Panamax and Capesize. The study uses daily data from August 2012 till July 2019 for seven years. The paper contributes to the literature by applying three different multivariate GARCH models, namely the DCC GARCH model, corrected DCC model, and asymmetric corrected DCC GARCH model. Hosking test is applied to find the best model fit and corrected DCC GARCH model is found to be the best fit. The results bring out many interesting spillovers between the Baltic sub-indices and various factors affecting the same are discussed. China trade factor emerges as the major contributor to various spillovers and volatility in the dry bulk market. Journal: Int. J. of Logistics Economics and Globalisation Pages: 58-79 Issue: 1 Volume: 9 Year: 2021 Keywords: spillovers; Baltic Dry Index; BDI; volatility; shipping; GARCH. File-URL: http://www.inderscience.com/link.php?id=116233 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injleg:v:9:y:2021:i:1:p:58-79 Template-Type: ReDIF-Article 1.0 Author-Name: Hasan Hosseini-Nasab Author-X-Name-First: Hasan Author-X-Name-Last: Hosseini-Nasab Author-Name: Mahdi Tavana-Chehartaghi Author-X-Name-First: Mahdi Author-X-Name-Last: Tavana-Chehartaghi Title: Investigating the location-routing problem in the competitive environment Abstract: Location of facilities and routing of customer service are important factors in the competitive environment. This paper presents a new approach for market share using the location-routing problem within a competitive environment in which the competition is considered as a simultaneous game between the players. Two mathematical models are proposed for determining the share of the main and rival player in a competitive environment and then a hybrid metaheuristic model is presented for solving the related location-routing problem. The market share of each player is determined by solving a game and finding the Nash equilibrium and then, a location routing problem is solved for each player per each Nash equilibrium point. The information of a real case in the field of pizza distribution in an area of Mashhad, Iran, was used. The results show the proper performance of the proposed model for gaining maximum market share by competitors taking into account budget constraints. Journal: Int. J. of Logistics Economics and Globalisation Pages: 81-104 Issue: 2 Volume: 9 Year: 2021 Keywords: competitive location-routing problem; competitive environment; simultaneous game; decision making. File-URL: http://www.inderscience.com/link.php?id=117909 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injleg:v:9:y:2021:i:2:p:81-104 Template-Type: ReDIF-Article 1.0 Author-Name: Simon Urban Author-X-Name-First: Simon Author-X-Name-Last: Urban Author-Name: Serina Al-Haddad Author-X-Name-First: Serina Author-X-Name-Last: Al-Haddad Title: Waste in Logistics 4.0 systems and applicable lean methods: interviews with experts Abstract: Logistics 4.0 systems are expected to change the current understanding of digital data and supply chain in terms of value, accessibility, and cost. This paper contributes a unique analysis of Logistics 4.0 and lean logistics and reviews the types of waste in Logistics 4.0. It also discusses how lean methods can help in reducing waste in Logistics 4.0 and be an economical option for companies. Moreover, it explores what types of waste are likely to exist in Logistics 4.0, which types could evolve, and which could be removed. This research reports the results of interviews with experts in the field in international companies and logistic service providers to further understand the types of waste. The results of this paper indicated that all eight types of waste continue to exist in a Logistics 4.0 environment, while a new type of waste and new forms of existing waste are emerging. Journal: Int. J. of Logistics Economics and Globalisation Pages: 105-129 Issue: 2 Volume: 9 Year: 2021 Keywords: logistics; supply chain; industry 4.0; lean logistics; value stream mapping; shop floor management; kanban. File-URL: http://www.inderscience.com/link.php?id=117910 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injleg:v:9:y:2021:i:2:p:105-129 Template-Type: ReDIF-Article 1.0 Author-Name: Nai-Chieh Wei Author-X-Name-First: Nai-Chieh Author-X-Name-Last: Wei Author-Name: Shun-Yuan Yao Author-X-Name-First: Shun-Yuan Author-X-Name-Last: Yao Author-Name: Kuo-Chuan Cheng Author-X-Name-First: Kuo-Chuan Author-X-Name-Last: Cheng Author-Name: Chiung-Fen Huang Author-X-Name-First: Chiung-Fen Author-X-Name-Last: Huang Title: An information system for supplementing decision-making in transnational supply chains and its application in the thin-film-transistor liquid-crystal display industry Abstract: Supply chain management has become one of the fastest-growing areas of commercial intelligence application, and TFT-LCD is the next highlight in Taiwan after the rise of the semi-conductors. By combining the international supply chain management in the TFT-LCD industry to integrate its upstream and downstream supply chains, the core competitiveness of the enterprises can be upgraded. This paper proposes a vertical integration model for international supply chains and discovers the best solution in order to achieve the optimum profit. The system integrates factors such as hierarchical BOMs, transfer pricing, taxes, changes in demands, etc., and it can support international enterprises in dynamic environments to attain the optimal output allocation, production, and distribution decisions to maximise their profits. The system interface is structured around WebGIS (geographic information system). It connects models, data, and maps so that users can search, update and perform optimisation within the supply chain as necessary. Journal: Int. J. of Logistics Economics and Globalisation Pages: 130-152 Issue: 2 Volume: 9 Year: 2021 Keywords: supply chain; TFT-LCD; optimisation; geographic information system; optimum profit; 'Two Trillion and Twin Star' industries; development plan; bullwhip effect; economic order quantity; EOQ; branch-bound algorithm; demand forecast; global supply chain. File-URL: http://www.inderscience.com/link.php?id=117911 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injleg:v:9:y:2021:i:2:p:130-152 Template-Type: ReDIF-Article 1.0 Author-Name: Praneti Shah Author-X-Name-First: Praneti Author-X-Name-Last: Shah Author-Name: Nishant Agrawal Author-X-Name-First: Nishant Author-X-Name-Last: Agrawal Title: Green product development designs for sustainability and challenges in its implementation Abstract: Electrical and electronic equipment have become indispensable in the lifestyle of modern societies. This paper covers green product designs in the electronic segment and challenges. Expert's opinion is taken to get insights into the green product design mechanisms and challenges faced in the development and market adoption phases. ISM is used to analyse the relationships among the identified challenges. To recognise the dependence and driving power of identified challenges, a MICMAC analysis is performed. It is found that the lack of provisions in existing regulations to support green and sustainable product design development creates a significant challenge to the green movement. This research may help governing bodies of large economies make favourable regulatory reforms to achieve sustainable development goals. Journal: Int. J. of Logistics Economics and Globalisation Pages: 153-180 Issue: 2 Volume: 9 Year: 2021 Keywords: green innovation adoption; sustainable development; interpretive structural modelling; ISM; MICMAC analysis; Pareto analysis; MCDM. File-URL: http://www.inderscience.com/link.php?id=117917 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injleg:v:9:y:2021:i:2:p:153-180 Template-Type: ReDIF-Article 1.0 Author-Name: Mordecai C. Matto Author-X-Name-First: Mordecai C. Author-X-Name-Last: Matto Author-Name: Ahmed M. Ame Author-X-Name-First: Ahmed M. Author-X-Name-Last: Ame Author-Name: Paul M. Nsimbila Author-X-Name-First: Paul M. Author-X-Name-Last: Nsimbila Title: Tender process and value for money in Tanzania public procurement Abstract: The purpose of this study was to find out the effect of the tender process on value for money in Tanzania public procurement. The study applies a cross-sectional survey design and quantitative approach. The data were collected from 164 entities in Tanzania. The analysis of data was mainly based on descriptive and inferential statistics. The findings show that tender advertising, tender evaluation, tender award, and tender negotiation are significant factors that enhance value for money in public procurement. Conversely, the tendering document was not a significant factor to predict the value for money. Procuring entities in Tanzania need to put more efforts to administer properly tender advertising, tender evaluation, tender award, and tender negotiation to achieve the best value for money. The study has enriched the institutional theory by showing that regulatory and normative pillars need to ensure that the organisations produce the best results. Journal: Int. J. of Logistics Economics and Globalisation Pages: 1-23 Issue: 1 Volume: 9 Year: 2021 Keywords: tender process; value for money; public procurement; tender award; tender negotiation; tender evaluation; tender advertising; tender documents. File-URL: http://www.inderscience.com/link.php?id=116218 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injleg:v:9:y:2021:i:1:p:1-23