International Journal of Management and Decision Making (6 papers in press)
Application of the multi attribute utility theory for the selection of project procurement system for Greek highway projects
by Fani Antoniou, Dimitrios Konstantinidis, George Aretoulis
Abstract: The selection of the appropriate procurement system (PS) for major highway projects in Greece is central to their success, as the relevant interdependent interfaces and required contracts between stakeholders are numerous and complex. The PSs investigated are traditional, traditional fast track, design and build, private public partnership, construction management, management contracts and partnering. The relevant selection criteria (SC) that were considered refer to the project characteristics, the needs of the awarding authority and the market conditions.
A questionnaire survey was carried out in order to record the performance of each PS against each selection criterion. The survey succeeded in collecting responses from 91 international highway procurement experts. The paper then evaluated the mean ratings of each PS against each alternative selection criterion. These ratings were considered as marginal utility values for use in the multi attribute utility theory method. The weights of each selection criterion are calculated using the revised Simos method, the analytical hierarchy process and goal programming.
Two pilot projects in Greece were defined as case studies, for the proposed methodology to be tested. The results showed that the public private partnership system is frequently chosen as the most appropriate PS.
Keywords: Procurement, highway projects, questionaire survey, multi attribute utility theory, multi criteria decision making, public works
Place of middle managers on the relationship between creativity in strategy and organizational performance
by Fakher JAOUA
Abstract: In recent years, the literature reveals that creativity is an essential ingredient for strategy formulation. This creative potential in strategy formulation is manifested by four strategic roles played by middle managers: facilitating adaptability, implementing deliberate strategy, synthesizing information and championing alternatives. In this perspective, the purpose of this research is to investigate the direct impact of strategic roles of middle managers on the creativity in strategy, and the moderating effect of strategic roles of middle managers on the relationship between the creativity in strategy and organizational performance. A survey questionnaire has been distributed to 350 CEOs of large Tunisian companies involved in the upgrading program. The results of the application of structural equation methods show a central roles of strategic middle managers both in its relationship to creativity in strategy, as in the relationship between creativity in strategy and organizational performance.
Keywords: strategy involvement, strategy formulation, creativity in strategy, middle managers, organizational performance
Combining AHP and TOPSIS Method for Logistics Hub Selection
by Apichat Sopadang, Ruth Banomyong
Abstract: The purpose of this paper is to propose a methodology to help identify country level logistics hub (Thailand, Lao PDR and Vietnam) along the East-West Economic Corridor (EWEC) by using two mathematical methods. Phase 1 identified five main factors impacting logistics hub selection that are derived from the literature. These factors are trade volume, infrastructure, institutional framework, service providers, shippers and consignees. Phase 2 utilises the Analytical Hierarchical Process (AHP) method to define weight for each criterion. Experts in related fields were interviewed in order to make dyadic comparisons. Phase 3 focused on the TOPSIS method to rate alternatives by assigning weights defined through AHP and by calculating which alternative is the nearest to the ideal solution. The findings conclude that Thailand particularly thanks to its large trade volume is the best country to be considered as a logistics hub for the EWEC.
Keywords: EWEC; TOPSIS Method; AHP Method; Logistics Hub
Managing Supply Chain Disruption Risks via Insurance Solutions - Current Practices and Challenges
by Annette Hofmann, Linda Eggert
Abstract: Supply chain risks and their management are receiving increasing attention by both academics and practitioners. This paper challenges the management of supply chain disruption risks, which may arise from economic frictions or natural catastrophes, and puts a specific focus on insurance solutions. Major insurability issues regarding supply chain disruption risks are discussed and insurance is integrated into a holistic catastrophic risk planning approach. The approach adds value to the whole supply chain risk management process.
Keywords: Supply Chain Risk Management; Insurance Solutions; Catastrophe Management; Risk Management Process; Limits of Insurability.
Investigating the effect of organizational culture on knowledge management and performance: an empirical study in knowledge-based companies using the balanced scorecard
by Peter Forte, Farnaz Afshar Hoojaghan, Javad Khazaei Pool
Abstract: The purpose of this study is to discover the relationships between organizational culture, knowledge management and performance variables using structural equation modeling (SEM). The research is applied and uses a descriptive-survey method. The statistical population consists of the managers and staff of firms residing in Fars science and technology park in the winter of 2015. Data analysis was done using SPSS and SmartPLS software. Research data were analyzed using the partial least square method, one of the methods of SEM. Results show that organizational culture affects knowledge management and performance, and also that knowledge management in turn affects the performance of knowledge-based companies. The findings lead to a better understanding of marketing mechanisms, which is an acceptable base for organizational performance. rn
Keywords: organizational culture, knowledge management, performance, balanced scorecard
THE WATER SURFACES ECOSYSTEM SERVICES AND THE OPINION OFDIFFERENT STAKEHOLDERS: AN APPROACH BASED ON GOAL PROGRAMMING
by António Xavier, Maria Belém Costa Freitas, Carla Antunes
Abstract: The water surfaces have a high environmental value and allow the development of quality traditional products, which may take advantage of the local conditions. Since 1985, the state entities supported and accompanied the construction of a considerable number of dams, all located in the Guadiana river basin, in Algarve, south Portugal. In this context, it is important to understand how the stakeholders involved perceive these water surfaces, namely their role on the provision of environmental goods. This paper proposes a goal programming approach to simulate the preferences and the consensus of the stakeholders involved considering not only the preferences of the majority, but also the minority, which often appears undervalued. The results show that the proposed methodology was able to provide new insights about stakeholders opinions and preferences for a correct management.
Keywords: water surfaces; ecosystem services; multiple criteria; goal programming; Alcoutim municipality.