International Journal of Management and Enterprise Development
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International Journal of Management and Enterprise Development (8 papers in press)
A decision-making support for supplier selection and inventory optimisation considering price discount and fuzzy parameters via piecewise-objective mixed-integer programming by S. Sutrisno, W. Widowati, S. Sunarsih, Tosporn Arreeras, Muhammad Syukur Abstract: In this paper, we propose a piecewise-objective mixed-integer optimisation model as a decision-making support to solve integrated supplier selection and inventory optimisation, considering price discount and fuzzy parameters. The mathematical model was formulated based on minimising the total operational costs whereas the constraint functions were formulated based on situations that should be met, such as satisfying demand and supplier capacity limits. Numerical experiments were performed with randomly generated data to evaluate the model and to illustrate how the optimal decision was made. Results showed that the model successfully solved the given problem, and the optimal decision was derived i.e. the optimal product amount of each product type that should be purchased to each supplier and the product amount of each product type that should be stored in the warehouse for each observation time period. This concluded that the proposed model can be used by decision makers to solve their supply-chain problems. Keywords: inventory management; mixed-integer programming; price discount; piecewise-objective optimisation; supplier selection; supply chain management. DOI: 10.1504/IJMED.2022.10047500
Barriers to Industry 4.0 adoption: mapping the global research trends using bibliometric analysis by B. Deepthi, Vikram Bansal Abstract: With the advent of the fourth industrial revolution, better known as Industry 4.0, the overall transformation of the manufacturing industry with digital integration and intelligent engineering has taken a giant leap forward in the direction of futuristic technology. This article aims to paint a clear picture of the implementation constraints of the Industry 4.0 concept in terms of publications and research diversification. The article consolidates and synthesises current findings from studies of Industry 4.0 adoption challenges, develops theme maps and clusters, and suggests some innovative future research prospects in this globally prevalent field. 777 articles were retrieved from the Web of Science and Scopus databases. The findings indicate that research in this area initially concentrated on the challenges associated with adopting AI-enabled technologies. Further, it was aided by concerns relating to the internet of things, the industrial internet of things, cyber-physical systems (CPS), and the intelligent factory. Keywords: Industry 4.0; implementation challenges; bibliometric analysis; cyber-physical systems; CPS; big data; Biblioshiny; VOSviewer. DOI: 10.1504/IJMED.2022.10047692
Current Trends and Future Research Themes for Sustainable Business Management in Post COVID-19 by Yesim Ozkan-Ozen, Melisa Ozbiltekin-Pala Abstract: Recently, it became more important for businesses to remain dynamic in both macro and micro environmental conditions to ensure operations are sustainable. The new sustainable business approaches and management practices that emerged during the COVID-19 era have increased businesss resilience to social, environmental, and financial problems. Sustainable business management requires knowledge about relevant research in sustainable business management, regarding both the COVID-19 era and future trends. Therefore, this study used a systematic literature review to identify future research themes related to sustainable business management in the post-COVID-19 era. Based on an analysis of current research tendencies related to the COVID-19 pandemic and sustainable business management practices, six research themes were proposed for integrated studies in manufacturing and service industries. These findings contribute to the current literature by providing a new perspective on research into sustainable business management in the post-COVID-19 era. Keywords: sustainable; business management; COVID-19. DOI: 10.1504/IJMED.2022.10048134
Success factors of crowdfunding of innovative projects by Tomáš Štofa, Radovan Dráb Abstract: Crowdfunding became an easy way of capital accumulation for projects ranging from social and community-based projects to business ideas funding. In relation to the digitalisation of networks, crowdfunding represents a way to support the successful delivery of innovations demanded directly by consumers. In this paper, we have tried to analyse the differences in success factors of funded innovative projects to those rather regular ones using econometric analysis. The analysis was based on a dataset of over 250,000 registered projects on the Kickstarter platform from different categories. Using statistical testing we have discovered significant differences in innovative projects success factors over the ones for regular projects. From the analysed dataset, we have discovered a significant difference in the success rate of funded projects, with a higher success rate of the regular ones compared to the innovative projects. Keywords: crowdfunding; innovation; Kickstarter; determinants; success; funding; reward-based; innovative projects; demand-oriented; success rate. DOI: 10.1504/IJMED.2022.10048516
Which institutional investors encourage R&D investments? by Sami Gharbi, Hidaya Othmani Abstract: The extant literature has examined the role of institutional investors on influencing corporate strategies, yet it has overlooked the distinct incentives and motives of these institutions. The purpose of this paper is to investigate the relationship between R&D investment and institutional investors' ownership taking into account their heterogeneous behaviours. Based on a sample of French high-tech firms, the authors estimate a panel data design with the generalised method of moments (GMM) to account for the unobserved heterogeneity and the dynamic nature of the panel data. The results show that the effects of institutional investors on R&D investment differ according to their types. Pressure-sensitive institutional investors (institutions with potential business relationship with the investee firms), and mainly banks, are negatively associated with R&D investment intensity. Conversely, pressure-insensitive institutional investors and mainly pension funds are positively associated with R&D. The results highlight the role of institutional ownership on R&D decisions and encourage firms to attract pressure-insensitive institutional investors to promote innovation and long term performance. Keywords: R&D; research and development; innovation management; high tech companies; corporate governance; institutional investors; shareholder activism; dynamic panel data; generalised method of moments; GMM. DOI: 10.1504/IJMED.2022.10045011
User experience of two different LMS: effects on students' performance and recommendations for contents design by Galena Pisoni Abstract: The aim of this work is to understand the effects of user experience on students' outcomes in two different learning management systems (LMS), Moodle and Sakai, on the same entrepreneurship education task in both environments. We developed an online learning setting where technical graduate students practice and gain knowledge on innovation and entrepreneurship themes and we evaluate which LMS provided better user experience. The evaluation included 70 students in total, 37 in the Moodle condition and 33 in Sakai condition. Results indicated that the students in the Moodle condition reported to have slightly better learning experience compared to the students in Sakai condition. The follow-up interviews with the students highlighted positive and negative experiences related to features and options of the different platforms, their influence on student learning, and the different ways to organise contents in them. The qualitative feedback suggests learners want an affective connection with the contents and demand for high quality of learning materials. These data provide empirical evidence of the learning gains offered by the two different LMS and provide practical guidelines for education designers on how to design education experiences on both of the platforms. Keywords: online education; education delivery; user experience; learning management system; LMS; Moodle; Sakai. DOI: 10.1504/IJMED.2022.10048521
Studying the decision-making state and impact in Iraqi construction projects by Sajjad Ali Mahmood Alkaabi, Ahmed Mohammed Raoof Mahjoob Abstract: Construction projects are characterised by time and cost-intensive production processes which make them prone to risks and failure. One of the most difficult problems in construction is taking an objective decision. This study aims to identify the key decisions that affect the construction projects' success, analyse the bad decisions problem in Iraq construction projects, and propose a set of corrective actions. Brainstorming, case study, and experts' interview techniques were used to achieve the study goals. The study results identified 51 decisions that affect the success of construction projects during the life cycle, nine of these decisions have the most degree of effect. Also, this study identified 19 key causative factors to bad decisions in construction projects. Then, this study proposed seven criteria to select the qualified decision-makers, in addition to nine actions to enhance the process of decision making in Iraq construction projects. Keywords: decision making; bad decisions; construction; decision-makers; impact. DOI: 10.1504/IJMED.2022.10046519
The drivers of export in microenterprises by Matti Muhos, Martti Saarela, Peetu Virkkala, Jukka Majava, Jenni Helander Abstract: Microenterprises represent most of all businesses and are an essential enabler of any nation's renewal and sustainable growth. Despite its practical and scientific importance, little is known about what drives microenterprise managers to export. This study aims to bridge this gap by elaborating the export drivers from the perspective of microenterprises. The above-described can be condensed to the following research question: What are the drivers for exporting perceived by the managers of microenterprises? This multiple case study answers the research question by analysing export drivers in ten Finnish microenterprises. A framework of export drivers (Leonidou et al., 2007) was devised in this analysis. This study provided an in-depth analysis of the export drivers in a microenterprise context and summarised the findings in a preliminary framework. Based on this analysis, the drivers related to human resources, marketing, domestic market, foreign market, home government and customers are central to microenterprise export. Keywords: internationalisation; export; drivers; microenterprises; micro-sized enterprises. DOI: 10.1504/IJMED.2022.10047422