The practice of target pricing has been a key factor in the success of Japanese manufacturers. In the more commonly-known demand-side approach, the target price for the supplier equals the manufacturer’s market price less a percent margin for the manufacturer but no cost-improvement expenses are shared. In the supply-side approach, cost-improvement expenses are shared and the target price equal...

This paper describes a new method for the evaluation of non-utility generation impacts on preventive-corrective control of power systems. The proposed method relies on a mixed integer nonlinear optimization and is capable of recognizing the effectiveness of demand side preventive-corrective actions. A number of cases are presented to illustrate the consequences of introducing demand side action...

This paper describes a new method for the evaluation of non-utility generation impacts on preventive-corrective control of power systems. The proposed method relies on a mixed integer nonlinear optimization and is capable of recognizing the effectiveness of demand side preventive-corrective actions. A number of cases are presented to illustrate the consequences of introducing demand side action...

Investments in cost reductions are critical for the long run success of companies that operate in dynamic and stochastic market environments. This paper studies optimal investment in cost reductions as a real option under the assumption that a single firm faces two different sources of risk, stochastic demand and input prices. We derive optimal investment strategies for a monopoly as well as a ...

Using the management fashion perspective as a theoretical lens, we explicate limited success of beyond budgeting (BB) concept in Sweden from supply-side perspective. The assumes that concepts do not emerge or diffuse by popular demand, instead viewing activities actors, such consultants, professional associations, and academics, crucial to marketplace potential users. We conceptualize fashion-s...

feta-evaluetton is a process which symbolically evaluates an actor and checks to see whether the actor fulfills its contract (specification). A formalism for writing contracts for actors with side-effects which allow sharing of data is presented. Typical examples of actors with side-effects are the cell, actor counterparts of the LISP function rplace and rplacd, and procedures whose computation...

eXtensible Business Reporting Language (XBRL) presents new opportunities for integrating information flow within communities of diverse organisations thereby significantly enhancing the business information supply chain. Vital to XBRL success, its standardization is proving to be challenging. This paper investigates the phenomena that occur when heterogeneous actors interact in attempts to stan...