We are most grateful for the comments made by Earl (2014) on our paper, Frey and Gallus (2014). In particular, we are pleased that we can fully agree on the fundamental point we wanted to make: decisions by individuals (as well as by organizational units) do not map directly and in an unchanged way to the macro level. Rather, the aggregation process linking the microand the macro-level must be ...

In 1937, Ronald Coase argued that firms will exist only in environments in which firms perform better than markets could. To create space for firms, Coase suggested that some environments might be plagued by “transaction costs” that cause markets to perform poorly. Coase’s paper was to become the cornerstone of the economic theory of the firm (i.e., the “make or buy” decision: which activities ...

This paper proposes and evaluates a model of supply chains as networks of auctions. In this model, companies are represented according to the first level of the Supply Chain Council’s SCOR model and the trading strategy of the agents is adapted from a model proposed by Steiglitz and colleagues. Specifically, the highest level of SCOR treats a company as comprising three functions, namely Source...

In a defined contribution pension plan, employees make the investment decisions since they ultimately bear the investment risks. It has been shown empirically that, whenever the firm’s own stock is one of the available assets, many employees invest a significant fraction of their discretionary contributions in the stock of their employer. Moreover, the proportion allocated to own-company stock ...

one of the goals of financial reporting is to provide the useful information in order to facilitate the decision making. accounting information system is of high importance for the users to make specific decisions. the information should be analyzed to present the valuable information to the investors so that in this paper, the relative content and return additive with cash recovery have been a...

Machines (SVM) for stock market prediction. A variety of indicators from the technical analysis field of study are used as input features. We also make use of the correlation between stock prices of different companies to forecast the price of a stock, making use of technical indicators of highly correlated stocks, not only the stock to be predicted. The genetic algorithm is used to select the ...

This paper contains a production and inventory planning model with lot sizing in an RMG factory. is example of mixed integer linear programming. The primary goal this approach, which combines the make-to-order (MTO) make-to-stock (MTS) methods are to simultaneously satisfy existing customer orders new order reduce total cost. Here, systems becoming more common since they allow businesses increa...

This research paper was an endeavor to make a model, to find out the connection involving stock market and interest rate (Pakistani market) and to run certain tests related to statistical analysis. These tests run with the help of month end closing stock prices of Karachi Stock Exchange and interest rates of previous ten years i.e. Jan 2004 to Dec 2013. Correlation, Regression analysis and desc...