Table of Content

28 December 2000, Volume 8 Issue 4 Previous Issue    Next Issue

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An Analysis about Two Methods of Currency Risk Hedging XIE Chi, WU Xiao 2000, (4):  2-6.  Abstract ( 2221 )   PDF (1622KB) ( 2065 )   Save The paper discusses the issue of choosing between currency forward and currency futures contracts during hedging against currency risk within a stochastic interest rate environment.It compares the pricing of two derivative assets both within a narrow sense and within a wide sense. References | Related Articles | Metrics

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A Quantitative Standard of Debt in Lieu of Equity ZHOU Zi-kang, YANG Chun-peng 2000, (4):  7-9.  Abstract ( 2119 )   PDF (641KB) ( 1901 )   Save In this paper,we obtained a quantitative standard of debt in lieu of equity by comparing the pay off of the financial asset management companies at a given confidence level. References | Related Articles | Metrics

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Different Types of Capital Budgeting and Corresponding Method of Project Selection XUE Yi-ming, PAN Zheng-mao 2000, (4):  10-16.  Abstract ( 2422 )   PDF (1315KB) ( 1985 )   Save There are three types of capital budgeting.Each of them requires different method of project selection.The knowledge of the difference will reduce the chance to make a bad investment decision. References | Related Articles | Metrics

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Managing Material and Information Flows in Supply Chain WANG Cheng-en 2000, (4):  17-24.  Abstract ( 2734 )   PDF (539KB) ( 2733 )   Save Supply chain management,closely correlated with logistics,allows firms to effectively cooperate with their partners,gaining collective competitive advantages in the changing markets.This paper begins with discussing the concepts of logistics and supply chain management,and their intrinsic relationships.It is argued that sophisticated coordination of material and information flows is the kernel of supply chain management.The operational coordination decisions on material flows mainly concern with inventory replenishments and transportation routing.The strategic decisions controlling material flows mainly concern with facility locations.Information flow management integrates business applications across both department borders and company boundaries.Dynamic alliances synchronize activities in many companies,strategically configuring material and information flows in the supply chain.This paper identifies the obstacles in managing the flows and further indicates the promising approaches to break through these obstacles. References | Related Articles | Metrics

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Study on Job Shop Scheduling in Multi functional Machine Tool Environment LI Guo-fu, YE Fei-fan 2000, (4):  25-29.  Abstract ( 2035 )   PDF (469KB) ( 1774 )   Save The concept of processing unit is introduced in this paper to specify the resources in machining systems and then a model of job shop scheduling is developed in the environment of multi functional machine tools.Genetic algorithm is employed in the optimization of the scheduling model.After the optimization procedure by genetic algorithm,a dynamic dispatching process is followed among components,processing units and real machine tools to re optimize the results.At last,numerical experiments are conducted to show the effectiveness and efficiency of the proposed method. References | Related Articles | Metrics

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The “Position-Activity-Staff" Model of BPR DING Jia-li 2000, (4):  30-36.  Abstract ( 2141 )   PDF (716KB) ( 1766 )   Save This paper proposes a systematic approach that combines two linear programming models with BPR principles to provide a structural technical redesign of the current process’s employee position,activity and staff.The approach is illustrated with an example. References | Related Articles | Metrics

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An Integrated Arithmetic of AHP and GEM HONG Yuan-yuan, QIU Wan-hua 2000, (4):  37-43.  Abstract ( 2302 )   PDF (1369KB) ( 3474 )   Save Two decision methods,AHP and GEM are discussed in this paper.They are compared from a series of aspects.Then an integrated arithmetic including the essence of the two methods is proposed. References | Related Articles | Metrics

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Approach and Application of Evaluation Investment Based on Multiple Criteria Random DEA Model TIAN Jun, HE De-quan, HUANG Deng-shi 2000, (4):  44-50.  Abstract ( 2086 )   PDF (2303KB) ( 2060 )   Save The paper presents a multiple criteria random DEA model by analyzing inputs and outputs,adding multiple criteria on the basis of classical DEA model,and verifies its effectiveness. References | Related Articles | Metrics

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A Model Analysis on Sales Management YANG Xue-nan, WANG Xian-yu 2000, (4):  51-55.  Abstract ( 2083 )   PDF (1801KB) ( 1832 )   Save This paper established a beniefit model of a firm and its sales department,and acording to this model,analyzed how to choose an equilibrium to make the firm and its sales department keep coordinated relationship. References | Related Articles | Metrics

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Optimal Model and Solution Algorithm for Passenger-Ticket Pricing under the Condition of Multimodal Transportation SI Bing-feng, GAO Zi-you 2000, (4):  56-63.  Abstract ( 2125 )   PDF (1210KB) ( 2227 )   Save In this paper,the benefits of passengers and transportation management departments are both considered and a bi-level programming model is presented in order to seek the optimal passenger-ticket price under the competition between different inter-city traffic modes.The lower-level problem represents an equilibrium model that describes passengers’ mode-choice behavior under the condition of multimodal transportation.The upper-level problem is to determine passenger-ticket price to maximize the revenue of transportation management departments while considering passengers’ mode-choice behavior.A heuristic algorithm for the bi-level problem is also proposed.Finally the applications of the model and its algorithm are illustrated with a practical example. References | Related Articles | Metrics

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Strategy on Optimal Energy Efficiency of the Merger and Acquisitions of Industrial Groups XIAO Tiao-jun, SHENG Zhao-han 2000, (4):  64-68.  Abstract ( 2011 )   PDF (1048KB) ( 1885 )   Save This paper analyzes optimal energy efficiency of the merger and acquisitions of industrial groups by introducing the views on the optimal ways in which animals search for food originally,bringing forward optimal strategy.First of all,the paper gives basic assumptions of models.Secondly,it sets up the models which discuss optimal strategy for merging an upstream firm and a downstream firm,respectively,and gives the sufficient conditions for increasing energy efficiency.Finally,it sets up the model which discusses horizontal mergers and gives the sufficient conditions for increasing energy efficiency and presents an example to illustrate how to make decision.The results of it can be applied to the merger and acquisitions of industrial groups in China. References | Related Articles | Metrics

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Study on Optimum Control Model of Resource Allocation YIN Ke-dong 2000, (4):  69-74.  Abstract ( 2197 )   PDF (1405KB) ( 2653 )   Save In view of the current condition of capital shortage and the labor resource surplus in China,this paper startin,from the inherent rule and the long term trend of the economic development,sets up the optimal control model of resource allocation in the process of economic growth.And through empirical analysis,the paper probes the effective way of economic growth under the various kinds of resource allocation restriction,makes reference to draw the policy of economic growth planning and to allocate the resources in optimum. References | Related Articles | Metrics

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Pondering over some fundamental problems Associated with performance appraisal YANG Jie, FANG Li-luo, LING Wen-quan 2000, (4):  75-81.  Abstract ( 2241 )   PDF (984KB) ( 2393 )   Save Based on reviewing the theoretical research and practice,three fundamental problems associated with performance appraisal were carefully analyzed as follows: (1) the selection of the appraisal standards; (2) the construction of the performance measures; (3) the meaning and methods of integrating different performance measures.Some personal views were firstly put forward. References | Related Articles | Metrics