Operation and Supply Chain Management
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- ItemMathematical analysis of civil litigation and empirical research of corporate governance(Sciendo, 2022) Liu, Junling; Formaneck, StevenIn addition to reducing R&D investment and changing senior managers or corporate name, the significant uncertainty and reputation shock brought by civil litigation may also have a vital impact on corporate governance of the sued company. We use A-share listed companies in Shanghai and Shenzhen stock exchanges from 2011 to 2018 to empirically examine the impact of civil litigation on corporate governance and its mechanism. It is found that, civil litigation is negatively correlated with corporate governance, and financing liabilities (FL) play an intermediary role in the negative correlation. Furthermore, judicial local protectionism weakens the negative correlation between civil litigation and corporate governance. Finally we close with directions for future research. © 2021 Junling Liu et al., published by Sciendo 2021.
- ItemSupply chain risk network value at risk assessment using Bayesian belief networks and Monte Carlo simulation(Springer, 2022) Qazi, Abroon; Simsekler, Mecit Can Emre; Formaneck, StevenSeveral techniques have been proposed in supply chain risk management to capture causality among risks in a network setting and prioritize risks regarding their network-wide propagation impact. However, these techniques might be unable to capture the Risk Network Value at Risk (RNVaR), the maximum risk exposure expected at a given confidence level for a given timeframe, associated with individual supply chain performance measures within a network setting. With an exclusive focus on using point estimates in existing techniques, there is a risk of overlooking tail distributions and ignoring critical risks. In this paper, we aim to address this research gap by introducing new risk metrics and a new process theoretically grounded in Bayesian Belief Network and Monte Carlo Simulation frameworks. Integrating these two techniques helps establish the RNVaR that is associated with different performance measures and the relative importance of individual risks for resource allocation. We demonstrate the application of the proposed process through a real case study in the telecommunications industry and compare the results of this study with existing approaches. © 2022, The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature.
- ItemImpact assessment of country risk on logistics performance using a Bayesian Belief Network model(Emerald Group Holdings Ltd., 2022) Qazi, Abroon; Simsekler, Mecit Can Emre; Formaneck, StevenPurpose: This paper aims to assess the impact of different drivers of country risk, including business environment, corruption, economic, environmental, financial, health and safety and political risks, on the country-level logistics performance. Design/methodology/approach: This study utilizes three datasets published by reputed international organizations, including the World Bank Group, AM Best and Global Risk Profile, to explore interactions among country risk drivers and the Logistics Performance Index (LPI) in a network setting. The LPI, published by the World Bank Group, is a composite measure of the country-level logistics performance. Using the three datasets, a Bayesian Belief Network (BBN) model is developed to investigate the relative importance of country risk drivers that influence logistics performance. Findings: The results indicate a moderate to a strong correlation among individual risks and between individual risks and the LPI score. The financial risk significantly varies relative to the extreme states of the LPI score, whereas corruption risk and political risk are the most critical factors influencing the LPI score relative to their resilience and vulnerability potential, respectively. Originality/value: This study has made two unique contributions to the literature on logistics performance assessment. First, to the best of the authors’ knowledge, this is the first study to establish associations between country risk drivers and country-level logistics performance in a probabilistic network setting. Second, a new BBN-based process has been proposed for logistics performance assessment and operationalized to help researchers and practitioners establish the relative importance of risk drivers influencing logistics performance. The key feature of the proposed process is adapting the BBN methodology to logistics performance assessment through the lens of risk analysis. © 2021, Emerald Publishing Limited.
- ItemChitosan-phenylalanine nanoparticles (Cs-Phe Nps) extend the postharvest life of persimmon (diospyros kaki) fruits under chilling stress(MDPI AG, 2021-07) Nasr, Fahimeh; Pateiro, Mirian; Rabiei, Vali; Razavi, Farhang; Formaneck, Steven; Gohari, Gholamreza; Lorenzo, José M.There are high levels of damage imposed on persimmon fruit postharvest, especially after storing it in cold storage, which causes chilling injury (CI). To reduce this stress on the fruit, the conventional way is to use chemical treatments. Since there is a limitation in the use of chemical materials, it is necessary to apply non-harmful treatments to decrease chilling injury and maintain the quality of persimmon in cold storage. The aim of this study is to investigate the effects of chitosan-loaded phenylalanine nanoparticles (Cs-Phe NPs) (2.5 and 5 mM) on physiochemical and quality factors of persimmon (Diospyros kaki) during 45 days of storage at 4◦C (38◦F) and evaluate the impact of Cs-Phe NPs on the preserving quality in order to reduce the chilling injury of this fruit. The experiment was conducted using a completely randomized design with three replications. Treatments were applied at 15, 30, and 45 days after storage at 4◦C with ≥90% relative humidity. The size of Cs-Phe NPs was less than 100 nm, approximately. The results showed that application of 5 mM of Cs-Phe NPs delayed the negative effects of chilling stress and enhanced antioxidant capacity, firmness, and total soluble solids of persimmon fruit. Lower H2O2 and malonaldehyde (MDA) accumulation along with higher soluble tannin and total carotenoid accumulation in persimmon fruit treated with 5 mM Cs-Phe NPs was also observed. Fruit coated using Cs-Phe NPs in both concentrations (2.5 and 5 mM) showed the highest antioxidant enzyme activity for superoxide dismutase (SOD), catalase (CAT), and ascorbate peroxidase (APX) and the lowest for polyphenol oxidase (PPO) and chilling injury during storage. According to our results, 5 mM of Cs-Phe NPs could be considered as the best treatment under chilling-stress conditions. © 2021 by the authors. Licensee MDPI, Basel, Switzerland.
- ItemThe influence of linear feedback control suppression under the calculation of fractional financial system on the upgrading of high-tech industries(American Institute of Mathematical Sciences, 2021) Luo, Xiaoguang; Feng, Jiaying; Formaneck, StevenThe paper uses the panel smooth conversion fractional-order system model to divide the mechanism of financial development in high-Tech industries into two systems. At the same time, the article uses a continuous state to connect these two extreme situations to investigate the nonlinear characteristics of linear feedback control that inhibit the impact of financial development on high-Tech industries. Studies have shown that financial development under a low system has a significant role in promoting high-Tech industries. On the other hand, financial development under the high-level system has a restraining effect on high-Tech industries. There are dual-Threshold characteristics between the scale of financial development and the development of high-Tech industries. Firstly, the scale of financial development should be controlled within [0.553, 0.840]. Secondly, there is a single threshold between the level of financial development and the development of high-Tech industries, and the level of financial development should be controlled within 0.756. © 2021 American Institute of Mathematical Sciences. All rights reserved.