Table of Content

28 December 2003, Volume 11 Issue 6 Previous Issue    Next Issue

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On Quantity Decision Method of Indexed National Bond SUN Wei, WANG Ying-luo 2003, (6):  1-4.  Abstract ( 2122 )   PDF (1437KB) ( 1666 )   Save The indexed national bond is the new variety used recently in the western countries.The optimal quantity decision of indexed national bond in the total scale of national bonds depends on the dynamic games between the authority and investors.The paper has set up the dynamic game model for the quantity decision of indexed national bond and found the ways to make the quantity decision of indexed national bond on the condition of time consistence,time inconsistence and the interference of the Central Bank.It got the conclusion that the optimal quantity of the indexed national bond in the case of time inconsistence is more than that in the case of time consistence,in addition,the accurate quantity will be obtained if considering the game between Department of Finance and Central Bank.The above results will set the foundation for the introduction of the indexed nation bond in China. References | Related Articles | Metrics

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IPOs Pricing and Underpricing of the Stated-Owned-Holding Company DU Jun-tao, ZHOU Xiao-hua, YANG Xiu-tai 2003, (6):  5-8.  Abstract ( 2193 )   PDF (1759KB) ( 1741 )   Save On the basis of the asymmetry information,the concept of holding rent is introduced to this article with respect to the character of the corporate governance in our conuntry.According to the modeling and deducing,this paper gives the expression of the optimal offering price,and concludes that the underpricing of new issues is equilibrium between the company and the govermment.The equilibrium can guarantee the success of IPOs of the stated-owned-holding company and the government to optimize the utility under the bundle. References | Related Articles | Metrics

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Risky Multiobjective Decision-Making Theory and Its Application YU Yi-bin, WANG Ben-de, LIU Peng, LI Wei 2003, (6):  9-13.  Abstract ( 2187 )   PDF (1619KB) ( 2028 )   Save The multiobjective decision-making problem under risk is common in reality.This paper focuses on the study about risky multiobjective decision-making problem where the objective value is not certain.Risky objectives classifying method and objectives normalizing formula are given.Based on probability theory and fuzzy theory,the alternative relative optimal membership degree is obtained through building objective function that minimizes integrative weighted distance from best and worst alternative.Then the method how to determine objective weight is proposed.This method provides a new idea and approach for solving multiobjective decision-making problem among uncertain system,which is applicable for practical problem.Finally a case study in water resources system showed a satisfactory result. References | Related Articles | Metrics

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Study on the Transfer Pricing of Firm under Asymmetric Information MU Yin-ping, TANG Xiao-wo, MA Yong-kai 2003, (6):  14-19.  Abstract ( 2048 )   PDF (2294KB) ( 1519 )   Save This paper analyses the transfer pricing of firm under asymmetric information.The paper defines the discriminated transfer pricing method,which is while the upstream division has monopoly power on intermediat products,firm should allocate the decision authority to divisions.And divisions set discriminated price according different demand of internal and external.Comparing with the market transfer pricing and marginal cost transfer pricing,the paper draws the conclusion that discriminated transfer pricing can improve the total profit of the firm under asymmetric information. References | Related Articles | Metrics

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On Optimization Decision-Making of One Purchase and Sale Problem YAO Zi-gao, WANG De-ying 2003, (6):  20-24.  Abstract ( 2103 )   PDF (841KB) ( 1410 )   Save A kind of purchase and sale problem that purchase and sale environment can’t satisfy conditions of EOQ storage strategy is discussed from perspective of practice.For the two cases of loan plenty and loan shortage,algorithm for solving optimazation problem,which draw up varied optimization decision-making of one purchase and sale project,is given. References | Related Articles | Metrics

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A Study of the Stochastic Inventory Model Based on Equipment Criticality ZHANG Jin-long, CHEN Tao, WANG Lin, BAO Yu-kun 2003, (6):  25-28.  Abstract ( 2237 )   PDF (1141KB) ( 2488 )   Save According to the influence caused by the disabled equipment that a spare part was installed,demand for spare parts could sometimes be classifieded into critical and non-critical demands.This paper dealt with a stochastic inventory model with Poisson demand,a deterministic lead time and a lot-for-lot stocking policy.We put forth a new policy where some of the stock was reserved for critical demand and had derived an algorithm to approximate the service levels for both classes of demand.The case study of a power plant showed the advantages of using the new policy. References | Related Articles | Metrics

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Research on Linear Transfer Payment Incentive Mechanism of One Kind of Supply Chain TANG Hong-xiang, HE Jian-min, LIU Chun-lin 2003, (6):  29-34.  Abstract ( 1962 )   PDF (1479KB) ( 1650 )   Save Proper contract is used as an important way to coordinate supply chain.In a supply chain composed of one retailer and one supplier,the sales promotion effort level of a retailer has a big effect on supply chain efficiency.In this paper a linear transfer payment incentive mechanism is designed,and it is proved that with the mechanism the retailer will exercise the supply chain optimized sales promotion effort level,and the profit of the supply chain will get better,and the allocation of the added profit is decided by the bargain power of the retailer and supplier. References | Related Articles | Metrics

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Critical Chain Project Management Based on PERT/CPM CAI Chen, WAN Wei 2003, (6):  35-39.  Abstract ( 2592 )   PDF (1726KB) ( 3681 )   Save Network Scheduling Technology is one of the most important parts of Project Management(PM).Based on the analysis of PERT/CPM,the Theory of Constraint(TOC) is introduced and a completely-new explanation to three-point estimation is given,which overcomes the shortage of traditional three-point estimation in PERT.In this new explanation,the application of TOC in PM is intituled Critical Chain Project Management(CCPM),which emphasizes controlling Critical Chain in the execution of project.Further about how to control the Critical Chain,a new method based on three-point estimation will be drawn,and by an example,we will prove that this method is equal to or more effective than PERT/CPM. References | Related Articles | Metrics

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A Multi-Objectives Decision Model of Initial Emission Permits Allocation LI Shou-de, HUANG Tong-cheng 2003, (6):  40-44.  Abstract ( 1913 )   PDF (1813KB) ( 2377 )   Save Based on principles of economy optimization, fair and production continuity,this paper gives a decision model of initial emission permits allocation,and discusses the character of the model. References | Related Articles | Metrics

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Evaluation of Relative Efficiency for Plant Maintenance in Manufacture LIU Jian, YU De-jie, LI De-gang, YUAN Shao-hui 2003, (6):  45-49.  Abstract ( 1985 )   PDF (1063KB) ( 1720 )   Save In this paper a method based on data envelopment analysis (DEA) is proposed to evaluate the relative efficiency of plant maintenance.In the method,a systematic functional model is built to analyze the imput/output of plant maintenance,which is processed as a service system,and DEA is applied as a calculating model for plant maintenance evaluation.The method fulfills the systemic and impersonal demand in plant maintenance evaluation and its validity and reliability are demonstrated by the application in a petrochemical enterprise. References | Related Articles | Metrics

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Fuzzy Programming Method of Enterprise Value Chain Optimization QIAO Zhong, LI Ying-bo 2003, (6):  50-54.  Abstract ( 2268 )   PDF (1370KB) ( 1661 )   Save Throgugh expounding the structure and optimization goal of an enterprise value chain,the paper analyzes the necessity of using fuzzy programming model for value chain optimization,sets up the fuzzy linear programmer model of an enterprise value chain optimization.Finally it gives a numerical value calculating example and outcome analysis as an example of saloon enterprises.The utility of this method is proved in terms of aplying research in an enterprise value chain optimization. References | Related Articles | Metrics

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Enterprise Satisfaction and Characteristics of Supply Chain WANG Li-hu, SHENG Zhao-han, CHEN Guo-hua 2003, (6):  55-60.  Abstract ( 1975 )   PDF (1163KB) ( 1332 )   Save In recent years,customer satisfaction (CS) has attracted many researchers’ interests,its study has come down to the field of the mechanism, evolutionary trend, influence on the marketing strategy and loyalty of the customer to enterprise,etc..But few people study the CS in industrious markets and related problems from the viewpoint of the enterprise consumption.The paper,from the viewpoint of the relationship of sale and consumption between enterprises,brings forward the concept of Enterprise Satisfaction(ES) in the supply-chain and studies the behavior characteristics of ES and its influence on the transfer of expectations in the supply-chain.The conclusion is that the managerial level and the state of ES are closely related to the transfer of CE in the supply-chain. References | Related Articles | Metrics

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Asymmetric Multiple-Object Auctions WANG Yan, LI Chu-lin 2003, (6):  61-65.  Abstract ( 2092 )   PDF (930KB) ( 2305 )   Save In a sequential English auction,a seller with two objects faces a group of bidders who are subject to different budget constraints.With the objects that may be either complement or substitutes or unrelated in a simple complete information setting,we consider the bidders’ equilibrium bidding strategies in different cases.We find it’s a weakly dominant strategy to sell the more valuable object first. References | Related Articles | Metrics

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Analysis on Dynamic Change of Rough Sets and Its Application CUI Yu-quan, SHI Kai-quan 2003, (6):  66-70.  Abstract ( 2083 )   PDF (2186KB) ( 1784 )   Save This paper studies dynamic specific property of rough sets.For describing dynamic change degree of rough sets more exactly,this paper introduces the concept of the degree of structure divergence,the degree of nestling up and the degree of complexity.It gives out the property of the degree of structure divergence and the degree of nestling up.It reflects the dynamic change degree of rough sets using the concept of the degree of complexity.Finally,it gives out applied background and an example. References | Related Articles | Metrics

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Positive Research of SMC Models in IT Distribution Market Industry QI Jia-yin, LI Huai-zu, SHU Hua-ying, QIN Liang-juan 2003, (6):  71-76.  Abstract ( 2142 )   PDF (1593KB) ( 2335 )   Save SMC model is a group of models to forecast customer’s buying behaviors and it was put forward in 1987.There are few positive researches and applications of SMC model for shortage of customer data and its complexity.To choose IT distribution market industry as background,a positive research is done in this paper.Digital China is the biggest company in China’s IT distribution market.Digital China’s customer data sample is used in this paper.The conclusion is that SMC model does work in IT distribution market industry Also,the revisal advice for SMC is put forward to meet different type of customer behavior. References | Related Articles | Metrics

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Efficiency Measurement for the Emphasis Subjects Based on DEA GUO Xin-li 2003, (6):  77-80.  Abstract ( 2237 )   PDF (776KB) ( 2154 )   Save In order to strengthen the development of education,science and technology,the Education Department of China takes the efficiency measurement for the emphasis subjects.As we consider the academic level,the benefit of subject is also emphasized.On the basis of DEA, we propose a model of efficiency measurement for the emphasis subjects.According to the input data and output data from different universities,we get the conclusion whether they are efficient or not.In summary,the model we proposed can estimate the benefit level of different universities,and give out the advise from the point of improvement as well. References | Related Articles | Metrics

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A Re-Analysis to GDP-Spillovers in China’s 3 Areas LIU Li, WANG Zheng, WANG Ying, HE You-yuan, LIU Hai-yan 2003, (6):  81-85.  Abstract ( 2780 )   PDF (1484KB) ( 1987 )   Save in this paper,the 3 spillover theories were used to analyze the development problem,some theories include GDP spillover model,knowledge spillover model and spatial interaction model,the spilover machine among 3 areas is in discussion.The modeling and simulation show: 1.The economic contact of 3 districts in China is severely,and the GDP increase to other region is promotive function.On the average meaning,western area is the most positive in 1990’s,until 1997 eastern area become positive get up. 2.On the average meaning,East China is a center of knowledge spillover and sink of population current,so that,China need develop East China in knowledge based economy. 3.Under regions spilling mightily,western China and center China must establish new specialization economy,but to be imitative of East China. References | Related Articles | Metrics

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Studies on Knowledge Source Model and Management of Knowledge Acquisition and Knowledge Transferring Process CHEN Guo-quan 2003, (6):  86-94.  Abstract ( 2241 )   PDF (1921KB) ( 2312 )   Save How to effectively acquire and transfer knowledge is a very important problem for everybody.Knowledge acquisition and knowledge transferring hve been regarded as a natural behavior but not been studied from a special and systematic perspective.From the author’s pint of view,both the knowledge acquisition and transferring could be managed.The knowledge source model has been put forward in the paper which consists of four methods as experiencing,communicating,reading and reflecting.The specific steps and key points for using each kind of method are developed to improve both the efficiency and effectivieness of the knowledge acquisition and transferring.Based on the knowledge source model,two processes for managing both the knowledge acquisition and transferring have been developed. References | Related Articles | Metrics

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A Preliminary Study of Chinese Enterprise’s Learning Orientation YU Hai-bo, FANG Li-luo, LING Wen-quan 2003, (6):  95-100.  Abstract ( 2143 )   PDF (860KB) ( 1916 )   Save The study of organizational learning orientation can help to understand and develop organizational learning process,so as to improve organizational learning capacity.An empirical study shows that Chinese enterprises learning orientation includes five factors,which are knowledge source,learning effect,learning scope,learning focus,and dissemination mode.There is no extremity on every Chinese enterprise’ learning orientation,but they emphasize the internal knowledge source,incremental learning,and group learning.Chinese enterprises’ learning style can be called continuous improvement or community of practice. References | Related Articles | Metrics