The objective of this study is to examine the market valuation of environmental capital expenditure investment related to pollution abatement in the pulp and paper industry. The total environmental capital expenditure of $8.7 billion by our sample firms during 1989-2000 supports the focus on...

The process of the evolution trajectory of the management logistics function is tracked in the context of the theory and practice of a networked approach to supply chain management (SCM). Issues around the main competitive forces are driving reforms in deregulation, globalisation, and...

Assessing fiscal sustainability – i.e. considering whether or not a country can maintain its current fiscal policies without running into solvency problems and possible default – requires projections on a government's future revenue stream, expenditures and contingent liabilities within a...

A jump diffusion model coupled with a local volatility function has been suggested by Andersen and Andreasen (2000). By generating a set of option prices assuming a jump diffusion with known parameters, we investigate two crucial challenges intrinsic to this type of model: calibration of...

Traceability has become an essential business function to consistently supply quality and safe food products to consumers. However, it has been not rare that the efforts in traceability are separately made from routine operations management decisions. In this paper, an integrated optimisation...