We provide analytic models for which the appropriate statistics of the trading the line strategy, Nh, can be derived in closed form. In particular, we provide closed-form expressions concerning the average duration of the open position, E(Nh), the variance of the open duration, Var(Nh), the...

This paper focuses on evaluation of the firm's ability to implement a newly proposed advanced manufacturing system (AMS), i.e., humanised flexible manufacturing system (HFMS). Methodology based on digraph and matrix approach has been utilised for finding the index of fitness (IOF) for transition...

Total Quality Management (TQM) is a philosophy that delivers long-term benefits in terms of profitability, customer satisfaction and quality of products. Different organisations work for TQM implementation and utilise their resources to achieve the anticipated benefits. However, it is generally...

Diversification in agriculture is considered as an important means for rapid economic growth and development in the hilly state of Himachal Pradesh. It includes shift in cropping pattern, i.e., growing high-value crop in place of traditional crops, and adoption of allied activities like dairy,...

The paper focuses to identify various critical success factors that could influence the implementation of newly proposed manufacturing system i.e., humanised flexible manufacturing system (HFMS), and develop a framework to manage them. Interpretive structural modelling (ISM) is used to depict...

This article presents a comprehensive methodology for the selection of a logistic service provider. The proposed methodology consists of two parts: (i) preliminary screening of the available providers, and (ii) analytic network process (ANP)-based final selection. The criteria, which are...

The aim of this article is to identify the key parameters of effective value-chain management in an information technology-driven industry. Further, the article aims to elucidate the hierarchical relationship among the parameters to facilitate focused interventions at ‘strategic’,...

Global warming is an alarming issue for the whole humanity. The manufacturing and food supply chains are contributing significantly to the large-scale carbon emissions. Beef supply chain is one of the segments of food industry having considerable carbon footprint throughout its supply chain. The...

This study aims to determine the value of vendor-managed inventory (VMI) over independent decision making with information sharing (IS) under non-stationary stochastic demand with service-level constraints. For this purpose, we utilize mixed-integer linear programming formulations to quantify...

A stable and efficient banking sector is an essential precondition to increase the economic level of a country. This paper tries to model and evaluate the efficiency of 50 Indian banks by using Data Envelopment Analysis (DEA). DEA is capable of handling multiple inputs and outputs and the...