This paper develops a reinvestment strategy for private equity which aims to keep its portfolio weight equal to a desired strategic allocation, while taking into account the illiquid nature of private equity. Historical simulations (1980-2005) show that our dynamic strategy is capable of...

In this paper, we explore the factors that determine the longevity of firms. Five central factors were distilled from the literature: position in the supply chain, the nature of the technology used, structure, culture, and financial policy. We made an extensive case-study of the Dutch storage...

In a recent paper, Fisher et al. (2001) present a method to mitigate end-effects in lot sizing byincluding a valuation term for end-of-horizon inventory in the objective function of the short-horizon model. Computational tests show that the proposed method outperforms the Wagner-Whitin algorithm...

This paper reviews the empirical literature on the determinants of the choice by multinational enterprises between entering foreign countries through greenfields or acquisitions. We discuss and compare the main theoretical perspectives used, provide a detailed overview of the empirical findings,...

Legal Origin Theory is applied to Reform China’s legal system in order to create a development model for a national legal system influenced by multiple legal families. Utilizing an extensive literature review and assessment of national laws affecting property rights, the model depicts how...

Many product innovation studies have described key determinants that should lead to successful incremental product innovation. Despite numerous studies suggesting how incremental product innovation should be successfully undertaken, many firms still struggle with this type of innovation. In this...

Steel structures such as bridges, tanks and pylons are exposed to outdoor weathering conditions. In order to prevent them from corrosion they are protected by an organic coating system. Unfortunately, the coating system itself is also subject to deterioration. Imperfect maintenance actions such...

This paper reviews the progress that has been made over the past decade in understanding the nature of the various multilateral in- ternational comparison methods. Fifteen methods are discussed and subjected to a system of ten tests. In addition, attention is paid to recently developed methods...

Recently, a Competitive Exception Learning Algorithm (CELA) was introduced [1, 2]. This algorithm establishes an optimal mapping from a (continuous) M-dimensional input sample space to an N-dimensional (continuous) output sample space. CELA is aimed to discover regimes (i.e. local behavior in...

Telephone waiting times for a commercial service were varied in two different experiments. In the first experiment, the telephone rate was either zero or fixed at Dfl.1.- (approx. $0.40) per minute. Consumer perceptions of waiting times could be described best by a psychophysical power function....