THE EVOLUTIONIST ECONOMICS OF LÉON WALRAS

During the last decade the literature on Léon Walras has expanded enormously and, if the signs are right, there is more to come. Undoubtedly, the increased attention for the work of Walras has a lot to do with the increased accessibility of the work through the publication of the collected works by the Centre Walras at the University of Lyon and the archival work at the Centre Walras & Pareto…

Strategic Procurement

‘We spend how much?’ is a cry I have often heard from a senior executive the first time he or she finds out the true extent of his or her company’s third-party expenditure. Years ago, I asked the group finance director of a leading UK financial services company how much his organization spent with suppliers. He said that he didn’t know but that it wasn’t much because, ‘we don�…

PUBLIC TECHNOLOGY PROCUREMENT AND INNOVATION

In this volume we discuss theory, evidence, and policy perspectives concerning the use of public technology procurement as an instrument of innovation policy. Public technology procurement (as defined in Chapter 1, part I), occurs when a public agency places an order for a product or system that does not yet exist, requiring technological innovation for the order to be met. The most extens…

The Routledge Companion to International Human Resource Management

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978–0-415–63604–9

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The Routledge Companion to International Human Resource Management

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Strategic Sourcing in the New Economy

The metaphor of dwarfs standing on the shoulders of giants expresses the meaning of discovering truth by building on previous discoveries. Although it is originally attributed to Bernard of Chartres in the twelfth century, Isaac Newton popularized the concept in 1676. The concept is as relevant for us today as it was for Newton in the seventeenth century. Since the early 1980s, pioneering…

THE DISTRIBUTIVE POLITICS OF MILITARY PROCUREMENT

This book is about an anomaly in political scientists’ understanding of congressional policy making. Distributive politics theory, which has been called the dominant theoretical approach to congressional politics (Krehbiel 1991), purports to account for the geographic distribution of the benefits of any policy that is paid for from general tax revenues and can be subdivided easily and al…

ENHANCING PROCUREMENT PRACTICES

Authors usually struggle with finding the right way of presenting the subject matter of their book, because it is not an easy job to guide the readers through a large number of closely interrelated issues in a really effective and enjoyable manner. This is particularly true in case of addressing procurement since many of the work processes to be described are of iterative nature. It means …

E-Procurement in Emerging Economies

Over the last couple of years, e-procurement has received tremendous attention from researchers and practitioners alike. However, research on e-procurement is still scarce and scattered. This chapter looks into prior research on inter-organizational information systems (IOIS), electronic data interchange (EDI), channel management, and procurement to develop a research framework and identif…

PURCHASING

To most hospitality students, the term “purchasing” means paying for an item or service. This conveys a far too restrictive meaning because it fails to suggest the complete scope of the buying function. Perhaps the terms “selection” and “procurement” are better. “Selection” can be defined as choosing from among various alternatives on various levels. For example, a buyer ca…

Purchasing Selection and Procurement for the Hospitality Industry

There is not a single job in the hospitality industry that does not involve purchasing in one way or another. A flight attendant must keep careful inventories of bottled water and soft drinks to know how much to request for restocking. The manager of a hotel must be able to find the best price for laundry detergent in a reasonable quantity for her size operation. An accountant for a hotel c…

E-Procurement

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978-3-8348-0269-9

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Investment, Procurement and Performance in Construction

This paper discusses the types of property investment vehicles available, high-lights the different valuation techniques used for direct and indirect property investments, and looks at the implications for property investment vehicles and valuation techniques. It discusses the opportunities and threats facing chartered surveyors given the changing nature of the property market. Keywords: …

Classical Econophysics

This monograph examines the domain of classical political economy using the method- ologies developed in recent years both by the new discipline of econo-physics and by computing science. This approach is used to re-examine the classical subdivisions of political economy: production, exchange, distribution and finance. The book begins by examining the most basic feature of economic life – pr…

ENTREPRENEURIAL ECONOMICS

Would you rather live in a world without blood transfusions or a world without maritime insurance? Blood transfusions are dramatic and memorable (which is why we see them on prime-time hospital shows), while the facilitation of commerce through risk sharing is routine and easily taken for granted. But I'd be willing to bet that by almost any measure, three centuries of organized insurance marke…

Neuroscience and the Economics of Decision Making

In the last two decades there has been a flourishing of research carried out jointly by economists, psychologists, and neuroscientists. This meltdown of barriers between competences has led toward original approaches to investigate the mental and cognitive mechanisms involved in the way the economic agent col­lects, processes, and uses information to make choices. This research field involves …

Strategic Procurement in Construction

This book has been written in order to contribute to the debate about best practice in construction procurement. At the outset it should be made plain that the authors do not subscribe to the view that there is any such thing as best practice. The main argument in this book is that there can never be a best practice, only better practice, in construction procurement. The reason for arrivi…

PUBLIC PROCUREMENT AND THE EU COMPETITION RULES

Public procurement and competition law are both important fields of EU law and policy, intimately intertwined in the creation of the internal market. Hitherto their close connection has been noted, but not closely examined. Th is work is the most comprehensive attempt to date to explain the many ways in which these fields, oft en considered independent of one another, interact and overlap i…

Building Procurement

'Building procurement' has become a fashionable subject. It seems that hardly a week goes by without my receiving a note that a student is writing a dissertation on an apparently new angle to the subject or that a course, conference, seminar or whatever is offering to explain the challenge of con struction procurement now and in the future. Consultancies and contractors who should know bet…

Building Procurement

An essential question to ask before embarking on any exercise or enterprise beyond that of the transitory or trivial is 'Why?' An exercise, that is a set of movements, tasks and so on designed to train, improve or test abilities may perhaps be transitory or trivial especially to those not involved. But an enterprise, that is a project or undertaking especially one requiring boldness or eff…

An Introduction to Mathematics for Economics

The material in the main text ranges from a revision of high-school mathematics to applications of calculus (single-variate, multivariate and integral) to economics and finance. For example: linear and quadratic functions are introduced in the context of demand and supply analysis; geometric sequences, exponential and logarithmic functions are introduced in the context of finance; single-variat…

HUMAN RESOURCE MANAGEMENT: GAINING A COMPETITIVE ADVANTAGE

Starbucks’, the Seattle-based coffee store mission is to inspire and nurture the human spirit: one person, one cup, and one neighborhood at a time. The company is well-known for its ethical sourcing of coffee from farmers all over the world, environmental stewardship (by 2015 all cups will be reusable or recyclable), and community involvement through volunteer work in neighborhoods wh…

CONTEMPORARY STRATEGY ANALYSIS

Strategy is about winning. This chapter explains what strategy is and why it is important to success—both for organizations and individuals. We will distinguish strategy from planning. Strategy is not a detailed plan or program of instructions; it is a unifying theme that gives coherence and direction to the actions and decisions of an individual or an organization. The principal task of…

PERFORMANCE / RISK INTEGRATION MANAGEMENT MODEL

In "Analyzing strategic Risks," we focus on industry dissonance, that is, the risk that an organization is executing an obsolete strategy. In "Maximizing the value of Competitive Itelligence, we focus on both market exploitation opportunities and industry dissonance.

A GUIDE TO DIRECTORS OF HOMELAND SECURITY, EMERGENCY MANAGEMENT, AND MILITARY…

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A GUIDE TO DIRECTORS OF HOMELAND SECURITY, EMERGENCY MANAGEMENT, AND MILITARY DEPARTMENTS IN THE STATES AND TERRITORIES OF THE UNITED STATES

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NO ANIMAL FOOD AND NUTRITION AND DIET WITH VEGETABLE RECIPES

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NO ANIMAL FOOD AND NUTRITION AND DIET WITH VEGETABLE RECIPES

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AWS Security Best Practices

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AWS Security Best Practices

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Accountants for small business

The small and medium-sized enterprise (SME) sector is a major employer of finance professionals. Although relatively few ACCA members’ careers start in SMEs, 45% have at some point in their lives worked for an SME. ACCA has long recognised this – and in 2013 it is launching ‘Accountants for Small Business’, a campaign aiming to raise awareness of the value of professional accountants i…

Executive guide to Project Management

When what organizations do is not exclusive, how they do it becomes a competitive advantage, and the lingering effects of the global economic meltdown only reinforce the value of project management. Organizations that value project management understand that the contributions of professional project managers increase project success rates, create efficiencies and improve alignment with org…

ECONOMICS OF INFORMATION SECURITY

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ECONOMICS OF INFORMATION SECURITY

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Why Did Europe Conquer the World

Imagine that a time machine could carry you back to the year 900 and land you anywhere on earth for an extended stay. Where would you go live? As you consider the possibilities, you might want a bit of useful advice—namely, avoid western Europe at all costs.1 Why reside there, when it was poor, violent, politically chaotic, and by almost any yard- stick, hopelessly backward? There were no ci…