Total quality management, now a well known idea, is a philosophy of management for continuously improving the quality of products and processes. The idea is that the quality of products and processes is the responsibility of everyone who is involved with the development and/or use of the products or services. TQM involves management, workforce, suppliers, and even customers, in order to mee…
When the first edition of my book appeared in 1993, quality was a new subject. My prefaces to the first and second editions of this book were aimed at persuading sceptical educationalists to embrace total quality management. I wanted to extol the virtues of TQM and to introduce the world of education to the then somewhat alien concept of quality assurance.
At a time when the United States faces tremendous pressure from global competition, and the voices of external customers are growing louder and stronger, the quest for quality has never been more urgent. The very survival of organizations is acutely in jeopardy. The notion of quality has gone from being a socially provocative one to being a deliberate strategy for long-term viability. In t…
Econometric modelling has long been an integral part of the academic and policy- making scene in Singapore and has contributed in important ways to enhancing our understanding of key relationships and interlinkages in the economy. This in turn has formed the basis for deeper and more valuable discussions of macroeconomic policy issues. Indeed, the practice of econometric modelling has evolved …
where f is the objective function, x represents the decision variables, and Θ is the feasible region or constraint set. All of the chapters with the exception of the final one basically address this problem in some form. As in the deterministic optimization domain, one dichotomy is whether the decision variables are discrete (ordered or unordered, finite or infinite) or continuous, or a mixt…
This book presents the main macroeconomic models used in the central banks of the euro area. These include models of individual countries, multi-country models and aggregate euro-area models. In my view the important contribution of this volume is that it is the first attempt to provide a systematic comparison of these models in terms of their structures, main features and properties. In line w…
In recent years economists have come to realise that social norms and norm-driven behaviour – such as notions of fairness, willingness to be generous towards strangers or cooperate with them, willingness to trust strangers and reciprocate others’ trust – play a crucial role in a variety of economic transactions and have implications for economic theories. There have been a lot of innovati…
We have entered a new era in the evolution of organizational life in which all of us can be agents capable of transforming the direction and flow of events. The immense forces of the technological, societal, and global changes resulted in a variety of new terms and labels that attempted to capture the changing work-life reality: post-industrial society, the information revolution, the postc…
Accordingly, my strong hypothesis going into this research project was that the emphasis on short-term budgetary targets – a pivotal aspect of the slightly clumsy term Reliance on Accounting Performance Measures (RAPM) – is one key barrier to a strong long-term growth orientation of the management at the researched company.
Modeling Count Data is written for the practicing researcher who has a reason to analyze and draw sound conclusions from modeling count data. More specifically, it is written for an analyst who needs to construct a count response model but is not sure how to proceed.
This book is a volume in the Econometric Exercises series. It teaches principles of Bayesian econometrics by posing a series of theoretical and applied questions, and providing detailed solutions to those questions. This text is primarily suitable for graduate study in economet- rics, though it can be used for advanced undergraduate courses, and should generate interest from students in relat…
The objective of econometrics is to study economic phenomena using statistical observations. Econometrics formalizes the economic theory in the form of relationships (models) whose unknown elements are determined by the available data. Econometrics quantifies and tests economic theories and makes those theories operational through forecasting or simulation of the impact of political or economic…
Recent years have seen a marked increase in the mathematical sophistication of econometric research. While the theory of linear parametric models which forms the backbone of the subject makes an extensive and clever use of matrix algebra, the statistical prerequisites of this theory are comparatively simple. But now that these models are pretty thoroughly understood, research is concentrated in…
Energy is today, more than ever, at the core of the world economy and its evolution. One of the major challenges of the century is to generate more energy, to facilitate access to energy and economic development of the poor, but also to manage climate change properly in a perspective of sustainable develop- ment. The growing importance of energy matters in the daily functioning of the world eco…
This review is a primer for those who wish to familiarize themselves with nonparametric econometrics. Though the underlying theory for many of these methods can be daunting for some practitioners, this article will demonstrate how a range of nonparametric methods can in fact be deployed in a fairly straightforward manner. Rather than aiming for encyclopedic coverage of the field, we shall res…
This book collects a series of essays to celebrate the work of David Hendry: one of the most influential of all modern econometricians. David’s writing has covered many areas of modern econometrics, which brings together insights from economic theory, past empirical evidence, the power of modern computing, and rigorous statistical theory to try to build useful empirically appealing models.…