The paper develops a view on the history and future of working capital programs and focuses on the state of the art in four remarkable years： 1900, 1930, 1960, and 1990. In these years, an operations approach, an acc...The paper develops a view on the history and future of working capital programs and focuses on the state of the art in four remarkable years： 1900, 1930, 1960, and 1990. In these years, an operations approach, an accounting approach, an economic approach, and a capital market approach, respectively, were prevalent. The paper shows that all of the approaches have their merits for today＇s working capital management （WCM） programs and discusses useful working capital program indicators, taking into account the cash conversion cycle （CCC） and its delineation into accounts receivables （A/R）, inventory, and accounts payables （A/P） periods. This enables the author to take step ahead to the magic year 2020. Finally, the paper discusses briefly an academic development agenda.展开更多
Environmental awareness is going deeply into the hearts of people in nowadays. Interior environment design of buildings is one of the manifestations of life quality, and furniture is one of the important elements comp...Environmental awareness is going deeply into the hearts of people in nowadays. Interior environment design of buildings is one of the manifestations of life quality, and furniture is one of the important elements composing interior design. In order to realize using the lowest cost to enjoy the best home life, the paper discusses sustainable design methods from different perspectives, and uses science and technology to integrate art, culture and nature. For the development status of furniture market, the paper researches how to solve the problems faced by furniture market by sustainable design, for achieving continuable, recycle and recoverable objective to control cost and enrich home life of consumer.展开更多
Make up for deficiencies in the economic development of market mechanisms through macro-control method. Although the market plays a fundamental role in resource allocation, in other means of regulation it plays an irr...Make up for deficiencies in the economic development of market mechanisms through macro-control method. Although the market plays a fundamental role in resource allocation, in other means of regulation it plays an irreplaceable role in regulating the economy, the management of economic activities. However, by the market ＂invisible hand＂ spontaneous adjustment, there is ＂market failure＂ problem. Market self-regulation mechanisms inevitable cyclical economic fluctuations and economic crisis, the impact of a sustained and stable economic growth will lead to a waste of resources, environmental degradation is caused, but also it produces uneven regional development, causing social polarization between rich and poor, etc. Public goods such as ecological environment should be through legal means, rather than a means to implement the healthy development of the market environment.展开更多
文摘The paper develops a view on the history and future of working capital programs and focuses on the state of the art in four remarkable years： 1900, 1930, 1960, and 1990. In these years, an operations approach, an accounting approach, an economic approach, and a capital market approach, respectively, were prevalent. The paper shows that all of the approaches have their merits for today＇s working capital management （WCM） programs and discusses useful working capital program indicators, taking into account the cash conversion cycle （CCC） and its delineation into accounts receivables （A/R）, inventory, and accounts payables （A/P） periods. This enables the author to take step ahead to the magic year 2020. Finally, the paper discusses briefly an academic development agenda.
文摘Environmental awareness is going deeply into the hearts of people in nowadays. Interior environment design of buildings is one of the manifestations of life quality, and furniture is one of the important elements composing interior design. In order to realize using the lowest cost to enjoy the best home life, the paper discusses sustainable design methods from different perspectives, and uses science and technology to integrate art, culture and nature. For the development status of furniture market, the paper researches how to solve the problems faced by furniture market by sustainable design, for achieving continuable, recycle and recoverable objective to control cost and enrich home life of consumer.
文摘Make up for deficiencies in the economic development of market mechanisms through macro-control method. Although the market plays a fundamental role in resource allocation, in other means of regulation it plays an irreplaceable role in regulating the economy, the management of economic activities. However, by the market ＂invisible hand＂ spontaneous adjustment, there is ＂market failure＂ problem. Market self-regulation mechanisms inevitable cyclical economic fluctuations and economic crisis, the impact of a sustained and stable economic growth will lead to a waste of resources, environmental degradation is caused, but also it produces uneven regional development, causing social polarization between rich and poor, etc. Public goods such as ecological environment should be through legal means, rather than a means to implement the healthy development of the market environment.
