This paper presents an economic lot-sizing problem with perishable inventory and general economies of scale cost functions. For the case with backlogging allowed, a mathematical model is formulated, and several proper...This paper presents an economic lot-sizing problem with perishable inventory and general economies of scale cost functions. For the case with backlogging allowed, a mathematical model is formulated, and several properties of the optimal solutions are explored. With the help of these optimality properties, a polynomial time approximation algorithm is developed by a new method. The new method adopts a shift technique to obtain a feasible solution of subproblem and takes the optimal solution of the subproblem as an approximation solution of our problem. The worst case performance for the approximation algorithm is proven to be (4√2 + 5)/7. Finally, an instance illustrates that the bound is tight.展开更多
In the software engineering literature, it is commonly believed that economies of scale do not occur in case of software Development and Enhancement Projects (D&EP). Their per-unit cost does not decrease but increa...In the software engineering literature, it is commonly believed that economies of scale do not occur in case of software Development and Enhancement Projects (D&EP). Their per-unit cost does not decrease but increase with the growth of such projects product size. Thus this is diseconomies of scale that occur in them. The significance of this phenomenon results from the fact that it is commonly considered to be one of the fundamental objective causes of their low effectiveness. This is of particular significance with regard to Business Software Systems (BSS) D&EP characterized by exceptionally low effectiveness comparing to other software D&EP. Thus the paper aims at answering the following two questions: (1) Do economies of scale really not occur in BSS D&EP? (2) If economies of scale may occur in BSS D&EP, what factors are then promoting them? These issues classify into economics problems of software engineering research and practice.展开更多
The Vietnamese agricultural sector has experienced a dramatic structural change based on increased specialization in rice cultivation.However,small-scale rice-farmers have continued to grow multiple crops,especially i...The Vietnamese agricultural sector has experienced a dramatic structural change based on increased specialization in rice cultivation.However,small-scale rice-farmers have continued to grow multiple crops,especially in less developed provinces.While the literature advocates crop diversification for reasons of both economic and ecological sustainability,there lacks empirical evidence as to whether crop diversification brings efficiency and productivity gains to small farms.The present study is the first applications of the input-oriented stochastic distance function approach in estimating scale and scope economies using data of multi-crop farming households in Vietnam.We find strong evidence of product-specific economies of scale.Scope economies are also present for rice,vegetable,and other annual crop production.This suggests that crop diversification enhances efficiency and productivity.However,there still exists significant technical inefficiency in crop production,indicating opportunities to expand farm output at the existing level of inputs and technologies.More specifically,our empirical results indicate that it is desirable to expand vegetable and other annual crop production in mountainous areas while rice cultivation can be further expanded in delta and coastal regions.展开更多
This paper identifies three stages in China's agricultural development with reference to macroeconomic development and international experience.While the first two stages focused on ensuring food security and rais...This paper identifies three stages in China's agricultural development with reference to macroeconomic development and international experience.While the first two stages focused on ensuring food security and raising farmer's income,the current stage must give priority to modernizing agricultural production.The lack of progress in this area is due to the following reasons:diminishing return to capital as a result of small and scattered farming operation which has compromised agricultural competitiveness;agriculture is overdependent on subsidy and protection under the conventional wisdom of the uniqueness of agriculture.This paper attempts to reveal the barriers to China s agricultural modernization and proposes recommendations on reforming the land and household registration systems to increase the economies of scale and productivity.展开更多
Data is a key asset for digital platforms,and mergers and acquisitions(M&As)are an important way for platform enterprises to acquire it.The types of data obtained from intra-industry and cross-sector M&As diff...Data is a key asset for digital platforms,and mergers and acquisitions(M&As)are an important way for platform enterprises to acquire it.The types of data obtained from intra-industry and cross-sector M&As differ,as does the extent to which they interact within or between platforms.The impact of such data on corporate market performance is an important question to consider when selecting strategies for digital platform M&As.Based on our research on advertising-driven platforms,we developed a two-stage Hotelling game model for comparing the market performance effects of intra-industry M&As and cross-sector M&As for digital platforms.We carried out an empirical test using relevant data from advertising-driven digital platforms between 2009 and 2021,as well as a case study on Baidu’s M&A activities.Our research discovered that intra-industry M&As driven by“data economies of scale”and cross-sector M&As driven by“data economies of scope”are both beneficial to the market performance of platform enterprises.Intra-industry M&As have a more significant positive effect on the market performance of platform enterprises because the same types of data are easier to integrate and develop the“network effect of data scale”.From a data factor perspective,this paper reveals the inherent economic logic by which different types of M&As influence the market performance of digital platforms,as well as policymaking recommendations for all digital platforms to select M&A strategies based on data scale,data scope,and the network effect of data.展开更多
It is obvious that the change trend of our government expenditure scale declined constantly .The expenditure proportion of science, education, culture and hygiene increased fast, reflected the situation that the finan...It is obvious that the change trend of our government expenditure scale declined constantly .The expenditure proportion of science, education, culture and hygiene increased fast, reflected the situation that the finance of our country was transformed into “public finance” from “building type finance” gradually.The expenditure proportion of the local is higher than central authorities. This is disadvantageous for our country’s economy development and society stability.展开更多
Based on the scope economic theory of "resource curse" and industrial clusters,the scale of sugar cluster is calculated by the output of sugarcane and sugar while the scale benefit of sugar cluster is measur...Based on the scope economic theory of "resource curse" and industrial clusters,the scale of sugar cluster is calculated by the output of sugarcane and sugar while the scale benefit of sugar cluster is measured by the productivity(rate of sugar production),sales output ratio,industrial output value as well as profit margin.Positive analysis of the scale merit of sugar clusters in resource-rich area of southwestern Guangxi is conducted according to related statistics of Chongzuo City.And the primary problems of sugar clusters are pointed out.The profit created by sugar for the sugar industry in Chongzuo City has already been near capacity.The sugar industry is big but not strong.With much governmental interfernce,there is no effective connections and inadequte competitive forces among subjects of the clusters.The extention of industrial chain is limited.Therefore,measures for developing sugar clusters in resource-rich area of southwestern Guangxi are proposed.Industrial structure is to be adjusted to improve the sugarcane cultivation techniques.The industrial chain should be extended to increase the economic benefits of sugar industry.Industrial support is to be strengthened and capital output for sicence and technology increased.Price regualtion fund of grain sugar is to be established with coordination with the superior region.The transformation from savings to investment should be quickened to evade "resource curse".展开更多
In the nonparametric data envelopment analysis literature,scale elasticity is evaluated in two alternative ways:using either the technical efficiency model or the cost efficiency model.This evaluation becomes problema...In the nonparametric data envelopment analysis literature,scale elasticity is evaluated in two alternative ways:using either the technical efficiency model or the cost efficiency model.This evaluation becomes problematic in several situations,for example(a)when input proportions change in the long run,(b)when inputs are heterogeneous,and(c)when firms face ex-ante price uncertainty in making their production decisions.To address these situations,a scale elasticity evaluation was performed using a value-based cost efficiency model.However,this alternative value-based scale elasticity evaluation is sensitive to the uncertainty and variability underlying input and output data.Therefore,in this study,we introduce a stochastic cost-efficiency model based on chance-constrained programming to develop a value-based measure of the scale elasticity of firms facing data uncertainty.An illustrative empirical application to the Indian banking industry comprising 71 banks for eight years(1998–2005)was made to compare inferences about their efficiency and scale properties.The key findings are as follows:First,both the deterministic model and our proposed stochastic model yield distinctly different results concerning the efficiency and scale elasticity scores at various tolerance levels of chance constraints.However,both models yield the same results at a tolerance level of 0.5,implying that the deterministic model is a special case of the stochastic model in that it reveals the same efficiency and returns to scale characterizations of banks.Second,the stochastic model generates higher efficiency scores for inefficient banks than its deterministic counterpart.Third,public banks exhibit higher efficiency than private and foreign banks.Finally,public and old private banks mostly exhibit either decreasing or constant returns to scale,whereas foreign and new private banks experience either increasing or decreasing returns to scale.Although the application of our proposed stochastic model is illustrative,it can be potentially applied to all firms in the information and distribution-intensive industry with high fixed costs,which have ample potential for reaping scale and scope benefits.展开更多
This study utilizes multiple regression analysis and the technique for computing economies of scale to evaluate the dynamics of NRW in the AER of GWCL. Data on monthly total production, billed consumption, total reven...This study utilizes multiple regression analysis and the technique for computing economies of scale to evaluate the dynamics of NRW in the AER of GWCL. Data on monthly total production, billed consumption, total revenue, total production cost and the volume of NRW spanning the period January 2015 to June 2019, was obtained from the headquarters of AER and used for the analysis. The study showed that NRW averaged 59.3% for the period under consideration, which far exceeds the 25% threshold set by the World Bank for developing economies. It was also established that a fairly inelastic relationship exists between NRW and total revenue. Results further show that resources are not optimally used in the AER as proof of diseconomies of scale was observed.展开更多
Urban rail transit(URT) has been playing an important role in urban sustainable development with its advantages of high speed,large capacity,high efficiency and low pollution.Estimating URT network scale is the key to...Urban rail transit(URT) has been playing an important role in urban sustainable development with its advantages of high speed,large capacity,high efficiency and low pollution.Estimating URT network scale is the key to ensure the scientificity and feasibility of its construction.The existing studies on rational scale of URT network have not dealt with the interaction of supply and demand.This paper describes the establishment of a system dynamics model of rational URT network scale determination,considering the interaction between URT construction and city social economic development as well as the dynamic equilibrium of capital supply and traffic demand,and the verification of the model validity by applying it to the case of Wuhan City's URT construction.展开更多
A public water and sewer utility is created to develop safe, reliable and financially self-supporting potable water and sanitary sewage systems which will meet the water and sewerage needs of the areas served by the u...A public water and sewer utility is created to develop safe, reliable and financially self-supporting potable water and sanitary sewage systems which will meet the water and sewerage needs of the areas served by the utility;to ensure that existing and future utility facilities are constructed, operated and managed at the least possible cost to the users without outside subsidies;and to develop a system that is compatible with the area’s future growth. To gain efficiencies in operation, these new facilities must be developed in accordance with the latest technical and professional standards to protect the health, safety, and welfare of the citizens served now or in the future. Hence a utility must construct new pipelines, pump stations and other infrastructure, whether that infrastructure is for growth, to improve existing service, or to replace infrastructure that has reached the end of its useful, economic, and/or physical life. In established or stable communities, the replacement of existing infrastructure, where it is no longer economical to operate, is deteriorated to a point where replacement is more cost effective than repairs due to wear, neglect or environmental conditions, or where the infrastructure no longer serves its intended purpose or meets regulatory standards, must be pursued. As a result, many established utilities have capital plans that contain many such replacement projects. The question is how much investment should be made. The intent of this paper is to evaluate investment in infrastructure made by public water and sewer utility systems. What was found among the utilities in Florida that were evaluated was that more than half are underinvesting in their infrastructure. Some are not investing at all although more research is needed because it appears that many utilities make large investments periodically as opposed to using pay-as-you-go methods. Large scale investments like bond issues impact rates. Economies-of-scale remain for large utilities. Smaller utilities compete with larger ones to control rates. The data gathered indicates that utilities are underfunded, and under-invested. To reduce potential health risks, this needs to change. At the same time, trends appear to be a key to assess the potential for at risk utilities. Hence a future project would review data for the past 15 - 20 years for trends, identify patterns of altered investments and denote how the 2008 financial crisis changed the utility finances. A road to recapture lost revenues and make the infrastructure more resilient can then be accomplished.展开更多
基金supported by National Natural Science Foundation of China (No. 10671108 and 70971076)Found for the Doctoral Program of Higher Education of Ministry of Education of China (No. 20070446001)+1 种基金Innovation Planning Project of Shandong Province (No. SDYY06034)Foundation of Qufu Normal University (No. XJZ200849)
文摘This paper presents an economic lot-sizing problem with perishable inventory and general economies of scale cost functions. For the case with backlogging allowed, a mathematical model is formulated, and several properties of the optimal solutions are explored. With the help of these optimality properties, a polynomial time approximation algorithm is developed by a new method. The new method adopts a shift technique to obtain a feasible solution of subproblem and takes the optimal solution of the subproblem as an approximation solution of our problem. The worst case performance for the approximation algorithm is proven to be (4√2 + 5)/7. Finally, an instance illustrates that the bound is tight.
文摘In the software engineering literature, it is commonly believed that economies of scale do not occur in case of software Development and Enhancement Projects (D&EP). Their per-unit cost does not decrease but increase with the growth of such projects product size. Thus this is diseconomies of scale that occur in them. The significance of this phenomenon results from the fact that it is commonly considered to be one of the fundamental objective causes of their low effectiveness. This is of particular significance with regard to Business Software Systems (BSS) D&EP characterized by exceptionally low effectiveness comparing to other software D&EP. Thus the paper aims at answering the following two questions: (1) Do economies of scale really not occur in BSS D&EP? (2) If economies of scale may occur in BSS D&EP, what factors are then promoting them? These issues classify into economics problems of software engineering research and practice.
基金the University of Economics Ho Chi Minh City,the German Research Foundation(DFG,funding No.DFG-FOR 756/1&2)the Open Access Fund of Leibniz University Hannover,Germany.
文摘The Vietnamese agricultural sector has experienced a dramatic structural change based on increased specialization in rice cultivation.However,small-scale rice-farmers have continued to grow multiple crops,especially in less developed provinces.While the literature advocates crop diversification for reasons of both economic and ecological sustainability,there lacks empirical evidence as to whether crop diversification brings efficiency and productivity gains to small farms.The present study is the first applications of the input-oriented stochastic distance function approach in estimating scale and scope economies using data of multi-crop farming households in Vietnam.We find strong evidence of product-specific economies of scale.Scope economies are also present for rice,vegetable,and other annual crop production.This suggests that crop diversification enhances efficiency and productivity.However,there still exists significant technical inefficiency in crop production,indicating opportunities to expand farm output at the existing level of inputs and technologies.More specifically,our empirical results indicate that it is desirable to expand vegetable and other annual crop production in mountainous areas while rice cultivation can be further expanded in delta and coastal regions.
文摘This paper identifies three stages in China's agricultural development with reference to macroeconomic development and international experience.While the first two stages focused on ensuring food security and raising farmer's income,the current stage must give priority to modernizing agricultural production.The lack of progress in this area is due to the following reasons:diminishing return to capital as a result of small and scattered farming operation which has compromised agricultural competitiveness;agriculture is overdependent on subsidy and protection under the conventional wisdom of the uniqueness of agriculture.This paper attempts to reveal the barriers to China s agricultural modernization and proposes recommendations on reforming the land and household registration systems to increase the economies of scale and productivity.
基金supported by the National Natural Science Foundation of China“Research on Cross-sector Competition Effect and Regulatory Policy of Digital Platforms Based on Inter-platform Network Externalities”(Grant No.72103085).
文摘Data is a key asset for digital platforms,and mergers and acquisitions(M&As)are an important way for platform enterprises to acquire it.The types of data obtained from intra-industry and cross-sector M&As differ,as does the extent to which they interact within or between platforms.The impact of such data on corporate market performance is an important question to consider when selecting strategies for digital platform M&As.Based on our research on advertising-driven platforms,we developed a two-stage Hotelling game model for comparing the market performance effects of intra-industry M&As and cross-sector M&As for digital platforms.We carried out an empirical test using relevant data from advertising-driven digital platforms between 2009 and 2021,as well as a case study on Baidu’s M&A activities.Our research discovered that intra-industry M&As driven by“data economies of scale”and cross-sector M&As driven by“data economies of scope”are both beneficial to the market performance of platform enterprises.Intra-industry M&As have a more significant positive effect on the market performance of platform enterprises because the same types of data are easier to integrate and develop the“network effect of data scale”.From a data factor perspective,this paper reveals the inherent economic logic by which different types of M&As influence the market performance of digital platforms,as well as policymaking recommendations for all digital platforms to select M&A strategies based on data scale,data scope,and the network effect of data.
文摘It is obvious that the change trend of our government expenditure scale declined constantly .The expenditure proportion of science, education, culture and hygiene increased fast, reflected the situation that the finance of our country was transformed into “public finance” from “building type finance” gradually.The expenditure proportion of the local is higher than central authorities. This is disadvantageous for our country’s economy development and society stability.
基金Supported by Project Launched by Guangxi Education Office (201012MS212)Special Project of"Borderland Question Research"launched by Research Center of Humanities and Social Science in Guangxi(XWSKYB2010006)Research Fund of Natural Science of Guangxi Normal University for Nationalities(XYYB2010-006)
文摘Based on the scope economic theory of "resource curse" and industrial clusters,the scale of sugar cluster is calculated by the output of sugarcane and sugar while the scale benefit of sugar cluster is measured by the productivity(rate of sugar production),sales output ratio,industrial output value as well as profit margin.Positive analysis of the scale merit of sugar clusters in resource-rich area of southwestern Guangxi is conducted according to related statistics of Chongzuo City.And the primary problems of sugar clusters are pointed out.The profit created by sugar for the sugar industry in Chongzuo City has already been near capacity.The sugar industry is big but not strong.With much governmental interfernce,there is no effective connections and inadequte competitive forces among subjects of the clusters.The extention of industrial chain is limited.Therefore,measures for developing sugar clusters in resource-rich area of southwestern Guangxi are proposed.Industrial structure is to be adjusted to improve the sugarcane cultivation techniques.The industrial chain should be extended to increase the economic benefits of sugar industry.Industrial support is to be strengthened and capital output for sicence and technology increased.Price regualtion fund of grain sugar is to be established with coordination with the superior region.The transformation from savings to investment should be quickened to evade "resource curse".
文摘In the nonparametric data envelopment analysis literature,scale elasticity is evaluated in two alternative ways:using either the technical efficiency model or the cost efficiency model.This evaluation becomes problematic in several situations,for example(a)when input proportions change in the long run,(b)when inputs are heterogeneous,and(c)when firms face ex-ante price uncertainty in making their production decisions.To address these situations,a scale elasticity evaluation was performed using a value-based cost efficiency model.However,this alternative value-based scale elasticity evaluation is sensitive to the uncertainty and variability underlying input and output data.Therefore,in this study,we introduce a stochastic cost-efficiency model based on chance-constrained programming to develop a value-based measure of the scale elasticity of firms facing data uncertainty.An illustrative empirical application to the Indian banking industry comprising 71 banks for eight years(1998–2005)was made to compare inferences about their efficiency and scale properties.The key findings are as follows:First,both the deterministic model and our proposed stochastic model yield distinctly different results concerning the efficiency and scale elasticity scores at various tolerance levels of chance constraints.However,both models yield the same results at a tolerance level of 0.5,implying that the deterministic model is a special case of the stochastic model in that it reveals the same efficiency and returns to scale characterizations of banks.Second,the stochastic model generates higher efficiency scores for inefficient banks than its deterministic counterpart.Third,public banks exhibit higher efficiency than private and foreign banks.Finally,public and old private banks mostly exhibit either decreasing or constant returns to scale,whereas foreign and new private banks experience either increasing or decreasing returns to scale.Although the application of our proposed stochastic model is illustrative,it can be potentially applied to all firms in the information and distribution-intensive industry with high fixed costs,which have ample potential for reaping scale and scope benefits.
文摘This study utilizes multiple regression analysis and the technique for computing economies of scale to evaluate the dynamics of NRW in the AER of GWCL. Data on monthly total production, billed consumption, total revenue, total production cost and the volume of NRW spanning the period January 2015 to June 2019, was obtained from the headquarters of AER and used for the analysis. The study showed that NRW averaged 59.3% for the period under consideration, which far exceeds the 25% threshold set by the World Bank for developing economies. It was also established that a fairly inelastic relationship exists between NRW and total revenue. Results further show that resources are not optimally used in the AER as proof of diseconomies of scale was observed.
基金Funded by Independent Innovation Grant of Huazhong University of Science & Technology (No. M2009013)
文摘Urban rail transit(URT) has been playing an important role in urban sustainable development with its advantages of high speed,large capacity,high efficiency and low pollution.Estimating URT network scale is the key to ensure the scientificity and feasibility of its construction.The existing studies on rational scale of URT network have not dealt with the interaction of supply and demand.This paper describes the establishment of a system dynamics model of rational URT network scale determination,considering the interaction between URT construction and city social economic development as well as the dynamic equilibrium of capital supply and traffic demand,and the verification of the model validity by applying it to the case of Wuhan City's URT construction.
文摘A public water and sewer utility is created to develop safe, reliable and financially self-supporting potable water and sanitary sewage systems which will meet the water and sewerage needs of the areas served by the utility;to ensure that existing and future utility facilities are constructed, operated and managed at the least possible cost to the users without outside subsidies;and to develop a system that is compatible with the area’s future growth. To gain efficiencies in operation, these new facilities must be developed in accordance with the latest technical and professional standards to protect the health, safety, and welfare of the citizens served now or in the future. Hence a utility must construct new pipelines, pump stations and other infrastructure, whether that infrastructure is for growth, to improve existing service, or to replace infrastructure that has reached the end of its useful, economic, and/or physical life. In established or stable communities, the replacement of existing infrastructure, where it is no longer economical to operate, is deteriorated to a point where replacement is more cost effective than repairs due to wear, neglect or environmental conditions, or where the infrastructure no longer serves its intended purpose or meets regulatory standards, must be pursued. As a result, many established utilities have capital plans that contain many such replacement projects. The question is how much investment should be made. The intent of this paper is to evaluate investment in infrastructure made by public water and sewer utility systems. What was found among the utilities in Florida that were evaluated was that more than half are underinvesting in their infrastructure. Some are not investing at all although more research is needed because it appears that many utilities make large investments periodically as opposed to using pay-as-you-go methods. Large scale investments like bond issues impact rates. Economies-of-scale remain for large utilities. Smaller utilities compete with larger ones to control rates. The data gathered indicates that utilities are underfunded, and under-invested. To reduce potential health risks, this needs to change. At the same time, trends appear to be a key to assess the potential for at risk utilities. Hence a future project would review data for the past 15 - 20 years for trends, identify patterns of altered investments and denote how the 2008 financial crisis changed the utility finances. A road to recapture lost revenues and make the infrastructure more resilient can then be accomplished.