Theory and practice of value management and its innovation for natural resources from the perspective of sustainable development

The supreme obstacle for sustainable development of natural resources is the scarecity, bottleneck. So how to promote the sustainable utilizing and increase the using efficiency of natural resources is worth studying. This paper suggests that we should improve the model and means of evaluating method and value management based on th~ theory of natural resource compensation. This paper discusses the User Cost Method based on the microeeonomicaspect which can change the evaluating method for natural resources. From the perspective of value managemen model, we should use the User Cost Method to realize the linkage and integration of micro and macro eompensation for natural resources. Based on the evaluating and aecounting idea User Cost Method, this paper presents a theo. retical framework to harmonize and link micro and macro compensation for natural resources. At present, we should seek the new approach and method to manage natural resources, so can we realize the capitalization managemen focusing on the vahte management for natural resources.

Stochastic Earned Duration Analysis for Project Schedule Management

Earned duration management(EDM)is a methodology for project schedule management(PSM)that can be considered an alternative to earned value management(EVM).EDM provides an estimation of devia-tions in schedule and a final project duration estimation.There is a key difference between EDM and EVM:In EDM,the value of activities is expressed as work periods;whereas in EVM,value is expressed in terms of cost.In this paper,we present how EDM can be applied to monitor and control stochastic pro-jects.To explain the methodology,we use a real case study with a project that presents a high level of uncertainty and activities with random durations.We analyze the usability of this approach according to the activities network topology and compare the EVM and earned schedule methodology(ESM)for PSM.

Development of a group support system to support collaborative works in value management workshops

Value Management (VM) is a rigorous and systematic approach to improve the value and optimise the overall cost of a facility. It identifies opportunities to remove unnecessary costs while assuring that quality, reliability, performance, and other critical factors will meet or exceed the customers’ expectations. It has been widely used in the construction industry in a number of countries. A recent survey, however, revealed several problems that hinder the wider use of this methodology in the industry. To overcome these problems, a feasibility study has been conducted to investigate whether or not a Group Support System (GSS) can support collaborative works in VM workshops. This paper introduces the development and structure of a prototype GSS which is designed to support the collaborative works of stakeholders in VM workshops. It begins with an introduction to the conceptual GSS framework and job plan, illustrating what GSS supports can be provided to VM workshops. This is followed by a detailed description of the GSS prototype system to demonstrate how these supports can be performed as an integrated computer system. The testing of the system is also discussed. The research findings provide strong evidence in supporting the notion of using GSS to improve VM implementation. The information support of GSS has been ranked to be the most useful GSS functions and most of the practitioners interviewed are highly interested in applying GSS to support VM workshops in the future.

Performance Evaluation Method of Discipline Construction Members in Colleges and Universities from the Perspective of Value Management

The theory of enterprise value management was applied to the performance evaluation of the discipline construction members in colleges and universities,and a value evaluation model of performance was established.Then,using the analytic hierarchy process(AHP)and quantitative research method,it evaluated the cost of the discipline construction members and the functions realized.Finally,it determined the performance value level and came up with the value optimization recommendations.

Crowd Energy Management: New Paradigm for Electricity Market

The traditionally centralized approach of electricity networks is progressively undergoing a shift towards a decentralized, distributed structure. The local and crowd-based principle is transforming the existing supply chain and related activities into a value network （VN）. Previous researches on crowd value network concepts focus on the activities of infrastructure and load management and neglect activities that generate collaboration. Collaboration with and within crowds particularly demands a different mindset and management of sharing values, information, benefit, and risks. Furthermore, these concepts must integrate technical, processual, and social aspects. Thus, this article proposes a holistic framework of electricity VN management for crowd energy. It redefines VN activities for infrastructure and load management while appending VN activities for social electricity handling. Additionally, the framework illustrates the interactions among these three elements and concludes with an adaption cycle for the crowd value network.

Human Resource Management Striding into the New Era of Value Management

As a scientific management concept, value management （VM） is universally applied, and it acts on making strategy, realizing the maximization of business enterprise value, improving the performance of managing and promoting the lasting growth of the economy of various countries, etc. Nowadays, it has already stridden into each field of business management thoroughly, which has become the most popular management thought, idea and method in the world. The core of value management^function analysis, has offered very good theoretical foundation, method, technology and thinking for modern human resource management, which has stridden into the new era of value management.

Validation of a Value Management Approach Developed for the Saudi Public Sector

A VM （value management） approach was developed that better suits the culture and the context of the SPS （Saudi Public Sector）. This approach provided a comprehensive assessment of VM at institutional, organizational and project levels. This paper illustrates the procedures that were used to validate the developed VM approach. For the institutional and organizational levels, the VM approach was validated by conducting telephone interviews with three experts from three organizations that use VM and with two senior managers from the MOF （Ministry of Finance）. Mainly, it was found that the MOF should be supported by experts to set up a centre of excellence that can set VM policy, guidelines and standards for the promotion of VM in the SPS, in order to ensure achieving value for money spent in SPS projects. The developed VM approach, as it would be applied at the project level, was presented to 11 experts, all of whom completed a validation questionnaire and presented their comments. Subsequently, the questionnaires were analyzed and the VM approach was amended to reflect the inputs provided by these experts. It was concluded that VM should be applied at least twice on SPS projects. Firstly, it is to review and structure strategic and project briefs to sort out soft issues, and secondly, it is to optimize project designs and sort out hard issues.

Market value management＇s effects on listed companies

The reformation of equity-split on April 29th, 2005, has promoted market value management and created the necessary conditions for market value management. With the purpose of stabilizing and enhancing corporate market value and realizing stockholders＇ wealth maximization, the market value management becomes especially important for all listed companies. This paper begins with the general introduction of market value management including its definition, contents and performance evaluation systems, appraises the best 10 market value management listed companies during 2007-2008. Then analyzes the benefits of the market value management on the Guizhou Maotai which has gained great achievements on market value management, and finally draw conclusions about market value management＇s general effects on listed companies.

Application of CVAM-based management accounting in mobile telecommunication enterprises

CVAM-based management accounting emphasizes that enterprises should make efforts not only to provide goods or service to customers but also to create value for customers. In practice, customer value should be measured reasonably first. Then according to its condition, enterprise can apply the CVAM-based management accounting method by improving management quality, perfecting costing planning, brand operation and business innovation to create value for customers thus achieving increase of corporate value as well as social value.

A New Mode of Enterprise Management -Value Enterprise Management

In the development of modern enterprises,the management mode is the main factor that determines the height of its development,so it is highly valued.The traditional management mode has many disadvantages,which can not comply with the development trend of the current market economy,which leads to the slow improvement of enterprise management level,which is not conducive to the operation and development of enterprises.The proposal of the concept of value-oriented enterprise management has become a new mode of enterprise management,which is helpful to speed up the reform process of enterprises and enhance their development vitality.Therefore,we should clarify the key points of the construction of the model and gradually improve the level of management.This paper analyzes the concept of value enterprise management,puts forward the application status and classification of value enterprise management model,and explores the construction strategy of value enterprise management model.

Research on Enterprise Value Chain Management Based on Competitive Strategy

With the rising cost of labor factors in China,several multinational companies that rely on labor-intensive industries have withdrawn their production lines from China,which has had a huge impact on the development of Chinese enterprises.Under the guidance of national policies,many enterprises have begun to climb to the high end of the value chain.This paper analyzes the main function of value chain management by studying the composition of industry value chain management from the perspective of competitive strategy.In view of the lack of enterprise value chain management,this paper discusses from three aspects:product,technology,and price.Product homogeneity has been found to greatly reduce the market competitiveness of products,which is not conducive to the value-added and sustainable development of enterprises.Based on this,corresponding strategies have been proposed,in which enterprises should maximize the advantages of value chain management through scientific and efficient information management techniques.

Application Research of Earned Value Management in New Drug Research and Development Projects

Objective To help investors assess and control the costs of new drug development and reduce the risks of new drug development projects.Methods Cost analysis and financial forecasting were carried out with the integrated approach of earned value management.According to the principle of earned value management deviation analysis,the basic process of the new drug research and development project was combined with the hypothesis method from the research of Tufts Drug Development Research Center.Results and Conclusion If the project progress check was carried out in the clinical trial,the project costs were found overspent,the efficiency was low,the project progress was faster,and the resource investment was ahead.It is recommended that the adjustment should be made to reduce the input of resources,and increase the efficient key personnel to take the place of some less efficient staff.

Construction of New Value Chain Management and Various BOMs for Research Project of SDGs Food Loss Reduction:Case Studies on Circular Economy Sweets Product Planning,Sales Event Holding,and Questionnaire Surveys

Regarding the social problem of food loss in Japan,about 10%-20%of agricultural products(e.g.vegetables and fruits)are seen as“non-standardized foods”or“surplus foods”by the Agricultural Cooperative Association.Those foods are then discarded.The Tamaki Laboratory of the School of Business,Aoyama Gakuin University is promoting the“SDGs Food Loss Regeneration Project”through industry and academic collaboration—as a research study—to solve this social problem.Therefore,the purpose of this research is the following three subjects:(1)Indicate the design of VCM(value chain management).VCM corresponds to the planning,manufacturing,and sales meetings of“SDGs Moist Vegetable Cake”,and the roles of stakeholders engaged in each area of VCM.(2)Design various BOMs(bill of materials)corresponding to the VCM.Describe how to use BOM and the significance of using each BOM in cooperation.(3)In order to verify the effectiveness of the“SDGs Food Loss Regeneration Project”with“SDGs Moist Vegetable Cake”,conduct and analyze questionnaire surveys and consider the results.

Classification of plant functional types based on the nutrition traits： a case study on alpine meadow community in the Zoigê Plateau

The ecological concept of Plant Functional Types（PFTs）, which refers to the assemblage of plants with certain functional traits, has been introduced for the study of plant responses to the environment change and human disturbance. Taking the alpine meadow community in the Zoigê Plateau as a study case, this paper classified PFTs in terms of plant nutrition traits. The sequential results are as follows.（1） The main herbages in the Zoigê Plateau included 16 species in 5 families. Among the five families, Cyperaceae vegetation accounted for 81.37%of herbage area in total, while the remaining 4families occupied less than 20%. As for the species,Kobresia setchwanensis Hand.-Maizz. was dominant,accounting for 48.74% of the total area; while the remaining 51.26% was comprised of Polygonum viviparum L., Anaphalis fiavescens Hand.-Mazz.,Stipa aliena Keng and other species.（2） By using the Principal Component Analysis（PCA）, the assessment of herbages nutrition was carried out based on the comprehensive multi-index evaluation model.Polygonum viviparum L. had the highest nutritional value score（1.43）, and Stipa aliena Keng had the lowest（-1.40）. Nutritional value of herbage species had a significantly positive correlation with altitude（P＆lt;0.01） in the Zoigê Plateau.（3） Based on the nutritional values, herbages in the Zoigê Plateau could be grouped into 3 nutrition PFTs（high, medium and low） by using the Natural Breaks（Jenks） method.

Value Generation through Integrated Teams： A Socio-Cognitive Approach

Value generation is defined as meeting client requirements while minimizing waste. Researchers concur on the issues related to sequential design in handling client requirements, and suggest the use of an integrated design approach as an alternative. Little has been said, however, about the impact of adopting integrated design＇s work organization to traditional design practice, processes and tools, nor about the importance of breaking down socio-cognitive barriers related to mental model fragmentation between design professionals, clients and users. This may result in cognitive inertia, a major source of waste. The objective of this research is to develop and test the introduction of boundary objects, such as new technologies, to the context of integrated teams and organizations to break the cognitive inertia that hinders value generation. The research is conclusive about the effectiveness of using boundary objects to transform practices in construction. This research also contributes to a better understanding of the new purposes of construction projects by framing its context and process dimensions within a theoretical framework, as well as to the evolution of practices in construction - and of practices that could be applicable to other fields.

Managing the Value of the Organization Based on Organizational Culture

Managing the value of the organization is taking place based on factors forming it. It is becoming possible thanks to such managing operations of the organization, when in the end an image in accordance with expectations, giving the state back to the value of organizations is being got. Creating the goodwill is based among others on immaterial factors, which although they are becoming impossible to include in balance, are taken hold in time value of the organization. Creation of the value of an organization may be based on the organizational culture. The article presents the essence of value management and organization characterized the factors affecting the formation of organizational culture, ways of dealing with an organization aimed at consolidating and strengthening the organizational culture. Sometimes organizations feel the need to change the culture in order to achieve increased efficiency and ensure the success of the company to implement the necessary changes. Therefore, the rest of this article presents the elements to ensure a smooth implementation and consolidation of cultural change.

Application of Value Engineering in Construction Projects

The current economic conditions have entailed the use of rational method and techniques and research and application of new techniques by utilizing advancements in technology in the field of production as well as in every field. Excess cost control requires to be maintained throughout the project life of building beginning from the initial stages of design. Scrutinizing the project well and considering all possible alternatives particularly in design stage are important for achieving optimum cost. In this study, how the principles of VE （value engineering） are applied in construction projects is explained, and by covering Bregana-Zagreb-Dubrovnik Motorway construction in Croatia by BECHTEL -ENKA joint venture as the sample project, practices of VE in this project are described. The satisfactory results of time and cost saving are achieved by applying value engineering principles through the VE team during the project preparation phase and project revision phase. Approximately 43,000,0005 and 12 months of time were saved in total thanks to all these VE works. This saving provided builder company with 6% financial saving and 17% work time reduction.

Quality oriented value and performance drivers

The quality endeavors of an organization, like other enterprise activities, must be oriented towards the economic principles. This approach gives a way to many organizations to question the extent to which the quality management contributes for the overall business success and to pin point the areas where particularly a high value or performance can be created in order to attain the maximum possible economic benefits out of quality management systems. Without including the answer of this question in the decision making process, the resources can not be allocated optimally for the quality purpose. Quality management activities create variety of effects that indirectly contributes towards the economic success and thus increase the company and stakeholder value. A closer look at the quality management philosophy reveals eight major principles namely： customer focus, leadership, involvement of people, process approach, system approach to management, continual improvement, factual approach to decision making, mutually beneficial supplier relationships. These eight principles lead the efforts in the domain of quality management to project a positive impact on the company. For an understanding of response relationships, it is necessary to consider in detail the indicators along the response relationships. They provide helpful clues and give an insight into the complex mechanisms of action of the quality approaches on the path to the company＇s success. The following illustration depicts how the quality based activities generate the value to enhance the performance and a variety of indicators reflects how they indirectly add value to an organization and hence contribute to its economic success.

A Study of Quantitative Progress Evaluation Models for Open Source Projects

Open source software (OSS) has become an indispensable part of society, not only for personal use but also for corporate use. Projects developed and operated by OSS are called open source projects, and the number of such projects is increasing. On the other hand, because anyone can participate in an open source project, the progress of the project is uncertain due to differences in project members’ skills, development environments, and time zones of activity. Therefore, many users and companies need to understand the development and operation status of open source project. Then, the developers carefully make decisions on upgrading or installing new OSS. In this paper, we focus on the maintenance effort estimation for open source projects considering uncertainty. Also, we evaluate the project quantitatively using Earned Value Management (EVM). Moreover, we examine the appropriateness of the model for predicting the maintenance effort expeditures. Furthermore, we discuss the appropriateness of this EVM method.

Development of a BIM-based production planning and control system for Lean Construction through advancement and integration of existing management techniques

As part of general construction management,production planning and control is vital for successful project delivery.Numerous approaches supporting production planning and control exist in practice and research.However,the different approaches focus on distinct areas such as workflow stabilization or cost control,and no single system combines all the requirements of a holistic production management system.Varying production management systems can be explained by the unique characteristics of many construction projects.As an approach for the digital twinning in the construction industry,building information modeling(BIM)can help standardize production management through shifting the management system design toward the digital prototype.Previous scientific work has acknowledged this approach,thereby generating numerous concepts for using building information models within construction management approaches.However,BIM is often merely used as a parallel support rather than as an integral part of production management systems.To address this gap and in terms of research methodology,we follow a Design Science Research approach.Thus,we propose a new BIM-based production management system,which is characterized by a theoretical integration model for BIM and existing construction management techniques,and a methodology for applying these concepts in practice.