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Topic Review
Demand Response Products
Demand response refers to planning, implementing and monitoring the use of electricity to generate changes in the consumers' demand profile to adapt to different needs. Thus, a Demand Response Product can be defined as the contractual framework which guarantees that the service provided by flexible consumers satifies the minimum requirements of the related service to the final user of such flexibility (network operator, energy trader, aggregator, etc.) Demand Response is a key element of future power systems due to its capacity to defer grid investments, improve demand participation in the market and absorb renewable energy source variations. In this regard, Demand Response can play an important role in delivering ancillary services to power systems.
  • 996
  • 18 Mar 2021
Topic Review
Supply Chain Management in Pandemics
Pandemics cause chaotic situations in supply chains (SC) around the globe, which can lead towards survivability challenges. The ongoing COVID-19 pandemic is an unprecedented humanitarian crisis that has severely affected global business dynamics. Similar vulnerabilities have been caused by other outbreaks in the past. In these terms, prevention strategies against propagating disruptions require vigilant goal conceptualization and roadmaps. In this respect, there is a need to explore supply chain operation management strategies to overcome the challenges that emerge due to COVID-19-like situations. 
  • 726
  • 16 Mar 2021
Topic Review
DEA Banking Efficiency: Macroprudential Context
China is a bank-dominated country; therefore, the sustainability of the Chinese banking industry is important for economic development. In this paper, data envelopment analysis (DEA) was combined with the Malmquist index, and we statically and dynamically analyzed the efficiency of listed banks during the period 2012–2017. The results showed that 12 of the 17 banks improved their technical efficiency. The technical efficiency of three banks remained the same, whilst that of two banks had dropped slightly by less than 1.0%. The Chinese government has learned from the lessons of past financial crises to find a way to forestall financial crisis, and implemented macroprudential policy, therefore the banking industry has actively served the real economy and promoted economic development while paying attention to the prevention of financial risks. According to the report of The Banker in 2018, for the first time, the four biggest banks in China topped the list of the Top 1000 World Banks. The research showed that, the Chinese government applied macroprudential framework in the banking supervision, and the listed banks effectively resisted financial risks and realized steady growth. We believe that the macroprudential framework plays a positive role in the economic development and financial stability in China.
  • 1.5K
  • 07 Mar 2021
Topic Review
China Automotive Firms' Efficiency Evaluation
DEA (Data Envelopment Analysis), as a methodology for the efficiency evaluation of Decision-Making Units (DMUs) with multiple inputs and outputs, is widely used in various areas. The basic idea of DEA is to fit a non-parametric efficient production frontier with DMUs and measure the efficiency relative to the best-performance observations in the sample. In this paper, the China’s listed firms in the automotive industry are seen as the DMUs, and our goal is to measure the efficiency of each DMU and identity the ones that use the inputs more efficiently than the others that have resources over-utilized, namely, the firms can reduce the inputs while the outputs remains constant (input-oriented) rather than the firms can increase the outputs while their inputs remains constant (output-oriented). Therefore, the input-oriented model of DEA is appropriate for our research.
  • 1.2K
  • 06 Mar 2021
Topic Review
Management Research as Design Science
Design science (DS) approaches have been emerging in engineering, management and other disciplines operating at the interface between design research and the natural or social sciences. Based on a state-of-the-art review of how DS is applied by management researchers, we develop a DS methodology for design-oriented disciplines that tend to adopt a rather intuitive notion of theory.
  • 632
  • 05 Mar 2021
Topic Review
Idiosyncratic Viral Losses
The viral spread of operational losses through global markets by interconnected multinational banks can be compared to viruses spread through interconnected countries and the significant losses incurred; this can be referred to as idiosyncratic viral loss theory. This idiosyncratic viral loss theory discusses systemic operational losses that are evident in human error, fraud, and legal expenses that are aligned to systemic operational risk. The occurrences of significant losses that are idiosyncratic in nature and that are linked to failed internal processes, people, systems, and external events. This study employs the Compliance and Ethics Group’s (OCEG’s) standard that integrates governance, risk management, internal control, assurance, and compliance (GRC capability model) into one functional goal to improve quality and principled performance through measurable tools that may enhance effectiveness and efficiency practices. Four important considerations were identified that could bolster effective risk management practices: (a) a comprehensive enterprise-wide risk; (b) controlling fraud; (c) going beyond the minimum risk assessment requirements set forth by the banking regulators; (d) independent risk identification and management. These considerations towards effective risk management practices may help reduce systemic operational losses viral spread in banks. 
  • 647
  • 24 Feb 2021
Topic Review
Insights from Circular Economy Literature
The circular economy (CE) has become one of the prominent topics in both natural science and management literature over the last few decades. CE is a dual-loop regenerative system that focuses on the effective and efficient utilization of resources in the ecosystem, which is beneficial to environmental and economic performance optimization. Dual CE initiatives allow firms to increased resource eco-efficiency, as well as resource effectiveness. 
  • 800
  • 20 Feb 2021
Topic Review
COVID-19 Infections and Fake News
The world has been changed irrevocably by the infectious severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) that causes the coronavirus disease 2019 (COVID-19) that was first identified in Wuhan, Hubei province, China in December 2019. COVID-19 affects everyone everywhere. A separate and significant, though not necessarily as infectious, malady affecting many, though not all, individuals worldwide, is “Fake News”, known alternatively as yellow journalism, junk news, pseudo news, false news, alternative facts, hoaxes, misinformation, disinformation, fabricated news, corrupt news, unfathomable nonsense, or outright lies, which are typically based on provably false statements, and are distributed widely through mainstream news media and social media. The commentary presents a brief history of COVID-19 and fake news, and existing international efforts to deal with each of these infections.
  • 1.2K
  • 17 Feb 2021
Topic Review
Renewable Energy Supply Chain
The renewable energy supply chain (RESC) is defined as “the transformation of raw energy into usable energy and involves an effective set of management principles from the point of acquisition of energy resources to the point of consumption of usable energy”.
  • 13.2K
  • 16 Feb 2021
Topic Review
Factors Affecting Consumer Food Choice
Understanding individual food choices is critical for transforming the current food system to ensure healthiness of people and sustainability of the planet. Throughout the years, researchers from different fields have proposed conceptual models addressing factors influencing the food choice, recognized as a key leverage to improve planetary and human health. However, a multidisciplinary approach is needed to better understand how different factors are involved and interact with each other in the decision-making process. The present paper reviews and analyzes existing models, providing an intact point-of-view by integrating key elements into a bigger framework. Key determinants of general food choice are identified and categorized, including food-internal factor (sensory and perceptual features), food-external factors (information, social environment, physical environment), personal-state factors (biological features and physiological needs, psychological components, habits and experiences), cognitive factors (knowledge and skills, attitude, liking and preference, anticipated consequences, and personal identity), as well as sociocultural factors (culture, economic variables, political elements). Moreover, possible directions of influence among the factors towards final food choice were discussed. The need of multidisciplinary impulses across research field with the support of empirical data are crucial for understanding factors influencing food choice as well as for enriching existing conceptual models. The framework proposed here would serve as a roadmap for facilitating communications and collaborations between research fields in a structural and systematic way.
  • 6.4K
  • 06 Feb 2021
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