bluuebunny/crossref_metadata_2025_split huggingface dataset:
Selection of the most suitable life extension strategy for ageing offshore assets using a life-cycle cost-benefit analysis approach
Authors: Animah Isaac , Shafiee Mahmood , Simms Nigel , Erkoyuncu John Ahmet , Maiti Jhareswar 
Published: July 2018

Purpose
A substantial number of production assets in the offshore oil and gas industry are facing operation beyond their anticipated design life, thus necessitating a service life extension program in the future. Selection of the most suitable strategy among a wide range of potential options to extend the lifetime of equipment (e.g. re-using, reconditioning, remanufacturing, refurbishing and adding on safety/process control measures) remains a challenging task that involves several technical, economic and organizational complexities. In order to tackle this challenge, it is crucial to develop analytical tools and methods capable of evaluating and prioritizing end-of-life strategies with respect to their associated costs and quantifiable benefits. The paper aims to discuss these issues.

Design/methodology/approach
This paper presents a life-cycle cost-benefit analysis approach to identify the most suitable life extension strategy for ageing offshore assets by taking into account all the capital, installation, operational, maintenance and risk expenditures during the extended phase of operation. The potential of the proposed methodology is demonstrated through a case study involving a three-phase separator vessel which was constructed in the mid-1970s.

Findings
The results from the application case indicate that the capital expenditure (CapEx) accounts for the largest portion of life cycle cost for the replacement strategy, while risk expenditure (RiskEx) is the major contributor to costs associated with life extension. A sensitivity analysis is also conducted to identify factors having the greatest impact on the optimum life extension solution, including oil price, production rate and money interest rate.

Practical implications
In the past, the decisions about life extension or replacement of in-service equipment were often made in a qualitative way based on experience and judgment of engineers and inspectors. This study presents a “quantitative” framework to evaluate and compare the costs, benefits and risks associated with life extension strategies and subsequently to select the best strategy based on benefit/cost ratios.

Originality/value
To the best of authors’ knowledge, no studies before have applied life cycle assessment and cost-benefit analysis methods to prioritize the potential life extension strategies in the oil and gas industry sector. The proposed approach not only assists decision makers in selecting the most suitable life extension strategy but also helps duty holders reduce the costs corresponding to life extension execution.
Economic design of x-bar control chart under hybrid maintenance policy
Authors: Yang Xiaomei , Zeng Jianchao 
Published: July 2018

Purpose
According to the relevance of product quality and machine degradation state, a hybrid maintenance policy is designed. The paper aims to discuss this issue.

Design/methodology/approach
Product quality control and machine maintenance are considered simultaneously in this policy. Based on this policy, the economic model of x-bar control chart is proposed using statistical process control and renewal reward theory.

Findings
This model is solved by genetic algorithm and the experimental results validated its feasibility.

Originality/value
In this model, the four corresponding relationship, which is between product quality monitoring result and machine degradation state, is analyzed.
Engine gearbox fault diagnosis using machine learning approach
Authors: Vernekar Kiran , Kumar Hemantha , K.V. Gangadharan 
Published: July 2018

Purpose
Bearings and gears are major components in any rotatory machines and, thus, gained interest for condition monitoring. The failure of such critical components may cause an increase in down time and maintenance cost. Condition monitoring using the machine learning approach is a conceivable solution for the problem raised during the operation of the machinery system. The paper aims to discuss these issues.

Design/methodology/approach
This paper aims engine gearbox fault diagnosis based on a decision tree and artificial neural network algorithm.

Findings
The experimental result (classification accuracy 85.55 percent) validates that the proposed approach is an effective method for engine gearbox fault diagnosis.

Originality/value
This paper attempts to diagnose the faults in engine gearbox based on the machine learning approach with the combination of statistical features of vibration signals, decision tree and multi-layer perceptron neural network techniques.
Does market response to S&P additions reflect adjustment for risk?
Authors: Marciniak Marek , Smith Deborah Drummond 
Published: July 2018

PurposeThe purpose of this study is to investigate the value investors place on S&P index additions relative to uncertainty surrounding the firm and the market. Investors look for reassuring signals or tell-tale signs around uncertainty.Design/methodology/approachVariation in the market response to announcements of S&P additions to the 400, 500 and 600 indices is examined against measures of risk factors. Internal risk factors include firm size relative to the index, total firm risk and liquidity, and whether the firm is a brand new index entrant. External risk factors related to market uncertainty are measured by the Chicago Board of Exchange volatility index.FindingsFirms with lower market capitalization relative to the index, higher total risk, lower trading volume and first-time entrants to any S&P index elicit a positive market reaction compared to firms with less pricing uncertainty. In times of increased market uncertainty, investors tend to place more value on signals from respected institutions such as S&P, and riskier firms benefit more from inclusion in the S&P index. Overall, this study finds that the market overreaction is explained by the degree of uncertainty surrounding the added firms, as well as by the degree of market uncertainty at the time of the announcement.Originality/valueThe findings of this study suggest that investors interpret the prospect of S&P index addition as an opportunity for firms to reduce uncertainty surrounding them, and thus partially hedge their exposure to market uncertainty by joining an index tracked by dozens of index funds. The value of such a hedging strategy rises for riskier firms during market turbulence.
Moderating role of cynicism about organizational change between authentic leadership and commitment to change in Pakistani public sector hospitals
Authors: Bakari Haroon , Hunjra Ahmed Imran , Jaros Stephen , Khoso Imamuddin 
Published: July 2018

PurposeThis study aims to explore the moderating role of cynicism about change in the positive relationship between authentic leadership and employee commitment to change.Design/methodology/approachThis study used an exploratory research design with deductive approach to invite responses of doctors, nurses and para medical staff of public sector district hospitals, set to be privatized, on structured close-ended questionnaires. Data gathered from four hospitals chosen because they were undergoing restructuring that facilitated the testing of our propositions were analyzed through structural equation modeling using AMOS. A total of 271 usable responses (response rate of 65 per cent) were analyzed. Interaction and simple slope tests were applied to test moderating effects.FindingsResults indicate that authentic leadership is positively related to commitment to change. Cynicism about change moderated this positive relationship such that a high level of authentic leadership has a stronger impact on commitment to change when cynicism is low rather than when cynicism is high.Practical implicationsResults show that in Pakistani hospitals undergoing restructuring, leaders who use authentic leadership will have followers who are more committed to enacting the planned changes, but this effect is magnified if followers are not cynical about the change. Thus, regulators of public sector hospitals may benefit from this study by developing authenticity in hospital leaders to mitigate cynicism about and enhance their commitment to change.Originality/valueThis study is the first which has explored relationships among cynicism about change, authentic leadership and commitment to change in a privatization context of Pakistan. Findings should be tested in other cultural contexts to determine generalizability.
Exploring the social innovation process in a large market based social enterprise
Authors: Vézina Martine , Ben Selma Majdi , Malo Marie Claire 
Published: July 2018

PurposeThe purpose of this paper is to investigate the organising of social innovation in a large market-based social enterprises from the perspective of dynamic capabilities and social transformation.Design/methodology/approachThis paper analyses the process by which Desjardins Group launched the Desjardins Environment Fund as the first investment fund in North America to integrate environmental screening. It uses longitudinal single case analysis and a theoretical framework based on Teece’s three dynamic capabilities.FindingsResults show that dynamic capabilities can be conceived as stages in the process of social innovation. Sensing refers to the capability to identify a societal demand for social transformation. Seizing capability is about shaping societal demand into a commercial offer. Reconfiguring concerns organisational innovation to integrate actual and new knowledge through innovative routines. Microprocesses of both path dependency and path building are in action at each of the three stages.Practical implicationsThis paper shows that managing dynamic capabilities is central to social innovation in the context of a large social business and provides genuine managerial input via an analysis of the microprocesses at work in the social innovation process.Originality/valueThis paper contributes to the operationalization of Teece’s dynamic capabilities model. In mobilising a framework in the field of management of innovation, it contributes to the understanding of the process of social innovation and develops the organisational mechanism for multiscalarity of social innovation as a condition for social transformation.
Organizational capabilities that enable big data and predictive analytics diffusion and organizational performance
Authors: Mishra Deepa , Luo Zongwei , Hazen Benjamin , Hassini Elkafi , Foropon Cyril 
Published: July 2018

Purpose
Big data and predictive analytics (BDPA) has received great attention in terms of its role in making business decisions. However, current knowledge on BDPA regarding how it might link organizational capabilities and organizational performance (OP) remains unclear. Drawing from the resource-based view, the purpose of this paper is to propose a model to examine how information technology (IT) deployment (i.e. strategic IT flexibility, business–BDPA partnership and business–BDPA alignment) and HR capabilities affect OP through BDPA.

Design/methodology/approach
To test the proposed hypotheses, structural equation modeling is applied on survey data collected from 159 Indian firms.

Findings
The results show that BDPA diffusion mediates the influence of IT deployment and HR capabilities on OP. In addition, there is a direct effect of IT deployment and HR capabilities on BDPA diffusion, which also has a direct relationship with OP.

Originality/value
Through this study, authors demonstrate that IT deployment and HR capabilities have an indirect impact on OP through BDPA diffusion.
How does competition shape managerial decisions? Product market competition and financial statement comparability
Authors: Majeed Muhammad Ansar , Yan Chao , Tauni Muhammad Zubair 
Published: July 2018

Purpose
The purpose of this paper is to explore the effects of competitive pressure on financial statements’ comparability (comparability) by analyzing various dimensions of competition.

Design/methodology/approach
The authors study the effect of competition on comparability using the comparability measure of De Franco et al. (2011) and various proxies for competition, competition from existing/potential rivals and non-price competition (NPC).

Findings
This study documents that competition is positively associated with comparability, and this effect is more (less) pronounced for industry followers (leaders). The authors also document that competition from existing rivals enhances comparability, but competition from potential entrants does not. Moreover, NPC is also a significant determinant of comparability. Furthermore, the competition from existing/potential rivals plays no significant role in the production of comparable financial statements in state-owned enterprises. The results are robust to alternative measures of comparability and methodological approaches.

Originality/value
This study is the first empirical study that documents a new channel (comparability) through which competition affects financial statements. The findings support the argument that competitive pressure acts as a governance mechanism, disciplines management and increases comparability leading to lower information asymmetry (governance view). However, the findings contest the argument that higher competition motivates managers to withhold information (proprietary cost hypothesis). By examining the effect of state ownership, this study might also help to characterize the effects of changes in corporate objectives on managerial decisions related to financial reporting.
Application of evidence-based management to chronic disease healthcare: a framework
Authors: Agnihothri Saligrama , Agnihothri Raghav 
Published: July 2018

Purpose
The purpose of this paper is to develop a framework for the application of evidence-based management to chronic disease healthcare.

Design/methodology/approach
Chronic healthcare is specially characterized by recursive patient-physician interactions in which evidence-based medicine (EBM) is applied. However, implementing evidence-based solutions to improve healthcare quality requires managers to effect changes in many different areas: organizational structure, procedures, technology and in physician/provider behaviors. To complicate matters further, they must achieve these changes using the tools of resource allocation or incentives. The literature contains many systematic reviews evaluating the question of physician and patient behavior under various types and structures of incentives. Similarly, systematic reviews have also been done regarding specific changes to the healthcare process and their effectiveness in improving patient outcomes. Yet, these reviews uniformly lament a lack of appropriate data from well-organized studies on the question of “Why?” solutions may work in one instance while not in another. The authors present a new theoretical framework that aids in answering this question.

Findings
This paper presents a new theoretical framework (Influence Model of Chronic Healthcare) that identifies: the critical areas in which managers can effect changes that improve patient outcomes; the influence these areas can have on each other, as well as on patient and physician behavior; and the mechanisms by which these influences are exerted. For each, the authors draw upon, and present the evidence in the literature. Ultimately, the authors recognize that this is a complex question that has not yet been fully researched. The contribution of this model is twofold: first, the authors hope to focus future research efforts, and second, provide a useful heuristic to managers who must make decisions with only the lesser-quality evidence the literature contains today.

Originality/value
This model can be used by managers as a heuristic either ex ante or ex post to determine the effectiveness of their decisions and strategies in improving healthcare quality. In addition, it can be used to analyze why actions or decisions taken achieved a given outcome, and how best to proceed to effect further improvements on patient outcomes. Last, the model serves to focus attention on specific questions for further research.
Sustainable consumption and growth: Examining complementary perspectives
Authors: Salimath Manjula S. , Chandna Vallari 
Published: July 2018

PurposeBy drawing attention to the finite rather than unlimited nature of physical resources, the purpose of this paper is to: examine the implications of the (near absolute) emphasis placed on firm growth on sustainable consumption; and discuss complementary perspectives spanning individual, firm and societal levels that allow for both firm growth and sustainable consumption.Design/methodology/approachThe authors integrate multidisciplinary insights from marketing, sociology, environmental sciences, management and economics, to understand the inherent tensions between unchecked firm growth, consumption and sustainability. Five propositions link production, consumption and marketing from a resource standpoint.FindingsA ceaseless economic growth paradigm and overconsumption causes an unwarranted depletion of resources and is at odds with sustainability. Firms can play an important role by guiding future marketing and production toward sustainable ends. Several alternate perspectives support the case that growth may coexist and align with sustainable consumption. Consequently the authors consolidate and reflect on seven approaches (voluntary simplicity, humane consumption, CSR 2.0, social marketing, marketing 3.0, anti-positional economy and degrowth) that hold promise for achieving sustainability via responsible growth and consumption.Originality/valueThe authors consider the complex triad of growth, consumption and sustainability that spans multiple levels. A focus on the pattern and nature of growth and consumption helps to identify its effects on sustainability. Specifically, two value chain activities – production and marketing may be leveraged as firm level initiatives to achieve sustainable goals. In addition, the authors present seven heterogeneous perspectives that complement firm attempts to achieve growth with sustainable consumption. Implications for theory and practice are discussed.
An analysis of the community perceptions of well-being
Authors: Iskandar Zainuddin Rela , Awang Abd Hair , Ramli Zaimah 
Published: July 2018

Purpose
The purpose of this paper is to develop and validate a measurement scale for the local community perceptions of community well-being (CWB) based on the presence of nickel mining activities in Indonesia.

Design/methodology/approach
The measurement uses the conceptual approach of CWB developed in Australia by Walton et al. (2014) and the multidimensional CWB model created by Kim and Lee (2014) in Korea, which applies social, economic, environmental, health, political and infrastructural dimensions. The basis of measurement in this study involves 490 communities living in neighborhoods where the nickel industry is located.

Findings
A six-dimensional scale of 29 items is proposed to measure CWB perceptions based on the presence of corporate social responsibility (CSR) by the nickel mining and processing industry.

Research limitations/implications
Despite attempting to sum up the scale by associating it with the distinctive social settings created in this study, this work did not cost much in communicating these scales. The predictive validity of the scales needs to be corroborated by new studies related to CWB construction (measured by CWB scales) with other variables specified in the literature.

Practical implications
This paper presents complete scale development and can provide policies for governments, particularly in Indonesia. Moreover, the CWB scale might be utilized by different entities (e.g. NGOs, open experts and social group media) to determine the view of genuine clients regarding the association’s CSR execution.

Originality/value
Although CWB research has been done, the dimension and measurement scale of CWB in the area of recipient of the CSR program from the nickel mining and processing industry has not been studied in Indonesia. In addition, multivariate regression analysis has been frequently used for data analysis; the authors used SEM Smart-PLS as an alternative with paramount predictive accuracy.
Educators, professional bodies and the future of the valuation profession
Authors: Wilkinson Sara , Halvitigala Dulani , Antoniades Hera 
Published: July 2018

Purpose
Valuers face significant challenges as valuation becomes automated and the role evolves from economic analysis to data handling and processing. The purpose of this paper is to identify new knowledge and skills Valuers will need in the future and the role of professional bodies and educators in meeting future challenges in Australia, although the issues are considered global.

Design/methodology/approach
This qualitative research sought a deeper understanding of the issues, threats, challenges, opportunities, new areas of practice and knowledge that Valuers were experiencing with a view to identifying the role of professional bodies, industry and educators to meet the challenges. A focus group approach was adopted to collect data from practitioners in Sydney and Melbourne.

Findings
The roles of the professional body the Australian Property Institute, industry/employers and educators to meet these future challenges were identified. Changes are required to degree programme content in respect of digital technologies and statistical knowledge and skills. Continuing professional development programmes are required to address knowledge and skills gaps in existing practitioners.

Research limitations/implications
In this study, key limitations were that focus group participants were from Melbourne and Sydney only, and the focus is NSW and Victoria centric, although many participants have international work experience. Overall there was under representation of rural Valuers, of small valuation firms, of young, recently joined or qualified Valuers and females.

Originality/value
This is original research and highlights some real threats, issues and challenges facing the Australian Valuers. It complements work undertaken by legal and accounting professional bodies who perceive change and uncertainty affecting membership and services. To address and where, appropriate, embrace the changes that are coming and those already here, a manifesto for action for educators and the professional body is established.