Resource Investment Decisions Research Articles

New Power System Planning and Evolution Path with Multi-Flexibility Resource Coordination

With the continuous development of large-scale wind and photovoltaic power worldwide, the net load fluctuation of systems is increasing, thereby imposing higher demands for power supply assurance and new energy consumption capacity within emerging power systems. It is imperative to establish a quantifiable and efficient model for planning new power systems, to propose an analytical approach for determining optimal evolutionary paths, and to advance research on flexible resource planning across wide areas. In this paper, based on the simplified operating characteristics of multi-type flexible resources, a source-grid-load-storage collaborative planning and evolution analysis framework is established. Secondly, the lowest total cost of the whole life cycle of the system is taken as the optimization goal, the multiple flexible resource investment decisions and production operation constraints of various flexible resources on all sides of the system are considered, and the source-grid-load-storage planning model is established. Then, through the investment decision-making strategy setting of the system in different planning level years, the evolutionary path analysis method of the whole life cycle economy and weighted environmental protection benefit of the system is given. Finally, by taking the sending-end power grid in Gansu Province as an example, a case study is carried out. Calculations of new energy, key channels within the province, energy storage capacity, and load-side response capacity requirements for 2025, 2030, and 2060 are optimized. Based on the above analysis, the optimal evolution path of the power grid is proposed. When considering the weighted benefits of economy and environmental protection, the greater the weight of environmental protection benefits, the greater the possibility of choosing a radical scheme. The model and method proposed in this paper can provide technical reference for the future development planning and evolution analysis of new power systems.

Economic Resilience and Sustainable Finance Path to Development and Convergence in Romanian Counties

Economic resilience and sustainable finance are two interlinked and crucial issues for development and convergence in Romania’s counties increasing cohesion. These issues can contribute to sustainable and balanced growth of local and regional economies and to the reduction of inequalities in regional development. Economic resilience in counties refers to their capacity to adapt and survive in the face of unforeseen economic shocks or challenges, and sustainable finance refers to ensuring responsible management of financial resources to support long-term development and protect the environment. Identifying and understanding the significant variations in economic resilience and sustainable financing between counties is essential for the formulation of regional development policies and strategies. These variations provide valuable information about the vulnerabilities and opportunities of individual counties and guide resource allocation and investment decisions. The research provides new data and relevant information on the significant variations among counties in economic resilience and sustainable financing, using a Markov transition probability matrix and exploratory–visual method. This study on Romanian counties aims to provide valuable information for the formulation of public policies to support balanced economic development across the country. The results showed that economic diversification is essential to increase the resilience of the economy to shocks and fluctuations. Counties that have a diversified economic structure, with multiple sources of income and economic activities, are less vulnerable to the negative impact of economic or natural events. Governance and political stability are key factors in creating a favorable environment for investment and economic development. Well-managed government policies can help maintain macroeconomic stability and increase the resilience of the economy to external fluctuations.

How does high-performance work system influence employees' creativity? The role of critical reflection and human resource management attribution

PurposeHigh-performance work system (HPWS) is considered a solid predictor of both organizational and individual outcomes. The current study examines the impact of employees' perception of HPWS and supervisor-rated employee creativity (EC). Critical reflection is hypothesized as a mediator of the above relationship. Human resource management (HRM) attribution moderates the indirect relationship between HPWS and EC and completes a moderated mediation model.Design/methodology/approachA quantitative research design is adopted with data collected from 531 employees and their direct supervisors from 12 firms in Vietnam. Partial least square structural equation modelling is used to test the hypotheses.FindingsEmployees' perception of HPWS is significantly associated with supervisor-rated creativity. Critical reflection has been found to partially mediate the above relationship. In addition, employees' exploiting attribution of HPWS intensifies the positive relationship between HPWS and critical reflection.Research limitations/implicationsThe research suggests that HPWS can be viewed from both the bright and dark sides. The resource offered by HPWS goes hand in hand with pressure from high-performance expectations. Employees may need to engage in a resource investment decision to avoid net resource loss. In addition, attention should be paid to employees' perception of the justification for HPWS implementation.Originality/valueThis study offers an alternative way to explain the association between HPWS and employee creativity. Based on the Conservation of Resource Theory, employee creativity is viewed as a stress coping strategy with HPWS conceptualized as a stressor. In addition, the mediating role of critical reflection represents a novelty. Furthermore, the role of HRM attributions is explained.

Matching of resource use and investment according to waterbody size in recreational fisheries

The size of an ecosystem affects ecological interactions, but less is known about how ecosystem size may affect social interactions. We posit that ecosystem size could serve as a basis for understanding and contextualizing social interactions, connecting how ecosystem size influences natural resource investment decisions and the use of ecosystem services. We leverage international (Canada, Czech Republic, Germany, United States of America) inland recreational fishery data to explore whether certain ecosystem sizes receive a disproportionate amount of fish stocked (a measure of resource investment) and attract more angler effort – our measure of an ecosystem service. We find that smaller lentic waterbodies receive a disproportionate amount of fish stocked per area and also attract more angler effort per area consistently in all four countries. Therefore, we find that resource use and resource investment is matched by ecosystem size. We conclude that small waterbodies are prioritized by both managers and users and contribute more (per area) to recreational fisheries compared to large and more visible waterbodies on the landscape. An increasing focus on smaller-sized lakes and rivers, also those anthropogenically created, in science, assessment, and management is warranted.

The Burden of Critical Illness in Hospitalized Children in Low- and Middle-Income Countries: Protocol for a Systematic Review and Meta-Analysis.

BackgroundThe majority of childhood deaths occur in low- and middle-income countries (LMICs). Many of these deaths are avoidable with basic critical care interventions. Quantifying the burden of pediatric critical illness in LMICs is essential for targeting interventions to reduce childhood mortality.ObjectiveTo determine the burden of hospitalization and mortality associated with acute pediatric critical illness in LMICs through a systematic review and meta-analysis of the literature.Data Sources and Search StrategyWe will identify eligible studies by searching MEDLINE, EMBASE, CINAHL, and LILACS using MeSH terms and keywords. Results will be limited to infants or children (ages >28 days to 12 years) hospitalized in LMICs and publications in English, Spanish, or French. Publications with non-original data (e.g., comments, editorials, letters, notes, conference materials) will be excluded.Study SelectionWe will include observational studies published since January 1, 2005, that meet all eligibility criteria and for which a full text can be located.Data ExtractionData extraction will include information related to study characteristics, hospital characteristics, underlying population characteristics, patient population characteristics, and outcomes.Data SynthesisWe will extract and report data on study, hospital, and patient characteristics; outcomes; and risk of bias. We will report the causes of admission and mortality by region, country income level, and age. We will report or calculate the case fatality rate (CFR) for each diagnosis when data allow.ConclusionsBy understanding the burden of pediatric critical illness in LMICs, we can advocate for resources and inform resource allocation and investment decisions to improve the management and outcomes of children with acute pediatric critical illness in LMICs.

Human Capital resource as cost or investment: A market-based analysis

This study empirically investigates the myopic behavior of the stock market toward firms’ human capital resource investment, paying particular attention to two key proxies: human resource expenditure and the firm value added allocated to the employees. Focusing on human capital resource investment decisions’ alignment with near versus longer-term emphasis by investors, we examine firms listed in the Financial Times Stock Exchange (FTSE) 100 over a five-year period using an established accounting-based valuation model. Our results show that human capital investment discourse leads to overweighting of the forecasted longer-term earnings in the apportionment of share price constituents, suggesting that investors consider investment in employees to generate more return in the longer-term. Additionally, our findings prove that investors respond to firm level human capital resource as an investment generating more return in the longer-term. This emphasises the importance of communicating human capital resource investment information that accurately reflects the firm value creation via employees in external financial reporting.

Investment Decisions on Physical Activity Promotion: A Locality Case Study in Complex Public Health Policy Making

The role of ‘best investment’ methodology in shaping priorities in many health policy areas is becoming increasingly prominent. Whilst this has traditionally been seen as a technocratic exercise, the social and political context of such practices and the constructed nature of decisions are now considered significant. In this context, this article reports on a longitudinal case study of such a process that sought to identify ‘best investments’ in public health interventions related to promoting physical activity. Drawing on a series of conceptual resources, we describe and reflect upon the complex and invested elements that contributed to the grounded decision-making process. In conclusion we suggest the need to adopt a multifaceted and nuanced approach to resource investment decision making, including: deploying a range of appraisal assessment resources; maintaining a long-term processual perspective; involving a variety of stakeholders; accepting and embracing fallibility; and accommodating theoretical and empirical evidence-based principles.

Benefit distribution and stability analysis of enterprises’ technological innovation cooperation alliance

Aiming at the stability problem of the technological innovation cooperation alliance formed by multiple enterprises, the cooperative game theory is used to analyze the benefit distribution mechanism of technological innovation cooperation among enterprises. Based on the amount of resources invested by enterprises in technological innovation cooperation alliances, a profit model for enterprise technological innovation cooperation is constructed. According to the Shapley value method, a profit distribution mechanism that can maintain a stable cooperative relationship is proposed, which is explicitly explained by application examples. We find that when the synergic coefficient of cooperation between enterprises is not less than 0, each enterprise can increase the benefits of technological innovation through cooperative alliances. The benefit distribution mechanism of the Shapley value method can maintain the stability of enterprise technological innovation cooperation alliance. The enterprises who participate in the alliance can make targeted resource investment decisions based on different parameters through our analytical analysis. Our results show that these parameters, namely the contribution coefficient and degree of the synergetic effect have positive affect on the benefits to the enterprises in the alliance, while the cost coefficient of invested resources has negative affect on the benefits to the enterprises in the alliance.

Energy futures: A new equilibrium model for resource extraction and investment decisions

Energy futures: A new equilibrium model for resource extraction and investment decisions

LMX Differentiation and Voice Behavior: A Resource-Conservation Framework

The purpose of this article is to investigate how and when leader–member exchange (LMX) differentiation influences employees’ voice behavior by examining trust as a psychological process and two types of leader power as opposite moderators. Based on a sample of 61 teams from an energy corporation in China, we tested a moderated mediation model using multilevel structural equation modeling. The results show that LMX differentiation is negatively related to employees’ trust in leaders and, in turn, reduces employees’ voice behavior. Moreover, leader reward power negatively moderates the influence of LMX differentiation on employees’ trust in leaders such that the relationship is stronger when leader reward power is low but not significant when leader reward power is high. Leader coercive power positively moderates the relationship such that it is stronger when leader coercive power is high but not significant when leader coercive power is low. Furthermore, these two types of power moderate the indirect relationship between LMX differentiation and employees’ voice via their trust in leaders. This study is the first to unpack the mechanism that links LMX differentiation and voice behavior and the conditions under which LMX differentiation can exert influence. This study delineates a resource-based process with conservation of resources theory through which employees appraise the social stressor (LMX differentiation), perceive the value of future resource investment (trust), strategically respond to resource signals (leader power), and finally make resource investment decisions (voice behavior).

Research on Knowledge Resources Investment Decisions in Cooperated New Product Development

Existed researches on resources investment decisions in cooperated new product development always omit the enterprise’s knowledge level, often ignore the impact of knowledge resources on the value of new products and cooperation. Based on the existing research on transactional behavior among supply chain enterprises, most of them consider the transaction of physical substances and less consider knowledge resources, this paper takes the cooperated R & D among enterprises as an example to explore the optimal resource investment decisions of cooperative participants under the condition that both parties invest knowledge resources. By constructing the Stackelberg game model, we discussed the optimal cooperative decisions of manufacturers and suppliers, and the influences of different factors on cooperative decision-making.

Outcome versus process value in service delivery

Purpose This study is embedded in social exchange and transaction cost theories. The purpose of this paper is to compare the relative importance of process value and outcome value in building affective and cognitive relationship strength and to compare the relative effects of each type of relationship strength on attitudinal and behavioral loyalty. Design/methodology/approach This empirical study features a quantitative approach. The sample comprises 167 business-to-business (B2B) customers of a large transportation and logistics company in Vietnam. Findings Process value and outcome value have different effects on affective relationship strength. The effect of process value is greater than that of outcome value. In addition, cognitive strength has a stronger impact on both attitudinal and behavioral loyalty than affective strength. Research limitations/implications These insights extend extant literature regarding the process and outcome components of the service assessment. Further studies also should use a cross-industry, cross-country sample to examine the potential moderating effects of country- or industry-specific factors. These findings show B2B managers how to make appropriate resource allocation and investment decisions to enhance relationship strength and resulting customer loyalty. Originality/value To clarify the links among customer value, relationship strength and customer loyalty, this study examines the relative importance of rational and non-rational factors (i.e. process value vs outcome value and affective strength vs cognitive strength) for relationship performance. Unlike most prior research, this study is set in the B2B context of a developing country.

Human resource information and investment decisions

Human resource information and investment decisions

Study on the Application of Real Options in Coal Resources Investment

This paper uses the real options approach to conduct research on the coal resources development investment decision by literature studies, the combination of theoretical research and practical research. It has carried on the systematic overall retrospect to the domestic and international research results about real option. It introduces and analyzes the real option theory on the basis of analyzing and appraising to the traditional investment methods systematically in detail. This paper has studied the value of the investment project again with the real option theory. It sums up the application area, step and analyzing frame of real option theory, and analyzes the insufficiency of the traditional investment decision on the basis of comparing with traditional coal resource investment decision, and proposes some improvement suggestions.

Ecosystem services and resource management: Institutional issues, challenges, and opportunities in the public sector

Application of ecosystem services measurement and analysis to natural resource planning, investment, and management decisions has gained momentum over the past decade. This momentum springs from a confluence of practical conservation challenges and conceptual developments. In particular, the ecosystem services focus emphasizes an appreciation of the social and economic values of natural resources and ecological systems. Despite a growing interest in ecosystem services and their incorporation into public-sector decisions and transactions, a number of institutional challenges complicate these efforts. These challenges include dispersed agency authorities and jurisdictional fragmentation that may constrain the geographic scale of public-sector transactions or cross-jurisdictional planning and actions. Challenges also include limitations on agency capacities to adjust decisions in the face of changing resource conditions and new information. Nonetheless, many agencies have flexibility to incorporate ecosystem services assessments into their planning, use them to inform spending choices, and develop markets based on ecosystem services concepts. Challenges are, thus, more instrumental and practical rather than legal and structural.

Improving human resources for health planning in developing economies

There is a universal consensus that human resources represent the heart and soul of effective health systems everywhere. However, despite this consensus, human resource planning in low income countries remains a neglected, often poorly implemented and ineffective component of health-system development. The planning exercises that do take place are often inefficient, use inappropriate planning models or fail to adequately prioritize human resource investment decisions. This article briefly discusses possible reasons why this failure occurs and describes four key steps that can help health system planners more effectively prioritize and link human resource for health investment decisions to health system strategy and programmatic initiatives. Implications for human resource development practice and national human resource development are discussed.

IMPLEMENTASI KONSEP BALANCED SCORECARD DALAM MANAJEMEN SUMBER DAYA MANUSIA

Facing the competitive rivalry, many organization have implemented a tool to measure their performance. Organization have to measure the performance and contribution to the increase in the value of assets. Organizations not only measure financial performance but also non-financial. One of the competitive advantages of the organization is human resource. Consequently, there is increased emphasis on the importance of human resource performance measurement and determine how the contribution of human resources to organizational performance. Human Resources Scorecard (HR Scorecard) is a measurement system that links human resources with the company's strategy and performance will eventually be able to create awareness about the consequences of human resource investment decisions, so that the investment can be done in the right way and the right amount. Important element of the HR Scorecard is deliverable, use of High Performance Work Systems, HR Systems Alignment, HR Efficiency. The design phase of HR measurement system HR Scorecard approach as follows, 1) Identifying Competence HR Manager, 2) Measurement of High Performance Work Systems, 3) Measuring HR Alignment System, 4) resource efficiency, 5) HR Deliverables. One step implementation HR scorecard is a continuous monitoring and reporting of the target set strategic objectives are achieved. To the organizations, the measurement can be helpful in controlling the cost of value creation of the company, assess the contribution of HR to strategy implementation and support organizational change and flexibility. Keywords: Competitive advantage, performance measurement, HR, HR Scorecard

Marketing or R&D?

We examine how contextual uncertainty moderates the influence of initial resource investment decisions on start-up financial performance. Drawing on resource based theory, we consider how managers’...

Industry Implications of Value Creation and Appropriation Investment Decisions*

Managers face a critical task in making firm investment decisions that are targeted toward creating and appropriating value. As managers weigh their resource investment decisions, we argue that these investments have a direct impact on the growth and volatility of the firm's industry. With data covering 377 industries across 16 years, we investigate relationships for aggregate firm investments on the growth and volatility of industry profit and sales. Results reveal important, complex relationships between investment in value creation and appropriation and different elements of the industry environment. Implications for management theory and practice are discussed.

Develop to Sell: How the Supply of Strategic Resources Responds to Product Market Competition

This paper uses a formal model to investigate how competition in the product market affects the type of resource supplied in a factor market. A resource supplier chooses how much to invest to create a resource that creates value when deployed in the product market. The supplier sets up an auction for selling the resource to one of two bidding firms which compete with each other in the product market. Because bidders compete with each other in the product market, the acquisition of the resource creates a negative externality on the loser of the auction. The externality is more severe if competition in the product market is more intense and partially drives the bidding behavior in the factor market, leading to the possibility of apparent overbidding. In turn, the externality affects the resource investment decisions of the resource supplier prior to the auction. Depending on the ex ante complementarity of the resource and the extent to which it can be specifically customized to each bidder, the resource supplier may invest the most into developing the resource for the bidder who will ultimately not acquire it. These decisions are rational for the supplier because they maximize profits in the factor market. Moreover, the model suggests that resources acquired in factor markets will be characterized by low firm-specificity while those developed by users will be highly firm-specific even if resources are actually similar prior to development.