Conflict between individuals, organisations and communities is inevitable. In negotiation analysis, achieving a win-win situation is imperative. Negotiators should strive to achieve this situation in any negotiation exercise as it is not wise that the win of one party is in the expense of the...

This paper proposes a definition and an algorithm to compute the value created in an economic process. The created value is the amount of value, from the gross value added, that exceeds a minimum value to return and the latter is defined as the quantity of value that should be returned to the...

Fusion of new technologies and convergence has led to the emergence of new industries. This paper uses patent data of the paper and electronics companies to evaluate their overlapping technologies in discovering new businesses based on technology convergence. Patent data was collected from the...

Marketing activities during the phase of product launch have an effect on the success of new products. This is especially important in a high-technology context, since customers face high risk when purchasing these products. This uncertainty can be reduced with the right marketing strategy. One...

This paper presents INTACO, a hybrid Ant Colony Optimisation (ACO) algorithm coupled with a local search applied to the joint production and preventive maintenance scheduling problem in the flowshop sequencing problem. INTACO uses pheromone trail information to perform modifications on complete...

This paper presents a complete quantitative model to estimate the potential benefits of simulation-based projects over the conventional approach. In the semiconductor industry, technology computer-aided design has shown a great potential for rapid and cost-effective development of advanced...

In this paper, we wanted to provide an insight on the rural electrification programme through two successful case studies in the USA and China. The reason for choosing those two is one represents a developed economy which is the USA while the other represents a developing economy embodied by...

Pakistani aviation industry's requirement of components and raw material for meeting customer's orders are of heterogeneous nature. Bought out components used in different assemblies and raw material for manufactured parts are imported. It results into receiving parts which may not conform to...

Flexibility in manufacturing systems allows the management to actively react to some unexpected market events, allowing them to take advantage from these events, and simultaneously reduce their losses. Flexible systems have greater costs than dedicated ones. Thus, a correct evaluation of this...