Eliminating Waste: A Principal Agent Model with respect to Human Capital

Eliminating Waste: A Principal Agent Model with respect to Human Capital

Author: Stefan Georg Hunger

Publisher: diplom.de

Published: 2005-10-07

Total Pages: 97

ISBN-13: 3832490396

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Inhaltsangabe:Abstract: Utopia, the ideally perfect state in social and moral aspects, the imaginary island represented by Thomas More in 1516 enjoying the greatest degree of perfection in politics and laws, the perfect society, have we already reached it? Several artists and authors who dealt with the subject of geographical design and functional planning of new municipal constructions have elaborated drafts and ideas about future types of society and urbanity as a Utopia of a technological and highly regulated society. This genre of literature culminated in masterpieces such as Fritz Lang s Metropolis (1927), Aldous Huxley s Brave New World (1931) and George Orwell s Nineteen Eigthy-Four (1949). In their visions the modern city provides a lifestyle full of comfort and convenience: push button factories, flyways that put an end to traffic jams, electronically operated high-speed trains and many other inventions that are a vital part of a goal-oriented urban management to ensure maximal efficiency. However, Fritz Lang as well as Huxley and Orwell show that all the convenience and comfort is a thigh costs. The urban habitat is depressing and in its design not aimed at recreation and personal development but at control of each individual. This culminates in the erosion of any kind of individualism. The life on the assembly line de-individualizes the inhabitants, equalizes and transforms them into machines that mechanically perform their work. Moreover, the people are no longer distinguishable, they wear the same clothes, and finally they are as the machines as which they work for... In this light, as a consequence of industrialization and the quest for maximal efficiency, the trepidation emerges whether we are running into a state of deprivation, oppression, and terror. Are we developing towards a Dystopia, a state in which the condition of life is extremely depressing? This is the starting point for a theory of optimal employment of resources, of banishing waste, a quest in pursuit of excellence, without disregarding the focal point, the individual. In fact, among successful managers there are no two identical strategies, management models or packages of techniques. To desperately cling to systems and self proclaimed panacea definitely is the wrong way as it is to call for an ideal rather than an effective manager. As Fredmund Malik (2000) argues that the key to the achievements of effective managers is not their personality but their way [...]


Discharging Congress

Discharging Congress

Author: Colton C. Campbell

Publisher: Bloomsbury Publishing USA

Published: 2001-11-30

Total Pages: 210

ISBN-13: 0313073740

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The creation of temporary, independent advisory bodies that give advice to Congress, is an important yet under-investigated area of congressional delegation. With variations to fit the circumstances, lawmakers entrust commissions to accomplish diverse goals, such as coping with increases in the scope and complexity of legislation, forging consensus, drafting legislation, finessing institutional obstacles, coordinating strategy, and promoting party unity. Campbell investigates why and when Congress formulates policy by commissions rather than by the normal legislative process. He shows that many variables go into the decision to entrust those bodies to render non-partisan recommendations. According to lawmakers and their staff, the three primary justifications for choosing to delegate to commission include expertise, workload, and avoidance. Which of these three dominates depends in large part on the politics surrounding a particular issue and the nature of the policy problem. The logic of delegation to each of the three commission types is different. Which reason dominates depends in large part on the politics surrounding the issue and the nature of the legislative policy problem. Scholars, students, and other researchers involved with Congress, American government, and public policy will find the study of particular interest.


Contemporary Financial Intermediation

Contemporary Financial Intermediation

Author: Stuart I. Greenbaum

Publisher: Elsevier

Published: 2007-03-20

Total Pages: 666

ISBN-13: 0080476813

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Contemporary Financial Intermediation, Second Edition, brings a unique analytical approach to the subject of banks and banking. This completely revised and updated edition expands the scope of the typical bank management course by addressing all types of deposit-type financial institutions, and by explaining the why of intermediation rather than simply describing institutions, regulations, and market phenomena. This analytic approach strikes at the heart of financial intermediation by explaining why financial intermediaries exist and what they do. Specific regulations, economies, and policies will change, but the underlying philosophical foundations remain the same. This approach enables students to understand the foundational principles and to apply them to whatever context they encounter as professionals. This book is the perfect liaison between the microeconomics realm of information economics and the real world of banking and financial intermediation. This book is recommended for advanced undergraduates and MSc in Finance students with courses on commercial bank management, banking, money and banking, and financial intermediation. Completely undated edition of a classic banking text Authored by experts on financial intermediation theory, only textbook that takes this approach situating banks within microeconomic theory


Hearings

Hearings

Author: United States. Congress. Senate. Committee on Labor and Public Welfare

Publisher:

Published: 1967

Total Pages: 1516

ISBN-13:

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Examination of the War on Poverty

Examination of the War on Poverty

Author: United States. Congress. Senate. Committee on Labor and Public Welfare. Subcommittee on Employment, Manpower, and Poverty

Publisher:

Published: 1967

Total Pages: 1396

ISBN-13:

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May 26 hearing held in Sparta, Wis.


The Political Economy of Rent-Seeking

The Political Economy of Rent-Seeking

Author: Charles Rowley

Publisher: Springer Science & Business Media

Published: 2013-04-17

Total Pages: 480

ISBN-13: 1475719639

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It is now twenty years since the concept of rent-seeking was first devised by Gordon Tullock, though he was not responsible for coining the phrase itself. His initial insight has burgeoned over two decades into a major research program which has had an impact not only on public choice, but also on the related disciplines of economics, political science, and law and economics. The reach of the insight has proved to be universal, with relevance not just for the democracies, but also, and arguably more important, for all forms of autocracy, irrespective of ideological com plexion. It is not surprising, therefore, that this volume is the third edited publication dedicated specifically to scholarship into rent-seeking behavior. The theory of rent-seeking bridges normative and positive analyses of state action. In its normative dimension, rent-seeking scholarship has expanded, enlivened, in some respects turned on its head, the traditional welfare analyses of such features of modern economics as monopoly, externalities, public goods, and trade protection devices. In its positive dimension, rent-seeking contributions have provided an important analy tical perspective from which to understand and to predict the behavior of politicians, interest groups and bureaucrats, the media and the academy within the political market place. This bridge between normative and positive elements of analysis is invaluable in facilitating an understanding of and evaluating the costs of state activity within a consistent paradigm.


Intelligent Decision Technologies

Intelligent Decision Technologies

Author: R. Neves-Silva

Publisher: IOS Press

Published: 2013-06-13

Total Pages: 460

ISBN-13: 1614992649

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The field of intelligent decision technologies is interdisciplinary in nature, bridging computer science with its development of artificial intelligence, information systems with its development of decision support systems, and engineering with its development of systems. This book presents the 45 papers accepted for presentation at the 5th KES International Conference on Intelligent Decision Technologies (KES-IDT 2013), held in Sesimbra, Portugal, in June 2013. The conference consists of keynote talks, oral and poster presentations, invited sessions and workshops on the applications and theory of intelligent decision systems and related areas. The conference provides an opportunity for the presentation and discussion of interesting new research results, promoting knowledge transfer and the generation of new ideas. The book will be of interest to all those whose work involves the development and application of intelligent decision systems.


Aligning Lean and Value-based Management

Aligning Lean and Value-based Management

Author: Gerd Kaufmann

Publisher: Springer Nature

Published: 2020-03-06

Total Pages: 261

ISBN-13: 3030384675

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This book explores the relationship between and the compatibility of lean management (LM) and value-based management (VBM) approaches at the systems level. It then develops a model to improve LM and VBM professional practice by fostering a shared understanding of the value creation process within a lean system, and in doing so helps to remove existing barriers. The results promote future fruitful alliances between a company's operational and financial communities, enhancing the benefits to the enterprise and its stakeholders. The book is of primary interest to LM and VBM professionals and researchers.