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Optimizing Franchising Investment Decision Using Electre and
Rompedet Methods
-- Isac Claudia,
Niþã Dorina and Dura
Codruþa
This paper dwells upon the problem of investments in the franchising system seen from a
`pure technical' point of view and it tries to identify new ways to apply some methods and
techniques used in adopting optimum solutions in businesses. It resorts to two distinct methodsthe
Electre method (elaborated by French specialist Bernard Roy and considered as one of the most
efficient methods of adopting multi-criteria decisions in conditions of certainty) and Rompedet method
(an original product of the Romanian management school)in order to solve the decisional
situation described here. As a consequence, the problem of optimizing the decision regarding the
selection of a business out of the available franchise opportunities can be solved accordingly by both
the methods described in this paper. However, it is necessary for the decisional situation
presented here to reduce or to even eliminate (in case this could be possible) the subjectiveness of
decisional factors in relation to the appraisal of alternatives.
© 2010 IUP. All Rights Reserved.
What Determines the Academic and Professional Participation
of Economists?
-- S K Mishra
This paper investigates into the factors responsible for variations in participation of economists
of different countries in academic and professional activities reflected in their intellectual output.
It is based on the data published by the Internet Documents in Economics Access Service
(IDEAS) for August 2008. It is observed that economists of some countries participate more vigorously
in academic and professional activities. The level of development (as measured by per capita
income and literacy rate) of a country determines the academic and professional participation
of economists. The extent of participation also depends on infrastructural facilities,
prevailing academic environment and involvement of the academics in research and publication. Of
late, after the implementation of the Sixth Pay Commission Report of the Government, The
Ministry of Human Resource Development, Government of India, is planning to introduce
publication-based academic evaluation of teachers for promotion, etc. If the scheme of evaluation is
formulated and implemented properly, it may have some positive impacts on the
publication-based academic involvement of university and college teachers.
© 2010 IUP. All Rights Reserved.
Indian Registered Manufacturing Sector: Changing Structure
and Performance, 1980-2004
-- Santosh Kumar Das
The present paper intends to study the changing structure and performance of the Indian
registered manufacturing sector from 1980-81 to 2003-04 at two-digit level of industrial
classification. To analyze the structure and performance, trend growth rates and structural ratios have
been calculated. The study period has been divided into two parts, pre-reform period (1980-81 to
1990-91) and the post-reform period (1991-92 to 2003-04). Further, to understand the pattern of
performance at a more disaggregated level, the post-reform period has been divided into two
parts, early part of the post-reform period (1991-92 to 1999-2000) and the later part of the
post-reform period (2000-01 to 2003-04). Using the Annual Survey of Industries (ASI) data, the study
found, there has been industrial slowdown during the later part of the post-reform
period. And as far as the performance of the manufacturing sector is concerned, it has been at its best during the
1990s (1991-92 to 1999-2000).
© 2010 IUP. All Rights Reserved.
Performance Assessment of University Departments Using DEA:
An Exploratory Study (Shahid Bahonar University of Kerman, Iran)
-- Seyed Hamed Moosavi Rad, Ali Reza Naderi and Seyed Morteza Moosavi Rad
Although teaching and research are considered as the two major tasks of any university, they
are difficult to measure. To measure the relative efficiency of a set of Decision-Making
Units (DMUs) that utilize the same inputs to produce the same outputs, Data Envelopment
Analysis (DEA) has been demonstrated to be a suitable method. The Faculty of Management and
Economics is one of the several faculties of Shahid Bahonar University of Kerman in Iran. It consists
of three departments, viz., accounting, business administration and economics. This paper uses
DEA method to assess the relative efficiency of these departments in 1386 solar year (2007-08)
for ranking them with regard to research performance.
© 2010 IUP. All Rights Reserved.
Performance of Haryana Financial Corporation in Liberalized Era
-- Sushma Rani Verma
State Financial Corporations (SFCs) provide finance to industries. They were established with
the purpose of promoting the growth of small, medium and large-scale industries in the country
in order to augment the growth of industries and make the nation self-sufficient. They play a
major role in the industrial development of regions. SFCs have been providing finance, technical
know-how, etc., to the small and medium-scale industries in the states. The
main objective of the study is to analyze the performance of Haryana Financial Corporation
(HFC) in giving financial assistance to Small-Scale Industries (SSI) in liberalized era. The study is analytical in nature,
throwing light on the financing pattern of SSI sector by HFC, covering year-wise, type-wise,
industry-wise, constitution-wise, size-wise and district-wise credit sanctions and disbursements in Haryana.
The data for the present study have been obtained from the annual reports of HFC. Result
shows overall negative growth rates of loans sanctioned as well as of loans disbursed by HFC during
the study period. Constitution-wise, size-wise, industry-wise and district-wise classification of the
data also reveal poor performance of HFC in the era of liberalization. HFC has also failed in its
objective of balanced development, as most of the sanctions have been made only to a few districts
of Haryana and a small share of the total amount sanctioned has gone to the backward
districts. Moreover, the percentage share of arrears is increasing and recovery ratio is decreasing
year-by-year.
© 2010 IUP. All Rights Reserved.
Special Economic Zones
for Rapid Industrialization and Regional Development: Progress
and Concerns
-- D Nagayya and T V Rao
The paper analyzes the formally approved, notified, and approved
in-principle Special Economic Zones (SEZs) in India in a number of ways for the period 2006
to mid-June 2009. It outlines the differences in approaches of Export Processing Zones
(EPZs)/Export-Oriented Units (EOUs) and SEZs, and presents the features of SEZ policy with respect
to SEZ developers and SEZ units, with reference to multi-product, multi-service and
sector-specific SEZs in normal states and special category states/union territories. Some current issues,
with brief review of earlier approaches, and safeguards to be put in place regarding SEZs, have
also been outlined in this paper. Geographical and sector-wise concentration of SEZs, size of
area acquired for different product groups, division of zone into processing and non-processing
area indicating proportions, large-scale acquisition of fertile farm land through forceful means, use
of cultivable land for SEZs, land acquisition process, compensation payable to displaced persons,
a comprehensive rehabilitation and resettlement policy, protection to the labor, and
environmental issues have been discussed in this regard. Some of the other aspects like absence of relocation
of enterprises from outside SEZs into SEZs, and need for level playing field between
enterprises located within and outside SEZs, particularly EOUs, have also been considered.
© 2010 IUP. All Rights Reserved.
Sources of Productivity Growth in the Indian Chemical Industry
-- T Sampathkumar and M Saravanakumar
The present study estimates the changes in Total Factor Productivity (TFP) of the Indian
chemical sector during the period 1980-81 to 2001-02. The Malmquist indices of TFP growth are
computed and decomposed into technical change and efficiency change. The obtained estimates of
TFP change at the aggregate and sectoral levels indicate that the net impact of economic reforms
on the productivity growth of chemical sector was negative. It is evident from the study that
the negative TFP change in the chemical sector at the aggregate level aggravated (from 0.4%
to 4.1%) in the post-reform period. It is seen that technical change is the factor that leads to
deterioration in the overall productivity of the Indian chemical sector. Similar trends are also observed
at the sub-sectoral level.
© 2010 IUP. All Rights Reserved.
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