Examining the influence of firm performance on business risk-taking and the mediation effect of scale of operations in the container terminal industry

Container shipping and its related service sectors help accelerate globalization of the world economy. This industry has been experiencing rapid growth, prompting container terminal operators to increase their handling capacity in response. Providing container terminal services requires substantial capital investment in physical assets such as cargo handling facilities and information systems. On the other hand, operating container terminals is a long-term investment that typically spans several business cycles. Hence prudent asset management using appropriate tools is critical for container terminal operators to sustain their businesses. Generally, due to risk-adverseness, investors are unwilling to take more risk in their investment unless they can reap a higher return. Contrary to this argument, this study finds no direct influence of better firm performance as a proxy of higher return on business risk-taking by container terminal operators. Instead, scale of operations is positively associated with business risk-taking, suggesting that container terminal operators with a larger scale of operations are willing to take more business risk.     

Design and evaluation of an integrated inventory and transportation system

This paper proposes the adoption of an integrated inventory and transportation system (IITS) to minimize the total costs of inventory and transportation. A non-linear programing is developed by analyzing transportation and inventory costs with one supplier and many retailers in the distribution environment. The paper compares the proposed model with the traditional approach in computing total costs with numerical data. The results indicate that the total costs can be optimized by adopting integrated programing rather than the traditional approach, along with achieving improved customer service levels. In particular, sensitivity analysis is applied to determine the performance of the IITS under various transportation costs, holding costs and shortage costs. It shows that the transportation cost per unit is most sensitive in the proposed model. In this situation, the IITS is more effective for cost saving when set-up cost, holding and shortage costs are high, but is less effective for situations involving high per-unit transportation costs.     

Urban sports anglers and Lake Michigan fishery policies

Abstract

Over the past few years an unusually intense struggle over the future of the Lake Michigan fishery has occurred in the coastal communities of Racine and Kenosha. This struggle has engaged participants on the local, state, and national levels in the debate over the fishery as it is potentially impacted by the presence of environmental toxins, the rising cost of fish stocking and management, and conflicting user group demands. We describe three cases where urban sports anglers, with the assistance of university based social scientists, participated in state and city public policy decisions. After discussing this research and its policy implications, we propose a general public participation paradigm termed the Reciprocal Development Model.     

Book reviews

Coastal Resources Management: Beyond Market and Bureaucracy by Robert B. Ditton, John L. Seymour, and Gerald C. Swanson. Published by D. C. Heath and Company, Lexington, Massachusetts, 1977, 191 pp., 6 figures.

The Urban Sea: Long Island Sound by Lee E. Koppelman, Peter K. Weyl, M. Grant Gross, and DeWitt S. Davies. Published by Praeger Publishers, 1976. 209 pp., 81 figures, 42 tables.     

描述有效的原料药

尽管癌症治疗在过去的十多年取得了显著进展，但肿瘤学仍属于目前最不能满足临床需要的学科领域。在过去十多年里，临床药理学的进步和研发活动方面的巨大投资使得“癌症治疗”发展为“治疗过程研究”的数量急剧增加。但事实上，癌症和其他慢性疾病一样，治疗效果都很差，由此很多大型医药公司和生物制药公司都比以往更大力度的投入资金，用于肿瘤学和其他强效候选药物的研发上。[第一段]     

Tractor-semitrailer model for vehicles carrying liquids

This article presents a model for solving solid-fluid interactions in vehicles carrying liquids. A tractor-semitrailer model is developed by incorporating suspension systems and tire dynamics. Owing to the solid-fluid interaction, equations of motion for the vehicle system are coupled. To simplify the complicated solution procedure, the coupled equations are solved separately using two different codes. Each code is analyzed separately; but as the parameters of the two codes depend on each other, the codes must be connected at the end of each time step. To determine the dynamic behavior of the system, different braking moments are applied. As the braking moments increase, braking time decreases. However, it turns out that increasing the braking moment to more than a certain level produces no significant results. It is also shown that vehicles carrying fluids need a greater amount of braking moments in comparison to vehicles carrying solids during braking. In addition, as the level of the fluid inside the tanker increases, from one-third to two-third of the tanker's volume, the sloshing forces applied to the tanker's walls increase. It was also concluded that the strategy used in this article to solve for the solid-fluid interaction by incorporating vehicle dynamic effects represents an effective method for determining the dynamic behavior of vehicles carrying fluids in other critical maneuvers.     

Effects of the Los Angeles transit strike on highway congestion

In this paper we investigate the effect of the Los Angeles transit strike on highway congestion through analysis of highway sensor data, using both a before-and-after comparison, and a control group comparison. We found that average 5:00 a.m. to 10:00 p.m. traffic speeds declined by as much as 20% during the strike, and the average length of the rush period increased by as much as 200%, even though increases in traffic were small, despite the fact that transit riders constitute a small fraction of the traveling population. Speeds declined the most at locations upstream from the places where queues normally end. We believe that highways are especially susceptible to congestion during strikes because travelers have little opportunity to adjust and equilibrate their travel patterns, as is possible during ordinary periods of traffic growth.     

Demand for rail travel to and from airports

Rail access to airports is becoming increasingly important for both train operators and the airports themselves. This paper reports analysis of inter-urban rail demand to and from Manchester and Stansted Airports and the sensitivity of this market segment to growth in air traffic and the cost and service quality of rail services. The estimated demand parameters vary in an expected manner between outward and inward air travellers as well as between airport users and general rail travellers. These parameters can be entered into the demand forecasting framework widely used in the rail industry in Great Britain to provide an appropriate means of forecasting for this otherwise neglected market segment. The novel features of this research, at least in the British context, are that it provides the first detailed analysis of aggregate rail flows to and from airports, it has disaggregated the traditional generalised time measure of rail service quality in order to estimate separate elasticities to journey time, service headway and interchange, and it has successfully explored departures from the conventional constant elasticity position.