The Experts below are selected from a list of 32760 Experts worldwide ranked by ideXlab platform
Frank T Piller - One of the best experts on this subject based on the ideXlab platform.
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linking strategic flexibility and Operational Efficiency the mediating role of ambidextrous Operational capabilities
Journal of Operations Management, 2014Co-Authors: Sebastian Kortmann, Carsten Volker Gelhard, Carsten Zimmermann, Frank T PillerAbstract:We elucidate the important, though complex, relationship between strategic flexibility and Operational Efficiency. We incorporate insights from the dynamic resource-based view, ambidexterity literature and managerial practice to explain how two ambidextrous Operational capabilities, i.e., mass customization capability and innovative ambidexterity, fully mediate the relationship between strategic flexibility and Operational Efficiency. Using top-level executive data in India and the United States of America, our structural equation models show that ambidextrous Operational capabilities link strategic flexibility and Operational Efficiency. While informing the debate on developing sustainable competitive advantage, we derive important theoretical and managerial implications for both operations management and strategic management.
Carl A Scheraga - One of the best experts on this subject based on the ideXlab platform.
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Operational Efficiency versus financial mobility in the global airline industry a data envelopment and tobit analysis
Transportation Research Part A-policy and Practice, 2004Co-Authors: Carl A ScheragaAbstract:The events of September 11th, 2001 precipitated an almost unprecedented financial crisis for the world airline industry. However, it is not clear that these events represent a discrete, industry disruption or whether, in fact, airlines were already entering a period of economic challenges that would demand new strategic orientations on their part. This study investigates the structural drivers of Operational Efficiency as well as the financial posture of airlines on the eve of September 11th. A sample of 38 airlines from North America, Europe, Asia and the Middle East was utilized to investigate whether relative Operational Efficiency implied superior financial mobility (as defined by Donaldson). Data envelopment analysis was utilized to derive Efficiency scores for individual airlines. The underlying structural drivers of Efficiency were then investigated. It was found that the traditional framework developed in the literature still provided reasonable explanatory power for realized relative Operational Efficiency. However, the second stage of the analysis found that relative Operational Efficiency did not inherently imply superior financial mobility. As such, airlines that had chosen relatively efficient Operational strategies found themselves in positions of vulnerability with regard to financial mobility and thus suffered the consequences in the post-September 11th environment.
Steven Farber - One of the best experts on this subject based on the ideXlab platform.
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evaluating public transit services for Operational Efficiency and access equity
Journal of Transport Geography, 2017Co-Authors: Yongjian Mu, Liming Wang, Aaron Golub, Steven FarberAbstract:Assessing the performance of public transit services has long been an important yet challenging issue for transportation agencies and researchers. Transit service performance measurement reflects a very first step towards an efficient and proactive management, where public transit agencies are increasingly pressured to provide high-quality services in spite of constrained resources. However, the performance evaluation of transit services is complicated by an array of quantitative measures available to assess the goals and the diversity in the goals themselves, which usually include improving Operational Efficiency and providing equitable access. While much previous work has examined public transit services for achieving optimal Operational Efficiency and/or access equity separately, the interplay of the two has rarely been investigated to date. This article proposes a new method for evaluating the overall performance of public transit services via a combination of data envelopment analysis (DEA), Geographic Information System (GIS), and multi-objective spatial optimization techniques. The new method is applied to assessing the performance of fixed route bus services operated by the Utah Transit Authorities (UTA) in the Wasatch Front, Utah. Results demonstrate that the proposed method can effectively account for Operational Efficiency and access equity in an integrated framework, providing a more comprehensive assessment for transit service performance.
William G. Hardin - One of the best experts on this subject based on the ideXlab platform.
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REIT Operational Efficiency: Performance, Risk, and Return
Journal of Real Estate Finance and Economics, 2018Co-Authors: Eli Beracha, Zifeng Feng, William G. HardinAbstract:Relations between Real Estate Investment Trust (REIT) Efficiency and Operational performance, risk, and stock return are examined. REIT-level Operational Efficiency is measured as the ratio of Operational expenses to revenue, where a higher Operational Efficiency ratio (OER) indicates a less efficient REIT. For a sample of U.S. equity REITs from the modern REIT era, Operational performance, measured by return on assets (ROA) as well as return on equity (ROE), is negatively associated with previous-year Operational Efficiency ratios, which suggests that more efficient REITs generate better operating results. Results further show that more efficient REITs have lower levels of credit risk and total risk. Perhaps most important, empirical evidence shows that the cross-sectional stock return of REITs is partially explained by Operational Efficiency and that a portfolio consisting of highly efficient REITs earns, on average, a higher cumulative stock return than a portfolio consisting of low Efficiency REITs.
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The Operational Efficiency of REITs
24th Annual European Real Estate Society Conference, 2017Co-Authors: Eli Beracha, Zifeng Feng, William G. HardinAbstract:This paper examines the extent to which the Operational Efficiency of Real Estate Investment Trusts (REITs) is related to their Operational performance, risk and stock return. In this paper, the Operational Efficiency of a REIT is measured as the ratio of its Operational expense to revenue. Higher Operational Efficiency ratio (OER) indicates less efficient REIT. Using a sample of U.S. equity REITs during the 1993 – 2015 time period, we find that REITs’ Operational performance measured by return on assets (ROA and FFOA) as well as return on equity (ROE and FFOE) is negatively and significantly associated with their previous-year Operational Efficiency ratios. The results also show that more efficient REITs explore less market risk, measured by stock return volatility, and credit risk, measured by cash flow coverage ratio. Furthermore, there are evidences that the cross-sectional stock return of REITs could be partially explained by their Operational Efficiency ratios, and that portfolio consisting of high efficient REITs earn, on average, higher cumulative stock return than portfolio consisting of low efficient REITs.
T Edwin C Cheng - One of the best experts on this subject based on the ideXlab platform.
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the impact of firms social media initiatives on Operational Efficiency and innovativeness
Journal of Operations Management, 2016Co-Authors: Andy C L Yeung, T Edwin C ChengAbstract:Abstract Social media have been increasingly adopted for organizational purposes but their Operational implications are not well understood. Firms’ social media initiatives might facilitate information flow and knowledge sharing within and across organizations, strengthening firm-customer interaction, and improving internal and external collaboration. In this research we empirically examine the impact of social media initiatives on firms’ Operational Efficiency and innovativeness. Taking the resource-based view of firms’ information capability, we consider firms’ social media initiatives as strategic resources for Operational improvement. We posit that firms’ social media initiatives enhance dynamic knowledge-sharing routines through an information-rich social network, leading to both Operational Efficiency and innovativeness. Collecting secondary data in a longitudinal setting from multiple sources, we construct dynamic panel data (DPD) models. Based on system generalized method of moments (GMM) estimation, we show that firms’ social media initiatives improve Operational Efficiency and innovativeness. We identify the importance of an information-rich social network to the creation of knowledge-based advantage through firms’ social media initiatives, and discuss the theoretical and managerial implications from the perspective of operations management.
