strategy and management1409 Tourism

Spare parts management for irregular demand items

Inventory optimization of high-value spare parts may generate a significant reduction of cost to allow a better allocation of resources in maintenance management. Sherbrooke’s METRIC (Multi Echelon Technique for Recoverable Item Control) is the most common method to define an overall optimization process adopting a system-approach. Its main assumption consists of adopting a Poisson distribution to describe the demand pattern of the items.

Estimating the value of servitization: A non-monetary method based on forecasted competitive advantage

The present contribution proposes a decision support paradigm that elucidates factors ensuing from Product-Service System implementations and that might be neglected due to assessment difficulties. These aspects emerge when companies are exposed to new business model scenarios underlying servitized propositions.

Towards the Definition of a Dynamic and Systemic Assessment for Cybersecurity Risks

Nowadays, our society is increasingly becoming economically and socially dependent on the cyberspace. However, the cyberspace is exposed to numerous risks, and there is a constant threat of exploitable vulnerabilities, which could cause significant reputational and economic damages. For addressing these threats, the Italian National Cyber Security Framework was developed to offer an approach to assessing cyber risks into organizations, as well as to help improve the related security through focused investments. Still, this evaluation is not a straightforward endeavour.

Environmental, social, and governance and company profitability: Are financial intermediaries different?

This paper investigates the association between environmental, social, and governance (ESG) disclosure and company profitability, as measured by return on assets (ROA). We first assess a method to indexing the ESG score of a large sample of U.S. listed companies based on MSCI ESG KLD STATS data from 2000 to 2016. The statistical model is run on 17,358 observations and studies the association of ROA and the three different dimensions of ESG score. Significant differences between industrial firms and financial intermediaries emerge.

The courage to choose! Primogeniture and leadership succession in family firms

Building on a unique dataset with information on the nuclear structure of entrepreneurial families, we integrate leadership succession into a socioemotional wealth (SEW) logic to test the antecedents and consequences of primogeniture vis-à-vis second- or subsequent born selection in family firm succession. Our findings suggest that appointing a family firstborn sibling is more likely when there is a high degree of SEW endowment and the family firm has pre-succession performance below aspiration levels.

Public interest evaluation in negotiated public-private partnership

'Public interest' has always been a necessary and unavoidable condition in Public-Private Partnership negotiated-type (PPPN), introduced in the Italian law in 1992. However, only in 2014 that the meaning of public interest has been clarified through art. 17.1 letter g) of Law no. 164/2014, by matching it with an extraordinary contribute of urbanisation. In this law the extraordinary contribution is defined by taking into account only the purely financial criteria. Instead, European Directives and case law reaffirmed the multi-dimensional connotation of public interest.

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