Journal of Business and Management Sciences

The ever increasing number of employees in an organization, growth in business competitions and changing economic scenario compels the corporate to re-think about human management strategy. High attrition rate, absenteeism and migration of workforce compel the employer to rethink about the employee management. Most organizations actively look to reward hard-working employees by having an effective pay for performance. However two-third organizations have a pay-for –performance policy. Can it be possible to ensure this policy in MSMEs and other mediocre industries. Pay –for-performance, value analysis of individual employees, performance appraisal can only be possible by strategic implementation with the productivity of MSMEs. This article focuses on the concept of Human capital management, Research gap and a strategic model is suggested to face the challenges.

Journal of Business and Management Sciences. 2014, 2(3A), 46-48. DOI: 10.12691/jbms-2-3A-7
Pub. Date: November 01, 2014

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Mining Sector and Its Impact on Odisha Economy: Proper Utilization of Limited Resources using Forecasting Techniques

by Gitanjali Panda

Special Issue

In this paper an attempt has been made to show the economic significance of mining sector in the context of Orissa Economy in terms of value of total extractions, total employment generation and contribution of mining sector to State Gross Domestic Product and total revenue generation. Despite being the highest mineral rich state of the country, the state is designated as one of the poorest states because benefits of mining have gone to few hands caused by large scale corruption. The paper has explored how corruption starting from allotment of lease till the valuation of minerals and fixation of royalties has deprived the state exchequer from its dues, resulting in greater inequalities between the rich and the poor in the state.

Journal of Business and Management Sciences. 2014, 2(3A), 41-45. DOI: 10.12691/jbms-2-3A-6
Pub. Date: October 31, 2014

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Supply Chain Management in OMFED-Creating Values through White Channels: A Case Study

by Adyasha Suvadarshini and Gopal Prasad Roy

Special Issue

The present study focuses on the supply chain management in Orissa State Co-operative Milk Producers' Federation Limited (OMFED), a leading state dairy giant that operates in Odisha which is an eastern state of India. A detailed discussion regarding its distribution channels has been carried out starting from procurement, marketing to finally delivering milk and its products to the customers. Apart from this, a comparative analysis between OMFED and AMUL, the National Dairy giant of India, has been presented to draw managerial decisions for sustaining in the competitive market. Further, the challenges faced by OMFED are stated along with the perceived opportunities that may help OMFED to build a strong competitive edge over its competing brands.

Journal of Business and Management Sciences. 2014, 2(3A), 33-40. DOI: 10.12691/jbms-2-3A-5
Pub. Date: October 29, 2014

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Total Quality Management in Service Sector: Case Study of Academic Libraries

by Sribatsa Pradhan

Special Issue

Quality normally focuses on fulfilling needs, and preferences of customers. Customer-driven quality product and service ensure to satisfy the requirements of customer beyond their expectations. As the organizations improve the quality standard of their product and services the customers’ expectations change eventually. Keep this in mind, the fast growing organization anticipates the change and improves its quality product and services continuously. This aspect encourages widespread use of quality management tools, including cost of quality, process integrity, and various measurement techniques for the survival of the organization. Total Quality Management (TQM) acts as one of the powerful management tool which integrate both internal and external customer and able to provide quality services with limited resources. Present paper deals with TQM in academic libraries and aims to focus on how they can provide better quality products and services to stake holders. Since continuous change is occurring in the field of library and information services, academic libraries have to offer learning materials in all format, i.e. print (books and Journals, reports) as well as electronics medium(through digital networked information services). Attempt has been made in this paper to examine how academic libraries can able to provide quality services to their customers with limited resources by adopting quality management tool like TQM.

Journal of Business and Management Sciences. 2014, 2(3A), 29-32. DOI: 10.12691/jbms-2-3A-4
Pub. Date: October 29, 2014

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Optimization in Deteriorated Inventory Model Incorporated with Percentage Loss, Promotion and Functional Ordering Cost: A Comparative Analysis

by Monalisha Pattnaik, Purnima Nayak and Chandni Agarawal

Special Issue

This paper explores the instantaneous economic order quantity model by allocating the percentage of units lost due to deterioration in an on-hand inventory by framing promotional effort cost and variable ordering cost. The objective is to maximize the net profit so as to determine the order quantity, promotional effort factor, the cycle length and number of units lost due to deterioration. For any given number of replenishment cycles the existence of a unique optimal replenishment schedule are proved and mathematical model is developed to find some important characteristics for the concavity of the net profit function. Numerical examples are provided to illustrate the results of proposed model which benefit the retailer and this policy is important, especially for wasting of deteriorating items. Finally, sensitivity analyses of the optimal solution with respect to the major parameters and comparative analysis of different related EOQ models are also carried out.

Journal of Business and Management Sciences. 2014, 2(3A), 21-28. DOI: 10.12691/jbms-2-3A-3
Pub. Date: September 01, 2014

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An Order Level Inventory Model for Deteriorating Items with Time – Quadratic Demand and Partial Backlogging

by J. Jagadeeswari and P. K. Chenniappan

Special Issue

In this paper, a deterministic inventory model is developed for deteriorating items in which shortages are allowed and partially backlogged. The backlogging rate is assumed to be dependent on the length of the waiting time for the next replenishment. The longer the waiting time is, the smaller the backlogging rate would be. The deterioration rate is constant and demand rate is assumed to be time quadratic. Numerical example and sensitivity analysis are evaluated for validating the proposed model.

Journal of Business and Management Sciences. 2014, 2(3A), 17-20. DOI: 10.12691/jbms-2-3A-2
Pub. Date: October 28, 2014

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The Impact of Promotional Activities and Inflationary Trends on a Deteriorated Inventory Model Allowing Delay in Payment

by Bhanupriya Dash, Monalisha Pattnaik and Hadibandhu Pattnaik

Special Issue

A deteriorating inventory model allowing delay in payment, promotional activities and inflation is developed. This arises as a result of the time gap in between the time of estimation and the starting time of economic order quantity (EOQ) system and promotional activities with a permissible delay in payment will affect the inventory total cost. Moreover, the political volatility of a country leads to a much more unstable situation in the present world economy. So a change in inflation takes place. The objective of this inventory model is to minimize the total inventory cost allowing promotional activities and delay in payment for deteriorating items under inflation with shortages. The numerical analysis shows that an appropriate policy can be benefited the retailer for deteriorating items. Finally, sensitivity analysis of optimal solution with respect to the major parameters are also studied.

Journal of Business and Management Sciences. 2014, 2(3A), 1-16. DOI: 10.12691/jbms-2-3A-1
Pub. Date: September 02, 2014

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