Emerging Trends in Decision Sciences and Business Operations

317 Pages·2022·5.367 MB·English

by  Avinash K. Shrivastava, Sudhir Rana

Emerging Trends in Decision Sciences
and Business Operations
This volume analyzes the rising inclusion of new and emerging technologies
in business. It measures the effectiveness and challenges of these tools
in various aspects of strategy and decision making within small and big
businesses.
Businesses in the competitive market must be agile and innovative to drive
growth, and the inclusion of technology and reliance on data science for
decision making is fraught with its own set of challenges. Through various
case studies and analysis of trends, the book explores diverse dimensions
of decision science from a micro as well as macro perspective. It examines
the function, management, and implementation of new technologies, like
big data and AI in business operations and infrastructure, highlighting their
practical applications as well as the barriers to their adoption.
This book will be useful to scholars and researchers of management
studies, business management, financial management, business economics,
international business, finance and marketing, development studies, and
economics. It will also interest policymakers and practitioners in the field.
Avinash K Shrivastava is Assistant Professor at the International Management
Institute, Kolkata, West Bengal, India.
Sudhir Rana is Associate Professor in the College of Healthcare Management
and Economics at the Gulf Medical University, Ajman, UAE.
Advances in Emerging Markets and Business Operations
Series Editors: Avinash K Shrivastava, International Management Institute,
Kolkata, West Bengal, India and Sudhir Rana, College of Healthcare
Management and Economics, Gulf Medical University, Ajman, UAE
This series hosts key debates on themes, issues and advancements taking
place in emerging markets and new ways of handling challenges in
operating businesses in emerging markets. It explores doing business in
emerging markets from multidisciplinary and multinational geographic
perspectives based on fresh theoretical and empirical research, qualitative
and quantitative reviews, data and case studies. The series aims to cover a
wide range of aspects in business and operations, including opportunities
and progress, with a focus on emerging markets and economies:
• Comparison of Traditional versus Modern Business Models used by firms
from developed economies and emerging economies; entrepreneurial
innovations; digitalization; technology and businesses strategies for
sustainable development; service innovation and management; mergers
and acquisitions.
• Advancement in Business Practices including general practices within
finance; human resource management; marketing; international
business; information technology; operations; and specific practices
such as product & service development; investments; governance and
policies; role of government.
• Doing Business in sectors such as manufacturing; services; retail; B2B;
supply chain and distribution; transportation; cross-culture; consumer
and market behaviour; automation and technology; retail and luxury;
human capital; emerging brands; selecting and investing in emerging
markets; benefits and challenges; foreign direct investment; growing
business sectors.
• Operational Aspects in supply and demand chain management and
logistics; manufacturing processes optimization; project management
and scheduling; total quality management; transportation and logistics
management.
• Methodological Progress in Research and Business Education such
as industry disruptions and role of analytics; impact of analytics on
culture and business environment; decision sciences; operations
research; business intelligence tools and applications; multi-criteria
decision-making; scientific and software-based research (big data,
soft computing, artificial intelligence, neural networks, fuzzy logic,
evolutionary algorithms); and business curriculum, pedagogy, and
accreditations of business schools.
The series offers a comprehensive understanding of management and its
allied domains within the context of emerging markets and economies,
especially international business, economics, marketing, finance, operations
and supply chain management, human resources and governance. It will
be useful to both scholars and practitioners interested in interdisciplinary
research on emerging markets, business analytics, business models,
consultancy and policy.
Doing Business in Emerging Markets
Progress and Promises
Edited by Sudhir Rana and Avinash K Shrivastava
Emerging Trends in Decision Sciences and Business Operations
Edited by Avinash K Shrivastava and Sudhir Rana
Promotional Practices and Perspectives from Emerging Markets
Edited by Sudhir Rana, Avinash K Shrivastava and Sachin Kumar Raut
For more information about this Series, please visit: https://www .routledge
.com /Advances- in -Emerging -Markets -and -Business -Operations /book -series
/AEMBO

Emerging Trends in Decision
Sciences and Business
Operations
Edited by Avinash K Shrivastava
and Sudhir Rana
First published 2023
by Routledge
4 Park Square, Milton Park, Abingdon, Oxon OX14 4RN
and by Routledge
605 Third Avenue, New York, NY 10158
Routledge is an imprint of the Taylor & Francis Group, an informa business
© 2023 selection and editorial matter, Avinash K Shrivastava and Sudhir Rana;
individual chapters, the contributors
The right of Avinash K Shrivastava and Sudhir Rana to be identified as the
authors of the editorial material, and of the authors for their individual
chapters, has been asserted in accordance with sections 77 and 78 of the
Copyright, Designs and Patents Act 1988.
All rights reserved. No part of this book may be reprinted or reproduced or
utilised in any form or by any electronic, mechanical, or other means, now
known or hereafter invented, including photocopying and recording, or in any
information storage or retrieval system, without permission in writing from the
publishers.
Trademark notice: Product or corporate names may be trademarks or registered
trademarks, and are used only for identification and explanation without intent
to infringe.
British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from the British Library
Library of Congress Cataloging-in-Publication Data
A catalog record has been requested for this book
ISBN: 978-1-032-26919-1 (hbk)
ISBN: 978-1-032-32547-7 (pbk)
ISBN: 978-1-003-31556-8 (ebk)
DOI: 10.4324/9781003315568
Typeset in Sabon
by Deanta Global Publishing Services, Chennai, India
Contents
List of figures ix
List of tables xi
Contributors xiv
1 Building Competitive Supply Chains: A Way through Supply
Chain Resilience 1
RAMAKRISHNA YANAMANDRA
2 Dynamic Capability, Innovation Capability, and Business
Process Agility: Moderating Impact of Environmental Turbulence 24
ABOOBUCKER ILMUDEEN
3 Inventory Management Practice and Performances of
Manufacturing Firms: An Empirical Study of RFID and VMI 46
RASHMI RANJAN PANIGRAHI, DURYODHAN JENA, ANSUMAN SAHOO,
AND MIHIR RANJAN NAYAK
4 Logistics Strategy, Organizational Structure, and Logistics
Information Technology: Organization Performance of
Manufacturing Firms 69
ARCHANAA ARUMUGAM KAPPAN AND ABU BAKAR ABDUL HAMID
5 Efficiency of Standalone Health Insurance Companies:
Evaluating Evidence from India 86
SHOAIB ALAM SIDDIQUI
6 Risk Perceptions and Foreign Direct Investment (FDI) Inflows
in Emerging Economies: A Country Level Perspective 99
DEBABRATA MUKHOPADHYAY AND DIPANKAR DAS
viii Contents
7 Humanitarian Relief Logistics Management: Multiobjective
Modelling and Optimization Techniques 115
FIROZ AHMAD AND ARUP KUMAR DAS
8 Implementing Artificial Intelligence Framework: Case Study of
a Retail Bank 150
SANJAY MOHAPATRA
9 Inland Infrastructure Investment and Passenger Transport:
Exploring Connections 167
TOTAKURA BANGAR RAJU, SAURABH TIWARI, PRADEEP CHAUHAN,
AND RITIKA RUMALI
10 Developing a Sustainable Accounting Reporting Adoption
Framework: A Study on Indian Cement Industry 187
VINEET CHOUHAN AND SHUBHAM GOSWAMI
11 Effectiveness of the Supply Management Strategy: A Buyer
Firm – Supply Management Orientation 196
ARIJIT MITRA AND T.A.S. VIJAYARAGHAVAN
12 Lean Thinking for Domestic Pharmaceutical Manufacturers in
Emerging Markets: The Case of Amipharma in Sudan 223
HAMIEDA PARKER AND ELAMIN AHMED ELBADAWI HAMID
13 Green Supply Chain Management: Attaining Sustainable
Competitive Advantage 235
VINOD SHARMA, CHANDAN MAHESHKAR, AND JEANNE POULOSE
14 Working Capital Minded Supply Chain and Procurement
Management in Manufacturing Operations 261
JULIE BERTOLI, FAROOQ HABIB, AND SYED IMRAN ALI
Index 299
Figures
1.1 An Integrated Framework of SCR using Technology
Enablers. Source: Author’s Own 17
2.1 Research Model. Source: Author’s Own 29
2.2 Base Model Path Analysis Results. Source: Author’s Own 36
2.3 Path Analysis and Moderated Effect Model. Source:
Author’s Own 37
2.4 Interaction Effect of TE on ITDC–BPA Relationship.
Source: Author’s Own 38
2.5 Interaction Effect of TE on ITDC–FIC Relationship.
Source: Author’s Own 39
3.1 Conceptual Framework. Source: Authors 51
4.1 The Conceptual Framework Based on RBV Theory. Source:
Authors 71
5.1 Premium Earned by the Standalone Health Insurers.
Source: Author’s Own 88
6.1 Average Economic Growths in Emerging Countries. Source:
Authors’ Computation 104
6.2 The Trend of Share of FDI Inflows in Emerging Countries
during 2000–2013. Source: World Bank (2015), the base
years, 2000–2013 108
10.1 SAR Adoption Model. Source: Authors’ Own 192
11.1 Different Phases of Supply Chain Integration. Source:
Authors’ Own 198
11.2 Supply Chain Processes. Source: Authors’ Own 201
11.3 The Basic Model: SMO Influencing SP and BP. Source:
Authors’ Own 203
11.4 (a) The Model for the Buyer’s Quality Performance. (b) The
Model for the Buyer’s Delivery Performance. (c) The Model
for the Buyer’s Cost Performance. (d) The Model for the
Buyer’s Flexibility Performance. Source: Authors’ Own 216