Prof Bhagaban Das | Fakir Mohan University (original) (raw)
Papers by Prof Bhagaban Das
Journal of Sedimentary Research, Aug 20, 2009
A depositional model is proposed for deep-water petroleum reservoir sands (Pliocene) in the Krish... more A depositional model is proposed for deep-water petroleum reservoir sands (Pliocene) in the Krishna-Godavari Basin, Bay of Bengal, India. Based on examination of 313 m of conventional cores from three wells, five depositional facies have been interpreted: (1) sandy debrite, sandy slump, sandy slide, and sandy cascading flow, (2) muddy slump and debrite, (3) sandy tidalite, (4) muddy tidalite, and (5) hemipelagite. Debrites and slumps constitute up to 99% in one well. Sand injectites are common. Pliocene environments are interpreted to be comparable to the modern upper continental slope with widespread mass-transport deposits and submarine canyons in the Krishna-Godavari Basin. Frequent tropical cyclones, tsunamis, earthquakes, shelf-edge canyons with steep-gradient walls of more than 30u, and seafloor fault scarps are considered to be favorable factors for triggering mass movements. Pliocene canyons are sinuous, exhibit 90u deflections, at least 22 km long, relatively narrow (500-1000 m wide), deeply incised (250 m), and asymmetrically walled. Sandy debrites occur as sinuous canyon-fill massive sands, intercanyon sheet sands (1750 m long or wide and 32 m thick), and canyon-mouth slope-confined lobate sands (3 km long, 2.5 km wide, and up to 28 m thick). Canyon-fill facies are characterized by the close association of sandy debrites and tidalites. Reservoir sands, composed mostly of amalgamated units of sandy debrites, are thick (up to 32 m), low in mud matrix (less than 1% by volume), and high in measured porosity (35-40%) and permeability (850-18,700 mD). Because upper-slope sandy debrites mimic base-of-slope turbidite channels and lobes in planform geometries, use of conventional submarine fan models as a template to predict the distribution of deep-water sand is tenuous. GEOLOGICAL SETTING Study Area The Krishna-Godavari Basin is composed of both onshore and offshore stratigraphic components (Fig. 2). The cored Pliocene intervals in three wells represent the deep offshore component (Fig. 2). The water
Marine and Petroleum Geology, Jul 1, 2019
Combined seismic images and core data from shallow gas-charged, deep-water sands in the western B... more Combined seismic images and core data from shallow gas-charged, deep-water sands in the western Bay of Bengal provide a detailed record of channel formation and evolution. The KG-D6 Block, western Bay of Bengal, includes two main Pliocene deep-water channel complex sets, termed the A and B complex sets, currently under gas production by Reliance Industries. These represent sinuous channels developed at the base of the delta slope off of the Godavari River and at the head of a long continental slope into the deep Bay of Bengal. The A complex set includes two main channel complexes, the older A150 and younger A100 channel complexes. The A complex provides an excellent opportunity to explore the geometry, sedimentation, and evolution of a small submarine channel system because of shallow reservoir depth, excellent 3D seismic coverage, availability of cores, and the nearly complete system-wide gas charge of the sandstones. Relict sea-floor topography and the processes of avulsion and splay development figure importantly in the overall evolution of slope channel systems. In the KG-D6 area, a sand-rich avulsion splay derived from an older channel complex became the template upon which the A channel complex set evolved. The component A150 and A100 channel complexes developed along a single sinuous course, with the channel complexes building through coupled channel
East West University, Jan 5, 2018
It is well known fact that merger waves exist. These normally come in waves and are an enduring m... more It is well known fact that merger waves exist. These normally come in waves and are an enduring mystery. The search for a single explanation for their existence, growth and size continues. The history of US, UK and India merger waves shows that each wave has had a different motivator, including regulatory and economic factors. The nature of the waves also changed with differences in the type of deals, the behaviour of the involved companies and the methods of payment. Why then should there be a single explanation for the existence of merger waves? Considering their history there is no reason to believe that a single model exists to explain this phenomenon. But, it is crystal clear from the study that they tend to occur during economic expansions, and end when the market and the economy slow down.
Indian Journal of Finance, 2009
It has generally been assumed that the daily returns are the same for all days of the week. That ... more It has generally been assumed that the daily returns are the same for all days of the week. That is, expected return on a given stock is the same for Monday as it is for Tuesday as it is for Wednesday as it is for Thursday and as it is for Friday. However, a number of studies have uncovered the evidence that have been refused this belief. The day of the week effect is a phenomenon that constitutes a form of anomaly of the efficient capital market theory. This research study aims at analyzing the impact of day of the week effect on stock returns in the Colombo Stock Exchange. The main source of data for this research is the daily All Share Price Index of Colombo Stock Exchange for a sample period starting from 02nd January 1985 to 31st December 2004. To investigate the day of the week effect in relation to stock returns both descriptive statistics and autoregressive model were used. To test the day of the week effect four dummy variables, Tuesday through Friday, and five-lag variable to test lag effect have been introduced in the autoregressive model. The finding of the descriptive statistical analysis shows that there is a day of the week effect in stock returns at the Colombo Stock Exchange. However, the trend of this effect is not similar over the sample period. This may be due to the changing socio economic and political conditions of the island. The first finding of this research from the autoregressive model is that there is statistically significant day-of-the week-effect in stock returns of the Colombo Stock Exchange for the overall sample period, and Friday returns are significantly higher compared to the other days. The second finding is that there are lag effects existing in stock returns relating to the day of the week effect.
Siddhant- A Journal of Decision Making, 2017
Banking is one of the important sectors of Indian economy. The purpose of this paper is to examin... more Banking is one of the important sectors of Indian economy. The purpose of this paper is to examine the comparative position of pre & post-merger financial performance of selected banks. Present study highlights the major gaps in financial performance compared through Economic value added. Using data drawn from money control and yahoo finance this present exploratory study covers a sample of six banks, which got merged during 2004 to 2010. Economic value added approach is used to compare pre and post-merger financial performance. The study reveals that post-merger financial performance has improved in major cases. Finally, evidence is presented that proper analysis before the merger deal can improve bank's performance. Because of the chosen research approach, the research results may not be generalizable for all banks. The paper includes implications for top management of banks in designing merger deal, which can be beneficial for them to have synergy gain in terms of financial, stock performance and wealth maximization. INTRODUCTION: The Indian banking sector is a spine of Indian economy. In the last few years, the Indian banking sector has made brisk growth in terms of revenue due to favourable factors, but few banks were not able to perform well. To improve performance, many banks were merged with other banks. A part from this objective, the merger is to improve banking services, create operational and financial synergy, market share gain, value maximization, market expansion & creation of large identity. Among all this, the matter that needs much concern is how the merger affects the overall financial performance of banks. In 1980, merger and company performance was important issue in front of management thinkers. An empirical study (Michael Lubatking, 1983) has made an argument that merger results in improvement of the firm's performance. Studies in 90's have also examined the performance of the firm. (Healy, 1992) has studied the performance of firms using a sample of the 50 largest merger between U.S public, industrial firms completed in the period 1979 to 1983. A study has revealed that after the merger, there was improvement in performance in terms of assets utilization, productivity and long-term investment. (Marcia, 1991) had analysed the post-merger financial performance of largest banks merged during 1982 to 1987 & enhanced the after merger, assets growth and employee productivity has improved. Some argue that mergers and acquisitions activities create agency problems, resulting in less than optimal returns (Jensen, 1986) where as other argue that M & A create synergies that result into benefit for firm (Weston et al, 2004)
Credit is considered as a critical input that affects agricultural productivity. Due to the lack ... more Credit is considered as a critical input that affects agricultural productivity. Due to the lack of economic power and of educational background, the small and marginal farmers in Orissa (India) are unable to adopt the new technologies to increase the agricultural productivity, more specifically the productivity of rice. This is because the state looks rural credit from the supply side. In this paper, an attempt was made to study the impact of institutional short-term credit on productivity of rice in Bargarh district of Orissa by taking 454 samples from three different blocks. It is found that the availability of and accessibility to institutional short term credit has a positive impact on the use of modern technology and other inputs to improve the rice productivity.
What gets measured gets done—for better or worse. Too many companies chase growth in earnings per... more What gets measured gets done—for better or worse. Too many companies chase growth in earnings per share, only to find themselves employing too much capital at too low a rate of return and thereby eroding shareholder value. Economic Value Added(1) offers a beguiling solution: an easy-to-understand measure that recognizes improvements in earnings only to the extent that they exceed the cost of the capital employed to secure them.
In recent years, environmental pollution becomes so acute and the stakeholders’ awareness to the ... more In recent years, environmental pollution becomes so acute and the stakeholders’ awareness to the issue becomes so serious that environmental accounting has become a strong branch of accounting. Still, attention towards the style and recognition of environmental accounting is not a generalized one. Legal authorities, standard setting bodies and other regulators cannot come to a consensus regarding the conceptual framework of environmental accounting and its disclosure. Thus, such disclosure is not mandatory rather voluntary that has no specific style or format. With the passage of time, more guidelines are coming in customized format that may lead us to reach a common format for recognizing environment related data and disclosure thereof through financial statements. Still, such disclosure is guided by the social responsibility and commitment on the part of the entities that work as strong agents for polluting the environment. In this paper, the theoretical foundation of environmenta...
The women entrepreneurs of Sri Lanka were victims of war. They did not become entrepreneurs out o... more The women entrepreneurs of Sri Lanka were victims of war. They did not become entrepreneurs out of choice; they became entrepreneurs as a result of war, in their pursuit of supporting themselves and their families. Majority of them were in business for the first time as they lost their husbands and/or children to the war and saw business as a means to end and their success in the venture is making a balance between family and work. These women were educated with a minimum level education and were involved in businesses such as livestock farming, services and craft/textile which did not require a high capital outlay and expert skills and knowledge of the business. While the international attention has somewhat shifted elsewhere, the international community are still trying to play a constructive role in building up a post war Sri Lanka. What is more difficult to knowis what strategies (long and short term) exists for development in Sri Lanka? How will the civilians more particularly...
Indian economy in the post-liberalisation era has witnessed increasing awareness of the need for ... more Indian economy in the post-liberalisation era has witnessed increasing awareness of the need for introduction of various risk management products to enable hedging against market risk in a cost effective way. This industry-wide, cross-sectional study concentrates on recent foreign exchange risk management practices and derivatives product usage by large nonbanking Indian-based firms. The study is exploratory in nature and aims at an understanding the risk appetite and FERM (Foreign Exchange Risk Management) practices of Indian corporate enterprises. This study focuses on the activity of end-users of financial derivatives and is confined to 501 non-banking corporate enterprises. A combination of simple random and judgement sampling was used for selecting the corporate enterprises and the major statistical tools used were Correlation and Factor analysis. The factor analysis finds that there are three derived factors of non-usage of derivative products namely, Perceptual Issues, Techni...
RFID is a tracking system that uses bar codes to track items in a store or organization. It helps... more RFID is a tracking system that uses bar codes to track items in a store or organization. It helps to ensure operations are cost effective and efficient. Realizing the right value of each asset is critical in the supply chain process. Traditional methods involve significant time and resources to track and manage assets. Ensuring that the right type of RFIDs is used is important. Based on the organization context and need, right RFIDs can be put in use. Smart asset tracking allows businesses to know precisely where the assets are located and their movement in the process is tracked, as well as the asset's physical and environmental condition. These intelligent systems form the foundation for success of retail industry. This paper explains the use of integrated software application with active RFIDs. The features of the integrated software are discussed. The right use of these applications to improve the business process is also highlighted.
The importance of SMEs in any economy cannot be overlooked as they form a major chunk in the econ... more The importance of SMEs in any economy cannot be overlooked as they form a major chunk in the economic activity of nations. India has nearly three million SMEs, which account for almost 50 per cent of industrial output. However, SMEs which form the backbone of industrial development in India are not export competitive and contribute only about 34 percent of exports. It is this feature of the SMEs that make it an ideal target to realize its potential export competitive. Drawing from the experiences of countries that have successfully promoted the export competitiveness of SMEs, this paper has identified ways in which SMEs in India can have an access to external markets through exports, which include simplification of procedures, incentives for higher production, preferential treatments to SMEs in the market development fund, linking up SMEs with Transnational Companies or large domestic exporting firms; and formation of clusters and networks in order to reinforce their external compet...
Every organization is constantly looking for opportunities to make their operations cost effectiv... more Every organization is constantly looking for opportunities to make their operations cost effective, efficient and agile. In a manufacturing organization, supply chain management should be efficient. Every asset has to be managed well. Realizing the right value of each asset is critical in the supply chain process. Traditional methods involve significant time and resources to track and manage assets. It is not about understanding where the asset is at a fixed point of time, but using active information to make effective decisions. Radio-frequency identification (RFID) is used to automatically identify and track tags attached to objects. These tags contain information stored in electronic format. It is important to understand RFID error rate. RFID errors impact the transactions and causes delay and rework. There is a direct impact to operation costs. This paper illustrated how RFID error rates can be predicted and analyzes two factors contributing to these errors. This would help redu...
Retailers need to transform their information technology capabilities to stay competent in the ma... more Retailers need to transform their information technology capabilities to stay competent in the market. Information technology should be used to manage the rapid speed and flexibility in the retail sector. Differentiation can only be provided by faster access to customer data. An integrated system to enhance the business process is the need of the hour. The transparency between systems and better tracking to integrate systems between the organization and the customer is vital. Enterprise resource planning systems provide an end to end view for the organization management. In this paper the different business processes and the applicability of information technology infrastructure is discussed. A case study explaining the usage of information system in customer service business process and the impact to customer satisfaction is highlighted.
Quality Function Deployment (QFD) has successfully been used for product and production planning ... more Quality Function Deployment (QFD) has successfully been used for product and production planning in Total Quality Management (TQM) literature. Among the four phases in QFD methodology, product planning is the first phase. House of Quality (HOQ) is a customary technique used in product planning which basically starts with the Voice of the Customers (VoC) which is ultimately translated into design requirements. The target of HOQ is to plan the product in such a way that is demanded by the customers. This paper seeks to present and explain an algorithm to construct the HOQ by an intelligent agent who is trained for such purpose.
SEDME (Small Enterprises Development, Management & Extension Journal): A worldwide window on MSME Studies
The level of financial literacy among the Indian women has not been well documented. Hence, the n... more The level of financial literacy among the Indian women has not been well documented. Hence, the need arises to understand in detail the issue of financial literacy among women in India. This paper is an attempt in this direction. Financial literacy has been identified as one of the key competencies required for establishing, managing and thriving of the enterprise. However, the exact effect they have on the financial performance of enterprise has not been fully established by the available literature, therefore the need for further research in this area. This study seeks to establish the influence of financial literacy on the financial performance of women entrepreneurs in selected districts of western Odisha. A descriptive survey design was adopted for conducting the study. A sample of 57 woman entrepreneurs was selected out of the total population, using stratified sampling methods. The data collected was analysed using SPSS and the significance of the results tested using inferential statistics. The results of the multiple regressions revealed that there is a significant strong positive relationship between financial literacy and financial performance of woman entrepreneurs. The study recommends that awareness be created among woman entrepreneurs about the importance of being financially literate by encouraging them to participate in financial literacy training programmes.
Indian Journal of Marketing, 2009
To remain profitable and strong in the market, retaining current customers and attracting potenti... more To remain profitable and strong in the market, retaining current customers and attracting potential customers has no alternative. This can only be done if the customers are kept satisfied and if the gap between expectation and perception of services are minimal. Thus, the analysis of gap on a regular basis and following the improvement, if any, is very important. In this paper, such analysis of gap is initiated on deposit service of a multinational bank operating in Bangladesh. For this gap analysis, SERVQUAL is used as a tool with five original dimensions and twenty two statements. A questionnaire survey is administered to calculate the gap score using SERVQUAL scale and thrust areas have been identified on the basis of the gap score where management should give more attention.
Journal of Sedimentary Research, Aug 20, 2009
A depositional model is proposed for deep-water petroleum reservoir sands (Pliocene) in the Krish... more A depositional model is proposed for deep-water petroleum reservoir sands (Pliocene) in the Krishna-Godavari Basin, Bay of Bengal, India. Based on examination of 313 m of conventional cores from three wells, five depositional facies have been interpreted: (1) sandy debrite, sandy slump, sandy slide, and sandy cascading flow, (2) muddy slump and debrite, (3) sandy tidalite, (4) muddy tidalite, and (5) hemipelagite. Debrites and slumps constitute up to 99% in one well. Sand injectites are common. Pliocene environments are interpreted to be comparable to the modern upper continental slope with widespread mass-transport deposits and submarine canyons in the Krishna-Godavari Basin. Frequent tropical cyclones, tsunamis, earthquakes, shelf-edge canyons with steep-gradient walls of more than 30u, and seafloor fault scarps are considered to be favorable factors for triggering mass movements. Pliocene canyons are sinuous, exhibit 90u deflections, at least 22 km long, relatively narrow (500-1000 m wide), deeply incised (250 m), and asymmetrically walled. Sandy debrites occur as sinuous canyon-fill massive sands, intercanyon sheet sands (1750 m long or wide and 32 m thick), and canyon-mouth slope-confined lobate sands (3 km long, 2.5 km wide, and up to 28 m thick). Canyon-fill facies are characterized by the close association of sandy debrites and tidalites. Reservoir sands, composed mostly of amalgamated units of sandy debrites, are thick (up to 32 m), low in mud matrix (less than 1% by volume), and high in measured porosity (35-40%) and permeability (850-18,700 mD). Because upper-slope sandy debrites mimic base-of-slope turbidite channels and lobes in planform geometries, use of conventional submarine fan models as a template to predict the distribution of deep-water sand is tenuous. GEOLOGICAL SETTING Study Area The Krishna-Godavari Basin is composed of both onshore and offshore stratigraphic components (Fig. 2). The cored Pliocene intervals in three wells represent the deep offshore component (Fig. 2). The water
Marine and Petroleum Geology, Jul 1, 2019
Combined seismic images and core data from shallow gas-charged, deep-water sands in the western B... more Combined seismic images and core data from shallow gas-charged, deep-water sands in the western Bay of Bengal provide a detailed record of channel formation and evolution. The KG-D6 Block, western Bay of Bengal, includes two main Pliocene deep-water channel complex sets, termed the A and B complex sets, currently under gas production by Reliance Industries. These represent sinuous channels developed at the base of the delta slope off of the Godavari River and at the head of a long continental slope into the deep Bay of Bengal. The A complex set includes two main channel complexes, the older A150 and younger A100 channel complexes. The A complex provides an excellent opportunity to explore the geometry, sedimentation, and evolution of a small submarine channel system because of shallow reservoir depth, excellent 3D seismic coverage, availability of cores, and the nearly complete system-wide gas charge of the sandstones. Relict sea-floor topography and the processes of avulsion and splay development figure importantly in the overall evolution of slope channel systems. In the KG-D6 area, a sand-rich avulsion splay derived from an older channel complex became the template upon which the A channel complex set evolved. The component A150 and A100 channel complexes developed along a single sinuous course, with the channel complexes building through coupled channel
East West University, Jan 5, 2018
It is well known fact that merger waves exist. These normally come in waves and are an enduring m... more It is well known fact that merger waves exist. These normally come in waves and are an enduring mystery. The search for a single explanation for their existence, growth and size continues. The history of US, UK and India merger waves shows that each wave has had a different motivator, including regulatory and economic factors. The nature of the waves also changed with differences in the type of deals, the behaviour of the involved companies and the methods of payment. Why then should there be a single explanation for the existence of merger waves? Considering their history there is no reason to believe that a single model exists to explain this phenomenon. But, it is crystal clear from the study that they tend to occur during economic expansions, and end when the market and the economy slow down.
Indian Journal of Finance, 2009
It has generally been assumed that the daily returns are the same for all days of the week. That ... more It has generally been assumed that the daily returns are the same for all days of the week. That is, expected return on a given stock is the same for Monday as it is for Tuesday as it is for Wednesday as it is for Thursday and as it is for Friday. However, a number of studies have uncovered the evidence that have been refused this belief. The day of the week effect is a phenomenon that constitutes a form of anomaly of the efficient capital market theory. This research study aims at analyzing the impact of day of the week effect on stock returns in the Colombo Stock Exchange. The main source of data for this research is the daily All Share Price Index of Colombo Stock Exchange for a sample period starting from 02nd January 1985 to 31st December 2004. To investigate the day of the week effect in relation to stock returns both descriptive statistics and autoregressive model were used. To test the day of the week effect four dummy variables, Tuesday through Friday, and five-lag variable to test lag effect have been introduced in the autoregressive model. The finding of the descriptive statistical analysis shows that there is a day of the week effect in stock returns at the Colombo Stock Exchange. However, the trend of this effect is not similar over the sample period. This may be due to the changing socio economic and political conditions of the island. The first finding of this research from the autoregressive model is that there is statistically significant day-of-the week-effect in stock returns of the Colombo Stock Exchange for the overall sample period, and Friday returns are significantly higher compared to the other days. The second finding is that there are lag effects existing in stock returns relating to the day of the week effect.
Siddhant- A Journal of Decision Making, 2017
Banking is one of the important sectors of Indian economy. The purpose of this paper is to examin... more Banking is one of the important sectors of Indian economy. The purpose of this paper is to examine the comparative position of pre & post-merger financial performance of selected banks. Present study highlights the major gaps in financial performance compared through Economic value added. Using data drawn from money control and yahoo finance this present exploratory study covers a sample of six banks, which got merged during 2004 to 2010. Economic value added approach is used to compare pre and post-merger financial performance. The study reveals that post-merger financial performance has improved in major cases. Finally, evidence is presented that proper analysis before the merger deal can improve bank's performance. Because of the chosen research approach, the research results may not be generalizable for all banks. The paper includes implications for top management of banks in designing merger deal, which can be beneficial for them to have synergy gain in terms of financial, stock performance and wealth maximization. INTRODUCTION: The Indian banking sector is a spine of Indian economy. In the last few years, the Indian banking sector has made brisk growth in terms of revenue due to favourable factors, but few banks were not able to perform well. To improve performance, many banks were merged with other banks. A part from this objective, the merger is to improve banking services, create operational and financial synergy, market share gain, value maximization, market expansion & creation of large identity. Among all this, the matter that needs much concern is how the merger affects the overall financial performance of banks. In 1980, merger and company performance was important issue in front of management thinkers. An empirical study (Michael Lubatking, 1983) has made an argument that merger results in improvement of the firm's performance. Studies in 90's have also examined the performance of the firm. (Healy, 1992) has studied the performance of firms using a sample of the 50 largest merger between U.S public, industrial firms completed in the period 1979 to 1983. A study has revealed that after the merger, there was improvement in performance in terms of assets utilization, productivity and long-term investment. (Marcia, 1991) had analysed the post-merger financial performance of largest banks merged during 1982 to 1987 & enhanced the after merger, assets growth and employee productivity has improved. Some argue that mergers and acquisitions activities create agency problems, resulting in less than optimal returns (Jensen, 1986) where as other argue that M & A create synergies that result into benefit for firm (Weston et al, 2004)
Credit is considered as a critical input that affects agricultural productivity. Due to the lack ... more Credit is considered as a critical input that affects agricultural productivity. Due to the lack of economic power and of educational background, the small and marginal farmers in Orissa (India) are unable to adopt the new technologies to increase the agricultural productivity, more specifically the productivity of rice. This is because the state looks rural credit from the supply side. In this paper, an attempt was made to study the impact of institutional short-term credit on productivity of rice in Bargarh district of Orissa by taking 454 samples from three different blocks. It is found that the availability of and accessibility to institutional short term credit has a positive impact on the use of modern technology and other inputs to improve the rice productivity.
What gets measured gets done—for better or worse. Too many companies chase growth in earnings per... more What gets measured gets done—for better or worse. Too many companies chase growth in earnings per share, only to find themselves employing too much capital at too low a rate of return and thereby eroding shareholder value. Economic Value Added(1) offers a beguiling solution: an easy-to-understand measure that recognizes improvements in earnings only to the extent that they exceed the cost of the capital employed to secure them.
In recent years, environmental pollution becomes so acute and the stakeholders’ awareness to the ... more In recent years, environmental pollution becomes so acute and the stakeholders’ awareness to the issue becomes so serious that environmental accounting has become a strong branch of accounting. Still, attention towards the style and recognition of environmental accounting is not a generalized one. Legal authorities, standard setting bodies and other regulators cannot come to a consensus regarding the conceptual framework of environmental accounting and its disclosure. Thus, such disclosure is not mandatory rather voluntary that has no specific style or format. With the passage of time, more guidelines are coming in customized format that may lead us to reach a common format for recognizing environment related data and disclosure thereof through financial statements. Still, such disclosure is guided by the social responsibility and commitment on the part of the entities that work as strong agents for polluting the environment. In this paper, the theoretical foundation of environmenta...
The women entrepreneurs of Sri Lanka were victims of war. They did not become entrepreneurs out o... more The women entrepreneurs of Sri Lanka were victims of war. They did not become entrepreneurs out of choice; they became entrepreneurs as a result of war, in their pursuit of supporting themselves and their families. Majority of them were in business for the first time as they lost their husbands and/or children to the war and saw business as a means to end and their success in the venture is making a balance between family and work. These women were educated with a minimum level education and were involved in businesses such as livestock farming, services and craft/textile which did not require a high capital outlay and expert skills and knowledge of the business. While the international attention has somewhat shifted elsewhere, the international community are still trying to play a constructive role in building up a post war Sri Lanka. What is more difficult to knowis what strategies (long and short term) exists for development in Sri Lanka? How will the civilians more particularly...
Indian economy in the post-liberalisation era has witnessed increasing awareness of the need for ... more Indian economy in the post-liberalisation era has witnessed increasing awareness of the need for introduction of various risk management products to enable hedging against market risk in a cost effective way. This industry-wide, cross-sectional study concentrates on recent foreign exchange risk management practices and derivatives product usage by large nonbanking Indian-based firms. The study is exploratory in nature and aims at an understanding the risk appetite and FERM (Foreign Exchange Risk Management) practices of Indian corporate enterprises. This study focuses on the activity of end-users of financial derivatives and is confined to 501 non-banking corporate enterprises. A combination of simple random and judgement sampling was used for selecting the corporate enterprises and the major statistical tools used were Correlation and Factor analysis. The factor analysis finds that there are three derived factors of non-usage of derivative products namely, Perceptual Issues, Techni...
RFID is a tracking system that uses bar codes to track items in a store or organization. It helps... more RFID is a tracking system that uses bar codes to track items in a store or organization. It helps to ensure operations are cost effective and efficient. Realizing the right value of each asset is critical in the supply chain process. Traditional methods involve significant time and resources to track and manage assets. Ensuring that the right type of RFIDs is used is important. Based on the organization context and need, right RFIDs can be put in use. Smart asset tracking allows businesses to know precisely where the assets are located and their movement in the process is tracked, as well as the asset's physical and environmental condition. These intelligent systems form the foundation for success of retail industry. This paper explains the use of integrated software application with active RFIDs. The features of the integrated software are discussed. The right use of these applications to improve the business process is also highlighted.
The importance of SMEs in any economy cannot be overlooked as they form a major chunk in the econ... more The importance of SMEs in any economy cannot be overlooked as they form a major chunk in the economic activity of nations. India has nearly three million SMEs, which account for almost 50 per cent of industrial output. However, SMEs which form the backbone of industrial development in India are not export competitive and contribute only about 34 percent of exports. It is this feature of the SMEs that make it an ideal target to realize its potential export competitive. Drawing from the experiences of countries that have successfully promoted the export competitiveness of SMEs, this paper has identified ways in which SMEs in India can have an access to external markets through exports, which include simplification of procedures, incentives for higher production, preferential treatments to SMEs in the market development fund, linking up SMEs with Transnational Companies or large domestic exporting firms; and formation of clusters and networks in order to reinforce their external compet...
Every organization is constantly looking for opportunities to make their operations cost effectiv... more Every organization is constantly looking for opportunities to make their operations cost effective, efficient and agile. In a manufacturing organization, supply chain management should be efficient. Every asset has to be managed well. Realizing the right value of each asset is critical in the supply chain process. Traditional methods involve significant time and resources to track and manage assets. It is not about understanding where the asset is at a fixed point of time, but using active information to make effective decisions. Radio-frequency identification (RFID) is used to automatically identify and track tags attached to objects. These tags contain information stored in electronic format. It is important to understand RFID error rate. RFID errors impact the transactions and causes delay and rework. There is a direct impact to operation costs. This paper illustrated how RFID error rates can be predicted and analyzes two factors contributing to these errors. This would help redu...
Retailers need to transform their information technology capabilities to stay competent in the ma... more Retailers need to transform their information technology capabilities to stay competent in the market. Information technology should be used to manage the rapid speed and flexibility in the retail sector. Differentiation can only be provided by faster access to customer data. An integrated system to enhance the business process is the need of the hour. The transparency between systems and better tracking to integrate systems between the organization and the customer is vital. Enterprise resource planning systems provide an end to end view for the organization management. In this paper the different business processes and the applicability of information technology infrastructure is discussed. A case study explaining the usage of information system in customer service business process and the impact to customer satisfaction is highlighted.
Quality Function Deployment (QFD) has successfully been used for product and production planning ... more Quality Function Deployment (QFD) has successfully been used for product and production planning in Total Quality Management (TQM) literature. Among the four phases in QFD methodology, product planning is the first phase. House of Quality (HOQ) is a customary technique used in product planning which basically starts with the Voice of the Customers (VoC) which is ultimately translated into design requirements. The target of HOQ is to plan the product in such a way that is demanded by the customers. This paper seeks to present and explain an algorithm to construct the HOQ by an intelligent agent who is trained for such purpose.
SEDME (Small Enterprises Development, Management & Extension Journal): A worldwide window on MSME Studies
The level of financial literacy among the Indian women has not been well documented. Hence, the n... more The level of financial literacy among the Indian women has not been well documented. Hence, the need arises to understand in detail the issue of financial literacy among women in India. This paper is an attempt in this direction. Financial literacy has been identified as one of the key competencies required for establishing, managing and thriving of the enterprise. However, the exact effect they have on the financial performance of enterprise has not been fully established by the available literature, therefore the need for further research in this area. This study seeks to establish the influence of financial literacy on the financial performance of women entrepreneurs in selected districts of western Odisha. A descriptive survey design was adopted for conducting the study. A sample of 57 woman entrepreneurs was selected out of the total population, using stratified sampling methods. The data collected was analysed using SPSS and the significance of the results tested using inferential statistics. The results of the multiple regressions revealed that there is a significant strong positive relationship between financial literacy and financial performance of woman entrepreneurs. The study recommends that awareness be created among woman entrepreneurs about the importance of being financially literate by encouraging them to participate in financial literacy training programmes.
Indian Journal of Marketing, 2009
To remain profitable and strong in the market, retaining current customers and attracting potenti... more To remain profitable and strong in the market, retaining current customers and attracting potential customers has no alternative. This can only be done if the customers are kept satisfied and if the gap between expectation and perception of services are minimal. Thus, the analysis of gap on a regular basis and following the improvement, if any, is very important. In this paper, such analysis of gap is initiated on deposit service of a multinational bank operating in Bangladesh. For this gap analysis, SERVQUAL is used as a tool with five original dimensions and twenty two statements. A questionnaire survey is administered to calculate the gap score using SERVQUAL scale and thrust areas have been identified on the basis of the gap score where management should give more attention.