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In recent years, clusters of industry have attracted multilateral attention, from academia and practice, alike. Clusters of industry relate to harbouring regional competitiveness; as such, they have come to be considered as import...
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In recent years, clusters of industry have attracted multilateral attention, from academia and practice, alike. Clusters of industry relate to harbouring regional competitiveness; as such, they have come to be considered as important constructs for strategy and policy, that can be deemed as complementary domains. At the same time, maritime clusters are regarded as dynamic cases from a multitude of viewpoints. The concepts of strategic policy, particularly as they pertain to maritime clusters, require deeper understanding and more thorough analysis. In this context, cluster typologies surface as a useful instrument that can offer valuable insight. While this field instils the eventuality of facilitating policy and strategy within clusters, it remains relatively barren. This instance may present the opportunity to better elaborate on the formulation of models and frameworks that address the intricacies within maritime clusters. The research conducted introduces a three-tier framework for the generation of maritime duster typologies, that bears the potential to enrich strategic management and its eventual policy implications, towards a more streamlined and informed manifestation.
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ABSTRACT The sustainable management of Australia’s natural resources has increasingly attracted policy interventions by the Australian government. Drought policy represents one sector where the Australian government is a signator...
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ABSTRACT The sustainable management of Australia’s natural resources has increasingly attracted policy interventions by the Australian government. Drought policy represents one sector where the Australian government is a signatory to sustainable use of natural resources, cognisant of the nexus between agricultural production practices and environmental condition. A strategic sustainability policy evaluation framework is applied to drought policy to analyse policy design and process relationships with a view to informing improvements in these policy facets. The analysis finds that at the national level, the nature of the policy problem is inadequately defined, giving rise to generic objectives and overly narrow policy instrument choices that are inconsistent with the complex nature of drought and resilience objectives. Policy instrument choice is focussed on farm financial viability, with simplistic correlations drawn between farm profitability and improved social and environmental wellbeing. The appetite for broader structural reforms to agricultural and rural community development are lacking politically and by industry, but necessary given emerging social, economic and environmental challenges to agriculture. Structural reforms will be inevitable if the complexities between production and sustainable natural resource management are to be reconciled. More systemic and nuanced understandings of resilience and drought risk are needed to deliver on the policy ambition of drought resilience.
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The Department of Energy is faced with the critical and complex decision of selecting technologies for waste site remediation. This research focuses on developing a decision support tool which assists the decision maker to find an...
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The Department of Energy is faced with the critical and complex decision of selecting technologies for waste site remediation. This research focuses on developing a decision support tool which assists the decision maker to find an optimal portfolio. A portfolio consists of selecting the appropriate processes for a remediation site and, subsequently, selecting a technology for each process so that the decision maker's objectives are achieved. The measures supporting the objectives are risk, life-cycle cost, and time required for remediation. The model uses exponential attribute utility functions with an additive objective function. The model provides the decision maker with estimates of the cost and time distributions, and their associated utility. Cumulative frequency distributions illustrate the dominance of technology choices and the variance in the results. The model permits sensitivity analysis in the form of rainbow and tornado diagrams to display the effects of changes in the values of the input variables. Overall, the model provides a generic technology selection tool that can be used to make better informed decisions and may be easily manipulated to reflect changes in the remediation process.
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Sir Peter Hendy's Union Connectivity Review recommends the creation of UKNET-a strategic transport network spanning the UK-and that the UK Government should plan improvements to the transport network using multimodal corridors. Th...
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Sir Peter Hendy's Union Connectivity Review recommends the creation of UKNET-a strategic transport network spanning the UK-and that the UK Government should plan improvements to the transport network using multimodal corridors. The UK Government has indicated that the Prime Minister intends to accept the proposal to create UKNET.
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Over the past three decades, the Australian Government has led the coordination and implementation of strategic policies that aim to manage natural resources sustainably. Strategic policies typically seek to manage the consumptive...
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Over the past three decades, the Australian Government has led the coordination and implementation of strategic policies that aim to manage natural resources sustainably. Strategic policies typically seek to manage the consumptive use of natural resources to improve a range of environmental variables. This article focuses on strategic policies which operate under national arrangements where the Australian Government has limited direct constitutional powers to regulate natural resource use, so resorts to indirect measures and financial incentives. While the extent to which such policies give effect to sustainable development principles is debatable, as is their appropriateness for achieving environmental gains, a number of strategic natural resource management policies have persisted in the national policy domain. These present opportunities for understanding good-practice policy-making for managing natural resources sustainably, and an evaluative framework is presented to this effect. Relevant inter-relationships and complexities for policy design and implementation are revealed with the intent of stimulating further enquiries and analyses of strategic NRM policies in the context of Australia's federal system.
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Clean technologies, such as solar panels and wind turbines, help to curb global emissions, but they require dirty inputs for their production-i.e., mining rare earth elements (REEs) pollutes local environments. REEs are also the o...
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Clean technologies, such as solar panels and wind turbines, help to curb global emissions, but they require dirty inputs for their production-i.e., mining rare earth elements (REEs) pollutes local environments. REEs are also the object of rent-shifting strategic trade policies, as highlighted by a recent WTO ruling against China's quotas and tariffs on exports of REEs. We construct a three-country trade model with an environmental damage function, in order to examine the effects of three policies with different implications for the equilibrium quantities of dirty inputs and clean technologies: a downstream subsidy, an upstream export tariff, and an upstream pollution tax. We relate the welfare implications of the policies to the parameters of the damage function and to the number of downstream competitors. The effects of a unilateral policy switch from an export tariff to a domestic pollution tax, as suggested by China's reaction to the WTO challenge, are also examined.
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Most retailers offer a price adjustment protection policy. With this policy, if the retailer discounts the product, then time-eligible consumers who paid the regular price can apply and get a refund of the price difference. We sho...
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Most retailers offer a price adjustment protection policy. With this policy, if the retailer discounts the product, then time-eligible consumers who paid the regular price can apply and get a refund of the price difference. We show that for perishable products and a given order quantity and demand realization, offering price adjustment protection will not decrease the revenue of the retailer. Also, when consumers behave strategically, offering price adjustment protection increases the revenue of the retailer. We also examine the optimal duration of the price adjustment protection together with the optimal price markdown time. Our analysis shows that for a given order quantity, offering a price adjustment protection will leave revenue unchanged for low realizations of demand, will increase revenue for high realizations of demand, and will decrease revenue in the mid range of demand realization. Price adjustment protection has a larger positive effect on revenue when the proportion of strategic consumers is high and that effect is further increased when more of them exhibit optimistic behaviour.
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We consider the effects of a one-sided price regulation of one of two complementary inputs. The provider of the regulated input is a domestic firm, while the provider of the other input is a foreign firm. This describes the market...
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We consider the effects of a one-sided price regulation of one of two complementary inputs. The provider of the regulated input is a domestic firm, while the provider of the other input is a foreign firm. This describes the market structure for several digital information and communication services, where the regulated input is access while the non-regulated complementary input is content. We show that one-sided regulation may have negative welfare effects compared to a free market economy, unless the regulator has a first-mover advantage. In the latter case, regulation is welfare enhancing regardless of whether the foreign input provider uses linear or non-linear wholesale prices.
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We consider a deterministic pricing and replenishment model in which the retailer advertises a fixed price and the selling schedule, and customers can advance or delay their time of purchase incurring holding or shortage costs. We...
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We consider a deterministic pricing and replenishment model in which the retailer advertises a fixed price and the selling schedule, and customers can advance or delay their time of purchase incurring holding or shortage costs. We investigate the impact of heterogeneity in the customers' reservation prices. We show that the resulting optimal solution may be very different from that obtained when customers are homogeneous. We identify nine types of possible optimal sales strategies, and compute their profits. In particular, the solution may contain sales at several discrete points of time between consecutive replenishment epochs with no sales between them.
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Following on from a quantitative (questionnaire- based) study into policy-making procedures and the consideration of environmental concerns therein within Australian government agencies, a further qualitative study was undertaken ...
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Following on from a quantitative (questionnaire- based) study into policy-making procedures and the consideration of environmental concerns therein within Australian government agencies, a further qualitative study was undertaken to identify opportunities for modifying and im- proving existing approaches and methodologies for strategic environmental assessment (SEA).
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