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Working Papers | 1997

Need for Back-up in Box Solar Cooker

Girja Sharan

Systematic efforts to promote box solar cookers in Gujarat (India) began in 1979. Gujarat is characterised by high insolaiton, high ambient temperatures, clear sky and in most parts, sever shortage of fuel-wood. In short, a region with high potential for use of cooker. In addition it has good entrepreneurial climate, an added positive feature. Yet, only about 35,000 units have so far been sold and sales are levelling off. The first-purchase-volume curve, often used by market research professionals to study product life cycle, indicates that cooker is past maturity and is in decline. Significant improvement would be essential for further diffusion. A survey of users in and around Ahmedabad city indicated that they would like the present cooker made less vulnerable to climatic factors. Conjoint analysis indicated two other features desired-doneness indicator, and stainless steel vessels. In this paper we present an analysis of back-up required in Ahmedabad region, which can make the cooker less vulnerable to climate.

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Working Papers | 1997

Working Capital Management in Sri Lanka

Pandey I M and Perera K L W

The study provides an empirical evidence of working capital management policy and practices of the private sector manufacturing companies in Sri Lanka. The information and data for the study were gathered through questionnaires and interviews with chief financial officers of a sample of manufacturing companies listed on the Colombo Stock Exchange. The main conclusions of the study are summarised below: · Most companies in Sri Lanka have informal working capital policy. The managing director plays a major role in formulating formal or informal policy. Company size has an influence on the overall working capital policy (formal or informal) and approach (conservative, moderate or aggressive) and review period. · Finance manager is the responsible for managing working capital components. Stretching of credit payment and ageing schedule are the primary tools of managing disbursement float and controlling debtors respectively. Material requirement planning (MRP) and perpetual inventory control (PIC) system are key techniques of inventory management. Company profitability and working capital policy influence the payable management and working capital finance respectively. Most of the companies take cash discounts, but their annual cost of working capital funds is high that ranges between 15-20%. · Current and cash budget are major techniques of working capital, planning and control. Company profitability has an influence on the methods of working capital planning and control. Companies sometimes consider working capital changes when they evaluate capital budgeting. Most of the companies in this study use bank interest rate as a hurdle rate for evaluating the working capital changes. · A comparison of the working capital practices of the Sri Lankan companies with the USA companies reveals a lot for similarities. The basic difference is in terms of the use of computerised system and the opportunity to invest surplus cash in the money market instruments.

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Working Papers | 1997

Linear and Non-Linear Budget Sets

Lahiri Somdeb

In this paper we show that every choice problem in a finite-dimensional Euclidean space can be viewed as the budget set corresponding to an economic environment (possibly non-linear) in consumer choice theory.

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Working Papers | 1997

A Reconsideration of Some Properties of Solutions for Two Dimensional Choice Problems

Lahiri Somdeb

In this paper, we take up the outstanding problem of axiomatically characterizing what we have referred to in the paper as the additive choice function on the classical domain for choice problems. Apart from an impossibility result for the additive choice function, there is an axiomatic characterization, which as a by-product provides a counter example to a conjecture for the egalitarian choice function. In an appendix, we provide a proof of an axiomatic characterization of the egalitarian choice function using a superadditivity axiom. Further we show several non-rationalizability properties of utilitarian consistent solutions. In this paper, we also provide proofs of axiomatic characterizations of the family of non-symmetric Nash choice functions and the family of weighted hierarchies of choice functions. Our conclusion is that earlier axiomatizations are essentially preserved on the classical domain for choice problems. the proofs are significant in being non-trivial and very dissimilar to existing proofs on other domains.

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Working Papers | 1997

The Competitiveness Connundrum: Literature Review and Reflections

Chaudhari Shekhar and Ray Sougata

The concept of competitiveness has been studied by researchers from a variety of perspectives using different methodologies. Though there is a large volume of literature on the subject, there seems to be a dearth of systematic reviews of the extant literature. This paper is an attempt in that direction. It presents a classificatory scheme using two dimensions – level of analysis (nation, industry and firm) and types of variables used to explain and measure competitiveness. The implicit and explicit research questions addressed and issues related to definition, measurement and sources of competitiveness at various levels are also discussed. It is suggested that given its complexity and electic approach combining different schools of thought and using multiple measurement schemes would be appropriate for doing research on competitiveness.

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Working Papers | 1997

Human Development in India: A Macro Perspective

Chaudhari Shekhar and Kumar Sunil

During the 1950s and 60s the concept of development ignored the social dimension. However, during the last three decades several new concepts have emerged concerning “development” at the national and the global levels. Today the human factor is a central concern in “development”. This paper discusses some key aspects of the process of Human Factor Development (HFD) in India with a focus on the post independence period and identifies important influencing factors. We have analyzed HFD in the paper on the basis of four dimensions; (a) standards of living, (b) skill formation and knowledge acquisition, (c) utilization of skill and knowledge, (d) human values and ethics. Our analysis suggests that HFD in India has two disturbing trends. Firstly, it seems that actions by professionals and political leaders of the country are not governed by ethical and moral considerations. Secondly, a very small proportion of the country's population possesses sophisticated knowledge and skills. Moreover, these people are trained at the country's premier institutions at high cost to the society. But, their knowledge and skills are not being properly utilised and the country continues to have a high incidence of poverty, child labour, and illiteracy. Synchronised efforts are required from the academia, policy planners, political and religious leaders of the country to achieve the desired economic growth and development by concentrating on HFD.

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Working Papers | 1996

The Focal Faculties of the Firm: Using Knowledge Power for Global Leadership

Thomas P S and T. Madhavan

There is indubitably more to the sources of sustained competitive advantage of corporations than meets the eye. Among the most promising of these are the focal faculties of the firm, the areas of expertise ingrained in organizations over long periods of time. If properly developed and managed these focal faculties can be mixed and matched, both internally as well as externally, to pioneer promising lines of business that can sustain the firm from one generation to the next. Previously many firms succeeded by combining the best features of the family, the school and the military which minimizing bureaucratic proclivities. In future, firms may also have to adopt the recognized strengths of the collegiate approach, fundamental to which is knowledge creation, dissemination and use in a truly democratic manner. What a firm produces will always be important. Increasingly, what it knows will be even more important. This knowledge will basically be about its environment, about itself and about creative strategies which combine the two for success over the long term. If crystallized meaningfully into focal faculties, the foregoing knowledge may help the firm not only to perform well currently but also to adapt to changing circumstances and to seize the opportunities which appear from time to time on distant horizons.

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Working Papers | 1996

Axiomatic Characterization of Solutions for Rationing Problems

Lahiri Somdeb

Situations abound in the real world, where aggregate demand for a commodity exceeds aggregate supply. When such situations of excess demand occur, what is required is some kind of rationing. The literature on rationing problems has an interesting origin in the Babylonian Talmud. The purpose of this paper is to characterize axiomatically and analyze some Talmudic Solutions for rationing problems.

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Working Papers | 1996

Rewarding Creativity for Conserving Diversity in Third World: Can IPR Regime Serve the Needs of Contemporary and Traditional Knowledge Experts and Communities in Third World

Anil K. Gupta

Regions of high biodiversity are often inhabited by the poorest people. The irony is that many of local healers and other herbal experts do not even charge for their services to the community. They conserve biological diversity despite remaining poor themselves. Their superior ethics cannot be a reason for our inferior ethics. The fact that the younger people are no more inclined to acquire and improve this knowledge further increases the risk of knowledge erosion. The contemporary innovations suffer even worse fate compared to traditional knowledge. In the absence of any institutions to recognize, respect and reward the grassroots creativity, the intellectual properties are exploited by national and multinational corporations inviting charge of biopiracy. The projected losses to third world on this account could be many times more than the suspected loss to developed countries due to copyright and IPR piracy in third world. A registry will prevent any firm or individual to seek patent on community knowledge as well as on knowledge and innovations produced by individuals without some kind of cross licensing. It will be possible to achieve the following results from such a registry: (i) acknowledgment of individual and collective creativity, (ii) grant entitlements to grassroots innovators for receiving a share of any returns that may arise from commercial applications of their knowledge, innovations or practices with or without value addition, (iii) linking the golden triangle of entrepreneurshipby linking investments, enterprise and innovations. Small scale investors in north and south cannot afford to go to various countries, scan diversity of knowledge and resources, negotiate contracts and invest up from huge investments for value addition, (iv) an autonomous authority of which local community representative will be the majority members could be entrusted with the responsibilities of having access to all the contracts, (v) each entry in the register will be coded according to an universal system like ISBN. The postal pin code of the habitat of the community or individuals registering innovations will be incorporated in the indexation system so that geo-referencing of innovations can be done, (vi) the entry in the register will in the first stage be mere acknowledgment of creativity and innovations at grassroots level. Essential purpose of this innovation also is to enable the potential investors (a cooperative of consumers, producers, an entrepreneur, or a large firm in private or public sector) to access the innovations and explore opportunities of joint ventures or licensing of innovations for research and commercialization. The transaction costs of both the investors and innovators will be reduced through the registry, (vii) the award of certificate will also increase entitlement of innovator/s for access to concessional credit and risk cover so that transition from collector, or producer of herbs to developer and marketer of value added products can take place in cases where innovators deem that fit, (viii) the registration system will also be part of knowledge Network linking problem solving people across the world at grassroots level. The patentees in the case of innovations like the ones based on neem trees should agree to share part of their profits with an International Innovations Support and Biodiversity Conservation Fund. The paper makes a case for adapting patent systems to not only accommodate the creative urges of local communities but also ensure that this vibrant and dynamic laboratory for developing sustainable technologies and products does not die down just because a community of IPR experts could not fathom its long term potential.

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Working Papers | 1996

International Trade and Long Term Economic Growth: A Few Issues on Growth Strategies for India

Patibandla Murali

For developing economies, technological change and micro level efficiency is as important as capital accumulation as a source of long term economic growth. International trade is an important source of incentives in generating both intentional and by-product technological change by increasing aggregate economic activity (market size) and competitive conditions. In the present context, selective policy intervention on the production side may provide cutting edge in realizing dynamic gains through trade.

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