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3819 items in total found

Working Papers | 1993

Forecasting Money Supply Using Box-Jenkins and other Procedures

Gupta G S

The big provides forecasts on the money supply in India during 1993-01 through 1995-04, using the quarterly data for the period 1970-01 to 1992-04 and several alternative appropriate statistical and econometric methods. Appropriate statistical and econometric methods. Appropriate statistical tests and accuracy measures have been applied to assess the credibility of the alternative methods and within the sample period forecasts. It is found that the forecasts through the Box-Jenkin's method are the most conservative while those from the decomposition method the most liberal ones, those through the regression and exponential smoothing fall in between the two extremes. Arguments have been advanced for their comparative strengths and weaknesses. As per the results, the money supply is expected to be around Rs.5,000 billion in Dec. 1995, and it could vary between Rs.4,764 billion and Rs.5,814 in that period.

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Working Papers | 1993

Project Management: Comparison of Practices in India and U K

Tripathy Arabinda

Resources are committed primarily for two purpose. In one case it is spent on meeting ongoing requirements and in other case for creating new facilities. The first category is classified as operational requirements and the second project. However, the definition of project as an one time endeavour, encompasses many areas other than creation of new facilities. It is possible to associate all types of projects to creation of facilities physical or otherwise and resulting in “benefits” to a set of beneficiaries.

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Working Papers | 1993

On Internalization of Externalities

Anil K. Gupta and Prakash Aseem

Externalities can be internalized through market mechanism, government regulation, or self-governing institutions or a mix of these institutions. We recommend the institutional route which minimizes total cost (sum of technology, management, and transaction costs) to the firm. These costs are influenced by the externality attributes (occurrence, polluter, spatial, time and technology). Different institutions may be appropriate for different stages and social contexts of an externality.

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Working Papers | 1993

Scale, Equity and Efficiency: A Stone May Kill More Than One Bird

Prakash Aseem and Anil K. Gupta

Policy goals of efficiency, equity, and sustainability may not be independent. Also the policy instruments. i.e. price mechanism, fiscal policy, and scale may be related. We need to find answers about who shall decide the scale at the national and international level? If equity and scale are related, the interests of the countries in the resource-intensive growth phase and of the post-industrial societies, my clash.

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Working Papers | 1993

Bases of Work Motivation in Development Societies: A Framework for Performance Management

Misra Sasi B and Kanungo R N

In this essay authors endeavored to analyse and understand variables that adversely affect level of motivation and performance of people within work organizations in developing societies. The authors analyse and identify the endogenous and the exogenous variables affecting worker motivation. With respect to exogenous variables, it is apparent that employees, owing to enduring influences of past socialization, bring with them habits, norms, and expectations that guide their behaviours at work place. It is this cultural baggage they carry that is stubbornly resistant to change. This has to be accepted as given while attempting to improve employee motivation and performance. It is the set of endogenous organizational variables that need to be looked at more carefully for identifying action levers for improving worker motivation and performance. These action levers have to be designed in such a way that they become compatible with the socio-cultural norms of the employees. With particular reference to Indian organizations, we have formed these into the following imperatives. 1. The management ought to be guided by the dictum: “Labour is an investment” and develop an organizational culture that values and promotes human resource as an important asset. Top management must demonstrate a commitment to establish such a culture with proactive policies in human resource management areas such as recruitment, training, placement, job design, supervision etc. It is not enough to remain merely at the level of pious pronouncements, but to go further in demonstrating that pronouncements are translated into actions. Establishment of a culture that values human asset will go a long way in enhancing employee self-esteem and loyalty. 2. The management must undertake systematic manpower planning, evolve recruitment criteria and procedures based on behaviourally and/or skill anchored job analysis. 3. With respect to tasks, job definitions should be unambiguous and performance standards clear. Such job clarity would be welcome by the employees who belong to a culture high on uncertainty avoidance (Ho fstede, 1980). 4. Rewards, financial or otherwise, should be valued and must be perceived as based on performance. Perhaps there is no hitch in acknowledging this principle. But most organizations have far to go in implementing them. We have alluded to several management practices such as time-based compensation, inadequate performance appraisal etc. that hinder reward – performance contingency and equity in the Indian context. Such practices have to change if management wants organizational rewards to have motivational effects. What is needed is a systematic evaluation of both compensation and appraisal systems on the basis of two criteria culture congruence and motivational effectiveness. On the basis of such evaluation, the systems can then be redesigned to ensure that whatever rewards are offered by the organizations are needed and valued by employees, and perceived as equitable and are contingent on performance desired by the organizations. 5. Finally, appropriate supervisory support and guidance are necessary for the employees to be motivated to perform. Mendonca and Kanungo (1990) have proposed several concrete organizational interventions for effective performance management in developing countries. They also suggested that in the Indian context the manager must adopt a nurturant-task leadership style (Sinha 1980, 1990) which is congruent with the employees familial and cultural values.

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Working Papers | 1993

A Note on Expansion Independence in Multiattibute Choice Problems

Lahiri Somdeb

Two appealing independence properties have been used by us to characterize the egalitarian, utilization and relative egalitarian choice functions.

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Working Papers | 1993

Jatropha Curcas L. : A Promising Non-edible Oil Seeds

Gurdev Singh, Seetharaman S P, and Chokshi S N

Jatropha curcas L. is a non-edible oil seeds which grows widely in some areas in Gujarat, Madhya Pradesh and Rajasthan where it is also grow as live fence on the boundaries of fields. Being hardy in nature it can survive in harsh soil and climatic conditions and is a suitable species for wastelands and marginal farm lands. To augment the supply of non-edible oils for industrial uses efforts were made to promote this species as a plantation crop among the farmers in Madhya Pradesh, Maharashtra and Rajasthan through public, cooperative and corporate sectors. However, so far success eluded every where. It was found that though the crop has shown a promise at experimental farm, it failed at the farmers level. Being a new crop, it warranted more intensive follow up by the promoters. The average yield obtained in the initial years by some farmers was less than one-third of the expected. As a result, many growers uprooted the crop after 2-3 years experience. As a result neither the cost of cultivation nor its economics could be established. Whether the cause for failure was improper package of practices or incompatibility of soil could not be ascertained. Whether it would give better results if propagated through cuttings needs to be established. Nevertheless it is potential source of non-edible oil and needs to be promoted for wastelands development. The strategy to promote the crop should include evolving optimum agronomic practices under irrigated and rainfed cultivation. The yield potential may be recorded for direct sowing of seeds and using cuttings. Proper extension service would be crucial especially in the new areas. To realise better returns marketing support at least in the initial years would be necessary. Some arrangements need to be made to ensure disposal of crop produce. Finally, supply of healthy seeds/cutting would be an important factor for the successful adoption and diffusion of this new plantation crop enterprise.

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Working Papers | 1993

Shifts in Multiattribute Choice Problems

Lahiri Somdeb

In this paper we study the responsiveness of choice functions to shifts in multiattribute choice problems.

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Working Papers | 1993

Axiomatic Characterization of the Equal Loss Choice Function for Multiattribute Choice Problems

Lahiri Somdeb

In this paper we provide an axiomatic characterization of the equal loss choice function for multiattribute choice problem.

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Working Papers | 1993

Axiomatic Characterization of the Cao Choice Function for Multiattribute Choice Problems

Prakash Aseem

In this paper we provide an axiomatic characterization of a choice function due to Cao (1981) multiattribute choice problems.

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