Research is an important part of the workings of a fully AACSB accredited business school, such as the Fogelman College. Our faculty members’ research projects run the gamut from applied to theoretical. Some of them are direct outcomes of interactions with local Memphis businesses. Here are a few of our current projects.
Human Supply Chain Management: Employee Recruitment and Retention in the Navy
A group of researchers is developing simulation models to study the complex “human supply chain” at the US Navy. The simulation modeling effort focuses on processes and activities involved in recruiting, training, fleet assignment, and contract renewal of sailors.
The main objective of this research is to understand the dynamic and stochastic behavior of this complex system and study the impact of a host of alternative recruiting, training, fleet assignment, and contract renewal strategies. The eventual objective of the study is to improve the effectiveness of this “human” supply chain from time, cost, and quality perspectives. Considering the fact that the US Navy personnel budget is $25B, a few percentage improvements in the cost associated with this human supply chain may mean a savings to taxpayers of millions of dollars.
The project is ponsored by: $500K research grant from Department of Defense & the U.S. Navy and involves researchers from the Fogelman College of Business & Economics, Enterprise Simulation and Optimization Lab (eSOL), FedEx Center for Supply Chain Management, and Navy Personnel, Research, Studies and Technology.
The research group comprises Dr. Mehdi Amini (firstname.lastname@example.org, Enterprise Simulation and Optimization Lab (eSOL) and Department of Marketing and SCM), Dr. Mike Racer (Enterprise Simulation and Optimization Lab (eSOL) and Department of Marketing and SCM), Dr. Brian Janz (FedEx Center for Supply Chain Management and Department of Management Information Systems), Dr. David Allen (Department of Management), Dr. Ernie Nichols (FedEx Center for Supply Chain Management and Department of Marketing and SCM), Nagendra Rao (MBA Student, FCBE), and Kalyani Jala (MBA student, FCBE).
Researchers in the Fogelman College of Business & Economics are investigating the ways in which new innovation management models are adopted by organizations. In moving away from a traditional, vertical functional design, senior management at a technology-intensive firm anticipated that introduction of a new team-based innovation process would improve the efficiency and effectiveness of product development. These expectations are assessed in a project that involves collecting data on seven teams over a two year period. Specifically, the project is exploring the ways in which changes are enacted within the firm, the different ways in which teams function, and how variations across teams influence the propensity for team success.
Managing Innovation and Organizational Transformation
The research team comprises Dr. John Amis (email@example.com, Department of Management), Maria Gondo (Doctoral student, Department of Management), Dr. Brian Janz (Department of Management Information Systems) and Amy Hennington (doctoral student, Department of Management Information Systems).
Trust and Commitment in Driving Success of Equity-Based Joint Ventures
A research team led by a Fogelman College of Business & Economics Marketing professor is investigating the role of relational factors in driving the success of equity-based joint ventures.
Prior research in this area has typically relied upon firm structure, resource dependence and monopolistic perspectives in seeking to identify factors leading to joint venture failure. However, the authors note joint venture success entails more than simply relationship continuation; it requires ongoing cooperation between the partners.
The authors note the high formation and failure rates of inter-firm collaborative ventures suggests while firm managers increasingly see great potential in developing formal ties to extra-organizational partners, the expectations prevalent at the outset of such relationships aren’t often realized.
The research applies relationship marketing theory in developing a model that explains joint venture stability as well as cooperation. The results show that while commitment is crucial in driving joint venture stability, both trust and commitment are needed to ensure continuing cooperation. The researchers also discovered a partner’s possession of complimentary resources and their communication effectiveness dominate termination cost concerns when it comes to improving relationship trust and commitment.
The research team is comprised of Dr. George D. Deitz (firstname.lastname@example.org, Department of Marketing, The University of Memphis), Dr. Mert Tokman (James Madison University), Dr. J. Glenn Richey (The University of Alabama) and Dr. Robert M. Morgan (The University of Alabama).
Constructing Macroeconometric Models: The Case of Kazakhstan
Macroeconometric models designed for forecasting and simulation of the economy have proven to be an invaluable tool for policy makers the world over. The development of such models is an arduous task involving the collection of large amounts of data, estimation, calibration and simulation of the model over many sample sub-periods.
The National Bank of Kazakhstan is moving from a monetary policy which targets the exchange rate to one which targets inflation directly and has requested assistance in developing a macroeconometric model for policy analysis. The project was initially funded by the U.S. Agency for International Development and now is funded by the Asian Development Bank. David Kemme of the Fogelman College of Business & Economics is estimating and simulating a medium sized macroeconometric model of the Kazakhstan economy and guiding a team of researchers in the Research and Statistics Department of the National Bank of Kazakhstan.
The model Kemme is creating is designed for forecasting and policy simulation to assist the Monetary Policy Technical Committee in determination of medium term policy instruments. A preliminary version of the model has already been created, and the first forecasts by the team were presented at an intergovernmental roundtable in Astana, the capital of Kzakhstan.
The research team consists of David Kemme (email@example.com), in the Economics Department, Warren Coats and Sabit Khakimzhanov, ADB consultants, and Indira Talkhanbayeva, Saida Agambayeva, Nurgaisha Turekhanova, Rufina Shagiakhmetova, Vitaly Tutushkin, Bebit Konurbayeva, and Aliya Algoshina, research economists at the NBK.