Hassana Mahfoud, El Barkany Abdellah and Ahmed El Biyaali
The purpose of this paper is to review maintenance strategies within the healthcare domain and to discuss practical needs as gaps between research and practice.
Abstract
Purpose
The purpose of this paper is to review maintenance strategies within the healthcare domain and to discuss practical needs as gaps between research and practice.
Design/methodology/approach
The paper systematically categorizes the published literature on clinical maintenance optimization and then synthesizes it methodically.
Findings
This study highlights the significant issues relevant to the application of dependability analysis in healthcare maintenance, including the quantitative and qualitative criteria taken into account, data collection techniques and applied approaches to find the solution. Within each category, the gaps and further research needs have been discussed with respect to both an academic and industrial perspective.
Practical implications
It is worth mentioning that medical devices are becoming more and more numerous, various and complex. Although, they are often affected by environmental disturbances, sharp technological development, stochastic and uncertain nature of operations and degradation and the integrity and interoperability of the supportability system, the associated practices related to asset management and maintenance in healthcare are still lacking. Therefore, the literature review of applied based research on maintenance subject is necessary to reveal the holistic issues and interrelationships of what has been published as categorized specific topics.
Originality/value
The paper presents a comprehensive review that will be useful to understand the maintenance problem and solution space within the healthcare context.
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A.B. Khalaf, Y. Hamam, Y. Alayli and K. Djouani
Studying the availability of medical equipment based on various maintenance types has been a major concern for hospitals. Most of the methodologies used are empirical and few are…
Abstract
Purpose
Studying the availability of medical equipment based on various maintenance types has been a major concern for hospitals. Most of the methodologies used are empirical and few are based on mathematical modelling. The objective of this paper is to present a mathematical maintenance model that analyses the effect of maintenance on the survival probability of medical equipment based on maintenance history and age of that equipment.
Design/methodology/approach
A global model is proposed to measure the probability of equipment being available using real data extracted from maintenance history of infusion pumps and ventilators and analysed using Matlab. To confirm the validity of the developed model, the survival analysis approach is used to develop a model that measures the survival of equipment as a function of maintenance and age of equipment. The method is first tested using simulated data and the findings confirm the validity of the proposed approach.
Findings
The analysis using survival approach reveals that conducting preventive maintenance (PM) on the selected medical equipment had an impact on survival of equipment. However, the manufacturer's recommended PM intervals do not correlate to the failure rate encountered. This will contribute to the debate on PM manufacturer's recommended intervals and might lead to the revision of maintenance strategies implemented by hospitals and clinical engineering (CE) practitioners.
Research limitations/implications
Although the data collected for the infusion pumps were quite sufficient, that collected for the ventilators were more limited. The major difficulty is that of the availability of historical maintenance data and the effect of user errors may cause uncertainty in the analysis. A closer collaboration with the medical professional should facilitate the recording and access to such information.
Practical implications
The use of mathematical modelling to analyse the effect of maintenance on the survival of medical equipment is a beneficial tool that is not exploited in the medical equipment industry. It will provide CE practitioners with scientific tool to analyse the effect of PM on the survival of medical equipment.
Originality/value
This paper presents a mathematical approach to analyse the effect of maintenance on the survival of medical equipment, which is crucial in the assessment of maintenance strategies implemented in the medical equipment industry.
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Abdalmuttaleb Musleh Alsartawi
This study aims to examine the relationship between the diffusion of technology-enabled innovation in financial services (i.e. financial technology [FinTech]) and the financial…
Abstract
Purpose
This study aims to examine the relationship between the diffusion of technology-enabled innovation in financial services (i.e. financial technology [FinTech]) and the financial performance, i.e. profitability and market value of the banks listed in the Gulf Cooperation Council (GCC) countries.
Design/methodology/approach
An extensive review of the literature was carried out, and a diffusion index of 73 items including was adopted to measure the level of FinTech usage or diffusion for the banks that are listed on the GCC stock exchanges. The study used return on assets (ROA) and Tobin’s Q (TQ) as proxies to measure profitability and market value, respectively.
Findings
The findings of the empirical results indicate that there is a positive relationship between FinTech implementation and market performance (TQ) in the GCC banks. The results also showed that the highest level of FinTech implementation was 79.7% by United Arab Emirates banks followed by Bahraini banks at 76.7% based on the index developed for this study.
Practical implications
This study, hence, recommends that policymakers and governments implement supportive policies and initiatives, allowing consumers to embrace technology as part of their way of life. This encourages banks and other organizations to formulate strategies that integrate technology into operations.
Originality/value
This paper offers new contributions to the GCC literature regarding financial technology and provides recommendations to the GCC financial institutions, financial markets, policymakers and governments.
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Fabio Musso, Barbara Francioni, Ilaria Curina, Fabio Tramontana, Paolo Polidori and Maria Gabriella Pediconi
The paper analyses the influence of the decision-makers' overconfidence on the intuitive practices' adoption, as well as on the international performance during international…
Abstract
Purpose
The paper analyses the influence of the decision-makers' overconfidence on the intuitive practices' adoption, as well as on the international performance during international strategic decision-making processes (SDMPs) of small- and medium-sized enterprises (SMEs). Moreover, the study investigates the possible mediating effect of intuition on the relationship between overconfidence and international performance.
Design/methodology/approach
A semi-structured questionnaire based on a sample of 160 SMEs and a regression analysis have been employed.
Findings
Results show a negative relationship between intuition and international performance and a positive one between overconfidence and international performance. Furthermore, a negative relation between overconfidence and intuition has been identified. Findings also highlight the mediating role of intuition in the relationship between overconfidence and international performance.
Practical implications
The paper provides valuable implications related to the analysis of overconfidence as a critical decision-maker's character and intuition as a feature of the decision-making methodology. Moreover, the study offers indications for SMEs facing complex strategic decisions.
Originality/value
The paper adopts an original perspective by combining the SDMP analysis with that of international strategy within the SMEs context. Additionally, the study enriches the existing literature by (1) investigating overconfidence in the decision-making; (2) enhancing the examination of overconfidence and intuitive practices in the international SDMP; (3) deepening the research field focused on the identification of the intuitive processes' predictors that is still in its infancy.
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This study aims to evaluate how biases among retail investors – such as mental accounting, overconfidence and herd behaviour – affect their investment choices, while also…
Abstract
Purpose
This study aims to evaluate how biases among retail investors – such as mental accounting, overconfidence and herd behaviour – affect their investment choices, while also examining how demographics, specifically, age, gender and income moderate these effects.
Design/methodology/approach
This paper uses quantitative method for collecting data through questionnaire from 385 Indian investors investing actively in stock market. The relationship was tested using partial least squares structural equation modelling through SmartPLS 4.0. To analyse the moderating role of demographics, multi-group analysis with percentile bootstrapping approach was performed.
Findings
The results reveal the varying effect of each bias on investment decision. The evidence proves the presence of herd behaviour, overconfidence and mental accounting while making investment decisions. Furthermore, age and gender was found to be moderating the effect of biases and investment decision of Indian investors. Also, the results imply that female investors are more prone to herd behaviour compared to their male counterparts.
Research limitations/implications
The study confirms that investors often deviate from complete rationality, with their investment decisions constrained by available resources, information and cognitive processing abilities, consistent with the theory of bounded rationality. The findings offer practical insights for financial advisors, educators, investors, government agencies and regulators to enhance investment decision-making practices.
Originality/value
This study offers new perspectives on the impact of behavioural biases on investment decisions. Particularly, the study enhances the understanding of investment patterns and contributes to the behavioural finance literature by addressing the interplay between demographics and investor behaviour in a rapidly growing economy.
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M. Asjad, M.S. Kulkarni and O.P. Gandhi
Original equipment manufacturers (OEMs) start providing support to their products, that helped them in beating the competition across the worldwide. The unavailability of spares…
Abstract
Purpose
Original equipment manufacturers (OEMs) start providing support to their products, that helped them in beating the competition across the worldwide. The unavailability of spares and crews may also prolong the downtime of equipment, thereby affecting the systems’ performance. The spares and crews have as much effect on the systems’ performance as the design characteristics (i.e. reliability and maintainability). Thus, the OEMs required to extent the support to their products through maintenance, spares, crews, etc., so as to gain the customer satisfaction.
Design/methodology/approach
The mathematical model for spares, crews and support quality has been presented in this research work. The problem has been identified from the literature perspective for mechanical systems.
Findings
The model has been implemented on a real-life problem, in which the OEMs provide support to their make installed at compressed natural gas workstation in National Capital Region, India.
Originality/value
The research proposed in this work will be helpful to manufacturer, customer, academician, researcher, industrialist and any concerned person, to get the exhaustive benefits from the system.
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This paper aims to offer a wider examination of the research concerning entrepreneurship characteristics in the Middle East and North Africa (MENA) region via a review of recent…
Abstract
Purpose
This paper aims to offer a wider examination of the research concerning entrepreneurship characteristics in the Middle East and North Africa (MENA) region via a review of recent studies relevant to this topic. Research publications concerning entrepreneurship within the MENA region evidence growing interest in this field of study, with the potential to boost and drive future economic development and growth. This focus within entrepreneurship research is because of the economic development in the region, which is becoming increasingly important for policymakers and businesses.
Design/methodology/approach
The author performed a systematic literature review to produce robust information about entrepreneurship in the MENA region, followed by a thematic analysis to identify key research themes within each category.
Findings
Despite the growth in entrepreneurship research in the MENA region, research on certain factors is lacking. An analysis of 271 studies published between 2009 and 2019 identifies 9 main research categories, within which 30 themes have attracted significant academic attention. Female entrepreneurship and gender, youth entrepreneurship and entrepreneurship behaviour and orientation are the three key categories influencing perspectives on entrepreneurship in the MENA region. This study highlights research gaps and provides recommendations to guide future research on the sustainable development of entrepreneurship in the MENA region.
Originality/value
This paper highlights trends in entrepreneurship research amongst scholars within the MENA region and suggests paths for future research efforts.
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Sholikha Oktavi Khalifaturofi’ah and Rahmat Setiawan
Profitability is crucial for a company’s sustainability. This study aims to examine the influence of profitability and specific variables on the value of real estate companies in…
Abstract
Purpose
Profitability is crucial for a company’s sustainability. This study aims to examine the influence of profitability and specific variables on the value of real estate companies in Indonesia.
Design/methodology/approach
The study uses a sample of 42 real estate companies listed on the Indonesia Stock Exchange from 2017 to 2023. A static panel regression approach was adopted, with the best model being the fixed effect model, verified through a robustness test.
Findings
The results indicate that the fixed effect model is the most effective in explaining firm value. Profitability, proxied by return on assets (ROAs), does not significantly impact firm value. This finding is confirmed by robustness tests using another profitability measure, return on equity (ROE). Additionally, company size negatively and significantly impacts firm value, while activity ratio and leverage have a positive and significant effect. Liquidity and company growth do not significantly affect firm value.
Research limitations/implications
The research is limited to Indonesian real estate firms, cautioning against broad generalization to other countries or industries. The study could not demonstrate the influence of profitability on the value of real estate companies. Instead, firm value is influenced by company size, activity ratio and leverage.
Practical implications
Real estate firms should increase their activity, optimize funding and consider company size to enhance firm value.
Originality/value
This study contributes to the Indonesian real estate sector by revealing that profitability does not enhance firm value. Indonesian real estate companies generally have low profitability and firm value.
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Yasmin Yaqub and Arun Kumar Singh
This study aims to advance understanding of the critical role of training variables (trainer performance, transfer design and an identical element) and motivation to improve work…
Abstract
Purpose
This study aims to advance understanding of the critical role of training variables (trainer performance, transfer design and an identical element) and motivation to improve work through learning (MTIWL) the least researched construct of motivation in human resource development (HRD).
Design/methodology/approach
A self-report online survey was conducted to collect responses from 280 managers working in different industries. Participants attended open skills training program organized by an in-house training institute in India.
Findings
The trainer performance and transfer design had a positive and significant impact on MTIWL. However, an identical element found no significant direct impact on MTIWL.
Practical implications
The trainer performance positively cultivates trainees’ MTIWL and training approaches according to trainees’ preferences improve MTIWL. The training content is needed to resemble with work assignment for enhancement of trainees MTIWL.
Originality/value
This study improved understanding of the impact of training variables on a comprehensive and practical aspect of trainees' motivation in HRD, MTIWL.
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Julio César Acosta-Prado, Rodrigo Arturo Zárate-Torres, Arnold Alejandro Tafur-Mendoza, Ricardo Prada-Ospina and Claudia Fabiola Rey Sarmiento
While the relationship between some leadership styles and emotional intelligence has been studied, leadership practices and emotional intelligence have not been studied for an…
Abstract
Purpose
While the relationship between some leadership styles and emotional intelligence has been studied, leadership practices and emotional intelligence have not been studied for an understanding of how both variables enable a leader to look for pathways to goal attainment. This study aims to examine the impact of leadership practices on pathways to goal attainment while considering the mediating effect of emotional intelligence.
Design/methodology/approach
This study was empirical with an associative strategy. The type of study was explanatory, and latent variables design was followed. The sample consists of 496 Colombian managers, obtained through a non-probability sampling (purposive sample), who work in companies located in Bogota, Colombia. For measuring the variables, three instruments were used, Leadership Practices Inventory, Adult Dispositional Hope Scale and Wong and Law Emotional Intelligence Scale.
Findings
Results from this study suggest that the relationship between leadership practices (model the way, inspire a shared vision and enable others to act) and pathways to goal attainment is mediated by emotional intelligence. Also, leadership practices and emotional intelligence explained 45.60% of the variability of the pathways to goal attainment.
Originality/value
The effectiveness of leadership practices can be explained through the hope they have about the future by using emotional intelligence as an influencing strategy. This study aims to explain how emotional intelligence helps leaders to look for pathways to goal attainment.