updated 1 year ago
The O&DS area at IIMA is dedicated to interdisciplinary research, teaching, and consulting in #OperationsManagement, #OperationsResearch, and #Statistics. By focusing on scientific methodologies, the area equips students with strategic thinking, tools, and techniques essential for evidence-based decision-making to enhance organisational performance in today’s data-driven world.
We invite aspiring scholars to apply for our Doctoral Programme in Management in the O&DS area by January 20, 2025! For more information, please visit: https://www.iima.ac.in/academics/phd/admission
Mr. Tandon discusses the role of ESG ratings in fostering transparency and the contributions of proxy advisory firms in enhancing the credibility of ESG frameworks. Offering a comprehensive overview of the regulatory forces driving the ESG agenda, this webinar provides valuable insights into the mechanisms propelling sustainability and governance standards in India.
Discover how these bonds work, why they might be an attractive option for gold enthusiasts, and what potential pitfalls to watch out for. We'll cover the enticing 2.5% annual interest, tax advantages, and the flexibility of using SGBs as collateral. But we don't shy away from the downsides either - learn about liquidity constraints and market risks that come with this investment.
Whether you're a seasoned investor or just starting to explore your options, this video offers valuable insights to help you decide if SGBs deserve a spot in your portfolio. By the end, you'll have a clear understanding of who can invest, how much you can put in, and what to consider before taking the plunge.
So, are Sovereign Gold Bonds a smart way to invest in gold? Watch, learn, and decide for yourself!
Please share your comments, if any to igpc-office@iima.ac.in
Source
https://m.rbi.org.in/Scripts/FAQView.aspx?Id=109
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Applications are open until January 20, 2025. Take the next step in your research career with access to IIMA’s world-class faculty and resources.
Apply now: https://www.iima.ac.in/academics/phd/admission
The multi-depot vehicle scheduling problem (MDVSP) is a critical planning challenge for transit agencies. We introduce a novel approach to MDVSP by incorporating service reliability through chance-constrained programming (CCP), targeting the pivotal issue of travel time uncertainty and its impact on transit service quality. Our model guarantees service reliability measured by on-time performance (OTP), a primary metric for transit agencies, and fairness across different service areas. We propose an exact branch-and-cut scheme to solve our CCP model. We present several cut-generation procedures that exploit the underlying problem structure. Additionally, we design a Lagrangian-based heuristic to handle large-scale instances reflective of real-world transit operations. Our empirical evaluation demonstrates the superiority of our stochastic variant in achieving cost-effective schedules with reliable OTP guarantees compared to alternatives commonly used by practitioners, as well as the computational benefits of our methodologies.
About the Speaker:
Dr.Merve Bodur is an Associate Professor in the School of Mathematics at the University of Edinburgh. She obtained her Ph.D. from the University of Wisconsin-Madison, her B.S. in Industrial Engineering and her B.A. in Mathematics from Bogazici University, Turkey. Her main research area is optimization under uncertainty, primarily for discrete optimization problems, with applications in a variety of areas such as scheduling, transportation, healthcare, telecommunications, and power systems. She serves on the editorial boards of Operations Research Letters, Omega, and INFOR. She is currently the Vice Chair/Chair-Elect of the INFORMS Computing Society, serves on the Committee on Stochastic Programming, and is a former Vice Chair of the INFORMS Optimization Society.
Recent global supply chain disruptions have underscored the need for more timely and accurate data. Studies by ADB show how indicators from AIS data can be used to supplement official statistics. Highlighting how AIS data can swiftly capture the impact of events on major ports and maritime highways, ADB outlines a framework to leverage this data and support a broader understanding of maritime activities from major hubs and cases of disruptions
About the Speaker:
Mr. Mahinthan Joseph Mariasingham leads data development and statistical capacity building initiatives in the System of National Accounts (SNA), global value chains and statistical business registers. He started his career at Statistics Canada in 1999 has specialized in SNA and input-output economics. Mr. Joseph has considerable experience in producing critical data and analysis for evidence-based policymaking
In recognition of this memorable day, the Institute planted a Banyan Fig tree on the New Campus to commemorate the launch of the new programme, symbolising the significance of the programme to IIMA and its commitment to an environmentally sustainable future. We began the programme with an immersive Induction Module.
Tailored for dynamic working professionals and ambitious entrepreneurs, our Online MBA programme is designed to help them balance the demands of their careers while pursuing their professional aspirations.
This paper introduces a novel index to measure public investment quality, utilizing the World Bank’s investment project performance data from 120 countries over the period 2000-2021. After detailing the construction of the index, the paper examines how public investment quality influences the relationship between the level of public investment and sovereign risk. We find that high levels of public investment are linked to lower sovereign risk in countries with high investment quality, and conversely, to higher sovereign risk in countries with low investment quality. This relationship is especially pronounced in sub-investment grade countries. We corroborate these results by showing that when public investment quality is high, scaling up public investment enhances fiscal sustainability by reducing the debt-to-GDP ratio in the long run: high-quality public investment is self-financing. However, the opposite is true when public investment quality is low, where increased public investment results in a deterioration of fiscal fundamentals.
About Spreaker:
Ugo Panizza is Professor of Economics and Pictet Chair in Finance and Development at the Geneva Graduate Institute where he also serves as head of the Department of Economics. He is a Vice President and Fellow of CEPR and Fellow of the Fondazione Einaudi, Director of the International Center for Monetary and Banking Studies, Editor in Chief of Oxford Open Economics, and deputy director of the Center for Finance and Development. Before joining the Graduate Institute, he was Chief of the Debt and Finance Analysis Unit at the United Nations Conference on Trade and Development (UNCTAD) and a Senior Economist at the Inter-American Development Bank. He also worked at the World Bank and taught at the American University of Beirut and the University of Torino. He holds a PhD in Economics from the Johns Hopkins University and a Laurea in Political Sciences from the University of Torino.
India is already the world’s fifth-largest economy. Unlike most markets of its size, India is, and for a long time will be, driven by lots and lots of small consumers earning and spending just a little bit each, which adds up to an enormous amount. On the supply side, these consumers are served by numerous small, agile suppliers who challenge large companies by innovating to satisfy their price-performance demands. India’s vibrant digital revolution now offers the keys to cracking open this infamously tricky market. Digital business models will be the future of competition as they harness the power of the small and create large-scale businesses in the years to come. Lilliput Land provides a ‘people lens’ to understand the paradoxes and challenges that dot India’s market opportunity, and discusses the drivers and shapers of its future. A comprehensive three-part framework of structure-behaviour-supply discusses the present and future of India’s mega consumption story, the most exciting in the world, with over half of its GDP accounted for by domestic consumption. Consumer India is ripe and waiting.
Drawing on empirical evidence from 45 countries, Dr. Moses discussed how different business strategies, particularly the typologies outlined by Miles and Snow (1978), impact ESG performance. The webinar highlighted that Prospector firms, known for their high innovation and market trend alignment, tend to have a stronger positive association with ESG outcomes.
This webinar is a must-watch for managers, stakeholders, and anyone interested in understanding the influence of strategic decisions on ESG performance. It provides practical insights to help organizations navigate the growing demand for mandatory sustainability reporting and to leverage their strategic strengths as a competitive differentiator in the evolving landscape of ESG compliance.
Learn more about the programme here: https://exed.iima.ac.in/programme-details.php?id=MTIzMg==
Abstract:
Firms are increasingly involving their suppliers in co-creating new products and services through collaborative alliances. In many industries, such suppliers are shared by competing manufacturers, who may benefit from forming alliances and co-creating new products jointly with their shared suppliers. Existing research on collaborative new product development involving a shared supplier has focused on mitigating the spillover of supplier development to rival buyers, or on reducing the cost of production for the supplier. However, such spillover cannot always be restricted, and recently manufacturers have opened up their innovation to competitors. Using a game-theoretic model, we analyze the strategic interactions in such a collaborative alliance and examine the strategic trade-offs that arise when competing buyers decide to co-create a common component with the supplier, instead of relying on the supplier to independently develop the component. We show that whether co-creation will benefit the firms and the consumers depends on how highly the consumers value the quality of the common component. We further demonstrate that competing buyers may sometimes benefit from collaborating jointly with the shared supplier in co-creating common components, instead of shirking away from the collaboration or letting the supplier be the sole developer of the component. The benefit of co-creation is driven by high consumer valuation, which is reflected in firms’ decisions to open up their innovation when it has great potential to enhance consumer demand, such as with electric vehicle technology.
About the Speaker:
Dr. Abhishek Roy is an Assistant Professor in the Department of Marketing and Supply Chain Management. He joined the Fox School following the successful defense of his doctoral dissertation at the University of Texas at Austin. Dr. Roy’s research interests include supply chain and operations management and multi-sided markets and platforms. More specifically, he explores applications of economic models and game theory to studying strategic interactions among firms and consumers, in supply chain management and in platform economics. Dr. Roy earned a PhD and his Master of Science degrees in Supply Chain and Operations Management at the University of Texas at Austin. He received a Master of Business Administration from the Indian Institute of Management Ahmedabad, and a Bachelor of Engineering in Production Engineering from India’s Jadavpur University.
Abstract:
Prior research has demonstrated that firms with both a supplier and a customer on their board of directors tend to exhibit positive financial performance. However, financial performance and environmental performance can often be in conflict. This study, grounded in stakeholder theory, investigates this dynamic using panel data from S&P 900 firms spanning the years 2007 to 2013. Our findings indicate that having a supplier on the board (SOTB) is negatively associated with environmental performance, whereas having a customer on the board (COTB) is positively associated with environmental performance. These relationships are further influenced by supply chain pressures, including upstream supply pressure like COGS intensity and downstream market pressure like sales volatility. Specifically, COGS intensity amplifies the negative relationship between SOTB and environmental performance, while sales volatility enhances the positive relationship between COTB and environmental performance.
Additionally, these interactions are further modulated by financial pressure, as measured by leverage, also drawn from stakeholder theory. Leverage strengthens the interaction effect of COTB and sales volatility on environmental performance but does not significantly affect the interaction between SOTB and COGS intensity. Furthermore, post-hoc analysis reveals that diversification adds to supply chain pressure and influences the interaction effect of SOTB and COGS intensity on environmental performance. The results are robust to various endogeneity concerns, underscoring the complex interplay between board composition, supply chain pressures, financial pressures, and environmental outcomes within the framework of stakeholder theory.
About the Speaker:
Dr. Saurabh Ambulkar's research focuses on resilient and responsible supply chains. He received his PhD from Iowa State University and has published his work in prominent journals such as the Production and Operations Management Journal, Journal of Operations Management, International Journal of Production Research, International Journal of Physical Distribution and Logistics Management and Journal of Purchasing and Supply Management. He serves on the editorial review boards of the Journal of Operations Management and Decision Sciences Journal. Dr. Ambulkar's research has been cited over 1,400 times and has earned him an honorable mention for the Ambassador Award by the Journal of Operations Management. Before joining UT Arlington, he held assistant professor positions at Northeastern University and the University of Dayton. Alongside his academic career, Dr. Ambulkar has industry experience, having worked in supply chain roles at Mahindra and Mahindra Ltd. and Frost and Sullivan.
Traditionally, diversity, equity and inclusion (DEI) has been a bastion for human resources and organizational behavior professionals. However, its interplay with operations and supply chain management (OSCM) manifests in several different ways, with some understood but many remaining unexplored. Advancing DEI in OSCM represents a critical endeavor in contemporary business landscapes. C-suite executives, senior managers, policymakers and academic researchers are increasingly delving into this intersection to unearth insights that can drive meaningful change in our society.
Some of the pertinent questions at the juncture of DEI and OSCM include: How can inclusive supplier chains be cultivated to empower marginalized communities, and what are the implications for supply chain resilience and responsiveness? Does inclusive leadership impact supply chain outcomes, and if so, in what ways? How can procurement processes and logistics networks be redesigned to prioritize diversity and equity while maintaining cost-effectiveness and superior quality? This discussion will delve into these inquires, exploring how OSCM professionals can foster more inclusive and equitable supply chains, ultimately benefiting marginalized populations in our society.
About the Speaker:
Dr. Dwaipayan (Dwai) Roy is an assistant professor of business administration at the Darden School of Business, University of Virginia, USA. At Darden, Dr. Roy teaches operations management in the first year core MBA program and a second year elective on strategic sourcing. Prior to joining Darden, he earned his PhD in supply chain and operations management from The Carlson School of Management, University of Minnesota, USA.
In his research, Dr. Roy studies socially responsible operations with a strong emphasis on examining the issues of diversity and inclusion in operations and supply chain management. This interest is deeply rooted in his personal experiences as a member of a marginalized community in both his home country, India, and his adopted country, USA. This background has resulted in two research streams: (a) investigating supplier diversity initiatives within public procurement settings, and (b) analyzing the influence of inclusive leadership on supply chain outcomes.
Dr. Roy’s research is inherently inter-disciplinary in nature, and it integrates perspectives and contributes to research across operations, public policy and human resources. He regularly engages with industry professionals and policy makers, including those from the US federal government, which underscores the managerial relevance of his research endeavors. Dr. Roy's research has been published (or is forthcoming) in peer-reviewed academic journals such as Manufacturing and Service Operations Management, Production and Operations Management, and Data and Policy, and in practitioner outlets like Harvard Business Review.
We stepped into a new era of AI with the Gen AI revolution beginning in November 2022 - this new wave of technology transformation poses questions on what our working lives could look like in the future. In fact, the history of our working lives since the advent of the industrial revolution in the 19th century has been one of repeated waves of automation, where layers of manual work are replaced by technology. The opportunity in front of us to ensure that AI enables individuals to make better decisions, by upskilling them and using AI recommendations to make them aware of the impact of their choices. Positive behavioural outcomes are not a given: the technology has a perception of being opaque requiring a specific handling of trust issues and accuracy issues.
We consider an incomplete information network game in which agents’ information is restricted only to the identity of their immediate neighbors. Agents form beliefs about the adjacency pattern of others and play a linear-quadratic effort game to maximize interim payoffs. We establish the existence and uniqueness of Bayesian-Nash equilibria in pure strategies. In this equilibrium agents use local information, i.e., knowledge of their direct connections to make inferences about the complementarity strength of their actions with those of other agents which is given by their updated beliefs regarding the number of walks they have in the network. Our model clearly demonstrates how asymmetric information based on network position and the identity of agents affect strategic behavior in such network games. We also characterize agent behavior in equilibria under different forms of ex-ante prior beliefs such as uniform priors over the set of all networks, Erdos-Renyi network generation, and homophilic linkage.
Submit your papers on any of the sub-tracks mentioned at: https://conference.iima.ac.in/imrc2024/entrepreneurship/ by July 31, 2024, and be a part of one of the most dynamic conversations shaping the future of entrepreneurship.
Professor Kirti Sharda, a faculty member of Organisational Behaviour at IIMA, encourages researchers to submit their best work in the realm of leadership. Visit this page https://conference.iima.ac.in/imrc2024/leadership/ to learn more about the track.
Make your submissions here, latest by July 31, 2024: https://conference.iima.ac.in/imrc2024/ctl/
Submit your papers by July 31, 2024, for a chance to win our “Best Research Paper” or “Best Doctoral Research Paper” awards, each with a prize of INR 25,000. Details at https://conference.iima.ac.in/imrc2024/fae/
Professor Anish Sugathan and Professor Neerav Nagar from the Arun Duggal Centre for ESG Research at IIMA invite you to share your groundbreaking research, connect with industry leaders and experts, and contribute to shaping a sustainable future.
Conference submissions are open until July 31, 2024. Visit our website for more details: https://conference.iima.ac.in/imrc2024/ircc/
Submit your papers by July 31, 2024. Visit to learn more: https://conference.iima.ac.in/imrc2024/bsim/
Retirement planning in India is subject to observational biases as planners and commentators rely on Bengen’s 4% safe withdrawal rate from his 1994 study in the US. India has a very different economic structure compared to the US, and this streetlight effect will likely lead to incorrect retirement plans being set up. The authors’ study is one of the first formal attempts to estimate a SWR using Indian data, arguing that a 4% SWR is too aggressive and a 3-3.5% SWR is more appropriate given the higher structural inflation, the higher volatility of equity returns and the limited retirement savings products in India. In addition, navigating the psychological aspects of retirement planning involves understanding and mitigating the impact of several vital behavioural biases. Present-biased preferences lead us to prioritise immediate gratification over future well-being, often resulting in procrastination or insufficient retirement savings. Hyperbolic discounting, where we disproportionately devalue future rewards, undermining the power of compounding necessary for a substantial retirement fund, further complicates the process. Loss aversion highlights our fear of losses, driving us towards overly conservative investments that may not keep pace with inflation, diminishing the purchasing power of our retirement savings over time. Conversely, status quo bias keeps us in our comfort zone, avoiding changes even when they could improve our financial future, potentially leading to missed opportunities for higher returns. Addressing these biases requires a strategic approach. Automating savings can help overcome the temptation to spend now rather than save for later, ensuring consistent contributions towards retirement funds. Engaging with a financial advisor can provide objective insights, helping to navigate around personal biases towards more rational financial decisions. Education on investment principles empowers individuals to make informed choices that align with their long-term retirement goals. Moreover, diversifying investments to include assets with growth potential, like equities, and assets that offer stability, like bonds or gold, can provide a balanced approach to achieving growth and security in a retirement portfolio. Regularly reviewing and adjusting the retirement plan to reflect changing circumstances, market conditions, and personal goals ensures that the strategy remains aligned with the desired retirement outcomes. Effective retirement planning transcends mere financial calculation, requiring an understanding of the financial mechanisms at play and the psychological biases that influence our decision-making. By recognising and working to counter these biases, individuals can develop a comprehensive retirement plan, making the difference between a plan that survives and one that thrives.
About the Speakers
Rajan Raju is the founder and principal of a Single-Family Office based in Singapore which invests globally across asset classes; published SSRN author with works exploring investment strategies and market analysis in the Indian context; seasoned board member, advisor, and visiting faculty; and former career banker with a rich history of strategic roles in prestigious global institutions. His research in asset pricing and factor theory, particularly in the Indian markets, reflects his unique approach to combining practical knowledge with academic exploration in investment management. His passion for the intersection of finance and technology led to the establishment of an investment analytics fintech startup, where, as a co-founder, he applies his hands-on experience in the industry and his research. He has a PGDM from IIM, Ahmedabad (1988) and a BA (Economics) from St. Xaviers' College, Mumbai University.
Ravi Saraogi is the co-founder of Samasthiti Advisors and a SEBI Registered Investment Adviser. He previously headed the fund raising and product design verticals at Northern Arc Investments (formerly known as IFMR Investments). Prior to Northern Arc, he worked at the institutional equities research desk at IIFL Capital and JP Morgan. He has also worked with HSBC in their business intelligence team. Ravi was recognized as one of the “40 under 40” outstanding professionals in the Indian Alternative Investment industry by the Indian Association of Alternative Investment Funds (IAAIF). He is a member of the Professional Learning (PL) committee at the CFA Society India. He is also a technical consultant to Dvara Research, which is an organization that undertakes policy research to promote financial inclusion in India. He has also consulted with the Social Impact Investments team at United Nations Development Programme (UNDP). He regularly contributes to business newspapers and magazines on topics relating to the economy, finance and investing. He is a Masters in Economics from Madras School of Economics and CFA charterholder from the CFA Institute, US.
Submit your papers by July 31, 2024. https://conference.iima.ac.in/imrc2024/cdsa/
Listen to Professor Prashant Das from the Misra Centre for Financial Markets and Economy at IIMA share insights on the Conference’s offerings. Submit your papers by July 31, 2024: https://conference.iima.ac.in/imrc2024/realestate/
Submit your papers by July 31, 2024: https://conference.iima.ac.in/imrc2024/cdt/
This presentation will explore the current state-of-the-art methodologies in machine learning and statistics that are employed in various application areas from transportation and logistics, including arrival time prediction, demand forecasting, industrial processes optimization, the vehicle routing problem and anomaly detection. This talk, with its primary focus on arrival time prediction and demand forecasting, will categorize the related work according to various machine learning methodologies so as to present the methods’ evolution over time, their combinations and their connection with the various applications in the specified fields. Finally, some future directions and possibilities will be discussed.
About the Speaker:
Dr. Samrat Roy is a faculty member at IIM Ahmedabad in the Operations and Decision Sciences Area. Prior to this position, he worked as a postdoctoral researcher at the Wharton School (Department of Statistics and Data Science) in the University of Pennsylvania. He completed his M.STAT. from Indian Statistical Institute and received his Ph.D. in Statistics from the University of Florida (UF). Before starting his journey as a doctoral student at the UF, he worked at Ernst & Young and Credit Suisse as a credit risk model developer. His research includes High-dimensional Statistics, Tensor Models, Causal Inference, Observational Studies and Time Series Models.
Visit https://conference.iima.ac.in/imrc2024/igpc/ for more details.
The programme, led by Professor Rajesh Chandwani, faculty member and the Dr Lal PathLabs Chair in Healthcare at IIMA, equipped participants with the knowledge and skills to excel in leadership roles. Drawing expertise from IIMA faculty, the Blind People's Association (BPA), and guest speakers, the workshop provided a comprehensive learning experience over three days.
Tune in to get a glimpse of the inaugural session, where Professor Bharat Bhasker, Director, IIMA; among other esteemed guests, addresses the cohort with their inspiring words.
Join the success story—step into the next chapter of your learning journey with Online@IIMA. Explore more at: https://online.iima.ac.in/self-paced-courses/
Hear firsthand from Professor Bharat Bhasker, Director of IIMA, as he shares the vision behind #IMRC2024 – the ultimate convergence of ideas at #IIMAhmedabad on the critical themes of #Growth, #Sustainability, and #Resilience.
The deadline for conference submissions is July 31, 2024. Visit https://conference.iima.ac.in/imrc2024/call-for-conference-submissions/ for more details.
If your research aligns with any of our tracks, we invite submissions by July 31, 2024, here: https://conference.iima.ac.in/imrc2024/call-for-papers/
As we celebrate 50 years since the first doctoral student graduated from IIMA in April 1974, the story continues. We see the dedication in the eyes of our current DPM students, a new generation poised to make a difference. Here’s to the next 50 years of shaping bright minds and fostering groundbreaking research at IIMA.
Gold & Gold Markets Conference 2024 on February 15 -16, 2024. Explore
a comprehensive study on sustainable gold recovery, revealing
innovative approaches to transform hazardous waste into valuable
resources.
Gold & Gold Markets Conference 2024 on February 15 -16, 2024. Dive
into a scholarly discussion on the diverse roles of gold in India,
illuminating its multifaceted impact on culture, economy, and society.
Gold & Gold Markets Conference 2024 on February 15 -16, 2024.
Navigate the transformative landscape of the gold industry by
understanding the changing preferences in business practices and
consumer dynamics.
latest trends shaping both Business-to-Business (B2B) and
Business-to-Consumer (B2C) markets, and uncovering insights for
stakeholders across the industry.
Markets Conference 2024 of IIMA India Gold Policy Centre on February
15 -16, 2024 which provides valuable insights into the evolving
landscape of Anti-Money Laundering (AML) practices.
Gold & Gold Markets Conference 2024 on February 15 -16, 2024. Explore
the journey of integrity in the gold and jewellery supply chain,
assessing progress made and challenges faced in ensuring transparency
and trustworthiness.
industry presented at the 7th IGPC-IIMA Annual Gold & Gold Markets
Conference 2024, by IIMA India Gold Policy Centre on February 15-16,
2024.