744 research outputs found

    Perception of airport users' on environmental-friendly airport chair design in KLIA

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    Malaysia Airport Holding Berhad (MAHB) has taken several measures to spread environmental awareness among the staff and communities. Nevertheless, the awareness appeared to be lacking in the context of eco-design product. Eco-design integrates multifaceted design aspects and reflects the environment concept. Understanding consumers’ needs and desires is imperative in designing environmental-friendly product. As consumers’ expectation plays an important role in developing eco-products, a survey was carried out to evaluate the user’ (passengers) environmental-friendly perception and eco-design attributes on the current airport chair use in KLIA. In KLIA, airport chairs appear to be the significant facility used by the passengers. The results indicated that the most users rated that the existing airport chair did not apply environmental-friendly practices. Users viewed on attributes characteristics for eco-design chair was categorized into physical appearance (i.e.- attraction feelings, design and colour), sensational feeling (i.e.- physical, health, and usability) and physical characteristics (recycle, reusable, eco-material, reduce cost and reduce environmental impact). Based from these findings, this study contributed towards integrating environmental-friendly concept with users’ perception as part to promote sustainable product

    Perception of airport users on environmental-friendly airport chair design in KLIA

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    Malaysia Airport Holding Berhad (MAHB) has taken several measures to spread environmental awareness among the staff and communities. Nevertheless, the awareness appeared to be lacking in the context of ecodesign product. Eco-design integrates multifaceted design aspects and reflects the environment concept. Understanding consumers’ needs and desires is imperative in designing environmental-friendly product. As consumers’ expectation plays an important role in developing eco-products, a survey was carried out to evaluate the user’ (passengers) environmental-friendly perception and eco-design attributes on the current airport chair use in KLIA. In KLIA, airport chairs appear to be the significant facility used by the passengers. The results indicated that the most users rated that the existing airport chair did not apply environmental-friendly practices. Users viewed on attributes characteristics for eco-design chair was categorized into physical appearance (i.e.- attraction feelings, design and colour), sensational feeling (i.e.- physical, health, and usability) and physical characteristics (recycle, reusable, eco-material, reduce cost and reduce environmental impact). Based from these findings, this study contributed towards integrating environmentalfriendly concept with users’ perception as part to promote sustainable product

    Islamic banking: Operation and instruments

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    Since the first modern Islamic savings bank was established in the Egyptian town of Mit Ghamr during the 1960s, and the establishment of Hajj investment fund in Malaysia also in the late 1960s, the Islamic financial system has continued to grow rapidly.Although Islamic banking is the most developed part of Islamic finance, the expansion of the Islamic capital market, encompassing the equity and debt markets, as well as the Islamic money market, cannot be ignored. Despite its rapid expansion, the Islamic financial system is still poorly understood by the Muslim world and continues to be puzzling to most Westerners.The sophisticated and innovative products and services that have been developed in the Islamic financial market are usually perceived as similar to their conventional counterparts; however these products/services are very different in terms of their modus operandi and principles. The Arabic terms associated with products/services are considered jargon to most people.Thus, the need to understand Islamic banking system and to foster an interest in Islamic finances, specifically Islamic banking, have resulted in the writing of this book. This book aims to share this knowledge with readers who are interested in understanding Islamic banking operations and its products and services. It is also hoped that this book will provide assistance to its readers to understand certain aspects of Islamic banking operations and services though the book does not mean to cover comprehensively those topics.This book covers Islamic banking operations by providing an overview about the balance sheets of conventional and Islamic banks.The reader is then exposed to Islamic banking products, both in deposits and financing activities.In the final part of this book, the reader is familiarized with Islamic trade finance products and instruments. We would like to express our highest gratitude and deep appreciation for the assistance and support provided by few individuals and institutions. Among others, the International Shariah Research Academy (ISRA), for providing initial insights; the Islamic Banking and Finance Institute of Malaysia (IBFIM) for providing valuable inputs; and Universiti Utara Malaysia for continuously supports the writers’ efforts to contribute knowledge to the society academically.Hopefully, this book will benefit practitioners, academics, students, the public and those who aspire to follow the development of the Islamic finance industry and its sciences

    Why do nonlinearities matter? The repercussions of linear assumptions on the dynamic behaviour of assemble-to-order systems

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    The hybrid assembly-to-order (ATO) supply chain, combining make-to-stock and make-to-order (MTS-MTO) production, separated by a customer order decoupling point (CODP), is well recognised in many sectors. Based on the well-established Inventory and Order Based Production Control Systems (the IOBPCS family), we develop a hybrid ATO system dynamics model and analytically study the impact of nonlinearities on its dynamic performance. Nonlinearities play an important, sometimes even a dominant, role in influencing the dynamic performance of supply chain systems. However, most IOBPCS based analytical studies assume supply chain systems are completely linear and thereby greatly limit the applicability of published results, making it difficult to fully explain and describe oscillations caused by internal factors. We address this gap by analytically exploring the non-negative order and capacity constraint nonlinearities present in an ATO system. By adopting nonlinear control engineering and simulation approaches, we reveal that, depending on the mean and amplitude of the demand, the non-negative order and capacity constraints in the ATO system may occur and their significant impact on system dynamics performance should be carefully considered. Failing to monitor non-negative order constraints may underestimate the mean level of inventory and overestimate the inventory recovery speed. Sub-assemblers may suffer increased inventory cost (i.e. the consequence of varying inventory levels and recovery speed) if capacity and non-negative order constraints are not considered at their production site. Future research should consider the optimal trade-off design between CODP inventory and capacity and the exploration of delivery lead-time dynamics

    The nexus between rate of return on deposit of Islamic banks and interest rates on deposits of conventional banks in a dual banking system: A cross country study

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    The paper investigates the existence of a long-run relationship between conventional interest rates and rates of return on deposit of Islamic banks in the contemporary dual banking systems on a cross-country basis.The study employs ARDL (Autoregressive Distributed Lag) modeling approach to cointegration analysis. The study finds the existence of the long run relationship between rates of return on deposits of Islamic banks and interest rates on deposits of conventional banks during the period 2007 – 2015. The study also finds a bidirectional causal relationship running between rates of return on deposits of Islamic banks and conventional interest rates. The study statistically provides empirical insight into the relationship between the rate of return on deposits of Islamic banks and the conventional interest rate on a cross-country basis using an ARDL model

    Procurement and contractual choices for engineer-to-order supply chains

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    Complex projects are increasingly collaborative, involving ever greater numbers of multiple organisations, while also seeking to deliver high levels of innovation. To gain insight into how supply chain management might be developed to better support these developments, many have looked to high volume manufacturing to benchmark and seek best practice. Outcomes have often fallen short of expectation: in the construction sector, for instance, productivity and adversarial relationships are still a major cause of concern in many countries. While there have been some successes in transferring technologies and supply chain innovation from high volume manufacturing to engineering intensive sectors, such as construction, shipbuilding, machinery and capital goods, the more general narrative is of the difficulties that have arisen. We see these difficulties arising from underlying differences between the between supply chain types, and have developed a body of knowledge for "engineer-to-order" situations to better support such sectors. The procurement process is crucial to establishing conditions for success and is typically a major source of concern for the supply chain. Hence, we summarise the findings of a research project that focused on developing the principles required for procurement excellence and to structure the possible contractual choices in engineer-to-order supply chains

    Extending customer order penetration concepts to engineering designs

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    Purpose - The customer order decoupling point (CODP) concept addresses the issue of customer engagement in the manufacturing process. This has traditionally been applied to material flows, but has more recently been applied to engineering activities. This later subject becomes of particular importance to companies operating in ‘engineer-to-order’ (ETO) supply chains, where each order is potentially unique. Existing conceptualisations of ETO are too generic for practical purposes, so there is a need to better understand order penetration in the context of engineering activities, especially design. Hence, we address the question ‘how do customer penetration concepts apply to engineering design activities?’ Methodology - A collaborative form of inquiry is adopted, whereby academics and practitioners co-operated to develop a conceptual framework. Within this overarching research design, a focus group of senior practitioners and multiple case studies principally from complex civil and structural engineering as well as scientific equipment projects are used to explore the framework. Findings - The framework results in a classification of nine potential engineering subclasses, and insight is given into order penetration points, major uncertainties and enablers via the case studies. Focus group findings indicate that different managerial approaches are needed across subclasses. Implications –The findings give insight for companies that engage directly with customers on a one-to-one basis, outlining the extent of customer penetration in engineering activities, associated operational strategies and choices regarding the co-creation of products with customers. Care should be taken in generalising beyond the sectors addressed in the study. Originality - The paper refines the definition of the ETO concept, and gives a more complete understanding of customer penetration concepts. It provides a comprehensive reconceptualization of the ETO category, supported by exploratory empirical research

    A systematic review of research into the management of manufacturing capabilities

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    Our study aims to explore the past and present knowledge related to the management of manufacturing capabilities and to assess the extent to which our knowledge of this field has developed. It places specific emphasis on the philosophical foundations of the field, while also providing a set of directions for future research. A systematic review is applied, covering 104 articles. The authors unfold a strong dominance of the positivist paradigm, and call for a more balanced and informed approach in philosophical and, more specifically, methodological selection by scholars. In terms of the research content, a strong bias exists towards measuring the impact that certain manufacturing capabilities, and various configurations of these, may have on key performance indicators, such as cost. Our review warns on the dangers of following a dominant paradigmatic stance and on the limitations of researching a limited area of the complex and dynamic manufacturing capabilities arena

    The Reviews on Sustainable and Responsible Investment (SRIs) Practices According to Maqasid Shariah and Maslahah Perspectives

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    The present study aims to explore SRIs practices based on Maqasid Shariah and Maslahah's points of view. A qualitative method via content analysis document was advocated to address the link between all concepts. The analysis revealed that SRIs, Maqasid Shariah and Maslahah share similar aims and goals to promote better environmental practices and social and governance issues. Thus, the paper concludes that the concept of SRIs does not contradict Maqasid Shariah and Maslahah in Islamic perspectives. However, a few criteria in the Environmental, Social and Governance (ESG) concept that govern the SRIs practices like promoting human rights, freedom of expression, and censorship need further clarification to align with Shariah principles. The paper can enlighten the reader, especially in terms of the capabilities of SRIs practices (which is from West philosophy) to suit Maqasid Shariah and Maslahah in Islamic perspectives.JEL Classification: G2, G4, I13, N2How to Cite:Wahab, M. Z. H., & Naim, A. M. (2021). The Reviews on Sustainable and Responsible Investment (SRIs) Practices According to Maqasid Shariah and Maslahah Perspectives. Etikonomi, 20(2), xx – xx. https://doi.org/10.15408/etk.v20i2.18053
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