Whether used as predictors or indicators of stock prices, financial risk, merger candidates, or bond yields, financial ratios have been, and continue to be, a popular tool for analyzing a firm and its performance. Practitioners and academics who employ financial ratios often compare and contrast across several industries, but such evaluations assume that the ratios of one industry measure the same underlying concepts as the ratios of another. This book provides evidence on the comparability of financial ratios across several industries, assessing the similarity or dissimilarity of ratios among industry taxonomies, or groups of ratios.

Extending previous studies that focused primarily on manufacturing firms, this work surveys a wide variety of both manufacturing and retail corporations, and determines the classification patterns of their respective financial ratios. The taxonomies of thirty two ratios, in seven representative industries, are examined for the ten-year period from 1978 through 1987. Two introductory chapters detail the nature of the research, the data utilized, variables employed, and statistical methodologies, as well as providing a brief summary of the results. A third chapter furnishes results for the entire economy by factors of return, cash flow, cash position, inventory, sales, liquidity, and debt; while seven separate chapters describe the study's conclusions for each of the primary industries: automobile and aerospace; chemical, rubber, and oil; electronics; food; retail; steel; and textile. The work concludes with a summary of the study and its conclusions, and an examination of the limitations of this type of research and possibilities for its extension. This book will be a valuable practical resource for accounting and finance professionals, as well as an important reference for courses in finance, accounting, and management. Public, academic, and business libraries will also find it a useful addition to their collections.

Why have Africans not gained a more dominant position in urban manufacturing in Kenya? This question is explored through an analysis of the institutions, both formal and informal, that have affected patterns of capital accumulation in Kenya by the African and Asian (Indian) communities. Using a new institutional economics approach, this book explores the history of economic activity through the pre-colonial, colonial and post-colonial periods, including the transformative period of British rule. During the colonial period, Asians were brought in to build the railways and subsequently focused on urban-based activities. Africans, meanwhile, found it difficult to move out of agriculture. Thus, the ethnic-sectoral division of activities was entrenched by the formal laws and powers of the British. Following independence, the network and financial capital that Asians had built up allowed them to survive early attempts at the Africanization of industry. Africans, now supported by the formal institutions of the state, still found it difficult to engage in manufacturing because they lacked the informal networks that support trade and credit. The analysis is supported by the results of a contemporary survey of 120 manufacturing firms in Nairobi's metal sector that highlight the division between smaller African firms and larger Asian ones.

There are competing theories to explain the reasons behind the international competitiveness of manufacturing in Asia. Analysing these different theories will bring important lessons, not just for Asia, but for developing economies the world over. This lucid book studies industries and firms in East Asia and examines the major determinants of their economic performance. With contributions from such leading thinkers as Ha-Joon Chang and Rajah Rasiah, the book covers such themes as: *industrial policy and East Asia *Taiwan's information technology industry *The role of the government in technological capability building Manufacturing Competitiveness in Asia touches on many important themes and issues and as such will be of great interest to students, academics and policy-makers involved in industrial economics, international trade and Asian studies.

This is the first comprehensive guide to green design using economic input-output life cycle assessment (EIO-LCA) models. It is a must-have for companies trying to improve the environmental profile of their products and processes, for regulators attempting to quantify life cycle implications of products and services, and for students and scholars of green design.

Environmental life cycle assessment is often thought of as "cradle to grave" and therefore as the most complete accounting of the environmental costs and benefits of a product or service. However, as anyone who has done an environmental life cycle assessment knows, existing tools have many problems: data is difficult to assemble and life cycle studies take months of effort. A truly comprehensive analysis is prohibitive, so analysts are often forced to simply ignore many facets of life cycle impacts. But the focus on one aspect of a product or service can result in misleading indications if that aspect is benign while other aspects pollute or are otherwise unsustainable.

This book summarizes the EIO-LCA method, explains its use in relation to other life cycle assessment models, and provides sample applications and extensions of the model into novel areas. A final chapter explains the free, easy-to-use software tool available on a companion website. The software tool provides a wealth of data, summarizing the current U.S. economy in 500 sectors with information on energy and materials use, pollution and greenhouse gas discharges, and other attributes like associated occupational deaths and injuries.

Today's fast-paced manufacturing culture demands a handbook that provides how-to, no-holds-barred, no-frills information. Completely revised and updated, the Handbook of Manufacturing Engineering is now presented in four volumes. Keeping the same general format as the first edition, this latest edition not only provides more information but makes it more accessible. Each individual volume narrows the focus while broadening the coverage, giving you immediate access to the information you need. Volume Three, Parts Fabrication: Principles and Process discusses efficient deductive and systematic approaches to machine debugging while providing a refresher on the principles of structural mechanics. Edited by Richard Crowson with contributions from experts in each field, the book focuses on establishing communication between manufacturing and design engineers and machine-building technicians. The discussions of engineering design fundamentals, free-body diagrams, stresses, forces, and strength of materials help readers understand and solve counter-intuitive problems. The coverage includes material characteristics of metals, conventional fabrication processes, laser welding, modeling, and nontraditional machining methods. Assisting design engineers and machine builders in the successful execution of their tasks, the book recommends steps to improve technical problem solving and communication techniques. It provides understanding of how to incorporate deductive reasoning, systematic engineering, human interaction, and corporate cultural influences into manufacturing processes.

Today's fast-paced manufacturing culture demands a handbook that provides how-to, no-holds-barred, no-frills information. Completely revised and updated, the "Handbook of Manufacturing Engineerin"g is now presented in four volumes. Keeping the same general format as the first edition, this second edition not only provides more information but makes it more accessible. Each individual volume narrows the focus while broadening the coverage, giving you immediate access to the information you need. Volume One, Product Design and Factory Development reveals how human factors deeply affect productivity in the workplace and why the modern manufacturing engineer must be well versed in these areas.

Edited by Richard Crowson with contributions from experts in each field, the book considers historical data for anthropometry and explores the impact of injuries, product liability, and low productivity on product cost. The book sequentially outlines the basic concepts of reliability theory in six chapters along with commonly used statistical methods for evaluating component reliability. It covers rapid prototyping, explores the machine debugging and troubleshooting process, and devotes an entire chapter to computers and controllers.

The challenges presented by the fiercely technical world we live and work in are met by the manufacturing engineer. Companies can no longer afford to allow the manufacturing engineer to learn on the job. Therefore, the manufacturing engineer must gain as much knowledge from as many credible sources as possible. Covering the global picture of manufacturing, this book shows you how to successfully apply manufacturing engineering skills on the job.

The capital goods industries--machinery, electrical and electronic equipment, transport equipment (except automobiles), and instruments and related equipment--provide more than one-third of total U.S. exports. But in the past twenty years, these industries have displayed a continual weakening of their competitive position. In this study, Robert Eckley investigates this leading sector of the American economy and its competition for global markets by concentrating on case studies of seven companies that represent the principal segments of the capital goods industries.

The approach that Eckley takes is an empirical one, utilizing the experience of IBM, Boeing, General Electric, Eastman Kodak, Caterpillar, Cummins, and Cincinnati Milacron to illustrate the developments that have occurred in this sector of the world economy. The companies are all leaders within their industries, and also offer a representative variety of the products, processes, and labor organizations found in the capital goods industries. Following a detailed introduction, Eckley devotes one chapter to each of the seven companies, seeking out commonalities within the larger capital goods sector and drawing conclusions about costs, markets, and organizational and managerial practices. A concluding chapter focuses on the keys to regaining American leadership: increasing capital investment, remedying educational deficiencies, and improving business decisions. Marketing and planning executives in international business will find this work to be an invaluable resource, as will students in business and public policy courses.

History is replete with examples of one political system replacing another, one scientific discovery invalidating another - and this cycle has occurred repeatedly in the production of goods and products for society. This book, first published in 1998, examines the massive transition currently taking place: the decline of the system of mass manufacturing. Various global changes in American business and manufacturing have forced a review of accepted thinking, and this book is a key text in this evaluation.

On economies of scale during the nineteenth century, much is assumed, but little is known. This study, first published in 1985, seeks to close this gap in our knowledge by providing comprehensive empirical evidence on the status of economies of scale in mid-nineteenth century manufacturing industry. This evidence is in the form of production function estimates made using data from the manuscripts of the federal censuses of manufacturing for 1850, 1860 and 1870.

Basic Manufacturing has already established itself as a core text for manufacturing courses in Further Education. The new edition has been revised to be fully in line with the new Vocational GCSE in Manufacturing from Edexcel, covering the three compulsory units of this scheme, and will continue to act as a core text for Intermediate GNVQ. Coverage of the two schemes is combined throughout the text, yet each chapter clearly illustrates which sections map to which units within the two scheme specifications.
The author's approach is student-centred with self-check questions and activities provided throughout. As a result, the book is well suited to independent study. It is also clearly written to appeal to students of all abilities. Review questions are provided at the end of each chapter to consolidate learning and give practice for external assessments.
The third edition contains a brand new chapter to cater for the examinable part of the GCSE syllabus (Unit 3), which includes case studies in the six sectors covered in the scheme: food and drink/biological and chemical; printing and publishing/paper and board; textiles and clothing; engineering fabrication; mechanical/automotive engineering; electrical and electronic engineering/computer/process control/telecommunications.
The book is an excellent, readable introduction to the technical and business aspects of the manufacturing industry that will be invaluable for students on a wide range of courses, including City and Guilds certificates. It also provides a good grounding for students embarking on higher-level programmes within Manufacturing.
Roger Timings is one of the UK's leading authors of textbooks on manufacturingand engineering.
* Unit by unit match to the new Vocational GCSE in Manufacturing from Edexcel
* Core text also meets the requirements of Intermediate GNVQ Manufacturing
* Student-friendly approach, with numerous examples, case studies, and problems included throughout

This title was first published in 2000: Steven Nivin analyzes a process vital to economic development - technological change. He furthers understanding of the processes driving innovation, so that we may gain a deeper insight into the development of economies. Specifically, the study explores the concept of innovation potential and the factors that result in variations in innovation potential across metropolitan areas, using the US machine tool industry as a case study. To provide a comparison, the same models are also estimated for the semiconductor industry. The findings indicate that urbanisation economies, localization economies, human capital, universities, and invention-derived knowledge are significant factors. The study assesses the contributions of three different skill levels of human capital; college-educated, graduate degree, and locally produced PhD's in mechanical and electrical engineering. Only the graduate and PhD degree measures are found to be significant, indicating the importance of having a highly skilled pool of labour within the region. The influences of the factors appear to be similar across industries, with some slight differences. The transfer of knowledge through patents is also studied. It is found that the transmission of this knowledge is slower between different industries, relative to the transmission within the same industry.

Situations and systems are easier to change than the human condition - particularly when people are well-trained and well-motivated, as they usually are in maintenance organisations. This is a down-to-earth practitioner's guide to managing maintenance error, written in Dr. Reason's highly readable style. It deals with human risks generally and the special human performance problems arising in maintenance, as well as providing an engineer's guide for their understanding and the solution. After reviewing the types of error and violation and the conditions that provoke them, the author sets out the broader picture, illustrated by examples of three system failures. Central to the book is a comprehensive review of error management, followed by chapters on:- managing person, the task and the team; - the workplace and the organization; - creating a safe culture; It is then rounded off and brought together, in such a way as to be readily applicable for those who can make it work, to achieve a greater and more consistent level of safety in maintenance activities. The readership will include maintenance engineering staff and safety officers and all those in responsible roles in critical and systems-reliant environments, including transportation, nuclear and conventional power, extractive and other chemical processing and manufacturing industries and medicine.

There are competing theories to explain the reasons behind the international competitiveness of manufacturing in Asia. Analysing these different theories will bring important lessons, not just for Asia, but for developing economies the world over.
This lucid book studies industries and firms in East Asia and examines the major determinants of their economic performance. With contributions from such leading thinkers as Ha-Joon Chang and Rajah Rasiah, the book covers such themes as:
*industrial policy and East Asia
*Taiwan's information technology industry
*The role of the government in technological capability building
Manufacturing Competitiveness in Asia touches on many important themes and issues and as such will be of great interest to students, academics and policy-makers involved in industrial economics, international trade and Asian studies.

This short history tells the story of five hundred years of papermaking against the general background of the coming of paper and printing in Britain, through the major developments of the Industrial Revolution, up to the technological advances which have made possible the enormous high-speed paper machines of the present day.

This book examines the current difficulties facing the U.S. steel industry and policy options to tackle them.

The Business of New Process Diffusion explores entrepreneurship, innovation and process diffusion through the example of the development of float glass. The significance of the glass industry as a vehicle for studying innovation activities has been recognised for some time. By using it as an example to draw out the key themes of innovation and diffusion theory, this book uses its specific industrial history to form an illuminating case study. Little has been written in terms of the management of the early float glass start-ups, resulting in a gap in the literature. This book seeks to remedy this by recounting developments through the lens of one of the leading glass technologists involved in the process at the time, using historical and archival material, and artefacts from the period. It illustrates the business origins of the process and its invention, progressing to innovation, competition in the market, first successful production, licensing and patents, and the management of the start-ups leading to market leadership: all significant to the study of technology, entrepreneurship and innovation. This short-form volume provides a concise but rich resource for researchers and students of the theory and practice of innovation, new process diffusion and start-up management.

This book is about making money out of the supply chain. It is impossible to improve the performance of any chain without a deep understanding of the impact of the weakest link in that chain - the constraint. Without a constraint management perspective both supply chain management and lean thinking lack focus and the real leverage that senior management with the manufacturing industry are seeking.
The book has been written for both practitioners and researcher alike. It will be an ideal textbook for anyone teaching operations management, and will also act as a useful guide for those seeking to improve the performance of their own company. The book draws on the author's own experiences within the UK manufacturing industry in implementing constraint management, using case studies to highlight the key issues faced in the journey to substantially enhanced bottom-line performance. The book examines the role of new product development, the role of production, the role of distribution, the development of the team, and the strategical focus required to turn the supply chain, or what the author calls the "Revenue Chain" into a real, practical, approach for any company.

eBook available with sample pages: 020330120X

The phenomena of Japan emerging as one of the most competitive industrial nations in the twentieth century and the general shift of competitiveness to East Asia since the 1980s have been widely studied by many scholars from different fields of the social sciences. Drawing on sources from Japanese, Swiss, and American archives, the historical analysis of this book tackles a wide range of actors and sheds light on the various processes that enabled Japanese watch companies to transfer technology and expand commercially starting in the second half of the nineteenth century. By exploring the case of the watch industry, this book serves to establish a better understanding of the origins of the competitiveness of Japanese manufacturing and its evolution until its decline in the post-bubble economy (in the 1990s and 2000s).

This volume comprehensively captures trends in productivity and its determinants in the post-reform period for Indian manufacturing. It provides an up-to-date survey of different methods employed in measuring productivity and their applications across organized and unorganized sectors, including food, beverages, furniture, gems, chemicals, petroleu

Out at Home is the compelling story of Boston's racial divide viewed through the lens of one of the city's greatest institutions - its baseball team, and told from the perspective of Boston native and noted sports writer Howard Bryant. This well written and poignant work contains striking interviews in which blacks who played for the Red Sox speak for the first time about their experiences in Boston, as well as groundbreaking chapter that details Jackie Robinson's ill-fated tryout with the Boston Red Sox and the humiliation that followed.

Originally published in 1991, Financial Market Liberalization in Chile, 1973-1982, analyses the liberalization of the financial market which took place during the 1973-1982 monetarist experiment. The book addresses the effect this had on the Chilean economy and how this affected effects of the behaviour of the firms which went bankrupt during this period. The book also presents a description of the policies implemented in the Chilean economy during this period and examines the impact that this had on the performance of the financial sector.

Against the backdrop of growing anti-globalisation sentiments and increasing fragmentation of the production process across countries, this book addresses how the Indonesian economy should respond and how Indonesia should shape its trade and industrial policies in this new world trade environment. The book introduces evaluation not on tariffs but on new trade instruments such as non-tariff measures (SPS, TBT, export measures and beyond border measures), and looks at industrial policies from a broader perspective such as investment, accessing inputs, labour, services, research and innovation policies.

Assessing the roles of capital, labour, and state, McNamara discovers a distinctive style of interest bargaining to bridge uncertainties and foster entrepreneurship. The textile industry serves as a microcosm of the broader social changes of the past five decades. Dramatic transitions from family firms to professional capitalism, from state direction to regulation, and from company unions to industry federations take centre stage. Moving among executives, labour leaders, and state officials, the author charts development across the crucible of contending interests. Stretching from high technology to labour-intensive production, the textile industry offers a new profile of democratization and market liberalization, and recently of globalization and adjustment in the wake of the Asian Financial Crisis.
The first comprehensive review of the past and present of a leading sector, the volume offers a new interpretation of society and market in South Korea. Drawing insights from the New Economic Sociology, this study sheds new light on social systems of production in the South Korean Miracle. Contrasts with Thailand and Japan bring the Korean experience of interest contention into a comparative context of Asian capitalism.

eBook available with sample pages: 0203361652

In an era of fierce international competition, manufacturing firms must have a thorough understanding of their cost structure and how that structure relates to pricing and product mix decisions. Two competing conceptual approaches to designing product cost systems that support decision making are Activity-based Costing and the Theory of Constraints. Rather than argue in favor of one to the exclusion of the other, Robert J. Campbell presents a new approach to cost system design that combines the strengths of each school of thought, thereby overcoming the significant limitations of each. The need to price the product mix in order to exploit constrained resources is advocated by the Theory of Constraints, while the need to examine resource consumption from activities, both value adding and non-value adding, to support the principles of JIT is advocated by Activity-based Costing.

After examining the nature of a firM's cost structure as it relates to the activities performed by various functional areas, Campbell discusses the development of activity-based cost systems through an extensive example. Activity-based costing can lead to building excessively complex accounting systems that lack focus and provide confusion about short-run versus long-run changes in the cost structure. After a chapter examining short-run cost behavior and cost relationships, an in-depth discussion of the Theory of Constraints and how it is contrasted to, and complemented by, activity-based costing follows. In these middle chapters the strengths of each methodology are identified and combined into a unified approach to product cost systems. Later chapters provide discussion on pricing strategies, customer profitability analysis, and providing cost measures that recognize either loss of learning or volume-related efficiencies in machine-paced organizations. This book is an important resource for executives or consultants seeking to implement new cost management systems that lead to improved decision making, as well as for educators seeking to reconcile and understand Activity-based Costing and the Theory of Constraints.