On Decomposing Net Final Values: Eva,Sva and Shadow Project

A decomposition model of Net Final Values (NFV), named Systemic Value Added (SVA), is proposed for decision-making purposes, based on a systemic approach introduced in Magni [Magni, C. A. (2003), Bulletin of Economic Research 55(2), 149–176; Magni, C. A. (2004) Economic Modelling 21, 595–617]. The model translates the notion of excess profit giving formal expression to a counterfactual alternative available to the decision maker. Relations with other decomposition models are studied, among which Stewart’s [Stewart, G.B. (1991), The Quest for Value: The EVA™ Management Guide, Harper Collins, Publishers Inc]. The index here introduced differs from Stewart’s Economic Value Added (EVA) in that it rests on a different interpretation of the notion of excess profit and is formally connected with the EVA model by means of a shadow project. The SVA is formally and conceptually threefold, in that it is economic, financial, accounting-flavoured. Some results are offered, providing sufficient and necessary conditions for decomposing NFV. Relations between a project’s SVA and its shadow project’s EVA are shown, all results of Pressacco and Stucchi [Pressacco, F. and Stucchi, P. (1997), Rivista di Matematica per le Scienze Economiche e Sociali 20, 165–185] are proved by making use of the systemic approach and the shadow counterparts of those results are also shown.     

Development and implementation of an operating room scheduling tool: an action research study

In this study, we report the results of an action research project whose aim was to develop and implement an operating room scheduler at the Meyer University Children’s Hospital. The study offers insights into the features that make an MSS optimisation model and scheduler effective and easy to implement, and shed light on those actions facilitating their introduction and use. Specifically, it suggests that creating an effective operating room scheduler requires clustering patients in homogeneous surgery groups and developing a flexible tool that allows: scheduling surgery groups instead of actual patients, easily adding/removing constraints, changing the objective function(s) and adjusting the planning horizon. In addition, it posits that gaining the commitment of top management by showing credible preliminary results, inferring stakeholder preferences by letting them comment on tentative schedules, introducing changes gradually and involving staff at lower levels of the hospital hierarchy can significantly facilitate the scheduler development and implementation.     

Liminality and learning: international placements as a rite of passage

This article reports findings from a collaborative study of UK student learning in Malaysia. We analyze the concept of liminality as a means of understanding the transitional process between states and statuses that social work students experience in practice learning. Here, in specific reference to immersion in new cultural contexts represented by international placements, the development and learning of students are explored in relation to the overlapping domains of familiar and unfamiliar ‘cultures’ and disciplinary practice. These findings carry implications in terms of the increasing popularity of international placements and the potential imposition of hegemonies of values and knowledge.     

Styles of Physician Advice About Smoking Cessation in College Students

Abstract

Objective: To examine whether young adult cigarette smokers who were in the precontemplation and contemplation stages of change for smoking cessation would differ in their evaluations of vignettes depicting 2 types of physician advice. Participants: Fifty-seven young adult cigarette smokers who were undergraduate students (49.1% female, mean age = 20.4 years) attending an urban university. Methods: Participants evaluated 2 written vignettes. Both vignettes depicted physicians using patient-centered communication styles. One vignette depicted a physician giving a patient direct advice to quit smoking and the other a physician using a motivational style of advice. Data were collected from September 2004 through May 2005. Results: Participants rated the motivational advice vignette as significantly more favorable compared to the direct advice vignette on all assessed dimensions (global satisfaction, general satisfaction, physician affective style, physician technical style, and physician communication style). Conclusion: Smokers preferred the motivational advice style to simple patent-centered advice.     

Body Modification and the Enlightenment Project of Struggling Against Death

This article's core idea is that body modification can be seen as a nonstandard symbolic expression of a long-standing project of the enlightenment: to control human destiny, with the dream of conquering death. This idea is based on experimentally validated tenet of existential psychology that the denial of death is one of humanity's deepest motivations. The first highlights a common denominator in the articles by Pitts-Taylor, Sullivan, and Knafo: they courageously oppose the knee-jerk reaction that body modification necessarily entails giving in to social or gender pressure. Instead each proposes refined psychodynamic hypotheses. Knafo's analysis of body artist Orlan is taken as the starting point for an elaboration of this cultural phenomenon as a reflection of the denial of death.     

Ferry quarantine: The pandemic as a pretext to deny healthcare access to undocumented migrants and asylum seekers in Italy

The outbreak of COVID-19 forced national governments and health authorities worldwide to adopt measures aimed at protecting population health, most of which resulted in prolonged restrictions to individual freedom(s) and fundamental rights. In some cases, the pandemic represented a pretext for macroscopic and unjustified human rights violations, as in the case of the “ferry quarantine,” that is the use of commercial boats by the Italian Government to forcibly isolate migrants and asylum seekers from the rest of the population. Such a measure does not have any rationale at the epidemiological level and poses serious obstacles to the provision of adequate care to vulnerable people such as migrants and asylum seekers. The pandemic has been used as a pretext to implement discriminatory and disproportionate measures whose effect has been denying healthcare access to undocumented migrants and asylum seekers.     

Results of a Social Norm Intervention to Prevent Binge Drinking Among First-year Residential College Students

Abstract

The effects of a primary prevention social norm intervention on binge drinking among 1st-year residential college students were examined. Six hundred thirty-four students attending a medium-sized public university in the South were randomly assigned to receive a two-phase social norm intervention or the standard campus psychoeducational prevention program. At posttest, no differences were found between intervention and control group students on any of the alcohol use and alcohol-use risk factor measures. Significant subgroup differences were found by stage of initiating binge drinking behaviors, for frequency of alcohol use, F(3, 507) = 3.69, p = .01; quantity of alcohol use, F(3, 507) = 2.51, p = .05; and social norms, F(3, 505) = 2.53, p = .05. These findings suggest the need for tailoring social norm binge drinking interventions to students' stage of initiating heavy drinking and carefully monitoring for potential negative, as well as positive, effects of norm-based prevention messages.     

DIVIDEND POLICY IN REGULATED NETWORK INDUSTRIES: EVIDENCE FROM THE EU

We study the dividend policy of firms in regulated network industries, focusing on the impact of different regulatory regimes and government control. We link payout and smoothing decisions to different regulatory mechanisms (cost‐based vs. incentive regulation) and state versus private ownership. We test our predictions on a panel of listed European electric utilities, accounting for potential endogeneity of the choice of regulatory and ownership patterns. We find that incentive‐regulated firms smooth their dividends less than cost‐based regulated firms and that they report higher target payout ratios. Consistent with the interest group theory of regulation, we find that incentive regulation schemes are less likely when the state is still an important shareholder in the sector. Additionally, our results show that government control undermines the efficiency‐enhancing effects of incentive regulation on dividend policy, for example, lower smoothing is only due to private firms. (JEL G35, L51, L32, L9)