Logistics outsourcing and the market value of the firm : an empirical investigation
In this paper we investigate the shareholder value effects of logistics outsourcing decisions. To this end, we use the event study methodology to examine the reaction of equity investors to 165 logistics outsourcing announcements for the case of 119 manufacturers for the period from 2000 to 2015. Using both parametric and nonparametric tests we find a significant positive reaction to logistics outsourcing announcements of planning activities. Further than academics, these findings are of importance to practitioners as they provide them with key insights on their decision to outsource logistics activities.
The traditional cost analysis based on operating expenditure record doesn't show the relationship among operating expenditure items, and the synthetic characteristic of oil gas production process. Through fuzzy cluster technique, the relationship among cost items of oil gas production process, is revealed set forth the measure to reduce the main operating cost item in oil gas extraction process which is practical to oil gas operation companies.