FEBM 2018 The Third International Conference on Economic and Business Management

Keynote Speakers

FEBM2018 | Xiaoxia Huang

Lee, Yang
Senior scientist, Professor
Haskins Lab., YALE Univ., US

Speech Title:The Three Dimensions of Labor
Abstract: This study attempted to break the limitation of the traditional labor dimensions, consisting of physical and emotional labors, and to propose a new dimension of cognitive labor. Evaluators estimated the tendency of three types of labor in references of episodes, which illustrates various occupations supposed for 3 dimensions as professorship for cognitive labor, service work for emotional labor, and construction field for physical labor. On three labor coordinates extracted by factor analysis, the distances were measured between pair of the episodes. Newly proposed and supported with data, a dimension of cognitive labor was differentiated, constituting three labor dimensions as cognitive, emotional, and physical. This study verified the three types of occupations which might represent the dimensions of labor. The further application is needed to various occupations. With the independence of three labors, the labor problems and charges for each dimension are expected to be positively managed in balance for the practical markets which is concerned in human resource management. What is viewed for the theoretical discussion sets a hierarchical structure, where the three labors are leveled, and the cognitive labor is posited in base.

FEBM2018 | Xiaoxia Huang

Xiaoxia Huang
Donlinks School of Economics and Management,University of Science and Technology Beijing, China

Investment optimization, project selection, optimization and decision analysis

Speech Title: Uncertain Portfolio Selection with Background Risk
Abstract:Portfolio selection is concerned with optimal investment of capital in a number of securities. Traditionally, investors were suggested to use past return data and Markowitz methodology to select their portfolios. Yet in practice past return data of securities usually can hardly reflect the securities’ future returns and so the security returns are given by experts. Then the condition of using Markowitz methodology is not satisfied. This lecture will introduce a new branch of portfolio selection called uncertain portfolio selection for investment decision in such a situation. We will show why it is rational to use uncertain portfolio selection to select portfolios. Then we will introduce an uncertain portfolio selection method considering background risk. Future research directions on uncertain portfolio selection will also be mentioned.

FEBM2018 | Chih-Hsuan Wang

Dávid Lóránt Dénes
a professor in Poland, Kazakhstan and Hungary

an internationally recognized researcher and professor in the field of tourism. served as a guest professor at many universities in Europe
His work is available in the best-known databases (SCOPUS, Thomson Reuters).

Speech Title: Economic and Environmental Impacts Of Overtourism
Abstract:Tourism is becoming one of the leading and dynamically growing industries in modern state of the world economy. According to UNWTO, tourism ranks fourth in world exports and services (7.4%), outpaced only by exports of cars, chemicals goods and fuels. In terms of profitability, this industry ranks third in the world after the oil industry and automotive industry. Studies on the impact of tourism and research on tourism development have been the focus of international tourism literature for several decades. As the environmental, economic, social and cultural changes caused by (the positive and negative effects of) tourism became increasingly visible, the need for a new kind of tourism and an entirely new approach to tourism development has emerged. Academic interest in studying the negative impacts of tourism arose as early as the 1960s, particularly in relation to the concept of carrying capacity. Research on carrying capacity appeared to be a key to managing adverse effects for about three decades. ‘Overtourism’ occurs when there are too many visitors in a destination. My lecture is focusing on the economic and environmental impacts of ‘overtourism’.

FEBM2018 | Chih-Hsuan Wang

Wan Hasrulnizzam Wan Mahmood
Associate Professor, Deputy Dean
Faculty of Mechanical and Manufacturing Engineering Technology, Universiti Teknikal Malaysia Melaka (UTeM), Malaysia.

aerospace mansufacturing projects, dry-bulk port terminal, supply chain modelling, public transportation and rail industry.

Speech Title: A Conceptual Model of Supply Chain Development for Rail Industry: Case Study Of Malaysia
Abstract:Nowadays, any industrial based organizations need to implement a new operation strategies and technologies in response to the challenges and demands of the customers for product of a high quality, low price and short lead time. An effective management of supply chain eco-system is essential in order to have better organization performance. The main challenge faced by many researchers is the establishing an effective supply chain development model. Thus, this study is carried out in order to find out the best parameters or bridging points between supplier and OEM to enhance significant contribution in the industry. The focus of the study is rail industry. In Malaysia, rail industry is currently become major industry to boost Malaysia’s economic growth and provides a competitive edge over other countries in the region. It would also act as a catalyst for more aggressive economic growth and will also open more economic opportunities to explore in multiple industrial sectors including product localization by understanding supplier tiering strategies. The conceptual model has three sections namely: input data collection; analysis; and performance measures. The data collections require pre-assessment analysis for tiering strategy and identification of supplier capability in specific manufacturing or services phases. The model verification by a big player in Rail Company proved that the model is not only measure the standard performance but also focus on the sustainability development.