Chief Economist Gerald Cohen outlines mid-year updates to our 2023 economic forecasts, discussing which EMAs have changed since our January projections.
This paper presents the development, validation, and implementation of a data-driven optimization model designed to dynamically plan the assignment of anesthesiologists across multiple hospital locations within a large multi-specialty healthcare system. We formulate the problem as a multi-stage robust mixed-integer program incorporating on-call flexibility to address demand uncertainty. The optimized dynamic staffing plan has been successfully implemented in the University of Pittsburgh Medical Center healthcare system, leading to estimated annual cost savings of 12\% compared to current practice, or about \$800,000 annually.
Learn more about the impact of machine learning on the resiliency of supply chain management in this recent article in the Harvard Business Review, co-authored by UNC Kenan-Flagler Business School’s Vinayak Deshpande.
On Wednesday, January 31, the Frank Hawkins Kenan Institute of Private Enterprise welcomed Michael S. Piwowar, Commissioner of the U.S. Securities and Exchange Commission (SEC), as part of the Dean’s Speaker Series.
Join us for an afternoon with Chairman, and Chief Executive Officer of SunTrust Banks, Bill Rogers. Rogers has led a significant transformation of the company, building upon its client-first culture and increasing focus on operating returns and efficiency. He is also a champion for the company’s philanthropy and volunteerism.
We model a dynamic economy with strategic complementarity among investors and government interventions that mitigate coordination failures. We establish equilibrium existence and uniqueness, and show that one intervention can affect subsequent interventions through altering public information structures. Our results suggest that optimal policy should emphasize initial interventions because coordination outcomes tend to correlate. Neglecting informational externalities of initial interventions results in over- or under-interventions.
Using unique data on employee ownership plans sponsored by U.S. public companies, we find that large negative market shocks lead to active changes in portfolio choices among inexperienced and previously inattentive investors. We use employee ownership plans to identify a set of inexperienced investors who did not actively select to participate in the market and who are confronted with a difficult financial decision.
The COVID-19 pandemic and the nationwide civil unrest spawned by the recent spate of senseless killings of unarmed African Americans have illuminated what executive development professionals have been telling private and public sector leaders and managers for quite some time. We are living in an era of increasing volatility, uncertainty, complexity and ambiguity—a VUCA World. “Certain-uncertainty” is the new normal in today’s society and economy.
Please join us for an exclusive conversation with Worthington Industries President and Chief Executive Officer, Andrew Rose on Wednesday, February 16. This discussion is part of the Dean’s Speaker Series, hosted by Kenan-Flagler Business School Dean Doug Shackelford.
“Every business I enter is looking for employees” was a common refrain in our Carolina Across 100 survey, with 79% of the total survey sample selecting employment/staffing concerns among their top three negative impacts of COVID-19 on their organization. Is the staffing shortage just a function of COVID-19 that will correct itself as COVID abates or are there larger demographic and economic forces at work? The answer is a bit of both.
Elon Musk’s bid to purchase Twitter for $44 billion appears to have fallen apart, but the reality of what nearly happened, and still may, will probably be with us for good. Before attempting to terminate the deal, Musk spoke with Twitter employees and discussed his vision to turn the social media platform into the world’s town square. The wealthiest person in the world wanting to own space where people gather to mobilize, to call out injustices and criticize powerful organizations and governments, and to coo at the latest cat videos?
2022 has not been kind to many investment portfolios; as Kenan Institute Executive Director Greg Brown argues, this is all attributable to the change in real interest and inflation rates.
The new report from the Kenan Institute's American Growth Project takes a look under the hood at productivity - and which U.S. cities have been climbing up the productivity rankings.
We explore the effect of the interplay between a firm's external and internal actions on market value in the context of corporate social responsibility (CSR). Specifically, drawing from the neo-institutional theory, we distinguish between external and internal CSR actions and argue that they jointly contribute to the accumulation of intangible firm resources and are therefore associated with better market value.
Chief Economist Gerald Cohen outlines three possible paths for the U.S. economy in coming months, as well as the indicators to keep an eye on.
Chief Economist Gerald Cohen discusses why the uncertainty caused by the debt ceiling crisis is bad for the economy - regardless of how the situation ends.
Join the Institute for Private Capital for the 16th Annual Alternative Investments Conference on March 21, 2024, featuring a full day of alternative asset programming.
Using unique data on employee ownership plans sponsored by U.S. public companies, we find that large negative market shocks lead to active changes in portfolio choices among inexperienced and previously inattentive investors. We use employee ownership plans to identify a set of inexperienced investors who did not actively select to participate in the market and who are confronted with a difficult financial decision.
Registration is open for the 17th annual Alternative Investments Conference on March 27, hosted by the Institute for Private Capital.
Can simply upgrading a hospital’s accounting systems cut costs? A recent paper, which examined a healthcare IT database for a span of 24 years, argues so.