The staffing of parallel servers in a queue has interested operations researchers for decades, resulting in countless mathematical models studying queuing behavior. But to achieve tractability, these models typically assume the service rate and productivity of individual servers is independent of other servers and the status of the system. We question this assumption and consider whether inter-server dependence impacts queue performance, specifically through server task selection.
We propose a method for decomposing private fund portfolio performance into effects from timing, strategy selection, geographic focus, sizing of fund allocation, and fund selection attributes.
A panel of experts convened by UNC Kenan-Flagler Business School and the Kenan Institute offered a press briefing via webinar on the challenges and options available to both employees and employers as more and more states reopen for business. This press briefing features UNC Kenan-Flagler Business School Professor Paige Ouimet, UNC School of Law Professor Jeffrey Hirsch and UNC Department of Sociology Professor Alexandrea Ravenelle.
Using #BlackLivesMatter as a case study, this research documents the tensions and harms associated with trademarking online social movement hashtags.
Despite extensive empirical evidence of the economic and financial benefits of green buildings, energy retrofit investments in existing buildings have not reached widespread adoption.This paper empirically estimate returns to energy retrofit investments for multifamily and commercial buildings in New York City, using a novel database of actual audit report recommendations and permitted renovation work extracted using natural language processing.
This article examines the development of university technology transfer operations at the Research Triangle region’s three universities.
In stark contrast with liquid asset returns, I find that commercial real estate idiosyncratic return means and variances do not scale with the holding period, even after accounting for all cash flow relevant events. This puzzling phenomenon survives controlling for vintage effects, systematic risk heterogeneity, and a host of other explanations. To explain the findings, I derive an equilibrium search-based asset-pricing model which, when calibrated, provides an excellent fit to transactions data.
Stakeholders can and should play an important role in business decisions, but how can their interests be incorporated into business practices to create win-win solutions? In this week’s Insight, our experts dive into this question and discuss whether stakeholder capitalism models can help us find the right solution.
Dr. Gerald Cohen brings nearly 30 years of high-profile private and public sector experience to the institute, where he is taking a leading role in forwarding Kenan Institute’s mission and translational research efforts.
President Biden’s $1.9 trillion stimulus bill is one of the largest bills ever passed by Congress. Mary Moore Hamrick, Political Quotient Advisors CEO and Kenan Institute of Private Enterprise Senior Fellow, breaks down the bill’s provisions and discusses its as-yet-unknown effects.
As part of the 2020 Dean’s Speaker Series, UNC Kenan-Flagler Dean Doug Shackelford sat down virtually with Royal Caribbean Cruises EVP and Chief Financial Officer Jason Liberty.
With a recent report from the United Nations warning that climate change has already begun to cause irreversible damage, experts during the 2022 Kenan Institute Frontiers of Entrepreneurship Conference discussed the role innovation can – and should – be playing to combat these ill effects. This week’s insight explores the topic through Q&A with Dr. Eric Toone, executive managing director and technology lead at Breakthrough Energy Ventures, and Dr. Jacqueline Pless, the Fred Kayne (1960) Career Development Professor of Entrepreneurship at MIT Sloan School of Management.
Out of the rubble of World War II, we collectively and deliberately built an institutional order that established norms of acceptable behavior and placed constraints on powerful nations. While work remains to create broader economic opportunity and some regions have suffered terrible conflict, the economic and financial globalization that this order fostered nevertheless yielded the greatest period of peace and economic prosperity that humanity has ever known. The more than 70 years since the war’s conclusion are, however, very atypical, and we are now returning to a setting far more familiar to any student of history, where strength and power supersede norms and rules. The world is characterized by a renewed struggle between illiberal autocracy and liberal democracy.
In this week’s commentary, we’ll discuss the robustness of the improved health statistics, what the president’s executive orders mean for the economy and the first estimates from our undetected cases model. We do this with an eye toward what could be impending deterioration on both the pandemic and economic front.
The health and economic data from this past week brought both good and bad news about the state of affairs in North Carolina. Health data suggest the growth in new cases is slowing, that hospital capacity remains available and that we might be getting a better handle on identification. While this is certainly encouraging in the battle against the pandemic, a similar levelling off in business activity does not bode as well for the economy. In this week’s commentary we seek to unpack some of the details in the data to understand what may be a new plateau.
Retail stores are geographically dispersed as a part of a multiunit organization. In such a setting, store managers play an important role in driving store performance. To motivate them to exert effort, retailers have provided group incentives for store managers. Using data from 75 stores of a U.S.-based retail chain that changed its incentive plan for store managers from being purely dependent on store performance to being dependent upon both store and corporate performance, we investigate the effect of this change on store performance.
China’s remarkable economic transition was going to face slowing growth at some point, but misallocation of resources and the country’s zero-COVID policy further complicate the picture.