TY - JOUR
T1 - Mathematical modeling of China's State-owned Enterprises' Contract System
AU - Feng, Shan
AU - Xu, Lida
PY - 2000
Y1 - 2000
N2 - The Chinese government has adopted a policy to separate the management and ownership of the state-owned enterprises as a key step to move them towards modern-type enterprises. State-owned Enterprises' Contract System (SECS) is a major enterprise management system in China today. In this paper, mathematical models are employed to examine some macro aspects of SECS. First, the behavior of SECS is analyzed through introducing two measurement indices; second, two incentive models of SECS are developed using audit as a tool for acquiring information for decision making; third, from a mathematical analysis, a general rule which determines optimal incentive strategy under perfect information is presented.
AB - The Chinese government has adopted a policy to separate the management and ownership of the state-owned enterprises as a key step to move them towards modern-type enterprises. State-owned Enterprises' Contract System (SECS) is a major enterprise management system in China today. In this paper, mathematical models are employed to examine some macro aspects of SECS. First, the behavior of SECS is analyzed through introducing two measurement indices; second, two incentive models of SECS are developed using audit as a tool for acquiring information for decision making; third, from a mathematical analysis, a general rule which determines optimal incentive strategy under perfect information is presented.
KW - Competition
KW - Developing countries
KW - Government
KW - Optimization
KW - Competition
KW - Developing countries
KW - Government
KW - Optimization
UR - https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=ceibs_wosapi&SrcAuth=WosAPI&KeyUT=WOS:000087269900003&DestLinkType=FullRecord&DestApp=WOS
U2 - 10.1016/S0377-2217(99)00377-X
DO - 10.1016/S0377-2217(99)00377-X
M3 - Journal
SN - 0377-2217
VL - 124
SP - 235
EP - 242
JO - European Journal of Operational Research
JF - European Journal of Operational Research
IS - 2
ER -