iiml newsletter indian institute of management luckno · in this paper i analyze whether private...

IIML Newsletter

Indian Institute of Management Lucknow

February - April 2018 Volume XXIX Nos. 11-12, Volume XXX Nos. 1

Inside this issue

Academic Activities

Publication Profile

Research Publications

- Papers

- Conference & Seminar Presentations

- Other Assignments

Management Development Programme

Events

From the Press

Featured members Prof. Indranil Biswas - Operation Management Area

Prof. Somdeep Chatterjee – Business Environment Area

Prof. Samir K. Srivastava – Operation Management Area

Volume XXIX Nos. 11-12, Volume XXX Nos. 1

Publication Profile


Papers

Biswas, I., & Avittathur, B. (2018). The price-setting limited clearance sale inventory model. Annals of Operations Research, 1-17 https://link.springer.com/content/pdf/10.1007%2Fs10479-018-2811-5.pdf The classical newsvendor problem decides the optimal order quantity for a single period, with the assumptions that both the selling price and the end of period salvage value are fixed. However, the salvage value or clearance price in many instances depends on the leftover inventory. A fixed salvage value assumption could lead to suboptimal decisions in many situations. In this paper we determine the optimal pricing and ordering decision for a limited clearance sale inventory model using newsvendor framework with variable salvage value. We consider additive demand model, provide necessary and sufficient conditions for unique pricing and ordering policies, and calculate optimal contract parameters for wholesale price contract in decentralized supply chain setting. We compare our results against classical newsvendor model with fixed salvage value. We analytically prove that the price-setting limited clearance sale inventory model improves the ordering decision and profit level. Raj, A., Biswas, I., & Srivastava, S. K. (2018). Designing supply contracts for the sustainable supply chain using game theory. Journal of Cleaner Production, Vol. 185, 275-284 The importance of sustainable operations in supply chains has been widely recognised in practice and the extant literature. In this paper, we study coordination issues of a sustainable supply chain that arise due to simultaneous consideration of greening and corporate social responsibility (CSR) initiatives undertaken by supply chain agents. We specifically consider the scenario where the supplier is responsible for greening and the buyer is accountable for social responsibility. We analyse our model using two-stage Stackelberg game-theoretic approach where the supplier acts as a Stackelberg leader. In this context, we analyse the decentralised supply chain setting using five different contract types, namely wholesale price, linear two-part tariff (LTT), greening-cost sharing, revenue sharing, and revenue and greening-cost sharing contracts (RGCS). We demonstrate how optimal greening level, CSR level, retail price and profits of supply chain agents are influenced by different contract types. Our analytical results show that greening and social efforts undertaken by supply chain agents are beneficial for the overall supply chain as long as consumer awareness towards greening and CSR exists. Our results show that channel coordinating mechanisms between supplier and buyer is conducive to improve greening and CSR level. LTT perfectly coordinates the supply chain. Through a numerical example with several key parameters we present the effectiveness of different contracts. The results reveal that as a profit maximising agent the supplier prefers LTT contract and the buyer prefers RGCS contract. This paper extends the understanding of supply chain coordination in the context of sustainability.

https://link.springer.com/content/pdf/10.1007%2Fs10479-018-2811-5.pdf


Publication Profile

Chatterjee, Somdeep (2018): "Do Private Tutors Enhance English Language Ability? Regression Discontinuity Evidence from a Policy Experiment in India", Bulletin of Economic Research, Vol 70(2), April 2018; Wiley Blackwell Empirical evidence has shown that returns to English language ability are substantial in India. Research has also focused on the impact of private tutoring in the context of developing economies to find evidence that remedial teaching leads to better student achievement and higher test scores. In this paper I analyze whether private tutoring helps in developing English language ability. Simple OLS estimates suggest statistically significant effects but estimated coefficients are rather small at 0.2 percentage points. Presence of confounders and selection bias may potentially understate the true effects of private tutoring on English language ability. To address this issue, I exploit a unique policy experiment in India in a regression discontinuity framework to identify cohorts eligible for private tutoring and compare their outcomes to the ineligible. I use this potentially exogenous policy variation as an instrument for private tutoring and find significant increases in English language ability estimated at 16 percentage points which is much larger than the simple OLS effects. Since standard academic curriculum is not directed towards improving foreign language ability, private tutoring as an input in the education production function seems to offer high marginal returns. From a policy perspective, this implies that private tutoring should be encouraged for enhancing English ability even though there are concerns that this provides disincentives for teachers to teach in school. Publication can be accessed here: https://onlinelibrary.wiley.com/doi/full/10.1111/boer.12142 Chaddha, Kavita (2017). The Information Commons: Redesigning & Repurposing Academic Libraries. Journal of Library management 6 (3-4) July-December, 2017: 7-20. The traditional role of an academic library was to capture, arrange and disseminate information in a predefined manner. It was a place where the users found pin drop silence to study individually. The use of the internet in learning and teaching changed the information seeking behavior of the library users. Digital publications with open access started becoming popular among students. With the emergence of web 2.0, the emphasis became more on collaborative learning. The students needed a place where they have access to technology and space for group study where they can discuss without disturbing others and getting disturbed. At the same time, some higher level students (researchers) wanted a quiet place in the library (research carrels). The traditional libraries were not designed to accommodate both types of spaces under one roof. The footfall in the libraries started declining. The library users now come to the library only for issue/return of books. Those librarians, who knew where the problem lies, started searching for a solution. The paper examines all these issues, processes and discusses as to how this transformation can take place effectively.


Papers

https://onlinelibrary.wiley.com/doi/full/10.1111/boer.12142


Publication Profile


Ao, Chon-Kit and Chatterjee, Somdeep (2017): "Do Political Reservations Affect Borrowing and Lending? Evidence from India", 27th Annual Conference on Contemporary Issues in Development Economics organized by the Dept of Econ, (Center for Advanced Studies) Jadavpur University, Kolkata. This paper estimates the impact of minority political reservation on borrowing and lending behavior of households. Using a panel data of households from India, we exploit the variation provided by implementation standards of the mandated reservations, to identify the causal effects of reservation on access to credit. State level revision of allocation of reserved constituencies to the minority groups happens after electoral redistricting (delimitation) using census population figures. We use data from before and after the latest delimitation which happened in 2008 to find that reservations for scheduled tribes (STs) lead to an increase in the likelhood of borrowing and number of loans. No such effect is observed for reservations of constituencies for scheduled castes (SCs). However this changes at the intensive margin; loan sizes increase in response to increased SC reservation shares. We document signifcant heterogeneity in these effects suggesting that most of the results are driven by the sub-sample of households belonging to the backward castes. This is consistent with motivations of social proximity affecting borrowing and lending patterns. We find evidence of substitution from informal sources of loans towards more institutionalized sources. This suggests welfare gains of the program in terms of effects on the credit markets.

Conference & Seminar Presentations



MDPs held during February 2018 - April 2018

MDPs held during February - April 2018

S.No. Programme Title Programme Director(s) Dates Venue

1 General Management Programme for the Executives of Oil India Ltd.

Prof. Ajay K Garg & Prof. Nishant Uppal

January 30 - February 9, 2018

Lucknow

2 Communication for the Executives of GAIL India Ltd.

Prof. Payal Mehra & Prof.Devashish Das Gupta

February 5-9, 2018 Lucknow

3 General Management Programme for the Executives of HPCL

Prof. Ajay K Garg & Prof. Suresh Kumar Jakhar

February 10-11, 2018

Lucknow

4 Communication, Presentation and Report/Proposal Writing Skills for the DRDO Scientists

Prof. Payal Mehra & Prof. Prakash Singh


Lucknow

5 Project Management for the State Administrative Service Officers of Govt. of Madhya Pradesh

Prof. Sushil Kumar (OM) February 12-16, 2018

Lucknow

6

Managing Self for Leadership Excellence for the Sr. Executives of Power Grid Corporation of India Ltd. (NR-1)

Prof. Pushpendra Priyadarshi February 12-16, 2018

Lucknow

7 Managerial Effectiveness Prof. Archana Shukla February 19-23, 2018

Noida

8 Planning, Organizing and Foresightedness for the Executives of GAIL India Ltd.

Prof. Sabyasachi Sinha & Prof. Nishant Uppal


Lucknow

9 Leadership Communication and Image Management

Prof. Payal Mehra February 19-23, 2018

Lucknow

10 Creativity, Problem Solving and Decision Making for the Executives of Indian Oil Corporation Ltd.

Prof. Sushil Kumar (OM) February 19-23, 2018

Lucknow

11

Role of Ethics, Leadership, Motivation and Quality Management for the Executives of Rural Engineering Department

Prof. Sushil Kumar (CBS) & Prof. Pushpendra Priyadarshi


Lucknow

12 Managerial Excellence for the Administrative Level Officers of UPPCL

Prof. Prem P Dewani February 19-23, 2018

Lucknow




Lucknow

14 Leadership Development for the Women Executives of ONGC Ltd.

Prof. Devashish Das Gupta & Prof. Madhumita Chakraborty

March 5-9, 2018 Lucknow

15 Supply Chain Management for Logistics for the Executives of ONGC Ltd.

Prof. Samir K Srivastava & Prof. Suresh K Jakhar




MDPs held during February 2018 - April 2018

MDPs held during February - April 2018





17 Business Leadership Development for Star Suppliers of Larsen & Toubro Ltd.

Prof. Devashish Das Gupta March 12-14, 2018 Lucknow

18 General Management Programme for the Executives of ONGC Ltd.

Prof. Seshadev Sahoo & Prof. Suresh K Jakhar


19 General Management Programme for Executives (in collaboration with Anisuma Training Institute, Dubai)

Prof. Rajeev Kumra & Mr. Mahesh Chotrani (Anisuma Institute)

March 22 - November 3, 2018

Dubai & Lucknow

20

One-year Part-time General Management Programme for Executives (GMPE16) - 1st on-campus module

Prof. M K Awasthi & Prof. Vikas Srivastava

March 24-April 1, 2018

Lucknow

21 Marketing Module for the Indian Postal Service Probationers

Prof. Prem P Dewani & Prof. Seshadev Sahoo


22 Sales Leadership and Sales Force Motivation for the Executives of the Lalit Suri Hospitality Group

Prof. Devashish Das Gupta April 2, 2018 New Delhi



April 6-9, 2018 Lucknow

24

One year Part-time General Management Programme for Executives (GMPE15) - 3rd on-campus module

Prof. Sushil Kumar (CBS) & Prof. Madhumita Chakraborty


25 General Management Programme for the Executives of RateGain Travel Technologies Private Limited

Prof. Ajay Singh & Prof. Kaushik Bhattacharya

April 7, 2018 - March 3, 2019

Noida & Lucknow

26 Leadership Development Programme for the Executives of Roche Diagnostics India Pvt. Ltd.

Prof. Neeraj Dwivedi & Prof. Vikas Srivastava


27 Critical Thinking for the Executives of Wockhardt Ltd.

Prof. Sushil Kumar (BS) April 19-20, 2018 Aurangabad



MDPs scheduled during the month of May-June 2018

MDPs schduled during May-June 2018


1 Certificate Programme in Business Analyics for Executives (CPBAE8) -module III

Prof. Gaurav Garg & Prof. Kaustav Banerjee

May 5-12, 2018 Lucknow

2 GMP for the Executives of Organic India Pvt. Ltd.

Prof. M K Awasthi & Prof. Prem P Dewani

May 19-20, 2018

Lucknow

3 Effective Contract Management and Negotiation

Prof. D S Sengar May 21-23, 2018

Noida

4 General Management Programme for the Middle/Senior Level Executives of ITI Ltd.

Prof. Sushil Kumar (BS) & Prof. Neeraj Dwivedi

May 21-25, 2018

Lucknow

5 General Management & Leadership Programme for the Middle Level Executives of Oil India Ltd.

Prof. D Tripati Rao & Prof. Seshadev Sahoo

May 21-31, 2018

Lucknow

6 GMP for the Executives of Organic India Pvt. Ltd.

Prof. M K Awasthi & Prof. Prem P Dewani

June 9-10, 2018 Lucknow

7 Business Sustainability as a Competitive Advantage

Prof. Sushil Kumar (CBS) & Prof. Ashish Aggarwal

June 18-20, 2018

Noida

8 Certificate Programme in Business Analytics (CPBAE9) - 1st on-campus module

Prof. Gaurav Garg & Prof. Alok Dixit

June 23-30, 2018

Lucknow


Events

32nd

Convocation of Indian Institute of Management Lucknow

The 32nd

Annual Convocation of Indian Institute of Management Lucknow, held on March 17th 2018, saw

613 students being awarded their diplomas.

613 students of IIM Lucknow received their diplomas. 396 students from the 32nd batch of Post Graduate

Programme in Management, 49 students from the 13th batch of Post Graduate Programme in Agri-business

Management, 12 students from the Doctoral Programme, 3 students from EFPM Programme along with

75 students from Post Graduate Programme in Management for Working Executives (WMP), 59 students

from International Programme in Management for Executives (IPMX) batches and 19 students from Post

Graduate Programme in Sustainable Management (PGPSM), from the Noida campus received their

diplomas. The institute has been nurturing talent since 1984 and with this outgoing batch of 2018, IIM

Lucknow will expand its alumni network of about 6000+ alumni who have been dedicatedly serving

community through contributions in various domains.

The list of Medal winners for the Post Graduate Programme in Management & Post Graduate Programme

in Agri-business Management are as follows:

Name Medal

Vivek Choudhary Chairman’s Gold Medal for securing 1st rank

Joydeep Chakraborty Director’s Medal for securing 2nd

rank

Kumari Ankita PGP Chairman’s Medal for securing 3rd rank

Bhoomika Gupta Bizkool Medal for the Best Student in Information

Technology

Pranay Bhabhera Hari Shankar Singhania Medal for Best All Rounder

Bharti Gupta Budhiraja Medal for Best All Rounder

From the Post Graduate Programme in management for working executives, the following were the

award winners:

Deepak Luthra Chairman’s Gold Medal for securing 1st rank

Anshum Sehgal Director’s Medal for securing 2nd

rank

From the International Programme in Management for Executives (IPMX), the following were the award

winners:

Hitanshu Agarwal Chairman’s Gold Medal for securing 1st rank

From the Post Graduate Programme in Sustainable Management (PGPSM) following were the award

winners:

Aman Jain Chairman’s Gold Medal

Shashi Kant Director’s Medal


Events

Addressing the august gathering, Dr. Ajit Prasad, Director, IIM Lucknow welcomed the new Chairman of

Board of Governors Mr. N Chandrasekaran, underscoring his exemplary leadership citing his past

achievements. He highlighted the accomplishments of the institute in the academic year 2017-18. IIM

Lucknow published 83 research papers in category journals, did 99 MDPs, trained over 2500 managers

and graduated 430 students. He talked about the joint training program of IIM Lucknow and the World

Bank on the World Bank’s procurement process, which attracted participants not only from India, but also

from Myanmar and Afghanistan. IIM Lucknow also operationalized its L-incubator at its Noida campus,

with 7 well-funded start-ups who are engaged in commercializing smart technologies in collaboration with

top Energy companies, technology institutions, and investors. He talked about the mission to support 100

incubators with the help of UP Government in Uttar Pradesh & about the successfully executed first-of-its-

kind research on “Navigator Study on Responsible Lending in India”.

He also highlighted about IIM Lucknow’s initiative to include research based courses like Behavioral

Economics, contemporary management courses like ‘Experiential Learning’ and ‘Framing Identities and

Roles through Exploration’ which are not the regular text book classroom courses & courses focusing on

ethics and human values like ‘Human Values and Responsible Citizenship’ in the Post Graduate Programme

curriculum. In the context of globalization, he mentioned about Executive Education Programme to be

launched by IIM Lucknow in Middle Eastern places like Dubai.

Addressing the students, he said, “Don’t think of the past, remember nothing happens by chance. Find your

destiny.” Quoting Winston Churchill, he said, “Go create history!”

The New Chairman of Board of Governors of IIM Lucknow, Mr. N Chandrasekaran said it was a great

privilege and honor to accept the role and congratulated the graduates for their achievements. He remarked

on the fact that students are entering the world at a time when everything is changing with problems being

similar on a global scale. He mentioned the lack of jobs, climate change, global terrorism, aging population

and failure to cope with massive disruption in technology as the major problems with the world at large

reacting with a degree of protectionism. However, the Indian context being different with a huge demand

of doctors, teachers, judges & nation builders with the country having the highest number of professional

graduates in the pipeline.


Events

Highlighting the lack of access and scale being the chief impediments in India, he said that the business

leadership and entrepreneurship has to solve this problem by choosing their industry and part of country

and work towards lifting the quality of life and create job opportunities. Addressing the graduates, he said,

“As management graduates you are at a very distinct advantage because you can appreciate the role of

technology in business and appreciate the business model that are required to make the solutions viable.

We need to solve the problems in a short period of time and in a non-traditional way. I hope all of you

will reflect on this thought and play an influential role in creating a better India”.

Mr. Sanjeev Bikhchandani, Founder, Info Edge (India) Limited in his video message said, “real professional

happiness can be achieved through joy of creation, joy you get from others who appreciate what you have

created and the joy you get when your creation makes a difference”. He said that while money is important,

it is also essential to figure out one’s inner calling. The best kind of money is the one which we earn when

we are happy. He concluded by saying, “The best advice I can give is to keep looking out till you find your

calling. When you find your calling, stay with it”.

The ceremony concluded with the recitation of national anthem.


From the Press

Amar Ujala

Dainik Jagran


From the Press

Hindustan

Hindustan TImes


From the Press

Rashtriya Sahara

The Pioneer


From the Press

The Pioneer


From the Press

AMAR UJALA


From the Press

DAINIK JAGRAN


From the Press

Hindustan Times


From the Press

Hindustan


From the Press

Hindustan

Nav Bharat Times


Corporate Communication & Media Relations

Indian Institute of Management Lucknow

Prabandh Nagar, IIM Road Lucknow – 226013

Email: [email protected]

iiml newsletter indian institute of management luckno · in this paper i analyze whether private...

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