Revista CEA

Revista CEA

Basic info

  • Publisher: Instituto Tecnológico Metropolitano-ITM
  • Country of publisher: colombia
  • Date added to EuroPub: 2019/Nov/09

Subject and more

  • LCC Subject Category: Management Science, Economics, Management Science/Operations Research, Finance and Financial Services, Accounting, Marketing, Banks and Banking
  • Publisher's keywords: Economics, Marketing, Business, Management, Econometrics, Finance, Accounting
  • Language of fulltext: english, spanish, catalan
  • Time from submission to publication: weeks

Publication charges

  • Article Processing Charges (APCs): No
  • Submission charges: No
  • Waiver policy for charges? No

Open access & licensing

  • Type of License:
  • License terms
  • Open Access Statement: No
  • Year open access content began: 2015
  • Does the author retain unrestricted copyright? False
  • Does the author retain publishing rights? False

Best practice polices

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This journal has '38' articles

Application of simulation models based on the theory of constraints in production environments

Application of simulation models based on the theory of constraints in production environments

Authors: Julian Alberto Uribe-Gomez, Santiago Quintero-Ramirez
Year: 2017, Volume: 3, Number: 6
Revista CEA 2019/Nov/09
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Abstract

La Teoría de restricciones permite identificar dificultades en los procesos productivos a través de lo que se ha denominado cuellos de botella, y bajo una perspectiva rigurosa y sistemática busca la solución óptima para lograr el objetivo empresarial, el cual es generar dinero. El objetivo primordial de este trabajo fue evidenciar cómo el proceso sistemático de la teoría de restricciones, puede ser replicado de manera simple bajo la perspectiva de la modelación y simulación de los comportamientos que circunscriben dicha teoría. La simulación, en este caso, se utiliza como una metodología para ejemplificar y demostrar el pensamiento contra intuitivo de esta teoría, que emerge debido a que las empresas aún consideran los inventarios y su acumulación, como parte fundamental para la generación de beneficios en las organizaciones. En términos generales, con el modelo de simulación se logró demostrar que, reduciendo los inventarios en proceso de una cadena productiva, el comportamiento de los gastos operativos disminuye, generando así un mayor flujo de dinero a través de la empresa.

Keywords: simulation. models. software. method. manufacturing. production.
Local economic development strategies for the Municipality of Girardota

Local economic development strategies for the Municipality of Girardota

Authors: Ivan Dario Rojas-Arenas, John Alejandro Cardona-Quintero, Jose Benjamin Gallego-Alzate
Year: 2017, Volume: 3, Number: 6
Revista CEA 2019/Nov/09
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Abstract

Endogenous economic growth is a paradigm shift in the conception of regional development in an attempt to explain wealth accumulation and creation and the role of local stakeholders in these processes. This article proposes local economic development strategies for the Municipality of Girardota (Department of Antioquia, Colombia) derived from participatory research that included an analysis to identify economic vocations, objectives and strategies that can be implemented with programs and projects. The proposed strategies aim to solve four fundamental problems in the district: unemployment, poor quality and pertinence of the education system, low competitiveness of key sectors of the local economy, and scarce citizen participation. Our conclusions reveal the importance of actual participation of the community in the creation of development strategies that are in line with the interests and needs of different local stakeholders.

Keywords: endogenous economic growth. local stakeholders. citizen participation. local development strategies.
The mediterranean diet: culture and its impact on consumer habits in barcelona restaurants

The mediterranean diet: culture and its impact on consumer habits in barcelona restaurants

Authors: Javier Sanchez-Torres, Francisco-Javier Arroyo-Cañada, Maria-Lluisa Sole-Moro, Ana Argila-Irurita
Year: 2017, Volume: 3, Number: 6
Revista CEA 2019/Nov/09
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Abstract

This article studies the importance of the Mediterranean diet in the menus of restaurants in the city of Barcelona. It is based on a review of previous studies about the great influence of the Mediterranean culture on daily aspects such as food. A qualitative study was conducted and a sample of experts—head chefs at restaurants in Barcelona—was selected. The results show that the Mediterranean diet is positioned in the minds of their customers; therefore, all the decisions related to the purchase of products and the planning of menus and dishes are made following the guidelines of the Mediterranean diet. This study is an important contribution to the research field of culture in consumption habits, because it confirms that the Mediterranean diet still is strongly preferred over new foods, dishes and foreign menus. The habits of consumers remain true to their culinary traditions.

Keywords: mediterranean diet. Barcelona. culture. consumption.
Factors involved in the adoption of free software by SMEs in Medellín

Factors involved in the adoption of free software by SMEs in Medellín

Authors: Jorge Andres Moreno-Agudelo, Jhoany Alejandro Valencia-Arias
Year: 2017, Volume: 3, Number: 6
Revista CEA 2019/Nov/09
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Abstract

In emerging economies, open source software brings SMEs benefits such as purchase cost savings, source code modification, vendor independence, higher quality and more secure software. The objective of this article is to identify the factors that drive adopters and non-adopters of free software and develop strategies that encourage its adoption at SMEs in Medellín by means of interviews with CEOs and IT department directors. One of the conclusions is that the technological culture of the organization and its infrastructure are factors that determine the ease of use. Besides, software quality is a decisive element in the perception of the usefulness of free software. Finally, both government support and the availability of ICT-trained personnel are factors that influence the attitude of a company towards the usage of these free technologies.

Keywords: free software, free software in SMEs. technology acceptance model. free software adoption. open source software.
Result research on surgeons in the measurement equipment of the paint process of the Renault Sofasa company, applying the Kaizen methodology

Result research on surgeons in the measurement equipment of the paint process of the Renault Sofasa company, applying the Kaizen methodology

Authors: Diego Alejandro Henao-Cárdenas, German Alberto Cano-Ortiz, Jairo Alonso Palacio-Morales
Year: 2017, Volume: 3, Number: 6
Revista CEA 2019/Nov/09
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Abstract

This article presents the results of the investigation into the factors that affect the removal of the measuring equipment from the painting process of the Colombian company assembling Renault Sofasa vehicles. Using methods such as the Kaizen and the metrological assurance system (SAM), a diagnosis is made to determine the economic loss generated by the overcharges caused by measuring equipment at critical stages of the production process. The results obtained through this research will serve as a basis for the company to develop relevant solutions, using this information as a tool to mitigate the cost overruns generated in the production department. The results obtained suggest the importance of having an adequate method to control and improve the processes, not only in the automotive industry but also in all economic sectors that use measuring equipment and that these are linked to the critical variables of control and the elaboration of the products.

Keywords: costs. metrological system. continuous improvement Kaizen.
Models and methodologies for credit scoring in personal banking: A literature review

Models and methodologies for credit scoring in personal banking: A literature review

Authors: David Esteban RodrIguez-Guevara, Jairo Alfonso Becerra-Arévalo, Daniel Cardona-Valencia
Year: 2017, Volume: 3, Number: 5
Revista CEA 2019/Nov/09
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Abstract

This paper provides a literature review on risk scoring models for credit granting in personal banking. The methods by Abdou & Pointon (2011), Glennon, Kiefer, Larson, & Choi (2008), and Saavedra-García (2010) are considered. The aim is to create a sorting scheme to explain the multiple mathematical and econometrical models used for credit scoring and to produce an up-to-date list supported by scholars and experts in the field.

Keywords: discriminant analysis. credit score. parametric models. non-parametric models. semiparametric models.
Foreign exchange risk management of importexport companies in Oaxaca and Mexico City in contingency environments

Foreign exchange risk management of importexport companies in Oaxaca and Mexico City in contingency environments

Authors: Araceli Hernandez-Jimenez
Year: 2018, Volume: 4, Number: 7
Revista CEA 2019/Nov/09
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Abstract

Compared to companies that do not market products abroad, import export businesses face an additional risk: foreign exchange volatility. This work analyzes the features that distinguish the management strategies of highly profitable companies that conduct international businesses in Oaxaca and Mexico City in contingency environments—the 2014-2016 foreign exchange risk—from low-profit ones. According to the contingency theory, the former use different mechanisms to adapt to changes in the environment. Logistic Regression (LR) was used to classify companies with profits above20%based on their management features. To characterize the management style, 23 explanatory variables were employed; they dealt with aspects related to the administrator and the cover schemes. The results revealed that only 4, out of those 23, were statistically significant for companies to achieve high profit margins and the use of derivative instruments stood out as a decisive factor.

Keywords: Foreign exchange risk. derivative instruments. contingency theory.
Analysis of the relationship between habits and acceptance of the 9’s as a competitiveness factor in manufacturing SMEs in Aguascalientes

Analysis of the relationship between habits and acceptance of the 9’s as a competitiveness factor in manufacturing SMEs in Aguascalientes

Authors: Octavio Hernandez-Castorena, Monica Colín-Salgado, Noe Velasquez-Espinosa
Year: 2018, Volume: 4, Number: 7
Revista CEA 2019/Nov/09
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Abstract

This study presents the experimental stage of the analysis of habits and acceptance aided by an evaluation tool and based on each element of the theory proposed by Covey on how an employee at a manufacturing SME accepts the Japanese philosophy 9’s without hassle. An interview was applied to 8 manufacturing SMEs in Aguascalientes, Mexico, from February to April 2015. Two hundred employees at the same organizational level were randomly selected. This work adopted a quantitative correlational approach that includes descriptive analyses of the mean. Additionally, the reliability was analyzed by considering Cronbach’s alpha and a regression analysis using SPSS software version 19. The results suggest that the personnel at this type of companies tends to be proactive, synergic, can prioritize and understands instructions as soon as they are provided. They are also analytic and consider that a win-win situation is more beneficial than detrimental to the operational dynamics of the company.

Keywords: Japanese philosophy 9's. Development of habits. Manufacturing SMEs. Organizational Culture.
Cultural differences in Mexican-German companies analyzed using Hofstede’s model

Cultural differences in Mexican-German companies analyzed using Hofstede’s model

Authors: Franziska Tengler, Diana del Consuelo Caldera-González
Year: 2018, Volume: 4, Number: 7
Revista CEA 2019/Nov/09
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Abstract

Current commercial relationships between Mexico and Germany are stronger because said Latin American country is the only case of a Free Trade Agreement with that European counterpart. The objective of this work is to analyze Geert Hofstede’s cultural modeland explain the similarities and differences between Mexican and German organizations, which enables to successfully manage human talent in multicultural environments. Such model was adopted as it is one of the most widely-known cultural approaches in intercultural research, and this documentary study took a descriptive approach. The conclusions highlight the fact that these cultures only coincide in two of the dimensions proposed by Hofstede: masculinity and uncertainty avoidance. Besides, Germany was found to have short power distance and long-term orientation. In turn, Mexico presented a long power distance and short-term orientation. Furthermore, individualism and restriction dominate German organizations, while collectivism and indulgence stand out in Mexican companies. These differences must be considered when successful human talent management in the Mexican-German context is the goal.

Keywords: multiculturality. eadership. human talent. Mexico. Germany.
Evaluation of internal control in the treasury process at small and medium-sized companies in Medellin

Evaluation of internal control in the treasury process at small and medium-sized companies in Medellin

Authors: Daniel Alberto Grajales-Gaviria, Orlando Carmelo Castellanos-Polo
Year: 2018, Volume: 4, Number: 7
Revista CEA 2019/Nov/09
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Abstract

An evaluation of the departments of companies reveals that the most susceptible to fraud is corporate treasury. For that reason, this work proposes to evaluate the internal control structure, specially the transaction cycle of the treasury process at smalland medium-sized enterprises by means of a representative sample in the Municipality of Medellín. This review will enable to identify weaknesses in the processes and provide improvement alternatives to ensure efficacy, efficiency, effectiveness and economy in corporate management. The scope of this research is based on the components of the COSO internal control model, which will be the modular approach for the assessment of the treasury process. This studyanalyses several processes: Accounts payable, Accounts receivable, Cash collection, and Obligation payment. The results will enable to identify the main deficiencies in the treasury process regarding internal control mechanisms established by small and medium-sized enterprises in Medellín.

Keywords: process. internal control. risks. treasury cycle. auditing.
Analysis of human talent models applied at SMEs

Analysis of human talent models applied at SMEs

Authors: Jorge Ariel Franco-López, Janneth Bedoya-Zapata
Year: 2018, Volume: 4, Number: 7
Revista CEA 2019/Nov/09
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Abstract

Organizations comprise a key aspect that administrators should deal with on a daily basis: human talent. It is fundamental and promotes loyalty, growth, and social and financial profitability. This qualitative research addressed the question “What situations do SMEs face regarding human talent?” For that purpose, six human talent models and a strategy enhanced the theoretical approach. The method adopted a categorical system based on two study variables: exogenous with two subcategories and endogenous with two other subcategories. The instrument to collect information comprised ten structured interviews conducted at organizations in Medellín. The data were analyzed with the software Atlas ti version 7.5.10. By means of a hermeneutic analysis, it was concluded that the organizations under study lack human resource management, a task supported exclusively by the management. Such organizations only require employees with operational skills and recruitment is based on referrals. Besides, incipient training processes and no education or promotion plans were found.

Keywords: Personnel management. human resources. human talent.
Organizational Learning (OL) and business performance adoptingthe approach of dynamic learning capabilities

Organizational Learning (OL) and business performance adoptingthe approach of dynamic learning capabilities

Authors: Julio Albeiro Londoño-Patiño, Carlos Alberto Acevedo-Álvarez
Year: 2018, Volume: 4, Number: 7
Revista CEA 2019/Nov/09
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Abstract

This work aims at presenting a reflection on the relationship between organizational learning and performance adopting the approach of dynamic learning capabilities. It considers different typologies that have been proposed in diverse studies to classify organizational learning by collective scope or individual level. Based on such typologies, the factors that affect the development of organizational learning are selected. This enabled to find the reasons why organizations should view learning as a platformfor competitiveness and permanence over time. It is also a measure to ensure maintainability in dynamic and ever-changing environments. Regarding the method, a descriptive literature review of specific time periods was conducted to link OL, dynamic learning capabilities and performance. It used concepts related to the learning organization as a reference. In addition, it was based on the type of organizational learning and the (individual and collective) surrounding environment. Some considerations on organizational learning and business performance highlight the importance of OL for the approach of dynamic learning capabilities and its influence on performance. Finally, the significance of OL in business competitiveness was demonstrated at different levels and structures.

Keywords: Organizational learning. business performance. dynamic capabilities.
What are female SMEs leaders like? Applied study in Costa Rica

What are female SMEs leaders like? Applied study in Costa Rica

Authors: Marcela Rodríguez-Jiménez, Juan Carlos Leiva, Carmen Castrejón-Mata
Year: 2017, Volume: 3, Number: 5
Revista CEA 2019/Nov/09
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Abstract

This study is an analysis of the characteristics of Costar Rican female entrepreneurs and their businesses. The aim is to provide insight and make proposals to support this economic sector. The method involves a quantitative approach based on the data in the second national report by the Observatory of Costa Rican SMEs. It also includes a qualitative approach: Key Informant Interviews. The results show that women start businesses between 35 and 49 years of age, mainly motivated by the idea of independence. Most of them have higher educational level and most of their businesses are conducted in the service sector. Their market share in the formal SMEs in the country is 16.98%. The main challenges they face are leadership and empowerment, as well as their roles in society. The authors recommend the implementation of educational programs that promote empowerment and businesses development support programs.

Keywords: entrepreneurs. SMEs. women. Costa Rica. female entrepreneurial spirit.
Impact of safeguards on foreign trade. Study case: Mexico-Ecuador appliancemanufacturing Company

Impact of safeguards on foreign trade. Study case: Mexico-Ecuador appliancemanufacturing Company

Authors:
Year: 2017, Volume: 3, Number: 5
Revista CEA 2019/Nov/09
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Abstract

Mexico's foreign trade is among the first worldwide. In 2013, it was the tenth exporter and ninth importer around the globe, and it took the first position in both categories among Latin American and Caribbean countries. Tariffs such as safeguards protect specific sectors and temporarily restrict imports of identical, similar or directly competitive to domestic goods to prevent or repair some damage and enable the adaptation of domestic manufacturers. The objective of this research is to establish the impact of the safeguards imposed by theEcuadorian government from the perspective of a Mexican export company and its positions in the market. Said surtax was applied to the importation of electrical appliances in March 2015. The results show the effects of this protectionist measure and the negative implications for Mexican exporters by analyzing the financial situation before and after its enforcement. Sales behavior, cost of tariffs and the relationship between them are described.

Keywords: Ecuador. international trade. Mexico. safeguards.
Managing a Community of Practice. Case study: infrastructure incidents at two SMEs in Medellín, Colombia

Managing a Community of Practice. Case study: infrastructure incidents at two SMEs in Medellín, Colombia

Authors:
Year: 2017, Volume: 3, Number: 5
Revista CEA 2019/Nov/09
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Abstract

Big and small companies daily produce large amounts of information, relevant and irrelevant data of all kinds; but they ignore the enormous potential in it. This work presents the results of an information management strategy in a Community of Practice (CoP) that employs a monitoring system whose input is the basic information regarding equipment and incidents at two companies that import and commercialize chemical products in the South of Aburrá Valley. This work was intended to collect missing information on the characteristics of the technology used in this business environment and the most common incidents and failures, among others. A community of practice stored the information provided by the monitoring system and the data were managed by supplying the necessary criteria for administering failures, diagnoses, preventive and corrective maintenance plans, and so on, based on real reports and incidents by companies in said community. The information that was collected and managed by the community of practice will in turn be analyzed and used for future studies and corporate decision-making.

Keywords: communities of practice. monitoring systems. technological infrastructure. business intelligence. knowledge management.

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