Bala Balachandran

Balachandran, Bala and Swapan K Chaudhuri. 1999. Growth Strategies Creating Shareholder Value. Indian Accounting Review. 3(1): 1-17.

The corporate history is abound with cases to show how companies embark on rapid sales growth, report happy bottom line and earning per share, and then experience perils of growth. History also suggests that not all growth companies with long-term payoffs are rewarded in the stock market. Over the last one decade or so, academicians and professionals have therefore put more emphasis on value creation for shareholders in crafting the business strategies. No matter what growth strategies are pursued by the companies, they must pass through the benchmark of shareholder value creation. What does constitute shareholder value? How does often growth lead to destruction of shareholder value? What are the key value drivers to be analysed in evaluating alternative growth strategies? This paper presents a comprehensive value creation model to address these questions. Besides, a set of propositions are being derived from this model and their practical implications to strategy formulation discussed.

Balachandran, Bala. 1976. Optimal Facility Location Under Random Demand with General Cost Structure. Naval Research Logistics Quarterly. 23(3): 421-436.

This paper investigates the problem of determining the optimal location of plants, and their respective production and distribution levels, in order to meet demand at a finite number of centers. The possible locations of plants are restricted to a finite set of sites, and the demands are allowed to be random. The cost structure of operating a plant is dependent on its location and is assumed to be a piecewise linear function of the production level, though not necessarily concave or convex. The paper is organized in three parts. In the first part, a branch and bound procedure for the general piecewise linear cost problem is presented, assuming that the demand is known. In the second part, a solution procedure is presented for the case when the demand is random, assuming a linear cost of production. Finally, in the third part, a solution procedure is presented for the general problem utilizing the results of the earlier parts. Certain extensions, such as capacity expansion or reduction at existing plants, and geopolitical configuration constraints can be easily incorporated within this framework.

Balachandran, Bala. 1975. An operator theory of parametric programming for the generalized transportation problem-III-weight operators. Naval Research Logistics Quarterly. 22(2): 297-316.

This paper investigates the effect on the optimum solution of a capacitated generalized transportation problem when any coefficient of any row constraint is continuously varied as a linear function of a single parameter. The entire analysis is divided into three parts. Results are derived relative to the cases when the coefficient under consideration is associated, to a cell where the optimal solution in that cell attains its lower bound or its upper bound. The discussion relative to the case when the coefficient under consideration is associated to a cell in the optimal basis is given in two parts. The first part deals with the primal changes of the optimal solution while the second part is concerned with the dual changes. It is shown that the optimal cost varies in a nonlinear fashion when the coefficient changes linearly in certain cases. The discussion in this paper is limited to basis-preserving operators for which the changes in the data are such that the optimum bases are preserved. Relevant algorithms and illustrations are provided throughout the paper.