Posted on Jan. 31: Business appoints Wayne C. Fox Chair

Yufei Yuan has been appointed the Wayne C. Fox Chair in Business Innovation. The professor of information systems in the Michael G. DeGroote School of Business is internationally recognized for his contributions in eBusiness and in the general area of business innovation. Yuan received his Ph.D. in computer information systems from The University of Michigan and B.S. in mathematics from Fudan University in China. His research interests are in the areas of mobile commerce, Web-based negotiation support system, business model of electronic commerce, approximate reasoning with fuzzy logic, matching problem, and decision support in health care. He has published more than 40 papers in professional journals such as the International Journal of Electronic Markets, Internet research, International Journal of Mobile Communication, Fuzzy Sets and Systems, European Journal of Operational Research, Management Sciences, Decision Sciences, Academic Medicine, Medical Decision Making, International Journal of Human-Computer Systems, Human Systems Management, among others. He is vice-president secretary of the Association of Chinese Management Educators and editorial board member for International Journal of Mobile Communication. Currently, Yuan is involved in Social Sciences and Humanities Research Council's Initiatives on New Economy and an Ontario Research Networks for Electronic Commerce project and serves as the member of advisory board for the Master eBusiness Research Center. His name is listed in Who's Who in Canadian Business. Photo caption: Provost and vice-president academic Ken Norrie, left, and Vishwanath Baba, dean of the Faculty of Business, congratulate Yufei Yuan at a reception held to celebrate his appointment to the Wayne C. Fox Chair.

Read More

Posted on Jan. 30: Business brainchild incubates at McMaster

Many pipe dreams are born over pints of beer, but McMaster business students Daniel Priljeva and Constantinos Coursaris were convinced their brainchild to create a revolutionary inventory tracking system for companies, was much more than empty bar talk. A $1,000 start-up award from the Michael G. DeGroote School of Business' CampusIncubator Business Plan Challenge, is their proof. "It's the classic story starting with friends hanging out at a bar," quips project team leader Priljeva, "and someone mentioned an idea he had for selling tracking hardware and software components of companies. Winning the start-up award was confirmation that it's not only a pipe dream." Called Mission84 Networks, the seed company is developing an advanced version of an inventory tracking network (ITN). With the ITN, firms can track any item and its movement, inventory count and location with a newly enabled technology all in a true real-time setting. "But the most exciting features of this product are its exceptional capacity and seamless integration, and signs are pointing toward the ITN as being the first of like technologies to will be viable for retail settings," says Priljeva. "Imagine knowing with 100 per cent accuracy, the true inventory balance and location of every item in a warehouse and being able to plan production and sales based on this knowledge. The efficiencies at hand create real economic gains and provide visibility across the supply chain."

Read More