-
作者:SINHA, DK; CUSUMANO, MA
作者单位:Massachusetts Institute of Technology (MIT)
摘要:We present a model of research joint ventures in which if firms have highly complementary skills and resources then they prefer to cooperate in areas where the technology is highly appropriable, as in applied research. The model also indicates that large firms have a greater incentive to cooperate because they are better positioned to capture the benefits of a research venture. These findings seem to explain why cooperative research among rival firms in Japan has been applied rather than basic...
-
作者:KEEFER, DL
摘要:Bidding for offshore U.S. oil and gas leases is a major corporate resource allocation problem involving enormous uncertainties and very high stakes. This paper presents two new, operationally useful decision analysis models to aid in bidding for oil and gas leases. They are unique in that they consider risk aversion and probabilistic dependence among the values of the leases, with both bid levels and partnership shares as (continuous) decision variables. They are suitable for use in evaluating...
-
作者:NELSON, RD; POPE, RD
摘要:Bootstrapping a very versatile statistical technique, significantly amplifies the understanding and success of empirical applications of stochastic dominance. Its ability to calculate the standard deviations of order statistics reveals the uncertainty of the critical estimates of the tails of cumulative density functions. Understanding this uncertainty reveals why a wide variety of tail shapes all cause a notable loss in power for stochastic dominance tests. Simulations show that the smoothing...
-
作者:YANO, CA; RACHAMADUGU, R
作者单位:University of Michigan System; University of Michigan
摘要:We address the problem of sequencing jobs, each of which is characterized by one of a large number of possible combinations of customer-specified options, on a paced assembly line. These problems arise frequently in the automotive industry. One job must be launched into the system at equal time intervals, where the time interval (or cycle time) is prespecified. The problem is to sequence the jobs to maximize the total amount of work completed, or equivalently, to minimize the total amount of i...
-
作者:SRINIVASAN, K
摘要:A low-cost incumbent may limit price to informatively signal her cost to an uncertain potential entrant, and therefore deter entry. We enrich this model by investigating the strategic pricing behavior of the incumbent when she operates in multiple markets. We demonstrate that the low-cost incumbent's ability to separate from a ghost high-cost type is enhanced when she combines her signalling effort across markets, instead of independent signalling in each market. we show that, in the combined ...
-
作者:ELIASHBERG, J; STEINBERG, R
作者单位:AT&T; Nokia Corporation; Nokia Bell Labs
摘要:We model joint production-marketing strategies for two firms with asymmetric production cost structures in competition. The first firm, called the Production-smoother, faces a convex production cost and a linear inventory holding cost. The second firm, called the Order-taker, faces a linear production cost and holds no inventory. Each firm is assumed to vary continuously over time both its production rate and its price in view of an unstable surge pattern of demand. The underlying theoretical ...
-
作者:OVIATT, BM; BAUERSCHMIDT, AD
作者单位:University of South Carolina System; University of South Carolina Columbia
摘要:Bowman (1980) found an unexpected and paradoxical negative relationship between risk and return in many firms, and, for about a decade, various researchers have attempted to explain the paradox. This article summarizes some of those explanations, and shows that industry conditions and business strategies are likely to influence both risk and return. The relationships are depicted in a simultaneous model where business return, risk, and debt are endogenously determined. The model is tested with...
-
作者:BROMILEY, P
摘要:In general the problem is that the computed mean-variance relationship for a period of time cannot be identified in distinction to the effects of shifts in the relationship over time-without additional information or assumptions. Thus, using a mean-variance approach to risk-return relationships means that statements about the nature of the mean-variance association cannot be confirmed in a nontrival fashion within the empirical system nor generalized to any other time period-including subperio...
-
作者:ZAJAC, EJ; GOLDEN, BR; SHORTELL, SM
作者单位:University of Texas System; University of Texas Austin
摘要:Organizations have increasingly turned to alternative organizational forms such as joint ventures and internal corporate ventures to enhance innovation. The present study examines the use of a similar, newly-developing organizational form for purposes of innovation; namely, the internal corporate joint venture (ICJV), which has characteristics of both traditional joint ventures and internal corporate venturing. This study presents an industry-specific analysis of innovation across 53 ICJV's (h...
-
作者:INMAN, RR; BULFIN, RL
作者单位:Auburn University System; Auburn University
摘要:We provide a new formulation and solution procedure to sequence a mixed model just-in-time (JIT) assembly system. Mixed model JIT assembly systems are a fundamental part of the well-known Toyota Production System. The underlying idea in sequencing these systems is to maintain a constant usage rate of all parts on the line. We give a polynomial algorithm to determine the optimal sequence for an objective function that is mathematically different, but intuitively similar to the objective functio...