Showing 1 - 10 of 22
Tournaments of heterogeneous candidates can be thought of as probabilistic mechanisms that select high-quality agents. We quantify the efficiency of such selection by the likelihood of selecting the best player, here termed the "predictive power." We study three widely used tournament formats:...
Persistent link: https://www.econbiz.de/10009204632
A fundamental problem in managing product development is the optimal timing, frequency, and fidelity of sequential testing activities that are carried out to evaluate novel product concepts and designs. In this paper, we develop a mathematical model that treats testing as an activity that...
Persistent link: https://www.econbiz.de/10009214016
This paper considers the problem of optimally locating multi-activity facilities whose activity compositions are also to be determined. It is assumed that there are fixed costs associated both with establishing facilities and with including specific activities at the locations. This problem is...
Persistent link: https://www.econbiz.de/10009214114
While research on the cost effectiveness of standardization to date has focused on the impact of different degrees of standardization, it has paid insufficient attention to the process an organization uses to formulate and implement standardized procedures. Drawing on the organizational...
Persistent link: https://www.econbiz.de/10009214144
We investigate the epistemology of trust in social networks. We posit trust as a special epistemic state that depends on actors' beliefs about each others' beliefs as well as about states of the world. It offers new ideas and tools for representing the core elements of trust both within dyads...
Persistent link: https://www.econbiz.de/10009214258
Product design decisions substantially affect the cost and revenue drivers. A design configuration with commonality can … lower manufacturing cost. However, such a design may hinder the ability to extract price premiums through product … design configurations: unique, premium-common, and basic-common. Our model considers two distinct segments of consumers. Some …
Persistent link: https://www.econbiz.de/10009214470
What is the best way to design tournaments for status, in which individuals labor primarily for the esteem of their …
Persistent link: https://www.econbiz.de/10009191403
This paper reports data from a study that seeks to characterize the differences in design structure between complex … software products. We use design structure matrices (DSMs) to map dependencies between the elements of a design and define … purposeful managerial actions can have a significant impact in adapting a design's structure. This latter result is important …
Persistent link: https://www.econbiz.de/10009191782
Firms that build flexibility into their manufacturing system gain a competitive edge from their ability to efficiently produce a mid-variety of products at mid-volumes. In order to realize the competitive edge of flexible systems, manufacturing management has to deal effectively with the greater...
Persistent link: https://www.econbiz.de/10009197879
Past research has shown how outcomes in interorganizational relationships are influenced by the characteristics of the individual relationship in question. Focusing on relationships between suppliers and their organizational buyers, we augment this perspective by positing that relationship...
Persistent link: https://www.econbiz.de/10010990542