Firms achieve their competitive advantage quickly through the concept framework of open innovation by integrating external inspiration with internal endowment when facing hyper-competition in the digital era. This paper deploys open innovation into building platform blocks by modular operators....

In the ultra-high temperature (UHT) milk category, parent brands introduce line extensions as innovative product designs to address the competitiveness in the market. However, not knowing if consumers will purchase the product results in uncertainty for the product design and marketing team....

The design and development processes are full of decisions. Ranging from simple and straightforward to complex and elaborated. These decisions are taken by individuals that constantly rely on their intuition and heuristics to support their decision-making processes. Although heuristics tend to...

In many markets, firms make their products complex through add-on features, thus making them difficult to evaluate and compare. Does this product obfuscation lure buyers into buying overpriced products, and if so, why does competition not eliminate this practice? More generally, under which...

The application of mass customization in the food industry requires an appropriate system design to meet the customers' needs and wants. One of the systems is the modularization concept for product design. The application of the modularization concept will impact manufacturing systems. Modular...

Achieving high productivity growth is a central goal of policymaking, given that productivity (growth) impacts not only key macroeconomic variables, but also a country's living standards. Central banks have an intrinsic interest in promoting productivity growth because of its interaction with...

Blockchain platform with a native utility token have played an integral part in the blockchain industry's success over the last few years. Typically, the platform's tokens (i) allow users to access the platform's services and (ii) are paid out to validators for participating in the underlying...

We analyze alternative policies such as a disposal content fee, a subsidy for recyclable designs, unit pricing of household disposal, a deposit-refund system, and a manufacturer `take-back' requirement. In order to identify the problem being addressed, we build a simple general equilibrium model...

Lightweight design is regarded as a technological approach to engineer products in a more energy and material efficient- and, therefore, resource-saving way. In this sense, high-tech multi-materials, also referred to as composites, have become very popular for many decades due to their...

Technology and design are increasingly recognized as important drivers of social innovation (SI). While new-age technologies can disrupt the realm of social innovation through resource-efficient solutions and multiple outcome benefits, the appliction of design thinking approaches and techniques...

In recent years, there has been an increasing interest in using design thinking for business model innovation. However, few studies have explored the application, potential and challenges of design thinking from a comprehensive perspective. In order to better understand how design thinking can...

Due to the low demand for conventional annuities, alternative retirement products are sought. Quite recently, tontines have been frequently brought up as a promising option in this respect. Inspired by unit-linked life insurance and retirement products, we introduce unit-linked tontines in this...

The purpose of this chapter is to understand how technology contributed to the emergence and evolution of modular production networks between 1980 and the present. In a modular production network, the activities needed to create a functioning system (for example, a personal computer) are...

Cycloaddition of CO2 into epoxides (CCE) reaction was the few chemical processes viable commercially in valorizations of carbon dioxide. The produced cyclic carbonate was valuable in electrolyte of lithium batteries and so on, however, halide anion was monopoly as cocatalyst in catalytic CCE...

This work builds and tests a vertical product differentiation duopoly model, where firms first choose quality and then choose prices, in the lab. We consider both the case in which production costs are unaffected by the quality of the good produced and the case in which production costs increase...

Ticket sales remain a significant source of revenue in professional team sports. However, season ticket revenue, as an effective risk-reducing instrument, is rarely analyzed in the literature. This study aims to determine, from a price and product perspective, the extent to which different...

Previous studies have documented the decisive impact of various product design factors on consumers’ attitudes and decisions. However, research is missing on the impact of visual complexity. Using four studies that consider wine and perfume products, the present research manipulated visual...

Chapter 1 addresses the question, “What values do we encode and reproduce in the objects and systems that we design?” It argues that, currently, the values of white supremacist heteropatriarchy, capitalism, ableism, and settler colonialism are too often reproduced in the affordances and...

Chapter 1. Trends of Emerging Technologies in the Fashion Product Design and Development Process (Young-A Lee) -- Chapter 2. Material Innovation with Technologies (Huantian Cao) -- Chapter 3. Wearable Technology in Fashion (Sumin Koo and Youngjin Chae) -- Chapter 4. 3D Printing and Additive...