Industry 4.0 is changing business models and their ecosystems. While a few pioneers have started implementing subscription business models for industrial goods, a growing number of companies are observing these pilot projects and still contemplating whether to offer subscription business models....

Interorganisationalen Netzwerken wird nachgesagt, eine besonders flexible wirtschaftliche Organisationsform zu sein. Erst in jüngster Zeit belegen Studien, dass es auch in Netzwerken – bzw. allgemein in Interorganisationsbeziehungen – zu strukturellen Beharrungstendenzen kommt. Markus...

Markus Burger is Head of Risk Control at EnBW Trading GmbH, the trading unit of the third largest energy supply company in Germany. He leads the market risk measurement ream with responsibility for valuation and stochastic modelling as well as credit risk management. Previously, he was a analyst...

In this paper, we analyse the evolution of prices in deregulated electricity markets. We present a general model that simultaneously takes into account the following features: seasonal patterns, price spikes, mean reversion, price dependent volatilities and long term non-stationarity. We...