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Active Nonlinear Tests (ANTs) of Complex Simulation Models

Miller, John H. - In: Management Science 44 (1998) 6, pp. 820-830

Simulation models are becoming increasingly common in the analysis of critical scientific, policy, and management issues. Such models provide a way to analyze complex systems characterized by both large parameter spaces and nonlinear interactions. Unfortunately, these same characteristics make...

Persistent link: https://www.econbiz.de/10009214825

Retail Channel Structure Impact on Strategic Engineering Product Design

Williams, Nathan; Kannan, P. K.; Azarm, Shapour - In: Management Science 57 (2011) 5, pp. 897-914

We examine, in a strategic setting, the broad issue of how retail channel structures--retail monopoly versus retail duopoly--impact a manufacturer's optimal new product design, both in terms of engineering design specifications as well as manufacturer and retailer profits. Our strategic...

Persistent link: https://www.econbiz.de/10009203733

Customer Targeting: A Neural Network Approach Guided by Genetic Algorithms

Kim, YongSeog; Street, W. Nick; Russell, Gary J.; … - In: Management Science 51 (2005) 2, pp. 264-276

One of the key problems in database marketing is the identification and profiling of households that are most likely to be interested in a particular product or service. Principal component analysis (PCA) of customer background information followed by logistic regression analysis of response...

Persistent link: https://www.econbiz.de/10009208669

Organizational Systematics: Taxonomic Lessons from Biology

McKelvey, Bill - In: Management Science 24 (1978) 13, pp. 1428-1440

discussed: (1) taxonomy, the development of a concept of organizational differences; (2) evolution, the tracing of the lineages …

Persistent link: https://www.econbiz.de/10009218152

Evolutionary Trajectories in Petroleum Firm R&D

Helfat, Constance E. - In: Management Science 40 (1994) 12, pp. 1720-1747

Tacit knowledge and cumulative learning underlie an evolutionary theory of business firm development and strategy. As …

Persistent link: https://www.econbiz.de/10009208751

Managerial Allocation of Time and Effort: The Effects of Interruptions

Seshadri, Sridhar; Shapira, Zur - In: Management Science 47 (2001) 5, pp. 647-662

Time is one of the more salient constraints on managerial behavior. This constraint may be very taxing in high-velocity environments where managers have to attend to many tasks simultaneously. Earlier work by Radner (1976) proposed models based on notions of the thermostat or "putting out fires"...

Persistent link: https://www.econbiz.de/10009214611

Satisficing Measures for Analysis of Risky Positions

Brown, David B.; Sim, Melvyn - In: Management Science 55 (2009) 1, pp. 71-84

and behavioral science. Amer. Econom. Rev. 49(3) 253-283), we call these measures satisficing measures and show that they … of satisficing measures that reward diversification. Finding optimal portfolios for such satisficing measures is … computationally tractable. Moreover, this class of satisficing measures has an ambiguity interpretation in terms of robust guarantees …

Persistent link: https://www.econbiz.de/10009204244

The Impact of Personal Experience on Behavior: Evidence from Video-Rental Fines

Haselhuhn, Michael P.; Pope, Devin G.; Schweitzer, … - In: Management Science 58 (2012) 1, pp. 52-61

Personal experience matters. In a field setting with longitudinal data, we disentangle the effects of learning new … learning new information, significantly boosts future compliance. We also show that experience with a large fine boosts …

Persistent link: https://www.econbiz.de/10010990441

Robust Portfolio Choice with Learning in the Framework of Regret: Single-Period Case

Lim, Andrew E. B.; Shanthikumar, J. George; Vahn, Gah-Yi - In: Management Science 58 (2012) 9, pp. 1732-1746

the prior distribution, and the learning model involves Bayesian updating of these Lagrange multipliers/prior. This …. These results show that regret is a natural means by which robust decision making and learning can be combined. <i …

Persistent link: https://www.econbiz.de/10010990462

Chasing a Moving Target: Exploitation and Exploration in Dynamic Environments

Posen, Hart E.; Levinthal, Daniel A. - In: Management Science 58 (2012) 3, pp. 587-601

A common justification for organizational change is that the circumstances in which the organization finds itself have changed, thereby eroding the value of utilizing existing knowledge. On the surface, the claim that organizations should adapt by generating new knowledge seems obvious and...

Persistent link: https://www.econbiz.de/10010990471