Showing 1 - 10 of 16
organizational performance--are inevitable. Our computational experiments show that delays increase learning complexity and … performance heterogeneity through two mechanisms. First, complexity of state-space and, therefore, of learning grows exponentially … overcoming temporal complexity and the impact of initial cognitive maps are discussed. …
Persistent link: https://www.econbiz.de/10009209352
This paper is concerned with the general dynamic lot size model, or (generalized) Wagner-Whitin model. Let n denote the number of periods into which the planning horizon is divided. We describe a simple forward algorithm which solves the general model in 0(n log n) time and 0(n) space, as...
Persistent link: https://www.econbiz.de/10009214677
proposed, informally, that the complexity of a successful business strategy can deter imitation of the strategy. This paper … explores this proposition rigorously. A simple model is developed that parametrizes the two aspects of strategic complexity …-based and game-theoretic barriers to imitation altogether. The model is used to show that complexity makes the search for an …
Persistent link: https://www.econbiz.de/10009214939
of the world. Interactions among actions and states of the world determine the complexity of the payoff function …, and complexity in terms of information adequacy. We identify three fundamental project management strategies … on the type of uncertainty present and the complexity of the project payoff function. Our model establishes a rigorous …
Persistent link: https://www.econbiz.de/10009218008
Past research in new product development (NPD) has conceptualized prototyping as a "design-build-test-analyze" cycle to emphasize the importance of the analysis of test results in guiding the decisions made during the experimentation process. New product designs often involve complex...
Persistent link: https://www.econbiz.de/10009218119
used by decision makers and how these tactics and complexity influenced success. Evaluation tactics that relied upon … subjective, judgmental, bargaining, and analytical inferences were uncovered from 317 strategic decisions. The complexity of … different levels of complexity are discussed. …
Persistent link: https://www.econbiz.de/10009218194
The literature on network effects has popularized a hypothesis that competition between incompatible technologies results in the "winner-take-all" outcome. For the survival of the firm in this sort of competition, the installed base has been emphasized. We argue that the validity of this...
Persistent link: https://www.econbiz.de/10009203836
Organizations engage in search whenever they perform nonroutine tasks, such as the definition and validation of a new strategy, the acquisition of new capabilities, or new product development. Previous work on search and organizational hierarchy has discovered that a hierarchy with a central...
Persistent link: https://www.econbiz.de/10009208829
interactions (problem complexity). In cross-functional problems, the brainstorming group exploits the competence diversity of its …
Persistent link: https://www.econbiz.de/10009208836
We conceptualize strategic decision-making processes within a manufacturing firm as streams of resources allocated to short- and long-term changes. The analogous ecological model, referred to as the Lotka-Volterra model, captures this dynamic tension between decisions made by the firm and its...
Persistent link: https://www.econbiz.de/10009191460