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visibility, it was believed we could achieve this goal in a very efficient and effective manner. The grand prize of $200K was …
Persistent link: https://www.econbiz.de/10009437104
This paper investigates the influence of enterprise systems implementation on operational performance. The work extends the literature on enterprise systems by focusing on changes in process dynamics as a source for ongoing firm-level performance improvement. A case discussion of Tristen...
Persistent link: https://www.econbiz.de/10009484512
indicate,with one exception, no meaningful differences in forecast accuracy between outlook forecastsand futures prices. The …
Persistent link: https://www.econbiz.de/10009443339
flexibility and model averaging consistently outperform Iowa outlook estimates at all forecast horizons. Evidence from the … encompassing tests, which are highly stringent tests of forecast performance, indicates that many price forecasts do provide … incremental information relative to Iowa. Simple combinations of these models and outlook forecasts are able to reduce forecast …
Persistent link: https://www.econbiz.de/10009443351
Commodity price uncertainty imposes large costs on society. On the macro level, it results in sudden and unexpected …. Accurate price forecasts have the potential to remove some of this uncertainty and allow for a more efficient distribution of … non-OECD countries, which suffer significantly more from commodity price uncertainty than their OECD counterparts. …
Persistent link: https://www.econbiz.de/10009474968
divergent information. We manipulate forecast ability so that two individuals are strong analysts and two are weak. In three …
Persistent link: https://www.econbiz.de/10009459094
two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing … data, support was found for the Bounded Rationality hypothesis; firms have less uncertainty about an acquisition … hypothesis; firms whose prior machines perform below aspiration levels seek more uncertainty in their subsequent acquisitions …
Persistent link: https://www.econbiz.de/10009438770
There are many situations in which individuals have a choice of whether or not to observe the eventual outcome. In these instances, individuals often prefer to avoid observing the outcome. The standard von Neumann-Morgenstern (vNM) Expected Utility model cannot accommodate these cases, since it...
Persistent link: https://www.econbiz.de/10009439041
. Facing uncertainty about customer types, the firm can gradually learn using observed service costs realized from recent …
Persistent link: https://www.econbiz.de/10009441181
degree of task uncertainty during inter-firm product development. Using successfully applied patents in automobile emission … knowledge base in component and architectural knowledge increased under higher task uncertainty respectively. This finding …
Persistent link: https://www.econbiz.de/10009441283