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The world is in global economic crisis where all exports and imports slow downed in the first two months of 2009. In Malaysia there was a 30% drop of Sarawak logs and timber products exports compared to the same period in 2008 (NST April 15, 2009). All the countries in the world witnessed a slow...
Persistent link: https://www.econbiz.de/10009144028
Tournaments of heterogeneous candidates can be thought of as probabilistic mechanisms that select high-quality agents. We quantify the efficiency of such selection by the likelihood of selecting the best player, here termed the "predictive power." We study three widely used tournament formats:...
Persistent link: https://www.econbiz.de/10009204632
any of them. A distributed database design problem is presented that involves the development of a global model, a …
Persistent link: https://www.econbiz.de/10009209734
A fundamental problem in managing product development is the optimal timing, frequency, and fidelity of sequential testing activities that are carried out to evaluate novel product concepts and designs. In this paper, we develop a mathematical model that treats testing as an activity that...
Persistent link: https://www.econbiz.de/10009214016
This paper considers the problem of optimally locating multi-activity facilities whose activity compositions are also to be determined. It is assumed that there are fixed costs associated both with establishing facilities and with including specific activities at the locations. This problem is...
Persistent link: https://www.econbiz.de/10009214114
While research on the cost effectiveness of standardization to date has focused on the impact of different degrees of standardization, it has paid insufficient attention to the process an organization uses to formulate and implement standardized procedures. Drawing on the organizational...
Persistent link: https://www.econbiz.de/10009214144
We investigate the epistemology of trust in social networks. We posit trust as a special epistemic state that depends on actors' beliefs about each others' beliefs as well as about states of the world. It offers new ideas and tools for representing the core elements of trust both within dyads...
Persistent link: https://www.econbiz.de/10009214258
Product design decisions substantially affect the cost and revenue drivers. A design configuration with commonality can … lower manufacturing cost. However, such a design may hinder the ability to extract price premiums through product … design configurations: unique, premium-common, and basic-common. Our model considers two distinct segments of consumers. Some …
Persistent link: https://www.econbiz.de/10009214470