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Full-Text Articles in Engineering
Planning For Change In The Electric Power Industry: A Primer For Transactive Energy Scenario Development, Joshua Binus
Planning For Change In The Electric Power Industry: A Primer For Transactive Energy Scenario Development, Joshua Binus
Engineering and Technology Management Faculty Publications and Presentations
The electric power industry and its associated infrastructures (a.k.a. "the grid") are evolving from centrally planned, organized, and operated networks of players, technologies, and resources to systems of systems that are increasingly digitized and distributed in their operation and innovative capacity. Subsequently, strategic planners and technology managers associated with the electric power industry are faced with a range of scenarios to evaluate, including one that considers the emergence of commercialized transactive energy systems in the coming ten-year time horizon. The crafting of a transactive energy scenario can help inform technology innovation and management efforts that benefit consumers, electricity providers, and …
Managing Technology In Financial Innovation, Frederick Betz
Managing Technology In Financial Innovation, Frederick Betz
Engineering and Technology Management Faculty Publications and Presentations
The topic of managing technology had traditionally focused upon the manufacturing industries; but the service industries grew to become a major sector of industry and commerce. We examine how to manage technology in the financial commercial sector. What is innovation in the financial sector? How does innovation occur in the financial sector? What are the criteria of technology safety in financial innovations? Why did financial innovation contribute to financial instabilities, such as the Global Financial Crisis of 2007-08? Why had governmental agencies failed to properly regulate the financial sector for safety? How did U.S. government financial agencies handle that financial …
Developing Strategic Decision Making Process For Product And Service Planning, Yonghee Cho
Developing Strategic Decision Making Process For Product And Service Planning, Yonghee Cho
Engineering and Technology Management Faculty Publications and Presentations
It is imperative to forecast advanced or emerging technologies to aid in decision making on firm's R&D investments and business plan for commercialization efforts. Even though a company must align R&D planning with overall business planning such as manufacturing, sales and marketing, personnel, and finance, systematic management approaches are limited in it based upon the prediction of technological change and speed. This paper aims to provide a decision support tool to aid in strategic service planning and technology development in a firm. The study is to enhance strategic development of service and product with the consideration of emerging technologies. This …