Open Access. Powered by Scholars. Published by Universities.®
- Keyword
Articles 1 - 2 of 2
Full-Text Articles in Business
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 …
The Mechanisms Of Information Integration In Experimental Prediction Markets, Richard Jolly, Martin Zwick, Wayne Wakeland, James Woods, Barry Anderson
The Mechanisms Of Information Integration In Experimental Prediction Markets, Richard Jolly, Martin Zwick, Wayne Wakeland, James Woods, Barry Anderson
Systems Science Faculty Publications and Presentations
The desire to understand the mechanisms of market information integration motivates this study. Experimental prediction markets are used in a large sample study and the results from the markets as well as individuals' actions are analyzed. By varying the presence and type of feedback the mechanisms of information collection and information aggregation were studied. Markets without feedback demonstrated information collection by outperforming the average of their participants. When feedback was introduced the inductive process of information aggregation was observed. This process was seen to simultaneously increase the amount of information assimilated, but also introduce information mirages which tend to decrease …