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Full-Text Articles in Business
Entrepreneurial Hunger—Shall We Try Chinese?, Joseph E. Levangie
Entrepreneurial Hunger—Shall We Try Chinese?, Joseph E. Levangie
New England Journal of Entrepreneurship
Many entrepreneurs are able to manage their businesses within relatively contained and familiar geographical and cultural circles. With a world economy shrinking every day amid a flood of digital information, today’s entrepreneur is increasingly confronted with opportunities to consider new ways to secure vendors and recruit customers. Many unfamiliar possibilities emerge. Should the entrepreneur venture beyond “comfortable” surroundings to consider international connections? Specifically, what about China? How practical is this fetching business temptation of larger markets and lower-cost subcontractors? What are the social, trade, financial, and political issues? Should a “China strategy” be a true entrepreneurial offensive, or rather a …
The Impact Of Increasing User Expectations On Machine Replacement, Robert F. Marsh, Seong-Hyun Nam
The Impact Of Increasing User Expectations On Machine Replacement, Robert F. Marsh, Seong-Hyun Nam
WCBT Faculty Publications
This study explores the traditional equipment maintain or replace decision under scenarios of increasing customer expectations, loss due to process deviation, and process drift. Customer expectations are operationalized by tighter product specifications. The Taguchi loss function is employed to estimate the loss due to target deviation. In this paper we characterize the machine drift, uncertainty about future technological change, and the learn-and-break-in process by a generalized Brownian-Motion-Ito-Process. The photolithography process is analyzed in numerous scenarios varying demand, rejection levels, and quality losses.