Operations management in the information economy: Information products, processes, and chains

Information products provide agents with additional information that can be used to update actions. In many situations, access to such products can be quite limited. For instance, in epidemics, there tends to be a limited supply of medical testing kits, or tests. These tests are information products because their output of a positive or a negative answer informs individuals and authorities on the underlying state and the appropriate course of action. In this paper, using an analytical model, we show how the accuracy of a test in detecting the underlying state affects the demand for the information product differentially across heterogeneous agents. Correspondingly, the test accuracy can serve as a rationing device to ensure that the limited supply of information products is appropriately allocated to the heterogeneous agents. When test availability is low and the social planner is unable to allocate tests in a targeted manner to the agents, we find that moderately good tests can outperform perfect tests in terms of social outcome. This paper was accepted by Charles Corbett, operations management.

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Digital Business Solutions and the Network Environment of the Smart City Infrastructure

Scientific Research and Development Socio-Humanitarian Research and Technology ◽

10.12737/2306-1731-2021-10-1-21-28 ◽

2021 ◽

pp. 21-28

Author(s):

Petr Levchaev

Keyword(s):

Information And Communication Technologies ◽

Smart City ◽

Social Institutions ◽

Communication Technologies ◽

Practical Significance ◽

Network Environment ◽

Information Economy ◽

Modern Business ◽

Information And Communication ◽

Information Products

The purpose of the study is to develop theoretical positions, methodological approaches and practical aspects of the formation of a system of digital business solutions and the network environment of the smart city infrastructure. In accordance with the intended purpose it is supposed to solve a series of staged objectives, namely: to systematize the evolution of information and communication technologies; to identify the peculiarities of the network character of modern business and social institutions, as well as the peculiarities of the information economy and market information products and services; to substantiate the basic principles and laws of the functioning of economic entities in the information and digital economy. The practical significance of the research lies in the development of a system of digital business solutions and the network environment of the smart city infrastructure in the context of the possibilities of their synergy and singular development.

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INNOVATION-INFORMATION ECONOMY: POSTINDUSTRIALITY, GENERATIVITY, OPENNESS (the end)

Economy of Ukraine ◽

10.15407/economyukr.2018.04.018 ◽

2018 ◽

Vol 2018 (04) ◽

pp. 18-29

Author(s):

Viktor TARASEVYCH ◽

◽

Olena ZAVHORODNIA ◽

Keyword(s):

Global Economy ◽

Effective Means ◽

National Development ◽

Information Economy ◽

Creative Development ◽

Global Trends ◽

Postindustrial Economy ◽

Comprehensive Knowledge ◽

Information Products ◽

Knowledge Intensive

Actual problems of postindustrial innovation-information economy in the context of European choice of Ukraine under conditions of global transformations are being considered. The innovation-information economy is characterized as a leading component, source, generator and core of self-development of the postindustrial economy, progressive evolution of the national economy and society. First of all, it concerns neos innovations of substantive type and knowledge-intensive information as a form of representation of scientific knowledge, the effective means of directed updating and transformation of the ecogenes and economic genome of national economic actors, engine of their creative activity. Modern innovation-information revolution determines the objective character of the laws of scientific intellectualization and innovative informatization of economic activity. A unique innovation-generating role of knowledge and knowledge-intensive information is determined, in particular, by their substrate qualities, including: almost absolute metamorphism, indifference to carrier material, increased mobility, an ability to be subject to appropriation without proper alienation, an effective integrator of production factors and a catalyst for innovation capital formation, a moderator of the cyclic co-evolution of the basic components of the innovation-information economy. In reproductive economic processes, knowledge and knowledge-intensive information are represented directly as special essential forces of economic participants and in the form of innovation-information products (in non-market sphere of reproduction) or innovation-information goods (in market sphere of reproduction). These products and goods are carriers of the basic qualitative characteristics of knowledge and knowledge-intensive information, which allows them to be the leading “players” of the global economy. The creative potential of development inherent in the innovation-information economy can be realized only under conditions of its nationally oriented openness to the leading global trends and processes, in particular: (i) comprehensive knowledge-intensive informatization and computerization; (ii) active creative development of the economy and society; (iii) actualization of economic creativity and freedom; (iv) competitive cooperation and civilized struggle; (v) expansion of mobile and highly professional human capital. The innovation-information economy should become a powerful vanguard of the national development.

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Digital platforms in the modern world: Specifics and prospects

Economic Analysis Theory and Practice ◽

10.24891/ea.20.10.1818 ◽

2021 ◽

Vol 20 (10) ◽

pp. 1818-1832

Author(s):

Alla E. BROM ◽

Irina A. SAMOILOVA

Keyword(s):

Systems Approach ◽

Network Effect ◽

Methodological Principle ◽

Modern World ◽

Information Economy ◽

Relevant Market ◽

Digital Platforms ◽

Information Products ◽

Platforms And Ecosystems

Subject. The article considers the use of digital platforms and ecosystems, the analysis of their nature from the standpoint of marketing and its functions transformation. Objectives. We investigate possibilities of designing platforms and ecosystems based on existing information products as applied to the branches of the information economy. Methods. The study draws on the systems approach as a general methodological principle for solving interrelated modeling problems. Results. Despite the established opinion that external platforms are more competitive due to the increased network effect and openness, internal digital platforms (implemented within individual companies) and ecosystems they generate can become a significant factor for successful functioning of small and medium-sized businesses. At the same time, a design, where an industry ecosystem is formed on the basis of a leading platform, can successfully exist. The paper presents examples of such solutions for Russian information companies. Conclusions. Building a platform on the basis of a dedicated core in the form of existing information product, with the interests of its owner coinciding with the challenges of the relevant market, ensures long-term competitiveness of platform solutions in various formats of specific architecture.

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Working in a digital world: new leadership practices for the development of a digital library workforce

Ciência da Informação ◽

10.1590/s0100-19652001000300011 ◽

2001 ◽

Vol 30 (3) ◽

pp. 82-91

Author(s):

Johann van Reenen

Keyword(s):

Digital Library ◽

Digital Libraries ◽

Virtual Work ◽

Global Changes ◽

Skilled Workers ◽

Information Economy ◽

Digital World ◽

New Information ◽

Information Products ◽

Digital Library Services

Digital library developments are part of a global move in many sectors of society toward virtual work and electronic services made possible by the advances in information technology. This environment requires new attitudes and skills in the workforce and therefore leaders who understand the global changes underlying the new information economy and how to lead and develop such a workforce. This article explores ways to develop human resources and stimulate creativity to capitalize on the immense potential of digital libraries to educate and empower social change. There is a shortage of technically skilled workers and even more so of innovators. Retention and recruitment is one of the greatest obstacles to developing digital library services and information products.

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THEORETICAL DIMENSION OF THE INFORMATION-DIGITAL ECONOMY: INFORMATION ACTIVITY AND THE SYSTEM OF THE DERIVED INFORMATION PHENOMENA (PRODUCTS)

Economy of Ukraine ◽

10.15407/economyukr.2021.03.003 ◽

2021 ◽

Vol 2021 (3) ◽

pp. 3-18

Author(s):

Viktor TARASEVYCH ◽

Keyword(s):

Economic Activity ◽

Information Economy ◽

Economic Sectors ◽

Information Activity ◽

Information Products ◽

Report Data ◽

Specific Variation ◽

Public Production ◽

Information Components ◽

Theoretical Dimension

The main types (subtypes) of the information activity and their results – the derived information products as the phenomena have been characterized. Information activity is represented as the controversial unity of peculiarly information and associate information components. Production, distributing, exchange, and consumer associate information activity, their individual attributes, and also the main types of derived information products as their result have been characterized. Representative, materializing, and processing subtypes are separated in the production associate information activity. The arrangement, functional-specific variation, and development of derived information products have been defined in the last subtype. The ideal and materialized derived information products have been distinguished as the special presentation forms of primary information products. The main types (subtypes) of ideal and materialized information products, in particular syntactic (text, digital, graphic, audial); semantic (signal, report, data, bulletin, announcement); continual-discrete (continual, discrete, continual-discrete) and their interrelations as well have been reviewed. Special features of distributing, exchange, and consumer associate information activity, their interaction with the production activity and with each other have been defined. Considering that and taking into account the place of information activity and its types in public production four forms of information economy (IE) have been defined. IE of the I form is the area of exclusively information activity; IE of the II form includes IE of the I form and the production of the information activity attributes in the other economic sectors; IE of the II form makes IE of the III form together with economic activity which attributes are the information products; in the IE of the IV form along with the IE of the II form all types of the economic activity are featured in which at least one of the information activity attribute is used.

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Non-Public Monetary Systems in information Economy

Voprosy Ekonomiki ◽

10.32609/0042-8736-2013-5-151-159 ◽

2013 ◽

pp. 151-159

Author(s):

O. Krasilnikov ◽

E. Krasilnikova

Keyword(s):

Transaction Costs ◽

Information Economy ◽

Internet Technologies ◽

Monetary Systems ◽

Public Money ◽

Economic Institution

The article discusses the development of non-public monetary systems (NPMS), defined as a specific economic institution. It presents their comparison with public money systems depending on the size of transaction costs. The authors come to the conclusion that in conditions of the information economy on the basis of Internet-technologies NPMS receive a new impetus to their development and can make serious competition in regard to public monetary systems.

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