scholarly journals Enabling Entrepreneurial Choice

2021 ◽  
Author(s):  
Ajay Agrawal ◽  
Joshua S. Gans ◽  
Scott Stern
Keyword(s):  
Management Science ◽  
Third Parties ◽  
Single Test ◽  
Special Issue ◽  
Alternative Strategies ◽  
Entrepreneurial Performance ◽  
Multiple Strategies ◽  
65Th Anniversary ◽  
The Cost

Entrepreneurs must choose between alternative strategies for bringing their idea to market. They face uncertainty regarding both the quality of their idea as well as the efficacy of each strategy. Although entrepreneurs can reduce this uncertainty by conducting tests, any single test conflates the signal of the efficacy of the particular strategy and the quality of the idea. Resolving this conflation requires exploring multiple strategies. Consequently, entrepreneurial choice is enhanced by finding ways to lower the cost of testing multiple strategies, receiving guidance as to the types of tests likely to reduce signal conflation, and optimally sequencing tests based on previous beliefs. This creates a role for judgment that may be provided by trusted third parties such as mentors and investors. We hypothesize that institutions that lower the cost of transmitting and aggregating judgment spur entrepreneurial performance. This paper was accepted by David Simchi-Levi, Special Issue of Management Science: 65th Anniversary.

Revenue Management and the Rise of the Algorithmic Economy

2020 ◽  
Author(s):  
Ilan Lobel
Keyword(s):  
Decision Making ◽  
Revenue Management ◽  
Airline Industry ◽  
Urban Transportation ◽  
Management Science ◽  
Special Issue ◽  
Widespread Adoption ◽  
Online Marketplaces ◽  
65Th Anniversary

Revenue management has evolved over the years from its origins in the airline industry into a much broader discipline that analyzes algorithmic methods for demand and marketplace management, but many outside of the discipline are not aware of this transformation. The field’s transition tracks the widespread adoption of algorithmic decision-making techniques by businesses in a wide variety of industries over the last decade. We study this evolution in the field’s breadth of research, with a particular focus on revenue-management papers that study online marketplaces such as e-commerce retailing, digital advertisement, and ride-hailing markets for urban transportation. This paper was accepted by David Simchi-Levi, Special Issue of Management Science: 65th Anniversary.

Innovations in the Science and Practice of Decision Analysis: The Role of Management Science

2020 ◽  
Author(s):  
James S. Dyer ◽  
James E. Smith
Keyword(s):  
Decision Analysis ◽  
Management Science ◽  
Special Issue ◽  
65Th Anniversary

In this paper, we reflect on research in decision analysis that has appeared in Management Science and its impact on decision analysis practice and applications. We consider professional applications of decision analysis in business and government settings as well as everyday conversational applications. This paper was accepted by David Simchi-Levi, Special Issue of Management Science: 65th Anniversary.

scholarly journals Innovation in the 21st Century: Architectural Change, Purpose, and the Challenges of Our Time

2020 ◽  
Author(s):  
Rebecca Henderson
Keyword(s):  
21St Century ◽  
Management Science ◽  
Incremental Innovation ◽  
Future Research ◽  
Special Issue ◽  
Social Challenges ◽  
Architectural Change ◽  
65Th Anniversary ◽  
Systemic Innovation ◽  
Organizational Purpose

Understanding the process of innovation has been a central concern of management researchers, but despite this progress, there remains much that we do not understand. Deepening our knowledge is critically important given the enormous environmental and social challenges we face as a society. Pursing incremental innovation will continue to be hugely important, but this paper argues that building a richer understanding of architectural or systemic innovation will also be crucial. This paper suggests that the study of organizational purpose may provide a particularly fruitful avenue for future research. This paper has been accepted by David Simchi Levi for the Special Issue of Management Science: 65th Anniversary.

scholarly journals The basic algorithm for the design and construction of a monocultural innovation organization

2020 ◽  
Vol 89 ◽  
pp. 01006
Author(s):  
Yuri Polyakov ◽  
Andrey Savchenko ◽  
Natalia Alekseeva ◽  
Elena Panteleeva ◽  
Mikhail Savelyev
Keyword(s):  
Product Quality ◽  
Subjective Assessment ◽  
Management Science ◽  
Digital Economy ◽  
Basic Algorithm ◽  
Manufacturing Defects ◽  
Modern Management ◽  
Homogeneous Product ◽  
The Cost

Algorithmization of management activities in the transition to the digital economy is one of the most important tasks of modern management science. Sketch design is defined by the algorithm creation tool. This algorithmization method is applied to the processes of choosing the type of a homogeneous product, its quality and other consumer properties, utility for the consumer and manufacturer. Products are classified according to their purpose and the resources for their production. The quality of the product is defined as the ratio of the actual properties of the product to the normative ones, while it is necessary to take into account the influence of manufacturing defects, which entails a transition from linear to non-linear quality functions. The cumulative assessment of the product for the consumer is determined taking into account his subjective assessment of the properties of the product, expressed in the weight of the quality of individual utilities. For a manufacturer, the aggregate assessment of product quality directly depends on the main properties of the product, taking into account its other properties, and inversely depends on the cost of purchasing it, taking into account their functional elasticity. The algorithm is recommended for use by specialists dealing with algorithmic management activities.

scholarly journals Special Issue “Smart Urban Lighting Systems”

2020 ◽  
Vol 10 (10) ◽  
pp. 3627
Author(s):  
Marco Beccali ◽  
Marina Bonomolo
Keyword(s):  
Poor Quality ◽  
Visual Comfort ◽  
Special Issue ◽  
Urban Context ◽  
Lack Of Information ◽  
Cost Of Energy ◽  
Lighting Systems ◽  
Historical Heritage ◽  
The Cost

The design and operation of multifunctional infrastructures for public lighting as well as their impact on the urban environment and citizens’ life is today of great interest. The cost of energy for public lighting is often an issue for the budget of municipalities. Furthermore, researchers’ and designers’ attention is increasingly focused on aspects of public lighting not directly valuable through economic factors. Starting from the “quality” of the light environment, looking at citizens’ visual comfort, the light has to be considered as an instrument to improve the urban context and objects therein (including buildings). Indeed, urban degradation (lack of infrastructures, maintenance, services, etc.) is linked to the poor quality of everyday issues, such as traffic, pollution, noise, lack of information, long times to access focal points, and the lack of safety. Simultaneously, in many areas, the potential related to the valorization of historical heritage is often underexploited. The installation of efficient lighting systems coupled with the implementation of ICT solutions can provide economic, social, and health benefits, energy efficiency, and visual comfort. On the other hand, as for indoor lighting, these systems can be expensive, not easy to maintain, and not as efficient as expected. The aim of this Special Issue was to investigate the problems and advantages of smart urban lighting systems in more detail. This Special Issue included 6 papers of the 10 submitted papers.

Pengaruh Kompetensi Coder terhadap Keakuratan dan Ketepatan Pengkodean Menggunakan ICD 10 di Rumah Sakit X Pekanbaru Tahun 2016

2018 ◽  
Vol 1 (1) ◽  
pp. 31-43
Author(s):  
Nur Maimun ◽  
Jihan Natassa ◽  
Wen Via Trisna ◽  
Yeye Supriatin
Keyword(s):  
Medical Record ◽  
Human Error ◽  
Medical Personnel ◽  
Quality Of Data ◽  
Accuracy And Precision ◽  
Result Show ◽  
Study Implementation ◽  
Icd 10 ◽  
The Cost

The accuracy in administering the diagnosis code was the important matter for medical recorder, quality of data was the most important thing for health information management of medical recorder. This study aims to know the coder competency for accuracy and precision of using ICD 10 at X Hospital in Pekanbaru. This study was a qualitative method with case study implementation from five informan. The result show that medical personnel (doctor) have never received a training about coding, doctors writing that hard and difficult to read, failure for making diagnoses code or procedures, doctor used an usual abbreviations that are not standard, theres still an officer who are not understand about the nomenclature and mastering anatomy phatology, facilities and infrastructure were supported for accuracy and precision of the existing code. The errors of coding always happen because there is a human error. The accuracy and precision in coding very influence against the cost of INA CBGs, medical and the committee did most of the work in the case of severity level III, while medical record had a role in monitoring or evaluation of coding implementation. If there are resumes that is not clearly case mix team check file needed medical record the result the diagnoses or coding for conformity. Keywords: coder competency, accuracy and precision of coding, ICD 10

ABOUT NECESSITY OF MATHEMATICAL MODELING OF THE BUSINESS PROCESS OF COST ESTIMATE CALCULATIONS IN THE CONSTRUCTION OF OIL AND GAS FACILITIES

2017 ◽  
pp. 139-145
Author(s):  
R. I. Hamidullin ◽  
L. B. Senkevich
Keyword(s):  
Mathematical Modeling ◽  
Quality Assessment ◽  
Business Process ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Construction Organizations ◽  
The Cost ◽  
Cost Of Construction

A study of the quality of the development of estimate documentation on the cost of construction at all stages of the implementation of large projects in the oil and gas industry is conducted. The main problems that arise in construction organizations are indicated. The analysis of the choice of the perfect methodology of mathematical modeling of the investigated business process for improving the activity of budget calculations, conducting quality assessment of estimates and criteria for automation of design estimates is performed.

Return on Invesment (ROI) of Software Product: A Systematic Literature Review

2015 ◽  
Vol 6 (1) ◽  
pp. 50-57
Author(s):  
Rizqa Raaiqa Bintana ◽  
Putri Aisyiyah Rakhma Devi ◽  
Umi Laili Yuhana
Keyword(s):  
Return On Investment ◽  
Assessment Criteria ◽  
Software Product ◽  
And Performance ◽  
Rational Consideration ◽  
Actual Return ◽  
The Cost ◽  
Investment Models ◽  
The Impact

The quality of the software can be measured by its return on investment. Factors which may affect the return on investment (ROI) is the tangible factors (such as the cost) dan intangible factors (such as the impact of software to the users or stakeholder). The factor of the software itself are assessed through reviewing, testing, process audit, and performance of software. This paper discusses the consideration of return on investment (ROI) assessment criteria derived from the software and its users. These criteria indicate that the approach may support a rational consideration of all relevant criteria when evaluating software, and shows examples of actual return on investment models. Conducted an analysis of the assessment criteria that affect the return on investment if these criteria have a disproportionate effort that resulted in a return on investment of a software decreased. Index Terms - Assessment criteria, Quality assurance, Return on Investment, Software product

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