128,428 research outputs found
Exploiting market size in service systems
W e study a profit-maximizing firm providing a service to price and delay sensitive customers. We are interested in analyzing the scale economies inherent in such a system. In particular, we study how the firm's pricing and capacity decisions change as the scale, measured by the potential market for the service, increases. These decisions turn out to depend intricately on the form of the delay costs seen by the customers; we characterize these decisions up to the dominant order in the scale for both convex and concave delay costs. We show that when serving customers on a first-come, first-served basis, if the customers' delay costs are strictly convex, the firm can increase its utilization and extract profits beyond what it can do when customers' delay costs are linear. However, with concave delay costs, the firm is forced to decrease its utilization and makes less profit than in the linear case. While studying concave delay costs, we demonstrate that these decisions depend on the scheduling policy employed as well. We show that employing the last-come, first-served rule in the concave case results in utilization and profit similar to the linear case, regardless of the actual form of the delay costs
D-SPACE4Cloud: A Design Tool for Big Data Applications
The last years have seen a steep rise in data generation worldwide, with the
development and widespread adoption of several software projects targeting the
Big Data paradigm. Many companies currently engage in Big Data analytics as
part of their core business activities, nonetheless there are no tools and
techniques to support the design of the underlying hardware configuration
backing such systems. In particular, the focus in this report is set on Cloud
deployed clusters, which represent a cost-effective alternative to on premises
installations. We propose a novel tool implementing a battery of optimization
and prediction techniques integrated so as to efficiently assess several
alternative resource configurations, in order to determine the minimum cost
cluster deployment satisfying QoS constraints. Further, the experimental
campaign conducted on real systems shows the validity and relevance of the
proposed method
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Real-time new product development in financial services: Some managerial implications
A review of the various models of New Product Development (NPD) process shows that although different approaches have been proposed, they are in fact all variants on a linear theme: some may include feedback loops, but they all essentially advocate that certain steps precede, or are preceded by, others. An inevitable consequence on the Internet/World Wide Web (WWW or Web) is that such models are no longer applicable. Based on the lessons learned from the development of a new financial service offered via the Internet, we show how such assumptions of linearity need no longer be a constraint. In addition, innovativeness is not related to firm size. But the fact that the Web allows for the real-time development of new financial services based on on-going feedback from potential and current customers raises a new set of managerial issue that have to be tackled. The objective of this paper is to use the context of the recent launch of an innovative financial services product via the Web to explore the managerial changes that are starting to affect the banking industr
Technology strategy and innovation: the use of derivative strategies in the aerospace industry
Strategy has become an increasingly important theme within the management of innovation. This is reflected in the increasing amount of attention given to topics such as technology strategy within the innovation literature. However research into technology strategy has tended to focus on technology acquisition rather than technology exploitation. This paper focuses on one often neglected way in which companies can exploit the technological resources at their disposal, namely through the use of a derivative strategy where new technology is combined with old products or parts of old products in order to develop new products. The paper explores this type of strategy by means of a case study from the commercial jet engine sector of the aerospace industry. The case study provides an opportunity not only to explore the nature of derivative strategies in detail it also highlights the benefits, both direct and indirect, to be gained from this type of strategy as a means of exploiting an organisation's technological resources. The paper shows how a derivative strategy can contribute to the broader strategic goals of companies in technology based industries through strategies designed to ensure the most effective utilisation of the technology base
Determinants of firms' inputs sourcing choices: the role of institutional and regulatory factors. ESRI WP599, September 2018
Using the theoretical framework of global sourcing with firm heterogeneity, we examine determinants of inputs sourcing choices of manufacturing firms established in the EU countries. To this purpose, we combine information on the ownership structure and company accounts from the Orbis data set with input-output data from the World Input-Output Tables (WIOT) and with information on institutional and regulatory factors at country level provided by international organisations. Our research findings indicate that manufacturing firms that source inputs intra-firm via foreign direct investment (FDI) across EU countries are larger, more productive, more intensive in tangible and intangible capital and less intensive in skills than manufacturing firms that source inputs at arm’s length. The probability of integrating inputs by manufacturing firms across EU countries is positively linked with the strength of legal systems, flexibility of labour markets and negatively linked to corporate tax rates and financial development in host countries. Less efficient insolvency procedures are associated with a higher probability of sourcing inputs intra-firm via FDI relative to arm’s length sourcing. The probability of sourcing inputs via FDI is negatively linked to sectoral restrictions to FDI and positively linked to the impact of service regulations on downstream industries
Impliance: A Next Generation Information Management Appliance
ably successful in building a large market and adapting to the changes of the
last three decades, its impact on the broader market of information management
is surprisingly limited. If we were to design an information management system
from scratch, based upon today's requirements and hardware capabilities, would
it look anything like today's database systems?" In this paper, we introduce
Impliance, a next-generation information management system consisting of
hardware and software components integrated to form an easy-to-administer
appliance that can store, retrieve, and analyze all types of structured,
semi-structured, and unstructured information. We first summarize the trends
that will shape information management for the foreseeable future. Those trends
imply three major requirements for Impliance: (1) to be able to store, manage,
and uniformly query all data, not just structured records; (2) to be able to
scale out as the volume of this data grows; and (3) to be simple and robust in
operation. We then describe four key ideas that are uniquely combined in
Impliance to address these requirements, namely the ideas of: (a) integrating
software and off-the-shelf hardware into a generic information appliance; (b)
automatically discovering, organizing, and managing all data - unstructured as
well as structured - in a uniform way; (c) achieving scale-out by exploiting
simple, massive parallel processing, and (d) virtualizing compute and storage
resources to unify, simplify, and streamline the management of Impliance.
Impliance is an ambitious, long-term effort to define simpler, more robust, and
more scalable information systems for tomorrow's enterprises.Comment: This article is published under a Creative Commons License Agreement
(http://creativecommons.org/licenses/by/2.5/.) You may copy, distribute,
display, and perform the work, make derivative works and make commercial use
of the work, but, you must attribute the work to the author and CIDR 2007.
3rd Biennial Conference on Innovative Data Systems Research (CIDR) January
710, 2007, Asilomar, California, US
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