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Demand response (DR) has been known to play an important role in the electricity sector to balance supply and demand. To this end, the DR baseline is a key factor in a successful DR program since it influences the incentive allocation mechanism and customer participation. Previous studies have investigated baseline accuracy and bias for large, industrial and commercial customers. However, the analysis...
Mass customization (MC), i.e. offering customers exactly what they want without losing in operational efficiency, has been positioned as a viable business strategy in ecommerce for many years. Still, many companies have failed in implementing profitable MC. We explain these failures by the lack of strategic capabilities in these firms and examine their effect on firm performance, drawing on a survey...
IT is a major driver of business model innovation and servitization. Representations of business models are widely used tools for analyzing instances of these developments as well as for the ideation of novel services and service business models. However, current representations of business models fail to capture essential aspects of service, such as co-creation. In response to these shortcomings,...
Open data entrepreneurship is required to create novel services and sustainable value networks based on government released datasets. However, the business is still in its infancy. This paper investigates the emerging open data value network structure based on empirical findings from 14 Finnish organizations. The data was collected through interviews of early adopter open data entrepreneurs during...
Emerging opportunities for open data based business have been recognized around the world. Open data can provide new business opportunities for actors that provide data, for actors that consume data, and for actors that develop innovative services and applications around the data. Open data based business requires business models and a collaborative environment—called an ecosystem—to support businesses...
SMEs are the important part of China's economy and innovation entities. Based on theoretical analysis, this paper puts forward an applicable innovation models for SMEs. An in-depth case study of Beijing Tianyu Communication Equipment Co. Ltd is carried out to show how a firm's various kinds of technical and non-technical innovations influenced its business performance. This paper concludes that ingenious...
The interest towards solutions related to the management and analysis of disturbances in supply chains has increased, which has led to a pressure among technology and service providers to develop comprehensive business models to response customer needs. The aim of the study is to clarify the value elements of a business model for disturbance management and analysis in supply chains. Regarding to the...
Although the early phases of engineering service projects are essential for product success, methods and tools to proactively and comprehensively evaluate the productivity of complex service processes are rare. In this paper the effects of team composition in terms of age diversity and task-related conflict on the outcome of a R&D task are examined in a laboratory experiment. Age heterogeneous...
Statistical analysis of inventory data has been widely used to investigate the behavior of demand, the order execution and the delivery data in business industry. The analysis benefits the supplier in many ways. This study focuses on statistical analysis of spare part management of Water Purifier's electronic modules. The challenge of this demand prediction is that the electronic modules have random...
Performance Indicators (PIs) are designed to help organizations and decision makers to better understand how well they are performing in relation to their strategic and tactical goals; nowadays, numerous methods and tools have been developed to facilitate the generation and selection of the most suitable PIs. Especially in the service sectors, service performance assessment methods should be used...
Design refers today to many different aspects, such as product, interior, communication, brand, service and so on. It is possible to provide a coherent perception of a whole environment, designing all the aspects so that they can communicate coherent values and univocal interpretation. This is possible by making the design driven by principles starting from metaphoric models of the mission of a company,...
Modern cloud-based applications and infrastructures may include resources and services (components) from multiple cloud providers, are heterogeneous by nature and require adjustment, composition and integration. The specific application requirements can be met with difficulty by the current static predefined cloud integration architectures and models. In this paper, we propose the Intercloud Operations...
Value-at-Risk (VaR) and Conditional Value-at-Risk (CVaR) are two of the most widely used and important risk measures in financial risk management models. Because VaR and CVaR portfolio optimization models are often nonlinear and non-convex optimization models, traditional optimization methods usually can not get their global optimal solutions, instead, they often get a local optimal solution. In this...
This paper reviews the evolution of the design industry globally in the context of Porter's Competitive Advantage of Nations theory, & its migration through resource exploitation, investment, innovation & wealth creation stages. The paper posits a further stage of economic development & reviews design's role at each juncture. Taking industry case illustrations across Africa, Asia, Europe...
The development of the Internet is sustainable because of existing business models. Among them one of the most common is currently pay-per-click which is based on recording users' behaviors (in particular clicks but it may also be actions) and charging advertisers according to this information. On the other hand registering users clicks causes a serious threat for privacy. Additionally part of this...
This paper compares some modern methods and measures the credit risk of listed companies of Zhejiang province on 2010 by a mixture of the models. And the paper adjusts the calculation of model's related parameters in the empirical process. In order to ensure the accuracy of empirical results, the thesis does some relevant inspection for the empirical results. At the end, some policy suggestions are...
Why does the commercialization of plug-in cars remain sluggish when they are ascribed the potential to contribute significantly to the development of a sustainable society? The risk- and cost transfer that comes with the purchase of a car under the current dominating business model is not well suited for technologies that are novel to customers, like plug-in cars. Therefore, the commercialization...
This paper presents four innovative business models that are being developed in three countries to support the commercialisation of electric vehicles (EV). Using an original business model framework and interviews with EV company founders and directors, we analyse partnership strategies along the EV value chain (France and US) and the coexistence of competing business models (China). Findings emphasise...
Market development of electric vehicles in the coming years is a highly relevant issue for many stakeholders, e.g. automobile- and energy-industry, investors as well as policy makers and the public. The market forecasts, however, differ strongly and underlying assumptions are often hard to find. Furthermore, for stakeholders from such diverse fields it can be difficult to convey their own assumptions...
There is a broad variety of ecological audits, which can be considered in production or disposal processes. None of them have been adapted to inventory planning. In this paper an approach of combining sustainability aspects with spare parts ordering will be presented. It is investigated how costs for CO2 emission must change or have to be changed by governments in a way that sustainable spare parts...
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