Headwinds to Redesign

Competitive Headwinds Blow Toward the Windy City

1 By: Team MOAB Gwyn Jones, Steve Neebe, Justin Owen, and Sam Snyder Introduction: For this study, we applied our game theory tools to evaluate the likely strategic moves by key players driving consolidation in the financial exchange sector. Recently, the Deutsche Borse, a major European exchange, signed a merger agreement with the flagship US exchange, the NYSE Euronext, with the goal that t...

Automated Redesign with the General Redesign Engine

Given a system design (SD), a key task is to optimize this design to reduce the probability of catastrophic failures. We consider the task of redesigning an SD to minimize the probability of particular faults by introducing components selected from a component library. We have implemented a General Redesign Engine (GRE), which uses model-based reasoning techniques and Boolean functional synthes...

Mechanism Redesign

This paper develops the theory of mechanism redesign by which an auctioneer can reoptimize an auction based on bid data collected from previous iterations of the auction on bidders from the same market. We give a direct method for estimation of the revenue of a counterfactual auction from the bids in the current auction. The estimator is a simple weighted order statistic of the bids and has the...

Knowledge flow-based business process redesign: applying a knowledge map to redesign a business process

Purpose – The aim of this paper is to suggest a method to redesign business processes from the viewpoint of knowledge flows using a knowledge map. Design/methodology/approach – Knowledge flows and business processes cannot be separated because knowledge is inputted and outputted through business processes. Knowledge flows inherit the feature and appearance of corresponding business processes; t...

Residency redesign.