In the restructured environment of electricity market, firstly the generating companies and the customers are looking for maximizing their profit and secondly independent system operator is looking for the stability of the power network and maximizing social welfare. In this paper, a one way auction in the electricity market for the generator companies is considered in both perfect and imperfec...

It is critical for companies in developing countries to transform themselves to innovation from imitation in globalisation. This paper introduces a research exploring the evolution process of a high technology company in Korea from ‘imitator’ to ‘innovator’. It identifies some key characteristics of ‘imitators’ and ‘innovators’ and describes the development of different capabilities and their p...

This paper studies a new renewable energy investment model through crowdfunding, which is motivated by emerging community solar farms. In this paper we develop a sequential game theory model to capture the interactions among crowdfunders, the solar farm owner, and an electricity company who purchases renewable energy generated by the solar farm in a multi-period framework. By characterizing a u...

This article reports on a case study which describes how Valora Retail, the company that operates the majority of Kiosks in Switzerland, successfully completed a intermediary mediated Crowdsourcing project as well as the results they achieved using this open innovation approach to generate ideas for the internal project named the “Kiosk of the Future”. Out of the 626 ideas virtually submitted b...

This teaching case illustrates the complexities in online marketing, especially in health care online marketing. It presents the challenges patients face when seeking information for treatments, and how patients may be flooded with information of poor quality, even scams. We examines the role of the search engine giant Baidu. The case discusses Baidu’s revenue generation models, the keywords bi...

At present orthophotographs are essential sources of information in all areas. The generation of these products in urban areas can be difficult and specific rectification methods are neededin order to obtain advanced orthoimages that usually have been denominated as true orthophoto. In this paper, the principal results of a research project (DATOS –Development of an Advanced True Orthoimage Sys...

Office tasks related to processing of contracts in the insurance business are complex and highly dependent on legal and company-specific formal regulations. On the other hand, the increasing competition strongly influences efficiency as well as quality requirements and makes such activities very demanding and critical for the company success. This paper describes the main ideas behind the EULE ...

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As the capability to render complex, realistic scenes in real time increases, many applications of computer graphics are hitting the problem of manual model creation. In virtual reality, researchers have found that creating and updating static models is a difficult and time-consuming task [Brooks 1999]. New games require massive amounts of content. Creating such content is such an expensive pro...

This chapter presents a case study from a global company developing a new generation of programmable controllers to replace several existing products. The system needs to incorporate support for a large number of I/O systems, network types, and communication protocols. To leverage its global development resources and the competency of different development centers, the company decided to adopt ...