=959444. 17P07044.indd 128 6/12/07 2:34:36 PM VOL. 97 NO. 2 129 AN ASCENDING AuCtION fOR INtERDEPENDENt VALuES The dynamic game introduces the possibility that a player can strategically commit in order to affect the behavior of the other agents. The analysis above suggests that the strategic value of the commitment does not interfere with our analysis. The absence of a strategic value of commi...

We consider a retailer that sells a product with uncertain demand over a …nite selling season. The retailer sets an initial stocking quantity and, at some predetermined point in the season, optimally marks down remaining inventory. We modify this classic setting by introducing three types of consumers: myopic consumers, who always purchase at the initial full price; bargainhunting consumers, wh...

The brief history of application frameworks has been focused primarily on technical issues. That is changing today, as more and more organizations are recognizing the potential of application framework investments to improve their strategic position in the markets they serve. But to realize this potential, an approach firmly grounded in the disciplines of business strategy is needed. Value Base...

Various Asian governments are launching strategic blueprints to transform their countries from a production economy to a knowledge-based economy whereby the production, distribution and utilization of knowledge constitute the primary bases for economic growth and wealth creation. These initiatives are seen as crucial to maintaining national competitiveness as new information communications tech...

The evolution of Cloud Computing over the past few years has the potential to provide many benefits for healthcare organisations. However, healthcare organisations still need to discover the strategic values of adopting such a technology model. The paper discusses the strategic value of implementing Cloud Computing solutions in a Saudi hospital based on the Balanced Scorecard Approach. The pape...

Research indicates that successful adoption of information systems (IS) to support business strategy can help the organizations gain superior financial performance. e-Learning can be defined as learning through information and communication technologies and it should include a mechanism for forecasting the actual expected benefits, converted to monetary values, and then comparing the benefits t...

This research studies the values of m-commerce using a qualitative means-ends approach, called Value-Focused Thinking. The conceptual foundation for this research is the Work System Framework. By interviewing both current and potential m-commerce users, we captured the values of m-commerce and develop a means-ends objective network to illustrate the relationships among these values. As one of t...

We address the cost-sensitive feature acquisition problem, where misclassifying an instance is costly but the expected misclassification cost can be reduced by acquiring the values of the missing features. Because acquiring the features is costly as well, the objective is to acquire the right set of features so that the sum of the feature acquisition cost and misclassification cost is minimized...

In the past, full-service stock brokerage firms had a strategic advantage over discount brokers because of the control full-service brokers had over the information provided to the customer. Full-service stockbrokers acted as information intermediaries in that they were able to capture residual value from the transfer of information to make a profit. Strategic vulnerability occurs, in this case...

We start with the simplest possible model. There are kn objects for sale and n potential buyers. The valuations vi are drawn independently from a common distribution F (vi) for all potential bidders. We assume that F has a continuous density function f . Suppose now that the objects are allocated according to the following rule: kn buyers with the highest bids receive the object and pay the pri...