As advanced analytics penetrate a wide range of business applications, companies face the challenge of managing analytics-based assets, such as predictive models. Tasks ahead include model selection, scoring and deployment planning. One way to optimize model selection is to tap the combined knowledge of company staff through a “prediction market,” a virtual market designed to reveal participant...

This paper explores potential advantages of using virtual teams for small and medium-sized enterprises (SMEs) with a comprehensive review on various aspects of virtual teams. Based on the standing of the pertinent literatures, attempt has been made to study the aspects by online survey method in Iran and Malaysia. In both countries, SMEs play an important role in their economies, employments, a...

The concept of virtual organization ( involving virtual enterprise and virtual factory) can be understood as a kind of cooperative network enterprise and dynamic cooperative network, which, throught the utilization of the new information technologies and the new infoways ( the Internet, for example) provides the acces to new markets of products and services without the traditional limits in ter...

The troubled introduction of an American air computerized reservation system at French Railways reflects the difficulty of transforming European public rail transport into a market-oriented industry. Computerized reservation systems played an important role in supporting increased competition, providing a global strategic advantage and modifying market structures in the US air industry. However...

An attractive feature of Prediction Markets (PMs, also called information markets or virtual stock markets) is that they provide economic incentives for informants to share unique information, i.e., information that no other informants possess. This feature and the broad availability of the Internet have lead to applications of prediction markets in a number of fields. Most reported application...

In this study, we re-examine the failure of formation of electronic markets for the air cargo industry. Using an economic theory called Core Theory, we provide an alternate explanation. Core theory explains why: a) such a failure might have been anticipated and b) the failure to form an electronic market may in fact be beneficial for the industry as a whole.

This paper aims to describe Digital City Shanghai (DCSH), which was designed to be an integrated information & service environment for everyday life. Section 1 provides a background of Shanghai. Section 2 discusses the motivation and guidelines of DCSH: service-oriented, intelligent, participant-encouraged, and government-guided & commercialized. Section 3 gives a rough skeleton of DCSH, which ...