Many innovative products are designed to satisfy the demand of specific target consumers; thus, innovators will inevitably compete with each other in product market. We investigate how a profit-maximizing principal should properly allocate her limited resources support innovations multiple potentially competing innovators. find that, as available increase, optimal diversification investment may...

Cloud computing is a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources. To provide cloud computing services economically, it is important to optimize resource allocation under the assumption that the required resource can be taken from a shared resource pool. In addition, to be able to provide processing ability and storage capacity, it...