• Title/Summary/Keyword: Technological uncertainty

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A Study of the Reformulation of 0-1 Goal Programming (0 - 1 목표계획모형의 재구조화에 관한 연구-기회제약계획법(CCP)과 계층화 분석과정(AHP)의 결합 가능성을 중심으로-)

  • 이영찬;민재형
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1996.04a
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    • pp.525-529
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    • 1996
  • Decision environments involve a high degree of uncertainty as well as multiple, conflicting goals. Although traditional goal programming offers a means of considering multiple, conflicting goals and arrives at a satisficing solution in a deterministic manner, its major drawback is that decision makers often specify aspiration level of each goal as a single number. To overcome the problem of setting aspiration levels, chance constrained programming can be incorporated into goal programming formulation so that sampling information can be utilized to describe uncertainty distribution. Another drawback of goal programming is that it does not provide a systematic approach to set priorities and trade-offs among conflicting goals. To overcome this weekness, the analytic hierarchy process(AHP) is used in the model. Also, most goal programming models in the literature are of a linear form, although some nonlinear models have been presented. Consideration of risk in technological coefficients and right hand sides, however, leads to nonlinear goal programming models, which require a linear approximation to be solved. In this paper, chance constrained reformulation with linear approximation is presented for a 0-1 goal programming problem whose technological coefficients and right hand sides are stochastic. The model is presented with a numerical example for the purpose of demonstration.

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The Effect of Entrepreneurial Orientation on New Product Performance of Korean Exporting SMEs: The Moderating Role of Technological Uncertainty

  • LEE, Youngwoo;CHO, Youngsam
    • East Asian Journal of Business Economics (EAJBE)
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    • v.10 no.3
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    • pp.17-26
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    • 2022
  • Purpose - In this paper, we aim to analyze to what extent entrepreneurial orientation (EO) can help overcome Korean SMEs' liabilities of foreignness in overseas markets. In this end, we examined three sub-dimensions of EO (proactiveness, innovativeness, risk-taking) and examine their individual effects on NPD performance of exporting SMEs. Research design, data, and methodology - We collected survey questionnaires from Korean exporting SMEs that are certified with Inno-biz by the Korean Ministry of SMEs and Startups. The collected data was analyzed using SPSS 26 and AMOS to create an integrated model. Result - As a result of the analysis, we found that proactiveness and innovativeness dimension of EO have positive effect on new product performance of exporting SMEs. Furthermore, technological uncertainty has negative moderating effect between innovativeness and new product performance of SMEs. Conclusion - While proactive attitude and innovativeness of EO positively affected the performance of new products of SMEs, the tendency to take risks and pursue opportunities with bold behaviors did not have a positive effect on NPD performance in foreign nations.

Predictive Model for Evaluating Startup Technology Efficiency: A Data Envelopment Analysis (DEA) Approach Focusing on Companies Selected by TIPS, a Private-led Technology Startup Support Program

  • Jeongho Kim;Hyunmin Park;JooHee Oh
    • International Journal of Advanced Culture Technology
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    • v.12 no.2
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    • pp.167-179
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    • 2024
  • This study addresses the challenge of objectively evaluating the performance of early-stage startups amidst limited information and uncertainty. Focusing on companies selected by TIPS, a leading private sector-driven startup support policy in Korea, the research develops a new indicator to assess technological efficiency. By analyzing various input and output variables collected from Crunchbase and KIND (Korea Investor's Network for Disclosure System) databases, including technology use metrics, patents, and Crunchbase rankings, the study derives technological efficiency for TIPS-selected startups. A prediction model is then developed utilizing machine learning techniques such as Random Forest and boosting (XGBoost) to classify startups into efficiency percentiles (10th, 30th, and 50th). The results indicate that prediction accuracy improves with higher percentiles based on the technical efficiency index, providing valuable insights for evaluating and predicting startup performance in early markets characterized by information scarcity and uncertainty. Future research directions should focus on assessing growth potential and sustainability using the developed classification and prediction models, aiding investors in making data-driven investment decisions and contributing to the development of the early startup ecosystem.

The Emergence and Decline of the City Phone Project : Finding trace of failed technology (유선전화망 시대의 마지막 인공물, 시티폰의 출현과 몰락 : 실패한 기술 프로젝트의 흔적 찾기)

  • Oh, Sun-Sil
    • Journal of Science and Technology Studies
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    • v.9 no.2
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    • pp.51-78
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    • 2009
  • Usually, Technological failures have been recognized as a mundane and inevitable process of trial and error for finally achieving success, or pathological technologies clearly different from success. These approaches easily ignore that a failed technology also constructed complex technological networks with various actors for some times. Consequently, failed technologies failed not only technological realization, but also got a proper evaluation. This paper explore the emergence and decline of the city phone project (CT-2 technology), the very typical failure cases in the telecommunications industry at Korea. This story shows that the city phone project with low-price and low-technology could constructed a stable network at agreement the result from interaction between various actors, and then, changed because various actors gave technologies different meaning and desire. Finally, it suggests that collapse of its technological network was attributed to uncertain future and contingent, rather than technological limits.

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Technological Change and Organizational Strategy as an Evolutionary Process (진화론적 관점의 기술혁신의 동태성: 정보기술산업과 조직경쟁유형의 진화)

  • Cha, Dae-Kyu
    • Korean Business Review
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    • v.11
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    • pp.15-38
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    • 1998
  • This study explores the evolution of technical innovation over time. It focuses on sectors of the information technology because this industry can be referred to as one of the most dynamic industries of all times. Following evolutionary theorists, we argue that technological change is gradual and that superior firms and technologies are reward by the' selection' environment. In the initial phase of the industry life cycle, technological change is expected to be radical and uncertainty is high. Over time a product or technology is likely to arise which stands out above all other products or technologies. These so-called 'basic designs' serve as sorts of 'technological guideposts' for further developments in the technology. Once a basic design established, technological progress tends to follow consistent paths or trajectories. The cumulative character of technological progress facilitates a rapid expansion of the boundaries of the technology until the natural limits of the technology are approached and technological progress slows down. Following ecological theories, supply-side developments in the industry are described on the basis of five different organizational types. On the basis of this pattern of market and technological evolution we came up with seven basic propositions.

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Success of Digital Transformation in the Context of the Agile Principles : A Case Study of the Seoul Metro (애자일 수행 방식으로 본 디지털 전환의 성공요인 : 서울교통공사의 디지털 전환 프로젝트를 중심으로)

  • Youn, Jeong Won;Kim, Jong Yoel;Chang, Suk-Gwon
    • Journal of Information Technology Services
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    • v.19 no.5
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    • pp.137-153
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    • 2020
  • Most enterprises today work on digital transformation projects to cope with uncertainties caused by the rapid change and cutting-edge technology. The key point is they need to take a novel approach on new projects for high performance. In this context, there is a growing interest in utilizing agile method; however, many studies on Impact of Digital Transformation on the Results of Innovation do not deal with agile methodology. The research specifies the case of Seoul Metro, regarded as best-practice on digital transformation, based on the agile way of working. The case study is based on in-depth interview with Seoul Metro's executives and employees, and the interview is analyzed using keywords from the 12 Agile Principles. Thus, among the 12 Agile Principles, Motivation and Trust, Face-to-face Interactions, Continuous Attention to Technical excellence and good design, Self-Organizing Team contributed the most to successful digital transformation projects. In addition, based on Requirements Uncertainty and Technical Degree of Uncertainty, they carry different kinds of traits. For instance, the higher the uncertainty toward requirements and required technology is, the more technological development pace is maintained. Given the conservative nature of public corporations, it is necessary to adopt the agile way of working, such as improving employees' technological capabilities and allowing teams to be organized within themselves, in a bid to produce successful innovation outcome.

Examining the Influence of Entrepreneurship on Innovation Activities and Performance with the Mediating Role of Technological Innovation (기업가 정신이 기술혁신과 혁신성과에 미치는 영향 및 기술혁신의 매개역할)

  • Ju, Ki-Jung;Park, Byeonghwa
    • Management & Information Systems Review
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    • v.34 no.2
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    • pp.21-37
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    • 2015
  • Entrepreneurship and innovation are highlighted as a way to overcome limitations and risk factors caused by today's uncertain business environment. As the uncertainty in the business environment increases, organizations are required to adapt to ever changing business dynamics. For this adaptation, entrepreneurship and innovation are crucial factors. This study proposes a model to explain a structural relationship between entrepreneurship, technological innovation, and innovation performance. The unit of analysis focus is small and medium-sized businesses. Empirical results show that there are positive causal relationships from entrepreneurship to technological innovation, and from technological innovation to innovation performance. Additionally, no direct relationship from entrepreneurship to innovation performance can be achieved through innovation activities such as technological innovation. This study points out the importance of entrepreneurship and technological innovation, and suggests that entrepreneurship along with technological innovation should be internalized as business practices leading to increased performance.

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A Study on the Scope and Determinants of Electronic Collaboration based on IT in Interorganizational Relationships (기업간 거래에서 정보기술을 활용한 전자적 협력의 범위와 선행요인에 관한 연구)

  • Choi, Su-Jeong
    • Journal of Information Technology Applications and Management
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    • v.15 no.4
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    • pp.159-188
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    • 2008
  • This study suggests strategies which can enable to creation of new opportunities of competitive advantages while operating a long lasting and consistent business with major trading partners, based on interorganizational information systems (IOISs) specially established and installed for interorganizational transactions. Nowadays, IOISs based mechanism having been widely expanded as a conventional business infrastructure for the interorganizational transactions and/or exchanges, it is customary difficult to obtain any strongly sound advantage over the competitors who have adopted even the simplest deployment of the IOIS mechanisms. In this connection, this study intends to investigate the interorganizational collaborative activities conducted by under the auspicious of IOISs, focused on the prospect of the exploitation of IOISs rather than the implementation of the IOISs. In this study, we, firstly, suggest the concept of Electronic Collaboration which can be defined by the collaborative activities conducted by IOISs, compared to the ones conducted on off-line. In addition, we suggest the Electronic Collaboration as a multi-dimensional concept, constituted by three sub-constructs, the Electronic Information Sharing (EIS), the Electronic Joint Activity (EJA), and the construction of the Electronic Relational Knowledge Store (ERKS). Secondly, we empirically verify the effects of relational and environmental determinants on the Electronic Collaboration. In this study, the relational determinants relate to the variables created in interorganizational relationship like Trust, Influence, Relational Specific Asset-asset invested for the transaction-, and Continuity of the relationship. On the other hand, the environmental determinants relate to the variables surrounding the relationship which are difficult to control. We consider Product Complexity, Technological Uncertainty, and Market Variability as the domain of the environmental determinants. To test our hypotheses, we conducted both paper-based survey and online-based survey. After refining the data with missing responses, a total of 150 data was used for analysis. The results were as follows : Firstly, it is statistically significant that the Electronic Collaboration is composed of EIS, EJA, and ERKS. In particular, the results imply that the firms are able to accumulate relational knowledge base as well as to exchange information or knowledge, and to conduct joint activities through effort to further expand the Electronic Collaboration. Secondly, we have verified the individual effects of the relational and the environmental determinants on the Electronic Collaboration. Product Complexity has been revealed as the most influential variable affecting the Electronic Collaboration. Next, Interorganizational Trust and Technological Uncertainty, in that order, have been seen to have significant effects on the Electronic Collaboration. In other words, when products or services seem to be difficult to standardize, and the core technologies seem to rapidly change, the need for the Electronic Collaboration increase. In addition, the observation dictates that the interorganizational trust turns out to be a critical variable in building a relationship and in seeking further collaboration. The results, further, illustrate that the environmental determinants are relatively more effective than the relational determinants, which is not consistent with a few prior researches relational determinants emphasized. It is because this study doesn't consider the size of the firm. A few researchers have given an emphasis on the relational determinants like trust and influence, especially from the perspective of small firms in interorganizational relationship. However, in our study, where all the sizes of the firms are contained, electronic collaboration is considerably affected by the environmental determinants.

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기업간 공동연구개발의 성공과 위험요인 : 기존 연구의 분석 및 모형의 제안

  • Jeon, Jae-Uk;Mun, Hyeong-Gu
    • Journal of Technology Innovation
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    • v.11 no.2
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    • pp.91-121
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    • 2003
  • The rapid development and diversification of technology require that firms should adjust and cope with a high degree of uncertainty regarding independent efforts in technology development. An alternative to these strategic responses is the R&D or technological collaborations among firms. There have been many researches on the reasons for and effects of these collaborative relationships; however, research examining the risks involved in the process of collaboration is lacking. The researches into essential prerequisites for successful technological collaborations have remained more or less premature despite of the increasing demand for interfirm R&D collaborations. In other words, the existing literature has mainly focused on the choice of collaborations, but has paid little attention to the processes of collaborations. This study tries to identify and integrate both success and risk factors affecting the decision making of whether collaborations are attempted or not and R&D collaboration processes. Finally, a model of interfirm collaborations is suggested and also practical implications for the firms which consider R&D collaboration with other firms are provided.

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An Exploratory Study on the Key Factors of Interfirm R&D Collaboration and the Influence of Trust (기업간 연구개발협력에 대한 영향요인과 신뢰의 효과성에 관한 고찰)

  • 전재욱
    • Proceedings of the Technology Innovation Conference
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    • 1999.06a
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    • pp.119-139
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    • 1999
  • The rapid development and diversification of technology require that firms should adjust and cope with a high degree of uncertainty. An alternative to these strategic responses is the recent increase in the number of R&D or technological collaborations among firms. There have been continuous researches into the causes and effects of these collaborative relationships, but there is a lack of research that examines the risks involved in the process of collaboration. The researches into essential prerequisites for a successful technological collaboration have remained at the superficial level despite the surge in demand of R&D collaboration. Therefore, this study proposes positive & negative factors affecting the R&D collaboration process and selection point. In addition, a further step in analysis is taken by integrating both the positive & negative factors. This study emphasizes the importance of inter-trust in activating the process factors within the success factors and reducing the possibility of risk factors.

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