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Targeted Advertising and Media Market Competition 目标广告与媒体市场竞争
Pub Date : 2012-07-03 DOI: 10.2139/ssrn.2103061
J. Rutt
The Internet provides media firms with an unparalleled opportunity to target advertising towards their consumers. This paper considers how targeted advertising affects different media markets. I show that media firm profits rise and advertising prices rise the most with the ability to target advertising in more competitive media markets and those in which consumers are more averse to advertising. The results also have implications for the policy debate surrounding behavioral targeting techniques. In particular, in competitive media markets, targeted advertising may contribute to excessive media market entry and lead to under-provision of advertising. Such effects mitigate the positive welfare effects of targeting through improvements in the matching between consumers and advertisers.
互联网为媒体公司提供了一个无与伦比的机会来针对他们的消费者投放广告。本文考虑了定向广告如何影响不同的媒体市场。我表明,在竞争更激烈的媒体市场和消费者更讨厌广告的媒体市场中,媒体公司的利润上升和广告价格上涨最多。研究结果也对围绕行为定位技术的政策辩论产生了影响。特别是在竞争激烈的媒体市场中,有针对性的广告可能会导致媒体市场进入过多,并导致广告供应不足。这种效应通过改善消费者和广告商之间的匹配,减轻了目标定位的积极福利效应。
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引用次数: 7
Evaluation of Appointment Scheduling Rules: A Multi-Performance Measures Approach 预约调度规则的评价:一种多性能度量方法
Pub Date : 2012-06-18 DOI: 10.2139/ssrn.2086264
S. Creemers, P. Colen, M. Lambrecht
Appointment scheduling rules are used to determine when a customer is to receive service. Many appointment scheduling rules exist and are being used in practice (e.g., in healthcare and legal services). Which appointment scheduling rule is best, however, is still an open question. In order to answer this question, we develop an analytical model that allows to assess the performance (in terms of customer waiting time, server idle time and server overtime) of appointment scheduling rules in a wide variety of settings. More specifically, the model takes into account: (1) customer unpunctuality, (2) no-shows, (3) service interruptions and (4) delay of the service process. In addition, we allow the use of general distributions to capture system processes. We adopt an efficient algorithm (with respect to computational and memory requirements) to assess the performance of 314 scheduling rules and use data envelopment analysis to compare results.
预约调度规则用于确定客户何时接受服务。存在许多预约安排规则,并正在实践中使用(例如,在医疗保健和法律服务中)。然而,哪种预约安排规则是最好的,仍然是一个悬而未决的问题。为了回答这个问题,我们开发了一个分析模型,该模型允许在各种设置下评估约会调度规则的性能(根据客户等待时间、服务器空闲时间和服务器超时时间)。更具体地说,该模型考虑了:(1)顾客不守时;(2)未到;(3)服务中断;(4)服务过程延迟。此外,我们允许使用一般的发行版来捕获系统过程。我们采用高效算法(相对于计算和内存需求)来评估314个调度规则的性能,并使用数据包络分析来比较结果。
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引用次数: 6
The Potential Role of Carbon Labeling in a Green Economy 碳标签在绿色经济中的潜在作用
Pub Date : 2012-04-17 DOI: 10.2139/ssrn.2041535
M. Cohen, M. Vandenbergh
Over the past several years, labeling schemes that focus on a wide range of environmental and social metrics have proliferated. Although little empirical evidence has been generated with respect to carbon footprint labels, much can be learned from our experience with similar product labels. We first review the theory and evidence on the influence of product labeling on consumer and firm behavior. Next, we consider the role of governments and nongovernmental organizations, concluding that global, multistakeholder organizations have a critical part to play in setting protocols and standards. We argue that it is important to consider the entire life cycle of a product being labeled and develop an international standard for measurement and reporting. Finally, we examine the potential impact of carbon product labeling, discussing methodological and trade challenges and proposing a framework for choosing products best suited for labeling.
在过去的几年里,关注广泛的环境和社会指标的标签计划激增。虽然很少有关于碳足迹标签的经验证据,但我们可以从类似产品标签的经验中学到很多东西。我们首先回顾了产品标识对消费者和企业行为影响的理论和证据。接下来,我们将考虑政府和非政府组织的作用,得出结论认为,全球性的多利益相关方组织在制定协议和标准方面可以发挥关键作用。我们认为,重要的是要考虑产品的整个生命周期被标记,并制定测量和报告的国际标准。最后,我们研究了碳产品标签的潜在影响,讨论了方法和贸易挑战,并提出了一个选择最适合标签的产品的框架。
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引用次数: 147
Forecasting Customer Behaviour in a Multi-Service Financial Organisation: A Profitability Perspective 多服务金融机构的客户行为预测:盈利能力视角
Pub Date : 2012-04-01 DOI: 10.2139/ssrn.1714562
A. Audzeyeva, B. Summers, K. Schenk-Hoppé
This paper proposes a novel approach to the estimation of Customer Lifetime Value (CLV). CLV measures give an indication of the profit-generating potential of customers, and provide a key business tool for the customer management process. The performances of existing approaches are unsatisfactory in multi-service financial environments because of the high degree of heterogeneity in customer behaviour. We propose an adaptive segmentation approach which involves the identification of “neighbourhoods” using a similarity measure defined over a predictive variable space. The set of predictive variables is determined during a cross-validation procedure through the optimisation of rank correlations between the observed and predicted revenues. The future revenue is forecast for each customer using a predictive probability distribution based on customers exhibiting behavioural characteristics similar to previous periods. The model is developed and implemented for a UK retail bank, and is shown to perform well in comparison to other benchmark models.
本文提出了一种新的客户生命周期价值估算方法。CLV指标显示了客户产生利润的潜力,并为客户管理过程提供了一个关键的业务工具。由于客户行为的高度异质性,现有方法在多服务金融环境中的表现并不理想。我们提出了一种自适应分割方法,该方法涉及使用在预测变量空间上定义的相似性度量来识别“邻居”。在交叉验证过程中,通过优化观察到的收入和预测收入之间的秩相关性来确定预测变量集。根据客户表现出与前一时期相似的行为特征,使用预测概率分布来预测每个客户的未来收入。该模型是为一家英国零售银行开发和实施的,与其他基准模型相比,该模型表现良好。
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引用次数: 10
Are Streaming and Other Music Consumption Modes Substitutes or Complements? 流媒体和其他音乐消费模式是替代品还是补充?
Pub Date : 2012-03-16 DOI: 10.2139/ssrn.2025071
Godefroy Dang Nguyen, Sylvain Dejean, François Moreau
From a representative survey of 2,000 French individuals, we study whether consumption of music through streaming services, such as Spotify or YouTube, is a substitute or a complement to other music consumption modes such as CD, pay-downloads or live music. Controlling for the taste for music, various socio-demographic characteristics, as well as for the usual determinants of music consumption either offline (radio, TV, friends/relatives) or online (online recommendations, social networks), our results show that consuming music as streams (where the consumer does not possess the music but has just an access to it) has no significant effect on CDs purchase but is a complement to buying music online. The use of streaming services also affects positively live music attendance, but only for national or international artists who are more likely to be available on streaming services. These results suggest that a new music ecosystem is emerging in which the “possession” as well as the “access” modes of recorded music consumption might coexist.
通过对2000名法国人的代表性调查,我们研究了通过流媒体服务(如Spotify或YouTube)消费音乐是CD、付费下载或现场音乐等其他音乐消费模式的替代品还是补充。控制音乐品味,各种社会人口特征,以及音乐消费的通常决定因素,无论是离线(广播,电视,朋友/亲戚)还是在线(在线推荐,社交网络),我们的结果表明,以流媒体方式消费音乐(消费者不拥有音乐,但只是访问它)对cd购买没有显着影响,但是在线购买音乐的补充。流媒体服务的使用也会对现场音乐的上座率产生积极影响,但仅限于那些更有可能在流媒体服务上看到的国内或国际艺术家。这些结果表明,一个新的音乐生态系统正在出现,在这个生态系统中,录制音乐消费的“拥有”模式和“获取”模式可能共存。
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引用次数: 17
Crossing Industrial Borders: German Manufactures as Services Exporters 跨越工业边界:作为服务出口商的德国制造业
Pub Date : 2012-03-01 DOI: 10.2139/ssrn.2054737
Markus Kelle
Manufacturing firms increasingly engage in service trade activities. Microlevel data show that German manufacturers account for roughly 25% of German cross-border producer service exports. I have found that particular construction, engineering, and R&D services are exported. The machinery industries and automobile and chemicals producers dominate the overall pattern. The types of services exported vary strongly across industries. Furthermore, export activities are concentrated on a few large exporters. Service exports of advertising, data processing, and R&D services are found to likely support foreign affiliates of firms. However, these headquarter services are only infrequently observable. Much more important are construction and engineering services exported by machinery firms. These might represent installation and maintenance services exported to complement the supply of machinery. Beyond the support of foreign affiliates of firms, R&D services exports might be also important to transfer knowledge between unaffiliated firms at different stages of the value chain.
制造业企业越来越多地从事服务贸易活动。微观层面的数据显示,德国制造商约占德国跨境生产性服务出口的25%。我发现,某些建筑、工程和研发服务是出口的。机械工业和汽车、化工工业在整体格局中占主导地位。不同行业出口的服务类型差异很大。此外,出口活动集中在少数几个大出口国。据调查,广告、数据处理、研究开发(R&D)等服务出口对企业的海外分公司也起到了支持作用。然而,这些总部服务很少被观察到。更为重要的是机械公司出口的建筑和工程服务。这些可能是为补充机械供应而出口的安装和维修服务。除了对企业海外分支机构的支持外,研发服务出口对于价值链不同阶段的非分支机构之间的知识转移也可能很重要。
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引用次数: 13
Competing on Time: An Integrated Framework to Optimize Dynamic Time-to-Market and Production Decisions 按时竞争:优化动态上市时间和生产决策的集成框架
Pub Date : 2012-01-03 DOI: 10.2139/ssrn.2033842
Ö. Özer, O. Uncu
This paper develops a comprehensive framework to optimize new product introduction timing and subsequent production decisions faced by a component supplier. Prior to market entry and production, the supplier performs process design activities, which improve manufacturing yield and the chances of getting qualified for the customer's product. However, a long delay in market entry and application for qualification allows competitors to enter the market and pass the customer's qualification process before the supplier, reducing the supplier's share of the customer's business. After entering the market and if qualified, the supplier also needs to decide how much to produce for a finite planning horizon by considering several factors such as manufacturing yield and stochastic demand, both of which depend on the earlier time-to-market and qualification process. To capture this dependency, we develop a sequential, nested, two-stage decision framework to optimize the time-to-market and production decisions in relation to each other. We show that the supplier's optimal market entry and qualification timing decision need to be revised in real time based on the number of qualified competitors at the time of market entry decision. We establish the optimality of a threshold policy. Following this policy, at the beginning of each decision epoch, the supplier optimally stops preparing for qualification and decides whether to enter the market by applying for qualification if her order among qualified competitors exceeds a predetermined threshold. We also prove that the supplier's optimal production policy is a state-dependent, base-stock policy, which depends on the time-to-market and qualification decisions. We quantify the value of a dynamic optimal time-to-market strategy and when such a policy significantly improves profits. We also identify market characteristics and operating conditions under which dynamic optimal qualification timing and production policy has a high pay-off.
本文开发了一个全面的框架来优化零部件供应商面临的新产品推出时间和后续生产决策。在进入市场和生产之前,供应商进行工艺设计活动,以提高制造良率和客户产品合格的机会。但是,由于进入市场和申请资格的时间较长,竞争者可以先于供应商进入市场并通过客户的资格认证过程,从而降低了供应商在客户业务中的份额。进入市场后,如果合格,供应商还需要考虑几个因素,如制造产量和随机需求,来决定在有限的计划范围内生产多少,这两个因素都取决于较早的上市时间和认证过程。为了捕获这种依赖性,我们开发了一个顺序的、嵌套的、两阶段的决策框架,以优化上市时间和生产决策之间的关系。研究表明,供应商的最优市场进入和资格时机决策需要根据市场进入决策时合格竞争者的数量进行实时修正。我们建立了阈值策略的最优性。根据该策略,在每个决策周期的开始,当供应商在合格竞争者中的订单超过预定阈值时,供应商最优地停止资格准备,并决定是否通过申请资格进入市场。我们还证明了供应商的最优生产策略是一个依赖于状态的基本库存策略,它依赖于上市时间和资格决策。我们量化了动态最优上市时间策略的价值,以及这种策略何时能显著提高利润。我们还确定了市场特征和运行条件,在这些条件下,动态最优认证时间和生产政策具有高回报。
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引用次数: 28
Service and the Business Models of Product Firms: An Empirical Analysis of the Software Industry 服务与产品企业的商业模式:基于软件产业的实证分析
Pub Date : 2011-11-11 DOI: 10.2139/ssrn.2363337
Fernando F. Suarez, M. Cusumano, Steven J. Kahl
Some product firms increasingly rely on service revenues as part of their business models. One possible explanation is that they turn to services to generate additional profits when their product industries mature and product revenues and profits decline. We explore this assumption by examining the role of services in the financial performance of firms in the prepackaged software products industry Standard Industrial Classification code 7372 from 1990 to 2006. We find a convex, nonlinear relationship between a product firm's fraction of total sales coming from services and its overall operating margins. As expected, firms with a very high level of product sales are most profitable, and rising services are associated with declining profitability. We find, however, that additional services start to have a positive marginal effect on the firm's overall profits when services reach a majority of a product firm's sales. We show that traditional industry maturity arguments cannot fully explain our data. It is likely that changes in both strategy and the business environment lead product firms to place more emphasis on services. This paper was accepted by Christoph Loch, R&D and product development.
一些产品公司越来越依赖服务收入作为其商业模式的一部分。一种可能的解释是,当他们的产品行业成熟,产品收入和利润下降时,他们转向服务以产生额外的利润。我们通过研究1990年至2006年预包装软件产品行业标准行业分类代码7372中服务在公司财务绩效中的作用来探索这一假设。我们发现产品公司的总销售额中来自服务的部分与其总体营业利润率之间存在一个凸的非线性关系。正如预期的那样,产品销售水平非常高的公司是最有利可图的,而服务的增加与盈利能力的下降有关。然而,我们发现,当服务达到产品公司销售的大部分时,额外的服务开始对公司的总体利润产生积极的边际效应。我们表明,传统的行业成熟度理论并不能完全解释我们的数据。很可能是战略和商业环境的变化导致产品公司更加重视服务。本文被Christoph Loch, R&D和产品开发部接受。
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引用次数: 294
Who Decides the Shape of Product Markets? The Knowledge Institutions Who Name and Categorize New Technologies 谁决定产品市场的形态?命名和分类新技术的知识机构
Pub Date : 2011-09-16 DOI: 10.2139/ssrn.1928866
N. Pollock, Robin Williams
We consider naming and categorization practices within the information technology (IT) arena. In particular, with how certain terminologies are able to colonise wide areas of activity and endure for relatively long periods of time, despite the diversity and incremental evolution of individual technical instances. This raises the question as to who decides whether or not a particular vendor technology is part of a product category. Who decides the boundaries around a technology nomenclature? Existing Information Systems scholarship has tended to present terminologies as shaped by wide communities of players but this does not capture how particular kinds of knowledge institutions have emerged in recent year to police the confines of technological fields. The paper follows the work of one such group of experts – the industry analyst firm Gartner Inc. – and discusses their current and past role in the evolution of Customer Relationship Management (CRM) software. We show how they make regular (but not always successful) ‘naming interventions’ within the IT domain and how they attempt to regulate the boundaries that they and others have created through episodes of ‘categorisation work.’ These experts not only attempt to exercise control over a terminology but also the interpretation of that name. Our arguments are informed by ethnographic observations carried out on the eve of the contemporary CRM boom and interviews conducted more recently as part of an ongoing investigation into industry analysts. The paper bridges a number of disparate bodies of literature from Information Systems, Economic Sociology, the Sociology of Scientific Knowledge, and Science and Technology Studies.
我们考虑在信息技术(IT)领域中的命名和分类实践。特别是,尽管个别技术实例的多样性和增量演变,某些术语如何能够在广泛的活动领域中占据一席之地,并持续相对较长的时间。这就提出了一个问题,即由谁来决定某一特定供应商的技术是否属于某一产品类别。谁决定技术命名法的边界?现有的信息系统学术倾向于将术语呈现为由广泛的参与者社区形成的,但这并没有捕捉到近年来出现的特定类型的知识机构如何监管技术领域的界限。这篇论文遵循了一个这样的专家小组——行业分析公司Gartner Inc.——的工作,并讨论了他们在客户关系管理(CRM)软件发展中的当前和过去的角色。我们展示了他们如何在IT领域内进行常规的(但并不总是成功的)“命名干预”,以及他们如何试图规范他们和其他人通过“分类工作”创建的边界。这些专家不仅试图控制一个术语,还试图控制对该名称的解释。我们的论点是基于在当代客户关系管理热潮前夕进行的人种学观察,以及最近对行业分析师进行的调查的一部分采访。这篇论文将信息系统、经济社会学、科学知识社会学和科学技术研究等不同学科的文献联系起来。
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引用次数: 0
No Soliciting: Strategies for Managing Unsolicited Innovative Ideas 不招揽:管理非应邀创新想法的策略
Pub Date : 2011-09-07 DOI: 10.2139/ssrn.1659749
O. Alexy, P. Criscuolo, A. Salter
Unsolicited ideas, the non-contractual and voluntary submission of innovation-related information from external sources to the firm, hold the promise of becoming an almost costless and limitless font for firms’ innovative efforts. In contrast, in this paper, we analyze the difficulties associated with unsolicited ideas processes to understand the problems that firms intending to engage in this form of open and distributed innovation are facing. In particular, we look at the costs that arise from the managerial attention unsolicited ideas require, and the legal setting the process is embedded in. We do so using a series of exploratory interviews, an in-depth case study, and a web-based analysis of the current management practices used by the world’s 150 largest firms. Highlighting quality, quantity, and Intellectual Property issues as the key concerns, we uncover that firms use distinct strategies, which we label signaling, structuring, and selecting, to increase the efficiency and efficacy of the unsolicited ideas process. We discuss the implication of our findings for theories of open and distributed innovation and for management practice.NOTE: Please note that the published version has been substantially extended beyond this draft. Please see Alexy, O., Criscuolo, P., & Ammon, S. 2012. Managing unsolicited ideas for R&D. California Management Review, 54(3): 116-139.
不请自来的想法,即从外部来源向企业自愿提交的与创新相关的信息,有望成为企业创新努力的几乎无成本和无限的源泉。相比之下,在本文中,我们分析了与主动征求的想法过程相关的困难,以了解打算从事这种形式的开放和分布式创新的公司所面临的问题。特别地,我们会看到由于主动提出的想法所需要的管理关注而产生的成本,以及该过程所涉及的法律环境。我们通过一系列探索性访谈、深入的案例研究,以及对全球150家最大公司当前管理实践的网络分析来实现这一目标。强调质量、数量和知识产权问题是关键问题,我们发现公司使用不同的策略,我们将其标记为信号、结构和选择,以提高主动征求意见过程的效率和功效。我们讨论了我们的发现对开放和分布式创新理论和管理实践的意义。注意:请注意,已发布的版本已大大扩展到此草案之外。参见Alexy, O., Criscuolo, P., and Ammon, S. 2012。管理不请自来的研发想法。管理学报,34(3):1169 - 1169。
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引用次数: 13
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Entrepreneurship & Marketing eJournal
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