Pub Date : 2018-06-01DOI: 10.1109/TEMSCON.2018.8488446
Donna L. Ogle
There is a concern that computer technology will replace jobs at a large rate within the near future. In the study of Big Data, a recurring theme comes through. There is a great deal of data available and there is a need to understand this data. Machine analytics can help organizations understand these numbers, and computers are learning from these large datasets. Because of this machine learning, computer technology will have the ability to “think”, i.e. artificial intelligence. An assumption frequently made is that this technology will take over many current jobs. Recently, there has been an immense amount of discussion on this topic in the media. But is it true? This paper will list some management challenges in this possible job transition.
{"title":"Management Challenges in Technological Job Loss","authors":"Donna L. Ogle","doi":"10.1109/TEMSCON.2018.8488446","DOIUrl":"https://doi.org/10.1109/TEMSCON.2018.8488446","url":null,"abstract":"There is a concern that computer technology will replace jobs at a large rate within the near future. In the study of Big Data, a recurring theme comes through. There is a great deal of data available and there is a need to understand this data. Machine analytics can help organizations understand these numbers, and computers are learning from these large datasets. Because of this machine learning, computer technology will have the ability to “think”, i.e. artificial intelligence. An assumption frequently made is that this technology will take over many current jobs. Recently, there has been an immense amount of discussion on this topic in the media. But is it true? This paper will list some management challenges in this possible job transition.","PeriodicalId":346867,"journal":{"name":"2018 IEEE Technology and Engineering Management Conference (TEMSCON)","volume":"76 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124096610","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-06-01DOI: 10.1109/TEMSCON.2018.8488447
Subodha Dharmapriya, Senevi B. Kiridena, N. Shukla
In this paper, we develop a novel multi-objective modeling approach to support supply network configuration decisions, while considering varying demand profiles. In so doing, we illustrate how such an approach could contribute to building supply network robustness and resilience. The proposed model entails two key objectives; minimizing lead time and cost across the supply network. The solution approach first employs a bidding mechanism to select a set of supply network entities that match with a given demand profile from a candidate pool of entities. It then applies the popular technique known as N on-dominated Sorting Genetic Algorithm-II to generate a set of Pareto-optimal solutions representing alternative supply network configurations. The proposed model is tested on a case study of a refrigerator supply network to draw delivery time and cost comparisons under static and dynamic demand profiles.
{"title":"Modeling supply network configuration problems with varying demand profiles","authors":"Subodha Dharmapriya, Senevi B. Kiridena, N. Shukla","doi":"10.1109/TEMSCON.2018.8488447","DOIUrl":"https://doi.org/10.1109/TEMSCON.2018.8488447","url":null,"abstract":"In this paper, we develop a novel multi-objective modeling approach to support supply network configuration decisions, while considering varying demand profiles. In so doing, we illustrate how such an approach could contribute to building supply network robustness and resilience. The proposed model entails two key objectives; minimizing lead time and cost across the supply network. The solution approach first employs a bidding mechanism to select a set of supply network entities that match with a given demand profile from a candidate pool of entities. It then applies the popular technique known as N on-dominated Sorting Genetic Algorithm-II to generate a set of Pareto-optimal solutions representing alternative supply network configurations. The proposed model is tested on a case study of a refrigerator supply network to draw delivery time and cost comparisons under static and dynamic demand profiles.","PeriodicalId":346867,"journal":{"name":"2018 IEEE Technology and Engineering Management Conference (TEMSCON)","volume":"173 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120924591","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-06-01DOI: 10.1109/TEMSCON.2018.8488439
Suisin Lam-Lam, Eduardo Ahumada-Tello, I. Plascencia-López, J. M. Perusquia-Velasco
The present article describes a general overview of basic concepts that coincide with the point of view of several researchers on the subject of social entrepreneurship, the characteristics, personality traits and the entrepreneurial process within a social context, the possible challenges and how to overcome them; so that capabilities and competences to become a social entrepreneurs or a social innovator can be developed through education and by implementing specific pedagogical strategies.
{"title":"Social Entrepreneurship as the Novel Approach to Modern Innovative Entrepreneurs","authors":"Suisin Lam-Lam, Eduardo Ahumada-Tello, I. Plascencia-López, J. M. Perusquia-Velasco","doi":"10.1109/TEMSCON.2018.8488439","DOIUrl":"https://doi.org/10.1109/TEMSCON.2018.8488439","url":null,"abstract":"The present article describes a general overview of basic concepts that coincide with the point of view of several researchers on the subject of social entrepreneurship, the characteristics, personality traits and the entrepreneurial process within a social context, the possible challenges and how to overcome them; so that capabilities and competences to become a social entrepreneurs or a social innovator can be developed through education and by implementing specific pedagogical strategies.","PeriodicalId":346867,"journal":{"name":"2018 IEEE Technology and Engineering Management Conference (TEMSCON)","volume":"170 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122806384","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-06-01DOI: 10.1109/TEMSCON.2018.8488411
Chen Feng, Hongyi Chen, Jonathan C. Ho
In this article, key factors that contribute to the successful diffusion of sustainable innovations are explored in the cosmetic industry. Through case studies and surveys, obstacles and challenges facing cosmetic companies that either start as a sustainable cosmetic company or decides to include sustainable cosmetics in its product portfolio are discussed. Suggestions for those companies to not only survive but also thrive in an already saturated cosmetic product industry are provided. They include strategies that help cosmetic companies to better integrate sustainability into the core of their business strategies and managerial operations. Based on insights gained from the literature review and case studies, three main successful factors-customer education, company image building, and establishing strategic alliance are identified and illustrated in details.
{"title":"Promoting the Diffusion of Sustainable Innovations in the Cosmetic Industry","authors":"Chen Feng, Hongyi Chen, Jonathan C. Ho","doi":"10.1109/TEMSCON.2018.8488411","DOIUrl":"https://doi.org/10.1109/TEMSCON.2018.8488411","url":null,"abstract":"In this article, key factors that contribute to the successful diffusion of sustainable innovations are explored in the cosmetic industry. Through case studies and surveys, obstacles and challenges facing cosmetic companies that either start as a sustainable cosmetic company or decides to include sustainable cosmetics in its product portfolio are discussed. Suggestions for those companies to not only survive but also thrive in an already saturated cosmetic product industry are provided. They include strategies that help cosmetic companies to better integrate sustainability into the core of their business strategies and managerial operations. Based on insights gained from the literature review and case studies, three main successful factors-customer education, company image building, and establishing strategic alliance are identified and illustrated in details.","PeriodicalId":346867,"journal":{"name":"2018 IEEE Technology and Engineering Management Conference (TEMSCON)","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121118745","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-06-01DOI: 10.1109/TEMSCON.2018.8488429
Xaver Neumeyer, S. Santos, Michael H. Morris
Although technology is ubiquitous in developed countries, a stark divide in technology literacy exists for groups with low socio-economic status. That is especially relevant for poverty entrepreneurs, who struggle to integrate technology and therefore limit the survivability and growth of their ventures. However, current research on this issue is still scarce. Therefore, our paper attempts to address this gap by discussing how technology affects poverty entrepreneurs' opportunity horizon and decision-making processes. We are also taking a closer look at technology literacy and the digital divide and what how they affect poverty entrepreneurs' ventures.
{"title":"Poverty Entrepreneurs and Technology","authors":"Xaver Neumeyer, S. Santos, Michael H. Morris","doi":"10.1109/TEMSCON.2018.8488429","DOIUrl":"https://doi.org/10.1109/TEMSCON.2018.8488429","url":null,"abstract":"Although technology is ubiquitous in developed countries, a stark divide in technology literacy exists for groups with low socio-economic status. That is especially relevant for poverty entrepreneurs, who struggle to integrate technology and therefore limit the survivability and growth of their ventures. However, current research on this issue is still scarce. Therefore, our paper attempts to address this gap by discussing how technology affects poverty entrepreneurs' opportunity horizon and decision-making processes. We are also taking a closer look at technology literacy and the digital divide and what how they affect poverty entrepreneurs' ventures.","PeriodicalId":346867,"journal":{"name":"2018 IEEE Technology and Engineering Management Conference (TEMSCON)","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114285441","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-06-01DOI: 10.1109/TEMSCON.2018.8488405
A. Algarni
Trust and national culture are important factors in organisational performance and the relationship between the two needs to be fully understood. The paper reports a study of engineering managers and employees working in Saudi Arabia and of both Saudi and non-Saudi nationality. Two survey instruments, Modified McAllister's cognitive and affective trust scale and Organisational Trust Inventory (OTI), are used to assess the level of trust in the immediate supervisor, CEO and organisation in engineering managers and employees. Two subgroups, high collectivist and high individualist respondents are then analysed. Parametric statistics are applied with a T-test analysis used to assesses whether the means of the two groups are statistically different from each other. The paper finds that there is a significant difference between high collectivist and high individualist engineering managers and employees for all three of the referents, trust in supervisor, trust in CEO and trust in organization. In each case engineers from a high collectivist culture report a higher trust perception.
{"title":"The national culture effect: Trust at Saudi Arabian petrochemical engineering firms","authors":"A. Algarni","doi":"10.1109/TEMSCON.2018.8488405","DOIUrl":"https://doi.org/10.1109/TEMSCON.2018.8488405","url":null,"abstract":"Trust and national culture are important factors in organisational performance and the relationship between the two needs to be fully understood. The paper reports a study of engineering managers and employees working in Saudi Arabia and of both Saudi and non-Saudi nationality. Two survey instruments, Modified McAllister's cognitive and affective trust scale and Organisational Trust Inventory (OTI), are used to assess the level of trust in the immediate supervisor, CEO and organisation in engineering managers and employees. Two subgroups, high collectivist and high individualist respondents are then analysed. Parametric statistics are applied with a T-test analysis used to assesses whether the means of the two groups are statistically different from each other. The paper finds that there is a significant difference between high collectivist and high individualist engineering managers and employees for all three of the referents, trust in supervisor, trust in CEO and trust in organization. In each case engineers from a high collectivist culture report a higher trust perception.","PeriodicalId":346867,"journal":{"name":"2018 IEEE Technology and Engineering Management Conference (TEMSCON)","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114201215","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-06-01DOI: 10.1109/TEMSCON.2018.8488434
Gregory S Prentice, I. D. De Kock, A. Brent
Globally, the importance of sustainable development is recognized due to a number of interconnected social, environmental, and economic challenges. One of the key tenets of sustainable development is the introduction of clean energy, and specifically renewable energy technologies (RETs). The acceleration of the adoption of RETs, however, requires an increase in the rate of commercialization of such technologies; classified as multi-technology renewable energy systems (MTRESs) due to the hierarchical nature of such systems, with differing commercialization-based needs. A strategic management framework was designed as a tool to support the development of strategies for increasing the commercialization rate of MTRESs, and applied to the case of concentrating solar power (CSP) technologies in South Africa. The framework serves as a proof-of-concept, given the current industry constraints, due to political uncertainties in the energy sector of the country, and the theoretical validation process followed. While commercialization prospects for CSP technologies in South Africa could be improved through positioning the country within the global production network of CSP technologies, it is difficult to commercialize a technology for a foreign market. In addition, the paper encourages dialogue on how different stakeholders may be mobilized in the interests of a given technology, while continuing a recent trend in literature, which seeks to move the conversation from energy analysis to practical measures, aimed at hastening efforts towards a sustainable energy transition.
{"title":"A Strategic Management Framework for the Commercialization of Multi-Technology Renewable Energy Systems: The Case of Concentrating Solar Power Technologies in South Africa","authors":"Gregory S Prentice, I. D. De Kock, A. Brent","doi":"10.1109/TEMSCON.2018.8488434","DOIUrl":"https://doi.org/10.1109/TEMSCON.2018.8488434","url":null,"abstract":"Globally, the importance of sustainable development is recognized due to a number of interconnected social, environmental, and economic challenges. One of the key tenets of sustainable development is the introduction of clean energy, and specifically renewable energy technologies (RETs). The acceleration of the adoption of RETs, however, requires an increase in the rate of commercialization of such technologies; classified as multi-technology renewable energy systems (MTRESs) due to the hierarchical nature of such systems, with differing commercialization-based needs. A strategic management framework was designed as a tool to support the development of strategies for increasing the commercialization rate of MTRESs, and applied to the case of concentrating solar power (CSP) technologies in South Africa. The framework serves as a proof-of-concept, given the current industry constraints, due to political uncertainties in the energy sector of the country, and the theoretical validation process followed. While commercialization prospects for CSP technologies in South Africa could be improved through positioning the country within the global production network of CSP technologies, it is difficult to commercialize a technology for a foreign market. In addition, the paper encourages dialogue on how different stakeholders may be mobilized in the interests of a given technology, while continuing a recent trend in literature, which seeks to move the conversation from energy analysis to practical measures, aimed at hastening efforts towards a sustainable energy transition.","PeriodicalId":346867,"journal":{"name":"2018 IEEE Technology and Engineering Management Conference (TEMSCON)","volume":"1 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131775326","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-06-01DOI: 10.1109/TEMSCON.2018.8488440
Alireza Namdari, Z. Li
We use Multi-layer Perceptron and propose a hybrid model of fundamental and technical analysis by utilizing stock prices (from 2012–06 to 2017–12) and financial ratios of Technology companies listed on Nasdaq. Our model uses data discretization and feature selection preprocesses. The best results are obtained through topology optimizations using a three-hidden layer MLP. We examine the predictability of our hybrid model through a training/test split and cross-validation. It is found that the hybrid model successfully predicts the future stock movements. Our model results in the greatest average directional accuracy (65.87%) compared to the results obtained from the fundamental and technical analysis in isolation. The numerical results provide enough evidence to conclude that the market is not perfectly efficient.
{"title":"Integrating Fundamental and Technical Analysis of Stock Market through Multi-layer Perceptron","authors":"Alireza Namdari, Z. Li","doi":"10.1109/TEMSCON.2018.8488440","DOIUrl":"https://doi.org/10.1109/TEMSCON.2018.8488440","url":null,"abstract":"We use Multi-layer Perceptron and propose a hybrid model of fundamental and technical analysis by utilizing stock prices (from 2012–06 to 2017–12) and financial ratios of Technology companies listed on Nasdaq. Our model uses data discretization and feature selection preprocesses. The best results are obtained through topology optimizations using a three-hidden layer MLP. We examine the predictability of our hybrid model through a training/test split and cross-validation. It is found that the hybrid model successfully predicts the future stock movements. Our model results in the greatest average directional accuracy (65.87%) compared to the results obtained from the fundamental and technical analysis in isolation. The numerical results provide enough evidence to conclude that the market is not perfectly efficient.","PeriodicalId":346867,"journal":{"name":"2018 IEEE Technology and Engineering Management Conference (TEMSCON)","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123867262","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-06-01DOI: 10.1109/TEMSCON.2018.8488421
G. Schuh, J. Prote, S. Dany, Pia Walendzik
Start-ups face the challenge to develop their product or service at the same time as they seek to build their organizational structure and processes. Existing approaches to organizational design focus on the redesign of established structures of a company. Therefore, a prerequisite for the application of existing approaches are structures and mature processes, which makes them inapplicable in a start-up context. One of the key challenges is the right time to redesign. In this paper, we present an approach to systematically identify the need for adaption of the organizational structure based on characteristic indicators, which are resources, organizational structure and process organization.
{"title":"Organizational design for producing start-ups","authors":"G. Schuh, J. Prote, S. Dany, Pia Walendzik","doi":"10.1109/TEMSCON.2018.8488421","DOIUrl":"https://doi.org/10.1109/TEMSCON.2018.8488421","url":null,"abstract":"Start-ups face the challenge to develop their product or service at the same time as they seek to build their organizational structure and processes. Existing approaches to organizational design focus on the redesign of established structures of a company. Therefore, a prerequisite for the application of existing approaches are structures and mature processes, which makes them inapplicable in a start-up context. One of the key challenges is the right time to redesign. In this paper, we present an approach to systematically identify the need for adaption of the organizational structure based on characteristic indicators, which are resources, organizational structure and process organization.","PeriodicalId":346867,"journal":{"name":"2018 IEEE Technology and Engineering Management Conference (TEMSCON)","volume":"285 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121063168","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-06-01DOI: 10.1109/TEMSCON.2018.8488410
C. Peckham
Mergers and acquisitions (M&A) can cause stress to organizations and many transactions fail to meet their objectives. Several areas need to be considered during M&A transactions and if these areas are not fully understood, the expected value of the transaction may not be realized. This paper highlights how different areas to watch during a transaction are important to the overall success of the event. These areas include culture, institutional knowledge, experience of the management team, leadership, human resources, overall process, and existing systems which can each impact the success of the transaction. The combining of different organizations can be difficult based on their culture which guides how they interact with employees, customers, vendors, stakeholders, and others. Ambiguities need to be addressed as quickly as they can so that a solid transition plan can be developed, communicated, and implemented. Finally, the systems deployed to help manage the new organization can also impact the success of the transaction. The necessary steps across all of the discussed areas need to be understood and properly executed to obtain the desired value of the transaction.
{"title":"Areas to Watch During a M&A Transaction","authors":"C. Peckham","doi":"10.1109/TEMSCON.2018.8488410","DOIUrl":"https://doi.org/10.1109/TEMSCON.2018.8488410","url":null,"abstract":"Mergers and acquisitions (M&A) can cause stress to organizations and many transactions fail to meet their objectives. Several areas need to be considered during M&A transactions and if these areas are not fully understood, the expected value of the transaction may not be realized. This paper highlights how different areas to watch during a transaction are important to the overall success of the event. These areas include culture, institutional knowledge, experience of the management team, leadership, human resources, overall process, and existing systems which can each impact the success of the transaction. The combining of different organizations can be difficult based on their culture which guides how they interact with employees, customers, vendors, stakeholders, and others. Ambiguities need to be addressed as quickly as they can so that a solid transition plan can be developed, communicated, and implemented. Finally, the systems deployed to help manage the new organization can also impact the success of the transaction. The necessary steps across all of the discussed areas need to be understood and properly executed to obtain the desired value of the transaction.","PeriodicalId":346867,"journal":{"name":"2018 IEEE Technology and Engineering Management Conference (TEMSCON)","volume":"99 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114500937","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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