I introduce a strategic seller to a standard model of real options. A privately informed seller, such as a startup, tries to court a forward-looking buyer, such as a venture capitalist. The buyer learns gradually about the seller’s quality, high or low, through exogenous news and can “adopt” the seller at any time. The seller pays a flow cost but can exit or privately upgrade its quality at any...

This study focuses on the antecedents and consequences of Internet buyer regret in the overall purchasing process. We examine the roles that search effort, service-attribute evaluations, product-attribute evaluations and post-purchase price perceptions play in determining buyer regret and satisfaction in e-commerce. Furthermore, the study examines the consequences of regret and satisfaction in ...

We have developed a process model that learns in multiple ways while finding faults in a simple control panel device. The model predicts human participants' learning through its own learning. The model's performance was systematically compared to human learning data, including the time course and specific sequence of learned behaviors. These comparisons show that the model accounts very well fo...

This paper studies the quantity-quality trade-o¤model of fertility, under the assumption of hyperbolic discounting. It shows that the lack of self-control may play a di¤erent role in a developed economy and in a developing one. In the …rst case characterized by a positive investment in quality, the lack of self control tends to reduce fertility. In the second case, it is possible that the lack ...

Abstract. Business value attainment should be a key consideration when designing software processes. Ideally they are structured to meet organizational business goals, but it is usually difficult to integrate the process and business perspectives quantitatively. This research uses modeling and simulation to assess process tradeoffs for business case analysis. A model for commercial software ent...

Previous studies in the issue of supply chain models with imperfect quality assumed the defectives could be sold at lower unit price by the end of the inspection process and the lot-for-lot delivery policy was employed. However, in practice, defective items may have no salvage value but may need additional disposal cost to process them. The beginning of the printed circuit board (PCB) industry ...

This paper presents an analytical model for choosing optimal investment schedules for the development of new systems under various types of risk. Two modes of risk reduction are considered. In the first mode, risk is reduced by gathering information through prototype building or sequential development, where risky parameters are assumed to have unknown but fixed values. The second mode involves...

Numerous research have been discovered to developed internationalization process model (investment to other country market). Like Johanson and Vahlne, they are among the first to discuss the internationalization process model. There are four key items underlying Johanson and Vahlne’s model, those are market knowledge, market commitment, commitment decision, and current activities. However, many...