The complexity of vehicular embedded systems is continuously increasing and this can negatively affect their development cost and time to market. One way to alleviate these issues is to anticipate analysis of system properties at design time for early architectural refinements. In this paper, we present a licentiate work which aims at contributing to this effort. In particular, considering the ...

This research examines the returns to a cattle feeding operation that sorts animals prior to marketing using ultrasound technology. The returns to sorting are between $11 and $25 per head depending on the number of groups the pens in which cattle can be sorted. Sorting faces declining returns. These returns can also be viewed as the costs imposed by institutional constraints that limit co-mingl...

A dynamic model of investment process for a technology innovator in a market environment is designed. The ”light” dynamics of the active innovator is described by the system of exponential trajectories in which one can quickly change growth parameters. It is assumed that the innovator operates in the inert market environment which can be presented by ”heavy” exponential trajectories. The growth...

We assess and analyze the three components of active management (asset allocation, market timing and security selection) in the performance of pension funds. Security selection explains most of the differences in pension fund returns. Large pension funds in our sample on average provide value to their clients after accounting for all investment-related costs, both before and after risk-adjustin...

This paper considers the impact of the intellectual property (IP) system on the timing of cooperation/licensing by start-up technology entrepreneurs. If the market for technology licenses is efficient, the timing of licensing is independent of the patent grant date, and productive efficiency considerations will result in licensing as early as possible after invention. In contrast, the need for ...

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Consider a seller who faces two customer segments with differing valuations of quality of a durable product. Demand is stationary and knos-n. the technology exists to release two products simultaneously, and the seller car1 commit in advance to subsequent prices and qualities. Should he introduce two differentiated products at once or one at a time? Undcr the simultaneous strategy, the lowcr qu...

In this paper we investigate the pricing via utility indifference of the right to sell a non-traded asset. Consider an agent with power utility who owns a single unit of an indivisible, non-traded asset, and who wishes to choose the optimum time to sell this asset. Suppose that this right to sell forms just part of the wealth of the agent, and that other wealth can be invested in a complete fri...

The paper shows that in the presence of network externalities, consumers adopt conventional technologies too early; the waiting option for a newly emerging technology is not exercised enough. This problem is aggravated when the new technology is provided by a single producer with market power because any positive value created via waiting by current consumers will be ex post appropriated by the...