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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Decision Support Sys...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Decision Support Systems
Article . 2006 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
DBLP
Article . 2006
Data sources: DBLP
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A Decision Support System for evaluating operations investments in high-technology business

Authors: Adolfo Crespo Marquez; Carol Blanchar;

A Decision Support System for evaluating operations investments in high-technology business

Abstract

The evolution in the way that businesses approach markets has been a frequent literature topic in the last few years. In the high-tech industry, even the most successful companies have been mainly focused on the features of their products and processes, trying to develop their technology to gain a price/performance advantage, and thereby protect or increase market share. However, this approach is disconnected from their beliefs about what target customers really care about, nor does it is consider which of those underlying assumptions are most critical to business growth in share, revenue, and profit. This paper proposes a Decision Support System (DSS) to connect customer value to business targets, providing scenarios to show the customer responses and business results that will enable future funding, with optimization techniques to compare alternatives. The first step is for business planners to characterize their target market by formalizing what are often informal but deeply held beliefs about what drives their customers' purchase decisions. They create a list of attributes that together define customer value, the basis on which customers in the target market compare and select from competing products. With that attribute list, planners sometimes are able to go further and segment their market by grouping customers together who put top priority on the same attributes. This system dynamics model connects planned investments to expected improvements in the customer's perception of those critical attributes, (relative to the competition), and thus increase sales, revenue, and market share.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
41
Top 10%
Top 10%
Top 10%
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