Modeling technological innovation risks of an entrepreneurial team using system dynamics: An agent-based perspective

被引:123
作者
Wu, Desheng Dash [1 ,2 ]
Xie Kefan [3 ]
Hua, Liu [3 ]
Shi, Zhao [3 ]
Olson, David L. [4 ]
机构
[1] Reykjavik Univ, IS-103 Reykjavik, Iceland
[2] Univ Toronto, RiskLab, Toronto, ON M5S 1A1, Canada
[3] Wuhan Univ Technol, Wuhan 430070, Hubei, Peoples R China
[4] Univ Nebraska, Dept Management, Lincoln, NE 68588 USA
基金
中国国家自然科学基金;
关键词
Risk-based decision-making (RDM); Entrepreneurial team; Technological innovation risk; Agent-based modeling; System dynamics;
D O I
10.1016/j.techfore.2010.01.015
中图分类号
F [经济];
学科分类号
02 ;
摘要
Continuous technological innovation has been playing a vital role in ensuring the survival and development of an enterprise in today's economy. This paper studies the problem of technological innovation risk-based decision-making from an entrepreneurial team point of view. We identify the differences between this team decision-making and a traditional individual decision-making problem, where decisions are mainly affected by the decision-maker's risk and value perceptions, and risk preferences. We create a modeling framework for such a new problem, and use system dynamics theory to model it from the agent-based modeling perspective. The proposed approach is validated by a case study of the technological innovation risk decision-making in a Chinese automobile company. (C) 2010 Elsevier Inc. All rights reserved.
引用
收藏
页码:857 / 869
页数:13
相关论文
共 21 条
[11]   PSYCHOLOGY OF PREDICTION [J].
KAHNEMAN, D ;
TVERSKY, A .
PSYCHOLOGICAL REVIEW, 1973, 80 (04) :237-251
[12]   Social interaction: A determinant of entrepreneurial team venture success [J].
Lechler, T .
SMALL BUSINESS ECONOMICS, 2001, 16 (04) :263-278
[13]   Brownian agent-based technology forecasting [J].
Shin, Juneseuk ;
Park, Yongtae .
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2009, 76 (08) :1078-1091
[14]  
Sterman JohnD., 2000, BUSINESS DYNAMICS
[15]  
THURSTON PH, 1986, HARVARD BUSINESS NOV
[16]   JUDGMENT UNDER UNCERTAINTY - HEURISTICS AND BIASES [J].
TVERSKY, A ;
KAHNEMAN, D .
SCIENCE, 1974, 185 (4157) :1124-1131
[17]   Combined forecast process: Combining scenario analysis with the technological substitution model [J].
Wang, Ming-Yeu ;
Lan, Wei-Ting .
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2007, 74 (03) :357-378
[18]  
WU D, 2009, INT J PRODU IN PRESS
[19]  
WU D, 2008, J OPER IN PRESS 0915
[20]   Supply chain risk, simulation, and vendor selection [J].
Wu, Desheng ;
Olson, David L. .
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS, 2008, 114 (02) :646-655