Linking Optimal Design Decisions to the Theory of the Firm: The Case of Resource Allocation

2005 ◽  
Vol 127 (3) ◽  
pp. 358 ◽  
Author(s):  
Panayotis Georgiopoulos ◽  
Mattias Jonsson ◽  
Panos Y. Papalambros
Keyword(s):  
Resource Allocation ◽  
Optimal Design ◽  
Theory Of The Firm ◽  
Design Decisions

Choosing care

2017 ◽  
Author(s):  
Alan Cribb
Keyword(s):  
Decision Making ◽  
Resource Allocation ◽  
Health Systems ◽  
Social Action ◽  
Agenda Setting ◽  
Clinical Decision Making ◽  
Active Role ◽  
Clinical Decision ◽  
Service Planning ◽  
Design Decisions

This chapter focuses on some of the mainstream and circumscribed examples of rethinking agency. Once one starts seeing and treating people as healthcare actors—as having something to contribute to their own care and to health systems and environments—many possibilities emerge. Some of these are already absorbed into mainstream thinking and others are more challenging or radical. The former includes the expectation that patients should play an active role in clinical decision making that affects them. The latter extend much more widely—questioning why ‘lay people’ are often allowed to be influential only in circumscribed instances, when their agency and perspectives could be equally influential in agenda setting and design decisions in all aspects of service planning, care provision, research, resource allocation and so on. This question highlights the potential to move beyond an individualist or consumerist conception of agency and towards more civic, social and democratic conceptions of social action.

Theory of the Firm: Resource Allocation in a Market Economy

Econometrica ◽  
1967 ◽  
Vol 35 (2) ◽  
pp. 365
Author(s):  
Bernard J. Marks ◽  
Kalman J. Cohen ◽  
Richard M. Cyert
Keyword(s):  
Resource Allocation ◽  
Market Economy ◽  
Theory Of The Firm

Theory of the Firm: Resource Allocation in a Market Economy

Econometrica ◽  
1966 ◽  
Vol 34 (4) ◽  
pp. 902
Author(s):  
Kenneth E. Boulding ◽  
Kalman J. Cohen ◽  
Richard M. Cyert
Keyword(s):  
Resource Allocation ◽  
Market Economy ◽  
Theory Of The Firm

Enhanced Adaptive Choice-Based Conjoint Analysis Incorporating Engineering Knowledge

2014 ◽  
Author(s):  
Yi Ren ◽  
Panos Y. Papalambros
Keyword(s):  
Optimal Design ◽  
Conjoint Analysis ◽  
Group Identification ◽  
Consumer Preference ◽  
Identification Problem ◽  
Design Decisions ◽  
Engineering Knowledge ◽  
Complex Design ◽  
Adaptive Choice ◽  
Design For Market Systems

Conjoint analysis from marketing has been successfully integrated with engineering analysis in design for market systems. The long questionnaires needed for conjoint analysis in relatively complex design decisions can become cumbersome to the human respondents. This paper presents an adaptive questionnaire generation strategy that uses active learning and allows incorporation of engineering knowledge in order to identify efficiently designs with high probability to be optimal. The strategy is based on viewing optimal design as a group identification problem. A running example demonstrates that a good estimation of consumer preference is not always necessary for finding the optimal design and that conjoint analysis could be configured more effectively for the specific purpose of design optimization. Extending the proposed method beyond a homogeneous preference model and noiseless user responses is also discussed.

A bottom-up role of information asymmetry: opening the black-box of firms’ resource allocation mechanism

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Riffat Blouch ◽  
Muhammad Majid Khan ◽  
Wajid Shakeel
Keyword(s):  
Resource Allocation ◽  
Information Asymmetry ◽  
Manufacturing Industry ◽  
Theory Of The Firm ◽  
Survey Method ◽  
Unique Contribution ◽  
Bottom Up ◽  
Content Type ◽  
Bottom Level ◽  
Resource Based Theory

Purpose Drawing on the concept of resource-based theory of the firm; the purpose of this study is to analyze the influence of firms’ strategic approaches on the firm performance via indirect effect using a multilevel, bottom-up approach. Design/methodology/approach Using the survey method, the present study obtains data from 104 diversified manufacturing firms and analyzes the bottom-up effect of firms’ strategic approach on efficient resource allocation using Mplus. Findings Given the prevailing conditions, the study found that the motive of most firms is growth rather than risk mitigation or collaboration in the manufacturing sector of Pakistan. Furthermore, the study found that the bottom-level employees’ information asymmetry has a significant impact on the strategic resource allocation decision, which can lead to resource allocation inefficiency. Research limitations/implications Despite making a unique contribution, the present study has few limitations requiring researchers’ attention to in the forthcoming. These include a low amount of data, self-reporting technique and failure to include all the possible reason that could cause resource allocation inefficiency. Practical implications The present research has potential applications for managers of the manufacturing industry. First, the study alerts managers about the challenges of resource allocation. At the same time, this study provides critical implication for managing bottom-level employees. Originality/value The current study has made a sizable impression in the literature of resource-based theory of the firm by recommending a model that augments the theoretical foundation of strategic management of the firm. So, closely considering these insights would be helping for the firms for allocating resources efficiently in the manufacturing industry.

Theory of the Firm: Resource Allocation in a Market Economy

1966 ◽  
Vol 32 (4) ◽  
pp. 532
Author(s):  
H. A. John Green ◽  
Kalman J. Cohen ◽  
Richard M. Cyert
Keyword(s):  
Resource Allocation ◽  
Market Economy ◽  
Theory Of The Firm

scholarly journals EFFICIENCY OF DESIGN SOLUTIONS OF HIGH-RISE OUTRIGGER FLOORS

2019 ◽  
Vol 7 (3) ◽  
pp. 26-29
Author(s):  
Leonid Panasyuk ◽  
Galina Kravchenko ◽  
Elena Trufanova ◽  
Anastasia Boyko
Keyword(s):  
Optimal Design ◽  
Wind Load ◽  
Design Decisions ◽  
Dynamic Component ◽  
Design Models ◽  
High Rise ◽  
Design Scheme ◽  
General Stability ◽  
High Rise Building ◽  
Design Solutions

An approach to the choice of the optimal design of the frame of a high-rise building and the location of the outrigger floors is proposed. Five variants of the design models of the frame with varying the number and location of the outrigger floors are considered. Taken two design decisions outriggers, uniting columns at the perimeter of the building connecting floors in the form of farms and monolithic walls. As criteria of an effective arrangement and the optimum constructive decision of a skeleton of a building the characteristics of the General stability of a skeleton, acceleration of the top floor from action of a dynamic component of a wind load, character of forms and a spectrum of frequencies of natural fluctuations are accepted. According to the results of the study, an optimal design scheme of a high-rise building with a rational location of outriggers is proposed.

Sign in / Sign up

Export Citation Format

Share Document