Budgeting for research and development: a dynamic financial simulation approach

The research and development (R&D) budgeting decision is crucial for at least two reasons: if too much is spent, short-term financial stability is at risk, while, if the budget is too small, long-term competitiveness is threatened. Nevertheless, many enterprises simply extrapolate the past without further reflection.This paper presents a computer-based dynamic stochastic simulation model that allows one to assess the impact of alternative R&D budgeting policies on corporate development. The core decisions to be evaluated concern timing and funding of investments in R&D. Our approach substantially expands earlier work by Brockhoff (R&D Manage. 19 (1989) 265). In particular, it distinguishes between product and process innovation, considers market dynamics related to technical progress via a modifiable S-curve, integrates marketing, and takes into account essential financial aspects. As a result, our model is closer to reality than previous ones. A sample application with real company data illustrates its potential usage.     

总线技术引领汽车网络新潮流

勿庸置疑,汽车电子已体现出网络化的发展方向,车载网络成为汽车电子领域发展的最大热点。提高控制单元间控制可靠性和降低成本的网络总线技术应用成为驱动力所在,包括CAN、LIN、FlexRey 及IDB1394等在内的总线已经成为     

Tax Competition and Economic Integration

This article examines the role of tax competition and economic integration in a core–periphery setting, where agglomeration forces are present. I present a New Economic Geography model, which accounts for firm entry/exit and international mobility of skilled labor employed in the public R&D sectors. In contrast to other literature on tax competition, I focus on its impact on labor migration and net earnings of skilled and unskilled labor. Economic integration is modeled as trade liberalization, an easing of factor mobility restrictions and technology diffusion. I find that tax competition favors skilled labor when trade costs are reduced. In contrast, unskilled labor benefits when factor mobility restrictions are eased and technology diffusion is enhanced.     

Pharmaceutical Patents: Incentives for Research and Development or Marketing?

We analyze how a patent‐holding pharmaceutical firm may strategically use advertising of existing drugs to affect research and development (R&D) investments in new (differentiated) drugs, and thereby affect the probability distribution of future market structures in the industry. Within a fairly general model framework, we derive exact conditions for advertising and R&D being substitute strategies for the incumbent firm and show that it may overinvest in advertising to reduce the incentive for an entrant to invest in R&D, thereby reducing the probability of a new product on the market. In a more specific setting of informative advertising, we show that such overinvestment incentives are always present and that more generous patent protection implies that a larger share of the patent rent is spent on marketing, relative to R&D.     

Personality,basic emotions,and satisfaction: Primary emotions in the mountaineering experience

Consumption-related emotions – usually operationalized as broad, summary dimensions such as positive and negative emotions or, alternatively, pleasure and arousal – have been shown to be influenced by enduring personality traits and, in turn, to influence customer satisfaction. Experiential tourism activities such as mountaineering evoke powerful emotions that strongly influence tourist satisfaction. Although Zajonc (1980) proposed and more recent neurophysiological evidence confirms that emotions, especially fear, can be primary (can precede cognitions), consumption-related emotions have heretofore been modeled as occurring concurrently with or consequent to cognitive appraisals. Our results show that two basic consumption-related emotions, fear and joy, are influenced by neuroticism and extraversion, respectively, and in turn and in conjunction with cognitive appraisals influence tourist satisfaction. Joy has direct effects on satisfaction that are not mediated by cognitions; fear’s inverse effects on satisfaction are fully mediated by cognitions. These findings extend understandings of trait/basic-emotion relationships and of basic emotions’ roles in satisfaction formation and also, importantly, demonstrate an instance of primary consumer emotions.     

Adaptation responses to increasing drought frequency

Using state contingent analysis, we discuss how and why irrigators adapt to alternative water supply signals. Focusing on the timing of water allocations, we explore inherent differences in the demand for water by two key irrigation sectors: annual and perennial producers. The analysis explores the reliability of alternative water property right bundles and how reduced allocations across time influence alternative responses by producers. Our findings are then extended to explore how management strategies could adapt to two possible future drier state types: (i) where an average reduction in water supply is experienced; and (ii) where drought becomes more frequent. The combination of these findings is subsequently used to discuss the role water reform policy plays in dealing with current and future climate scenarios.     

Analysis of the Potential Economic Viability of Shale Gas Resources in Europe

European countries are currently exploring strategies to ensure a strong level of security of energy supply while decreasing its reliance on natural gas imports. With the strong surge in shale gas developments in the USA, similar ambitions have been the ongoing subject of inquiry in Europe. Detailed knowledge about extraction costs is a key issue in determining future shale gas investments in Europe. The paper at hand analyses the potential of European shale gas resources, highlighting their competitiveness against conventional natural gas. It examines the current volume of shale gas resources in Europe and performs a detailed cost calculation to provide an estimation of shale gas production costs. The results indicate that under current market conditions the repetition of the US shale gas boom is by all measures improbable in Europe. Furthermore, in the case that natural prices were to return to historically higher levels, only a few highly productive shale gas formations would be economically competitive.     

The analysis of customer density,tenant placement and coupling inside a shopping centre with GIS

The spatial arrangement of tenants is currently one of the main topics in shopping centre research. This paper shows how a Geographic Information System (GIS) can be used to analyse the tenant structure. Given the recommendations in the literature, the analysis may help to improve the situation within a certain shopping centre. Therefore, we introduce the variable clumping method and kernel density estimation into shopping centre research in order to analyse retail category concentrations, customer flows and coupling in a shopping centre. Applying these techniques to a German shopping centre showed that spatial concentration can be observed within the retail categories of food, health & body and fashion and that the pass ratio declines according to the distance from the central point of the shopping centre. Also, shops in the same retail category have higher coupling than those of different categories, and unexpectedly spatially separated shops have a slightly higher coupling than non-spatially separated ones. Overall, the use of GIS improves the quality and the speed of spatially based analysis, and thus should be used more frequently in scientific shopping centre research and shopping centre management.     

The place attachment experience regarding the disabled people: the typology of coffee shops

This study inquires the possible creation of a sense of a place in coffee houses for the disabled people as public places. The physical characteristics of a space are the main factors allowing all people including the disabled ones as well to perceive that place properly and within the “person, place and interaction process” framework. The place attachment, which can be defined as the main emotional bond between space and the users, is heavily influenced by the individualistic experiences and reactions whether they are ordinary or differently abled. In order to initiate a place attachment, spaces should be designed in a way that they respect the occupant’s perception, feelings, memories, senses and their physical abilities to enable them to develop a sense of belonging and ownership. Therefore, creating designs which foster people’s construction process of sense of a place that comprises the concept of identity and sense of belonging, is among the essential issues for realizing place attachment in architecture and design of public spaces. In our contemporary world, there are settings that possess these qualities; contrariwise there are more architectural and urban spaces which ignore these qualities and their benefits for people, especially for the disabled ones. Relatedly, a building should offer people enough information for perceiving it and with its physical features should also support the experiences that occur in it. There is a strong link between memorable events and the space where those events occur. An environment which provides outstanding and meaningful ambiance by its architectural characteristics can establish a sense of a place. Disabled people often have less opportunities to experience the spaces properly compared to others because their limitations are not taken into consideration when designing the public spaces. Therefore, the design process of public spaces should involve the basic needs of disabled people. In order to propose a typology for traditional coffee houses, this research aims to define and discuss the place attachment experience of disabled people in public spaces. The study begins with an overview of identifying different types of disabilities and special needs, and an introductory discussion of how space attachment can help to meet those needs. Therefore, the physical, social and typological aspects of traditional coffee houses were evaluated in terms of location, space organization and functions by considering the profiles of disabled users. Methodologically, this is a case study, which has a mixed research design including qualitative and quantitative research instruments.