Optimal dynamics of functionality development in open innovation

Watanabe C, Shin J, Heikkinen J, & Tarasyev AM (2009). Optimal dynamics of functionality development in open innovation. In: Proceedings of CAO'09: IFAC Workshop on Control Applications of Optimisation, 6-8 May 2009.

[img]
Preview
Text
XP-09-028.pdf

Download (563kB) | Preview

Abstract

Sustainable functionality development has become crucial option for firm's survival in a new paradigm confronting a post-information society. This can be realized by earlier emergence of functionality development. In this context, effective utilization of external innovation resources leads to follower substitution for leader in open innovation. This substitution induces advancements of innovative goods by substituting gratification of their consumption for resistance to them. Thus, optimization of utmost gratification of consumption under certain investment would be crucial for firm strategy. Optimal functionality development dynamics is analyzed in this paper by integrating production, diffusion and consumption functions, and using Pontryagin maximum principle. The result demonstrates that suprafunctionality can be developed through gratification of consumption substitution for resistance to new innovation.

Item Type: Conference or Workshop Item (UNSPECIFIED)
Uncontrolled Keywords: Optimal control; Optimal trajectory; Dynamics; Open innovation; Functionality development
Research Programs: Dynamic Systems (DYN)
Bibliographic Reference: In:; Proceedings of CAO'09: IFAC Workshop on Control Applications of Optimisation; 6-8 May 2009, University of Jyvaeskylae, Agora, Finland
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:42
Last Modified: 17 Feb 2016 12:31
URI: http://pure.iiasa.ac.at/9049

Actions (login required)

View Item View Item

International Institute for Applied Systems Analysis (IIASA)
Schlossplatz 1, A-2361 Laxenburg, Austria
Phone: (+43 2236) 807 0 Fax:(+43 2236) 71 313