The Value of Information Updating in New Product Development

• Main Author: Artmann, Christian (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2009.
• Series: Lecture Notes in Economics and Mathematical Systems, 620
• Subjects: Mathematics.; Management.; Industrial management.; Operations research.; Decision making.; Finance.; Applied mathematics.; Engineering mathematics.; Economics, Mathematical.; Probabilities.; Applications of Mathematics.; Probability Theory and Stochastic Processes.; Finance, general.; Innovation/Technology Management.; Operation Research/Decision Theory.; Quantitative Finance.

Managing uncertainty in new product development projects for improved valuation and decision making is one of the most complex and challenging problems in operations management. It is important for any corporation depending on the success of new products and innovations. This work shows how uncertai...