Informs 2015

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INFORMS Philadelphia – 2015
456
WD07
07-Room 307, Marriott
Risk Analysis I
Contributed Session
Chair: John Guo, Head of Consumer Credit Risk Analytics and
Modeling, Fifth Third Bank, 5001 Kingsley Drive, Cincinnati, OH,
45227, United States of America,
1 - A Total Systems Framework to Integrate Risk, Safety and Quality
Management Models
Mehdi Dorri, Solico Food Inc., East Azerbaijan Ave.
No.103, Tehran, Iran,
Organizations that pursue excellence in their performance require to focus on
systematic quality and performance improvement of all the components of their
system. Integrated and collaborative quality, safety and risk management
strategies, including ISO and OHSAS standards, Lean and Six Sigma, enable
organizations to develop a strategy to identify critical performance measures for
all the components of the system.
2 - The Determinants of Property Damage: Evidence from
Hurricane Sandy
Sisi Meng, Dept. of Economics, Florida International University,
University Park Campus, Miami, FL, United States of America,
, Pallab Mozumder
This paper analyzes the determinants of property damage caused by hurricane
Sandy. We have constructed a hurricane destruction index by using HAZUS-MH.
The effectiveness of hurricane preparedness and housing characteristics have been
incorporated in explaining variations in property damages. Our results suggest
that hurricane intensity has a large negative impact on property damages while
effective hurricane preparedness can potentially reduce damages.
3 - Analysis of the Unimodality of the Newsvendor Problem with
Mean-variance Trade-off
Javier Rubio-Herrero, Rutgers University, Piscataway, NJ,
United States of America, ,
Melike Baykal-Görsoy
We introduce an analysis on the conditions needed for the unimodality of the
single-period newsvendor problem with two decision variables, namely, price and
quantity. The analysis is carried for two different price-dependent functions
commonly known as additive and multiplicative. We add risk considerations to
the discussion by introducing a mean-variance trade-off used to model risk-averse
and risk-seeking situations.
4 - A Two-Stage Approach in Consumer PD Models
John Guo, Head of Consumer Credit Risk Analytics and
Modeling, Fifth Third Bank, 5001 Kingsley Drive, Cincinnati, OH,
45227, United States of America,
5/3 consumer risk analytics and modeling team proposed a novel two-stage
approach to address a major drawback in the legacy modeling framework to
predict the probability of default in Expected Loss models by the means of
injecting macroeconomic dynamics into loan-level risk characteristics. The
innovative two-stage approach not only successfully enhanced 5/3 consumer PD
model framework but also addressed a common challenge faced by DFAST and
CCAR practitioners.
WD09
09-Room 309, Marriott
Innovation and Entrepreneurship II
Contributed Session
Chair: Jiwon Hwang, Seoul National University, Ichondong
Yongsangu Kangchon Apt.101-807, Seoul, Korea, Republic of,
1 - Impact of Open Innovation on Academic Performance of Firms in
Nanotechnology Industry
Arman Sadreddin, Graduate Student - , Concordia
University, Montreal, QC, H3H 2J8, Canada,
Andrea Schiffauerova
This research focuses on open business models in nanotechnology industry. Based
on a statistical analysis on a data, which was gathered from online survey, and
simulation result, the frequency of applying two main types of open innovation
practices were identified. Also, the impact of applying these practices on academic
performance of firms were studied. This research found that applying both types
of practices at the same time will lead to have more academic outcomes.
2 - Collaboration Network of Nano-tech Firms:
Open Innovation Approach
Ehsan Ghalamzan, Research Assistant, Concordia University,
1455 De Maisonneuve Blvd. W., Montreal, QC, H3G1M8,
Canada, , Arman Sadreddin,
Andrea Schiffauerova
A substantial body of literature has been concerned about the collaboration
networks and their importance in production and distribution of scientific
knowledge on one hand,and Open Innovation and its innovative power for firms
on the other hand.But no one pays attention to the impact of Open Innovation
practices on collaboration network properties of the firm.This article aims to study
the relation between applying OI practices and how the company stands in the
network of its collaborators.
3 - University Technology Transfer: A Cross-national Comparison
Alfonso Cruz, Professor, Catholic University of Chile, School of
Engineering, Avenida Vicuña Mackenna 4860, Campus
San Joaquín, Macul, Santiago, 7820436, Chile,
This paper compares Spanish universities’ technology transfer (TT) output and
performance with similar universities in the United States. The study reveals that,
for equivalent research & development expenditure, Spanish universities have
lower levels of TT in spite of proportionally similar intellectual property protection
activity. The most noticeable gaps found are the number of contracts licensed and
licensing incomes, although startup creation shows comparable numbers in both
countries.
4 - M&AS as Substitutes or Stepping Stones to Innovation?
Examining the Impact of Financial Crisis
Jiwon Hwang, Seoul National University, Ichondong
Yongsangu Kangchon Apt.101-807, Seoul, Korea, Republic of,
Christine Choi
With the increase of knowledge intensive M&As, interest in the effect that M&A
has on post-M&A innovation has been on the rise. This research strives to
examine the strategic choice of whether M&As are used as substitutes or stepping
stones to subsequent innovation efforts, by utilizing propensity score matching
and DID methods. This paper further studies whether such choices differ between
deals conducted during financial crisis and those conducted in non-financial crisis.
WD10
10-Room 310, Marriott
E-Business/Commerce II
Contributed Session
Chair: Shikui Wu, Assistant Professor, Ryerson University, 350 Victoria
St., TRS 2-015, Toronto, Canada,
1 - The Impact of O2O Strategy Announcements on the Market Value
of Firms in China
Yang Hu, Huazhong University of Science and Technology,
School of Management 310 Lab, Wuhan, China,
Jun Yang, Wei Lu
O2O (online to offline) e-commerce mode which combines offline business
opportunities with the Internet is blooming in China. Based on 105 samples from
2013 to 2015, we use event study methodology to examine the stock market
reaction to O2O announcements. Furthermore, hypotheses concerning factors
such as industry type, platform type, product type and risk warning are developed
and tested. The results provide useful implications for making decisions about
O2O mode to maximize the business value.
2 - When are Online Reviews Most Helpful? The Review
Significance Index
Anupama Dash, Graduate Student, University of Maryland,
Baltimore County, 1000 Hilltop Circle, Baltimore, MD, 21250,
United States of America, , Nazrul Shaikh,
Margaret Ricciuti
Our research looks into the interplay between the product and review
characteristics with the aim of (a) determining when reviews are most helpful, (b)
indexing products on the basis a review significance index (RSI) that brand teams
could use for planning their reputation management efforts.
3 - The Effect of Benefit and Cost on Mobile Coupon Sharing in
Social Network Sites: The Role of Social Capital
Han Lubin, Master Student, Huazhong University of Science and
Technology, 1037 Luoyu Road, Wuhan, 430074, China,
, Zhao Xuefeng
This study investigates the influence of long benefit(i.e., reciprocity and social
reward),short benefit(ie., economic reward),long cost(ie., privacy concern)and
short cost(ie., effort) on mobile coupon sharing by users in social network
sites(SNSs). Moreover, this study examines how social capital moderates the
relationship between benefit-cost and mobile coupon sharing in SNSs. A field
survey with 377 subjects in China is conducted to test the research model.
WD07