Dynamic Product Portfolio Management Modeling for the Financial Technology Industry
Resource allocation, as the main objective of managerial science, requires analyzing the long- and short-term effects of a policy, although this analysis would be more difficult in dynamic and volatile industries such as financial technology. Moreover, the integration of industries leads to more div...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Iran Finance Association
2020-07-01
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| Series: | Iranian Journal of Finance |
| Subjects: | |
| Online Access: | https://www.ijfifsa.ir/article_119168_85b8490fc971d741f0d139df825c6dde.pdf |
| _version_ | 1828124634215612416 |
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| author | Seyed Behnam Khakbaz Mohammad Ali Shahhoseini Ali Divandari Hamidreza Rabiee |
| author_facet | Seyed Behnam Khakbaz Mohammad Ali Shahhoseini Ali Divandari Hamidreza Rabiee |
| author_sort | Seyed Behnam Khakbaz |
| collection | DOAJ |
| description | Resource allocation, as the main objective of managerial science, requires analyzing the long- and short-term effects of a policy, although this analysis would be more difficult in dynamic and volatile industries such as financial technology. Moreover, the integration of industries leads to more diverse product categories for a single company and makes it difficult for the implementation of decision making about resource allocation. In this regard, systemic PPM (PPM) models can be applied to balance long- and short-term generated values of the company by adopting policies about resource allocation for different products with respect to risk management concepts. The proposed systemic model should include interrelationships between different products, time relevant, and most importantly the potentials of dynamic analysis of product strategies, which is the main purpose of this research. The research strategy is to conduct a case study on the Iranian financial technology industry, by using systemic PPM modeling. In this research, a dynamic model was used in the payment industry, due to its competitive forces. Thus, system dynamics methodology was the research tool for analyzing data. Further, four cycles of risk management, resource allocation, innovation, and development were identified and then, analyzed in a dynamic approach to evaluating their efficiency for business development. Based on the results, the system dynamics methodology provided great outcomes for this problem. Finally, scenario analysis, focus, deep understandings of the decision-making process with respects to mental models, and stock and flow diagrams were among the most significant findings of this article. |
| first_indexed | 2024-04-11T15:08:47Z |
| format | Article |
| id | doaj.art-b17fa583f22c4e039373542c2a4de421 |
| institution | Directory Open Access Journal |
| issn | 2676-6337 2676-6345 |
| language | English |
| last_indexed | 2024-04-11T15:08:47Z |
| publishDate | 2020-07-01 |
| publisher | Iran Finance Association |
| record_format | Article |
| series | Iranian Journal of Finance |
| spelling | doaj.art-b17fa583f22c4e039373542c2a4de4212022-12-22T04:16:43ZengIran Finance AssociationIranian Journal of Finance2676-63372676-63452020-07-0143497910.22034/ijf.2020.209903.1092119168Dynamic Product Portfolio Management Modeling for the Financial Technology IndustrySeyed Behnam Khakbaz0Mohammad Ali Shahhoseini1Ali Divandari2Hamidreza Rabiee3Ph.D. Candidate, Department of Business Management, Faculty of Management, University of Tehran, Tehran, Iran.Associate Prof., Department of Business Management, Faculty of Management, University of Tehran, Tehran, Iran.Prof., Department of Business Management, Faculty of Management, University of Tehran, Tehran, Iran.Prof., Faculty of Information Technology, Sharif University of Technology, Tehran, Iran.Resource allocation, as the main objective of managerial science, requires analyzing the long- and short-term effects of a policy, although this analysis would be more difficult in dynamic and volatile industries such as financial technology. Moreover, the integration of industries leads to more diverse product categories for a single company and makes it difficult for the implementation of decision making about resource allocation. In this regard, systemic PPM (PPM) models can be applied to balance long- and short-term generated values of the company by adopting policies about resource allocation for different products with respect to risk management concepts. The proposed systemic model should include interrelationships between different products, time relevant, and most importantly the potentials of dynamic analysis of product strategies, which is the main purpose of this research. The research strategy is to conduct a case study on the Iranian financial technology industry, by using systemic PPM modeling. In this research, a dynamic model was used in the payment industry, due to its competitive forces. Thus, system dynamics methodology was the research tool for analyzing data. Further, four cycles of risk management, resource allocation, innovation, and development were identified and then, analyzed in a dynamic approach to evaluating their efficiency for business development. Based on the results, the system dynamics methodology provided great outcomes for this problem. Finally, scenario analysis, focus, deep understandings of the decision-making process with respects to mental models, and stock and flow diagrams were among the most significant findings of this article.https://www.ijfifsa.ir/article_119168_85b8490fc971d741f0d139df825c6dde.pdfproduct portfolio managementsystem dynamicsresource allocationfintech industryfinancial services |
| spellingShingle | Seyed Behnam Khakbaz Mohammad Ali Shahhoseini Ali Divandari Hamidreza Rabiee Dynamic Product Portfolio Management Modeling for the Financial Technology Industry Iranian Journal of Finance product portfolio management system dynamics resource allocation fintech industry financial services |
| title | Dynamic Product Portfolio Management Modeling for the Financial Technology Industry |
| title_full | Dynamic Product Portfolio Management Modeling for the Financial Technology Industry |
| title_fullStr | Dynamic Product Portfolio Management Modeling for the Financial Technology Industry |
| title_full_unstemmed | Dynamic Product Portfolio Management Modeling for the Financial Technology Industry |
| title_short | Dynamic Product Portfolio Management Modeling for the Financial Technology Industry |
| title_sort | dynamic product portfolio management modeling for the financial technology industry |
| topic | product portfolio management system dynamics resource allocation fintech industry financial services |
| url | https://www.ijfifsa.ir/article_119168_85b8490fc971d741f0d139df825c6dde.pdf |
| work_keys_str_mv | AT seyedbehnamkhakbaz dynamicproductportfoliomanagementmodelingforthefinancialtechnologyindustry AT mohammadalishahhoseini dynamicproductportfoliomanagementmodelingforthefinancialtechnologyindustry AT alidivandari dynamicproductportfoliomanagementmodelingforthefinancialtechnologyindustry AT hamidrezarabiee dynamicproductportfoliomanagementmodelingforthefinancialtechnologyindustry |