Technology-based forecasting approach for recognizing trade-off between time-to-market reduction and devising a scheduling process in open innovation management
Due to rapid advances being made in computing technologies, open innovation methods are being used for better managerial forecasting and min-max efficient time for delivering final products to the marketplace. This requires that technology, time, human capital, efficient and sound production methods...
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2024-03-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2199853124000015 |
| _version_ | 1797217121883652096 |
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| author | Jaehyung An Alexey Mikhaylov |
| author_facet | Jaehyung An Alexey Mikhaylov |
| author_sort | Jaehyung An |
| collection | DOAJ |
| description | Due to rapid advances being made in computing technologies, open innovation methods are being used for better managerial forecasting and min-max efficient time for delivering final products to the marketplace. This requires that technology, time, human capital, efficient and sound production methods, and delivery are all high quality. This paper explores how ‘process development′ can connect all parties in managerial efficiency in time and cost to achieve targeted goals. Knowledge gaps concerning operations and technological forecasting of multiple development projects under open innovation infrastructure are filled in here. Overlapping consecutive tasks in the production process to reach the desired objective are described. The proposed model recognizes the trade-off between time-to-market reduction and devising a scheduling process that is minimized as much as possible, which demonstrates time to delivery effectiveness. The model serves to conduct an empirical study using Chinese data. We observe encouraging results in the modelling of operational excellence in technology development processes (lead time data) using Convex, Linear and Nonlinear models to achieve the goals. Overall, in open innovation, where collaboration spans boundaries and involves multiple stakeholders, effective overlapping scheduling isn't just about managing time; it's about orchestrating a harmonious collaboration that enables diverse groups to work cohesively towards a shared goal, and our paper contributes to providing a seminal toolkit and methodologies into it. |
| first_indexed | 2024-03-08T12:47:38Z |
| format | Article |
| id | doaj.art-b2da60005124473988718596f6f86729 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-04-24T11:56:50Z |
| publishDate | 2024-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-b2da60005124473988718596f6f867292024-04-09T04:12:54ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312024-03-01101100207Technology-based forecasting approach for recognizing trade-off between time-to-market reduction and devising a scheduling process in open innovation managementJaehyung An0Alexey Mikhaylov1College of Business, Hankuk University of Foreign Studies, Seoul 02450, South KoreaFinancial Faculty, Financial University under the Government of the Russian Federation, 124167 Moscow, Russia; Corresponding author.Due to rapid advances being made in computing technologies, open innovation methods are being used for better managerial forecasting and min-max efficient time for delivering final products to the marketplace. This requires that technology, time, human capital, efficient and sound production methods, and delivery are all high quality. This paper explores how ‘process development′ can connect all parties in managerial efficiency in time and cost to achieve targeted goals. Knowledge gaps concerning operations and technological forecasting of multiple development projects under open innovation infrastructure are filled in here. Overlapping consecutive tasks in the production process to reach the desired objective are described. The proposed model recognizes the trade-off between time-to-market reduction and devising a scheduling process that is minimized as much as possible, which demonstrates time to delivery effectiveness. The model serves to conduct an empirical study using Chinese data. We observe encouraging results in the modelling of operational excellence in technology development processes (lead time data) using Convex, Linear and Nonlinear models to achieve the goals. Overall, in open innovation, where collaboration spans boundaries and involves multiple stakeholders, effective overlapping scheduling isn't just about managing time; it's about orchestrating a harmonious collaboration that enables diverse groups to work cohesively towards a shared goal, and our paper contributes to providing a seminal toolkit and methodologies into it.http://www.sciencedirect.com/science/article/pii/S2199853124000015Open InnovationConcurrent DesignOverlapping SchedulingNew Technology and Product Development |
| spellingShingle | Jaehyung An Alexey Mikhaylov Technology-based forecasting approach for recognizing trade-off between time-to-market reduction and devising a scheduling process in open innovation management Journal of Open Innovation: Technology, Market and Complexity Open Innovation Concurrent Design Overlapping Scheduling New Technology and Product Development |
| title | Technology-based forecasting approach for recognizing trade-off between time-to-market reduction and devising a scheduling process in open innovation management |
| title_full | Technology-based forecasting approach for recognizing trade-off between time-to-market reduction and devising a scheduling process in open innovation management |
| title_fullStr | Technology-based forecasting approach for recognizing trade-off between time-to-market reduction and devising a scheduling process in open innovation management |
| title_full_unstemmed | Technology-based forecasting approach for recognizing trade-off between time-to-market reduction and devising a scheduling process in open innovation management |
| title_short | Technology-based forecasting approach for recognizing trade-off between time-to-market reduction and devising a scheduling process in open innovation management |
| title_sort | technology based forecasting approach for recognizing trade off between time to market reduction and devising a scheduling process in open innovation management |
| topic | Open Innovation Concurrent Design Overlapping Scheduling New Technology and Product Development |
| url | http://www.sciencedirect.com/science/article/pii/S2199853124000015 |
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