Browsing IC² Institute Working Papers by Issue Date
Now showing 1 - 10 of 40
Results Per Page
ItemNewer Concepts of Management, Profits, and Profitability: Summaries and New Directions(IC² Institute, 1973-10) Kozmetsky, George; Ruefli, Timothy W.Forecast of the impact of new information technologies on management in the period 1971-1990. Summarizes and extends three studies commissioned by the Conference Board in 1970. ItemTransforming Texas and the Nation: Productivity Through Entrepreneurship and Risk-taking(IC² Institute, The University of Texas at Austin, 1983-09) Kozmetsky, George; Smilor, Raymond W.The authors call for the state of Texas to meet 25% of its need for new job creation through technology venturing, which they estimate to be 42,500 jobs per year or 820,000 new jobs over twenty years. In order to achieve this goal, they propose a number of measures: the expansion of Federal defense R&D in Texas, which they view as an investment and not simply as expenditure; the development of the Texas entrepreneurial infrastructure; expansion of the capital venture base; and establishment of a state seed-funding program for early-stage tech ventures. ItemImpacts of Deregulation on Performance and Management of the Largest American Transportation Companies(IC² Institute, The University of Texas at Austin, 1986-01) Ruefli, Timothy W.The effects of the past quarter century of deregulation on the transportation industry in the United States are many and varied. Impacts have been felt at the level of the industry as a whole, at the level of mode-based industry sub-groups, and at the level of individual firms. Analyses and depictions of these impacts have appeared in numerous books and journal articles. In this paper a new, empirically based, methodological approach to industry analysis will be employed to evaluate and illustrate the impacts of deregulation on the relevant levels of this industry in terms of its largest firms. The results of this analysis will be seen to be largely complementary to previous analyses, but will go beyond them in being able to identify in quantitative terms differential impacts of regulatory and other events on individual firms, groups of firms, and the industry from a unified methodological point of view. A later version of this paper appeared in Technovation, volume 5, issues 1–3, October 1986, Pages 35-60, doi 10.1016/0166-4972(86)90043-X. ItemThe Austin/San Antonio Corridor: The Dynamics of a Developing Technopolis(IC² Institute, The University of Texas at Austin, 1987-03) Smilor, Raymond W.; Kozmetsky, George; Gibson, David V.Examination of the factors contributing to the development of the Austin/San Antonio corridor as a high-technology center in the years 1945-1986. The paper uses a conceptual framework called the Technopolis Wheel, which identifies seven segments as fundamental in regional high-tech growth: university, large and small technology companies, state-local-and federal government, and support groups (e.g. chambers of commerce). The major contribution of the paper is its emphasis on using multiple data sources to measure the relative importance of these segments. It concludes with case studies of Microelectronics and Computer Technology Corporation (MCC) in Austin and the biotechnology sector in San Antonio. ItemEstimation of the Time Path of the Supply Price of an Exhaustible Resource: The Case of Oil and Natural Gas(IC² Institute, 1988-06) Thore, Sten; Sinha, Kingshuk K.Explores the interplay of geopolitical, economic, geological and operational factors that may disrupt the gradual upwards shift of the supply price of non-replenishable resources, specifically oil and natural gas. Describes the econometric identification of the supply price curve for oil and gas in the U.S. using two alternative independent variables: total footage drilled and number of wells completed. Develops a new constrained least squares method, the Thore regression map, of studying shifts of the supply price function over time and uses the techniques to estimate supply price drift. Provides, for the first time, statistical evidence of the time path of the drift upwards of these schedules. Shows that the shifts accelerate during times of upheaval in the oil markets, reflecting the need for a higher risk premium, but may be delayed during times of industry consolidation. A by-product of the analysis is a format for forecasting the supply price of an exhaustible resource. ItemChance-Constrained Efficiency Analysis(IC² Institute, The University of Texas at Austin, 1990-01) Land, Kenneth C.; Lovell, C. A. Knox; Thore, StenData envelopment analysis (DEA) is extended to the case of stochastic inputs and outputs through the use of chance-constrained programming. The chance-constrained envelope envelops a given set of observations "most of the time." We show that the chance-constrained enveloping process leads to the definition of a conventional (certainty-equivalent) efficiency ratio (a ratio between weighted outputs and weighted inputs). Furthermore, extending the concept of Pareto and Koopmans efficiency to the case of chance-constrained dominance (to be defined), we establish the identity of the following two chance-constrained efficiency concepts: (i) the chance constrained DEA efficiency measure of a particular output-input point is unity, and all chance-constraints are binding; (ii) the point is efficient in the sense Pareto and Koopmans. Finally we discuss the implications of our approach for econometric frontier analysis. ItemKorea in the New World Order(IC² Institute, The University of Texas at Austin, 1991-04) Rostow, Walter W.Working paper developed from a lecture presented in Seoul about the role of Korea in the New World Order. Summarizes the historical background of the concept of a New World Order and its evolution after the Gulf War of 1990-91. Describes the fundamental issue behind the New World Order as whether the global diffusion of technological capacity in the late 20th century (and the associated spread of the capability to produce weapons of mass destruction) must lead to chaos, or can be organized in a stable peace. Asserts the important role of regional as well as global institutions in building a New World Order, citing historical successes and failures in Europe, the Middle East, the Americas, and the Pacific Basin. Discusses the importance of the Asia-Pacific Economic Cooperation (APEC) and the key role of the Republic of Korea in expanding and strengthening APEC in order to create peace and economic development throughout the Pacific Basin. ItemCommitted Costs vs. Uncertainty in New Product Development(IC² Institute, 1993-01) Phillips, Fred Y.; Srivastava, R.Discusses the nature of committed and determined costs in a new product development project, and quantifies their relationship to project uncertainty. Introduces the concept of product, process, schedule and market (PPSM) intelligence and emphasizes its use for jointly considering marketing and production factors in project evaluation. Uses a discriminate function-based measure of information gain to compare committed cost, incurred cost and information gain over the life of a development project leading to a risk profile that may be constructed from the observed behavior of the firm, without the use of hypothetical lotteries. Shows, using data from two companies, that this cost-risk construct is meaningful and can provide guidance for operational decisions in the new product development process. ItemA Retrospective and Prospects of the Fifth Generation Computer Project(IC² Institute, The University of Texas at Austin, 1993-09) Ishikawa, AkiraReport on the Fifth Generation Computer Systems (FGCS) project undertaken by the Japanese Ministry of International Trade and Industry (MITI) in the period 1982-1992. The Fifth Generation Computer was developed using a framework of parallel processing and inference processing based on logic programming. The project received an investment of ¥54.15 billion ($416.54 million) and employed around 100 young engineers.