@article{47908,
  abstract     = {{<jats:title>Abstract</jats:title><jats:p>In this paper, we propose a binomial approach to modeling sequential R&amp;D investments. More specifically, we present a compound real options approach, simplifying the existing valuation methodology. Based upon the same set of assumptions as prior models, we show that the number of computational steps for valuing any compound option can be reduced to a single step. We demonstrate the applicability of our approach using the real-world example of valuing a new drug application. Overall, our work provides a heuristic framework for fostering the adoption of binomial compound option valuation techniques in R&amp;D management.</jats:p>}},
  author       = {{Hauschild, Bastian and Reimsbach, Daniel}},
  issn         = {{2198-3402}},
  journal      = {{Business Research}},
  keywords     = {{Business, Management and Accounting (miscellaneous)}},
  number       = {{1}},
  pages        = {{39--59}},
  publisher    = {{Springer Science and Business Media LLC}},
  title        = {{{Modeling sequential R&amp;D investments: a binomial compound option approach}}},
  doi          = {{10.1007/s40685-014-0017-5}},
  volume       = {{8}},
  year         = {{2014}},
}

@article{39697,
  author       = {{Agra-Kooijman, Dena M. and Singh, Gautam and Lorenz, Alexander and Collings, Peter J. and Kitzerow, Heinz-Siegfried and Kumar, Satyendra}},
  issn         = {{1539-3755}},
  journal      = {{Physical Review E}},
  keywords     = {{Industrial and Manufacturing Engineering, Metals and Alloys, Strategy and Management, Mechanical Engineering}},
  number       = {{6}},
  publisher    = {{American Physical Society (APS)}},
  title        = {{{Columnar molecular aggregation in the aqueous solutions of disodium cromoglycate}}},
  doi          = {{10.1103/physreve.89.062504}},
  volume       = {{89}},
  year         = {{2014}},
}

@article{39713,
  author       = {{McGinn, Christine K. and Laderman, Laura I. and Zimmermann, Natalie and Kitzerow, Heinz-Siegfried and Collings, Peter J.}},
  issn         = {{1539-3755}},
  journal      = {{Physical Review E}},
  keywords     = {{Industrial and Manufacturing Engineering, Metals and Alloys, Strategy and Management, Mechanical Engineering}},
  number       = {{6}},
  publisher    = {{American Physical Society (APS)}},
  title        = {{{Planar anchoring strength and pitch measurements in achiral and chiral chromonic liquid crystals using 90-degree twist cells}}},
  doi          = {{10.1103/physreve.88.062513}},
  volume       = {{88}},
  year         = {{2014}},
}

@article{41296,
  author       = {{Steinhoff, Lena and Palmatier, Robert W.}},
  issn         = {{0092-0703}},
  journal      = {{Journal of the Academy of Marketing Science}},
  keywords     = {{Marketing, Economics and Econometrics, Business and International Management}},
  number       = {{1}},
  pages        = {{88--107}},
  publisher    = {{Springer Science and Business Media LLC}},
  title        = {{{Understanding loyalty program effectiveness: managing target and bystander effects}}},
  doi          = {{10.1007/s11747-014-0405-6}},
  volume       = {{44}},
  year         = {{2014}},
}

@article{41341,
  abstract     = {{<jats:p> In many business markets, manufacturers seek service-led growth to secure their existing positions and continue to grow in increasingly competitive environments. Using longitudinal data from 513 German mechanical engineering companies and latent growth curve modeling, this study offers a fine-grained view of the financial performance implications of industrial service strategies. By disentangling the revenue and profit implications of industrial service strategies, findings reveal that such strategies increase both the level and the growth of manufacturing firms’ revenue streams. In contrast, they reduce the level but improve the growth of manufacturers’ profits. Results further suggest that services supporting the clients’ actions (SSC) and services supporting the supplier’s product (SSP) affect performance outcomes in different ways. SSCs directly affect revenue and profit streams. In turn, SSPs display only indirect effects on financial performance mediated through SSCs. A moderator analysis identifies two organizational contingencies that facilitate service business success: Only companies with decentralized decision-making processes and a high share of loyal customers can expect favorable financial results from industrial service strategies. In summary, this research provides significant insights and managerial guidance for turning service strategies into financial successes. </jats:p>}},
  author       = {{Eggert, Andreas and Hogreve, Jens and Ulaga, Wolfgang and Münkhoff, Eva}},
  issn         = {{1094-6705}},
  journal      = {{Journal of Service Research}},
  keywords     = {{Organizational Behavior and Human Resource Management, Sociology and Political Science, Information Systems}},
  number       = {{1}},
  pages        = {{23--39}},
  publisher    = {{SAGE Publications}},
  title        = {{{Revenue and Profit Implications of Industrial Service Strategies}}},
  doi          = {{10.1177/1094670513485823}},
  volume       = {{17}},
  year         = {{2014}},
}

@article{45595,
  author       = {{Kesternich, Martin and Lange, Andreas and Sturm, Bodo}},
  issn         = {{0167-2681}},
  journal      = {{Journal of Economic Behavior and Organization}},
  keywords     = {{Organizational Behavior and Human Resource Management, Economics and Econometrics}},
  pages        = {{107--123}},
  publisher    = {{Elsevier BV}},
  title        = {{{The impact of burden sharing rules on the voluntary provision of public goods}}},
  doi          = {{10.1016/j.jebo.2014.04.024}},
  volume       = {{105}},
  year         = {{2014}},
}

@article{4699,
  author       = {{Becker, Jörg and Beverungen, Daniel and Knackstedt, Ralf and Matzner, Martin and Müller, Oliver and Pöppelbuss, Jens}},
  issn         = {{09050167}},
  journal      = {{Scandinavian Journal of Information Systems}},
  keywords     = {{Business process management, Conceptual modeling, Interaction routines, Modular design, Service networks, Social construction}},
  number       = {{1}},
  pages        = {{17----47}},
  title        = {{{Designing interaction routines in service networks: A modularity and social construction-based approach}}},
  year         = {{2013}},
}

@article{4700,
  author       = {{Becker, Jorg and Beverungen, Daniel and Knackstedt, Ralf and Matzner, Martin and Müller, Oliver and Pöppelbuss, Jens}},
  isbn         = {{0018-9391}},
  issn         = {{00189391}},
  journal      = {{IEEE Transactions on Engineering Management}},
  keywords     = {{Action research, boundary spanning, business process management (BPM), service blueprinting, service networks}},
  number       = {{3}},
  pages        = {{468----482}},
  title        = {{{Bridging the gap between manufacturing and service through IT-based boundary objects}}},
  doi          = {{10.1109/TEM.2012.2214770}},
  year         = {{2013}},
}

@inproceedings{10620,
  author       = {{Anwer, Jahanzeb and Meisner, Sebastian and Platzner, Marco}},
  booktitle    = {{Reconfigurable Computing and FPGAs (ReConFig), 2013 International Conference on}},
  keywords     = {{fault tolerant computing, field programmable gate arrays, logic design, reliability, BYU-LANL tool, DRM tool flow, FPGA based hardware designs, avionic application, device technologies, dynamic reliability management, fault-tolerant operation, hardware designs, reconfiguring reliability levels, space applications, Field programmable gate arrays, Hardware, Redundancy, Reliability engineering, Runtime, Tunneling magnetoresistance}},
  pages        = {{1--6}},
  title        = {{{Dynamic reliability management: Reconfiguring reliability-levels of hardware designs at runtime}}},
  doi          = {{10.1109/ReConFig.2013.6732280}},
  year         = {{2013}},
}

@article{47907,
  author       = {{Reimsbach, Daniel}},
  issn         = {{0044-2372}},
  journal      = {{Journal of Business Economics}},
  keywords     = {{Economics and Econometrics, Business and International Management}},
  number       = {{4}},
  pages        = {{479--515}},
  publisher    = {{Springer Science and Business Media LLC}},
  title        = {{{Pro forma earnings disclosure: the effects of non-GAAP earnings and earnings-before on investors’ information processing}}},
  doi          = {{10.1007/s11573-013-0688-y}},
  volume       = {{84}},
  year         = {{2013}},
}

@article{47911,
  abstract     = {{<jats:title>ABSTRACT</jats:title><jats:p>This study examines how the disclosure of negative sustainability‐related incidents affects the investment‐related judgments of decision‐makers. Participants in a sequential 2 × 2 between‐subjects experiment first received a company's financial information before viewing additional sustainability information (by the company and by a non‐governmental organization (NGO); with and without negative disclosure). Results indicate that self‐reporting of negative incidents does not affect decision‐makers’ stock price estimates and investment decisions compared with judgments based on financial information only. However, third‐party disclosure of these incidents by a NGO has a negative affect on these investment‐related judgments. Furthermore, the magnitude of the NGO reporting effect depends on whether the company itself simultaneously reports these incidents. Thus, disclosing negative incidents in sustainability reporting could lose some of its apparent stigma. Instead of avoiding negative reporting altogether, managers might use it as a risk mitigation tool in their reporting strategy. The results also emphasize the power of the often‐mentioned ‘watchdog’ function of NGOs acting as stakeholder advocates. Copyright © 2013 John Wiley &amp; Sons, Ltd and ERP Environment</jats:p>}},
  author       = {{Reimsbach, Daniel and Hahn, Rüdiger}},
  issn         = {{0964-4733}},
  journal      = {{Business Strategy and the Environment}},
  keywords     = {{Management, Monitoring, Policy and Law, Strategy and Management, Geography, Planning and Development, Business and International Management}},
  number       = {{4}},
  pages        = {{217--235}},
  publisher    = {{Wiley}},
  title        = {{{The Effects of Negative Incidents in Sustainability Reporting on Investors’ Judgments–an Experimental Study of Third‐party Versus Self‐disclosure in the Realm of Sustainable Development}}},
  doi          = {{10.1002/bse.1816}},
  volume       = {{24}},
  year         = {{2013}},
}

@inproceedings{36920,
  abstract     = {{In the electronic system development, energy consumption is clearly becoming one of the most important design concerns. From the system level point of view, Dynamic Power Management (DPM) and Dynamic Voltage and Frequency Scaling (DVFS) are two mostly applied techniques to adjust the tradeoff between the performance and power dissipation at runtime. In this paper, we study the problem of combined application of both techniques with regard to hard real-time systems running on cluster-based multi-core processors. To optimize the processor energy consumption, a heuristic based on simulated annealing with efficient termination criterion is proposed. The experiment results show that the proposed algorithm outperforms the existing approaches in terms of the energy reduction. }},
  author       = {{He, Da and Müller, Wolfgang}},
  booktitle    = {{Proceedings of the International Conference on Applied Computing (AC)}},
  editor       = {{Weghorn, Hans}},
  isbn         = {{978-989-8533-20-3 }},
  keywords     = {{Dynamic Power Management, Dynamic Voltage and Frequency Scaling, Hard Real-Time, Multi-core Processor}},
  title        = {{{An Energy-Efficient Heuristic for Hard Real-Time System on Multi-Core Processors}}},
  year         = {{2013}},
}

@techreport{20869,
  abstract     = {{This study provides evidence of significant biases in multi-year management forecasts by analyzing a proprietary dataset on venture-backed start-ups in Germany. We find that revenues and expenses are highly overestimated in each of the investigated one- to five-year-ahead planning periods. Furthermore, entrepreneurs underestimate one-year-ahead profit forecasts but clearly overestimate their profit forecasts for all longer-term forecast horizons. Additional analyses reveal that teams with prior management experience issue even more overestimated forecasts and misrepresent their forward-looking information. In contrast, greater asset verifiability and corporate lead investors are associated with lower levels of forecast errors. All key results hold if bias is either measured by traditionally comparing forecasts to ex-post realizations or by using a cross-sectional projection approach based on historical accounting data developed by prior research.}},
  author       = {{Sievers, Sönke and Mokwa, Christopher Frederik}},
  keywords     = {{Management forecasts, Forecasting biases, Venture-backed start-ups, Projection methods}},
  pages        = {{42}},
  title        = {{{Biases in Management Forecasts of Venture-Backed Start-Ups: Evidence from Internal Due Diligence Documents of VC Investors}}},
  doi          = {{10.2139/ssrn.1714399}},
  year         = {{2012}},
}

@techreport{20870,
  abstract     = {{This study shows how venture capital investors can identify potential biases in multi-year management forecasts before an investment decision and derive significantly more accurate failure predictions. By advancing a cross-sectional projection method developed by prior research and using firm-specific information in financial statements and business plans, we derive benchmarks for management revenue forecasts. With these benchmarks, we estimate forecast errors as an a priori measure of biased expectations. Using this measure for our proprietary dataset on venture-backed start-ups in Germany, we find evidence of substantial upward forecast biases. We uncover that firms with large forecast errors fail significantly more often than do less biased entrepreneurs in years following the investment. Overall, our results highlight the implications of excessive optimism and overconfidence in entrepreneurial environments and emphasize the relevance of accounting information and business plans for venture capital investment decisions.}},
  author       = {{Sievers, Sönke and Mokwa, Christopher Frederik}},
  keywords     = {{Management forecast biases, cross-sectional projection models, venture-backed start-ups, failure prediction, overoptimism, overconfidence}},
  pages        = {{31}},
  title        = {{{The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments}}},
  doi          = {{10.2139/ssrn.2100501}},
  year         = {{2012}},
}

@article{5716,
  abstract     = {{The tendency of managers to focus on short-term results rather than on sustained company success is of particular importance to retail marketing managers, because marketing activities involve expenditures which may only pay off in the longer term. To address the issue of myopic management, our study shows how the complexity of the service profit chain (SPC) can cause managers to make suboptimal decisions. Hence, our paper departs from past research by recognizing that understanding the temporal interplay between operational investments, employee satisfaction, customer satisfaction, and operating profit is essential to achieving sustained success. In particular, we intend to improve understanding of the functioning of the SPC with respect to time lags and feedback loops. Results of our large-scale longitudinal study set in a multi-outlet retail chain reveal time-lag effects between operational investments and employee satisfaction, as well as between customer satisfaction and performance. These findings, along with evidence of a negative interaction effect of employee satisfaction on the relationship between current performance and future investments, show the substantial risk of mismanaging the SPC. We identify specific situations in which the dynamic approach leads to superior marketing investment decisions, when compared to the conventional static view of the SCP. These insights provide valuable managerial guidance for effectively managing the SPC over time.}},
  author       = {{Evanschitzky, Heiner and Wangenheim, Florian v and Wünderlich, Nancy}},
  journal      = {{Journal of Retailing}},
  keywords     = {{Employee satisfaction, Customer satisfaction, Performance, Service profit chain, Feedback loops, Time lags, Myopic marketing management}},
  number       = {{3}},
  pages        = {{356--366}},
  publisher    = {{Elsevier}},
  title        = {{{Perils of Managing the Service Profit Chain: The Role of Time Lags and Feedback Loops.}}},
  volume       = {{88}},
  year         = {{2012}},
}

@article{4706,
  abstract     = {{Purpose – The purpose of this paper is to show how to employ complex event processing (CEP) for the observation and management of business processes. It proposes a conceptual architecture of BPM event producer, processor, and consumer and describes technical implications for the application with standard software in a perfect order scenario. Design/methodology/approach – The authors discuss business process analytics as the technological background. The capabilities of CEP in a BPM context are outlined an architecture design is proposed. A sophisticated proof-of-concept demonstrates its applicability. Findings – The results overcome the separation and data latency issues of process controlling, monitoring, and simulation. Distinct analyses of past, present, and future blur into a holistic real-time approach. The authors highlight the necessity for configurable event producer in BPM engines, process event support in CEP engines, a common process event format, connectors to visualizers, notifiers and return channels to the BPM engine. Research limitations/implications – Further research will thoroughly evaluate the approach in a variety of business settings. New concepts and standards for the architecture's building blocks will be needed to improve maintainability and operability. Practical implications – Managers learn how CEP can yield insights into business processes' operations. The paper illustrates a path to overcome inflexibility, latency, and missing feedback mechanisms of current process modeling and control solutions. Software vendors might be interested in the conceptualization and the described needs for further development. Originality/value – So far, there is no commercial CEP-based BPM solution which facilitates a round trip from insight to action as outlines. As major software vendors have begun developing solutions (BPM/BPA solutions), this paper will stimulate a debate between research and practice on suitable design and technology.}},
  author       = {{Janiesch, Christian and Matzner, Martin and Müller, Oliver}},
  isbn         = {{1020120096}},
  issn         = {{14637154}},
  journal      = {{Business Process Management Journal}},
  keywords     = {{Architecture, Business activity monitoring, Business process management, Business process re-engineering, Complex event processing, Computer software, Standard software}},
  number       = {{4}},
  pages        = {{625----643}},
  title        = {{{Beyond process monitoring: A proof-of-concept of event-driven business activity management}}},
  doi          = {{10.1108/14637151211253765}},
  year         = {{2012}},
}

@article{9786,
  abstract     = {{Self-optimizing mechatronic systems are a new class of technical systems. On the one hand, new challenges regarding dependability arise from their additional complexity and adaptivity. On the other hand, their abilities enable new concepts and methods to improve the dependability of mechatronic systems. This paper introduces a multi-level dependability concept for selfoptimizing mechatronic systems and shows how probabilistic planning can be used to improve the availability and reliability of systems in the operating phase. The general idea to improve the availability of autonomous systems by applying probabilistic planning methods to avoid energy shortages is exemplified on the example of an innovative railway vehicle.}},
  author       = {{Klöpper, Benjamin and Sondermann-Wölke, Christoph and Romaus, Christoph}},
  journal      = {{Journal of Robotics and Mechatronics}},
  keywords     = {{self-optimizing systems, dependability, probabilistic planning, energy management}},
  number       = {{1}},
  pages        = {{5--15}},
  title        = {{{Probabilistic Planning for Predictive Condition Monitoring and Adaptation Within the Self-Optimizing Energy Management of an Autonomous Railway Vehicle}}},
  volume       = {{24}},
  year         = {{2012}},
}

@article{5196,
  abstract     = {{This study shows how venture capital investors can identify potential biases in multi-year management forecasts before an investment decision and derive significantly more accurate failure predictions. By advancing a cross-sectional projection method developed by prior research and using firm-specific information in financial statements and business plans, we derive benchmarks for management revenue forecasts. With these benchmarks, we estimate forecast errors as an a priori measure of biased expectations. Using this measure for our proprietary dataset on venture-backed start-ups in Germany, we find evidence of substantial upward forecast biases. We uncover that firms with large forecast errors fail significantly more often than do less biased entrepreneurs in years following the investment. Overall, our results highlight the implications of excessive optimism and overconfidence in entrepreneurial environments and emphasize the relevance of accounting information and business plans for venture capital investment decisions. }},
  author       = {{Mokwa, Christopher Frederik and Sievers, Sönke}},
  journal      = {{SSRN Electronic Journal}},
  keywords     = {{Management forecast biases, cross-sectional projection models, venture-backed start-ups, failure prediction, overoptimism, overconfidence}},
  title        = {{{The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments}}},
  doi          = {{10.2139/ssrn.2100501}},
  year         = {{2012}},
}

@article{5198,
  abstract     = {{This study provides evidence of significant biases in multi-year management forecasts by analyzing a proprietary dataset on venture-backed start-ups in Germany. We find that revenues and expenses are highly overestimated in each of the investigated one- to five-year-ahead planning periods. Furthermore, entrepreneurs underestimate one-year-ahead profit forecasts but clearly overestimate their profit forecasts for all longer-term forecast horizons. Additional analyses reveal that teams with prior management experience issue even more overestimated forecasts and misrepresent their forward-looking information. In contrast, greater asset verifiability and corporate lead investors are associated with lower levels of forecast errors. All key results hold if bias is either measured by traditionally comparing forecasts to ex-post realizations or by using a cross-sectional projection approach based on historical accounting data developed by prior research. }},
  author       = {{Mokwa, Christopher and Sievers, Sönke}},
  journal      = {{SSRN Electronic Journal}},
  keywords     = {{Management forecasts, Forecasting biases, Venture-backed start-ups, Projection methods}},
  title        = {{{Biases in Management Forecasts of Venture-Backed Start-Ups: Evidence from Internal Due Diligence Documents of VC Investors}}},
  doi          = {{10.2139/ssrn.1714399}},
  year         = {{2012}},
}

@article{31300,
  author       = {{Potzuweit, A. and Weich, Tobias and Barkhofen, Sonja and Kuhl, U. and Stöckmann, H.-J. and Zworski, M.}},
  issn         = {{1539-3755}},
  journal      = {{Physical Review E}},
  keywords     = {{Industrial and Manufacturing Engineering, Metals and Alloys, Strategy and Management, Mechanical Engineering}},
  number       = {{6}},
  publisher    = {{American Physical Society (APS)}},
  title        = {{{Weyl asymptotics: From closed to open systems}}},
  doi          = {{10.1103/physreve.86.066205}},
  volume       = {{86}},
  year         = {{2012}},
}