Decision-Making Analysis of Enterprises’ Adopting Innovation Technology

Guozhong Yang

doi:doi:10.11648/j.ebm.20160202.19

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Decision-Making Analysis of Enterprises’ Adopting Innovation Technology

Guozhong Yang

Published in European Business & Management (Volume 2, Issue 2)

Received: 7 October 2016 Accepted: 29 October 2016 Published: 21 January 2017

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Abstract

After analyzing the uncertainty of technology innovation diffusion (TID), this paper proposes the model of enterprises’ TID based on geometric Brownian motion with jump, and analyzes the optional timing and influence of adopting innovation technology on TID by each parameter. The results show that enterprise should immediately adopts the technology when its market demand is greater than the optimal investment threshold of enterprise; changes of market environment is conducive to TID; increasing of market uncertainty and the expected rate of return will accelerate TID, and the increasing of market interest rate will inhibit TID.

Published in	European Business & Management (Volume 2, Issue 2)
DOI	10.11648/j.ebm.20160202.19
Page(s)	73-79
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Uncertainty, Technology Innovation Diffusion, Geometric Brownian Motion, Model

References

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APA Style

Guozhong Yang. (2017). Decision-Making Analysis of Enterprises’ Adopting Innovation Technology. European Business & Management, 2(2), 73-79. https://doi.org/10.11648/j.ebm.20160202.19

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ACS Style

Guozhong Yang. Decision-Making Analysis of Enterprises’ Adopting Innovation Technology. Eur. Bus. Manag. 2017, 2(2), 73-79. doi: 10.11648/j.ebm.20160202.19

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AMA Style

Guozhong Yang. Decision-Making Analysis of Enterprises’ Adopting Innovation Technology. Eur Bus Manag. 2017;2(2):73-79. doi: 10.11648/j.ebm.20160202.19

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@article{10.11648/j.ebm.20160202.19,
  author = {Guozhong Yang},
  title = {Decision-Making Analysis of Enterprises’ Adopting Innovation Technology},
  journal = {European Business & Management},
  volume = {2},
  number = {2},
  pages = {73-79},
  doi = {10.11648/j.ebm.20160202.19},
  url = {https://doi.org/10.11648/j.ebm.20160202.19},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ebm.20160202.19},
  abstract = {After analyzing the uncertainty of technology innovation diffusion (TID), this paper proposes the model of enterprises’ TID based on geometric Brownian motion with jump, and analyzes the optional timing and influence of adopting innovation technology on TID by each parameter. The results show that enterprise should immediately adopts the technology when its market demand is greater than the optimal investment threshold of enterprise; changes of market environment is conducive to TID; increasing of market uncertainty and the expected rate of return will accelerate TID, and the increasing of market interest rate will inhibit TID.},
 year = {2017}
}

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TY  - JOUR
T1  - Decision-Making Analysis of Enterprises’ Adopting Innovation Technology
AU  - Guozhong Yang
Y1  - 2017/01/21
PY  - 2017
N1  - https://doi.org/10.11648/j.ebm.20160202.19
DO  - 10.11648/j.ebm.20160202.19
T2  - European Business & Management
JF  - European Business & Management
JO  - European Business & Management
SP  - 73
EP  - 79
PB  - Science Publishing Group
SN  - 2575-5811
UR  - https://doi.org/10.11648/j.ebm.20160202.19
AB  - After analyzing the uncertainty of technology innovation diffusion (TID), this paper proposes the model of enterprises’ TID based on geometric Brownian motion with jump, and analyzes the optional timing and influence of adopting innovation technology on TID by each parameter. The results show that enterprise should immediately adopts the technology when its market demand is greater than the optimal investment threshold of enterprise; changes of market environment is conducive to TID; increasing of market uncertainty and the expected rate of return will accelerate TID, and the increasing of market interest rate will inhibit TID.
VL  - 2
IS  - 2
ER  -

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Author Information

Guozhong Yang

Business School, Central South University, Changsha, China

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Plain Text BibTeX RIS

APA Style

Guozhong Yang. (2017). Decision-Making Analysis of Enterprises’ Adopting Innovation Technology. European Business & Management, 2(2), 73-79. https://doi.org/10.11648/j.ebm.20160202.19

Copy | Download

ACS Style

Guozhong Yang. Decision-Making Analysis of Enterprises’ Adopting Innovation Technology. Eur. Bus. Manag. 2017, 2(2), 73-79. doi: 10.11648/j.ebm.20160202.19

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AMA Style

Guozhong Yang. Decision-Making Analysis of Enterprises’ Adopting Innovation Technology. Eur Bus Manag. 2017;2(2):73-79. doi: 10.11648/j.ebm.20160202.19

Copy | Download

@article{10.11648/j.ebm.20160202.19,
  author = {Guozhong Yang},
  title = {Decision-Making Analysis of Enterprises’ Adopting Innovation Technology},
  journal = {European Business & Management},
  volume = {2},
  number = {2},
  pages = {73-79},
  doi = {10.11648/j.ebm.20160202.19},
  url = {https://doi.org/10.11648/j.ebm.20160202.19},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ebm.20160202.19},
  abstract = {After analyzing the uncertainty of technology innovation diffusion (TID), this paper proposes the model of enterprises’ TID based on geometric Brownian motion with jump, and analyzes the optional timing and influence of adopting innovation technology on TID by each parameter. The results show that enterprise should immediately adopts the technology when its market demand is greater than the optimal investment threshold of enterprise; changes of market environment is conducive to TID; increasing of market uncertainty and the expected rate of return will accelerate TID, and the increasing of market interest rate will inhibit TID.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Decision-Making Analysis of Enterprises’ Adopting Innovation Technology
AU  - Guozhong Yang
Y1  - 2017/01/21
PY  - 2017
N1  - https://doi.org/10.11648/j.ebm.20160202.19
DO  - 10.11648/j.ebm.20160202.19
T2  - European Business & Management
JF  - European Business & Management
JO  - European Business & Management
SP  - 73
EP  - 79
PB  - Science Publishing Group
SN  - 2575-5811
UR  - https://doi.org/10.11648/j.ebm.20160202.19
AB  - After analyzing the uncertainty of technology innovation diffusion (TID), this paper proposes the model of enterprises’ TID based on geometric Brownian motion with jump, and analyzes the optional timing and influence of adopting innovation technology on TID by each parameter. The results show that enterprise should immediately adopts the technology when its market demand is greater than the optimal investment threshold of enterprise; changes of market environment is conducive to TID; increasing of market uncertainty and the expected rate of return will accelerate TID, and the increasing of market interest rate will inhibit TID.
VL  - 2
IS  - 2
ER  -

Copy | Download