The full text of this article
How to win innovation races in high-tech industries? An evolutionary optimisation model
by Kalevi Kyläheiko; Pasi Luukka; Ari Jantunen; Torsten Heinrich
International Journal of Technology Intelligence and Planning (IJTIP), Vol. 11, No. 1, 2016
Abstract: In this paper, we will present the firm's knowledge base function and introduce an optimisation problem where the firm seeks to maximise its profits with scarce knowledge assets. In this, it has to share its knowledge assets between activities that help to increase the firm's knowledge base and activities that are needed to protect and exploit the knowledge. In addition to these choices, the firm meets a question of whether and how to use partnerships when trying to maximise profits based on the knowledge assets that can be more or less protected. We will present the evolutionarily inspired optimisation problems as perspectives of one company, two companies and three companies and introduce the differential evolution algorithm as a solution to the optimisation problems. Our simulation results show that by proper optimisation of resource allocations, a company can achieve a sustainable advantage compared with other companies.
Online publication date: Mon, 18-Jan-2016
is only available to individual subscribers or to users at subscribing institutions.
Go to Inderscience Online Journals to access the Full Text of this article.
Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.
Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Technology Intelligence and Planning (IJTIP):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable).
See our Orders page to subscribe.
If you still need assistance, please email email@example.com