Modeling coordination in organizations and markets
Article Abstract:
Four information processing and coordination models for organizations and markets are defined and analyzed: product hierarchies, functional hierarchies, centralized markets, and decentralized markets. The utilization of one of these models involves tradeoffs in production costs, coordination costs, and vulnerability costs. Special qualities of the models are that they are formal and mathematical, link micro- and macro-hypotheses, integrate organizational and market models, and include vulnerability costs along with production and coordination costs. Implications of these studies could be used to understand changes in the structure of US business in the last century, predict the consequences of widespread use of information technology, and optimize computer processing networks.
Publication Name: Management Science
Subject: Business, general
ISSN: 0025-1909
Year: 1987
User Contributions:
Comment about this article or add new information about this topic:
Final-offer arbitration under incomplete information
Article Abstract:
Final-offer arbitration (FOA) is increasing in popularity as means of settling labor disputes both in the public and in the private sector because it offers several advantages over conventional arbitration (CA). Unlike CA, FOA considers the preferences of the negotiating parties and discourages the disputants from taking extreme positions. A model of FOA under incomplete information, i.e. when each of the negotiating party has private information that has bearing on the true value of the case, is discussed.
Publication Name: Management Science
Subject: Business, general
ISSN: 0025-1909
Year: 1991
User Contributions:
Comment about this article or add new information about this topic:
Binding versus final-offer arbitration: a combination is best
Article Abstract:
A mathematical model is given for the settlement of two-party labor disputes by arbitration which combines final-offer arbitration with binding arbitration. In this combined arbitration method, final-offer arbitration is used if the final offers converge or if the arbitrator's idea of a fair settlement falls between the two final offers; in other cases, binding arbitration is used.
Publication Name: Management Science
Subject: Business, general
ISSN: 0025-1909
Year: 1986
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Modeling coordination in organizations and markets. Decision rules and transactions, organizations and markets
- Abstracts: Organizing for innovation. Organizational DNA for strategic innovation. The impacts of IT on firm and industry structure: the personal computer industry
- Abstracts: Financing your business. Accounting for inventory in a reorganization or liquidation
- Abstracts: Managing a distribution channel under asymmetric information with performance requirements. Integrating distribution strategy and tactics: a model and an application
- Abstracts: Uncertainty and Leontief systems: an application to the selection of space station system designs. Forecasting error evaluation in material requirements planning (MRP) production-inventory systems