Remaking markets
Article Abstract:
Brian Arthur and his colleagues atthe Santa Fe Institute in New Mexico has created a computer simulation of markets based on principles used in genetic algorithms. The program consists of100 simulated traders with 60 different notions of market behavior. After a period of ordered behavior, the traders began to act like real-life traders. Patterns of price movements were observed but the system never reached equilibrium, just like in real life. Banks are now looking into the potentials of the program in predicting market trends and outcomes.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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The customer is king: how to win friends and keep the orders coming
Article Abstract:
Japan's Kyocera Corp has risen to preeminence as a supplier of ceramic microchip packaging not through technological innovation but by stressing zealous customer service and superior quality. This strategy has enabled Kyocera to hold 65% of the world's market for ceramic packaging, which is highly useful for this purpose because it conducts heat but not electricity. US semiconductor makers such as Intel have responded to Kyocera's attention to service and quality by relying on it as their main source of packaging.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
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