Resource-based view （RBV） has been a very important theory to explain performance in the past decades. Among several types of resources, human resources are known as a critical factor for business success. The prese...Resource-based view （RBV） has been a very important theory to explain performance in the past decades. Among several types of resources, human resources are known as a critical factor for business success. The present paper has sought to link the human resources and performance based on the concept of RBV focusing on entrepreneurs as decisive human resources. This paper uses a sample of 378 Lao small and medium enterprises （SMEs）. Overall, the findings suggest that the significant factors in explaining performance in Lao SMEs are the education of entrepreneurs, business development services for entrepreneurs and experience of entrepreneurs. Whereas training at starting business and training for entrepreneurs were not supported.展开更多
The technology investment strategy under uncertainty is the key subject. However, the expected utility maximization often employed as the decision process fails to consider the high risk with low probability cases. On...The technology investment strategy under uncertainty is the key subject. However, the expected utility maximization often employed as the decision process fails to consider the high risk with low probability cases. On the other hand, the existing min-max regret strategy tends to be dominated by the ＂worst assumption＂ regardless of its probability. This research proposes a new framework by formulating the regret by the Minkowski＇s generalized distance. The authors then apply the formulation to the IAM （integrated assessment model） MARIA. This study focuses on the uncertainties of CCS （carbon capture and storage） costs and the global warming damages. This formulation is then extended to the multi-stage decision frame, known as ATL （act-then-learn） method. The simulation results suggest that the substantial changes in CCS and nuclear deployment strategies depending on the future uncertainty scenarios. The results also suggest that the minimum regret strategy favors the capital accumulation in the early stage.展开更多
文摘Resource-based view （RBV） has been a very important theory to explain performance in the past decades. Among several types of resources, human resources are known as a critical factor for business success. The present paper has sought to link the human resources and performance based on the concept of RBV focusing on entrepreneurs as decisive human resources. This paper uses a sample of 378 Lao small and medium enterprises （SMEs）. Overall, the findings suggest that the significant factors in explaining performance in Lao SMEs are the education of entrepreneurs, business development services for entrepreneurs and experience of entrepreneurs. Whereas training at starting business and training for entrepreneurs were not supported.
文摘The technology investment strategy under uncertainty is the key subject. However, the expected utility maximization often employed as the decision process fails to consider the high risk with low probability cases. On the other hand, the existing min-max regret strategy tends to be dominated by the ＂worst assumption＂ regardless of its probability. This research proposes a new framework by formulating the regret by the Minkowski＇s generalized distance. The authors then apply the formulation to the IAM （integrated assessment model） MARIA. This study focuses on the uncertainties of CCS （carbon capture and storage） costs and the global warming damages. This formulation is then extended to the multi-stage decision frame, known as ATL （act-then-learn） method. The simulation results suggest that the substantial changes in CCS and nuclear deployment strategies depending on the future uncertainty scenarios. The results also suggest that the minimum regret strategy favors the capital accumulation in the early stage.
