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Received: 23 June 2017 / Accepted: 17 August 2017 / Published: 23 August 2017
Because the skills, knowledge and management required for exploitation and exploration are contradictory, firms still struggle to utilize useful methods to keep exploitative and exploratory activities balanced. Thus, a mathematical model is proposed to challenge the above vacancy. First, in order to allocate limited resources flexibly when implementing projects, a computer-mediated social groupware with Delphi technique is developed to manage conflicts. However, these operations may result in path dependence or lock-in technologies in the long run. Then, second, in order to adjust unbalanced exploitation and exploration after a period of time, a fuzzy analytic network process with fuzzy goal programming is proposed to facilitate the selection of projects in exogenous and endogenous environments. After investigating a real case of a photovoltaic (PV) manufacturer, the paper concludes that a balanced exploration and exploitation can be achieved, and sustainable competitive advantages can subsequently be reached.
photovoltaic (PV); research and development (R & D) project management; fuzzy analytic network process; fuzzy goal programming
‘Ambidexterity’ basically refers to a firm’s ability to be efficient in managing current business and to be adaptable to cope with changing demands in the future. By attaining ambidexterity, a firm can be sustainable in the business environment. Innovation is a must to achieve ambidexterity for most firms. Incremental innovations are basically exploitative and lay the foundation on existing organizational knowledge to meet the needs of existing customers. On the other hand, radical innovations are usually exploratory because they often demand new knowledge or departure from known skills, and they are often targeted at potential customers or emergent markets. It is found that a superior performance in innovation is positively correlated to a trade-off strategy between exploration and exploitation. However, few firms may succeed at managing the trade-offs in practice. This is because exploration and exploitation are based on fundamentally different logics and require very different strategies and structures . Nevertheless, some works have proposed that the two kinds of activity may not be in conflict but in harmony. While a positive interaction effect adopting a trade-off between them is theoretically predicted, there have been few empirical findings on how they are operated jointly in practice. An implicit meaning from the above arguments is that firms trying to pursue both activities may get worse results since the interaction effect between them could be negative . In order to tackle such unstudied problems, a mathematical decision-making framework is constructed. The framework is a linear, recursive, and chaotic adaptive system and includes the two following parts.
First, a computer mediated social groupware (CMSG) with Delphi technique to manage conflicts such as collaboration, accommodation, compromise, forcing and avoidance is designed to flexibly allocate limited resources to the projects. The proposed model not only practically discusses balanced exploitation and exploration from the perspective of network collaboration, but also theoretically expands balanced and combined dimensions of ambidexterity , manages structural ambidexterity [1,3], and contextual ambidexterity simultaneously [4,5,6]. However, ambidexterity may result in path dependence or lock-in technologies. Second, in order to assist practitioners in selecting the most suitable projects under different resources, limitations and capabilities to balance exploitation and exploration in a long-term perspective, this paper develops a model by integrating a fuzzy analytic network process (FANP)  with fuzzy goal programming (FGP) .
The proposed model is applied to a photovoltaic (PV) manufacturer in China to practically investigate and theoretically analyze its previous experiences. The results show that a balanced exploration and exploitation can be achieved, and sustainable competitive advantage can subsequently be reached. With exploitative activities to meet the needs of existing customers and to maintain a stream of foreseeable income, the firm can also focus on some exploratory activities to target potential customers or emergent markets so that the firm can be sustainable in the future. The proposed model is recommended to managers for developing and implementing projects.
2. Literature Review and the Proposed Conceptual Decision-Making Model
2.1. The Characteristics of Punctuated and Ambidextrous Equilibrium
In order to provide buffered contexts to ensure exploitation and exploration coexist, some researchers propose theories about ambidexterity. Organizations, to be ambidextrous, must reconcile internal tensions and contradicting demands in their task environments. While some past work often indicated that such trade-offs were too difficult to attain, recent studies have provided some organizational solutions to support ambidexterity . Leadership characteristics have been pronounced to manage and embrace the conflicts in the organizations . Punctuated equilibrium, which covers long periods of exploitation and short breaks of exploration, is an alternative balancing mechanism . Then, although new product development (NPD) project selection is a common research topic, this research is one of the first works to introduce the ideas of punctuated equilibrium to adjust unbalanced exploitation and exploration under ambidexterity and to propose a FANP with FGP model to select the projects.
2.2. The Conceptual Mathematical Model
Most firms need to implement multiple projects at a time, and this implies that ambidexterity may be practical. However, ambidexterity may result in path dependence. Thus, this research constructs an adaptive system model including two dimensions, namely, punctuated and flexible adjustment, to achieve a balanced exploitation and exploration in a long-term perspective. The proposed model is as shown in Figure 1.
First, flexible adjustment is a short-term ambidexterity, and it can be applied to implement a target set by punctuated adjustment. This study designs a platform, called computer mediated social groupware (CMSG) with Delphi technique, to break the constraints from structural ambidexterity so that conflicts among different units can be fairly resolved through the committee [1,3]. In the case study, five experts in the firm were invited to form a committee and to contribute their expertise. In addition, it can facilitate contextual ambidexterity because stretch, support, discipline, and trust among experts can be built and reinforced through timely communication [4,5]. Five different methods can be applied to handle the trade-offs: collaboration, compromise, forcing, accommodation and avoidance . The following are proposed in this study. When collaboration among projects to generate maximum synergy is important, collaboration should be decided by the CMSG with Delphi technique, and efforts toward exploration or exploitation should be retained or reinforced. Compromise should be decided by the CMSG with Delphi technique when different projects are desired by different parties or when time pressure demands an expedient solution. In addition, efforts toward exploration or exploitation should be retained or reduced. Either forcing or accommodation should be advised if it is not important or a decisive action is not demanded quickly. Then, the limited resources between exploitative projects and exploratory projects may be switched from one to the other. Avoidance should be operated when a quick resolution requires unpopular actions. Both exploration and exploitation will be simultaneously weakened in this case. Thus, we extend flexible adjustment into five situations. Collaboration and compromise are to pursue maximum synergy of exploitation and exploration, and this is similar to the combined dimension of ambidexterity suggested by Cao et al. . Forcing and accommodation are to manage trade-off between exploitation and exploration, and this is similar to balanced dimension of ambidexterity proposed by Cao et al. . Avoidance is to withdraw when there is no place to transfer.
Second, firms usually have a tendency to either explore or exploit in the long run. A FANP with FGP is constructed to help select the most appropriate projects under specific resources, limitations and capabilities to adjust unbalanced exploitation and exploration. FANP, by pairwise comparing the factors of projects, is applied to evaluate the projects . Then, the FGP model helps decision-makers obtain an optimal allocation solution which considers company-specific capabilities, market-oriented factors and environmental limitations [7,12].
Basically, punctuated adjustment is long-term ambidexterity and needs to be implemented in each specific period with a recursive view. When exploitation weakens in an evaluation period, efforts for exploitation will be strengthened, and vice versa.
In the proposed mathematical model, recursive and punctually adjusted views are considered under punctuated adjustment while linear, recursive, chaotic views are considered under flexible adjustment [13,14]. The different views considered in the proposed model are shown in Figure 2. The mathematical model provides an adaptive mechanism for adjusting the balance between process order and control, stressed in the linear view, and process instability and creativity, which are stressed in the recursive and chaotic views.
3. Critical Characteristics of NPD Projects in Network Collaboration
3.1. Critical Successful Factors of NPD Projects in Network Collaboration
After a broad literature review and interviews with experts, we selected 37 possible critical success factors (CSFs) of the NPD project [15,16,17,18]. Ninety seven employees of the investigated firm were asked to evaluate the importance of these CSFs using a five-point Likert scale. Factor analysis was carried out, and the factors with initial eigenvalues over one were selected as a common group. Rotated method, Varimax with Kaiser Normalization, was then applied. The factors belonging to the same group were put together, and the factors with a loading of more than 0.45 were selected. Ten characteristic factors have impacts on the balanced exploration and exploitation when selecting new products to develop. They are: cooperation with new or old partners (a) dense or sparse social connections; (b) a partner in similar or different size/industry; (c) informal or formal organizational connection; (d) cooperation with research and development (R & D) or production/market functions; (e) new projects having orthogonal or continuum relationships; (f) higher or lower complementarity on resources or expertise; (g) new projects within dynamic or competitive environments; (h) cooperation with generalized trust or dyadic trust; (i) and common integrated or common component knowledge (j).
3.2. Other Constraint Factors on NPD
Company-specific, environmental, and marketing factors on NPD have been analyzed and proved to have effects on project development [19,20]. In this research, these constraint factors are represented as (i) company-specific factors, including budget limit, targeted exploitation hours, and targeted exploration hours; (ii) market orientation, including market sales or gross profit targets; and (iii) some industrial environments such as collaboration opportunities and competitive intensity.
Analytic network process (ANP) is popular multiple-criteria decision making methodology. It was proposed by Saaty , and is a generalization of an analytic hierarchy process (AHP) . The ANP decomposes a problem into a network, in which the relationships between levels are not easily represented as higher or lower, dominated or being dominated, directly or indirectly . A questionnaire is prepared by applying pairwise comparison of the importance and interrelationships among the factors, such the goal, criteria, detailed criteria and alternatives. By analyzing experts’ opinions and adopting supermatrix manipulations, the priorities of the alternatives can be obtained. Because uncertainty and ambiguity are often present in practice, fuzzy set theory can be incorporated into the ANP . The methodology is called fuzzy ANP, or FANP. In this research, the FANP is applied to select the most appropriate projects under an NPD network problem with various criteria and detailed criteria.
Goal programming (GP) is a popular mathematical method for multi-criteria decision problems. In real world problems, decision makers often need to optimize two or more goals simultaneously under various constraints . Since a complete optimal solution seldom exists, a Pareto-optimal solution is usually obtained . That is, a set of acceptable solutions is generated, and an optimal compromise is obtained. As mentioned before, since fuzziness is often present in a real problem, fuzzy set theory can be incorporated into the GP too. The methodology is called fuzzy goal programming (FGP). In this research, some company-specific, environmental, and marketing factors on NPD need to be considered simultaneously, and the FGP is adopted to select the most appropriate projects under such a problem setting.
4. A FANP with FGP Model in a Case Study
The mathematical model is applied to a firm, which has been one of the main equipment providers in the flat panel display (FPD) industry in China for many years. In the beginning of a year, the company planned to become one of the main equipment providers in photovoltaic (PV) renewable energy enterprises in China. Simulators (SIM), automatic production equipment (APE), cutting machines (CM), plasma etching machines (PEM), wire sawing machines (WSM), plasma cleaning machines (PCM), crystalline furnaces (CF), plasma-enhanced chemical vapor deposition (PECVD), diffusion furnaces (DF), and laminators (LAM) are core equipment for the PV manufacturing industry. The firm tried to select suitable new projects for development from the above ten candidates, which are denoted by V1 to V10.
The procedure of the FANP and FGP model is summarized as follows [7,27,28]:
1. Define the new product development project selection problem with the goal of selecting the most exploratory projects. Criterion organizational structure (C1) has detailed criteria (a) to (d). Detailed criteria (e), (f), and (g) are under the criterion functional item (C2). Under the criterion organizational environment (C3), detailed criteria (h) to (j) are included.
2. Pairwise compare the criteria.
Five experts in the company are asked to pairwise compare the importance of the criteria using six different linguistic terms, as shown in Table 1.
After the linguistic variables are collected from each expert, they are transformed into triangular fuzzy numbers. The matrix () for expert k for the pairwise comparison of criteria is:
where m is the number of criteria.
For example, a matrix from one of the experts is:
3. Combine experts’ opinions and construct a combined pairwise comparison matrix.
If there are k experts, there are k triangular fuzzy numbers for each pairwise comparison. A geometric average approach is often used to combine experts’ responses [7,29]:
Use the comparison of the importance of organizational structure (C1) and functional item (C2) as an example. The triangular fuzzy numbers for each expert are (1/7, 1/5, 1/3), (1, 3, 5), (1/5, 1/3, 1), (1/5, 1/3, 1) and (1, 3, 5). The synthetic triangular fuzzy number is (0.36, 0.72, 1.53). The fuzzy combined pairwise comparison matrix is:
The center of gravity (COG) is one of the common methods applied to defuzzify the pairwise comparison. The defuzzification between criteria i and j is :
The defuzzified combined pairwise comparison matrix thus is:
4. Obtain the priority vector of the defuzzified combined pairwise comparison matrix.
A priority vector is calculated for the defuzzified combined pairwise comparison matrix by solving [21,22]:
where is the defuzzified combined pairwise comparison matrix, is the eigenvector, and is the largest eigenvalue of .
The priority vector and the are calculated as:
5. Examine the consistency of the defuzzified combined pairwise comparison matrix.
The consistency of the defuzzified combined pairwise comparison matrix is checked by the consistency index (CI) and consistency ratio (CR) :
where n is the number of items being compared in the matrix, and RI is a random index . Usually, the threshold CR value is 0.10, and a value exceeding the threshold implies that there is an inconsistent evaluation.
6. Calculate the priorities of detailed criteria with respect to their same upper-level criterion with the assumption that no dependence among detailed criteria exists.
Based on the experts’ opinions, the priorities are calculated by repeating step 2 to 5, and the priority vector with respect to the upper-level criterion (n) is . In the case study, the priority vector of detailed criteria with respect to organizational structure (C1), functional item (C2) and organizational environment (C3) are respectively as follows:
7. Calculate the priorities of alternatives with respect to each detailed criterion.
By repeating steps 2 to 5, the priority vector for alternatives with respect to each detailed criterion is calculated. Eigenvectors with respect to criterion n are combined into a matrix .
8. Analyze the interdependence among detailed criteria under the same upper-level criterion.
The interdependence among the detailed criteria under the same upper-level criterion is analyzed through the impact of each detailed criterion on other detailed criteria with the same upper-level criterion. After repeating steps 2 to 5, the interdependence matrix of detailed criteria with the same upper-level criterion is calculated:
9. Calculate the interdependence priorities, , of the detailed criteria by synthesizing the results from Step 6 and Step 8:
10. Obtain the priorities of alternatives under the criteria.
The priorities of alternatives, , with respect to criterion n are calculated by synthesizing the results from Step 7 and Step 9: for each n. By grouping together the vectors of for all n’s, a matrix is obtained:
11. Calculate the overall priorities for the alternatives. The overall priorities for the alternatives are obtained by synthesizing the results from Step 4 and Step 10:
12. Obtain the priorities of multiple goals.
The final goal of the case study is to maintain a balance between exploitative and exploratory activities. In order to reach the goal, in addition to the goal of selecting the most exploratory projects for the firm (G1), four other goals are: budget limit (G2), exploratory hours (G3), gross profit (G4) and exploitative hours (G5). A questionnaire is prepared to pairwise compare the importance of the goals in optimizing the ultimate goal of the problem. In addition, the expected performance of alternatives is pairwise compared with respect to each additional goal. The priorities of the five multiple goals are 0.299, 0.234, 0.155, 0.154 and 0.158, respectively.
13. Formulate and solve the FGP model.
The FGP model is formulated and solved to select the projects [7,12]. The objective is to maximize the satisfaction of the projects, and the goals are , , …, , …, GG.
In the case study, a new plan for year 1 to year 3 including $180 million as the maximum budget, 7000 targeted exploratory hours, $300 million minimum amount of gross profit, and 3000 targeted exploitative hours are set in year 1 and shown in Table 2.
Because of limited resources, at most five projects can be implemented simultaneously. One of automatic production equipment (V2) and cutting machines (V3) needs to be carried out because the firm was doing well in these products in year 1 to year 3 and could take advantage of previous experience. Since the firm aimed to keep a balance among exploitative and exploratory activities, the experts agree that at least one project should be selected from V6 to V10, which are exploratory projects.
Based on the priorities obtained in Step 12 and the additional goals, the FGP formulation is:
for selecting the most exploratory projects
for budget limit
for exploratory hours
for gross profit
for exploitative hours
The allowable budget is set between $170 million and $190 million. The targeted exploratory hours are between 7000 and 8000 h. The gross profit is between $300 million and $400 million. The targeted exploitative hours are between 2000 and 3000 h. Then, we have the following limits:
where all variables are nonnegative.
The results are:
A FANP with FGP model can help managers to select the most appropriate projects while maintaining a balance between exploitation and exploration. In this study, a photovoltaic (PV) manufacturer in China has been selecting new products for development with the consideration of keeping exploitation and exploration balanced. In the beginning of year 1, the firm spent roughly the same amount of time and expense on developing exploitative and exploratory projects. While some projects performed better than expected, others did not. On top of that, no systematic method was available to transfer the limited resources from the failed projects to the successful.
To be exact, during year 1, the company selected automatic production equipment, cutting machines, small PECVD, and cleaning machines for development. In years 2 and 3, the development on exploration had not been as successful as that on exploitation. The developments of small PECVD and cleaning machines, which are exploratory innovation projects, were not very successful, and most of the profits were generated from the exploitative projects. The major reasons are that the accumulated exploratory hours were only 3200 h (targeted exploratory hours were 5000 h) and the accumulated exploitative hours were 5900 h (targeted exploitative hours were 5000 h), as shown in Table 3. In addition, the exploitative projects were more successful at the end. Therefore, the firm needed to adopt the proposed model for the next three years (from year 4 through year 6) to balance its current plan by punctuated adjustment and execute new projects by flexible adjustment .
After defining the NPD project selection problem and constructing the evaluation network, the authors invited senior managers to confirm the suitability of the network, which comprised three general criteria and ten detailed criteria. A pairwise comparison questionnaire was prepared based on the network. The managers were then asked to fill out the questionnaire. As listed in Table 3, the results show that, among the three criteria, functional item (C2), with a weight of 0.532, is the most important factor for balanced exploitation and exploration, in the opinion of the managers. The reason is that functional item, which indicates the functionality of members and departments in a firm, is very important for survival in a competitive market. Organizational structure (C1) ranks second with a weight of 0.352. It indicates that the organizational structure with other partners in developing new products is rather important for the final success of products. Organization environment (C3), which describes the environment the firm faces when developing new products, ranks last with a weight of 0.116.
The importance weights of detailed criteria under each criterion can also be found in Table 3. Under the criterion of organizational structure (C1), informal or formal organizational connection (d) is the highest concern of the experts, with a weight of 0.379, followed by cooperation with new or old partners (a), with a weight of 0.363. Under the criterion of functional item (C2), cooperation with R & D or production/market functions (e) is the most important detailed criterion, with a weight of 0.488. It is followed by new projects having orthogonal or continuum relationships (f), with a weight of 0.359. Under the criterion of organizational environment (C3), new projects within dynamic or competitive environments (h) garners the highest attention, with a very high weight of 0.643.
The integrated weights need to be observed to understand the overall importance of the detailed criteria for exploratory project selection. This is because an important detail criterion may not be very important overall if the weight of its upper-level criterion is not very high. The most important detailed criterion among all the ten detailed criteria is cooperation with R & D or production/market functions (e), with an integrated weight of 0.260. This is mainly because an exploratory NPD can only be successful if members in the R & D department can cooperate well with key members in other departments such as production and marketing. The second most important detailed criterion is new projects having orthogonal or continuum relationships (f), with an integrated weight of 0.191. This is because the knowledge and expertise obtained from previous products can be carried over to develop the new product. Informal or formal organizational connection (d) and cooperation with new or old partners (a) rank third and fourth with integrated weights of 0.133 and 0.128, respectively. This is because the firm needs to have some kind of connection and cooperation with other firms in the manufacturing network to expedite the information flow regarding the projects among the member firms.
After synthesizing the importance of the criteria and detailed criteria with the expected performance of the ten candidate projects, the FANP analysis shows that the most exploratory projects are diffusion furnaces (V9) (a final weight of 0.129), PECVD (V8) (0.125), crystalline furnaces (V7) (0.124) and laminators (V10) (0.116). Next, the company needs to evaluate the projects further based on resource limits and specific constraints, and this is done by the FGP model. While the company aims to select the most exploratory projects, budget limit, exploratory hours, gross profit and exploitative hours need to be considered in a comprehensive way. After calculations by the proposed model, four projects are finally selected: automatic production equipment (V2), cutting machines (V3), crystalline furnaces (V7) and diffusion furnaces (V9). These four projects should be selected to compensate for the changes from exploitative activities to exploratory activities in year 4. Even though PECVD (V8) and laminators (V10) have high priorities in the FANP analysis, they are not chosen in the FGP model, where additional goals and constraints are added. These two projects may be implemented in future periods after further studies.
In the beginning of year 4, new projects including automatic production equipment (V2), cutting machines (V3), crystalline furnaces (V7) and diffusion furnaces (V9) were chosen based on the proposed model for punctuated adjustment, and more effort was put on exploratory innovation to compensate for the low accumulated exploratory hours in previous years. From year 4 through year 6, ambidextrous adjustment was carried out to steadily shift the limited resources among projects. An accumulation of 7170 exploratory hours and 3200 exploitative hours were invested. Successful exploratory projects were developed, and a noticeable amount of profits were made. In the year of year 4, collaboration was stressed because it was important to generate maximum synergy by accelerating exploratory activities while maintaining previous successful projects. Projects V2 and V3 were retained while V7 and V9 were reinforced. In year 5, compromise was focused on because of imminent time pressure to develop some projects. Project V2 (reduced) transferred limited resources to project V3 (expedient) while project V7 (reduced) transferred limited resources to project V9 (expedient). In year 6, because the development of project V2 was behind schedule, forcing was applied to project V2 while accommodation was applied to project V7. At the same time, because it was important to accelerate project V9, collaboration was applied. Then, project V3 was retained while V9 was reinforced.
In order to be sustainably competitive, a firm needs to balance its exploratory and exploitative activities over the long run. However, past work and practice have not shown much evidence on whether these two activities can co-exist, why a firm should select one over the other, and whether exogenous or endogenous contextual factors could determine which activities should be focused on. Therefore, this paper aims to theoretically and practically propose a conceptual model that can help balance exploration and exploitation for a firm. In summary, this paper has some important contributions. First, this paper discusses the topic from the perspective of network collaboration. It is more practical for industries; second, this paper extends organizational ambidexterity into two dimensions, punctuated adjustment and flexible adjustment, so that a balanced exploitation and exploration can be attained in the long term; third, this paper extends ambidexterity into five situations, including collaboration, compromise, accommodation, forcing and avoidance. Basically, the members in a team will put their effort toward exploration or exploitation when collaboration among projects can be adopted to generate maximum synergy of the firm. Compromise should be adopted when different projects are desired by different members or when an expedient solution is necessary. Forcing or accommodation is recommended if a decisive action does not need to be made urgently, and a trade-off between exploitation and exploration should be adopted. Avoidance should be adopted when unpopular actions may result from a quick decision, and both exploration and exploitation activities may be reduced; fourth, the paper designs a platform, called CMSG with Delphi technique, to simultaneously break constraints from structural ambidexterity and facilitate stretch, support, discipline, and trust from contextual ambidexterity by timely communication; fifth, the conceptual model considers processes of projects from linear, recursive, chaotic, and punctually adjusted views, and thus the model is more comprehensive. Finally, the paper is the first one that aims to adjusted unbalanced exploitation and exploration under punctuated adjustment using a fuzzy analytic network process (FANP) with fuzzy goal programming (FGP) model.
After practically investigating the previous experiences of a flat panel display (FPD) manufacturer using the proposed model, this research concludes that balanced exploration and exploitation can be attained and sustainable competitive advantage can be subsequently obtained. The model is recommended to practitioners for selecting and implementing projects. By following the steps detailed in this paper, practitioners can adjust the model, with the incorporation of different factors and goals based on the specific environment, for sustainable project management.
For future studies, some other methodologies, such as self-organizing maps, neural networks and mixed linear programming (MLP), can be applied to solve the problem. These methodologies can be compared with the proposed FANP with FGP model to learn the advantages and disadvantages of the proposed model.
The research is designed and performed by Amy H. I. Lee and He-Yau Kang. The data was collected by Hsing Hung Chen. Analysis of data was performed by He-Yau Kang and Hsing Hung Chen. Finally, the paper was written by Hsing Hung Chen and Amy H. I. Lee. All authors read and approved the final manuscript.
Conflicts of Interest
The authors declare no conflict of interest.
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Proposed framework to balance exploitation and exploration.
Proposed framework to balance exploitation and exploration.
Different views of the proposed framework.
Different views of the proposed framework.
Triangular fuzzy numbers.
Triangular fuzzy numbers.
Positive Triangular Fuzzy Numbers
Positive Reciprocal Triangular Fuzzy Numbers
(1, 1, 1)
(1, 1, 1)
(1, 1, 3)
(1/3, 1, 1)
(1, 3, 5)
(1/5, 1/3, 1)
(3, 5, 7)
(1/7, 1/5, 1/3)
(5, 7, 9)
(1/9, 1/7, 1/5)
(7, 9, 9)
(1/9, 1/9, 1/7)
Limited resources of the PV projects.
Limited resources of the PV projects.
The Plan in Year 1 Results in Year 1
The Plan in Year 2 Results in Year 2
The Plan in Year 3 Results in Year 3
Maximum Amount of Budget
$50 million ($50 million)
$50 million ($47 million)
$50 million ($51 million)
Targeted Exploratory Hours
1000 h/year 900 h/year
2000 h/year 1550 h/year
2000 h/year 750 h/year
Minimum Gross Profit
$50 million $40 million
$80 million $40 million
$100 million $70 million
Targeted Exploitative Hours
1000 h/year 1400 h/year
2000 h/year 2200 h/year
2000 h/year 2300 h/year
The plan in year 4 Results in year 4
The plan in year 5 Results in year 5
The plan in year 6 Results in year 6
Maximum Amount of Budget
$60 million ($63 million)
$60 million ($66 million)
$60 million ($58 million)
Targeted Exploratory Hours
2000 h/year 2000 h/year
2500 h/year 2560 h/year
2500 h/year 2610 h/year
Minimum Gross Profit
$100 million $96 million
$100 million $120 million
$100 million $160 million
Targeted Exploitative Hours
1000 h/year 1200 h/year
1000 h/year 900 h/year
1000 h/year 1100 h/year
Importance of factors.
Importance of factors.
Organizational Structure (C1)
Cooperation with new or old partners (a)
Dense or sparse social connections (b)
A partner in similar or different size/industry (c)
Informal or formal organizational connection (d)
Functional Item (C2)
Cooperation with R&D or production/market functions (e)
New projects having orthogonal or continuum relationships (f)
Higher or lower complementary on resources or expertise (g)
Organizational Environment (C3)
New projects within dynamic or competitive environments (h)
Cooperation with generalized trust or dyadic trust (i)
Common integrated or common component knowledge (j)