Research Reports from the Department of Operations
Document Type
Report
Publication Date
4-1-1983
Abstract
This study develops, tests, and evaluates a generic network-based method for use in the management of innovative start-ups. The major tasks accomplished in each start-up, including organizational, legal and accounting, financial, R&D, market research, manufacturing, and marketing were identified. For each major task, the significant activities, precedence relations, decisions nodes, alternative choices of action, and feedback loops were identified. The Q-GERT approach is used to model the innovative management process, involving probabilistic elements and decision processes. A computer program for Q-GERT simulation has been developed and applied to analyze different scenarios. In addition, computer outputs are obtained of such parameters as the critical path, the criticality index of each start-up task and the probability distribution of the time to each each end-state.
Keywords
Operations research, Entrepreneurship, New business enterprises--Management, Simulation methods, Decision making
Publication Title
Technical Memorandums from the Department of Operations, School of Management, Case Western Reserve University
Issue
Technical memorandum no. 526
Rights
This work is in the public domain and may be freely downloaded for personal or academic use
Recommended Citation
Dean, Burton V., "A Network Method in the Management of Innovative Start-Ups" (1983). Research Reports from the Department of Operations. 332.
https://commons.case.edu/wsom-ops-reports/332