On the Sub-optimality of Strategic Decisions

Abstract: Conceptual view of fitness and fitness measurement of strategic decisions on information systems, technological systems and innovation are becoming more important in recent years. This paper determines some dynamics of fitness landscape which are lead to termination of decision makers' research before reaching the global maximum in strategic decisions. These dynamics are specified according to management decision making models and supported with simulation results. This article determines simulation results by means of Fitness Value and Probability of Optimality. Correlation between these two concepts may be remarkable according to revealing optimal values in innovative and research-based decision making approaches beside sub-optimal results of traditional decision making approaches.

Lead Lag Relationship and Price Discovery in Turkish Stock Exchange and Futures Markets

Abstract: In perfectly efficient financial markets, new information should be impounded simultaneously into the cash and futures markets. Real world institutional factors, however, often create an emprical lead-lag relationship between alternative securities price changes. Current futures prices in one futures market would lead the change of current spot prices. Price discovery can be defined as lead-lag relationship and information flows between two markets. This study examines the price discovery and lead-lag relationship between stock index (ISE 100) and stock index futures markets in Turkey over the period 2006-2011. We test our hypotheses with daily data in the context of a Vector Error Correction model that also incorporates possible cointegration between the futures and spot market. The evidence supports that the futures market in Turkey is a useful price discovery tool.

A Methodology for the Exploration of Supply Chain Architecture

Abstract: The Supply Chain Management (SCM) System and artificial intelligence, have not until recently been considered practical. After years of key research into information retrieval systems, we validate the construction of scheme, which embodies the unfortunate principles of supply chain activities. OCSSOM, our new approach for inventory cache coherence, is the solution to all of these issues.

Fitness Landscape Approach in Banking Sector

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Identifying Factors Related To Hospital Length Of Stay With Multinomial Logistic Regression

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Research on Information Technology Strategies in terms of Fitness Landscape Theory

Abstract: Fitness and fitness measurement of information technologies with the rest of an organization’s environment remains an important subject in today’s complex business systems. This paper presents the analytical nature of fitness of information technologies to build appropriate strategy about information technology that support business strategy has rarely been taken into consideration in strategic management. A view of fitness of information technology is presented about strategic information technology management that builds on fitness landscape theory. This view considers fitness landscape theory as strategic information technology management’s measurement at business strategy level and suggests using NK model to measure that fitness.

Information Systems Perspective on Enterprise Resources Planning: Impacts and Values

Abstract: The changing role of information in the enterprise increase the impact of information systems and information technologies on business concepts. Business concepts are formed with description of changing work flows and business processes of enterprises. Enterprise systems are combining with resource optimization together and establishing enterprise resource planning perspective. Technical and technological properties of information, which are needed for integration of enterprise resource planning systems, are described in this paper. Impacts of enterprise resource planning systems on this architecture are discussing. Values and important properties are developed by these enterprise systems which are increasing competition advantages of firms, are subjects of this paper.