In this paper, we study the asset pricing implication of imprecise knowledge about rare events. Modeling rare events as jumps in the aggregate endowment, we explicitly solve the equilibrium asset prices in a pure-exchange economy with a representative agent who…

The construction of expert problem-solving systems requires the development of techniques for using modular representations of knowledge without encountering combinatorial explosions in the solution effort. This report describes an approach to dealing with this problem based on making some knowledge…

This study offers a detailed case study of how Toyota facilitates interorganizational knowledge transfers among within its production network. In particular, we identiify and examine six key institutionalized knowledge sharing routines developed by Toyota and its suppliers. By examining how…

This paper presents a knowledge-based approach to
reducing impediments to collaboration in a
distributed environment. A major impediment to
such collaboration is the issue of communications -
clearly and efficiently expressing the desires of every
stakeholder in the process, as…

This paper presents a knowledge-based approach for capturing data and rationale, so
that the experience and insights gained while pursuing a major project or endeavor can
be utilized when pursuing future endeavors of a similar nature. The proposed

This paper studies the relationship of Artificial Intelligence to the study of language and the representation of the underlying knowledge which supports the comprehension process. It develops the view that intelligence is based on the ability to use large amounts…

This paper demonstrates the importance of knowledge for effective
management of outsourcing. Drawing on an empirical study on automakers?
management of supplier involvement in product development in Japan, this paper shows
that the level of own knowledge is critical for…

This paper presents a knowledge-based approach to facilitate the engineering design
process relating to spacecrafts. Because the design evolves over a long time and typically
involves individuals working at different locations and frequently for different
organizations, the degree of collaboration…

Our approach for automating the negotiation of business
contracts proceeds in three broad steps. First, determine
the structure of the negotiation process by applying general
knowledge about auctions and domain-specific knowledge
about the contract subject along with preferences from po-

Drawing on an empirical study on automakers? management of supplier
involvement in product development in Japan, this paper shows that when the design of
a component is outsourced to a supplier, how much and what automakers know about
the component…