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2007–2012 global financial crisis – Over-reliance on David X. Li 's Gaussian copula model misprices the risk of collateralized debt obligations. [8] In finance, model risk is the risk of loss resulting from using insufficiently accurate models to make decisions, originally and frequently in the context of valuing financial securities. [9 ...
The chain-linked model or Kline model of innovation was introduced by mechanical engineer Stephen J. Kline in 1985, [1] and further described by Kline and economist Nathan Rosenberg in 1986. [2] The chain-linked model is an attempt to describe complexities in the innovation process. The model is regarded as Kline's most significant contribution.
The Bass model or Bass diffusion model was developed by Frank Bass. It consists of a simple differential equation that describes the process of how new products get adopted in a population. The model presents a rationale of how current adopters and potential adopters of a new product interact. The basic premise of the model is that adopters can ...
Toolkits can be designed to support end user innovation and/or end user customization. In the case of the deck design illustration just provided, the toolkit is clearly capable of deck customization only. However, the same concepts are widely applied today in many fields.
The State Innovation Exchange (SIX), formerly American Legislative and Issue Campaign Exchange (ALICE), is a nonprofit organization established in September 2012 by the Center on Wisconsin Strategy (COWS) at the University of Wisconsin–Madison. [1] The organization provides an online database of state-level legislation that has been passed in ...
The Downtown Emergency Service Center (DESC) is a non-profit organization in Seattle, Washington, providing services for that city's homeless population. The organization was founded in 1979 to aid men and women living in a state of chronic homelessness who, due to their severe and persistent mental and addictive illnesses, were not being served by the existing shelters at the time.
Open innovation is a term used to promote an information age mindset toward innovation that runs counter to the secrecy and silo mentality of traditional corporate research labs. The benefits and driving forces behind increased openness have been noted and discussed as far back as the 1960s, especially as it pertains to interfirm cooperation in ...
Cambridge Innovation Center (CIC) is an American real estate services company which bills itself as a "community of entrepreneurs". The company was founded in 1999 by Massachusetts Institute of Technology (MIT) graduates Timothy Rowe and Andrew Olmsted. Its campuses are a mix of startups, “corporate innovation spin-outs,” and VC funds.
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