Optimal management of value life cycle

Abstract

To generate profit, a firm should manage its value life cycle optimally. That is, the firm has to succeed in developing new products, and produce them effectively to gain the competitive advantage and generate profits. In this sense, I conduct three studies related to the optimal management of value life cycle. In the first study, I investigate the determinant of R&D performance using the data of Korean SMEs. In the second study, I investigate the relationship between inventory and firm performance empirically using the data of manufacturing firms in Korea. In addition, I examine the moderating effects of R&D intensity and competitive intensity. In the last study, I investigate the methods to mitigate the gap between optimal inventory level and decisions of decision makers from learning perspective using the newsvendor experiment.