Optimal task assignments

Balmaceda, Felipe

doi:10.1016/j.geb.2016.05.002

Cited by 12 publications

(4 citation statements)

References 26 publications

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“…Similar models have been considered in the economics literature. For example, Schmitz (2005), Winter (2006), Tamada and Tsai (2007), and Jost and Lammers (2010) consider settings with binary effort; while Lukas (2007), Schmitz (2013), Pi (2014), Balmaceda (2016) and Altan (2019) study settings with binary effort and symmetric costs.…”

Section: Decentralized Setting With a Single Vendormentioning

confidence: 99%

“…In contrast, in the current paper, we take the number of agents (i.e., the organizational structure) as given and we consider the optimal choice between the concurrent and sequential development strategies under probabilistic task completion. There are papers in the economics literature that consider probabilistic task completion, some of which focus exclusively on the sequential development strategy (e.g., Green and Taylor 2016, Mason and Välimäki 2015, Pi 2014, Schmitz 2005, Schmitz 2013, Tamada and Tsai 2007, Winter 2006, and Altan 2019), while others focus on the concurrent development strategy (e.g., Bond and Gomes 2009, MacDonald and Marx 2001, and Balmaceda 2016). Finally, other papers from the economics literature (e.g., Chen and Chiu 2013 and Iossa and Martimort 2012) consider tasks that must be completed sequentially, but without probabilistic task completion, where the tasks interact to determine the principal's payoff (e.g., there are externalities such that increased effort on one task may make effort on subsequent tasks more or less effective or efficient).…”

Section: Introductionmentioning

confidence: 99%

“… 4 4 In the economics literature, it is common to assume that there is some positive probability of successful task completion even when no effort is exerted. See, for example, Schmitz (2005), Winter (2006), Lukas (2007), Tamada and Tsai (2007), Schmitz (2013), Balmaceda (2016), and Altan (2019). …”

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confidence: 99%

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Impact of Organizational Structure on Development Strategy under Equity‐Based Incentives

Ryan

et al. 2021

Production and Operations Management

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This study considers the product development process for a start‐up that relies on equity‐based incentives to motivate effort by vendors who are hired to contribute to the development process. We study how the organizational structure of the start‐up affects the choice between sequential and concurrent development using a two‐task model, in which both tasks must be completed for the start‐up to earn revenue. We study several organizational structures, which differ in terms of task allocation, including centralized development, joint development, and decentralized development with one or two vendors. In the joint development and decentralized structures, the vendors must determine the amount of effort to exert on each task, where the probability that the task can be completed is increasing in effort. In exchange for effort, each vendor is offered a percentage of the revenue earned by the start‐up upon completion of the project. The start‐up must determine whether the tasks should be performed concurrently or sequentially, as well as the incentive rate to offer the vendors. We find that organizational structure plays a major role in determining the optimal development strategy. In a centralized setting, where both tasks are performed in‐house, the sequential development strategy is preferred. However, in a decentralized setting, where a single vendor performs both tasks, the opposite may occur. This is due, in part, to the inefficiency caused by the vendor's forward‐looking behavior under sequential development. This same result does not occur in a decentralized setting with two vendors or in the joint development setting.

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Section: Decentralized Setting With a Single Vendormentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Impact of Organizational Structure on Development Strategy under Equity‐Based Incentives

Ryan

et al. 2021

Production and Operations Management

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“…Felipe Balmaceda [15,16] studied an optimal task assignment method with a loss avoidance agent. It shows that loss avoidance combines the marginal cost of work in one task with the increase in the workload selected in other tasks in order to determine when multitasking saves compensation costs.…”

Section: Related Workmentioning

confidence: 99%

Design and Analysis of the Task Distribution Scheme of Express Center at the End of Modern Logistics

et al. 2019

Electronics

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With the rise and improvement of artificial intelligence technology, the express delivery industry has become more intelligent. At the terminal of modern logistics, each dispatch center has hundreds of express mail deliveries to be dispatched every day, and the number of dispatchers is far less than the number of express mail deliveries. How to assign scientific tasks to each courier dispatch is the main target of this paper. The purpose is to make the number of tasks between the various couriers in the express center roughly the same in each cycle, so that there is a more balanced income between the couriers. In the simulation experiment, the delivery addresses are clustered according to the balanced k-means algorithm. Then, the ant colony algorithm is used to plan the delivery order of the express items in each class. Then, the time cost model is established according to the delivery distance of the express items in each class and the delivery mode of the express items to calculate the delivery time cost. Through a large amount of experimental data, the standard deviation of delivery time cost of each courier gradually decreases and tends to stabilize, which suggests that this method has a good effect on the dispatching task assignment of the express center. It can effectively make the delivery workload between the distributors roughly the same, and improve the delivery efficiency of the courier, save energy, and promote sustainable development.

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Multitask assignments with adverse selection

Yin

2019

Economics Letters

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Optimal task assignments

Cited by 12 publications

References 26 publications

Impact of Organizational Structure on Development Strategy under Equity‐Based Incentives

Impact of Organizational Structure on Development Strategy under Equity‐Based Incentives

Design and Analysis of the Task Distribution Scheme of Express Center at the End of Modern Logistics

Multitask assignments with adverse selection

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