The most recent Foreground publications are:
- An Economic Trajectory: The product and the projectile (May 2016)
- Flightpaths and Forgetful Markets: Innovation strategy as journey through economic airspace (May 2016)
|A background paper for the work presented here is A New Look at Linear Viscoelasticity from Materials Letters 31: 351-357 1997. An original pre-print version of this paper is now available through the link.
Abstract: A novel graphical representation of a viscoelastic behaviour is derived using a model which includes a stochastic transfer of strain energy into dissipative processes. The picture of a mechanical behaviour thus obtained offers a different look at a material from that found in empirical plots of force and deformation. By precisely matching the stochastic model to the behaviour of the standard linear viscoelastic solid, the derived graphical output also adopts a characteristic linearity.
Abstract: A stochastic model of a dissipative physical system is used to simulate the commercial behaviour of an innovative enterprise. Two parameters specify this behaviour. Perceived value within a population of consumers is assumed to comprise a Gaussian distribution specified by a single standard deviation parameter. This standard deviation relates to the value creation of the enterprise by defining the breadth of value perception for the consumer population. A second parameter relates to the replication of this value through the production activities of the enterprise. This uncoupling of value creation and value replication enables the parameters to provide indices for the innovation and production capacity for seven multinational companies whose real commercial data is fitted to the stochastic simulation of each enterprise. Furthermore, these commercial companies are compared with organisations that are sustainable but non-profit to identify a “Sustainability Limit” for each enterprise.
Figure 7 Model parameter estimates for commercial organisations in comparison with the Sustainability Limit curve (2008-14 data, log-log scale)