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Transaction-based Governance: An Economic Approach to Regulating Agents Performance in Network Organizations

Fri, 02/10/2012 - 15:44 -- jkenkwof
Faculty Advisor(s): 
Dr. Mo Mansouri
Faculty Email(s): 
Mo.Mansouri@stevens.edu
Program: 
Enterprise Systems
Project Title: 
Transaction-based Governance: An Economic Approach to Regulating Agents Performance in Network Organizations
Description: 

Regulating performance of acting agents in a network organization is crucial for stability as well as sustainability of complex network of organizations. Modern economics proposes mathematical solutions based on pricing transactions among agents of such networks. Understanding various impacts of proposed solutions in ultimate performance of the network from a systems perspective could be the topic of a master's thesis.

References: 
  1. The Mechanisms of Governance by Oliver E. Williamson; Oxford University Press 1996
  2. Mo Mansouri, Ali Mostashari; A Systemic Approach to Governance in Extended Enterprise Systems; 4th Annual IEEE International Systems Conference; 2010, San Diego, CA, April 5-8, 2010
  3. Mo Mansouri, Hamid R. Darabi, Ali Mostashari, Babak Heydari; Enterprise Systems Governance Using Transactional Cost Analysis: An Agent-based Framework; 5th Annual IEEE International Systems Conference; 2011, Montreal, Canada, April 4-7, 2011
Student Requirements: 
  • Conducting research in this field requires in depth knowledge of a specific network organization, basics of economics (micro and macro), governance, engineering economics as well as mathematical modeling and optimization. Passing Fundamentals of Enterprise Systems (ES-621) and Governing Development (ES-677) is a pre­requisite for this project.
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