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The economics of search is a prominent component of economic
theory, and it has a richness and elegance that underpins a host of
practical applications. In this book Brian and John McCall present
a comprehensive overview of the economic theory of search, from the
classical model of job search formulated 40 years ago to the recent
developments in equilibrium models of search.
The book gives decision-theoretic foundations to seemingly
slippery issues in labour market theory, estimation theory and
economic dynamics in general, and surveys the entire field of the
economics of search, including its history, theory, and econometric
applications. Theoretical models of the economics of search are
covered as well as estimation methods used in search theory and
topics covered include job search, turnover, unemployment,
liquidity, house selling, real options and auctions. The
mathematical methods used in search theory such as dynamic
programming are reviewed as well as structural estimation methods
and econometric methods for duration models. The authors also
explore the classic sequential search model and its extensions in
addition to recent advances in equilibrium search theory.
The economics of search is a prominent component of economic
theory, and it has a richness and elegance that underpins a host of
practical applications. In this book Brian and John McCall present
a comprehensive overview of the economic theory of search, from the
classical model of job search formulated 40 years ago to the recent
developments in equilibrium models of search.
The book gives decision-theoretic foundations to seemingly
slippery issues in labour market theory, estimation theory and
economic dynamics in general, and surveys the entire field of the
economics of search, including its history, theory, and econometric
applications. Theoretical models of the economics of search are
covered as well as estimation methods used in search theory and
topics covered include job search, turnover, unemployment,
liquidity, house selling, real options and auctions. The
mathematical methods used in search theory such as dynamic
programming are reviewed as well as structural estimation methods
and econometric methods for duration models. The authors also
explore the classic sequential search model and its extensions in
addition to recent advances in equilibrium search theory.
The drive to realise operational efficiencies, improve customer
service, develop new markets and accelerate the introduction of new
products has substantially increased the complexity of field
service operations. To maximise the efficiency and effectiveness of
these operations, organisations have embarked on a wide range of
transformation programmes that have sought to introduce automation
through the use of workforce management technologies. Despite the
potential business value that can be provided by such
transformation programmes, too often, the automation technologies
have not been fully utilised and their expected benefits have as
such not been realised. Scholars of organisation change argue that
the success of any transformation programme is a function of how
well the technical, political, structural and social aspects of a
specific project have been managed. The objective of this edited
book is to provide insights into how organisations might
successfully transform their field service operations with the help
of workforce management technologies. Accordingly, the book is
organised into four sections: Section A "The Case for Transforming
Service and Field Operations" explains the rationale as to why
organisations should actively consider transforming their service
and field operations, while Section B presents various "Methods,
Models and Enabling Technologies for Transforming Service and Field
Operations". In Section C, a number of "Case Studies" illustrate
how new technologies can be applied to field and service operations
to deliver concrete business benefits. Lastly, Section D considers
"Challenges, Outcomes and Future Directions". Overall, this book
provides valuable insights into how to successfully transform field
service operations with automated technologies. It draws on years
of experience from different industries and from different
perspectives on realising change. It is aimed at managers,
technologists, change agents and scholars who are interested in
field service operations in general and the use of advanced
computing technologies in this area in particular.
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