The Influence of Enterprise Design Risk Attitude on the Choice of Heterogeneous Open Innovation Alliance

Changchun Sun, Ruiyi Dong, Yunsheng Xin and Nina Su

Mathematical Problems in Engineering, 2021, vol. 2021, 1-12

Abstract:

The choice of open innovation alliance has a significant impact on avoiding potential design risk. In order to reduce the enterprise design risk, an evaluation index system of innovation capability, including design risk, is constructed by considering the aspects of design risk identification, risk response, and risk monitoring. Then, a design risk evaluation method based on the prospect theory and fuzzy TOPSIS method is proposed. Combined with the prospect theory, the influences of three different risk attitudes (risk-taking, intermediate, and conservative) on design decisions are analyzed. Finally, the evaluation system and method are applied to the design evaluation of digital welding power source, and its feasibility is verified by a numerical example. The results show that the conservative risk attitude is consistent with the closeness evaluation results, and the intermediate risk attitude is consistent with the risk-taking attitude evaluation results. Introducing the psychological risk factors of the subject into the design decision-making behavior can help enterprises to choose the innovation alliance, which is more in line with the actual needs and reduces the innovation risk to the greatest extent. The index system and evaluation method established in this paper can provide theoretical reference for enterprise design risk analysis.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:6594513

DOI: 10.1155/2021/6594513

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