{"id":"https://openalex.org/W2807370224","doi":"https://doi.org/10.1109/tem.2018.2826983","title":"How Data-Driven Entrepreneur Analyzes Imperfect Information for Business Opportunity Evaluation","display_name":"How Data-Driven Entrepreneur Analyzes Imperfect Information for Business Opportunity Evaluation","publication_year":2018,"publication_date":"2018-06-04","ids":{"openalex":"https://openalex.org/W2807370224","doi":"https://doi.org/10.1109/tem.2018.2826983","mag":"2807370224"},"language":"en","primary_location":{"id":"doi:10.1109/tem.2018.2826983","doi":"https://doi.org/10.1109/tem.2018.2826983","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tem.2018.2826983","pdf_url":null,"source":{"id":"https://openalex.org/S154533451","display_name":"IEEE Transactions on Engineering Management","issn_l":"0018-9391","issn":["0018-9391","1558-0040"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Engineering Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5032006091","display_name":"Ethem \u00c7anako\u011flu","orcid":"https://orcid.org/0000-0002-2572-1985","observed_orcids":["https://orcid.org/0000-0002-2572-1985"]},"institutions":[{"id":"https://openalex.org/I128277893","display_name":"Bah\u00e7e\u015fehir University","ror":"https://ror.org/00yze4d93","country_code":"TR","type":"education","lineage":["https://openalex.org/I128277893"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Ethem Canakoglu","raw_affiliation_strings":["Department of Industrial Engineering, Bah\u00e7e\u015fehir University, \u0130stanbul, Turkey"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Industrial Engineering, Bah\u00e7e\u015fehir University, \u0130stanbul, Turkey","institution_ids":["https://openalex.org/I128277893"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5025504373","display_name":"S. Sinan Erzurumlu","orcid":"https://orcid.org/0000-0003-4226-3522","observed_orcids":["https://orcid.org/0000-0003-4226-3522"]},"institutions":[{"id":"https://openalex.org/I96062909","display_name":"Babson College","ror":"https://ror.org/01f0syq13","country_code":"US","type":"education","lineage":["https://openalex.org/I96062909"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"S. Sinan Erzurumlu","raw_affiliation_strings":["Technology, Operations, and Information Management Division, Babson College, Babson Park, MA, USA"],"raw_orcid":"https://orcid.org/0000-0003-4226-3522","affiliations":[{"raw_affiliation_string":"Technology, Operations, and Information Management Division, Babson College, Babson Park, MA, USA","institution_ids":["https://openalex.org/I96062909"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5034412462","display_name":"Yaman Omer Erzurumlu","orcid":"https://orcid.org/0000-0002-8969-7232","observed_orcids":["https://orcid.org/0000-0002-8969-7232"]},"institutions":[{"id":"https://openalex.org/I128277893","display_name":"Bah\u00e7e\u015fehir University","ror":"https://ror.org/00yze4d93","country_code":"TR","type":"education","lineage":["https://openalex.org/I128277893"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Yaman Omer Erzurumlu","raw_affiliation_strings":["Department of Engineering Management, Bah\u00e7e\u015fehir University, \u0130stanbul, Turkey"],"raw_orcid":"https://orcid.org/0000-0002-8969-7232","affiliations":[{"raw_affiliation_string":"Department of Engineering Management, Bah\u00e7e\u015fehir University, \u0130stanbul, Turkey","institution_ids":["https://openalex.org/I128277893"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":2645,"currency":"USD","value_usd":2645},"apc_paid":null,"fwci":4.6306,"has_fulltext":false,"cited_by_count":47,"citation_normalized_percentile":{"value":0.94837339,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"65","issue":"4","first_page":"604","last_page":"617"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.8925999999046326,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.8925999999046326,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10058","display_name":"Entrepreneurship Studies and Influences","score":0.05400000140070915,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.016200000420212746,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/business-opportunity-evaluation","display_name":"business opportunity evaluation","score":0.8759999871253967},{"id":"https://openalex.org/keywords/market-uncertainty","display_name":"market uncertainty","score":0.9739999771118164},{"id":"https://openalex.org/keywords/imperfect-information","display_name":"imperfect information","score":0.9010000228881836},{"id":"https://openalex.org/keywords/investment-portfolio","display_name":"investment portfolio","score":0.699999988079071},{"id":"https://openalex.org/keywords/risk-preferences","display_name":"risk preferences","score":0.9120000004768372},{"id":"https://openalex.org/keywords/hedging","display_name":"hedging","score":0.875},{"id":"https://openalex.org/keywords/information-acquisition","display_name":"information acquisition","score":0.47099998593330383},{"id":"https://openalex.org/keywords/entrepreneurial-decision-making","display_name":"entrepreneurial decision-making","score":0.4620000123977661},{"id":"https://openalex.org/keywords/resource-constraints","display_name":"resource constraints","score":0.6549999713897705},{"id":"https://openalex.org/keywords/expected-returns","display_name":"expected returns","score":0.4699999988079071}],"concepts":[{"id":"https://openalex.org/C177225278","wikidata":"https://www.wikidata.org/wiki/Q192674","display_name":"Factoring","level":2,"score":0.6418556571006775},{"id":"https://openalex.org/C84309077","wikidata":"https://www.wikidata.org/wiki/Q3908516","display_name":"Entrepreneurship","level":2,"score":0.5680636763572693},{"id":"https://openalex.org/C2780274960","wikidata":"https://www.wikidata.org/wiki/Q5001907","display_name":"Business opportunity","level":2,"score":0.545888364315033},{"id":"https://openalex.org/C123676819","wikidata":"https://www.wikidata.org/wiki/Q1074338","display_name":"Perfect information","level":2,"score":0.538547158241272},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.48058342933654785},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4758738577365875},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.45477625727653503},{"id":"https://openalex.org/C179036041","wikidata":"https://www.wikidata.org/wiki/Q1901028","display_name":"Market analysis","level":2,"score":0.4415128529071808},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.431867778301239},{"id":"https://openalex.org/C73858035","wikidata":"https://www.wikidata.org/wiki/Q1164550","display_name":"Market risk","level":2,"score":0.4300786256790161},{"id":"https://openalex.org/C9272383","wikidata":"https://www.wikidata.org/wiki/Q5001930","display_name":"Business risks","level":2,"score":0.426209419965744},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4192194938659668},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.3733658492565155},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3425081968307495},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2852010130882263},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.2296639084815979},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/tem.2018.2826983","doi":"https://doi.org/10.1109/tem.2018.2826983","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tem.2018.2826983","pdf_url":null,"source":{"id":"https://openalex.org/S154533451","display_name":"IEEE Transactions on Engineering Management","issn_l":"0018-9391","issn":["0018-9391","1558-0040"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Engineering Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320320279","display_name":"University of Warwick","ror":"https://ror.org/01a77tt86"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":57,"referenced_works":["https://openalex.org/W158205031","https://openalex.org/W590369006","https://openalex.org/W1488001421","https://openalex.org/W1525574133","https://openalex.org/W1572495540","https://openalex.org/W1591482989","https://openalex.org/W1967566907","https://openalex.org/W1968549150","https://openalex.org/W2002722695","https://openalex.org/W2008072761","https://openalex.org/W2009248339","https://openalex.org/W2013340531","https://openalex.org/W2015012376","https://openalex.org/W2023292379","https://openalex.org/W2023468818","https://openalex.org/W2027083550","https://openalex.org/W2033070529","https://openalex.org/W2044406614","https://openalex.org/W2059402723","https://openalex.org/W2061506349","https://openalex.org/W2062398484","https://openalex.org/W2071189926","https://openalex.org/W2075763914","https://openalex.org/W2077590131","https://openalex.org/W2087904691","https://openalex.org/W2088592705","https://openalex.org/W2096574173","https://openalex.org/W2096833203","https://openalex.org/W2097969668","https://openalex.org/W2102022690","https://openalex.org/W2105594594","https://openalex.org/W2105718037","https://openalex.org/W2112177229","https://openalex.org/W2116421424","https://openalex.org/W2117930452","https://openalex.org/W2122143050","https://openalex.org/W2123651102","https://openalex.org/W2131833622","https://openalex.org/W2142384583","https://openalex.org/W2143701580","https://openalex.org/W2144768886","https://openalex.org/W2148108734","https://openalex.org/W2158222839","https://openalex.org/W2178244741","https://openalex.org/W2179823604","https://openalex.org/W2215536724","https://openalex.org/W2297087006","https://openalex.org/W2325003091","https://openalex.org/W2530432988","https://openalex.org/W2553735618","https://openalex.org/W2612452923","https://openalex.org/W2891085372","https://openalex.org/W2947063732","https://openalex.org/W3123331292","https://openalex.org/W3124658856","https://openalex.org/W3125484976","https://openalex.org/W4213297652"],"related_works":["https://openalex.org/W2836742470","https://openalex.org/W4404836400","https://openalex.org/W4286666014","https://openalex.org/W1992342557","https://openalex.org/W2400059355","https://openalex.org/W2048575013","https://openalex.org/W4385197180","https://openalex.org/W7169540761","https://openalex.org/W3121418865","https://openalex.org/W3183186601"],"abstract_inverted_index":{"High":[0],"market":[1,13,55,85,98],"uncertainty":[2,56],"impedes":[3],"an":[4,31,132],"entrepreneur's":[5,66,108],"ability":[6],"to":[7,34,42,53],"evaluate":[8],"the":[9,12,65,84,107,128,152,156],"state":[10],"of":[11,83,114,158],"for":[14,57,86,168],"a":[15,48,80,87,93],"business":[16,58,89,169],"opportunity.":[17,90],"For":[18],"many":[19],"entrepreneurial":[20],"ventures,":[21],"data":[22,52,99,159],"collection":[23],"and":[24,27,76,111,118,148,164],"analysis":[25],"techniques":[26],"technologies":[28],"are":[29],"becoming":[30],"important":[32],"source":[33],"manage":[35],"uncertainty.":[36],"This":[37],"trend":[38],"is":[39],"often":[40],"referred":[41],"as":[43],"\u201cdata-driven":[44],"entrepreneurship.\u201d":[45],"We":[46,91],"consider":[47],"dynamic":[49],"approach":[50],"using":[51],"overcome":[54,162],"opportunity-related":[59],"evaluations.":[60],"In":[61],"particular,":[62],"we":[63],"examine":[64],"investment":[67,72],"portfolio":[68],"in":[69,106],"which":[70],"each":[71],"generates":[73],"expected":[74,130],"returns":[75],"some":[77],"information":[78],"about":[79],"specific":[81],"aspect":[82],"single":[88],"develop":[92],"model":[94],"that":[95],"analyzes":[96],"imperfect":[97],"(e.g.,":[100],"financial,":[101],"social,":[102],"regulatory),":[103],"while":[104],"factoring":[105],"risk":[109,138,149],"preference":[110],"operational":[112],"shortages":[113],"resources,":[115],"routines,":[116],"reputation,":[117],"regulations.":[119],"Our":[120],"numerical":[121],"findings":[122],"show":[123],"that,":[124],"rather":[125],"than":[126],"pursuing":[127],"highest":[129],"returns,":[131],"entrepreneur":[133],"may":[134],"choose":[135],"perfect":[136],"information,":[137],"hedging,":[139],"or":[140],"market-controlling":[141],"investments":[142],"based":[143],"on":[144],"his/her":[145],"cash":[146],"level":[147],"preference.":[150],"Hence,":[151],"entrepreneur,":[153],"fueled":[154],"by":[155],"availability":[157],"analysis,":[160],"could":[161],"uncertainties":[163],"obtain":[165],"better":[166],"insights":[167],"opportunity":[170],"decisions.":[171]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":10},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":11},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2018-06-13T00:00:00"}
