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Data mining-based variable assessment methodology for evaluating the contribution of knowledge services of a public research institute to business performance of firms

Published: 30 October 2017 Publication History

Abstract

A methodology for assessing the attributes of knowledge services is proposed.A data mining-based variable importance method is used for service-level scoring.Knowledge services from a public research institute in Korea are investigated.Product types of knowledge services boost firms business performance are assessed. This study proposes a methodology for assessing the contribution of knowledge services (KSs) provided by a Korean public research institute to the business performance of firms. A new methodology based on a data mining-based variable assessment method in a regression model is proposed for the service-level assessment. The contribution of the KSs to firms business performance is analyzed using their attributes and specific business performance indicators through the conditional variable permutation method in the random forest regression. This reduces the ambiguity in variable importance caused by the correlations among input variables. The proposed methodology is applied to the survey dataset collected from firms. The survey dataset is examined 1) for the whole data and 2) for a subset of the data, namely, small- and medium-sized enterprises (SMEs). The empirical results show behavioral properties of firms with regard to the given KSs in general and SMEs in particular. Practical and user-friendly service product types increase the firms expectation on business performance. Also, flexibility in the service products helps firms acquire much-needed knowledge and boosts their expectation on business performance. In particular, SMEs expect better business performance from the KSs that help them create business plans and strategies.

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  1. Data mining-based variable assessment methodology for evaluating the contribution of knowledge services of a public research institute to business performance of firms

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    Published In

    cover image Expert Systems with Applications: An International Journal
    Expert Systems with Applications: An International Journal  Volume 84, Issue C
    October 2017
    323 pages

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    Pergamon Press, Inc.

    United States

    Publication History

    Published: 30 October 2017

    Author Tags

    1. Data mining
    2. Knowledge service assessment
    3. Public research institute
    4. Relative contribution score
    5. Variable importance

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    • (2019)Promoting Geospatial Service from Information to Knowledge with Spatiotemporal SemanticsComplexity10.1155/2019/93014202019Online publication date: 21-Jan-2019

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