Connectivity Is Ubiquitous, but Is it Beneficial? A Numerical Approach to Assess Individuals’ Valuations of Smart Home Systems

Berger, M; Matt, C; Hess, T (2016). Connectivity Is Ubiquitous, but Is it Beneficial? A Numerical Approach to Assess Individuals’ Valuations of Smart Home Systems. In: 49th Hawaii International Conference on System Sciences (pp. 5200-5209). IEEE 10.1109/HICSS.2016.644

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Digitization of everyday products and individual compositions of complex systems foster technological home networks. Thereby, users decide which smart home systems (SHS) they wish to connect themselves. Despite this phenomenon’s increasing relevance, previous research has not yet analyzed how individuals buy and combine systems for home network integration. Existing approaches do not consider the additional utility from connecting systems within home networks. Thus, we extend network effect theory with a user-centered view and formalize SHS valuation based on utility effects created by users’ independent decisions to connect. Our model presents a comprehensive and outright way of system valuation and selection, and accounts for current connectivity benefits in home networks. Based on combinatory optimization, we derive optimal home network compositions and underline the influences of network size and density. These findings on decision behavior are critical for providers to assess the utility of their products and to tweak system configurations accordingly.

Item Type:

Conference or Workshop Item (Paper)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute of Information Systems > Information Management
03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute of Information Systems

UniBE Contributor:

Matt, Christian

Subjects:

000 Computer science, knowledge & systems
300 Social sciences, sociology & anthropology > 330 Economics

ISSN:

1530-1605

ISBN:

978-1-5090-1981-6

Publisher:

IEEE

Projects:

[850] Management von Ökosystemen Official URL

Language:

English

Submitter:

Patrick Cédric Munz

Date Deposited:

12 Mar 2018 10:54

Last Modified:

18 Oct 2018 15:31

Publisher DOI:

10.1109/HICSS.2016.644

BORIS DOI:

10.7892/boris.105441

URI:

https://boris.unibe.ch/id/eprint/105441

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