Latest news with #GoaInstituteofManagement
Time of India
6 days ago
- Business
- Time of India
Goa Institute of Management develops algorithm to tackle bias, collusion in e-commerce
Academy Empower your mind, elevate your skills Researchers from the Goa Institute of Management (GIM) have developed a two-stage competitive assortment algorithm to make digital marketplaces fairer and more transparent for both sellers and consumers, according to in the prestigious journal "Computational Management Science", the study explores the growing concerns and potential solutions of algorithmic bias and collusive practices on digital to Dipankar Das, Assistant Professor at GIM, Current digital marketplaces often use ranking algorithms that prioritise revenue generation."This has led to serious issues such as manipulated customer reviews, platform self-preferencing, and opaque search result algorithms. As a result, genuine sellers face limited visibility, market competition becomes distorted, and consumers are exposed to misleading product information," Das said."The algorithm developed is a potential option to bring transparency and fairness to product rankings. By explicitly modelling the competitive dynamics between vendors and platforms, the proposed algorithm offers a novel mechanism to curtail collusive ranking behaviour, ensure equal market access and enhance transparency," he key features of the developed algorithm include--integrating review credibility and price efficiency to induce fair visibility for a product; simulated results showed significantly higher revenue than any quality-only or price-only models; compliance with regulatory requirements for transparency and equal market access to vendors; increased customer trust, reduced seller acquisition cost, and improved long-run profitability."The developed algorithm ensures fairness by filtering based on credible review thresholds and competitive pricing. Aligning with the emerging antitrust regulations globally, the algorithm has demonstrated collusion-resistance and transparency via simulation and empirical ranking corrections," he explained that this study has a direct impact on digital e-commerce search engines."As regulations under the emerging Digital Market Laws in the European Union and India get stricter, it tackles the key issue of bringing back fairness to digital product rankings. The developed algorithm can also aid platform architects in redesigning ranking engines that balance profitability and fairness," he added.
Mint
6 days ago
- Business
- Mint
Goa Institute of Management develops algorithm to tackle bias, collusion in e-commerce
New Delhi, Aug 3 (PTI) Researchers from the Goa Institute of Management (GIM) have developed a two-stage competitive assortment algorithm to make digital marketplaces fairer and more transparent for both sellers and consumers, according to officials. Published in the prestigious journal "Computational Management Science", the study explores the growing concerns and potential solutions of algorithmic bias and collusive practices on digital marketplaces. According to Dipankar Das, Assistant Professor at GIM, Current digital marketplaces often use ranking algorithms that prioritise revenue generation. "This has led to serious issues such as manipulated customer reviews, platform self-preferencing, and opaque search result algorithms. As a result, genuine sellers face limited visibility, market competition becomes distorted, and consumers are exposed to misleading product information," Das said. "The algorithm developed is a potential option to bring transparency and fairness to product rankings. By explicitly modelling the competitive dynamics between vendors and platforms, the proposed algorithm offers a novel mechanism to curtail collusive ranking behaviour, ensure equal market access and enhance transparency," he added. The key features of the developed algorithm include--integrating review credibility and price efficiency to induce fair visibility for a product; simulated results showed significantly higher revenue than any quality-only or price-only models; compliance with regulatory requirements for transparency and equal market access to vendors; increased customer trust, reduced seller acquisition cost, and improved long-run "The developed algorithm ensures fairness by filtering based on credible review thresholds and competitive pricing. Aligning with the emerging antitrust regulations globally, the algorithm has demonstrated collusion-resistance and transparency via simulation and empirical ranking corrections," he said. Das explained that this study has a direct impact on digital e-commerce search engines. "As regulations under the emerging Digital Market Laws in the European Union and India get stricter, it tackles the key issue of bringing back fairness to digital product rankings. The developed algorithm can also aid platform architects in redesigning ranking engines that balance profitability and fairness," he added.
India Today
15-07-2025
- Business
- India Today
Goa Institute of Management qualifies as first Indian b-school for Oxford finals
The Goa Institute of Management (GIM) has become the first Indian business school to reach the global finals of the 'Map the System' competition, held by the Skoll Centre for Social Entrepreneurship at the University of Oxford. The final event took place from July 3 to 6 at Oxford's Sad Business School.A total of 134 students from 50 institutions across 17 countries were selected after campus and national rounds. Over 1,750 participants entered the contest GIM team -- Aryan Rajpal, Shubham Das, Dhruv Bhagat, Aditi Naringe, and Yash Kabra, all PGDM second-year students, presented their project titled Mapping Access to Justice in India. It looked at deeper issues in India's legal system, beyond delays and studied how lack of infrastructure, old systems of thinking, and poor accountability affect justice team used tools like the Iceberg Model and causal loop diagrams to map the team also highlighted Online Dispute Resolution (ODR) as a practical, technology-driven solution to improve access to STUDENTS REACH OXFORD WITH JUSTICE RESEARCH PROJECTThe competition asked students to present research in written, visual, and oral forms. The focus was not on solving problems quickly but on understanding root GIM students were mentored by Professor Pravat Surya Kar, Professor Andy Silveria, and Prof. Karman project qualified for the global round after winning earlier stages at the institute Oxford, the students presented their findings before a panel of experts from academia, policymaking, and the social impact sector. The event also included workshops, speaker sessions, and networking with global Ajit Parulekar, Director of GIM, congratulated the team and said their work reflects the institute's efforts to promote systems thinking and problem-based it a turning point in their academic journey, the students said the contest helped them look beyond surface issues and understand complex systems behind everyday this recognition, GIM joins a growing list of Indian institutions gaining ground on global platforms in the area of social innovation and problem mapping.- Ends
Time of India
16-06-2025
- General
- Time of India
Surrounded by water bodies but not a drop to drink in Sattari
A community in Malpon receives water tanker service once in two days Keri: Despite having the Mhadei, its tributaries, and the Anjunem dam in Keri, villages in Sattari taluka continue to fall short of its water requirements due to overexploitation of groundwater, insufficient rainwater harvesting, and poor water resource management. This in turn, has led to increased human-wildlife conflicts and disruptions in daily life. Govt has established water treatment plants at Dabos (15 MLD) and Padoshe (40 MLD) to supply drinking water to most Sattari villages. However, road works, optical fiber installation, and power disruptions frequently interrupt supply. The water crisis has particularly affected villages in the mining belt, prompting legal action. 'Only after the directives given by the high court, govt took necessary measures for resolving our drinking water crisis. We are getting drinking water through the taps and efforts are in progress to provide irrigation water to agro-horticultural crops,' said Hanumant Parab, a resident of Pissurlem. In April, many villages experienced severe water shortages when heavy machinery damaged the main pipeline of the Dabos water treatment plant in Valpoi town. While the public works department (PWD) deployed water tankers, many residents struggled to receive timely water supply. Dhangar families near the Goa Institute of Management in Poriem also rely on water tankers for their daily needs. Remote hamlets where pastoral Dhangar families reside face daily struggles for safe drinking water. The Dalit community in Nimnichegaal, Malpon, receives water tanker service only every two days, highlighting the ongoing challenges in water distribution across the region. 'Presently, we receive water supply for 2 hours in the morning and 2 hours in the evening. However, when there is no electricity, we have to bring water from the local well or natural spring carrying pots,' said Sumiksha Gaonkar from Kasarwada-Morle. PWD executive engineer Rashmi Shirodkar in Bicholim stated, 'In Sattari, presently 9 tankers have been involved in providing drinking water in the interior areas. When there is disruption in the electricity supply, we make our best efforts to provide water through the tankers.' The situation remains challenging for many residents. 'We are struggling to get drinking water supply smoothly and regularly and sometimes get water after two days and that is only for one hour. Most of the time, our taps run dry,' said Jyotma Gaonkar, a homemaker from Bhuipal.
