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For R a discrete ring, M a simplicial R–bimodule, and X a simplicial set, we
construct the Goodwillie Taylor tower of the reduced K–theory of parametrized
endomorphisms K(R;M[X]) as a functor of X. Resolving general R–bimodules by
bimodules of the form M[X], this also determines the Goodwillie Taylor tower of
K(R;M) as a functor of M. The towers converge when X or M is connected. This
also gives the Goodwillie Taylor tower of K(R ⋉ M) ≃K(R;B.M) as a functor of
M.
For a functor with smash product F and an F–bimodule P, we construct an
invariant W(F;P) which is an analog of TR(F) with coefficients. We study the
structure of this invariant and its finite-stage approximations Wn(F;P) and conclude
that the functor sending X↦Wn(R;M[X]) is the n–th stage of the Goodwillie
calculus Taylor tower of the functor which sends X↦K(R;M[X]). Thus the functor
X↦W(R;M[X]) is the full Taylor tower, which converges to K(R;M[X]) for
connected X.
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