Analytical Approaches to Strategic Decision-Making: Interdisciplinary Considerations

Analytical Approaches to Strategic Decision-Making: Interdisciplinary Considerations

Madjid Tavana (La Salle University, USA)
Release Date: April, 2014|Copyright: © 2014 |Pages: 417
ISBN13: 9781466659582|ISBN10: 1466659580|EISBN13: 9781466659599|DOI: 10.4018/978-1-4666-5958-2


Using interdisciplinary approaches to strategic management can strengthen the decision making process. Incorporating various methods will also encourage productivity, expand knowledge of participants, and increase technical proficiency.

Analytical Approaches to Strategic Decision-Making: Interdisciplinary Considerations aims to integrate different techniques into the world’s fast-changing and dynamic society to better equip all readers and practitioners with the most effective knowledge. Managers, CEOs, researchers, and academics in the fields of business and leadership will all benefit from this valuable resource through an enhanced understanding of best practices in decision-making and management.

Topics Covered

The many academic areas covered in this publication include, but are not limited to:

  • Consumer Purchase Decisions
  • Decision Making
  • Diversification Decision Making
  • Failure Analysis
  • Internet Banking Adoption
  • Multi-Objective Problems
  • Specialization Decision Making

Reviews and Testimonials

Specialists in marketing, operations, management, and other aspects of business look at strategic decision making from perspectives of organizational and strategic decisions, sales and financial analytics, and production and operations analytics. Among the topics are implications and philosophical requirements of a comprehensive dialectical inquiry system, the impact of chasing technology on consumer purchase behavior, practical machine learning in financial trend prediction, ordering policy in a two-warehouse environment for deteriorating items under inflationary conditions, and failure analysis in precision manufacturing.

– ProtoView Book Abstracts (formerly Book News, Inc.)

Table of Contents and List of Contributors

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Editorial Advisory Board and List of Reviewers
Table of Contents
Madjid Tavana
Chapter 1
William Acar, Douglas A. Druckenmiller
For the purpose of aiding upper-level strategic or political decision making and some forms of conflict management, this chapter revisits the... Sample PDF
Implications and Philosophical Requirements of a Comprehensive Dialectical Inquiry System
Chapter 2
Dimitris Folinas, Mohammed Althrawa
This chapter has two main aims: first, to explore the role of various economical, financial, and strategic forces influencing firms towards... Sample PDF
Specialization vs. Diversification Decision Making: Driving Forces and Challenges
Chapter 3
Kathryn E Stecke, Yong Yin, Ikou Kaku
Seru, a new production organization, was developed to cope with the volatile manufacturing environments with short product life cycles, uncertain... Sample PDF
Seru Production: An Extension of Just-in-Time Approach for Volatile Business Environments
Chapter 4
Kouroush Jenab, Selva Staub
Why is management style so important to Six Sigma implementation? Many writers have attempted to define managers as effective quality leaders.... Sample PDF
Successful Implementation of Six Sigma Considering Management Styles
Chapter 5
Yanzhen Li, Rapinder S. Sawhney, Joseph H. Wilck IV
In order to retain competitive advantages, many manufacturing organizations have applied Lean Six Sigma techniques to improve production processes.... Sample PDF
Prioritizing Lean Six Sigma Efforts Using Bayesian Networks
Chapter 6
Derrick S. Boone Sr.
Prior research has shown that when making high tech purchase decisions, consumers consider not only the relative advantage afforded by currently... Sample PDF
Consumer Preference for the Latest Technological Offering: The Impact of Chasing Technology on Consumer Purchase Behavior
Chapter 7
Mariya A. Sodenkamp, Leena Suhl
Vendor selection and order quantity assignment plays a central role in the purchasing activity of manufacturing and trading companies. Evaluation of... Sample PDF
A Multi-Criteria Vendor Selection and Order Allocation GDSS using a Mixed Alternative and Value Focused Thinking Approach
Chapter 8
Baoying Lai, Nathan Lael Joseph
In this chapter, the authors use an EGARCH-ECM to estimate the pass-through effects of Foreign Exchange (FX) rate changes and changes in producers’... Sample PDF
Modeling Foreign Exchange Rate Pass-Through using the Exponential GARCH
Chapter 9
G. Varaprasad, R. Sridharan, Anandakuttan B. Unnithan
The competition in the banking sector has increased dramatically from the past decade. This increased competition environment in the financial... Sample PDF
Customers’ Perspectives of Internet Banking Adoption in Developing Economies
Chapter 10
Salim Lahmiri
Using the wavelet analysis for low-frequency time series extraction, the authors in this chapter conduct out-of-sample predictions of the S&P500... Sample PDF
Practical Machine Learning in Financial Market Trend Prediction
Chapter 11
Nirmal S Kalsi, Rakesh Sehgal, Vishal S. Sharma
Due to the increase in complexity and expectations of more reliable solutions for a problem, the importance of multi-objective problem solutions is... Sample PDF
Grey-Based Taguchi Analysis Approach for Optimization of Multi-Objective Problem
Chapter 12
Kouroush Jenab, Philip D. Weinsier
Additive Manufacturing (AM) is a process of making a Three-Dimensional (3D) solid object of virtually any shape from a digital model that is used... Sample PDF
Complexity Analysis in Additive Manufacturing for the Production of Tissue Engineering Constructs
Chapter 13
P. Vijaya Laxmi, Veena Goswami, K. Jyothsna
This chapter analyzes a steady-state finite buffer M/M/1 working vacation queue wherein the customers can balk or renege. Unlike the classical... Sample PDF
Performance Analysis of a Markovian Working Vacations Queue with Impatient Customers
Chapter 14
Chandra K. Jaggi, Anuj Sharma, Reena Jain
This chapter introduces an economic order quantity inventory model under the condition of permissible delay in payments in fuzzy environment. All... Sample PDF
EOQ Model with Permissible Delay in Payments under Fuzzy Environment
Chapter 15
K. K. Aggarwal, Alok Kumar
In this era of globalization and constant innovation, the life cycles of products are diminishing, which tends to cause dynamic behaviour in the... Sample PDF
An Economic Order Quantity Model for New Products When Demand Follows Dynamic Innovation Process
Chapter 16
Chandra K. Jaggi, Sarla Pareek, Aditi Khanna, Ritu Sharma
In this chapter, the two-warehouse inventory problem is considered for deteriorating items with constant demand rate and shortages under... Sample PDF
Ordering Policy in a Two-Warehouse Environment for Deteriorating Items under Inflationary Conditions
Chapter 17
Kouroush Jenab, Saeid Moslehpour
Precision manufacturing is a process to produce products with tolerances smaller than 1 part in 104 or 105. The process is based on dimensional... Sample PDF
Failure Analysis in Precision Manufacturing
About the Contributors

Author(s)/Editor(s) Biography

Madjid Tavana is Professor and Lindback Distinguished Chair of Business Analytics at La Salle University, where he serves as Chairman of the Business Systems and Analytics Department. He also holds an Honorary Professorship in Business Information Systems at the University of Paderborn in Germany. Dr. Tavana is Distinguished Research Fellow at the Kennedy Space Center, the Johnson Space Center, the Naval Research Laboratory at Stennis Space Center, and the Air Force Research Laboratory. He was recently honored with the prestigious Space Act Award by NASA. He holds an MBA, PMIS, and PhD in Management Information Systems and received his Post-Doctoral Diploma in Strategic Information Systems from the Wharton School at the University of Pennsylvania. He has published 11 books and over 200 research papers in international scholarly academic journals. He is the Editor-in-Chief of Decision Analytics, International Journal of Applied Decision Sciences, International Journal of Management and Decision Making, International Journal of Knowledge Engineering and Data Mining, International Journal of Strategic Decision Sciences, and International Journal of Enterprise Information Systems.