|Total results: 497||
|Emerging Methods in Predictive Analytics: Risk Management and Decision-Making
William H. Hsu.
Decision making tools are essential for the successful outcome of any organization. Recent advances in predictive analytics have aided in identifying particular points of leverage where critical decisions can be made.
Emerging Methods in Predictive Analytics: Risk Management and Decision Making...
Analytical Approaches to Strategic Decision-Making: Interdisciplinary Considerations
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...
Implications and Philosophical Requirements of a Comprehensive Dialectical Inquiry System
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 concept of dialectical inquiry (DI) from the perspective of collaborative framing or modeling for “collaboration engineering.” It does so by integrating the...
Specialization vs. Diversification Decision Making: Driving Forces and Challenges
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 diversification and specialization decision making within the Saudi Arabian manufacturing industry, and second to assess the challenges for both types of companies...
Seru Production: An Extension of Just-in-Time Approach for Volatile Business Environments
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 product types, and fluctuating production volumes (sometimes mass, sometimes batch, and sometimes very small volumes.). Many leading global companies such as...
Successful Implementation of Six Sigma Considering Management Styles
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. Particularly following the 1920s, a great deal of research focused on worker motivation. Prior to the 1920s most employees were looked at as machines and their...
Prioritizing Lean Six Sigma Efforts Using Bayesian Networks
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. The general approach for implementing Lean Six Sigma is to perform various projects to tackle specific problems or areas. However, with the manufacturing...
Modeling Foreign Exchange Rate Pass-Through using the Exponential GARCH
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’ prices for 20 U.K. export sectors. The long-run adjustments of export prices to FX rate changes and changes in producers’ prices are within the range of...
Customers’ Perspectives of Internet Banking Adoption in Developing Economies
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 service sector has resulted in the development and utilization of alternative delivery channels. The advancements and revolutions in the communication and...
Practical Machine Learning in Financial Market Trend Prediction
Using the wavelet analysis for low-frequency time series extraction, the authors in this chapter conduct out-of-sample predictions of the S&P500 price index future trend (up and down) following two trading strategies. In particular, the goal is to separately predict an increase or decrease of stock...
Grey-Based Taguchi Analysis Approach for Optimization of Multi-Objective Problem
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 increasing day by day. It can play a significant role in making a decision. In the present approach, many combinations of the optimization techniques are...
Performance Analysis of a Markovian Working Vacations Queue with Impatient Customers
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 vacation queues, the server can still render service to customers during the working vacations, at a different rate rather than completely terminating the...
EOQ Model with Permissible Delay in Payments under Fuzzy Environment
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 the parameters of the model, excluding permissible delay period and cycle length, are taken to be trapezoidal Fuzzy numbers. The arithmetic operations are...
Failure Analysis in Precision Manufacturing
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 precision, angular precision, form precision, surface roughness, kinematic precision, and surface layer alternations. There are sources of error in precision...
Management Theories and Strategic Practices for Decision Making
There is an immense amount of information to be considered when attempting to solve complex strategic problems. To recognize the complexity of this process, the creation of tools and techniques are essential to aid decision makers in developing a rational model for strategy evaluation.Management...
Searching for Pareto-Optimal Settlements in Negotiations: The Extreme Payoffs Method
Joao S. Neves, Behnam Nakhai.
Decision-making analysts are generally familiar with the maximin and minimax criteria used in the selection of alternative courses of action when payoffs depend on different states of nature. This paper applies these criteria to the collaborative negotiation problem in which two parties negotiate the...
Strategic Diffusion of Information and Preference Manipulation
Debora Di Caprio, Francisco J. Santos-Arteaga.
This paper bridges the existing gap between the empirical consumer choice literature and the theoretical structures built to account for information manipulation between a sender and a decision maker. The authors define a theoretical structure that allows for the analysis of preference manipulation in...