We consider in the present paper an original approach to a decision making problem related to the management of a primary resource, namely the rubber tree. By using the social choice theory through approval voting, we show that it is possible to improve the return of the crop. Hence, by...

We propose a market-for-offenses model of property crime, which explicitly accounts for protection expenditures among heterogeneous individuals. The crime equilibrium is modeled as a free-access equilibrium in which the match between criminals and victims equates the average returns to crime. We...

In this paper, we report on a computational experiment designed to assess the efficacy of 26 heuristic decision rules which group work tasks into work stations along an assembly line such that the number of work stations required is minimized. The heuristic decision rules investigated vary from...

Two heuristic assembly line balancing procedures (the precedence matrix, enumeration method of Hoffman [Hoffman, Thomas R. 1963. Assembly line balancing with a precedence matrix. Management Sci. 9 (4, July).] and the biased sampling procedure of Arcus [Arcus, Alpert L. 1966. COMSOAL: A computer...

Voting rules are known to exhibit various paradoxical or problematic behaviors, typically in the form of their failure to meet the Condorcet criterion or in their vulnerability to strategic voting. Our basic premise is that a decrease in the number of coalitions of voters that exist with similar...

Information overload usually refers to a situation in which a decision-maker's performance is harmed by too much input information. Experiments have shown that better decisions can occur when selected information is withheld from the decision-maker. This paper suggests that the notion of...