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Service Parts Inventory Control with Lateral Transshipment that takes Time
Yang, Guangyuan; Dekker, Rommert - Tinbergen Instituut - 2010
In equipment-intensive industries such as truck manufacturing, electronics manufacturing, photo copiers,and airliners, service parts are often slow moving items for which, in some cases, the transshipment timeis not negligible. However, this aspect is hardly considered in the existing spare...
Persistent link: https://www.econbiz.de/10011257299
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Divergent Priors and well Behaved Bayes Factors
Strachan, Rodney W.; Dijk, Herman K. van - Tinbergen Instituut - 2011
Divergent priors are improper when defined on unbounded supports. Bartlett's paradox has been taken to imply that using improper priors results in ill-defined Bayes factors, preventing model comparison by posterior probabilities. However many improper priors have attractive properties that...
Persistent link: https://www.econbiz.de/10011255610
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The Effect of Noise in a Performance Measure on Work Motivation
Sloof, Randolph; Praag, C. Mirjam van - Tinbergen Instituut - 2008
This paper reports the results of an individual real effort laboratory experiment where subjects are paid for measured performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small with a volatile environment where the noise is...
Persistent link: https://www.econbiz.de/10011255986
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The Degradation of Distorted Performance Measures
Sloof, Randolph; Praag, Mirjam van - Tinbergen Instituut - 2008
noise and distortion of a performance measure can be measured. Courty and Marschke (2007) have recently developed an elegant … empirical test to detect distortion, based on the degradation of a performance measure subsequent to increasing its weight in … that are based on ‘Residual Income’ (RI), such as ‘Economic Value Added’ (EVA). Residual income is widely used to measure …
Persistent link: https://www.econbiz.de/10011256322
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The Benefits of Being Economics Professor A (and not Z)
Praag, C. Mirjam van; Praag, Bernard M.S. van - Tinbergen Instituut - 2007
Alphabetic name ordering on multi-authored academic papers_new, which is the convention in theeconomics discipline and various other disciplines, is to the advantage of people whose lastname initials are placed early in the alphabet. As it turns out, Professor A, who has been afirst author more...
Persistent link: https://www.econbiz.de/10011256691
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The Effects of Prize Spread and Noise in Elimination Tournaments: A Natural Field Experiment
Delfgaauw, Josse; Dur, Robert; Non, Arjan; Verbeke, Willem - Tinbergen Instituut - 2011
We conduct a field experiment in a large retail chain to test basic predictions of tournament theory regarding prize spread and noise. A random subset of the 208 stores participates in two-stage elimination tournaments. Tournaments differ in the distribution of prize money across winners of the...
Persistent link: https://www.econbiz.de/10011256723
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Explaining Hedge Fund Investment Styles by Loss Aversion
Siegmann, Arjen; Lucas, André - Tinbergen Instituut - 2002
Recent research reveals that hedge fund returns exhibit a range of different,possibly non-linear pay-off patterns. It is difficult to qualify all these patternssimultaneously as being rational in a traditional framework for optimal financial decisionmaking. In this paper we present a simple...
Persistent link: https://www.econbiz.de/10011257172
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Testing for Distortions in Performance Measures: An Application to Residual Income Based Measures like Economic Value Added
Sloof, Randolph; Praag, Mirjam van - Tinbergen Instituut - 2014
and the self-selection of firms using EVA. Our findings indicate that EVA is a distorted performance measure that elicits …
Persistent link: https://www.econbiz.de/10011257274
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The Effects of Performance Measurement and Compensation on Motivation
Herpen, Marco van; Praag, C. Mirjam van; Cools, Kees - Tinbergen Instituut - 2003
predict that the design and implementation of a performance measurement and compensation system affect the motivation of …
Persistent link: https://www.econbiz.de/10011257406
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Performance Measurement, Expectancy and Agency Theory: An Experimental Study
Sloof, Randolph; Praag, Mirjam van - Tinbergen Instituut - 2007
noise in the performance measure. In contrast, expectancy theory as developed by psychologists predicts lower effort levels …
Persistent link: https://www.econbiz.de/10011257441