Showing 1 - 10 of 21
The concept of efficiency as it applies to Decision Making Units (DMUs), solutions, alternatives plays an important role both in Data Envelopment Analysis (DEA) and Multiple Objective Linear Programming (MOLP). Despite this and other apparent similarities, DEA and MOLP research has developed...
Persistent link: https://www.econbiz.de/10009197422
An interactive method employing pairwise comparisons of attainable solutions is developed for solving the discrete, deterministic multiple criteria problem assuming a single decision maker who has an implicit quasi-concave increasing utility (or value) function. The method chooses an arbitrary...
Persistent link: https://www.econbiz.de/10009203766
We develop a procedure and the requisite theory for incorporating preference information in a novel way in the efficiency analysis of Decision Making Units. The efficiency of Decision Making Units is defined in the spirit of Data Envelopment Analysis (DEA), complemented with Decision Maker's...
Persistent link: https://www.econbiz.de/10009218228
The impact of a decision maker's risk aversion on the choice of an optimal sampling plan is empirically examined for various batch sizes and prior distributions of the process quality level. These plans are compared to those of the classical linear cost model. The comparisons show that...
Persistent link: https://www.econbiz.de/10009191217
Information processing and choice behavior of research and development (R&D) managers and MBA students were investigated through play of a simple R&D decision game under conditions of technical uncertainty. The experimental design permitted a detailed micro-analysis of the players' behavior. The...
Persistent link: https://www.econbiz.de/10009197401
Bowman [Bowman, E. H. 1963. Consistency and optimality in Managerial decision making. Management Sci. 9 (2) 310-322.] and others have proposed that regression models derived from a manager's past behavior can serve as a basis for future managerial decisions. This paper is concerned with a...
Persistent link: https://www.econbiz.de/10009197534
The Bayesian algorithm presented in this paper provides a generalized procedure for determining the minimum cost sample size (n*) and acceptance number (c*) for single sample attribute acceptance plans. The algorithm is applicable to a broad range of acceptance sampling problems, assuming only...
Persistent link: https://www.econbiz.de/10009197576
Hypertension is one of the most important risk factors with respect to coronary heart disease and stroke. The benefits of early detection of hypertension and the subsequent design of follow-up treatment programs are well documented. Consequently, screening programs have been designed to identify...
Persistent link: https://www.econbiz.de/10009204451
A double screening procedure (DSP), which controls for individual unit misclassification error (IME) as well as average outgoing quality (AOQ), for quality control applications is developed. Screening involves selecting items whose performance is within specifications based on observing one or...
Persistent link: https://www.econbiz.de/10009204507
Traditional statistical process control charts assume that observations are independent and normally distributed about some mean. We investigate the robustness of traditional charts to data correlation when the correlation can be described by an ARMA(1,1) model. We compare the performance of the...
Persistent link: https://www.econbiz.de/10009204582