Showing 1 - 10 of 127
We propose a behavioral theory to predict actual ordering behavior in multi-location inventory systems. The theory rests on a well-known stylized fact of human behavior: People's preferences are reference-dependent. We incorporate reference-dependence into the newsvendor framework by assuming...
Persistent link: https://www.econbiz.de/10014207146
. We also find that the degree of confidence manufacturers have in their imitating behavior affects the intensity of that … behavior, where an organization's confidence is determined by the variance of the routines used by its reference group and the …
Persistent link: https://www.econbiz.de/10009214777
This study investigated the effects of two group decision making techniques on a set of four problems in groups of sizes 3, 7, and 11. Participants included 192 male and 132 female undergraduates. Estimates that could be evaluated for accuracy for each of the problems were collected for a series...
Persistent link: https://www.econbiz.de/10009218403
of high venture failure rates: More confident actors are moved to start ventures, and then act on such confidence when …-making literature, we describe how founders' socially constructed confidence affects the manner in which they interpret information …, use, and attain resources. In our model, founders with greater socially constructed confidence tend to deprive their …
Persistent link: https://www.econbiz.de/10009208430
This paper calculates the minimum required frequency between audits of a given type to meet prespecified accuracy goals for a given type of account. Both "100 percent," as well as sampling type audits are addressed. The effectiveness of a given audit type includes the mean and standard deviation...
Persistent link: https://www.econbiz.de/10009198264
Online reputation -"feedback"- mechanism aim to mitigate the moral hazard problem associated with spatially distant exchange among strangers by providing traders with the type of information available in small groups, where members are frequently involved in another's dealings. We compare...
Persistent link: https://www.econbiz.de/10005867033
global warming policies. Because there are typically profound uncertainties in these models, a simulation approach is often …
Persistent link: https://www.econbiz.de/10010990516
portfolios of credit-sensitive assets such as loans and corporate bonds. Monte Carlo simulation is an important tool for … performing computations in these models. This paper develops, analyzes, and evaluates two simulation algorithms for intensity … Zeevi, stochastic models and simulation.</i> …
Persistent link: https://www.econbiz.de/10010990537
Sequential sampling problems arise in stochastic simulation and many other applications. Sampling is used to infer the …, as is common in the literature. <i>This paper was accepted by Assaf Zeevi, stochastic models and simulation.</i> …
Persistent link: https://www.econbiz.de/10010990579
simulation experiment. We also show how different definitions of the sample space yield different variants of the LR method, some …
Persistent link: https://www.econbiz.de/10009209050