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With the Triple Bottom Line (TBL) of Sustainability, total water managementefforts must analyze alternatives to address the potentially conflicting goals of economics(financial), environmental, and social issues. Goal programming is a technique whichuses optimization methods to provide a means...
Persistent link: https://www.econbiz.de/10009458914
Research has repeatedly shown that when groups whose members have varying expertise are combined to make a decision, they tend to discuss common information at a higher rate than unique information, hindering their ability to make the best decision. In response to these findings and the fact...
Persistent link: https://www.econbiz.de/10009474987
Most of the system dynamics studies that evaluate decision making in complex dynamic task focus on the evaluation of performance over repeated trials and on the effectiveness of different instructional strategies as far as performance is concerned. Especially when a strategy seems to yield...
Persistent link: https://www.econbiz.de/10009458719
rational description of the uncertainty inherent in both domains, the analysis of their interaction. Little research to date …
Persistent link: https://www.econbiz.de/10009437596
There is increasing agreement that understanding complexity is important for project management because of difficulties associated with decision-making and goal attainment which appear to stem from complexity. However the current operational definitions of complex projects, based upon size and...
Persistent link: https://www.econbiz.de/10009437938
Statistical Activity Cost Theory (SACT) is an axiomatic and statistical theory of basic accounting measurement practice. The aim of the SACT analysis, among others, is to determine the statistical nature of both the physical production system of an accounting entity and its related costs, which...
Persistent link: https://www.econbiz.de/10009437995
This article presents a survey of authorisation models and considers their ‘fitness-for-purpose’ in facilitating information sharing. Network-supported information sharing is an important technical capability that underpins collaboration in support of dynamic and unpredictable activities...
Persistent link: https://www.econbiz.de/10009438192
Generally speaking, psychologists have suggested three traditional views of how people cope with uncertainty. They are … uncertainty, such as the recent global financial crisis, these coping methods often result in innovation in industry. Richards … analysis, reveals that coping with uncertainty manifests itself in ways that have resulted in innovations in design, marketing …
Persistent link: https://www.econbiz.de/10009438245
two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing … data, support was found for the Bounded Rationality hypothesis; firms have less uncertainty about an acquisition … hypothesis; firms whose prior machines perform below aspiration levels seek more uncertainty in their subsequent acquisitions …
Persistent link: https://www.econbiz.de/10009438770
There are many situations in which individuals have a choice of whether or not to observe the eventual outcome. In these instances, individuals often prefer to avoid observing the outcome. The standard von Neumann-Morgenstern (vNM) Expected Utility model cannot accommodate these cases, since it...
Persistent link: https://www.econbiz.de/10009439041