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Motivated by a problem faced by a large manufacturer of a consumer product, we explore the interaction between production planning and capacity acquisition decisions in environments with demand growth. We study a firm producing multiple items in a multiperiod environment where demand for items...
Persistent link: https://www.econbiz.de/10009208838
The editing-and-imputation problem concerns the question of finding errors in a record which does not satisfy a set of consistency rules. Once some potential errors have been localizated, it is also necessary to impute new values to the associated fields. The output dataset should consist of...
Persistent link: https://www.econbiz.de/10010847590
Persistent link: https://www.econbiz.de/10010881105
The editing-and-imputation problem concerns the question of finding errors in a record which does not satisfy a set of consistency rules. Once some potential errors have been localizated, it is also necessary to impute new values to the associated fields. The output dataset should consist of...
Persistent link: https://www.econbiz.de/10010999636
Heuristische Verfahren dienen zur näherungsweisen Lösung von komplexen Entscheidungs- und Optimierungsproblemen bzw. zugehörigen Optimierungsmodellen. Eröffnungsverfahren konstruieren eine (erste) zulässige Lösung, während Verbesserungsverfahren durch sukzessive Lösungstransformation zu...
Persistent link: https://www.econbiz.de/10005786033
Persistent link: https://www.econbiz.de/10005718940
– neoclassical, Austrian and behavioral. We employ theory appraisal criteria made available in Fritz Machlup’s (1967) celebrated … theory characterizes the entrepreneur’s decision making process by contrast with the posited behavior of other economic … agents. Austrian theory is suited to explaining novel, adventurous behavior at the discovery stage. The algorithm for …
Persistent link: https://www.econbiz.de/10005810917
When making judgments, individuals often utilize heuristics to interpret information. We report on a series of …
Persistent link: https://www.econbiz.de/10005822173
has emphasized the dysfunctional aspects of judgmental heuristics, and yet, other findings suggest that these can be … methodology developed to specify the effectiveness of heuristics in different environments and allows direct comparisons between … tasks. Our results highlight the trade-off between linear models and heuristics. Whereas the former are cognitively …
Persistent link: https://www.econbiz.de/10005772356
its formulation from previous research on Maximum Coverage Models and incorporates results from Queuing Theory, in …
Persistent link: https://www.econbiz.de/10005772532