This paper presents a forecast tracker that can help bridge the wide gap between formal econometric forecasting methods and the common practice of judgmental forecasting. Traditionally, out-of-sample forecast errors have been widely used to improve the accuracy of econometric models, but track...

The development of a third world country requires a conscious balance between different planning and policy issues, such as population growth rate, gross national income, self reliance and long-term sustainable ecological development. This paper reports on a cross-disciplinary project to design...

This paper presents NexClass, a Decision Support System (DSS) which supports classification of alternatives into predefined non-ordered categories according to their performance on evaluation criteria and implements a novel classification algorithm based on multicriteria analysis and outranking...

Business Intelligence (BI) systems have penetrated the Romanian market, providing a real decision support by integrating and synthesizing a large variety of information available in real time, anywhere in the world, including through mobile terminals. This study examines the BI solutions...

Project overheads estimation by applying a selected rate as a percentage of direct cost is used widely in bidding in construction, but the rate is prone to inaccuracy if it is selected subjectively. An improved approach is developed, a decision support system (DSS) based on a construction firm's...

In the current economic context, decision making requires complex and multiple actions on the part of the policy makers, who are more challenged than in previous situations, due to the crisis that we are facing. Decision problems cannot be solved by focusing on manager’s own experience or...

In this case the Dutch Flower Auctions (DFA) are discussed. The DFA are part of the supply network in which flowers are produced, stocked, and then sold through either mediation or auctioning. This case focuses on the buyers’ and auctioneers’ positions when flowers are traded...

The paper presents a methodology and Decision Support System (DSS) for the establishment of spare parts criticality with a focus on industrial unplanned maintenance needs. The obtained criticality is used to rationalise the efficiency of the plant spare parts inventory. Through a top-down...

In this paper, we consider heuristic approaches for the determination of delivery quantities in a Supply Chain (SC). The problem under consideration is important for the design of delivery quantity negotiations between manufacturers and suppliers. We describe a Mixed Integer Programming (MIP)...

This paper describes a water accounting system (WAS) that has been developed as an innovative new tool for strategic long-term water management. The WAS incorporates both disaggregated water use and availability, provides a comprehensive and consistent historical database, and can integrate...