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...

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...

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...