The bid/no bid decision requires an understanding of a company's assessment in relation to factors affecting the decision. Different companies might have different assessment values. The aim is to investigate how bid/no bid decisions are influenced by different characteristics of contractors....

Moore & Shannon's theorem is the cornerstone in reliability theory, but cannot be applied to human systems in its original form. A generalization to human systems would therefore be of considerable interest because the choice of organization structure can remedy reliability problems that...

The starting point of this paper asserts that managers who elicit and select projects have a moral responsibility. Correspondingly, its purpose is to provide a means for project selectors to appreciate this responsibility so that it can be put into practice. A model of the moral responsibility...

This paper analyses principal-agent contracts when the agent`s action generates information not directly verifiable but used by the agent to make a risky decision. It considers a more general formulation than those studied previously, focusing on the impact on the decision made and the contract...

Innovation success depends heavily on firm's ability to set priorities and select the most promising options from its project portfolio before the odds of success or failure become visible and reliable. We ask: What does previous innovation experience tell firms about what not to do in the...

La metodología empleada por las organizaciones empresariales para distribuir su presupuesto y seleccionar qué proyectos, entre todos los posibles candidatos, deben ser ejecutados para cubrir sus necesidades ha evolucionado mucho desde que dichas organizaciones empezaron a apoyar sus decisiones...