Purpose – The purpose of this paper is to test the hypothesis that investment decision making in the UK direct property market does not conform to the assumption of economic rationality underpinning portfolio theory. Design/methodology/approach – The developing behavioural real estate...

Purpose – The aim of this paper is to call the attention of public entities for the econometric frontier models which allows benchmarking the tax offices accurately. In the context of the European Maastricht, the European countries face public receipts shortage and to focus in the management...

Most previous studies dealing with business site selection decisions have been theoretical and mainly concerned with cost factors. There are many variables other than cost, some of which are qualitative and intangible in nature. This study attempts to provide empirical evidence on the importance...

Model management systems (MMS) empower decision makers throughout the problem‐solving phases by providing operations research and management science (OR/MS) models as well as the knowledge to build or use such models. Managerial problem solving typically involves a wide range of modeling...

Forecasting inflation is a major concern for economists and businessmen. Most researchers have relied upon statistical techniques with their stringent data assumptions and low accuracy rates to predict changes in inflation, but only a few have investigated how neural networks can improve...

The major reason for the success of Japanese decision making is the understanding, acceptance and support of techniques by managers and employees, the various stages of the decision‐making process being utilised, alongside the unofficial politics, in direction, subtlety and patience which are...

The appropriate use of decision strategies can be of marked benefit to effective decision making. The challenge of decision making under uncertain conditions and the absolute necessity of decision aids for the practising manager at nearly any level of the organisation are examined. Specific...

Information plays a crucial role in planning and decision making in organisations. Information‐rich managers build up information networks actively and demonstrate an open‐minded willingness to expose themselves to, and trade, information with others. They harness ideas and knowledge to...

Purpose – This paper aims to develop a multi‐criteria approach for determining business models in bottom‐of‐the‐pyramid (BOP) markets. Design/methodology/approach – Analytic network process (ANP) was employed to construct a decision‐making model of quantitative and qualitative...