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Research has suggested that outcome feedback is less effective than other forms of feedback in promoting learning by users of decision support systems. However, if circumstances can be identified where the effectiveness of outcome feedback can be improved, this offers considerable advantages,...
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Empirical research suggests that quantitatively derived forecasts are very frequently judgementally adjusted. Nevertheless, little work has been conducted to evaluate the performance of these judgemental adjustments in a practical demand/sales context. In addition, the relevant analysis does not...
Persistent link: https://www.econbiz.de/10009428530
A survey of 124 users of externally produced financial and economic forecasts in Turkey investigated their expectations and perceptions of forecast quality and their reasons for judgmentally adjusting forecasts. Expectations and quality perceptions mainly related to the timeliness of forecasts,...
Persistent link: https://www.econbiz.de/10009428547
In this paper, we engage with O'Brien's [O'Brien, F.A., 2004. Scenario planning - lessons for practice from teaching and learning. European Journal of Operational Research 152, 709-722] identification of both pitfalls in teaching scenario planning and proposed remedies for these. We consider...
Persistent link: https://www.econbiz.de/10009428549
Demand forecasting is a crucial aspect of the planning process in supply-chain companies. The most common approach to forecasting demand in these companies involves the use of a computerized forecasting system to produce initial forecasts and the subsequent judgmental adjustment of these...
Persistent link: https://www.econbiz.de/10009428621
Purpose - Hard decision analysis models allow complex decisions to be broken down into easier-to-handle and precisely defined sub-problems and also provide a documented rationale for the decision. This paper aims to investigate why the course of action prescribed by a hard decision analysis...
Persistent link: https://www.econbiz.de/10009428722
Restrictiveness and guidance have been proposed as methods for improving the performance of users of support systems. In many companies computerized support systems are used in demand forecasting enabling interventions based on management judgment to be applied to statistical forecasts. However,...
Persistent link: https://www.econbiz.de/10009428723
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