The aim of this study consists of proposing a sequential and hierarchical decision-making process of tourists divided into four stages: 1) going on holiday (or not); 2) choosing a national of international trip; 3) choosing a specific geographical area; and 4) choosing a type of trip...

This paper describes a simulation model of community home composting behaviour based on distributions of individual households, each actively managing the organic fraction of their own domestic waste. The model predicts overall participation levels and the individual and collective flows and...

The paper reports the outcome of research to demonstrate the proof of concept for simulating individual, collective and interactive household waste management behaviours to provide a tool for efficient integrated waste management planning. The developed model simulates whole communities as...

Cash flow management is a significant issue in the management of a building or construction firm. This paper steps back from the well researched area of poor cash management and its relationship with failure, to focus on the funds which are generated through operations, and the positive benefits...

Decision making about portfolio selection problem under uncertainty is very important and critical, so it is rational and necessary to use ideas of a DM who is proficient in stochastic problems. For example, the Goal Attainment Programming (GAP) is one of the methods in priori category that...

A recent literature has analysed the Central Bank's credibility nature and determinants. In general, a Central Bank with higher credibility can implement a more efficient monetary policy, which is expressed through lower social costs in terms of volatility of relevant variables, such as output...

The article considers main principles of building up an information system of support of making decisions on the process of exploring and development of petroleum and natural gas deposits. It offers a system that is based on an inter-disciplinary analysis of data and operative assessment of new...

Purpose – This paper aims to reflect on the sources of the technical inefficiency of health care foodservice operations, using a sample of Australian and American hospitals. Design/methodology/approach – The paper applies the stochastic frontier model to reflect on the technical inefficiency...

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...

Purpose – The purpose of this paper is to deal with the application of the stochastic inventory model to the three‐tier supply chain and verify the values obtained by mathematical model in physical simulation. Design/methodology/approach – The paper investigates three‐stage serial supply...