Sequential Decision-Making and Asymmetric Equilibria: An Application to Takeovers

Sequential Decision-making and Asymmetric Equilibria: An Application to Takeovers

With indivisible shareholdings and simultaneous shareholder decisionmaking, the existing takeover literature provides a reasonable pro…t only in asymmetric equilibria. We allow the raider to approach shareholders sequentially and thereby …nd a unique equilibrium that produces the same outcome. J.E.L. classi…cation: L10, G34, H41.

An AHP-Delphi Multi-Criteria Decision Making Model with Application to Environmental Decision-Making

Application of Fuzzy Decision-Making to Facility Layout Planning

This research proposes a vigorous methodology based on the fuzzy set theory to improve the facility layout process. Using natural language, the fuzzy set theory is an appropriate tool for controlling complex systems such as facility planning. The closeness rating between departments in a plant depends on qualitative and quantitative factors. Some of these factors may have a greater effect on th...

Application of Fuzzy Decision-Making to Facility Layout Planning

This research proposes a vigorous methodology based on the fuzzy set theory to improve the facility layout process. Using natural language, the fuzzy set theory is an appropriate tool for controlling complex systems such as facility planning. The closeness rating between departments in a plant depends on qualitative and quantitative factors. Some of these factors may have a greater effect on th...

Convergence in a sequential two stages decision making process

We analyze a sequential decision making process, in which at each stepthe decision is made in two stages. In the rst stage a partially optimalaction is chosen, which allows the decision maker to learn how to improveit under the new environment. We show how inertia (cost of changing)may lead the process to converge to a routine where no further changesare made. We illustrate our scheme with some...