Dual or unitary system? Two alternative models of decision making.

Determination of right/left return to scale in two-stage processes based on dual simplex

As a non-parametric method of relative efficient measurement of a group of decision-making units (〖DMU〗_s), Data Envelopment Analysis (DEA) is one of the most important tools in efficiency computation. One of the main concerns dealt with in DEA is dealing with return to scale in two-stage processes in which, produced outputs of the first stage inputs are used as inputs for the second stage. The...

Futurology of Multi-Criteria Decision Making Techniques Using Philosophical Assumptions of Paradigms in Scenario Writing

There are many opportunities and threats in the decision-making environment for managers, and an organization must use research and information systems to change, monitor, and anticipate this environment. Futurism reflects how tomorrow reality gives birth to tomorrow's reality is. The purpose of this research; Analyzing the role of futures studies in the existing patterns of critical factors of...

A Dynamic Dual-Process Model of Decision-making Under Uncertainty

Current dynamic models of decision-making assume that a unitary system is responsible for forming preferences. However, extensive research has shown that decision-making and behavior result from the interaction of two separate systems of reasoning one that is fast, automatic, and experiential and one that is slow, deliberative and rational. This paper develops the first dynamic dual-process mod...

“ The role of cognitive control and emotions in decision - making : a neuroeconomics perspective ”

One of the problems with treating cognitive control in economic decision-making is that there is a resilient idea that control makes behavior rational and that emotions make it irrational. The relatively dualistic or unitary nature of decision processes is critically compared from a neuroeconomics perspective in different well known behavioral settings, such as loss aversion, temporal discounti...

A hybrid decision making system using DEA and fuzzy models for supplier selection in the presence of multiple decision makers