The wide range of products and services that are being sourced today has made the company’s procurement organization an increasingly important function. The complexities of managing sourcing options is greater than ever making the procurement function critical for overcoming an increasingly global, complex and uncertain sourcing environment. This paper discusses an overview of relevant sourcing...

The primary aim of this study was to examine the contributions of individual characteristics and strategic processing to the prediction of decision quality. Data were provided by 176 adults, ages 18 to 93 years, who completed computerized decision-making vignettes and a battery of demographic and cognitive measures. We examined the relations among age, domain-specific experience, working memory...

Decision analysis has traditionally been applied to choices under uncertainty involving a single decision maker. Game theory has been applied to solving games of strategic interaction between two or more players. Building upon recent work of van Binsbergen and Marx (2007. Exploring relations between decision analysis and game theory. Decision Anal. 4(1) 32–40.), this paper defines a modified de...

A wide variety of factors influence the quality of strategic decisions. This research considers one such influence, the Strategic Decision Making process. It explores whether previous theoretical propositions hold in quite different organisations in a very different business environment, namely a University in England. The research examines how a strategic problem was addressed. Interviews with...

Decision support systems are generally geared to short-term tactical decision makkrg. As an alternative, this paper develops a mathematical progrming model to evaluate long-term strategic alternatives in the context of farm-level agricultural production where a broiler farm considers long-term implications of diversification into commercial aquiculture. The model considers a ten-year strategic ...

A game is a model of interaction between 2 or more players (decision makers). The model includes the constraints on actions that players can take and the players’ interests, but does not specify the actions that the players do take. We start by defining strategic games in which each decision-maker chooses his plan of action once and for all (the game is played once), and these choices are made ...

This article investigates the strategic decision to adopt enterprise mobility solutions. Integrating firmlevel theories from the strategic management, information technology adoption, and business transformation literature, we develop a framework that conceptualizes this decision. We identify four salient areas that drive adoptions and reduce overall implementation risk: (1) justified business ...

The traditional representations of games using the extensive form or the strategic (normal) form obscure much of the structure that is present in real-world games. In this paper, we propose a new representation language for general multi-player noncooperative games multi-agent influence diagrams (MAIDs). This representation extends graphical models for probability distributions to a multi-agent...