Short abstract Past experimental studies of decision-making in the context of the Newsvendor problem unanimously find that the decision-makers tend to make suboptimal decisions and, unless special measures are taken to induce “in-task” learning, fail to improve quality of their decisions over time. However, most of these past studies dealt with individual decision-makers. In the present study w...

decision making about outsourcing or insourcing of manufacturing activities is a type of multiple criteria decision making (mcdm) problem, which requires considering quantitative and qualitative factors as evaluation criteria simultaneously. therefore, a suitable mcdm method can be useful in this area as it can consider the interactions among quantitative and qualitative criteria. the analytic ...

The decision of information technology (IT) outsourcing requires close attention to the evaluation of supplier selection process because the selection decision involves conflicting multiple criteria and is replete with complex decision making problems. Selecting the most appropriate suppliers is considered an important strategic decision that may impact the performance of outsourcing engagement...

Conventional maintenance strategies on a single component are being phased out in favour of more predictive maintenance actions. These new kinds of actions are performed in order to control the global performances of the whole industrial system. They are anticipative in nature, which allows a maintenance expert to consider non-already-planned maintenance actions. Two questions naturally emerge:...

Data Envelopment Analysis (DEA) is a methodology that computes efficiency values for decision making units (DMU) in a given period by comparing the outputs with the inputs. In many cases, there are some time lag between the consumption of inputs and the production of outputs. For a long-term research project, it is hard to avoid the production lead time phenomenon. This time lag effect should b...

evaluating and selecting alternatives investment projects needs considering all relevant and important aspects. in traditional methods, the focus is just on tangible monetary criteria. also in the traditional methods, either all the information’s about factors must be known precisely or sufficient objective data must be available for applying probability theory. in this paper, a combinative app...

A synthesis of findings from neuroscience, psychology, and behavioral biology has been recently used to show that several key features of cognition in neuron-based brains of vertebrates are also present in bee-based swarms of honey bees. Here, simulation tests are administered to the honey bee swarm cognition system to study its decision-making performance. First, tests are used to evaluate the...

Theory and research on small group performance and decision making is reviewed. Recent trends in group performance research have found that process gains as well as losses are possible, and both are frequently explained by situational and procedural contexts that differentially affect motivation and resource coordination. Research has continued on classic topics (e.g., brainstorming, group goal...

Traditional data envelopment analysis (DEA) models deal with measurement of relative efficiency of decision making units (DMUs) in which multiple-inputs are consumed to produce multiple-outputs. One of the drawbacks of these models is neglecting internal processes of each system, which may have intermediate products and/or independent inputs and/or outputs. In this paper, some methods which are...