Management theories and strategic practices for decision making:
Gespeichert in:
| Beteilige Person: | |
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| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Hershey, PA
Business Science Reference
2013
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| Schriftenreihe: | Premier reference source
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| Links: | http://www.gbv.de/dms/zbw/718257723.pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025709324&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Beschreibung: | Enth. 20 Beitr. Index S. 435 - 438 Literaturverz. S. 386 - 424 |
| Umfang: | XXX, 438 S. Ill., graph. Darst. 29 cm |
| ISBN: | 9781466624733 9781466624757 |
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| 500 | |a Index S. 435 - 438 | ||
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Datensatz im Suchindex
| _version_ | 1819276861380755456 |
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| adam_text | Titel: Management theories and strategic practices for decision making
Autor: Tavana, Madjid
Jahr: 2013
Detailed Table of Contents
Preface................................................................................................................................................xvii
Section 1
Strategic Decision Support Systems and Data Management
Chapter 1
A Decision Support Architecture for Maritime Operations Exploiting Multiple METOC Centres and
Uncertainty..............................................................................................................................................1
Raffaele Grasso, NATO Undersea Research Centre, Italy
Marco Cococcioni, NATO Undersea Research Centre, Italy
Michel Rixen, NATO Undersea Research Centre, Italy
Alberto Baldacci, NSIGHTSAS, Italy
Maritime operations are affected significantly by meteorological and oceanographic (METOC) condi-
tions. The availability of multiple METOC centres able to deliver more accurate forecasts in the near
future (2/3 days) is a promising resource toward better operational planning. However, how a specific
maritime operation can benefit from such forecasts is not straightforward. A decision support architecture
is required to combine METOC forecasts and human knowledge and select the best action from a set
of pre-defined actions for the maritime operation. This paper describes a decision support architecture
developed at the NATO Undersea Research Centre that is an improvement over a previous version in
two ways: (1) it exploits forecasts coming from more than one METOC centre, and (2) it exploits un-
certainty associated with METOC forecasts. The former allows for the exploitation of different abilities
of METOC centres at different conditions. The latter allows for the propagation of input uncertainty
on output products (the risks related to each action), thus allowing operators to assess if risks related to
different actions are statistically different. Both features increase the robustness of the previous decision
support architecture. The effectiveness of the new architecture is demonstrated on an underwater glider
surfacing experiment carried out on data collected during a cruise in the Adriatic Sea in 2006.
Chapter 2
Searching for Pareto-Optimal Settlements in Negotiations: The Extreme Payoffs Method.................24
Joao S. Neves, The College of New Jersey, USA
Behnam Nakhai, Millersville University of Pennsylvania, USA
Decision-making analysts are generally familiar with the maximin and minimax criteria used in the
selection of alternative courses of action when payoffs depend on different states of nature. This paper
applies these criteria to the collaborative negotiation problem in which two parties negotiate the resolu-
tion of several issues each with defined payoffs, and where the alternative choices for each party are
qualitative attributes or non-differentiable variables. The proposed method assumes that the negotiators
do not know each other s payoffs and are generally unwilling to disclose information about their prefer-
ences. The search procedure for Pareto-optimal settlements and the role of the mediator in assisting the
parties to achieve an improved negotiated agreement are analyzed and illustrated through an example.
Chapter 3
Strategic Diffusion of Information and Preference Manipulation .......................................................40
Debora Di Caprio, York University, Canada
Francisco J. Santos-Arteaga, Universidad Complutense de Madrid, Spain
This paper bridges the existing gap between the empirical consumer choice literature and the theoretical
structures built to account for information manipulation between a sender and a decision maker. The
authors define a theoretical structure that allows for the analysis of preference manipulation in multiat-
tribute environments via information multifunctions when the information transmitted is verifiable. A
series of examples are provided that illustrate numerically the behaviour and validity of this theoreti-
cal structure. A concrete application of this theoretical framework is the possibility for an information
sender to induce any predetermined preference relation on a decision maker, and, in particular, how
lexicographic preferences can be induced starting from non-lexicographic additive ones.
Chapter 4
Determination of the Number of Clusters in a Data Set: A Stopping Rule x Clustering Algorithm
Comparison...........................................................................................................................................59
Derricks. Boone, Sr., Wake Forest University - Schools of Business, USA
The accuracy of stopping rules for determining the number of clusters in a data set is examined as a
function of the underlying clustering algorithm being used. Using a Monte Carlo study, various stopping
rules, used in conjunction with six clustering algorithms, are compared to determine which rule/algo-
rithm combinations best recover the true number of clusters. The rules and algorithms are tested using
disparately sized, artificially generated data sets that contained multiple numbers and levels of clusters,
variables, noise, outliers, and elongated and unequally sized clusters. The results indicate that stopping
rule accuracy depends on the underlying clustering algorithm being used. The cubic clustering criterion
(CCC), when used in conjunction with mixture models or Ward s method, recovers the true number of
clusters more accurately than other rules and algorithms. However, the CCC was more likely than other
stopping rules to report more clusters than are actually present. Implications are discussed.
Chapter 5
The Application of Data Mining to Evaluate the Cost-Effectiveness of Alternative Treatment
Modalities in a National Medicare Database.......................................................................................74
Phoebe D. Sharkey, Loyola University Maryland, USA
Wesley Hsu, Wake Forest Baptist Medical Center, USA
Sachin Batra, Johns Hopkins Hospital, USA
Daniele Rigamonti, Johns Hopkins Hospital, USA
This paper reports on a case study applying data mining techniques to large Medicare claims databases
to discover insights related to the comparative cost effectiveness of two alternative treatment modali-
ties for treating brain tumors in the elderly. The authors evaluate the cost effectiveness of open surgery,
radiosurgery, or a combination of the two. The study applies data mining algorithms including data
preparation, classification, association, and predictive modeling techniques to reveal insights into the
costs of alternative health care practice patterns. The results suggest radiosurgery appears to be less
costly compared to surgical resection in the Medicare-eligible population. The authors also identified
the fact that African Americans comprised a smaller percentage of patients receiving radiosurgery. The
study demonstrates that data mining methods can be applied to large complex Medicare claims files
to identify and extract undiscovered knowledge to guide medical decision making and public policy.
Section 2
Applied Strategic Decision Support Systems
Chapter 6
Third Party Logistics: Key Success Factors and Growth Strategies.....................................................90
Omprakash K. Gupta, University of Houston-Downtown, USA
S. SamarAli, Fortune Institute of International Business, India
Rameshwar Dubey, Asian Council of Logistics Management, India
Third party logistics (3PL) has been gaining importance in most places in the world. In India the imple-
mentation of 3PL practices has made its beginning and it is emerging as one of the fastest growing sectors.
It is still a relatively new concept and not well understood among industry or academic professionals
in India. This paper examines the Indian 3PL Supply Chain Management and practices with respect to
the key success factors and growth strategies. After identifying the critical success factors SERVQUAL
is applied to reveal the gap between their achievement and expectation. Respondents to the survey are
categorized based on their rating of the key growth strategies on the basis of AHP.
Chapter 7
Maintenance Strategy Evaluation Using ANP and Goal Programming.............................................117
Sarojini Jajimoggala, GITAM University, India
V. V. S. Kesava Rao, Andhra University, India
Beela Satyanarayana, Andhra University, India
An optimal maintenance strategy mix is necessary for increasing availability and reliability levels of
production facilities without significantly increasing operational costs. The selection of maintenance
strategies is a typical Multiple Criteria Decision-Making (MCDM) problem with conflicting goals.
Consideration of interdependence among the criteria and alternative policies for maintenance strategy
provides valuable cost savings and greater benefits for any hybrid flow systems. For any decision maker,
it is convenient to prioritize the criteria of MCDM problems and goals of goal programming problems
in fuzzy terms. This paper presents an integrated approach for maintenance policy selection, using fuzzy
Analytic Network Process (ANP) within a Goal Programming, based on fuzzy preemptive priority
where goal hierarchies are specified in different levels of fuzzy importance. To overcome the criticism
of inconsistency, unbalanced scale of judgments and uncertainty in the pair-wise comparison process,
criteria weights are determined using modified fuzzy LLSM method.
Chapter 8
Backward and Forward Linkages in Chinese Steel Industry Using Input Output Analysis...............139
Lafang Wang, Hunan University, China
RuiXie, Hunan University, China
Jun Liu, Hunan University, China
This paper measures the direct and indirect contribution made by iron and steel industry in the economy
of China and assess the differences between China and other steel producing countries. With this aim
in view, the input-output modelling is used to detect the industrial linkages known as backward and
forward linkages of eight iron and steel producing countries, including China, USA, Japan, Germany,
Italy, Brazil, Korea, and India. The induction effect of export demand on steel industry in China is shown
to be less than several OECD countries, such as Japan.
Chapter 9
Technical Note - The South Eastern and Chatham Railways Managing Committee: A Case for
Vertically-Integrated Regional Duopolies?.........................................................................................159
Jbrg Schimmelpfennig, Ruhr-Universitdt Bochum, Germany
In 1898, two railways serving the south-east of England agreed to be managed by a joint committee. This
paper finds clear statistical evidence of the negative impact this had on total economic costs, including
opportunity costs of capital, as well as working expenditure. Thus, additional support was provided for
the then British railway policy already strongly suspicious of railway mergers on competition grounds.
At the same time the findings could reopen the discussion on the wisdom of today s British rail pri-
vatisation philosophy. In particular, one could argue that, instead of separating infrastructure and train
operations, the creation of vertically-integrated regional duopolies along the pre-1899 networks might
lead to genuine competition, require less regulation, reduce costs, and thus increase economic surplus.
Section 3
Strategic Inventory Management
Chapter 10
Pricing and Replenishment Policies for Imperfect Quality Deteriorating Items under Inflation and
Permissible Delay in Payments..........................................................................................................170
Chandra K. Jaggi, University of Delhi, India
Satish K. Goel, University of Delhi, India
Mandeep Mittal, Amity School of Engineering and Technology, India
Usually it is assumed that all items in a lot are of good quality, but in reality this assumption may not
always be pertinent. Thus, the inspection of lots becomes essential in almost all organizations. Moreover,
its role becomes more vital when the items are deteriorating in nature. Owing to this fact, this paper
investigates the impact of initial inspection on retailer s pricing and ordering policy for deteriorating
items under inflation and permissible delay in payments using discounted cash flow approach over a finite
planning horizon. Demand rate is assumed to be a function of selling price. The proposed model jointly
optimizes the number of replenishments and price by maximizing the retailer s total profit. Results have
been demonstrated with the help of a numerical example, and sensitivity analyses are also presented to
provide managerial insights into practice.
Chapter 11
Optimal Ordering Strategy of a Replenishment Policy for Deteriorating Items under Retailer s Partial
Trade Credit Policy ............................................................................................................................186
Gour Chandra Mahata, Sitananda College, India
Puspita Mahata, Srikrishna College, India
This paper investigates the economic order quantity inventory model for a retailer under two levels of
trade credit to reflect the supply chain management situation. It is assumed that the retailer maintains
a powerful position and can obtain full trade credit offered by supplier, yet the retailer just offers the
partial trade credit to customers. Under these conditions, the retailer can obtain the most benefits. This
study also investigates the retailer s inventory policy for deteriorating items in a supply chain manage-
ment situation as a cost minimization problem. The present study shows that the annual total variable
cost for the retailer is convex, that is, a unique solution exists. Mathematical theorems and algorithms
are developed to efficiently determine the optimal inventory policy for the retailer. The results in this
paper generalize some already published results. Finally, numerical examples are given to illustrate the
theorems and obtain managerial phenomena.
Chapter 12
Explaining Involuntary Spinoffs from Teams.....................................................................................203
TVS. Ramamohan Rao, Indian Institute of Technology, Kanpur, India
A firm consists of different teams with each of them producing a separate product (which may be related
to other products of the firm). In turn, each team has individuals of different talents (though some talents
may be substitutable across products) who work together to achieve synergies. Some team members may
find it advantageous to induct new talents into an existing team and/or introduce new products based on
their experience. The firm will efficiently integrate a new product by forming a new team if it (a) has the
organizational capabilities to translate potential synergies to reality, (b) can accommodate the strategic
bargaining power of the existing team members in resource allocation across talents, and (c) can attract
and coordinate the efficient combination of talents. A Spinoff, i.e., the production of the new product in
a separate firm, will occur if any one, or more, of these conditions is not satisfied. A variant of the CES
function can be shown to provide the most efficient analytical device to examine the stability of teams
and spinoffs when teams cannot maintain such cohesion.
Chapter 13
Fuzzy Economic Production Quantity Model for Weibull Deteriorating Items with Ramp Type of
Demand...............................................................................................................................................225
M. Valliathal, Chikkaiah Naicker College, India
R. Uthayakumar, Gandhigram Rural University, India
This paper discusses an Economic Production Quantity model for Weibull deteriorating items over an
infinite time horizon under fuzzy environment. Fuzziness is introduced by allowing the cost components
such as setup cost, production cost, holding cost, shortage cost and opportunity cost due to lost sales to
certain extent. Triangular fuzzy numbers are used to represent the mentioned costs. Optimum policies
of the described models under fuzzy costs are derived. The proposed model can be extended in several
ways. For instance, the deterministic demand function to stochastic fluctuating demand patterns could
be considered. The model could also be generalized to allow for quantity discounts, as well as permis-
sible delay in payments.
Chapter 14
Retailer s Ordering Policy in a Supply Chain when Demand is Price and Credit Period
Dependent ..........................................................................................................................................262
Chandra K. Jaggi, University of Delhi, India
Amrina Kausar, University of Delhi, India
Trade credit is a well established promotional tool in the present competitive world and its impact on
demand cannot be ignored. Businesses often use trade credit to increase their market share and, in turn,
the profit. Undoubtedly, trade credit plays a great role in increasing the demand but it also involves a
great risk of non-payment. In order to reduce the risk of non-payment, businessman at times use a partial
trade credit policy in which they demand a certain percentage of the total amount from the customer at
the time of purchase and offers the credit for the remaining amount. Furthermore, it is also observed that
the demand of FMCG is highly price sensitive. In order to see the effect of credit and price together, on
demand, the retailer s demand is taken as a function of price and credit period. Moreover it is assumed
that the supplier offers the full credit to the retailer but the retailer passes a partial credit to customers.
The inventory model, determines the optimal replenishment time, credit period, and price for the retailer
that maximizes profit. Numerical examples have been provided to support the model followed by the
comprehensive sensitivity analysis.
Section 4
Strategic Process Management
Chapter 15
Optimal Thresholds of an Infinite Buffer Discrete-Time Two-Server System with Triadic Policy.... 279
Veena Goswami, KIIT University, India
G. B. Mund, KIIT University, India
This paper analyzes a discrete-time infinite-buffer Geo/Geo/2 queue, in which the number of servers can
be adjusted depending on the number of customers in the system one at a time at arrival or at service
completion epoch. Analytical closed-form solutions of the infinite-buffer Geo/Geo/2 queueing system
operating under the triadic (0, Q N, M) policy are derived. The total expected cost function is developed
to obtain the optimal operating (0, Q N, M) policy and the optimal service rate at minimum cost using
direct search method. Some performance measures and sensitivity analysis have been presented.
Chapter 16
Two-Facility Location Problem with Infinite Retrial Queue .............................................................294
Ebrahim Teimoury, Iran University of Science and Technology, Iran
Mohammad Modarres Yazdi, Sharif University of Technology, Iran
lman Ghaleh Khondabi, ETKA Center of Advanced Science and Technology, Iran
Mahdi Fathi, Iran University of Science and Technology, Iran
This paper analyzes a two-facility location problem under demand uncertainty. The maximum server
for the ith facility is Mt (i = 1,2). It is assumed that primary service demand arrivals for the ith facility
follow a Poisson process. Each customer chooses one of the facilities with a probability which depends
on his or her distance to each facility. The service times are assumed to be exponential and there is no
vacation or failure in the system. Both facilities are assumed to be substitutable which means that if a
facility has no free server, the other facility is used to fulfill the demand. When there is no idle server in
both facilities, each arriving primary demand goes into an orbit of unlimited size. The orbiting demands
retry to get service following an exponential distribution. In this paper, the authors give a stability condi-
tion of the demand satisfying process, and then obtain the steady-state distribution by applying matrix
geometric method in order to calculation of some key performance indexes. By considering the fixed cost
of opening a facility and the steady state service costs, the best locations for two facilities are derived.
The result is illustrated by a numerical example.
Chapter 17
A Logit Model for Budget Allocation Subject to Multi Budget Sources............................................311
SaeedA. Bagloee, Parsons Overseas Limited, UAE
Christopher G. Reddick, The University of Texas at San Antonio, USA
In a complex and extended system such as a government, the proper allocation of the budget to its sub-
entities is always a major challenge. As such for cases like governments, a situation in which multiple
budget sources with different concerns available to the sub-entities is common. This study develops an
applicable model for large-scale cases in which identifying the flow of capital or budget from (multiple)
sources to the sub-entities is sought. Since the influential factors to the allocation process may be mingled
with some unknown parameters (as well as known factors) a logit model is developed from past panel
data. The logit model is based on the concept of utility, which quantifies the advantage of approaching
budget-sources for the sub-entities. Then the budget allocation problem of logit form is written as a
mathematical programming formulation for which Successive Coordinate Descent (SCD) method is
proposed as the solution algorithm. In this paper, the proposed methodology is tested numerically. The
results of this study show there is strong evidence that some of the entities properties can be altered in
order to achieve a better budget allocation.
Section 5
Strategic Supply Chain Management
Chapter 18
Mapping the Critical Links between Supply Chain Evaluation System and Supply Chain Integration
Sustainability: An Empirical Study.....................................................................................................329
Abirami Radhakrishnan, Morgan State University, USA
Dessa David, Morgan State University, USA
Douglas Hales, The University of Rhode Island, USA
V. Sri Sridharan, Clemson University, USA
Supply Chain Integration is widely advocated as an important factor to attain superior supply chain
performance. While firms are able to achieve integration, they find it hard to sustain integration. In
this paper, the authors argue that to sustain integration partner firms must establish a formal system
to evaluate supply chain-wide performance. The authors draw on theories from a number of manage-
ment disciplines to map the critical links between supply chain evaluation capability and supply chain
integration sustainability. The authors develop and test the research model by conducting an empirical
study involving 102 firms. The results of the study show that supply chains can sustain integration by
establishing a supply chain wide evaluation system.
Chapter 19
Cost Framework for Evaluation of Information Technology Alternatives in Supply Chain .............353
Jagdish Pathak, University of Windsor, Canada
Navneet Vidyarthi, Concordia University, Canada
Organizations are often facing the problem of determining the degree of investment in building infor-
mation links with their suppliers and buyers to reduce costs, lead times, and quality problems, improve
timely customized delivery, increase asset utilization, and improve corporate profitability. One of the
critical enablers for an efficient and effective supply chain is timely planning and information processing
across the entire value-added chain. This paper presents an analytical model for selecting the right mix
of analytical software and hardware alternatives at various planning and execution levels of an organi-
zation to remain competitive in a supply chain. Factors such as quality, reliability, flexibility, timeliness
and organizational compatibility have been quantified into cost components that form the weighted
cost function. The weights of the various cost components of software and hardware are derived from
pair-wise comparison. These weights account for the relative importance of alternative supply chain
strategies for an organization. A numerical example is presented to demonstrate the applicability of the
proposed framework and exhibit the efficacy of the procedures and algorithms.
Chapter 20
Effectiveness of Inter-Organizational Systems in Global Manufacturing: Evidence from Industrial
Cases in Taiwan..................................................................................................................................373
Jun-Der Leu, National Central University, Taiwan
Yu-Tsung Huang, Kaulin Manufacturing Company, Taiwan
Li-Ting Huang, Chang Gung University, Taiwan
Enterprise Information Systems, such as Enterprise Resource Planning (ERP) systems, have been
applied to integrate business processes within a global manufacturing enterprise. Recently, the inter-
organizational systems are applied to assist in business data sharing and collaboration among enterprises
based on the ERP application. However, their resource requirements and failure rates are high, and
many enterprises are concerned about the Business-to-Business (B2B) effectiveness. In this research,
the authors study global manufacturing enterprises, which developed their B2B systems with Taiwanese
government sponsorship successfully. B2B effectiveness is evaluated through operational efficiency and
profitability, while the business scale, Electronic Data Interchange (EDI) induced supplier numbers, and
application scope are considered influencing factors. After the evidence of multiple regression models
and non-parametric statistic testing, the results show that only the application scope has a significant
impact on profitability. The authors discuss these results from the perspective of enterprise integration
as well as the system application scope and give suggestions to global manufacturing enterprises that
want to apply inter-organizational systems.
Compilation of References...............................................................................................................390
About the Contributors....................................................................................................................425
Index...................................................................................................................................................435
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| genre | 1\p (DE-588)4143413-4 Aufsatzsammlung gnd-content |
| genre_facet | Aufsatzsammlung |
| id | DE-604.BV040729230 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T16:24:24Z |
| institution | BVB |
| isbn | 9781466624733 9781466624757 |
| language | English |
| lccn | 2012023348 |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025709324 |
| oclc_num | 856792250 |
| open_access_boolean | |
| owner | DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-11 |
| owner_facet | DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-11 |
| physical | XXX, 438 S. Ill., graph. Darst. 29 cm |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | Business Science Reference |
| record_format | marc |
| series2 | Premier reference source |
| spellingShingle | Tavana, Madjid 1957- Management theories and strategic practices for decision making Logistik (DE-588)4036210-3 gnd Strategisches Management (DE-588)4124261-0 gnd Entscheidungsunterstützung (DE-588)4202171-6 gnd |
| subject_GND | (DE-588)4036210-3 (DE-588)4124261-0 (DE-588)4202171-6 (DE-588)4143413-4 |
| title | Management theories and strategic practices for decision making |
| title_auth | Management theories and strategic practices for decision making |
| title_exact_search | Management theories and strategic practices for decision making |
| title_full | Management theories and strategic practices for decision making Madjid Tavana |
| title_fullStr | Management theories and strategic practices for decision making Madjid Tavana |
| title_full_unstemmed | Management theories and strategic practices for decision making Madjid Tavana |
| title_short | Management theories and strategic practices for decision making |
| title_sort | management theories and strategic practices for decision making |
| topic | Logistik (DE-588)4036210-3 gnd Strategisches Management (DE-588)4124261-0 gnd Entscheidungsunterstützung (DE-588)4202171-6 gnd |
| topic_facet | Logistik Strategisches Management Entscheidungsunterstützung Aufsatzsammlung |
| url | http://www.gbv.de/dms/zbw/718257723.pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025709324&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT tavanamadjid managementtheoriesandstrategicpracticesfordecisionmaking |