...Introduction to Decision Making Methods János Fülöp Laboratory of Operations Research and Decision Systems, Computer and Automation Institute, Hungarian Academy of Sciences 1. Decision Making Process “Decision making is the study of identifying and choosing alternatives based on the values and preferences of the decision maker. Making a decision implies that there are alternative choices to be considered, and in such a case we want not only to identify as many of these alternatives as possible but to choose the one that best fits with our goals, objectives, desires, values, and so on.” (Harris (1980)) According to Baker et al. (2001), decision making should start with the identification of the decision maker(s) and stakeholder(s) in the decision, reducing the possible disagreement about problem definition, requirements, goals and criteria. Then, a general decision making process can be divided into the following steps: Step 1. Define the problem “This process must, as a minimum, identify root causes, limiting assumptions, system and organizational boundaries and interfaces, and any stakeholder issues. The goal is to express the issue in a clear, one-sentence problem statement that describes both the initial conditions and the desired conditions.” Of course, the one-sentence limit is often exceeded in the practice in case of complex decision problems. The problem statement must however be a concise and unambiguous written material agreed by all decision makers and stakeholders...
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...Organizational Behavior (Formative Assessment) (Gaurav Jain - C1259866) Master Of Business Administration teaches students how to become successful, how to work in groups and adjust in the surroundings those are created internally as well as externally. Poster presentation, being the first MBA project, has posed many challenges for our group due to cultural and thinking difference. “Human beings, and only human beings, are biologically adapted for participating in collaborative activities involving shared goals and socially coordinated action plans”(Tomasello, Carpenter, Call, Behne, & Moll, 2005, 676). After forming group, the next challenge to us was selecting an underperforming company. Taking into account the economic crisis, people were affected the most. And retail is a segment, which is very close to the people. Each member of our group was interested in electronic retail segment. This initial motivation for our poster was intrinsic motivation. Although marks and ranking (Extrinsic Motivation) were the factors that motivated us but our initial motivator was our interest. Once we started the work on our presentation, it was the Content approach that motivated us the most throughout the work. As Maslow said that human needs motivates him towards a goal and helps him pursuing the goal, we evident it while working on our presentation. The five basic human needs, as mentioned by Maslow, are physiological, safety, love/belonging, self-esteem and self-actualization. Working...
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...Hippolyte Jean GiraudouxN 1 est un écrivain1 et un diplomate français, né le29 octobre 1882 à Bellac en Haute-Vienne et mort le 31 janvier 1944 à Paris. Brillant étudiant et soldat décoré pendant la Première Guerre mondiale, il occupe des fonctions diplomatiques et administratives tout en écrivant des romans(Suzanne et le Pacifique en 1921, Siegfried et le Limousin en 1922) avant de se diriger vers le théâtre après sa rencontre avec le comédien Louis Jouvet qui mettra en scène et interprétera ses œuvres principales. Il est aujourd'hui surtout connu pour son théâtre qui compte des pièces célèbres comme Amphitryon 38 (1929), La guerre de Troie n'aura pas lieu (1935), Électre(1937) ou Ondine (1939) ou La Folle de Chaillot jouée en 1945 après sa mort. Jean Giraudoux a participé comme d'autres dramaturges des années 1930-1940(Cocteau, Anouilh, Sartre, Camus par exemple) à la réécriture des mythesantiques éclairés par les mentalités modernes. Il a su allier fantaisie poétique et goût pour les images insolites et également associer le tragique et le léger dans une langue élégante et fine, parfois même poétique Jean Giraudoux meurt à Paris le 31 janvier 1944, à l'âge de soixante et un ans, à la suite d'un empoisonnement alimentaire ou d'une inflammation du pancréas. la guerre de Troie n'aura pas lieu Hector et Ulysse restent en tête-à-tête. Ni l'un ni l'autre ne veut la guerre. Mais ils sentent que le destin semble en décider autrement. Ulysse accepte de partir le plus rapidement...
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...Knowledge-Based Systems 30 (2012) 67–77 Contents lists available at SciVerse ScienceDirect Knowledge-Based Systems journal homepage: www.elsevier.com/locate/knosys Bankruptcy prediction models based on multinorm analysis: An alternative to accounting ratios Javier de Andrés ⇑, Manuel Landajo, Pedro Lorca University of Oviedo, Spain a r t i c l e i n f o a b s t r a c t In this paper we address the bankruptcy prediction problem and outline a procedure to improve the performance of standard classifiers. Our proposal replaces traditional indicators (accounting ratios) with the output of a so-called multinorm analysis. The deviations of each firm from a battery of industry norms (computed by nonparametric quantile regression) are used as input variables for the classifiers. The approach is applied to predict bankruptcy of firms, and tested on a representative data set of Spanish firms. Results indicate that the approach may provide significant improvements in predictive accuracy, both in linear and nonlinear classifiers. Ó 2011 Elsevier B.V. All rights reserved. Article history: Received 9 February 2011 Received in revised form 2 October 2011 Accepted 3 November 2011 Available online 30 December 2011 Keywords: Bankruptcy prediction Classification techniques Nonparametric methods Quantile regression Accounting ratios 1. Introduction Under the current economic conditions, bankruptcy early warning systems have become tools of key importance in order to guarantee the...
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...INFORMS Multiple Criteria Decision Making, Multiattribute Utility Theory: Recent Accomplishments and What Lies Ahead Author(s): Jyrki Wallenius, Peter C. Fishburn, Stanley Zionts, James S. Dyer, Ralph E. Steuer and Kalyanmoy Deb Source: Management Science, Vol. 54, No. 7 (Jul., 2008), pp. 1336-1349 Published by: INFORMS Stable URL: http://www.jstor.org/stable/20122479 Accessed: 15-10-2015 13:28 UTC Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at http://www.jstor.org/page/ info/about/policies/terms.jsp JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. INFORMS is collaborating with JSTOR to digitize, preserve and extend access to Management Science. http://www.jstor.org This content downloaded from 130.243.57.230 on Thu, 15 Oct 2015 13:28:04 UTC All use subject to JSTOR Terms and Conditions SCIENCE MANAGEMENT WjEE. Vol. 54, No. 7, July 2008, 1336-1349 pp. DOI io.l287/nmsc.l070.0838 ISSN 0025-19091EISSN1526-55011081540711336@2008 INFORMS Criteria Decision Making, Multiattribute Multiple Utility Theory: Recent Accomplishments and What Lies Ahead School Helsinki Jyrki Wallenius of...
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...Springer Series in Advanced Manufacturing Series Editor Professor D. T. Pham Intelligent Systems Laboratory WDA Centre of Enterprise in Manufacturing Engineering University of Wales Cardiff PO Box 688 Newport Road Cardiff CF2 3ET UK Other titles in this series Assembly Line Design B. Rekiek and A. Delchambre Advances in Design H.A. ElMaraghy and W.H. ElMaraghy (Eds.) Effective Resource Management in Manufacturing Systems: Optimization Algorithms in Production Planning M. Caramia and P. Dell’Olmo Condition Monitoring and Control for Intelligent Manufacturing L. Wang and R.X. Gao (Eds.) Optimal Production Planning for PCB Assembly W. Ho and P. Ji Trends in Supply Chain Design and Management H. Jung, F.F. Chen and B. Jeong (Eds.) Process Planning and Scheduling for Distributed Manufacturing L. Wang and W. Shen (Eds.) Collaborative Product Design and Manufacturing Methodologies and Applications W.D. Li, S.K. Ong, A.Y.C. Nee and C. McMahon (Eds.) R. Venkata Rao Decision Making in the Manufacturing Environment Using Graph Theory and Fuzzy Multiple Attribute Decision Making Methods 123 R. Venkata Rao, PhD Department of Mechanical Engineering Sardar Vallabhbhai National Institute of Technology, Surat Ichchanath Surat 395 007 Gujarat State India British Library Cataloguing in Publication Data Rao, R. Venkata Decision making in the manufacturing environment : using graph theory and fuzzy multiple attribute decision making methods. - (Springer series in advanced...
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