Management decision making

I have been pleased with the favourable reception of the first edition of this book and I am grateful to have the opportunity to prepare this second edition.

During the development of modern probability theory in the 17th cen- tury it was commonly held that the attractiveness of a gamble offering the payoffs :1:17 *** ,:l: with probabilities Pl, .

A volume of this nature containing a collection of papers has been brought out to honour a gentleman - a friend and a colleague - whose work has, to a large extent, advanced and popularized the use of stochastic point processes.

Over the last fifty years advanced mathematical tools have become an integral part in the development of modern economic theory.

In the last 25 years, the fuzzy set theory has been applied in many disciplines such as operations research, management science, control theory, artificial intelligence/expert system, etc.

In order to survive as a social institution a firm needs a constitutional social contract, even though implicit, among its stakeholders.

This graduate text develops production theory from a set of reasonable axioms.

Network flow and matching are often treated separately in the literature and for each class a variety of different algorithms has been developed.

This volume contains a refereed selection of revised papers which were originally presented at the Second International Conference on Econometric Decision Models, University of Hagen (FernUni- versitat).

In production systems there are often capacity oriented performance objectives, like a desired total throughput, a desired average throughput time and average work- in-process.

The axiomatic foundations of the Bayesian approach to decision making assurne precision in the decision maker's judgements.

The fields of integer programming and combinatorial optimization continue to be areas of great vitality, with an ever increasing number of publications and journals appearing.

This thesis deals with timing and sizing decisions for production lots, and more precisely, with mathematical models to support optimal tim- ing and sizing decisions.

Jay Forrester's Economic Dynamics was published in 1971 and The Limits to Growth by Dennis Meadows and his associates appeared a year later.

This paper is intended for the beginner.

These notes grew out of a series of lectures given by the author at the Univer- sity of Budapest during 1985-1986.

Management science is a di scipl ine dedicated to the development of techniques that enable decision makers to cope with the increasing complexity of our world.

In this monograph, noncooperative games are studied.

This volume contains selected papers presented at the "e;International Workshop on Computationally Intensive Methods in Simulation and Op- th th timization"e; held from 23 to 25 August 1990 at the International Institute for Applied Systems Analysis (nASA) in La~enburg, Austria.

Projects of very different natures are continuously changing the world in which we live.

McrM has been an active research area for over 20 years and the previous conferences clearly showed a tremendous growth of interest.

A few years ago nobody would have anticipated that in connection with degeneracy in Linear Programming quite a new field.

Bei den Vorbereitungen zu einer CIM-Einführung ist über die rein technischen Aspekte hinaus eine sorgfältige Planung des organisatorischen Umfelds zwingend erforderlich: technische und organisatorische Aspekte sowie die Qualifizierung der Mitarbeiter sind zu beachten, Risiken und Chancen kritisch abzuwägen.

The disjunctive cut principle of Balas and Jeroslow, and the related polyhedral annexation principle of Glover, provide new insights into cutting plane theory.

In the last 25 years, the fuzzy set theory has been appliedin many disciplines such as operations research, managementscience, control theory,artificial intelligence/expertsystem, etc.

Over two centuries of theory and practical experience have taught us that election and decision procedures do not behave as expected.

Planning in a general sense is concerned with the design of communication and decision making mechanisms in organizations where information and choice are decentralized.

Um ein Höchstmaß an Wirtschaftlichkeit bei der Anwendung rechnerunterstützter Systeme zu erreichen, müssen - anstelle von nebeneinanderstehenden Insellösungen - Daten und Informationen einmalig erfaßt werden und in verschiedenen Systemen zur Verarbeitung verfügbar sein.

The purpose of this study is in keeping with the shift in concern over the eco- nomic problems of growth to those of income distribution in recent years.

The interest in the mathematical modeling of transportation systems stems from the need to predict how people might make use of new or improved transport infrastruc- ture in order to evaluate the benefit of the required investments.

Current1y there is a vast amount of literature on nonlinear programming in finite dimensions.

This mono graph is intended for an advanced undergraduate or graduate course as weIl as for the researchers who want a compilation of developments in this rapidly growing field of operations research.

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This is a revised version of a doctoral thesis, submitted in mimeographed fonn to the Faculty of Arts, Uppsala University, 1988.

Within a project human and non-human resources are pulled together in a tempo- raray organization in order to achieve a predefined goal (d.

Generalizations of the classical concept of a convexfunction have been proposed in various fields such aseconomics, management science, engineering, statistics andapplied sciences during the second half of this century.

In February 1992, I defended my doctoral thesis: Engineering Optimiza- tion - selected contributions (IMSOR, The Technical University of Den- mark, 1992, p.

This monograph is intended for an advanced undergraduate or graduate course as well as for researchers, who want a compilation of developments in this rapidly growing field of operations research.

Generalizations of convex functions have been used in a variety of fields such as economics.

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This book describes some models from the theory of investment which are mainly characterized by three features.