A practical approach to sensitivity analysis in linear programming under degeneracy for management decision making

2011 ◽  
Vol 131 (1) ◽  
pp. 392-398 ◽  
Author(s):  
Tamás Koltai ◽  
Viola Tatay
Keyword(s):  
Decision Making ◽  
Sensitivity Analysis ◽  
Linear Programming ◽  
Practical Approach ◽  
Management Decision ◽  
Management Decision Making

scholarly journals Leadership and Management in the 21st Century Organizations: A Practical Approach

2015 ◽  
Vol 2 (2) ◽  
pp. 139
Author(s):  
Victor E. Dike
Keyword(s):  
Decision Making ◽  
Problem Solving ◽  
21St Century ◽  
Global Economy ◽  
Practical Approach ◽  
Management Decision ◽  
Leadership And Management ◽  
Effective Leaders ◽  
Management Decision Making ◽  
Problem Solving Process

<p><em>This article explores the place of leadership and management in the</em><em> </em><em>21st century businesses and organizations</em><em>, the role of leaders and managers, leadership styles as well as their levels of efficacy. It also investigates the attributes of an effective leader and manager, differentiates the concepts of leadership and management, leadership and management decision-making and problem-solving processes, and strategies</em><em> </em><em>for effective delegation</em><em> </em><em>of authorities to followers. This article argues that to function effectively and efficiently in today’s new economy, every organization needs effective leaders and managers as well as competent and reliable followers. It also </em><em>posits that the place of leadership and management in today’s organizations are changing because, among other forces, the extreme competition among businesses in the new global economy, the emerging technologies, and globalization spurred by the Internet. </em><em>The seemingly </em><em>uncertainty in today’s organizations</em><em> </em><em>are putting undue pressures</em><em> </em><em>on leaders and managers to adopt</em><em> </em><em>practical approach to leadership and management to motivate their followers</em><em> </em><em>to</em><em> </em><em>enhance their performance, </em><em>share the visions and missions of the organizations so as to realize</em><em> </em><em>their set objectives. </em><em>This article argues that what makes effective leadership and management in the rapidly changing 21st century organizations</em><em> </em><em>include their personality and style of leadership, passion and values, decision-making and problem-solving process</em><em> </em><em>as well as their</em><em> </em><em>expectations and levels of relationship with their followers. L</em><em>eaders and managers require a practical approach to leadership and management to substantially influence and motivate their followers to enhance their performance to achieve set organizational objectives.</em><em></em></p>

Investigating the reliability of a hedonic travel cost model: a Monte Carlo approach

1994 ◽  
Vol 24 (2) ◽  
pp. 358-363 ◽  
Author(s):  
Michael S. Common ◽  
Daniel W. McKenney
Keyword(s):  
Decision Making ◽  
Sensitivity Analysis ◽  
Monte Carlo ◽  
Cost Model ◽  
Monte Carlo Model ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Management Decision ◽  
Travel Cost Model ◽  
Management Decision Making

The reliability of nonmarket welfare estimates has been examined by analysts in a variety of contexts. Much of the focus of previous work has been on individual, rather than aggregate values. This paper examines the reliability of aggregate consumer surplus estimates via a Monte Carlo model. The basic elements of a hedonic travel cost model are represented in a forest management decision-making context. One result is that what would appear as minor errors in visitor estimates between sites has a significant impact on aggregate consumer surplus estimates. The results serve to emphasize that sensitivity analysis is critical when using nonmarket welfare estimates for decision making.

Centralization and Effectiveness of Reward Management in Multinational Enterprises

2018 ◽  
Vol 17 (2) ◽  
pp. 55-65 ◽  
Author(s):  
Michael Tekieli ◽  
Marion Festing ◽  
Xavier Baeten
Keyword(s):  
Decision Making ◽  
Social Identity Theory ◽  
Multinational Enterprises ◽  
Role Identity ◽  
Management Decision ◽  
Role Identities ◽  
Management Decision Making ◽  
New Perspective ◽  
Subsidiary Managers ◽  
The Relationship

Abstract. Based on responses from 158 reward managers located at the headquarters or subsidiaries of multinational enterprises, the present study examines the relationship between the centralization of reward management decision making and its perceived effectiveness in multinational enterprises. Our results show that headquarters managers perceive a centralized approach as being more effective, while for subsidiary managers this relationship is moderated by the manager’s role identity. Referring to social identity theory, the present study enriches the standardization versus localization debate through a new perspective focusing on psychological processes, thereby indicating the importance of in-group favoritism in headquarters and the influence of subsidiary managers’ role identities on reward management decision making.

Emergency management decision-making during severe weather

2006 ◽  
Author(s):  
Leigh A. Baumgart ◽  
Ellen J. Bass ◽  
Brenda Philips ◽  
Kevin Kloesel
Keyword(s):  
Decision Making ◽  
Emergency Management ◽  
Severe Weather ◽  
Management Decision ◽  
Management Decision Making

Evaluation of an Integrated Traffic Flow Management Decision Making Approach

2010 ◽  
Vol 18 (4) ◽  
pp. 331-358 ◽  
Author(s):  
Shon Grabbe ◽  
Banavar Sridhar ◽  
Avijit Mukherjee
Keyword(s):  
Decision Making ◽  
Traffic Flow ◽  
Management Decision ◽  
Flow Management ◽  
Traffic Flow Management ◽  
Management Decision Making

scholarly journals Towards enhanced risk management: planning, decision making and monitoring of US wildfire response

2017 ◽  
Vol 26 (7) ◽  
pp. 551 ◽  
Author(s):  
Christopher J. Dunn ◽  
David E. Calkin ◽  
Matthew P. Thompson
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Fire Management ◽  
The United States ◽  
Management Decision ◽  
Current Response ◽  
Ongoing Research ◽  
Response Strategies ◽  
Management Decision Making ◽  
Response Decisions

Wildfire’s economic, ecological and social impacts are on the rise, fostering the realisation that business-as-usual fire management in the United States is not sustainable. Current response strategies may be inefficient and contributing to unnecessary responder exposure to hazardous conditions, but significant knowledge gaps constrain clear and comprehensive descriptions of how changes in response strategies and tactics may improve outcomes. As such, we convened a special session at an international wildfire conference to synthesise ongoing research focused on obtaining a better understanding of wildfire response decisions and actions. This special issue provides a collection of research that builds on those discussions. Four papers focus on strategic planning and decision making, three papers on use and effectiveness of suppression resources and two papers on allocation and movement of suppression resources. Here we summarise some of the key findings from these papers in the context of risk-informed decision making. This collection illustrates the value of a risk management framework for improving wildfire response safety and effectiveness, for enhancing fire management decision making and for ushering in a new fire management paradigm.

Sign in / Sign up

Export Citation Format

Share Document