Inventory and ordering decisions: a systematic review on research driven through behavioral experiments

2020 ◽  
Vol 40 (7/8) ◽  
pp. 997-1039 ◽  
Author(s):  
H. Niles Perera ◽  
Behnam Fahimnia ◽  
Travis Tokar
Keyword(s):  
Systematic Review ◽  
Decision Making ◽  
Operations Management ◽  
State Of The Art ◽  
The State ◽  
Future Research ◽  
Behavioral Experiments ◽  
Content Type ◽  
Behavioral Operations ◽  
Behavioral Operations Management

PurposeThe success of a supply chain is highly reliant on effective inventory and ordering decisions. This paper systematically reviews and analyzes the literature on inventory ordering decisions conducted using behavioral experiments to inform the state-of-the-art.Design/methodology/approachThis paper presents the first systematic review of this literature. We systematically identify a body of 101 papers from an initial pool of over 12,000.FindingsExtant literature and industry observations posit that decision makers often deviate from optimal ordering behavior prescribed by the quantitative models. Such deviations are often accompanied by excessive inventory costs and/or lost sales. Understanding how humans make inventory decisions is paramount to minimize the associated consequences. To address this, the field of behavioral operations management has produced a rich body of research on inventory decision-making using behavioral experiments. Our analysis identifies primary research clusters, summarizes key learnings and highlights opportunities for future research in this critical decision-making area.Practical implicationsThe findings will have a significant impact on future research on behavioral inventory ordering decisions while informing practitioners to reach better ordering decisions.Originality/valuePrevious systematic reviews have explored behavioral operations broadly or its subdisciplines such as judgmental forecasting. This paper presents a systematic review that specifically investigates the state-of-the-art of inventory ordering decisions using behavioral experiments.

Behavioral perspective of newsvendor ordering decisions: review, analysis and insights

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
S. Yamini
Keyword(s):  
Behavioral Economics ◽  
Operations Management ◽  
Optimal Order ◽  
Future Research ◽  
Design Strategies ◽  
Content Type ◽  
Behavioral Operations ◽  
Behavioral Operations Management ◽  
The Impact ◽  
Behavioral Perspective

PurposeThe traditional newsvendor model has focused on deriving the optimal order quantity that minimises the balance between stocking too much or too less number of products. However, the managers make inventory decisions based on intuitions and shortcuts, which may involve human errors and biases. The effect of cognitive biases and heuristics influencing the inventory ordering decisions in newsvendor settings is highlighted. The advancement of research associated to the newsvendor biases is reviewed to appreciate the behavioral aspects of the minds underlying this process.Design/methodology/approachThe use of experimental and non-experimental methods to investigate the ordering behaviour of newsvendors is described and we present a framework of the existing literature and highlight the research gaps to point to future research possibilities and priorities.FindingsThe proposed framework gives a systematic approach to confirm the existence of a substantial scope of research opportunities and points to specific areas for further research. It synthesizes the existing results of behavioral newsvendor research and will act as a key reference paper. In addition, it will help the practitioners and software tool vendors to comprehend the behavioral perspective of newsvendor preferences and design strategies to mitigate this effect. The insights will be helpful for academicians, researchers and practitioners working in the areas of experimental economics, behavioral economics, behavioral operations, bounded rationality theory, newsvendor modelling and supply chain contracts.Originality/valueA summary of literature in this evolving area of research is very scarce. Considering the impact of behavioral economics on managerial decisions in the contemporary world, it is highly important to have an educational summary which can act as a tool for the practitioners and researchers in the area of behavioral operations management.

Environmental training: a systematic review of the state of the art of the theme

2019 ◽  
Vol 27 (7) ◽  
pp. 2048-2076 ◽  
Author(s):  
Nelson Oliveira Stefanelli ◽  
Adriano Alves Teixeira ◽  
Jorge Henrique Caldeira De Oliveira ◽  
Marco Antonio Ferreira ◽  
Simone Sehnem
Keyword(s):  
Systematic Review ◽  
Environmental Management ◽  
Research Agenda ◽  
Management Practices ◽  
State Of The Art ◽  
Developed Countries ◽  
The State ◽  
Future Research ◽  
Maturity Stage ◽  
Content Type

Purpose The purpose of this paper is to carry out a systematic review of the state of the art of the environmental training theme and to propose a research agenda to shed light on this subject by suggesting new research in the area. Design/methodology/approach This is a systematic review of the state of the art of the environmental training theme. Findings The authors’ main contribution is the proposal of a research agenda with 11 recommendations for future research, such as conducting research in developed countries; research focusing only on environmental training; qualitative research using case studies; research that explores the co-evolution of environmental training practices with environmental management practices and with the maturity stage of environmental management in organizations; and research that addresses all aspects of environmental training phases proposed by ISO 10015: 2001. Originality/value This is the most recent research which conducts a systematic review of the state of the art on environmental training and proposes a research agenda with several suggestions that can guide researchers in human resources, environmental management, sustainability and supply chain management.

Inventory decision-making biases: a review and suggestions for future research

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
S. Yamini ◽  
M.S. Gajanand
Keyword(s):  
Systematic Review ◽  
Decision Making ◽  
Supply Chain ◽  
Operations Management ◽  
Future Research ◽  
Content Type ◽  
Classification Framework ◽  
Research Findings ◽  
Inventory Decisions ◽  
Inventory Decision

PurposeThe paper provides a comprehensive overview of the biases in inventory decisions, under the umbrella of behavioural operations, considering research findings that used experimental methods. Research in this field has gained traction but, to the best of our knowledge, review articles that summarize these research findings are scarce. Hence, there is a need to synthesize the anomalies and biases reported in inventory decision-making literature to gain a more integrated understanding.Design/methodology/approachThis study reviews themes relevant to inventory and behavioural operations management from the articles published in recognized top-tier journals during the period between 2000 and 2020 with an aim to build a classification framework. Further, using a systematic review procedure, the relevant research studies are divided into sub-sections and appropriate search strategies are adopted to pleat more information on inventory ordering biases.FindingsThis study presents a classification framework by highlighting the factors influencing the biases in inventory decisions and describes the effects of utility preferences on the decision-making behaviour. It highlights the inventory ordering pattern under unconventional settings and also for different supply chain settings. This systematic review helps in identifying the research gap and in giving directions for future researchers.Originality/valueThe study presents a systematic review and detailed analysis of the research in inventory decision making through a behavioural lens. The study shows a clear direction of progress over the years, and implies new directions for looking beyond placing orders and for moving towards a more integrated approach while making supply chain decisions. It will be useful for researchers and practitioners working on newsvendor decisions, supply chain contracts, behavioural economics, behavioural operations management, bounded rationality theory and experimental economics.

Behavioral operations management and supply chain coordination mechanisms: a systematic review and classification of the literature

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Fatemeh Sahar Goudarzi ◽  
Paul Bergey ◽  
Doina Olaru
Keyword(s):  
Operations Management ◽  
Social Preferences ◽  
Supply Chain Coordination ◽  
Coordination Mechanisms ◽  
Future Research ◽  
Content Type ◽  
Behavioral Operations ◽  
Behavioral Operations Management ◽  
Behavioral Studies ◽  
The Impact

Purpose The recent surge in behavioral studies on the coordination mechanisms in supply chains (SCs) and advanced methods highlights the role of SC coordination (SCC) and behavioral issues associated with improving the performance of the operations. This study aims to critically review the behavioral aspect of channel coordination mechanisms. Design/methodology/approach Following a systematic literature review methodology, the authors adopt a combination of bibliometric (to reflect the current state of the field), content (using Leximancer data mining software to develop thematic maps) and theory-oriented qualitative analyzes that provide a holistic conceptual framework to unify the literature’s critical concepts. Findings The analysis confirms the plethora of risk-oriented publications, demonstrating that the second largest category of studies is concerned with social preferences theory. Most studies were based on experiments, followed by analytical modeling, revealing the impact of heuristics and individual preferences in SC decisions and suggesting promising managerial and theoretical avenues for future research. Originality/value The study sheds light on behavioral decision theories applied to SC coordination by categorizing the literature based on the adopted theories. The methodological contributions include using automated content analysis and validating the outcome by interviewing leading scholars conducting active research on “behavioral operations management and SC contracts.” The authors also propose several directions for future research based on the research gaps.

Sport in business studies: a state-of-the-art literature review

2018 ◽  
Vol 8 (5) ◽  
pp. 529-546
Author(s):  
Christofer Laurell ◽  
Sten Soderman
Keyword(s):  
Systematic Review ◽  
Literature Review ◽  
Marketing Strategy ◽  
Design Methodology ◽  
State Of The Art ◽  
Future Research ◽  
Content Type ◽  
Business Studies ◽  
Current State ◽  
State Of Research

PurposeThe purpose of this paper is to provide a systematic review of articles on sport published in leading business studies journals within marketing, organisational studies and strategy.Design/methodology/approachBased on a review of 38 identified articles within the subfields of marketing, strategy and organisation studies published between 2000 and 2015, the articles’ topical, theoretical and methodological orientation within the studied subfields were analysed followed by a cross-subfield analysis.FindingsThe authors identify considerable differences in topical, theoretical and methodological orientation among the studied subfields’ associated articles. Overall, the authors also find that articles across all subfields tend to be focussed on contributing to mature theory, even though the subfield of marketing in particular exhibits contributions to nascent theory in contrast to organisation studies and strategy.Originality/valueThis paper contributes by illustrating the current state of research that is devoted or related to the phenomenon of sport within three subfields in business studies. Furthermore, the authors discuss the role played by leading business studies journalsvis-à-vissport sector-specific journals and offer avenues for future research.

scholarly journals Rise of multiattribute decision‐making in combating COVID‐19: A systematic review of the state‐of‐the‐art literature

2021 ◽  
Author(s):  
Mohammed Assim Alsalem ◽  
Rawia Mohammed ◽  
Osamah Shihab Albahri ◽  
Aws Alaa Zaidan ◽  
Abdullah Hussein Alamoodi ◽  
...  
Keyword(s):  
Systematic Review ◽  
Decision Making ◽  
State Of The Art ◽  
The State

scholarly journals Behavioral Operations Management: A Review of the Field

2019 ◽  
Vol 1 (3) ◽  
Author(s):  
Rosa Hendijani
Keyword(s):  
Decision Making ◽  
Individual Differences ◽  
Product Development ◽  
Inventory Management ◽  
New Product Development ◽  
Operations Management ◽  
New Product ◽  
Heuristics And Biases ◽  
Behavioral Operations ◽  
Behavioral Operations Management

Behavioral operations management (BOM) is one of the new areas in operations management. In the past 12 years, the field has made huge progress and researchers have become interested in this new perspective to solving operational problems. BOM is now one of the major subfields of operations management. In this paper, we examine and categorize areas of BOM based on the mainstream literature. Key areas include behavioral issues in new product development and project management, quality management, production management, inventory management, service operations, and forecasting. Studies in each area are divided into three subcategories, including OM context, individual attributes, heuristics, and biases, and individual differences. In OM context category, feedback and reward, training, work monitoring, teamwork and group decision making, goal setting, task assignment, and flexibility are among the main topics. In individual attributes, heuristics, and biases category, sunk cost effect and escalation of commitment, endowment effect, overprecision bias, planning fallacy, pull-to-center effect, anchoring and insufficient adjustment, and misperceptions of feedback are mainly discussed. In individual differences, analytic thinking and system thinking are mainly studied. New areas for research are suggested in each related section and are summarized in future directions and conclusion sections. In contexts such as new product development, project management, and inventory management, a shift to finding solution to performance improvement is beneficial instead of focusing on heuristics and biases and considering them as a deficiency in human decision making. Regarding individual differences category, a shift toward attributes other than cognitive abilities, such as global processing, creative thinking, and design thinking are recommended.

Artificial neural networks applied for solidified soils data prediction: a bibliometric and systematic review

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Vinicius Luiz Pacheco ◽  
Lucimara Bragagnolo ◽  
Antonio Thomé
Keyword(s):  
Systematic Review ◽  
Neural Networks ◽  
Artificial Neural Networks ◽  
State Of The Art ◽  
Computational Cost ◽  
Soil Improvement ◽  
The State ◽  
Data Set ◽  
Content Type ◽  
Artificial Neural

Purpose The purpose of this article is to analyze the state-of-the art in a systematic way, identifying the main research groups and their related topics. The types of studies found are fundamental for understanding the application of artificial neural networks (ANNs) in cemented soils and the potential for using the technique, as well as the feasibility of extrapolation to new geotechnical or civil and environmental engineering segments. Design/methodology/approach This work is characterized as being bibliometric and systematic research of an exploratory perspective of state-of-the-art. It also persuades the qualitative and quantitative data analysis of cemented soil improvement, biocemented or microbially induced calcite precipitation (MICP) soil improvement by prediction/modeling by ANN. This study sought to compile and study the state of the art of the topic which possibilities to have a critical view about the theme. To do so, two main databases were analyzed: Scopus and Web of Science. Systematic review techniques, as well as bibliometric indicators, were implemented. Findings This paper connected the network between the achievements of the researches and illustrated the main application of ANNs in soil improvement prediction, specifically on cemented-based soils and biocemented soils (e.g. MICP technique). Also, as a bibliometric and systematic review, this work could achieve the key points in the absence of researches involving soil-ANN, and it provided the understanding of the lack of exploratory studies to be approached in the near future. Research limitations/implications Because of the research topic the article suggested other applications of ANNs in geotechnical engineering, such as other tests not related to geomechanical resistance such as unconfined compression test test and triaxial test. Practical implications This article systematically and critically presents some interesting points in the direction of future research, such as the non-approach to the use of ANNs in biocementation processes, such as MICP. Social implications Regarding the social environment, the paper brings approaches on methods that somehow mitigate the computational use, or elements necessary for geotechnical improvement of the soil, thereby optimizing the same consequently. Originality/value Neural networks have been studied for a long time in engineering, but the current computational power has increased the implementation for several engineering applications. Besides that, soil cementation is a widespread technique and its prediction modes often require high computational strength, such parameters can be mitigated with the use of ANNs, because artificial intelligence seeks learning from the implementation of the data set, reducing computational cost and increasing accuracy.

The role of information systems for digital transformation in the private sector: a review of Egyptian SMEs

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Noura Metawa ◽  
Mohamed Elhoseny ◽  
Maha Mutawea
Keyword(s):  
Information Systems ◽  
State Of The Art ◽  
Digital Transformation ◽  
The State ◽  
Future Research ◽  
Research Directions ◽  
Content Type ◽  
The Future ◽  
Full Automation

PurposeThis paper aims to provide insights regarding the state of the art of digital transformation for small- and medium-sized enterprises (SMEs) in Egypt and propose avenues for future research.Design/methodology/approachA proposed framework for the digitization process in SMEs is developed by providing three layers of working steps toward full automation. The paper also provides an extensive analysis of the main requirements for improving the existing traditional information systems' performance in these enterprises. The challenges of digital transformation and the future research direction are discussed as well.FindingsThis paper provided an overview of the importance of digital transformation in real-life applications. The role of the information systems in building a digitalized information processing environment is covered as well. Also, a framework for the shifting process from the traditional approaches to the digitalized systems is proposed. Besides, the paper overviewed the future research directions related to digital transformation in SMEs, especially in Egypt. These research directions are related to technical challenges during the digital transformation process, such as cybersecurity, big data analytics and multimodality data.Originality/valueDespite the significant governmental and institutions' steps toward full automation and digital transformation, the traditional information systems, infrastructures, and unequipped employees make the digitizing process on-the-fly an open challenge. A technology shift that is not supported by a similar cultural change threatens digital business initiatives and increases the risk of their failure. This paper aims to provide insights regarding the state of the art of digital transformation for SMEs in Egypt and propose avenues for future research.

scholarly journals Pre-paradigmatic status of industrial sustainability: a systematic review

2017 ◽  
Vol 37 (10) ◽  
pp. 1425-1450 ◽  
Author(s):  
Palie Smart ◽  
Stefan Hemel ◽  
Fiona Lettice ◽  
Richard Adams ◽  
Stephen Evans
Keyword(s):  
Systematic Review ◽  
Operations Management ◽  
Research Field ◽  
The Body ◽  
Theory And Practice ◽  
Future Research ◽  
Economic Resilience ◽  
Content Type ◽  
Industrial Sustainability ◽  
Scientific Status

Purpose The purpose of this paper is to progress operations management theory and practice by organising contributions to knowledge production, in industrial sustainability, from disparate researcher communities. It addresses the principal question “What scholarly dialogues can be explicated in the emerging research field of industrial sustainability?” and sub-questions: what are the descriptive characteristics of the evidence base? and what thematic lines of scientific inquiry underpin the body of knowledge? Design/methodology/approach Using an evidenced-based approach, a systematic review (SR) of 574 articles from 62 peer-reviewed scientific journals associated with industrial sustainability is conducted. Findings This paper distinguishes three prevailing dialogues in the field of industrial sustainability, and uses Kuhn’s theory of paradigms to propose its pre-paradigmatic scientific status. The three dialogues: “productivity and innovation”, “corporate citizenship” and “economic resilience” are conjectured to privilege efficiency strategies as a mode of incremental reductionism. Industrial sustainability espouses the grand vision of a generative, restorative and net positive economy, and calls for a future research trajectory to address institutional and systemic issues regarding scaling-up and transition, through transformative strategies. Research limitations/implications The review is limited by the nature of the inquiries addressed in the literatures by specific researcher communities between 1992 and 2014. Originality/value This study performs the first SR in the field of industrial sustainability, synthesises prevailing scholarly dialogues and provides an evaluation of the scientific status of the field.

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