scholarly journals Do Air Passengers Decide Rationally? Case Study of Travellers on Route Prague-London

2019 ◽  
Vol 21 (1) ◽  
pp. 9-13
Author(s):  
Katerina Pojkarova ◽  
Dalibor Gottwald
Keyword(s):  
Decision Making ◽  
Rational Choice ◽  
Choice Theory ◽  
Current Debate ◽  
Decision Making Process ◽  
Primary Research ◽  
Number Of Factors ◽  
Decision Making Processes ◽  
Globalized World

Decision-making is an integral part of every human‘s life, both personal and professional, and today‘s highly globalized world brings many different factors that affect the decision-making process. General economic theory of utility is grounded in the assumption that people make decisions rationally. Recently, however, its limits have been challenged by both scientific and professional public - the theory of rational choice acknowledges only a limited number of factors that influence the decision-making. The aim of the present article is to discover whether the current debate can be applicable to decision-making processes of flight passengers in a case study of travelers on route from Prague to London. The article presents results of a primary research carried out by authors in 2018. The survey set to explore validity of choice theory in the sector of logistics, in particular in decision-making processes of passengers who buy flight ticket on route Prague - London. At the base of result it can be confirmed that the classical theory of rational choice in economical perspective has been proven false. When people‘s behavior, as a result of their decision making, serves as a basis for future predictions of development in a given area, it is essential to take into account other, usually hidden factors, which also affect the decision-making process.

Adoption of Web Services in Digital Libraries

2010 ◽  
pp. 307-320
Author(s):  
Fatih Oguz
Keyword(s):  
Decision Making ◽  
Web Services ◽  
Digital Libraries ◽  
Diffusion Of Innovations ◽  
Decision Making Process ◽  
Study Approach ◽  
Number Of Factors ◽  
Complex Procedure ◽  
Research Problems

This chapter describes a research study with an objective to explore and describe decision factors related to technology adoption. The study utilized theories of diffusion of innovations and communities of practice as frameworks and a case study of Web services (WS) technology in the digital library (DL) environment to develop an understanding of the decision-making process. A qualitative case study approach was used to investigate the research problems and data was collected through semistructured interviews, documentary evidence (e.g., meeting minutes), and a comprehensive member check. Face-to-face and phone interviews were conducted with respondents from five different DL programs in the U.S., selected based on distinctive characteristics (e.g., size of the DL program). Findings of the research suggest that the decision-making process is a complex procedure in which a number of factors are considered when making WS adoption decisions. These factors are categorized as organizational, individual, and technology-specific factors.

Adoption of Web Services in Digital Libraries

2011 ◽  
pp. 1127-1140
Author(s):  
Fatih Oguz
Keyword(s):  
Decision Making ◽  
Web Services ◽  
Digital Libraries ◽  
Diffusion Of Innovations ◽  
Decision Making Process ◽  
Study Approach ◽  
Number Of Factors ◽  
Complex Procedure ◽  
Research Problems

This chapter describes a research study with an objective to explore and describe decision factors related to technology adoption. The study utilized theories of diffusion of innovations and communities of practice as frameworks and a case study of Web services (WS) technology in the digital library (DL) environment to develop an understanding of the decision-making process. A qualitative case study approach was used to investigate the research problems and data was collected through semistructured interviews, documentary evidence (e.g., meeting minutes), and a comprehensive member check. Face-to-face and phone interviews were conducted with respondents from five different DL programs in the U.S., selected based on distinctive characteristics (e.g., size of the DL program). Findings of the research suggest that the decision-making process is a complex procedure in which a number of factors are considered when making WS adoption decisions. These factors are categorized as organizational, individual, and technology-specific factors.

Revisiting the role of process incentives as a determinant of university students’ protest

2012 ◽  
Vol 5 (2) ◽  
pp. 225-253
Author(s):  
Elias Dinas ◽  
Kostas Gemenis
Keyword(s):  
Decision Making ◽  
Collective Action ◽  
Rational Choice ◽  
Rational Choice Theory ◽  
Choice Theory ◽  
Choice Model ◽  
Cost Benefit ◽  
Original Data ◽  
Decision Making Process ◽  
The Public

Drawing on the original data collected during a period of university student protest in Greece, we explore whether the expected gains from the act of protesting itself influence an individual's decision to participate in collective action. More particularly, we investigate the extent to which the process incentives qualify the weight individuals attach to the primary elements of the original cost–benefit equation of rational choice theory as well as other considerations in their decision-making process. Our findings point out that the magnitude of the effect of the process incentives is very strong and its inclusion in a rational choice model improves our understanding of students’ participation in protest activities. Turning to indirect effects, we show that process incentives behave as a first stage precondition for the students’ decision to participate in collective action. In the absence of perceived benefits associated with the process of protesting, the importance of attaining the public good becomes much less important in their decision-making process.

scholarly journals How the state legitimizes national development projects: The Third Development Axis case study, Slovenia

2021 ◽  
Vol 61 (2) ◽  
pp. 109-121
Author(s):  
Maruša Goluža ◽  
Maruška Šubic-Kovač ◽  
Drago Kos ◽  
David Bole
Keyword(s):  
Decision Making ◽  
National Development ◽  
Decision Makers ◽  
Decision Making Process ◽  
The Public ◽  
The Third ◽  
Decision Making Processes ◽  
Democratic Principles ◽  
Output Legitimacy

We analyzed planning mechanisms and evaluated their performance in achieving legitimacy in infrastructure planning in Slovenia. Planning mechanisms were divided according to the concept of input, throughput and output legitimacy. We conducted a document analysis and interviews to assess their effectiveness in achieving legitimate decisions. Although the analyzed decision-making process declaratively promoted democratic principles, the mechanisms failed to satisfactorily enhance the legitimacy of decisions. The study revealed inadequate communication approaches, both in the decision-makers' relationship with the public and within the expert discourse. Accordingly, the study argues for more genuine communication with the public and within academia to address legitimacy challenges in increasingly conflictual decision-making processes.

scholarly journals Modelling & Simulation as a Strategic Tool for Decision-Making Process: A Dairy Case Study

2020 ◽  
Vol 14 (1) ◽  
Author(s):  
Cristiani Eccher
Keyword(s):  
Decision Making ◽  
Continuous Production ◽  
Commodity Prices ◽  
Modelling And Simulation ◽  
Raw Material ◽  
Decision Making Process ◽  
Highly Sensitive ◽  
Decision Making Processes ◽  
Modelling Simulation

The Dairy Industry faces many challenges compared to other sectors. On the supply side due to the nature of the raw material, large inventories are not applied; during the manufacturing process, the continuous production is highly sensitive to any sort of unplanned disruption; and on the demand side, the market dictates the commodity prices. In response to the growth in competition, dairy organizations’ strategy must incorporate technology into their daily processes in order to become more efficient, profitable and sustainable. To achieve desired levels of improvement, Modelling and Simulation has been increasing in popularity in the decision-making process. Using a Dairy company as a case study, this paper has highlighted the potential for Modelling and Simulation to be used as a powerful strategic tool for decision-making processes.

scholarly journals NEW AGGREGATION OPERATORS FOR DECISION-MAKING UNDER UNCERTAINTY: AN APPLICATIONS IN SELECTION OF ENTREPRENEURIAL OPPORTUNITIES

2017 ◽  
Vol 24 (2) ◽  
pp. 335-357 ◽  
Author(s):  
Fabio BLANCO-MESA ◽  
Anna María GIL-LAFUENTE ◽  
José M. MERIGÓ
Keyword(s):  
Decision Making ◽  
Decision Making Process ◽  
Sources Of Information ◽  
Start Up ◽  
Selection Indices ◽  
New Business ◽  
Decision Making Processes ◽  
Level Of Importance ◽  
Logic Reasoning

The main aim of this paper is to study how economic environment and logic reasoning guidance the decision-making process to start-up a new business by potential entrepreneurs. The study proposes a new method using the family of selection indices with OWA operator, which allows aggregating information according to the level of importance and their level of objectivity and subjectivity in the same formulation within the decision-making process. To develop case study, we have taken into account some industries of the sports sector and some critical environmental factors that influence the competitiveness and entrepreneurship in Colombia to start a new business. The results show in an orderly way all information aggregated, which can help potential investors and entrepreneurs to make a decision based on their preferences. Finally, the applicability of this method in real case can be given in aggregation different sources of information to help at dealing decision-making processes.

Multiple Interpretations of Rationality in Offender Decision Making

2017 ◽  
Author(s):  
Henk Elffers
Keyword(s):  
Decision Making ◽  
Rational Choice ◽  
Rational Choice Theory ◽  
Choice Theory ◽  
Decision Making Process ◽  
Difference Of Opinion ◽  
Choice Approach

It is argued that, contrary to some criticisms, rational choice theory of criminal decision making has and should have a clear place for emotions as part of the decision-making process, as it had in classical treatises of Coornhert, Smith, and Bentham, as well as in modern formulations such as Elster’s. It appears that much disagreement is a consequence of a hidden difference of opinion on what the concept of “rational choice” contains or should contain and how it may or may not be used in explaining the occurrence of crime. This chapter provides clarity on this issue by discussing various elements that may have generated disagreement about content and scope of the rational choice approach. The chapter focuses on what is, could, or should be the contribution of rational choice theory to criminal choice theory.

Utilizing management accounting information for decision-making

2018 ◽  
Vol 15 (2) ◽  
pp. 181-205 ◽  
Author(s):  
Natalia Saukkonen ◽  
Teemu Laine ◽  
Petri Suomala
Keyword(s):  
Decision Making ◽  
Management Accounting ◽  
Decision Making Process ◽  
Information Utilization ◽  
Content Type ◽  
Decision Making Processes ◽  
Decision Alternatives ◽  
Process Structure ◽  
Analytical Approaches

Purpose To be utilized effectively in decision-making processes, management accounting (MA) information should fit the business context and at the same time reflect the roles, responsibilities and values of the actors taking part in the decision-making. This study aims to investigate the limitations for MA information utilization in decision-making. In particular, this study explores limitations stemming from the decision-making process structure and the involvement of several managerial actors. Design/methodology/approach An exploratory case study of an energy company and its customer company illustrates the current challenges in providing and integrating MA information into decision-making. The analysis is focused on the analytical and actor-based features of the decision-making and thus the limitations for MA information utilization. As a part of the broader research process, the researchers facilitated a meeting in the customer company, where the actors relevant to investment decisions discussed the current limitations in utilizing MA information. Findings Analytical and actor-based features may take different forms in the decision-making. Some relevant MA information may not be included in an organization’s decision-making process structure that allows merely conventional, yet analytical, decision alternatives. At the same time, certain actors’ viewpoints (such as sustainability metrics) can be excluded from the process without considering the logic behind the exclusion. This case study identifies the following limitations, largely related to insufficient actor-based features in the decision-making: managers may lack expertise in the use of MA tools, managerial interaction may lack reflection on taken-for-granted assumptions, different managers may appreciate different scope, content and timing of MA information and the process structure can ignore the required managerial viewpoints. Research limitations/implications This study demonstrates that both the decision-making process structure and the needs of the several actors involved may lead to limitations for MA information utilization. Although many limitations stemmed from the insufficient actor-based orientation in the case study, introducing new MA analyses and extending the validity of analytical approaches may also help overcome some of the limitations. Further research should address possibilities to integrate different actors’ viewpoints with MA information already in the decision-making process structure, find ways to introduce MA information on unconventional decision alternatives and enable reflection among and about relevant actors with respect to decision-making. These means could lead to more effective utilization of MA information for decision-making and, consequently, economically viable decisions. Originality/value This study addresses the limitations in MA information utilization by combining the viewpoints of analytical decision-making processes and reflective actors, and thus unveils possibilities for enhancing MA practice.

The Evolution of FDA Policy on Silicone Breast Implants: A Case Study of Politics, Bureaucracy, and Business in the Process of Decision-Making

1995 ◽  
Vol 25 (4) ◽  
pp. 573-591 ◽  
Author(s):  
Howard A. Palley
Keyword(s):  
Decision Making ◽  
Side Effects ◽  
Interest Group ◽  
Breast Implants ◽  
Decision Making Process ◽  
Silicone Breast Implants ◽  
Number Of Factors ◽  
The Impact

The central issue facing federal regulation of breast implants is that while such devices are not functionally necessary or needed for survival, the side effects may be harmful and have not been proven unharmful. The Medical Device Amendments of 1976 appear to require such evidence prior to the FDA permitting the unrestricted marketing of these devices. However, only recently have such requirements been imposed by the FDA. The author examines the FDA's decision-making process, particularly as applied to silicone breast implants, and the factors that appear to have affected such decisions. In pursuing this study, the activities of a number of interest-group actors, as well as congressional responses and the role of federal bureaucratic actors, were examined. In 1992 the FDA established a regulatory protocol that effectively withdrew most silicone breast implants from the market for the purpose of breast augmentation and allows for the monitoring of the impact of new implants on women's health. This increased concern for determining the safety of breast implants is due to a number of factors, which are examined in this article.

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