A Prioritized Decision Making Method for Reliability Allocation: in Optimistic and Pessimistic View

2021 ◽  
pp. 1-13
Author(s):  
Aniruddha Samanta ◽  
Kajla Basu
Keyword(s):  
Decision Making ◽  
System Reliability ◽  
Decision Makers ◽  
Measurement Scale ◽  
Airborne Radar ◽  
View Point ◽  
Reliability Allocation ◽  
Priority Level ◽  
Development Phases

Reliability allocation is a very important problem during early design and development phases of a system. There are several reliability allocation techniques which are used to achieve the target reliability. The feasibility of objectives (FOO) technique is one of them that is widely used to perform system reliability allocation. But this technique has two fundamental shortcomings. The first is the measurement scale and the second is that it does not consider the order weight of the reliability allocation factors. The prioritization of the factors is also an important topic in decision making. Practically, all factors in multi-criteria decision making (MCDM) are not in the same priority level. Hence, in decision making situation, it is usual for decision makers to consider different priority factors. So, considering the prioritization of the factors, a reliability allocation method is proposed here to overcome the shortcomings of the FOO technique. Also, a case study on reliability allocation in airborne radar system is considered here to verify the efficiency of the proposed approach. Finally, the results are calculated in different optimistic and pessimistic view point and compared with the FOO technique. This comparison exhibits the advantages and supremacy of the proposed approach.

Integration between knowledge management and business process management and its impact on the decision making process in the construction sector: a case study of Jordan

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sami Wasef Abuezhayeh ◽  
Les Ruddock ◽  
Issa Shehabat
Keyword(s):  
Decision Making ◽  
Knowledge Management ◽  
Business Process Management ◽  
Process Management ◽  
Business Processes ◽  
Decision Makers ◽  
Decision Making Process ◽  
Construction Sector ◽  
Content Type

Purpose The purpose of this paper is to investigate and explain how organizations in the construction sector can enhance their decision-making process (DMP) by practising knowledge management (KM) and business process management (BPM) activities. A conceptual framework is developed that recognises the elements that impact DMP in terms of KM and BPM. The development of this framework goes beyond current empirical work on KM in addition to BPM as it investigates a wider variety of variables that impact DMP. Design/methodology/approach A case study is undertaken in the context of the construction industry in Jordan. A theoretical framework is developed and assessment of the proposed framework was undertaken through a questionnaire survey of decision-makers in the construction sector and expert interviews. Findings The outcomes of this research provide several contributions to aid decision-makers in construction organizations. Growth in the usage of KM and BPM, in addition to the integration between them, can provide employees with task-related knowledge in the organization’s operative business processes, improve process performance, promote core competence and maximise and optimise business performance. Originality/value Through the production of a framework, this study provides a tool to enable improved decision-making. The framework generates a strong operational as well as theoretical approach to the organizational utilization of knowledge and business processes.

Decision-making of investment in navigation safety improving schemes with application of cumulative prospect theory

2018 ◽  
Vol 232 (6) ◽  
pp. 710-724 ◽  
Author(s):  
Lei Wang ◽  
Qing Liu ◽  
Tongle Yin
Keyword(s):  
Decision Making ◽  
Prospect Theory ◽  
Investment Decision ◽  
Cumulative Prospect Theory ◽  
Decision Makers ◽  
Investment Decision Making ◽  
Risk Appetite ◽  
Safety Investment ◽  
Navigation Safety

Navigation safety improving investment aims at mitigating risk and improving safety of shipping system, while decision-makers’ attitudes toward the uncertainty of shipping safety possess a characteristic of “bounded rationality.” To study the tendency of shipping safety investment decision-making with different risk perception and appetite, a decision-making method based on cumulative prospect theory is proposed in this article. First, we extract the decision attributes through analyzing the factors affecting shipping safety investment. Then, according to cumulative prospect theory, the value function and the probability weighting function for calculating cumulative prospect values of shipping investment attributes are given. Under the risk-based multi-attribute group decision-making framework, linear programming model and projection method are introduced to aggregate the weights of attributes and decision-makers, respectively. Furthermore, through a case study, the proposed methodology is utilized in Three Gorges Dam area, and the desirable safety investment scheme is determined from a set of candidate alternatives. The case study shows not only validity and feasibility of the decision-making approach but also the mechanism of shipping safety investment decision-making with consideration of the behavior characteristics of decision-makers such as reference dependence, risk appetite distortion, and loss aversion.

Drifting the goals archetype: a systemic study

Kybernetes ◽  
2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Virupaxi Bagodi ◽  
Biswajit Mahanty
Keyword(s):  
Decision Making ◽  
Systems Thinking ◽  
Decision Makers ◽  
Content Type ◽  
Area Of Interest ◽  
Complex Decision Making ◽  
Complex Decision ◽  
Current Reality

PurposeManagerial decision-making is an area of interest to both academia and practitioners. Researchers found that managers often fail to manage complex decision-making tasks and system thinkers assert that generic structures known as systems archetypes help them to a great deal in handling such situations. In this paper, it is demonstrated that decision makers resort to lowering of goal (quick-fix) in order to resolve the gap between the goal and current reality in the “drifting the goals” systems archetype.Design/methodology/approachA real-life case study is taken up to highlight the pitfalls of “drifting the goals” systems archetype for a decision situation in the Indian two-wheeler industry. System dynamics modeling is made use of to obtain the results.FindingsThe decision makers fail to realize the pitfall of lowering the goal to resolve the gap between the goal and current reality. It is seen that, irrespective of current less-than-desirable performance, managers adopting corrective actions other than lowering of goals perform better in the long run. Further, it is demonstrated that extending the boundary and experimentation results in designing a better service system and setting benchmarks.Practical implicationsThe best possible way to avoid the pitfall is to hold the vision and not lower the long term goal. The managers must be aware of the pitfalls beforehand.Originality/valueSystems thinking is important in complex decision-making tasks. Managers need to embrace long-term perspective in decision-making. This paper demonstrates the value of systems thinking in terms of a case study on the “drifting the goals” systems archetype.

Designing a Business Analytics Culture in Organizations in India

2021 ◽  
pp. 670-678
Author(s):  
Tanushri Banerjee ◽  
Arindam Banerjee
Keyword(s):  
Decision Making ◽  
Decision Makers ◽  
Data Organization ◽  
Business Analytics ◽  
Domain Specific ◽  
Consumer Lending ◽  
Effective Decision ◽  
Effective Decision Making

There are several challenges faced by decision makers while deploying Business Analytics in their organization. There may not be one resolution approach that is suitable for creating a Business Analytics culture in all organizations. However, it is easy to perceive that most India-based organizations may have similar issues of data organization that may be impeding their progression in the field of Analytics. Based on their research, the authors have proposed a framework for adoption of Analytics in Indian firms in their book “Weaving Analytics for Effective Decision Making” by SAGE. They propose to use that model for explaining certain domain specific adoption of Business Analytics in organizations in India. They have used a case study of a Global Bank which is in the process of establishing its consumer lending USA operations, an offshore captive operation, in India to describe the process of building an Analytics team in an organization in India. Data processed using R has been added as screenshots for supporting the findings.

A Decision Support System and Visualisation Tools for AHP-GDM

2021 ◽  
pp. 703-722
Author(s):  
Alberto Turón ◽  
Juan Aguarón ◽  
María Teresa Escobar ◽  
José María Moreno-Jiménez
Keyword(s):  
Decision Making ◽  
Decision Support ◽  
Decision Support System ◽  
Group Decision Making ◽  
Support System ◽  
Pairwise Comparison ◽  
Decision Makers ◽  
Consensus Matrix ◽  
Minimum Number

The Precise Consistency Consensus Matrix (PCCM) is a decisional tool for AHP-Group Decision Making (AHP-GDM). Based on the initial pairwise comparison matrices of the individuals, the PCCM constructs a consensus matrix for the group using the concept of consistency. This paper presents a decision support system (PRIOR-PCCM) that facilitates the construction of the PCCM in the context of AHP-GDM, and the calculus of four indicators that allows comparison of the behaviour of group consensus matrices. PRIOR-PCCM incorporates the possibility of considering different weights for the decision makers and includes a module that permits the extension of the initial PCCM which can achieve the minimum number of non-null entries required for deriving priorities or establishing a complete PCCM matrix. It also includes two cardinal indicators for measuring consistency and compatibility and two ordinal indicators for evaluating the number of violations of consistency and priority. The paper introduces some new visualisation tools that improve comprehension of the process followed for obtaining the PCCM matrix and allow the cognitive exploitation of the results. These original contributions are illustrated with a case study.

Group Decision Model Based on Ordered Weighted Distance to Aid Decisions on Logistics

2018 ◽  
Vol 26 (02) ◽  
pp. 233-254 ◽  
Author(s):  
Jose Leao E Silva Filho ◽  
Danielle Costa Morais
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Decision Model ◽  
Group Decision ◽  
Decision Rules ◽  
Decision Makers ◽  
Weighted Distance ◽  
Model Based ◽  
Decision Making Model

This paper presents a group decision-making model using a distance aggregator based on Ordered Weighted Distance (OWD) which offers a solution that can reduce disagreement between decision makers (DMs). This paper discusses decision rules and sets out measures to evaluate compensatory effects that have a bearing on DMs’ opinions. The model uses formulations of distances to reveal the differences in opinion among DMs and discusses the meanings of distance and the information presented by each DM. Finally, a case study of a logistics problem is used to illustrate how the model is applied.

scholarly journals How Cognitive Biases Influence the Data Verification of Safety Indicators: A Case Study in Rail

Safety ◽  
2019 ◽  
Vol 5 (4) ◽  
pp. 69
Author(s):  
Burggraaf ◽  
Groeneweg ◽  
Sillem ◽  
van Gelder
Keyword(s):  
Decision Making ◽  
Cognitive Biases ◽  
Decision Makers ◽  
Human Cognition ◽  
Quality Data ◽  
Verification Process ◽  
Support Decision Making ◽  
Good Quality Data

The field of safety and incident prevention is becoming more and more data based. Data can help support decision making for a more productive and safer work environment, but only if the data can be, is and should be trusted. Especially with the advance of more data collection of varying quality, checking and judging the data is an increasingly complex task. Within such tasks, cognitive biases are likely to occur, causing analysists to overestimate the quality of the data and safety experts to base their decisions on data of insufficient quality. Cognitive biases describe generic error tendencies of persons, that arise because people tend to automatically rely on their fast information processing and decision making, rather than their slow, more effortful system. This article describes five biases that were identified in the verification of a safety indicator related to train driving. Suggestions are also given on how to formalize the verification process. If decision makers want correct conclusions, safety experts need good quality data. To make sure insufficient quality data is not used for decision making, a solid verification process needs to be put in place that matches the strengths and limits of human cognition.

An Integrated Intuitionistic Fuzzy MCDM Approach to Select Cloud-Based ERP System for SMEs

2019 ◽  
Vol 18 (06) ◽  
pp. 1875-1908
Author(s):  
Akshay Hinduja ◽  
Manju Pandey
Keyword(s):  
Decision Making ◽  
Decision Makers ◽  
Managerial Decision ◽  
Erp System ◽  
Intuitionistic Fuzzy ◽  
Decision Making Problem ◽  
Fuzzy Preference Relations ◽  
Priority Method ◽  
Selection Of

ERP system is a software package that integrates and manages all the facets of the business and deeply influences the success of a business endeavor. The increasing competition in the market, rapidly changing demands, and increasing intricacy of business procedures induce enterprises to adopt ERP solutions. Adopting an ERP solution increases synchronization between business activities and reinforces managerial decision-making. However, it also involves a large investment, a significant amount of human resources and time, and risk of failure. Therefore, the selection of an ERP solution is a crucial decision for enterprises. To address this decision-making problem, we propose a four-stage multi-criteria decision-making approach in this paper. Three prevalent MCDM techniques, DEMATEL, IF-ANP, and IF-AHP, are used in different stages of the methodology to achieve better outcomes. The methodology incorporates the intuitionistic fuzzy sets to capture uncertainty and hesitancy involved in decision makers’ judgments. In addition, we develop a novel priority method to derive weights from the intuitionistic fuzzy preference relations. To validate the feasibility of the proposed approach, a case study is carried out on the selection of cloud-based ERP system for SMEs in the Chhattisgarh state of India, which indicates that the proposed four-stage approach effectively handles the ERP selection problem.

The Role and Attitudes of Restorative Board Members: A Case Study of Volunteers in Community Justice

2004 ◽  
Vol 50 (4) ◽  
pp. 487-515 ◽  
Author(s):  
David R. Karp ◽  
Gordon Bazemore ◽  
J. D. Chesire
Keyword(s):  
Decision Making ◽  
Criminal Justice ◽  
Restorative Justice ◽  
Community Service ◽  
Decision Makers ◽  
Board Members ◽  
Community Justice ◽  
Board Membership ◽  
Community Volunteers

Criminal justice agencies often call for partnerships with the community. In restorative and community justice initiatives, citizen volunteers often serve as decision makers in nonadversarial sanctioning. Although prior research has reported the attitudes of other participants in restorative decision making, such as victims and offenders, none have examined those of community volunteers. We report on findings from a state-wide survey of volunteers serving on Vermont Reparative Probation Boards. In this program, board members meet with probationers to negotiate a “reparative contract” that may include apologies, restitution, community service, and other tasks. We found a board membership that is generally representative of the community, highly supportive of the program, and knowledgeable of restorative justice principles.

A CASE STUDY IN PARTICIPATORY ENVIRONMENTAL SYSTEMS ASSESSMENT WITH THE USE OF MULTIMEDIA MATERIALS AND QUANTITATIVE LCA

2007 ◽  
Vol 09 (04) ◽  
pp. 399-421 ◽  
Author(s):  
P. SINCLAIR ◽  
S. COWELL ◽  
R. LÖFSTEDT ◽  
R. CLIFT
Keyword(s):  
Decision Making ◽  
Life Cycle Assessment ◽  
Life Cycle ◽  
Effective Means ◽  
Decision Makers ◽  
Active Engagement ◽  
Environmental Decision Making ◽  
Environmental Systems ◽  
Structuring Knowledge

While participation in environmental decision-making is widely recognised and valued in democratic countries as beneficial, its format and scope have not always been the source of agreement. The use of environmental systems assessment (ESA) offers the opportunity for structuring knowledge and decision-making systematically and appropriately to decision makers' concerns, to enable lay publics to participate in development of policy and implementation in public sector initiatives. In order to perform participatory ESA, effective means of involving lay people are required. This paper describes the development and testing of an innovative interactive multimedia package (WOMBLE), written for non-experts to enable them to use the expert tool WISARD, a quantitative life cycle assessment package, to enable involvement in developing and assessing options for management of Municipal Solid Waste (MSW). It was shown that this combination of tools can reduce the time needed to achieve effective communication, learning and active engagement.

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