Decision Making in Rural Tourism Management

2018 ◽  
pp. 274-289 ◽  
Author(s):  
Ana Pego ◽  
Maria do Rosário Matos Bernardo
Keyword(s):  
Decision Making ◽  
Decision Process ◽  
Process Model ◽  
Process Models ◽  
Rural Tourism ◽  
Decision Making Process ◽  
Organizational Decision Making ◽  
Rural Organizations ◽  
Tourism Management ◽  
Decision Making Problem

Decision making is an important role performed by managers. This chapter will analyze the importance of information systems (IS) on the decision-making process at rural organizations in Portugal's Algarve region. Managers' perceptions were analyzed and compared with the decision-making process model proposed in this chapter, which was based on the models of Simon (1977) and Mintzberg, Raisinghani, and Theorêt (1976). This chapter will discuss the capacity of rural tourism organizations to solve problems, as well as review the time needed to solve problems through the use of IS. This chapter will conclude that IS in the organizational decision-making process is positively related to the identification of the decision-making problem and time needed to solve the problems. This investigation will allow other sectors the opportunity to discuss decision process models based on technology, information capability, and organizational competitiveness.

An Exploration of Five Stages in Faculty Retirement Decision Making

2020 ◽  
pp. 193672442098298
Author(s):  
Beverlee B. Anderson ◽  
Jennifer Jeffries ◽  
Janet McDaniel
Keyword(s):  
Decision Making ◽  
Qualitative Research ◽  
Decision Process ◽  
Process Model ◽  
Working Life ◽  
Substantial Portion ◽  
Retirement Decision ◽  
Faculty Retirement ◽  
Cognitive Decision

Humans make thousands of decisions each day. Most of the decisions we make are trivial or relatively unimportant in possible consequences. However, there are a few decisions we make in life that are lifechanging; one of those is the decision to retire from the professoriate. Voluntarily deciding to leave a profession where one has spent a substantial portion of one’s working life is one of life’s major decisions. This qualitative research looks at the various influences, actions, and feelings through the process of deciding to retire. Using a five-stage cognitive decision-process model as a framework, this paper reports on the reflections of 20 recent retirees over the five stages of the decision process from when first seriously considering the decision to postretirement activities and feelings. The results show that while all faculty progressed through the five stages, the timeframe, influences, feelings, and actions were unique to each individual.

Deterministic policies based on maximum regrets in MDPs with imprecise rewards

2021 ◽  
pp. 1-16
Author(s):  
Pegah Alizadeh ◽  
Emiliano Traversi ◽  
Aomar Osmani
Keyword(s):  
Decision Making ◽  
Decision Process ◽  
Process Models ◽  
Sequential Decision Making ◽  
Sequential Decision ◽  
Exact Procedure ◽  
Markov Decision ◽  
Intuitive Idea ◽  
First Time ◽  
Maximum Regret

Markov Decision Process Models (MDPs) are a powerful tool for planning tasks and sequential decision-making issues. In this work we deal with MDPs with imprecise rewards, often used when dealing with situations where the data is uncertain. In this context, we provide algorithms for finding the policy that minimizes the maximum regret. To the best of our knowledge, all the regret-based methods proposed in the literature focus on providing an optimal stochastic policy. We introduce for the first time a method to calculate an optimal deterministic policy using optimization approaches. Deterministic policies are easily interpretable for users because for a given state they provide a unique choice. To better motivate the use of an exact procedure for finding a deterministic policy, we show some (theoretical and experimental) cases where the intuitive idea of using a deterministic policy obtained after “determinizing” the optimal stochastic policy leads to a policy far from the exact deterministic policy.

An Evacuation Decision Making Model for Firefighters in Ad Hoc Robot Network

2013 ◽  
Vol 756-759 ◽  
pp. 504-508
Author(s):  
De Min Li ◽  
Jian Zou ◽  
Kai Kai Yue ◽  
Hong Yun Guan ◽  
Jia Cun Wang
Keyword(s):  
Decision Making ◽  
Markov Decision Process ◽  
Decision Process ◽  
Ad Hoc ◽  
Decision Making Process ◽  
Decision Method ◽  
Markov Decision ◽  
Critical Problems ◽  
Fire Scene ◽  
Decision Making Model

Evacuation for a firefighter in complex fire scene is challenge problem. In this paper, we discuss a firefighters evacuation decision making model in ad hoc robot network on fire scene. Due to the dynamics on fire scene, we know that the sensed information in ad hoc robot network is also dynamically variance. So in this paper, we adapt dynamic decision method, Markov decision process, to model the firefighters decision making process for evacuation from fire scene. In firefighting decision making process, we know that the critical problems are how to define action space and evaluate the transition law in Markov decision process. In this paper, we discuss those problems according to the triangular sensors situation in ad hoc robot network and describe a decision making model for a firefighters evacuation the in the end.

scholarly journals A Simulation of Crowd Behavior with Decision Making Process Model

2017 ◽  
Vol 32 (5) ◽  
pp. AG16-H_1-11
Author(s):  
Noriaki Nishikawa ◽  
Yuichi Hirokawa ◽  
Takeshi Yamada ◽  
Junji Innami ◽  
Toshiyuki Asano
Keyword(s):  
Decision Making ◽  
Process Model ◽  
Decision Making Process ◽  
Crowd Behavior

scholarly journals Integrated approach for risk management in servitization decision-making process

2020 ◽  
Vol 26 (7) ◽  
pp. 1949-1977 ◽  
Author(s):  
Sarra Dahmani ◽  
Xavier Boucher ◽  
Didier Gourc ◽  
Sophie Peillon ◽  
François Marmier
Keyword(s):  
Decision Making ◽  
Decision Process ◽  
Positive Impact ◽  
Practical Implication ◽  
Risk Identification ◽  
Decision Makers ◽  
Decision Making Process ◽  
Research Approach ◽  
Content Type ◽  
Action Research Approach

PurposeThe paper proposes an innovative systemic method helping decision-makers to control servitization transition process, through decision process risk diagnosis.Design/methodology/approachThe proposed method is based on the modeling of decision processes and risk identification and analysis. This method was based on an action-research approach, in close relationship with two companies (SMEs). The paper develops the feasibility experiment at Automelec company.FindingsThe method was successfully implemented and delivered concrete diagnosis results.Research limitations/implicationsThe generalization of the applicability of the method needs to be tested on several different cases.Practical implicationsThe first practical implication is related to the efficiency of the method to help decision-makers in a servitization context to limit uncertainty and get a global view of the weaknesses of their decision-making process, it raises their awareness about servitization transition for their companies. Furthermore, the method also helps to explain the strategy of a servitization transition. It enhances the level of maturity of the decision process of the company, and can be used as a training/learning tool for managers.Social implicationsThe results brought by the research contribute to give the decision-making boards for organization living a servitization transition and especially SMEs a better control over the servitization decision process and related risks, which will increase the economic stability of the company and its vision over long, medium and short horizons. This will bring positive impact on the overall economic and social environment and networks of the servitized SME, and enhance the confidence of coworkers, subcontractors and clients.Originality/valueThe first originality of the paper is related to the new way of considering risk, not only as an analysis criterion but as the central driver in steering a strategic transition for the company, such as servitization. The second originality of the study is about assessing risk occurrence over a decision-making process through decision reliability and decision confidence.

scholarly journals Logarithmic Hybrid Aggregation Operators Based on Single Valued Neutrosophic Sets and Their Applications in Decision Support Systems

Symmetry ◽  
2019 ◽  
Vol 11 (3) ◽  
pp. 364 ◽  
Author(s):  
Shahzaib Ashraf ◽  
Saleem Abdullah ◽  
Florentin Smarandache ◽  
Noor Amin
Keyword(s):  
Decision Making ◽  
Decision Process ◽  
Aggregation Operators ◽  
Decision Making Process ◽  
Practical Case ◽  
Multi Criteria Decision Making ◽  
Comparison Analysis ◽  
Negative Interaction ◽  
Positive Interaction ◽  
Neutrosophic Sets

Recently, neutrosophic sets are found to be more general and useful to express incomplete, indeterminate and inconsistent information. The purpose of this paper is to introduce new aggregation operators based on logarithmic operations and to develop a multi-criteria decision-making approach to study the interaction between the input argument under the single valued neutrosophic (SVN) environment. The main advantage of the proposed operator is that it can deal with the situations of the positive interaction, negative interaction or non-interaction among the criteria, during decision-making process. In this paper, we also defined some logarithmic operational rules on SVN sets, then we propose the single valued neutrosophic hybrid aggregation operators as a tool for multi-criteria decision-making (MCDM) under the neutrosophic environment and discussd some properties. Finally, the detailed decision-making steps for the single valued neutrosophic MCDM problems were developed, and a practical case was given to check the created approach and to illustrate its validity and superiority. Besides this, a systematic comparison analysis with other existent methods is conducted to reveal the advantages of our proposed method. Results indicate that the proposed method is suitable and effective for decision process to evaluate their best alternative.

scholarly journals University Endowment Committees, Modern Portfolio Theory and Performance

2020 ◽  
Vol 13 (9) ◽  
pp. 198
Author(s):  
Mimi Lord
Keyword(s):  
Decision Making ◽  
Decision Process ◽  
Portfolio Theory ◽  
Portfolio Diversification ◽  
Decision Making Process ◽  
Modern Portfolio Theory ◽  
Asset Classes ◽  
Decision Making Framework ◽  
And Performance

University endowments with broad portfolio diversification have been correlated with performance, but committees’ decision-making process has received relatively little attention. This study is unique in postulating that the committee’s learning commitment and open-mindedness are significant contributors to a decision process that is based on the principles of Modern Portfolio Theory (or, simply, Portfolio Theory). The use of Portfolio Theory as a decision-making framework leads to greater portfolio diversification, which, in turn, leads to higher risk-adjusted returns. This study also demonstrates that greater committee expertise across multiple asset classes contributes to more diversified portfolios.

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