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 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 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.

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.

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.

Did Groupthink or Polythink Derail the 2016 Raqqa Offensive?

2019 ◽  
Author(s):  
Kasey Barr ◽  
Alex Mintz
Keyword(s):  
Decision Making ◽  
Group Dynamics ◽  
Decision Making Process ◽  
Islamic State ◽  
Study Analysis ◽  
Strategic Decisions ◽  
Case Study Analysis ◽  
The Us ◽  
Tactical Decisions

This chapter examines the effect of group dynamics on the 2016 decision within the administration of President Barack Obama to lead the international coalition in a mission to liberate Raqqa, Syria, from the Islamic State. The authors show that whereas the groupthink syndrome characterized the decision-making process of the US-led coalition’s decision to attack Raqqa, it was polythink that characterized the decision-making dynamics both in the US-led coalition and within the inner circle of Obama’s own foreign policy advisors. Through case-study analysis, the authors illustrate that groupthink is more likely in strategic decisions, whereas polythink is more likely in tactical decisions.

A Decision Methodology for Determining Suitable Post-Disaster Accommodations: Reconsidering Effective Indicators for Decision-making Processes

2020 ◽  
Vol 17 (3) ◽  
Author(s):  
S. M. Amin Hosseini ◽  
Albert de la Fuente ◽  
Oriol Pons ◽  
Carmen Mendoza Arroyo
Keyword(s):  
Decision Making ◽  
Case Studies ◽  
Natural Hazard ◽  
Recovery Process ◽  
Decision Making Process ◽  
Temporary Housing ◽  
Universal Approach ◽  
Decision Making Processes ◽  
Main Factors ◽  
Post Disaster

AbstractOne of the main challenges in assisting displaced persons who have lost their homes as a result of a natural hazard is the provision of adequate post-disaster accommodations, such as temporary housing. Although the need for temporary housing has increased around the world in recent years, it has been criticized on economic, environmental, and social grounds. A universal approach to post-disaster accommodations cannot successfully deal with this issue because each recovery process involves a unique set of conditions. Therefore, rather than defining a specific strategy, this study aims to present an approach capable of producing customized strategies based on contextual and social conditions. To this end, first, the main factors influencing the choice of post-disaster accommodations are identified through five case studies. It is concluded that all of the factors can be organized into three main vertices to simplify the highly complex issues involved in post-disaster accommodations. The case studies also show that the decision-making process consists of two main parts. To date, a recurring failure to distinguish between these two parts has led to unsuitable outcomes. Thus, this paper presents a new decision-making methodology, consisting of multiple steps, phases, and indicators based on the main vertices.

Benner’s Framework and Clinical Decision-Making in the Critical Care Environment

2016 ◽  
Vol 30 (1) ◽  
pp. 52-57 ◽  
Author(s):  
Kristi J. Stinson
Keyword(s):  
Decision Making ◽  
Critical Care ◽  
Clinical Experience ◽  
Strong Correlation ◽  
Clinical Decision Making ◽  
Clinical Decision ◽  
Decision Making Process ◽  
Clinical Experiences ◽  
Care Environment ◽  
Decision Making Processes

Completed as part of a larger dissertational study, the purpose of this portion of this descriptive correlational study was to examine the relationships among registered nurses’ clinical experiences and clinical decision-making processes in the critical care environment. The results indicated that there is no strong correlation between clinical experience in general and clinical experience in critical care and clinical decision-making. There were no differences found in any of the Benner stages of clinical experience in relation to the overall clinical decision-making process.

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