Search results for "DECISION-MAKING"
showing 10 items of 309 documents
Life Cycle Costing: a tool to manage the urban water cycle
2013
The Water Framework Directive puts much emphasis on the role of economics for improving the management of water resources. In the context of the urban water cycle, previous studies have proven that Life Cycle Costing (LCC) is a useful methodology for assessing the costs of the whole cycle. However, there are many elements and factors that can influence the results of the LCC assessment and therefore affect the decision making process. The main aim of this study is to identify the main difficulties for carrying out LCC studies in the urban water cycle and to propose some solutions to overcome them. Hence, the conclusions obtained from the assessment of several case studies will be more robus…
Designing for Networked Community Resilience
2016
Abstract Communities have been described to be at the heart of the preparedness for and the response to disasters. The increasing connectedness has made communities more vulnerable for their dependence on a complex network of critical infrastructures. At the same time, this very connectedness has the potential to enable communities to self-organise, engage, and connect with other communities to improve their resilience. While the pathway to more resilience is promising and has many advocates, the response to crises and disasters, time and again reveals the challenges related to (i) ad-hoc switching from preparedness to response; (ii) ad-hoc connecting professional responders, communities, v…
Including the environmental criteria when selecting a wastewater treatment plant
2014
Abstract Life Cycle Assessment (LCA) is a methodology to generate environmental impact estimates associated with the life cycle stages of a product or process. The approach facilitates a more comprehensive outlook of the end-of-pipe process impacts, in which wastewater treatment plants (WWTPs) are included. Here we describe the implementation of the LCA methodology within a knowledge-based Decision support system (DSS) in order to include the environmental criteria to the decision making process when selecting the most appropriate process flow diagrams for specific scenarios. A sample group of 22 actual operating facilities in Spain, corresponding to five different typologies were assessed …
Relationship between employee involvement and lean manufacturing and its effect on performance in a rigid continuous process industry
2015
Relationship between employee involvement and lean manufacturing and its effect on performance in a rigid continuous process industry DOI: 10.1080/00207543.2014.975852 Juan A. Marin-Garciaa* & Tomas Bonaviab Received: 1 Aug 2013 Accepted: 30 Sep 2014 Published online: 04 Nov 2014 This research aims to empirically test the effect of employee involvement on lean manufacturing (LM), and the effect of LM on production outcomes. Employee involvement is operationalised through four related variables: empowerment, training, contingent remuneration and communication. The effects are tested by recording management perceptions in a different industrial sector from those usually studied in previous re…
Innovativeness and Family-Firm Performance: The Moderating Effect of Family Commitment
2016
The positive relationship between innovativeness and firm performance is well established and applies equally to all businesses, including family firms. However, little is yet known about how the unique characteristics of family firms influence this relationship. Drawing upon the resource-based view (RBV) of the firm, this study explains how the interplay between innovativeness as a firm-specific resource and family commitment as a family-specific resource affects performance. The analysis of longitudinal survey data collected from Finnish family firms demonstrates a curvilinear (U-shaped) moderating effect of the owner family’s commitment to the firm, in that the impact of innovativeness o…
Evolutionary Game Dynamics for Collective Decision Making in Structured and Unstructured Environments
2017
Abstract For a large population of players we consider a collective decision making process with three possible choices: option A or B or no option. The more popular option is more likely to be chosen by uncommitted players and cross-inhibitory signals can be sent to attract players committed to a different option. This model originates in the context of honeybees swarms, and we generalise it to accommodate other applications such as duopolistic competition and opinion dynamics. The first contribution is an evolutionary game model and a corresponding new game dynamics called expected gain pairwise comparison dynamics explaining how the strategic behaviour of the players may lead to deadlock…
Amidst Uncertainty–or Not? : Decision-Making in Early-Stage Software Startups
2019
It is commonly claimed that the initial stages of any startup business are dominated by continuous, extended uncertainty, in an environment that has even been described as chaotic. Consequently, decisions are made in uncertain circumstances, so making the right decision is crucial to successful business. However, little currently exists in the way of empirical studies into this supposed uncertainty. In this paper, we study decision-making in early-stage software startups by means of a single, in-depth case study. Based on our data, we argue that software startups do not work in a chaotic environment, nor are they characterized by unique uncertainty unlike that experienced by other firms. pe…
The Psychological Foundations of Management in Family Firms: Values, Biases, and Heuristics
2021
Considering the heterogeneity of family firm behaviors as reflecting the values, biases, and heuristics of individuals, we discuss the implications of the psychological foundations of management in family firms. We develop a conceptual framework for investigating how the values, biases, and heuristics of family and nonfamily members affect strategic decision-making and the outcomes of family firms. To advance the field, we put forward some relevant questions and offer a future research agenda at the intersection of the psychological foundations of management and family business.
Flexible negotiation process to adhere to human preferences; A case of work equipment risk assessment
2021
Making structured and reliable decisions on relevant business problems often requires expert assistance. In decision making practice, experts are frequently required to pairwise compare elements to support the decision made. This paper proposes a user-friendly negotiation procedure to establish an effective feedback relation with experts to globally increase the consistency of their pairwise comparisons judgments, where necessary. To this aim, we develop a flexible tool, which makes use of an algebraic consistency-improving algorithm and a sensitivity analysis technique to identify which judgments contribute most to inconsistency. The framework pursues friendliness for the involved decision…
To Calculate or To Follow Others : How Do Information Security Managers Make Investment Decisions?
2019
Economic models of information security investment suggest estimating cost and benefit to make an information security investment decision. However, the intangible nature of information security investment prevents managers from applying costbenefit analysis in practice. Instead, information security managers may follow experts’ recommendations or the practices of other organizations. The present paper examines factors that influence information security managers’ investment decisions from the reputational herding perspective. The study was conducted using survey questionnaire data collected from 106 organizations in Finland. The findings of the study reveal that the ability and reputation …