Managerial Economics. Decision Making and Forward Planning

Managerial Decision Making

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The role of intuition in managerial decision-making: Islamic approach

Current theories argue that decision making is largely based on quick and intuitive processes.The results of study on topping organizations show that successful decision-makings are intuitive rather than rational. Therefore in recent years the issue of intuition and intuitive decision making as an effective management has attracted increasing attention in scientific circles and world-class rese...

Social-Organizational Knowledge and Managerial Decision-Making

Forward-Looking Decision Making

Hall, Robert Ernest, 1943– Forward-looking decision making : dynamic programming models applied to health, risk, employment, and financial stability / Robert E. Hall. p. cm. – (The Gorman lectures in economics) Includes bibliographical references and index. ISBN 978-0-691-14242-5 (alk. paper) 1. Households–Decision making–Econometric models. 2. Families–Decision making–Econometric models. 3. De...

Behavioral models of managerial decision-making

This paper reviews the literature that applies behavioral economic models to managerial decisions. It organizes the literature into research that focuses on alternative utility functions and research that focuses on non-equilibrium models. Generally, behavioral models have seen less application to manager decisions than to consumer decisions and therefore there are many opportunities to develop...