Profession should not have to make decisions concerning rationing

Should families make health care decisions?

Better science does not make decisions easier

Forty years of development in the science and technology of estimating and quantifying risk, of understanding of human behaviour and human rationale has made decision makers more informed. We are in a much better position now, than forty years ago in estimating probabilities, consequences, and damages, and in estimating and dealing with the associated uncertainties in an organised way. This did...

How IRBs make decisions: should we worry if they disagree?

There is at present, far too little empirical research into the actual decision-making process of Institutional Review Boards (IRBs) and it is sobering to be reminded by Robert Klitzman’s article that while theoretical debates might rage and prove fertile ground for new theories and better ways of approaching research ethics; ethics committee members must try to make sense of these concepts and...

Using Markets To Make Decisions

Over the last decade considerable attention has been given to the possibilities of predicting political and other events by observing the outcome of appropriately designed experimental markets. In the Iowa Presidential Stock Market (cf. Forsythe et al. [1992]) the outcome of the U.S. presidential election was predicted successfully through observations of a stock market, where individual experi...

Service Level Based Capacity Rationing Procedure for Make-To-Order Manufacturing Systems

We extend a heuristic method within the framework of “dynamic capacity apportionment procedure” (DCAP) to allocate an existing capacity among the classes with different profit contributions. In general, DCAP is applied when some capacity shortage exists and can not be enhanced in short - run. Our proposed approach is constructed for a make - to - order manufacturing system that produces a varie...