INTRODUCTION In the preceding years to the terrorist attacks in the United States of September 11th, 2001, the chemical industry focused its process safety activities on accidental release risks. Rarely, if ever, was consideration given to the risk of intentional release, or beyond that, the differences in the nature of such a release. This was most likely due to a perception that these risks w...

Decision making whenever and wherever it is happened is key to organizations success. In order to make correct decision, individuals, teams and organizations need both knowledge management (to manage content) and collaboration (to manage group processes) to make that more effective and efficient. In this paper, we explain the knowledge management and collaboration convergence. Then, we propose ...

Computational models are like the new kids in town for the field of decision making. This field is largely dominated by axiomatic utility theories (Bell, Raiffa, & Tversky, 1998; Luce, 2000) or simple heuristic rule models (Gigerenzer, Todd, & the ABC Research Group, 1999; Payne, Bettman, & Johnson, 1993). It is difficult for “the new kids” to break into this field for a very important reason: ...

This paper proposes a method for ranking decision making units (DMUs) using some of the multiple criteria decision making / multiple attribute decision making          (MCDM /MADM) techniques, namely, interval analytic hierarchy process (IAHP)          and the technique for order preference by similarity to an ideal solution (TOPSIS).          Since the efficiency score of unity is assigned to ...

having knowledge about behavioral biases, investors are able to evaluate their decision process with more awareness and they can react much better when facing such biases, as a result decisions deviation will be minimized. in this study, 36 different behavioral biases have been categorized into 5 different groups to normalize the effective behavioral biases in the process of decision making of ...

introduction: it has been found that the decision-making process in medicine is affected, to a large extent, by one’s experience, individual mentality, previous models, and common habitual approaches, in addition to scientific principles. evidence-based medicine is an approach attempting to reinforce scientific, systematic and critical thinking in physicians and provide the ground for optimal d...

We propose a Markov Decision Process Model that blends ideas from Psychological research and Economics to study decision-making in individuals with self-control problems. have borrowed dual-process of self-awareness research, we introduce present bias inter-temporal preferences, phenomenon widely explored Economics. allow for both an exogenous endogenous, state-dependent, explore, by means nume...

In this paper, an incentive policy is proposed to coordinate ordering, lead time, and pricing strategies in a two-echelon manufacturing supply chain (SC) consisting of one manufacturer and one retailer. The system is faced with a stochastic demand which depends on both price and lead time. The manufacturer decides on production size and manufacturing acceleration rate while the retailer determi...

in recent decades, information technology systems and tools play an essential role in improving the method for responding the requests from managers. decision support system as an important tool has the fundamental role in organizations. in the team of software project allocating people to tasks has a noticeable effect on profits. a decision support system can help managers in making appropriat...