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 ...

This paper presents a hybrid neuro-fuzzy methodology to identify appropriate global logistics (GL) operational modes used for global supply chain management. The proposed methodological framework includes three main developmental phases: (1) establishment of a GL strategic hierarchy, (2) formulation of GL-mode identification rules, and (3) development of a GL-mode choice model. By integrating a...

in an arid country like kuwait with harsh and hot climate conditions, the scarcity of fresh water supplies presents a serious threat to sustainable socio-economic development and growth. kuwait is an oil rich country with capital abundance and coastal locations enabled it to build desalination plants for fresh water production that is sold to the customers at highly subsidized prices. however, ...

The decision making on selection of improvement solutions was one of the obstacles hampering the success of process improvement. This paper presents the House of Improvement (HOI) model as a guideline to link decision criteria for the prioritisation of improvement solutions. Three phases in the HOI are applied to facilitate selection and to ensure that suitable and value-added solutions are cho...

Now –adays the multi-criteria decision making methods are gaining importance for selection of best suited alternative among the available alternatives. Decision makers in the construction industry frequently face the problem of assessing a wide range of alternative options, and selecting one based on a set of conflicting criteria. MCDM methods are based on aggregating function representing “ cl...