This paper surveys some economic applications of the decision theoretic framework pioneered by David Schmeidler. We have organized the discussion around three themes: financial markets, contractual arrangements and game theory. The first section discusses papers that have contributed to a better understanding of financial market outcomes based on ambiguity aversion. The second section focusses ...

Corporate governance is concerned with the institutions that influence how business corporations allocate resources and returns. A system of corporate governance shapes who makes investment decisions in corporations, what types of investments they make, and how returns from investments are distributed. Retained earnings—undistributed profits and capital consumption allowances—have always provid...

In the recent years banking and financial markets are trying to learn how Big Data can help to transform their processes and organizations, improving customer intelligence, reducing risks, and meeting regulatory objectives. The collection and the analysis of new legislations, understanding if they are introducing new aspects with potential impacts on different fields, could be the basis of a sy...

The transportation planning phases are generally examined in three groups, according to their contents, constant and variable factors, time dimensions, financial costs and decision-making levels: Strategic, tactical and operational levels. Network design and development, terminal capacity and location determination, marketplace selection and vessel fleet and working-power planning are problems ...

This study proposes simulation as a tool for transforming forecasted data into information that leaders can use to make strategic decisions. This study focuses on a health system’s strategic decision to meet future demand by either expanding an existing hospital or developing a new 700,000-square-foot, $500Mplus facility. The researcher extracted data from forecasting reports, translated the da...

The balanced scorecard (BSC) is a strategic management method that links performance measurement to vision and strategies using a multidimensional set of financial and non-financial performance metrics. Although several studies have combined the BSC method with multi-criteria decision analysis methodologies, most of the research efforts do not consider the essentials of strategic and performanc...

According to the competence-based theory, firm competencies are derived from capabilities that are unique in marketplace and are closely knitted within various business functions across the company. This paper provides a structured framework for evaluating the competencies of a firm using the Analytical Hierarchy Process (AHP). One distinctive feature of this framework is that a multi-criterion...

Organizations need to evaluate project proposals and select the ones that are the most effective in reaching the strategic goals by considering sustainability issue. In order to enhance the effectiveness and the efficiency of project oriented organizations, in this paper a new multi-objective decision making (MODM) approach of sustainable project portfolio selection is proposed which applies in...

The issue of whether firms are receiving an adequate return on their investment in information technology (IT) continues to pervade managerial decision making. While productivity and other financial metrics are established hallmarks of IT investment evaluation, research has called for broader and richer metrics that can take into account the diversity of IT impacts. In this paper, we extend pre...