Decision-Making Process in Intermodal Transportation

2000 ◽  
Vol 1707 (1) ◽  
pp. 86-93 ◽  
Author(s):  
Dimitrios A. Tsamboulas ◽  
Seraphim Kapros
Keyword(s):  
Decision Making ◽  
Factor Analysis ◽  
Third Party ◽  
Decision Making Process ◽  
Intermodal Transportation ◽  
Transportation Services ◽  
Cost Criterion ◽  
And Performance ◽  
Logistic Support ◽  
A Minor

A methodological framework with models is provided, which correlates behavioral and perceptual issues related to the use of intermodal transportation with the commonly used physical and economic criteria in modal choice approaches. With factor analysis, key variables and common decision patterns related to the choice of intermodal transportation are identified. Factor analysis is applied to capture the actors’ perception of the importance of variables affecting the decision-making process. With multiple regression analysis, models simulating the decision-making process are developed for actor groups, utilizing actual quantitative data of cost and performance of intermodal transportation services. Three decision patterns and the respective actor groups’ profiles are identified. The first group consists of actors who decide almost exclusively according to the cost criterion; these actors are intensive users of intermodal transportation. The second group has actors who decide according to both quality and cost criteria; using intermodal transportation by this actor group constitutes a minor portion of its total transport volumes. The third group consists of actors who are influenced in their decisions by specific logistics needs, beyond the physical transportation activity itself. The offer of third-party end-haul operations or refrigerated storage areas is an example of such services, necessitating specific logistic support. For each actor group a model is developed, which associates values of the quantitative variables affecting the decision-making process with the share of intermodal transportation in the total volume of transport handled by the group. The application of the model defines the extent to which changes in the values of relevant variables may shift a decision toward the use of intermodal transportation.

scholarly journals Public Accountability in Collaborative Governance: Lessons from Korean Community Centers

2010 ◽  
Vol 25 (1) ◽  
pp. 143-173
Author(s):  
Eun Jae Ho
Keyword(s):  
Decision Making ◽  
Factor Analysis ◽  
Performance Management ◽  
Public Administration ◽  
Collaborative Governance ◽  
Decision Making Process ◽  
Incentive Systems ◽  
Governance System ◽  
Community Centers ◽  
And Performance

"Even the best governance and public administration systems can fail because of lack of accountability. This paper reviews the factors likely to affect the accountability of the collaborative governance system and suggests concrete measures to ensure accountability. As an empirical case of collaborative governance, 300 Korean community centers were sampled by region and by size. Exploratory Factor Analysis was conducted to identify the determinant factors for the accountability of collaborative governance. This analysis found the following factors to be the most important in ensuring accountability in a collaborative governance system: clarity of laws and regulations, representativeness of participants, transparency and democracy in the decision-making process, and performance management and incentive systems. The analysis also found that it is necessary to conceive different performance management and incentive systems for public and civil groups."

Modelling the Effects of Financial Services Advertising on Financial Product Purchase: An Empirical Validation

2019 ◽  
Vol 23 (4) ◽  
pp. 418-431
Author(s):  
Pallavi Dogra ◽  
Rishi Raj Sharma
Keyword(s):  
Decision Making ◽  
Factor Analysis ◽  
Financial Literacy ◽  
Financial Services ◽  
Service Providers ◽  
Decision Making Process ◽  
Celebrity Endorsement ◽  
Financial Decision Making ◽  
Perceived Reality ◽  
Financial Decision

The main aim of the study is to find the effect of the financial advertisement on the respondent’s information selection, processing and analysing it while making the financial purchase decisions. The study identified the important factors that affect the investment decision-making process and explored them by using the exploratory factor analysis. The conceptual model has been tested using the AMOS SEM software. The factor analysis identified the four important factors that are affecting the financial decision-making, that is, financial literacy, celebrity endorsement, perceived reality and entertainment. The hypothesis testing reveals that advertisement, perceived reality and entertainment are affecting the information processing and financial decision-making process, whereas financial literacy and celebrity endorsement do not have significant effects on the financial product purchase. The results are useful for the advertisers, policy makers and the financial service providers so as to increase the sale of financial products by focusing on the variables extracted by the research.

Contractor and supplier management: mitigating risk by better decision making

2012 ◽  
Vol 52 (2) ◽  
pp. 642
Author(s):  
Dag Yemenu ◽  
Richard Cerenzio
Keyword(s):  
Decision Making ◽  
Oil And Gas ◽  
Safety Management ◽  
Safety Data ◽  
Health And Safety ◽  
Leading Edge ◽  
Third Party ◽  
Driving Safety ◽  
Comprehensive Management ◽  
And Performance

Global industry trends show increased outsourcing of non-core business activities (i.e. construction, maintenance, engineering, etc.) to third-party contractors. Data from several industries show that contractors face 1.5–3 times higher incident rates than in-house employees. This extended abstract covers leading-edge approaches for managing contractor risk, presently implemented by organisations in the oil and gas, mining and manufacturing industries. Using a database of more than 35,000 contracting companies and 220 owner/operator companies, this extended abstract accumulates more than six years of extensive health and safety data to show trends associated with health and safety management and performance improvement. Using statistical analysis methods, actionable leading indicators and insightful trends are discussed. Best practices of contractor management and decision-making tools based on a comprehensive management-system approach to contractor-risk management are also examined. Discussed is a practical model to address the following key elements: Gathering, reviewing and verifying contractor information as part of the due-diligence process. Analysing leading and lagging performance indicators. Driving safety through feedback, benchmarking, and continual improvement.

scholarly journals University Endowment Committees, Modern Portfolio Theory and Performance

2020 ◽  
Vol 13 (9) ◽  
pp. 198
Author(s):  
Mimi Lord
Keyword(s):  
Decision Making ◽  
Decision Process ◽  
Portfolio Theory ◽  
Portfolio Diversification ◽  
Decision Making Process ◽  
Modern Portfolio Theory ◽  
Asset Classes ◽  
Decision Making Framework ◽  
And Performance

University endowments with broad portfolio diversification have been correlated with performance, but committees’ decision-making process has received relatively little attention. This study is unique in postulating that the committee’s learning commitment and open-mindedness are significant contributors to a decision process that is based on the principles of Modern Portfolio Theory (or, simply, Portfolio Theory). The use of Portfolio Theory as a decision-making framework leads to greater portfolio diversification, which, in turn, leads to higher risk-adjusted returns. This study also demonstrates that greater committee expertise across multiple asset classes contributes to more diversified portfolios.

scholarly journals Mechanisms Underlying Age- and Performance-related Differences in Working Memory

2011 ◽  
Vol 23 (6) ◽  
pp. 1298-1314 ◽  
Author(s):  
Kirk R. Daffner ◽  
Hyemi Chong ◽  
Xue Sun ◽  
Elise C. Tarbi ◽  
Jenna L. Riis ◽  
...  
Keyword(s):  
Decision Making ◽  
Working Memory ◽  
Right Hemisphere ◽  
Age Groups ◽  
Task Demands ◽  
Decision Making Process ◽  
High Performing ◽  
Young Subjects ◽  
And Performance ◽  
P3 Component

This study took advantage of the subsecond temporal resolution of ERPs to investigate mechanisms underlying age- and performance-related differences in working memory. Young and old subjects participated in a verbal n-back task with three levels of difficulty. Each group was divided into high and low performers based on accuracy under the 2-back condition. Both old subjects and low-performing young subjects exhibited impairments in preliminary mismatch/match detection operations (indexed by the anterior N2 component). This may have undermined the quality of information available for the subsequent decision-making process (indexed by the P3 component), necessitating the appropriation of more resources. Additional anterior and right hemisphere activity was recruited by old subjects. Neural efficiency and the capacity to allocate more resources to decision-making differed between high and low performers in both age groups. Under low demand conditions, high performers executed the task utilizing fewer resources than low performers (indexed by the P3 amplitude). As task requirements increased, high-performing young and old subjects were able to appropriate additional resources to decision-making, whereas their low-performing counterparts allocated fewer resources. Higher task demands increased utilization of processing capacity for operations other than decision-making (e.g., sustained attention) that depend upon a shared pool of limited resources. As demands increased, all groups allocated additional resources to the process of sustaining attention (indexed by the posterior slow wave). Demands appeared to have exceeded capacity in low performers, leading to a reduction of resources available to the decision-making process, which likely contributed to a decline in performance.

Quantifying Access Management on Arterial Roadways

2018 ◽  
Vol 2672 (17) ◽  
pp. 129-139
Author(s):  
Lacy S. Brown ◽  
Karen K. Dixon ◽  
H. Gene Hawkins
Keyword(s):  
Decision Making ◽  
Large Scale ◽  
Decision Making Process ◽  
Transportation Industry ◽  
Access Management ◽  
Subjective Assessments ◽  
Delay Increase ◽  
Management Project ◽  
Land Use Development ◽  
And Performance

Research suggests that successfully implemented access management programs can reduce delay, increase capacity, and improve safety performance on single roadway segments and across larger roadway networks. However, quantifying how access management, as a single entity, might affect a transportation system is difficult because countless combinations of strategies can be implemented. Consequently, large-scale access management decisions are often based on subjective assessments and the engineering judgment of practitioners and decision makers. There is a need for a standard, objective, and quantifiable approach to evaluating the impacts and performance of large-scale access management applications. This paper presents a quantitative method for evaluating an access management project on factors including operations; safety; impacts to adjacent land uses; and bicycle, pedestrian, and transit facilities. The result is an access management rating (AMR), a numerical value that allows for straightforward comparisons between corridors or between design alternatives on the same corridor. The proposed methodology eliminates the subjective component of the decision-making process while maintaining enough flexibility to be tailored to a specific agency’s needs and priorities. By improving the consistency of access management evaluations, the decision-making process will be streamlined, funding will be allocated to projects with the greatest needs and opportunities for improvement, and the entire transportation industry will benefit from improved safety, operations, and land use development.

scholarly journals Third party logistics companies’ activities and selection methods

2016 ◽  
Author(s):  
Aleksandrs Kotlars ◽  
Valerijs Skribans
Keyword(s):  
Decision Making ◽  
Evaluation Criteria ◽  
Multiple Criteria Decision Making ◽  
Third Party ◽  
Strategic Decision ◽  
Selection Methods ◽  
Transportation Services ◽  
Operational Activities ◽  
Integration Levels ◽  
Selection Of

The purpose of a study is to compare and assess 3PL companies’ selection methods by researching evaluation criteria of 3PL companies and approaches of these criteria’s classification used by companies who outsource logistics and transportation services to third parties. Objective of a study is, foremost, to investigate 3PL companies’ selection methods proposed by leading specialists in field of logistics. Additionally, investigate operational activities, integration levels and core services provided by logistics companies in Europe with an emphasis on 3PL companies. The key finding of a study is that Multiple-criteria decision-making analyses are widely used in order to support strategic decision making in selection of 3PL companies.

Does Your Organization Have the Right Climate for Merit?

1987 ◽  
Vol 16 (2) ◽  
pp. 127-133 ◽  
Author(s):  
Barry Wisdom ◽  
Dennis Patzig
Keyword(s):  
Decision Making ◽  
Organizational Climate ◽  
Decision Making Process ◽  
The Public ◽  
And Performance ◽  
Merit Systems ◽  
The Individual ◽  
The Right ◽  
Performance Results ◽  
The Relationship

The success of merit systems is closely linked to the establishment of key expectations in the minds of employees concerning the relationship between pay and performance. Results of a national survey suggest that different expectations are being formed in the public versus the private sectors. The role organizational climate plays in this finding and in the individual employee's decision making process regarding effort expended at work is modeled and discussed. Suggestions for fostering merit success are also addressed.

scholarly journals Patient Decision Making Prior to Radical Prostatectomy

2016 ◽  
Vol 11 (1) ◽  
pp. 108-115 ◽  
Author(s):  
Çağatay Doğan ◽  
Hamza M. Gültekin ◽  
Sarper M. Erdoğan ◽  
Hamdi Özkara ◽  
Zübeyr Talat ◽  
...  
Keyword(s):  
Prostate Cancer ◽  
Decision Making ◽  
Telephone Interview ◽  
Third Party ◽  
Decision Making Process ◽  
Patient Decision Making ◽  
Patient Decision ◽  
Number Of Patients ◽  
Treatment Alternatives ◽  
Critical Aspects

The current study assessed the decision-making process before surgery in prostate cancer patients. A structured telephone interview was conducted by an independent third party in 162 consecutive patients who underwent surgery for prostate cancer. Responders revealed that details regarding diagnosis and treatment alternatives were withheld from a significant number of patients. Radiation and active surveillance were presented as alternative options to surgery in 57 (39%) and 20 (14%) of responders, respectively. Twenty-six (18%) patients reported not being informed regarding potential surgical side effects. Patients were not active participants in critical aspects of decision making in 61 (42%) of the cases. Being inadequately informed and more frequent visits to the urologist appeared to make decisions more difficult. Treatment regret was reported by 23 (16%) of the patients who underwent surgery and was more common when the patient was not involved in the decision or was inadequately informed. As such, shared decision making should replace paternalism when managing patients with localized prostate cancer in urologic practice.

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