scholarly journals Strategy selection of inventory financing based on overconfident retailer

2021 ◽  
Vol 0 (0) ◽  
pp. 0
Author(s):  
Weifan Jiang ◽  
Jian Liu ◽  
Hui Zhou ◽  
Miyu Wan
Keyword(s):  
Decision Making ◽  
Stackelberg Game ◽  
Decision Variable ◽  
Market Demand ◽  
Business Decision ◽  
Game Analysis ◽  
Profit Functions ◽  
Inventory Financing ◽  
The Relationship ◽  
Selection Of

<p style='text-indent:20px;'>Overconfidence of financing enterprises in market demand will have a significant impact on their business decision-making and banks' decision-making. This paper constructs the demand function based on the retailer's overconfidence and establishes the profit functions of the retailer and the bank respectively. Through Stackelberg game analysis, the influence of the retailer's overconfidence on each decision variable can be analyzed. The study has the following findings. Firstly, overconfidence makes decision-making deviate from rational decision-making. Secondly, the relationship between loan-to-value ratio and overconfidence is affected by different factors when the banks know the market or do not understand the market. Thirdly, the relationship between retailer's default probability and overconfidence is different when the bank doesn't know the market or knows the market. Fourthly, when the bank does not understand the market but listen to the overconfident retailer's market analysis, he should choose fixed loan-to-value ratio for financing. The overconfident retailer can ask the bank to give a higher loan-to-value ratio to reduce the capital pressure. Fifthly, when the bank conducts market research, the bank should choose the variable loan-to-value ratio contract for financing, while the retailer only needs to make decisions according to the bank's lending strategy.</p>

scholarly journals Induced intuitionistic fuzzy ordered weighted averaging: Weighted average operator and its application to business decision-making

2014 ◽  
Vol 11 (2) ◽  
pp. 839-857 ◽  
Author(s):  
Zeng Shouzhen ◽  
Wang Qifeng ◽  
José Merigó ◽  
Pan Tiejun
Keyword(s):  
Decision Making ◽  
Weighted Average ◽  
Aggregation Operator ◽  
Weighted Averaging ◽  
Business Decision ◽  
Ordered Weighted Averaging ◽  
Intuitionistic Fuzzy ◽  
Fuzzy Weighted Average ◽  
Decision Making Problem ◽  
Selection Of

We present the induced intuitionistic fuzzy ordered weighted averaging-weighted average (I-IFOWAWA) operator. It is a new aggregation operator that uses the intuitionistic fuzzy weighted average (IFWA) and the induced intuitionistic fuzzy ordered weighted averaging (I-IFOWA) operator in the same formulation. We study some of its main properties and we have seen that it has a lot of particular cases such as the IFWA and the intuitionistic fuzzy ordered weighted averaging (IFOWA) operator. We also study its applicability in a decision-making problem concerning strategic selection of investments. We see that depending on the particular type of I-IFOWAWA operator used, the results may lead to different decisions.

Information Systems for the Management of the Organizations

2018 ◽  
pp. 313-346
Author(s):  
Antonio Juan Briones Penalver
Keyword(s):  
Decision Making ◽  
Global Economy ◽  
Relevant Information ◽  
First Century ◽  
Strategic Decision ◽  
Industrial Society ◽  
Strategic Decision Making ◽  
Relationship Of ◽  
The Relationship ◽  
Selection Of

This chapter investigates the main concepts and activities of information in strategic decision-making systems. Since information became the global economy value source for organizations, information assumes a key role in contributing to the development of the performance of organizations through the selection of relevant information for businesses. The relationship of the strategic management of information with business activities contributes to the process of strategic decision making for more effective and efficient decisions. The understanding of the importance of information as a strategic resource in the management of organizations is becoming more important to strategists than the formulation of strategy models of industrial society. In the twenty-first century, no manager will be able to set and implement the strategy successfully without a basic understanding of information for strategic decision making.

scholarly journals "DETERMINANTS OF PROFITABILITY: EVIDENCE FROM RUSSIAN AGRICULTURAL FIRMS"

2020 ◽  
Vol 13(62) (2) ◽  
pp. 167-176
Author(s):  
Deari Fitim ◽  
Alija Sadri ◽  
Valeriya V. Lakshina
Keyword(s):  
Decision Making ◽  
Agricultural Sector ◽  
Trade Credit ◽  
Working Capital ◽  
Financial Leverage ◽  
Business Decision ◽  
Leverage Ratio ◽  
Vital Importance ◽  
The Relationship

"The analysis of profitability and the factors that can influence it is of vital importance in business decision making. Thus, the purpose of this study is to examine the relationship between profitability and working capital, leverage, and net trade credit. The study is developed based on a sample of Russian firms, which operate in the agricultural sector, for the period from 2013 to 2017. The result denoted that firms were both, profitable and liquid ones, and bought more than sold on credit. Among other results, the study showed that more profitable firms operated with higher liquidity. Onward, the study suggested that firms should decrease the financial leverage ratio in order to increase profitability"

scholarly journals Decision making models in various fields of nursing

2019 ◽  
Vol 129 (3) ◽  
pp. 87-94
Author(s):  
Bogumiła Kosicka ◽  
Anna Ksykiewicz-Dorota ◽  
Kinga Kulczycka ◽  
Ewa Stychno ◽  
Katarzyna Piasecka ◽  
...  
Keyword(s):  
Decision Making ◽  
Validity And Reliability ◽  
Applied Model ◽  
Nursing Services ◽  
Effective Decision ◽  
Questionnaire Form ◽  
Decision Making Models ◽  
Effective Decision Making ◽  
The Relationship ◽  
Selection Of

Abstract Introduction. Identification of the process of decision making by nurses is a basis for better preparation of future nurses to an independent, and at the same time, effective decision making. This is related with the provision of high quality nursing services. Aim. The objective of the presented study was identification of the decision making models applied by Polish nurses, and investigation of the relationship between specificity of work in individual wards and the applied model of decision making. Material and methods. The research instrument was the Finnish 56-item questionnaire form examining decision making by nurses. This questionnaire was translated and adjusted to the Polish conditions, and its psychometric properties were confirmed concerning validity and reliability. The study covered nurses employed in conservative treatment wards (n=977), surgical wards (n=361) and intensive care units (n=293); a total number of 1631 Polish nurses employed in the hospitals was examined. Results. Analysis of data showed that nurses from various wards in the study applied four models of decision making: analytical, intuitive, analytical-intuitive, and intuitive-analytical. Selection of the model used was associated with the specificity of work in individual wards. Conclusions. The studies confirmed that during the process of decision making the nurses used both analytical and intuitive approaches, according to the type of ward and the specificity of the work of a nurse.

scholarly journals Integration Dematel and ANP for The Supplier Selection in The Textile Industry: A Case Study

2021 ◽  
Vol 20 (1) ◽  
pp. 119-130
Author(s):  
Dana Marsetiya Utama ◽  
Bianca Maharani ◽  
Ikhlasul Amallynda
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Textile Industry ◽  
Supplier Selection ◽  
Analytic Network Process ◽  
Product Price ◽  
Network Process ◽  
The Relationship ◽  
Selection Of

Currently, companies are required to improve supply chain performance. One of the main problems in the supply chain is the proper supplier selection. Supplier selection has an essential role in improving supply chain management performance. Supplier selection requires the proper criteria. However, the relationship between criteria is rarely considered in the selection of suppliers in the textile industry. This study tries to propose integrating the Decision Making Trial and Evaluation Laboratory (DEMATEL) and the Analytic Network Process (ANP) for supplier selection in the textile industry. Both methods are multi-criteria decision making (MCDM) tools DEMATEL is used to assess the relationship between criteria. Furthermore, ANP is used to evaluate and weigh the importance of criteria and suppliers. A case study was carried out in a textile company located in Indonesia. The results show that this procedure can identify the relationship and effect of each criterion. The results show that the product price criteria are the criteria that have the most significant weight. The criteria for conformity to specifications and consistency of quality are in second and third place. Finally, suppliers are selected based on weight assessment on each criterion by ANP.

scholarly journals RELATIONSHIP BETWEEN PSYCHOLOGICAL FEATURES OF PERSONALITY AND DECISION-MAKING STYLE IN PROFESSIONAL ACTIVITY

2021 ◽  
Vol 1 (45) ◽  
pp. 156
Author(s):  
A. V. Timakova ◽  
D. I. Fedorenko
Keyword(s):  
Decision Making ◽  
Professional Activity ◽  
Professional Activities ◽  
Theoretical Approaches ◽  
Uncertainty Intolerance ◽  
National Economic ◽  
Decision Making Styles ◽  
Psychological Features ◽  
The Relationship ◽  
Selection Of

Third year student, D. I. Fedorenko D. I. Relationship between psychological features of personality and decision-making style in professional activity / Kyiv National Economic University named after Vadym Hetman, Ukraine Kyiv. The article reveals the content of the concept and theoretical approaches to the selection of decision-making styles in professional activities. The psychological features of the personality that determine the choice of a certain style of decision making are considered. The results of an empirical study of the relationship between psychological characteristics of personality and decision-making style in professional activities are highlighted.Key words: decision-making style, psychological features of personality, locus-control, internality, externality, tolerance to uncertainty, intolerance to uncertainty, vigilance, avoidance, hypervigilance, procrastination.

Multi-Criteria Decision Making in Manufacturing Systems

2019 ◽  
pp. 80-107
Author(s):  
Hande Erdoğan Aktan ◽  
Ömür Tosun
Keyword(s):  
Decision Making ◽  
Industry 4.0 ◽  
Manufacturing Systems ◽  
Decision Makers ◽  
Smart Factory ◽  
Multi Criteria Decision Making ◽  
Structural Modelling ◽  
Location Selection ◽  
The Relationship ◽  
Selection Of

In this study, an Industry 4.0-oriented electronical goods producer company's smart facility location selection problem is analyzed. The proposed problem is evaluated under environmental, economic, social, and technological criteria. The relationship between criteria are analyzed with interpretive structural modelling (ISM) and Matrice d'Impacts Croisés-Multiplication Appliquée á un Classement (MICMAC) methods. ISM method is used to assess the mutual relation of the criteria and their dependencies, whereas the MICMAC method is used to identify the importance of criteria based on their driving and dependence power. It is expected the methods used in this study which are related to evaluation of the criteria affecting the selection of the plant for a smart factory and the results of it will be useful for decision-makers and practitioners to categorize and differentiate the criteria. This study will be one of the first spearheading research to evaluate the criteria for establishing a smart factory.

The Buying Decision-Making Process in the Selection of Device Suppliers in Reproductive Medicine

2021 ◽  
pp. 1-23
Author(s):  
Paulo Botelho Pires ◽  
António Correia Barros ◽  
Filipe Taveira Santos
Keyword(s):  
Decision Making ◽  
Medical Devices ◽  
Reproductive Medicine ◽  
Marketing Strategies ◽  
Decision Makers ◽  
Decision Making Process ◽  
The Third ◽  
Post Purchase ◽  
The Relationship ◽  
Selection Of

This study identifies the criteria underlying the buying decision-making process of medical devices in reproductive medicine. This research had three main objectives. The first one was to translate the criteria mentioned by the decision-makers into theoretical constructs, while the second objective was intended to establish the relationship between the constructs, creating a conceptual model of buying decision-making for medical devices in reproductive medicine. The third objective was to identify suitable business and marketing strategies for such a decision-making process. Four constructs were evaluated in the pre-purchase phase, namely the brand, the product's performance, the training associated with the product, and the price. In the post-purchase phase, decision-makers evaluated the following constructs: service provided by the company, the relationship with the salesperson, and loyalty. Regarding marketing strategies, market-orientation strategy, relationship-marketing strategy, and brand-equity strategy were identified as possible strategies.

scholarly journals Picture Fuzzy Maclaurin Symmetric Mean Operators and Their Applications in Solving Multiattribute Decision-Making Problems

2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Kifayat Ullah
Keyword(s):  
Decision Making ◽  
Erp Systems ◽  
Uncertain Environments ◽  
Maclaurin Symmetric Mean ◽  
Picture Fuzzy Set ◽  
Expert’S Opinion ◽  
Aggregation Of Information ◽  
Relationship Of ◽  
The Relationship ◽  
Selection Of

To evaluate objects under uncertainty, many fuzzy frameworks have been designed and investigated so far. Among them, the frame of picture fuzzy set (PFS) is of considerable significance which can describe the four possible aspects of expert’s opinion using a degree of membership (DM), degree of nonmembership (DNM), degree of abstinence (DA), and degree of refusal (DR) in a certain range. Aggregation of information is always challenging especially when the input arguments are interrelated. To deal with such cases, the goal of this study is to develop the notion of the Maclaurin symmetric mean (MSM) operator as it aggregates information under uncertain environments and considers the relationship of the input arguments, which make it unique. In this paper, we studied the theory of MSM operators in the layout of PFSs and discussed their applications in the selection of the most suitable enterprise resource management (ERP) scheme for engineering purposes. We developed picture fuzzy MSM (PFMSM) operators and investigated their validity. We developed the multiattribute decision-making (MADM) algorithm based on the PFMSM operators to examine the performance of the ERP systems using picture fuzzy information. A numerical example to evaluate the performance of ERP systems is studied, and the effects of the associated parameters are discussed. The proposed aggregated results using PFMSM operators are found to be reliable as it takes into account the interrelationship of the input information, unlike traditional aggregation operators. A comparative study of the proposed PFMSM operators is also studied.

scholarly journals Building a model of a problem situation in transport systems

2022 ◽  
Vol 14 (2) ◽  
pp. 4-9
Author(s):  
Viktor Aulin ◽  
◽  
Dmitrо Golub ◽  
Viktor Bilichenko ◽  
Artem Zamurenko ◽  
...  
Keyword(s):  
Decision Making ◽  
Transport System ◽  
Block Diagram ◽  
A Priori ◽  
Transport Systems ◽  
Problem Situation ◽  
Efficiency Criterion ◽  
Relationship Of ◽  
The Relationship ◽  
Selection Of

The approach to construction of model of a problem situation in transport system is resulted, the block diagram of its algorithm is developed. It is revealed that the transition stage from the problem to the formulation of formal tasks is a problem situation, and the tasks can be solved in different ways, forming a set of strategies. It is noted that in the general case the result of operations is uncertain, which is caused by the uncertainty of the conditions of the operation and the action of factors of different nature. It is revealed that the acquisition of values of indicators that characterize one or another result of the operation is associated with the solution of the problem of modeling operations. The stages of the problem of studying the efficiency of the operation in the transport system are given. A number of assumptions are made about the process of obtaining results, which is associated with the formation of the operation model and obtaining efficiency estimates based on modeling results, as well as the process of analyzing the results, which involves solving the selection problem based on the established efficiency criterion or system of such criteria. It is found that the model of the problem situation in transport systems reflects the relationship of the main elements of the decision-making process and the sequence of formation of partial tasks and is built to cover the problem of decision-making as a whole, to present its main elements to be finalized. about the strategy of the operation. It is shown that the presence of a certain component as an independent element in the model of the problem situation assumes that the set of values of uncertain factors in the development of solutions will be either set externally, or finding these values will be an independent task. A list of actions for solving partial problems based on this model is presented. It is shown that in many practical cases it is observed that the a priori task of one of the main criteria of efficiency leads to the selection of some set of alternatives. Therefore, the choice of the best alternative requires the formation of a compound criterion, which includes both formal and informal prescriptions for making a judgment on the basis of which the selection or return and correction of elements of the model of the problem situation.

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