Purpose – The purpose of this paper is to investigate how expert overconfidence and dependence affect the calibration of aggregated probability judgments obtained by various linear opinion‐pooling models. Design/methodology/approach – The authors used a large database containing...

Purpose – The purpose of this paper is to develop a forecasting model for retailers based on customer segmentation, to improve performance of inventory. Design/methodology/approach – The research makes an attempt to capture the knowledge of segmenting the customers based on various...

Purpose – The purpose of this paper is to propose a practical conceptualization of the balanced scorecard (BSC) to describe the mechanism producing creation of monetary value for hospitals in the territorial context of Lombardy region (Italy). Design/methodology/approach – The authors...

Purpose – A number of approaches have been suggested in the literature for maintenance performance measurement, including use of the balanced scorecard (BSC). However, its application towards assessing maintenance contribution to business objectives is limited. Currently, a framework...

Purpose – According to the literature, on an average, it takes around three to four years to develop a new product and about 50 percent of the costs incurred in product development (PD) tend to be spent on waste that occurs during the PD process. Hence, organizations are implementing various...

Purpose – Most of the proposed decision aid methods provide the user only with a prescriptive approach (quantitative analysis) without any descriptive approach (qualitative analysis). It is therefore not possible to justify and recommend ways of improvement. The purpose of this paper is to...

Purpose – The purpose of this paper is to study integrated inventory system and pricing and ordering strategy for vendor‐buyer supply chain system. Here, the vendor offers a trade credit to the buyer when the buyer's order quantity exceeds a given pre‐specified quantity. Therefore, to...