Purpose – The purpose of this paper is to propose a method, derived from numerical evaluations on the criteria of security, frequency and detectability, of Failure Modes and Effects Analysis (FMEA), a probabilistic priority measure for potential failures; and to evaluate the use of this method...

Purpose – A review of the academic literature on managerial promotions reveals that there has been a limited number of studies conducted on this subject. This study aims to identify key determinants used by managers in making managerial promotion decisions via Bayesian networks. It also seeks...

Purpose – The last few years in the financial markets have shown great instability and high volatility. In order to capture the amount of risk a financial firm takes on in a single trading day, risk managers use a technology known as value‐at‐risk (VaR). There are many methodologies...

Purpose – The last few years in the financial markets have shown great instability and high volatility. In order to capture the amount of risk a financial firm takes on in a single trading day, risk managers use a technology known as value-at-risk (VaR). There are many methodologies available...

Purpose – The last few years in the financial markets have shown great instability and high volatility. In order to capture the amount of risk a financial firm takes on in a single trading day, risk managers use a technology known as value-at-risk (VaR). There are many methodologies available...

Purpose – The purpose of this paper is to consider probability analysis in the context of value and worth. Design/methodology/approach – The paper explains the Data table, an inbuilt function of Excel (and Lotus 123), that allows the user to put a table on the input screen and tests the...

To succeed, service businesses must offer their customers high‐quality, reliable service. However, many of the characteristics that make services unique also make it difficult to ensure consistently correct performance. To promptly identify and correct errors when they occur, service managers...