System Dynamics is an alternative calculus that is intuitive and can be implemented on modern computers – models built with it are not abstract and can be verified. Using this alternative calculus, it proposes an alternative economics, whose actors are not rational agents, but managers. It is...

Humanitarian responses are complex and expensive. Response efforts, particularly, immediately after the disasters are further difficult and challenging. Due to the increasing accuracy and reliability of forecast of climate induced disasters, humanitarian agencies have initiated the...

The main objective of this paper is to develop and validate a methodology to select the most important key performance indicators from the balanced scorecard. The methodology uses and validates the implicit systemic hypothesis in the balanced scorecard model, together with a qualitative and...

The literature associated with system modeling and decision-making falls short in automating policy formation for correlated multiple-policy multiple-objective (MPMO) processes. Enthused by the effectiveness of multivariable control theory, this paper proposes the implementation of a...

We consider a firm that faces the following pricing and leadtime disclosure decision. Either, (1) offer the same price to all arriving customers and disclose no leadtime information, in which case customers know only an expected leadtime, or, (2) vary the price dynamically based on the current...

Entrepreneurship is becoming increasingly essential in this current era of the knowledge economy. It contributes to the innovation of products and services as well as improved processes. In the long-run, it can also improve the sustainability of the economy by depicting better efficiency and...

This special issue of Business Systems Research (SI of the BSR) is co-published by the Slovenian Society INFORMATIKA - Section for Operational Research (SSI-SOR) and highlights recent advances in Operations Research and Management Science (OR /MS), with a focus on linking OR /MS with other areas...

Background: Besides visiting the main tourist attractions in Slovenia, many tourists want to spend their free time in the countryside as well, but the number of farming establishments in Slovenia diminished distinctly in the last years. Objectives: This paper aims to develop a system dynamics...