In this paper we present a general model that enables us to better understand the decision of a patient whether or not to participate in a treatment, and, if so, the optimal timing for the treatment, from his point of view. The model takes into account both "objective information" which...

The impact of a decision maker's risk aversion on the choice of an optimal sampling plan is empirically examined for various batch sizes and prior distributions of the process quality level. These plans are compared to those of the classical linear cost model. The comparisons show that...

This paper develops a model to study the stay/leave decisions of Air Force officers. The model includes the most important institutional factors affecting an officer's career: promotion probabilities and timing, regular force integration probabilities, and mandatory separation and retirement...

This paper describes a multiple competing technologies market penetration model which incorporates multiple attributes rather than strictly price into the market share allocation function. The model which is linear and deterministic was developed in response to the sponsor's request for a...

University administrators involved in budget planning must trade off variables such as faculty size, faculty salary increments, tuition increases, and investment in new initiatives. TRADES is a computer-based, interactive financial model designed to assist in making trade-offs and finding...

Project Appraisal Methodology (PAM) is a multidimensional, easy to use tool for assessing the relative merits of R&D projects. It requires users to estimate three vectors of economic and scoring values: energy benefits, consumer savings and societal factors. The Division of Fossil Fuel...

We consider a model of search when the distribution of prices (wages) is unknown. The effect of changing the objective function from minimizing expected cost to maximizing expected utility is examined.