The work desires: 1) to determine the optimum level of batch size in bottleneck facility; 2) to analyse the effect of common processes on throughput and cycle time in a multistage production system under machine breakdown and quality uncertainty. In this research, the authors developed...

Purpose – The main purposes of this paper are to enhance the understanding of commonality models in manufacturing resource planning by documenting the current state of affairs and to stimulate fruitful future research by identifying gaps between the relevant issues and the available academic...

Cumulative prospect theory introduced the weighting of probabilities as an additional component to capture risk attitudes. However, this addition would be a less significant challenge to expected utility theory (EU) if utility curvature and probability weighting showed strong positive...

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We study experimentally voluntary contributions to public goods when none, some, or all previous decisions are observable. When agents observe previous moves, they tend to condition their cooperation on observed cooperation. This leads to two effects of increased transparency: on the one hand,...

Consumer bankruptcy regulation in the United States as well as in many other countries allow consumers to petition for a partial debt discharge. Usually, a debt release is possible when the debtor behaves in the creditors’ best interest and after filing for bankruptcy signs over her entire...

In this article we discuss the complementarity of laboratory and field data. Experiments offer highly controlled environments that allow precise testing and causal inferences. Survey and field data on the other hand provide information on large and representative samples of people interacting in...