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Simple heuristics for push and pull remanufacturing policies

van der Laan, Erwin; Teunter, Teunter, R.H. - Erasmus Research Institute of Management (ERIM), … - 2004

Inventory policies for joint remanufacturing and manufacturing have recently received much attention. Most efforts, though, were related to (optimal) policy structures and numerical optimization, rather than closed form expressions for calculating near optimal policy parameters. The focus of...

Persistent link: https://www.econbiz.de/10010731341

Periodic Review, Push Inventory Policies for Remanufacturing

Fleischmann, Moritz; Mahadevan, B.; Pyke, Pyke, D.F. - Erasmus Research Institute of Management (ERIM), … - 2002

develop several heuristics based on traditional inventory models. We also investigate the performance of the system as a … and upper bounds on the optimal solution. We illustrate and explain some counter-intuitive results and we test the … performance of the heuristics on a set of sample problems. We find that the average error of the heuristics is quite low. …

Persistent link: https://www.econbiz.de/10011204317

The Relevance of MCDM for Financial Decisions

Spronk, Jaap; Hallerbach, Winfried - Erasmus Research Institute of Management (ERIM), … - 2002

For people working in finance, either in academia or in practice or in both, the combination of ?finance? and ?multiple criteria? is not obvious. However, we believe that many of the tools developed in the field of MCDM can contribute both to the quality of the financial economic decision making...

Persistent link: https://www.econbiz.de/10010837569

A Multidimensional Framework for Financial-Economic Decisions

Hallerbach, Winfried; Spronk, Jaap - Erasmus Research Institute of Management (ERIM), … - 2003

Most financial-economic decisions are made consciously, with a clear and constant drive to "good", "better" or even "optimal" decisions. Nevertheless, many decisions in practice do not earn these qualifications, despite the availability of financial economic theory, decision sciences and ample...

Persistent link: https://www.econbiz.de/10010731288

Experts' Stated Behavior

Franses, Philip Hans; Boulaksil, Boulaksil, Y. - Erasmus Research Institute of Management (ERIM), … - 2008

We ask various experts, who produce sales forecasts that can differ from earlier received model-based forecasts, what they do and why they do so. A questionnaire with a range of questions was completed by no less than forty-two such experts who are located in twenty different countries. We...

Persistent link: https://www.econbiz.de/10010731312

The Powerful Triangle of Marketing Data, Managerial Judgment, and Marketing Management Support Systems

van Bruggen, van Bruggen, G.H.; Smidts, Smidts, A.; … - Erasmus Research Institute of Management (ERIM), … - 2000

probability of biased decision processes (e.g., the inappropriate use of heuristics) thereby negatively affecting decision …

Persistent link: https://www.econbiz.de/10010731354

How Embodied Cognitions Affect Judgments: Height-Related Attribution Bias in Football Foul Calls

van Quaquebeke, van Quaquebeke, N.; Giessner, Giessner, S.R. - Erasmus Research Institute of Management (ERIM), … - 2010

Many fouls committed in football (called soccer in some countries) are ambiguous, and there is no objective way of determining who is the “true” perpetrator or the “true” victim. Consequently, fans as well as referees often rely on a variety of decision cues when judging such foul...

Persistent link: https://www.econbiz.de/10010731450

The Customer Cannot Choose

Donkers, Bas - Erasmus Research Institute of Management (ERIM), … - 2013

People can choose and they make many choices each and every day. However, most people are unaware of how strong their environment influences the choices they make. In his inaugural address, Bas Donkers highlights the impact of what people see (and what they don’t see), what people experience...

Persistent link: https://www.econbiz.de/10011149194

Using Preferred Outcome Distributions to Estimate Value and Probability Weighting Functions in Decisions under Risk

Donkers, Bas; dellaert, benedict g.c.; Lourenço, … - Erasmus Research Institute of Management (ERIM), … - 2013

In this paper we propose the use of preferred outcome distributions as a new method to elicit individuals’ value and probability weighting functions in decisions under risk. Extant approaches for the elicitation of these two key ingredients of individuals’ risk attitude typically rely on a...

Persistent link: https://www.econbiz.de/10011067477