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DECISION ANALYSIS ABSTRACTS
"Decision Models in Operations Management Issues: An Overview"
The Icfai Journal of Operations Management, Vol. 6, No. 4, pp. 7-26, November 2007
R. RAJA, Anand Institute of Higher Technology Email: rraja1966@rediffmail.com K. SURYAPRAKASA RAO, Anna University Email: ksprao@annauniv.edu
Decision modeling provides a systematic approach to decision making in the design and operation of manufacturing systems. These systems belong to the domain of Discrete Event Dynamic Systems (DEDS) in which the evolution of the system depends on the complex interactions of the timing of various discrete events, such as the arrival of raw work piece, departure of finished products, failure of machines, etc. Quantitative models such as Discrete Event Simulation, Markov chains, Stochastic Petri nets, Queues and Queuing network may be used to make decisions in a manufacturing system. There are many issues related to operations management. The major issues and challenges are process innovation, capabilities of new technologies, knowledge intensive process and job quality, economic incentives, manufacturing research and technological change. This paper gives a comprehensive coverage of these issues and challenges with respect to the literature on decision models, their applications in operations management issues and other related issues.
"Career Decision-Making: A Tool for Progress"
The Icfai University Journal of Soft Skills, Vol. II, No. 2, pp. 40-46, June 2008
SREE SAI LAKSHMI, The Icfai Business School Email: sailakshmi_p@hotmail.com CATHERINE JOSEPH, The Icfai Business School Email: cat_jos2000@yahoo.com
The first step in making a career decision is self-analysis. An in-depth knowledge of one's attitude, skills, principles, likes, etc., is necessary. For choosing one's career, a good decision needs to be made at an appropriate time, and this requires adequate skills. Every career requires skills and developing skills is a continuous process. Before choosing a career, one has to not only focus on the benefits but also make a self-analysis to check whether one's qualification and aptitude suits the chosen occupation. The decision-making process is framed according to the alternatives available rather than by relying on mere chance. From the beginning to the end, the decision-making process needs to balance between vital elements such as selection from various options and availability of opportunities.
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Solicitation of Abstracts
This abstracting journal distributes working and accepted papers that apply and extend the concepts of decision analysis within or beyond the boundaries of an organization to enrich our understanding of how to make better decisions. The journal welcomes research with a focus on the fundamental theory of decision-making and applications of decision analysis that involve novel methodologies, innovative assessment methods, or new problem domains. Topics of interest include, but are not limited to, algorithm development, chaotic systems, collaborative decision making, game theory, multi-criteria decision making, organizational decision making, inter-organizational decision making, as well as public policy decisions in various industries, such as airlines, biotechnology, consulting, e-commerce, energy, health care, manufacturing, pharmaceutical, process industries, services, software, and telecommunications.
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Directors
OPER SUBJECT MATTER EJOURNALS MICHAEL C. JENSEN
Harvard Business School, The Monitor Company, Social Science Electronic Publishing (SSEP), Inc. Email: mjensen@hbs.edu
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