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Books > Business & Economics > Business & management > Management & management techniques > Management decision making
Business ideas and practices are constantly changing, but no manager has the time to read all the business books and articles that come out in a year. In this book, Ian Mann does all the work for you, trawling through recent business publications and distilling the most important new insights and developments. Topics include:
This is the ideal book for people who want an easy way to keep up with the latest developments in business and management as these ideas are explained in a clear, comprehensible way, and presented in easily digestible chapters.
Appendices A Rotastore A. l Tabular Results for Different Models A. 2 Tabular Results for Different Algorithms B OptiTrans B. l Input Data B. l. l Input Data Common to all Solution Approaches B. 1. 2 Specific Input Data for the MILP Model and the Column Enumeration Approach B. 1. 3 Specific Input Data for the Heuristic Methods B. 1. 3. 1 Penalty Criteria B. 1. 3. 2 Control Parameters of the OptiTrans Software B. 2 Tabular Results B. 2. 1 Tabular Results for the MILP Model B. 2. 2 Tabular Results for the Heuristic Methods B. 2. 2. 1 Input Data for a Whole Day - Offline Analysis B. 2. 2. 2 Results for CIH and SA References Index Preface This book covers the analysis and development of online algorithms involving exact optimization and heuristic techniques, and their appli- tion to solve two real life problems. The first problem is concerned with a complex technical system: a special carousel based high-speed storage system - Rotastore. It is shown that this logistic problem leads to an NP-hard Batch Presorting Pr- lem (BPSP) which is not easy to solve optimally in offline situations. We consider a polynomial case and develope an exact algorithm for offline situations. Competitive analysis showed that the proposed online - gorithm is 312-competitive. Online algorithms with lookahead improve the online solutions in particular cases. If the capacity constraint on additional storage is neglected the problem has a totally unimodular polyhedron.
On the basis of fuzzy sets and some of their relevant generalizations, this book systematically presents the fundamental principles and applications of group decision making under different scenarios of preference relations. By using intuitionistic knowledge as the field of discourse, this work investigates by utilizing innovative research means the fundamental principles and methods of group decision making with various different intuitionistic preferences: Mathematical reasoning is employed to study the consistency of group decision making; Methods of fusing information are applied to look at the aggregation of multiple preferences; Techniques of soft computing and optimization are utilized to search for satisfactory decision alternatives. Each chapter follows the following structurally clear format of presentation: literature review, development of basic theory, verification and reasoning of principles , construction of models and computational schemes, and numerical examples, which cover such areas as technology, enterprise competitiveness, selection of airlines, experts decision making in weather-sensitive enterprises, etc. In terms of theoretical principles, this book can be used as a reference for researchers in the areas of management science, information science, systems engineering, operations research, and other relevant fields. It can also be employed as textbook for upper level undergraduate students and graduate students. In terms of applications, this book will be a good companion for all those decision makers in government, business, and technology areas.
Decision Making in Manufacturing Environment Using Graph Theory and Fuzzy Multiple Attribute Decision Making Methods presents the concepts and details of applications of MADM methods. A range of methods are covered including Analytic Hierarchy Process (AHP), Technique for Order Preference by Similarity to Ideal Solution (TOPSIS), VIsekriterijumsko KOmpromisno Rangiranje (VIKOR), Data Envelopment Analysis (DEA), Preference Ranking METHod for Enrichment Evaluations (PROMETHEE), ELimination Et Choix Traduisant la Realite (ELECTRE), COmplex PRoportional ASsessment (COPRAS), Grey Relational Analysis (GRA), UTility Additive (UTA), and Ordered Weighted Averaging (OWA). The existing MADM methods are improved upon and three novel multiple attribute decision making methods for solving the decision making problems of the manufacturing environment are proposed. The concept of integrated weights is introduced in the proposed subjective and objective integrated weights (SOIW) method and the weighted Euclidean distance based approach (WEDBA) to consider both the decision maker's subjective preferences as well as the distribution of the attributes data of the decision matrix. These methods, which use fuzzy logic to convert the qualitative attributes into the quantitative attributes, are supported by various real-world application examples. Also, computer codes for AHP, TOPSIS, DEA, PROMETHEE, ELECTRE, COPRAS, and SOIW methods are included. This comprehensive coverage makes Decision Making in Manufacturing Environment Using Graph Theory and Fuzzy Multiple Attribute Decision Making Methods a key reference for the designers, manufacturing engineers, practitioners, managers, institutes involved in both design and manufacturing related projects. It is also an ideal study resource for applied research workers, academicians, and students in mechanical and industrial engineering.
The best way to learn how to navigate change successfully is to look at practical examples of change management programmes. Organizational Change Explained shares stories and insights from experienced change practitioners so professionals can reflect on their own work, respond critically to what others have done, and take away new tools and techniques to apply to their own change management practice. The book includes a range of cases from different sectors and countries including GlaxoSmithKline and the NHS to offer insights no matter the scale of the change management programme. Organized around central themes such as shaping and design, change leadership, and communication and engagement, Organizational Change Explained presents each case alongside an introduction, conclusion, list of key learning points, questions for reflection and sources of further reading. The book is invaluable to anyone tasked with leading or managing change within their teams, projects, departments or divisions, whether at local level or across geographic locations, countries and cultures.
Eurocorridors are characterized by intensive transport flows and dynamic patterns of establishment and household locations. They are also considered the backbones of powerful spatial and economic forces in the areas that connect urban regions. One of the main difficulties in the spatial planning of eurocorridors has been the need to engage in different types of collective action. Such an approach can be extremely challenging in practice, useful to researchers in the fieldand to professionals as well. In the light of this, the book s main objectives are: - To define the problem by analyzing the key features, which include freight and passenger transport policies and issues; the territorial context, with its geographical, social, economic and cultural aspects; the plurality of subjects with different aims and resources and the lack of homogeneous information. - To illustrate assessment models and evaluation frameworks (MCDA; Discrete Choice Analysis; Collaborative Assessments; Geovisualization Technologies) in theoretical terms and by the use of case studies."
Economic players must often choose between several strategic options in a fierce competitive environment where interactions with competitors make decisions particularly complex. Game theory offers useful insights to choose an optimal decision or at least a basis for making rational decision given the constraints of the stakeholders' environment. In presenting the concepts and the logical structure of the reasoning offered by game theory and their applications, the book explains the rational process of decision making in the framework of firm management and market competition. By avoiding the usual complexity of presentation often due to mathematical formalism, the book proposes a reflection and practical insights of game theory for practitioners (managers, strategists) and social, managerial and economic researchers. The book will expose both general teachings and a comprehensive analysis applied to specific case studies of various sectors of the economy.
West Point is the ideal laboratory for studying the dynamics of character, honor, and leadership: first, it operates a comprehensive honor education and enforcement program that has been subjected to rigorous Congressional scrutiny; second, it builds all of its academic, athletic, and military programs on this bedrock of honor. As a result, West Point invests heavily in mentoring, training, and evaluation to ensure the leadership and character development of its 4,000 cadets. From Civil War General Robert E. Lee to astronaut Edwin E. Buzz Aldrin to basketball coach Mike Krzyzewski, West Point has groomed leaders whose contributions far exceed the successful management of their immediate charges. By illuminating the principles by which West Point teaches leadership, "Stand Your Ground" not only provides a unique tour behind the scenes at this revered institution, but, more generally, imparts lessons of honor and character-building that can be adopted by any aspiring leader. Management professor and West Point graduate Evan Offstein approached leaders at the U.S. Military Academy and the Department of the Army with two primary questions: (1) How does West Point develop its leaders?; (2) Can other individuals and organizations apply these methods effectively? Two years later, after conducting extensive on-site research at West Point and with business leaders in a variety of industries, he offers unprecedented access to the process of leadership development at West Point, and practical insights that can, indeed, be applied in any type of organization that strives to operate on the principle of integrity.
Game theory is a key element in most decision-making processes involving two or more people or organisations. This book explains how game theory can predict the outcome of complex decision-making processes, and how it can help you to improve your own negotiation and decision-making skills. It is grounded in well-established theory, yet the wide-ranging international examples used to illustrate its application offer a fresh approach to an essential weapon in the armoury of the informed manager. The book is accessibly written, explaining in simple terms the underlying mathematics behind games of skill, before moving on to more sophisticated topics such as zero-sum games, mixed-motive games, and multi-person games, coalitions and power. Clear examples and helpful diagrams are used throughout, and the mathematics is kept to a minimum. It is written for managers, students and decision makers in any field.
This revised and updated fifth edition of Accounting for Managers builds on the international success of the previous editions in explaining how accounting is used by non-financial managers. Emphasizing the interpretation rather than the construction of accounting information, Accounting for Managers encourages a critical, rather than an unthinking acceptance of accounting techniques. Whilst immensely valuable for planning, decision-making and control, users of accounting information need to recognize the assumptions behind, and the limitations of particular accounting techniques. As in the previous editions, the book links theory with practical examples and case studies drawn from real business situations across a wide range of manufacturing, retail and service industries.
The study of complex systems attracts the attention of many researchers in diverse fields. Complex systems are characterized by a high number of entities and a high degree of interactions. One of the most important features is that they do not involve a central organizing authority, but the various elements that make up the systems are self-organized. Moreover, some complex systems possess an emergency priority: climate change and sustainable development research, studies of public health, ecosystem habitats, epidemiology, and medicine, among others. Unfortunately, a great number of today's overlapping approaches fail to meet the needs of decision makers when managing complex domains. Indeed, the design of complex systems often requires the integration of a number of artificial intelligence tools and techniques. The problem can be viewed in terms of goals, states, and actions, choosing the best action to move the system toward its desired state or behavior. This is why agent-based approaches are used to model complex systems. The main objective of this book is to bring together existing methods for decision support systems creation within a coherent agent-based framework and to provide an interdisciplinary and flexible methodology for modeling complex and systemic domains.
"Kolb and Overdahl have produced a clear and well-written introduction to derivatives that should serve as a useful foundational text. Their mixture of mechanics, pricing, and risk management is as well-balanced as their blend of theory and practical applications." "The third edition of Kolb and Overdahl presents a nice blend of theory and application of financial derivatives. The concise anthology introduces institutional background and valuation issues and then shows how each instrument can be used to manage risk. This book is sure to be of interest to risk managers as well as business students about to embark on their finance careers." "Financial Derivatives is an excellent, accessible introduction to some of the fastest growing markets in modern finance. Kolb and Overdahl clearly explain the uses (as well as the problems underlying several well-publicized abuses) of financial derivatives as risk management tools. Practitioners, regulators, and students of finance will all profit from exercising their option to acquire this book."
NEW from the bestselling HBR's 10 Must Reads series. Learn why bad decisions happen to good managers--and how to make better ones. If you read nothing else on decision making, read these 10 articles. We've combed through hundreds of articles in the Harvard Business Review archive and selected the most important ones to help you and your organization make better choices and avoid common traps. Leading experts such as Ram Charan, Michael Mankins, and Thomas Davenport provide the insights and advice you need to: * Make bold decisions that challenge the status quo * Support your decisions with diverse data * Evaluate risks and benefits with equal rigor * Check for faulty cause-and-effect reasoning * Test your decisions with experiments * Foster and address constructive criticism * Defeat indecisiveness with clear accountability Looking for more Must Read articles from Harvard Business Review? Check out these titles in the popular series: HBR's 10 Must Reads: The Essentials HBR's 10 Must Reads on Communication HBR's 10 Must Reads on Collaboration HBR's 10 Must Reads on Innovation HBR's 10 Must Reads on Leadership HBR's 10 Must Reads on Managing Yourself HBR's 10 Must Reads on Strategic Marketing HBR's 10 Must Reads on Teams
Don Lamberton was one of the first scholars to recognise the need for information to be taken seriously, he has spent much of his career persuading others. Focusing on his contribution, this volume explores the struggle for recognition of a way of thinking which is fundamental to our understanding of the social and economic role of information. Each of the thirty authors, prominent in information economics and related fields have written a contribution especially for this volume. Vital issues, central to Lamberton's concerns and often ignored in euphoric approaches to information - the plight of the information poor, the poverty of information policy, the future of universal service, quality of employment, organisational and market failure to effect information transactions, the role of information in economic development, problems of codifying, classifying and managing information, the limitations of information systems - are emphasised throughout. The whole encapsulates the vast progress which has been made, not just in academic thinking about information, but in the part this thinking now plays in corporate strategy and government policy. The volume is both an affectionate account of Don Lamberton's contribution to the understanding of information, and also the most comprehensive and authoritative of collections on the social and economic significance of information.
Could the terrorist attacks on the Twin Towers have been avoided? What about the control failures in the recent global financial crisis? Behind these apparently very different events, it is possible to identify a common element of organizational myopia - a syndrome that severely limits the capacity of organizations to foresee the effects of their own decisions and to recognize signs of danger or opportunity. Organizational Myopia explores the barriers that impede organizations from identifying an effective response to the problems that they have to confront. Using real-world cases, the author investigates the mechanisms that generate myopia in organizations at the individual, organizational, and interorganizational level in contexts that are complex, uncertain, ambiguous, and changeable. This book will help readers understand how to limit the origins of myopia and therefore increase the capacity of organizations to anticipate and contain unexpected events.
The Chief Information Officer's influence in the business organization has been waning for years. The rest of the C-suite has come to regard Information Technology as slow, costly, error-prone, boring, and unresponsive to business needs. This perception blinds company leaders to the critical value IT can deliver and threatens the competitive health and long-term survival of their enterprise. The modern CIO must reassert the operational and strategic importance of technology to the enterprise and reintegrate it with every department and level of the business from boardroom to mailroom. IT leaders must design, sell, and implement a vigorous culture of IT competence and innovation that pervades the enterprise. The culture must be rooted in bidirectional exchange across organizations and C-level policies that drive technology innovation as the engine of business innovation. The authors, international IT strategists and innovators, quantify the benefits and risks of IT innovation, survey and rank the myriad innovation opportunities from mature, new, and emerging technologies, and identify the organizational structures and processes that have been proven to deliver ongoing innovation.Buttressing their brief with dozens of case studies and specific examples, The Innovative CIO shows you how to: * Take advantage of the IT and business innovation opportunities created by new and emerging technologies * Shift IT innovation from afterthought to prime mover in strategic business planning * Inject IT into the dynamic core of your organization's culture, training, structure, practice, and policy What you'll learn * Grasp the business basics of new information technologies: * Virtualization * Cloud Computing * Consumer-Driven IT * Bring-Your-Own-Device * Personalization * Process Automation * Mobile Computing * E-Commerce * Big Data and Analytics * Social Networking * E-Collaboration * Judge the business opportunities presented by new and emerging technologies. * Deploy new technologies to create and release new products. * Use new technologies to penetrate and capture new markets. * Harness new technologies to accelerate M&A time-to-value and add shareholder value. * Apply new technologies to improve staff retention and productivity.Who this book is for The Innovative CIO targets all IT leaders--not only CIOs, but also VPs and directors of IT and IT operations, datacenter managers, and all other IT leaders who aspire to advance their careers as IT-providers to business leaders. This book serves secondarily as a guide to non-IT business leaders who are alert to the ways that IT can boost their abilities to innovate, to turbocharge their products, services, and processes, and to compete nimbly in fast-changing markets. Table of Contents * Innovation Matters * Stories from the Trenches * Innovation Is Not the Only I * Business Innovation vs. IT Innovation * Pull and Push * Opportunities to Innovate Today * Innovating with Consumer-Driven IT * Opportunities to Innovate Tomorrow * Making Innovation Intentional * Connecting IT Innovation with Business Value * The Dirty Little Secrets of IT Innovation * What's Next for Me? * Summar
Forged at the heart of international political bodies by expert researchers, the innovation cluster concept has been incorporated into most public policies in industrialized countries. Based largely on the ideas behind the success of Silicon Valley, several imitative attempts have been made to geographically group laboratories, companies and training in particular fields in order to generate "synergies" between science and industry. In its first part, Innovation in Clusters analyzes the infatuation with the system of clusters that is integral to innovative policies by analyzing its socio historical context, its revival in management and its worldwide expansion, looking at a French example at a local level. In its second part, the book explores a specialized biotechnology cluster dating back to the end of the 1990s. The sociological survey conducted twenty years later sheds a different light on the dynamics and relationships between laboratories and companies, contradicting the commonly held belief that innovation is made possible by geographical proximity.
The systems movement, now 40 years old, is made up of many associations of systems thinkers from different disciplines all over the world. The United Kingdom Systems Society (UKSS) was formed in 1978. Today it has over 300 members and is committed to the development and promotion of "systems" philosophy, theory, concepts and methodolo gies for improving decision making for the benefit of organizations and wider society. The first UKSS International Conference was held at the University of Hull in July ofHuddersfield 1989. Since then we have held International Conferences at the Universities (1991) and Paisley (1993). The UKSS International Conferences are now an established biannual event and this, our fourth international conference, will be jointly hosted by the Universities of Hull and Humberside. Systems science is considered to be a trans-discipline which promotes critical and effective intervention in complex organisational and social problem situations. As such it traverses "hard," through "soft" to "critical" systems thinking and methodologies. Yet, despite the currently robust state of the UKSS the systems movement cannot be described as an international movement: different subdisciplines are at different stages of development and are often engaged in pursuing their own particular interests and themes with little "conversation" between the subdisciplines despite their common interest in systems."
Avoiding Corporate Breakdowns focuses on prescribing a preventative strategy for managerial actors who face economic, social and environmental disasters. Prevention is basically simple, but it will require a considerable broadening in both the nature and the extent of managerial responsibility. |
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