This book offers a concise introduction to the field of financial economics and presents, for the first time, recent behavioral finance research findings that help us to understand many puzzles in traditional finance. Tailor-made for master's and PhD students, it includes tests and exercises that enable students to keep track of their progress. Parts of the book can also be used at the bachelor level.

Late one afternoon in the fall of 1976, we were sipping Sanka and speculating on the possible directions towards which research and theory in organizational science might lead. One of us had just re-read Walter Nord's Marxist critique of Human Resource Management, and the discussion evolved into an enumeration of the many articles that had appeared in the recent literature attacking the discipline, its mission, and its methods. In no time the list was long enough to suggest that a number of scholars, both young and established, were dissatisfied with the rate of progress begin made in the accumulation of knowledge about organizations. The critics we identified were located at many different schools, and they were associated with diverse research traditions and biases. The causes they identified as underlying the problems they cited varied, as did the solutions they offered. We decided to pursue these polemics with a view to seeking com monalities among them, hoping that if there were any dominant common themes, it might be possible to anticipate the directions the field could take. Our reading and thinking led us to the conclusion that many of the issues being raised by the critics of the discipline could be seen as disagreements over some implicit (or ignored) metaphysical and epistemological assumptions about organizations. We hypothesized that much of the controversy resulted from a lack of consensus regarding what organizations are and how knowledge about them can be developed."

The development of U.S. urban transportation policy over the past half-century illustrates the changing relationships among federal, state, and local governments. This comprehensive text examines the evolution of urban transportation planning from early developments in highway planning in the 1930s to today's concerns over sustainable development, security, and pollution control. Highlighting major national events, the book examines the influence of legislation, regulations, conferences, federal programs, and advances in planning procedures and technology. The volume provides in-depth coverage of the most significant event in transportation planning, the Federal-Aid Highway Act of 1962, which created a federal mandate for a comprehensive urban transportation planning process, carried out cooperatively by states and local governments with federal funding. Claiming that urban transportation planning is more sophisticated, costly, and complex than its highway and transit planning predecessors, the book demonstrates how urban transportation planning evolved in response to changes in such factors as the environment, energy, development patterns, intergovernmental coordination, and federal transit programs. This updated, revised, and expanded edition features two new chapters on global climate change and managing under conditions of constrained resources, and covers the impact of the most recent legislation, 50 years after the Highway Act of 1962, emphasizing such timely issues as security, oil dependence, performance measurement, and public-private sector collaboration.

30th European Symposium on Computer Aided Chemical Engineering, Volume 47 contains the papers presented at the 30th European Symposium of Computer Aided Process Engineering (ESCAPE) event held in Milan, Italy, May 24-27, 2020. It is a valuable resource for chemical engineers, chemical process engineers, researchers in industry and academia, students, and consultants for chemical industries.

This book is the second edition of Behavioral Decision Theory, published in 2014. The main approach and structure of this book have been retained in the new edition. However, this second edition provides a fresh overview of the idea of behavioral decision theory and related research findings such as theoretical and empirical discoveries of preference formation, time discounting, social interaction, and social decision making. The book covers a wide range from classical to relatively recent major studies concerning behavioral decision theory, which, in brief, is a general term for descriptive theories to explain the psychological knowledge related to people's decision-making behavior. It is called a theory but is actually a combination of various psychological theories, for which no axiomatic systems-such as those associated with the utility theory widely used in economics-have been established. The utility theory is often limited to qualitative knowledge; however, as the studies of Nobel laureates H. A. Simon, D. Kahneman, and R. Thaler have suggested, the psychological methodology and knowledge of behavioral decision theory have been applied widely in such fields as economics, business administration, and engineering and are expected to become even more useful in the future. Research into people's decision making represents an important part in those fields, various aspects of which overlap with the scope of behavioral decision theory. This theory is closely related to behavioral economics and behavioral finance, which have come into greater use in recent years. This book will appeal especially to graduate students, advanced undergraduate students, and researchers who are interested in decision-making phenomena.

This volume is the second (II) of four under the main themes of Digitizing Agriculture and Information and Communication Technologies (ICT). The four volumes cover rapidly developing processes including Sensors (I), Data (II), Decision (III), and Actions (IV). Volumes are related to 'digital transformation" within agricultural production and provision systems, and in the context of Smart Farming Technology and Knowledge-based Agriculture. Content spans broadly from data mining and visualization to big data analytics and decision making, alongside with the sustainability aspects stemming from the digital transformation of farming. The four volumes comprise the outcome of the 12th EFITA Congress, also incorporating chapters that originated from select presentations of the Congress. The first part of this book (II) focuses on data technologies in relation to agriculture and presents three key points in data management, namely, data collection, data fusion, and their uses in machine learning and artificial intelligent technologies. Part 2 is devoted to the integration of these technologies in agricultural production processes by presenting specific applications in the domain. Part 3 examines the added value of data management within agricultural products value chain. The book provides an exceptional reference for those researching and working in or adjacent to agricultural production, including engineers in machine learning and AI, operations management, decision analysis, information analysis, to name just a few. Specific advances covered in the volume: Big data management from heterogenous sources Data mining within large data sets Data fusion and visualization IoT based management systems Data Knowledge Management for converting data into valuable information Metadata and data standards for expanding knowledge through different data platforms AI - based image processing for agricultural systems Data - based agricultural business Machine learning application in agricultural products value chain

Scheduling is a resource allocation problem which exists in virtually every type of organization. Scheduling problems have produced roughly 40 years of research primarily within the OR community. This community has traditionally emphasized mathematical modeling techniques which seek exact solutions to well formulated optimization problems. While this approach produced important results, many contemporary scheduling problems are particularly difficult. Hence, over the last ten years operations researchers interested in scheduling have turned increasingly to more computer intensive and heuristic approaches. At roughly the same time, researchers in AI began to focus their methods on industrial and management science applications. The result of this confluence of fields has been a period of remarkable growth and excitement in scheduling research. Intelligent Scheduling Systems captures the results of a new wave of research at the forefront of scheduling research, of interest to researchers and practitioners alike. Presented are an array of the latest contemporary tools -- math modeling to tabu search to genetic algorithms -- that can assist in operational scheduling and solve difficult scheduling problems. The book presents the most recent research results from both operations research (OR) and artificial intelligence (AI) focusing their efforts on real scheduling problems.

This book has resulted from the activities of IFAC TC 5.2 "Manufacturing Modelling for Management and Control". The book offers an introduction and advanced techniques of scheduling applications to cloud manufacturing and Industry 4.0 systems for larger audience. This book uncovers fundamental principles and recent developments in the theory and application of scheduling methodology to cloud manufacturing and Industry 4.0. The purpose of this book is to present recent developments in scheduling in cloud manufacturing and Industry 4.0 and to systemize these developments in new taxonomies and methodological principles to shape this new research domain. This book addresses the needs of both researchers and practitioners to uncover the challenges and opportunities of scheduling techniques' applications to cloud manufacturing and Industry 4.0. For the first time, it comprehensively conceptualizes scheduling in cloud manufacturing and Industry 4.0 systems as a new research domain. The chapters of the book are written by the leading international experts and utilize methods of operations research, industrial engineering and computer science. Such a multi-disciplinary combination is unique and comprehensively deciphers major problem taxonomies, methodologies, and applications to scheduling in cloud manufacturing and Industry 4.0.

This edited volume highlights recent research advances in humanitarian relief logistics. The contributed chapters span the spectrum of key issues and activities from preparedness to mitigation operations (response), planning and execution. The volume also presents state-of-the-art methods and systems through current case studies.

Significant issues in planning and execution of humanitarian relief logistics discussed in this volume include the following:

Approaches that tackle realistic relief distribution networks. In addition to large-scale computing issues, heuristics may handle the complexity and particularities of humanitarian supply chains
Methods that integrate real-time information while effectively coping with time pressure and uncertainty, both of which are inherent to a disaster scene
Judicious recourse strategies that allow a quick and effective restoration of pre-planned solutions whenever an unpredictable event occurs
Coordination of multiple parties that are often involved in managing a disaster, including NGOs, local, state and federal agencies.

This volume provides robust evidence that research in humanitarian logistics may lead to substantial improvements in effectiveness and efficiency of disaster relief operations. This is quite encouraging, since the unique characteristics of disaster scenes provide significant opportunities for researchers to investigate novel approaches contributing to logistics research while offering a significant service to society.

Location, scheduling and design problems are assignment type problems with quadratic cost functions and occur in many contexts stretching from spatial economics via plant and office layout planning to VLSI design and similar prob lems in high-technology production settings. The presence of nonlinear inter action terms in the objective function makes these, otherwise simple, problems NP hard. In the first two chapters of this monograph we provide a survey of models of this type and give a common framework for them as Boolean quadratic problems with special ordered sets (BQPSs). Special ordered sets associated with these BQPSs are of equal cardinality and either are disjoint as in clique partitioning problems, graph partitioning problems, class-room scheduling problems, operations-scheduling problems, multi-processor assign ment problems and VLSI circuit layout design problems or have intersections with well defined joins as in asymmetric and symmetric Koopmans-Beckmann problems and quadratic assignment problems. Applications of these problems abound in diverse disciplines, such as anthropology, archeology, architecture, chemistry, computer science, economics, electronics, ergonomics, marketing, operations management, political science, statistical physics, zoology, etc. We then give a survey of the traditional solution approaches to BQPSs. It is an unfortunate fact that even after years of investigation into these problems, the state of algorithmic development is nowhere close to solving large-scale real life problems exactly. In the main part of this book we follow the polyhedral approach to combinatorial problem solving because of the dramatic algorith mic successes of researchers who have pursued this approach."

This contributed volume explores innovative research in the modeling, simulation, and control of crowd dynamics. Chapter authors approach the topic from the perspectives of mathematics, physics, engineering, and psychology, providing a comprehensive overview of the work carried out in this challenging interdisciplinary research field. In light of the recent COVID-19 pandemic, special consideration is given to applications of crowd dynamics to the prevention of the spreading of contagious diseases. Some of the specific topics covered in this volume include: - Impact of physical distancing on the evacuation of crowds- Generalized solutions of opinion dynamics models- Crowd dynamics coupled with models for infectious disease spreading- Optimized strategies for leaders in controlling the dynamics of a crowd Crowd Dynamics, Volume 3 is ideal for mathematicians, engineers, physicists, and other researchers working in the rapidly growing field of modeling and simulation of human crowds.

This book presents essential information on modern location science - in a word, all you need to know about location. The second edition of this handbook has been fully revised throughout, with numerous updates and chapters added, to offer an even more comprehensive overview of methods and applications. The book is divided into three parts: basic concepts, advanced concepts and applications. Written by the most respected specialists in the field and thoroughly reviewed by the editors, it first lays out the fundamental problems in location science and provides readers with basic background information on location theory. Part II covers advanced models and concepts, broadening and expanding on the content presented in Part I. It also discusses important tools to help readers grasp and solve real-world location problems. Part III focuses on the links between location science and other areas like GIS, telecommunications, healthcare, rapid transit networks, districting problems and disaster events, and presents a wide range of applications to allow readers to understand the role of facility location in such areas and learn how to handle real-world location problems. The book is intended for researchers working on theory and applications involving location problems and models. It is also suitable as a textbook for graduate courses on facility location.

Computational Optimization: A Tribute to Olvi Mangasarian serves as an excellent reference, providing insight into some of the most challenging research issues in the field. This collection of papers covers a wide spectrum of computational optimization topics, representing a blend of familiar nonlinear programming topics and such novel paradigms as semidefinite programming and complementarity-constrained nonlinear programs. Many new results are presented in these papers which are bound to inspire further research and generate new avenues for applications. An informal categorization of the papers includes: Algorithmic advances for special classes of constrained optimization problems Analysis of linear and nonlinear programs Algorithmic advances B- stationary points of mathematical programs with equilibrium constraints Applications of optimization Some mathematical topics Systems of nonlinear equations.

Balk argues that most professionals in government agencies are underutilized. He proposes an operational approach, called public agency democracy, that should help reduce costly and disconcerting errors. The book will interest those who wish to better understand the frustrations of public service and how to turn these to motivate change.

Well over two million very qualified individuals mediate between high-level managers and other members of public agencies. These grossly underutilized intermediary professionals must become more empowered to reduce waste, malfeasance and other costly errors. Balk proposes an applied theory of public agency democracy designed to liberate the potential of its highly trained experts.

The book begins by discussing professionals as power intermediaries and their necessary tensions with authority around matters of reform. Recognized dilemmas in the field of public administration are reviewed to demonstrate the need to resolve issues concerning public agency democracy. A model is then developed to incorporate democratic action with responses ranging from routine to whistle-blowing activities. The second part of the book shows why existing management orientations are not receptive to the need for agency democracy. Conventional orientations reject the paradoxical realities of government environments; therefore, ingrained beliefs about effectiveness and management authority are at times inappropriate. Management approaches to public service motivation lack sophistication. Four final chapters are devoted to techniques and approaches on the part of professionals to initiate change. These involve techniques to assess organizational predicaments, design resolutions and become constructively involved in processes of agency reform. Ways are proposed for professionals and others to institutionalize public agency democracy in government environments.

Operations research tools are ideally suited to providing solutions and insights for the many problems health policy-maker's face. Indeed, a growing body of literature on health policy analysis, based on operations research methods, has emerged to address the problems mentioned above and several others. The research in this field is often multi-disciplinary, being conducted by teams that include not only operations researchers but also clinicians, economists and policy analysts. The research is also often very applied, focusing on a specific question driven by a decision-maker and many times yielding a tool to assist in future decisions. The goal of this volume was to bring together a group of papers by leading experts that could showcase the current state of the field of operations research applied to health-care policy. There are 18 chapters that illustrate the breadth of this field. The chapters use a variety of techniques, including classical operations research tools, such as optimization, queuing theory, and discrete event simulation, as well as statistics, epidemic models and decision-analytic models. The book spans the field and includes work that ranges from highly conceptual to highly applied. An example of the former is the chapter by Kimmel and Schackman on building policy models, and an example of the latter is the chapter by Coyle and colleagues on developing a Markov model for use by an organization in Ontario that makes recommendations about the funding of new drugs. The book also includes a mix of review chapters, such as the chapter by Hutton on public health response to influenza outbreaks, and original research, such as the paper by Blake and colleagues analyzing a decision by Canadian Blood Services to consolidate services. This volume could provide an excellent introduction to the field of operations research applied to health-care policy, and it could also serve as an introduction to new areas for researchers already familiar with the topic. The book is divided into six sections. The first section contains two chapters that describe several different applications of operations research in health policy and provide an excellent overview of the field. Sections 2 to 4 present policy models in three focused areas. Section 5 contains two chapters on conceptualizing and building policy models. The book concludes in Section 6 with two chapters describing work that was done with policy-makers and presenting insights gained from working directly with policy-makers.

This volume is the first (I) of four under the main themes of Digitizing Agriculture and Information and Communication Technologies (ICT). The four volumes cover rapidly developing processes including Sensors (I), Data (II), Decision (III), and Actions (IV). Volumes are related to 'digital transformation" within agricultural production and provision systems, and in the context of Smart Farming Technology and Knowledge-based Agriculture. Content spans broadly from data mining and visualization to big data analytics and decision making, alongside with the sustainability aspects stemming from the digital transformation of farming. The four volumes comprise the outcome of the 12th EFITA Congress, also incorporating chapters that originated from select presentations of the Congress. The focus in this volume is on different aspects of sensors implementation in agricultural production (e.g., types of sensors, parameters monitoring, network types, connectivity, accuracy, reliability, durability, and needs to be covered) and provides variety of information and knowledge in the subject of sensors design, development, and deployment for monitoring agricultural production parameters. The book consists of four (4) Sections. The first section presents an overview on the state-off-the art in sensing technologies applied in agricultural production while the rest of the sections are dedicated to remote sensing, proximal sensing, and wireless sensor networks applications. Topics include: Emerging sensing technologies Soil reflectance spectroscopy LoRa technologies applications in agriculture Wireless sensor networks deployment and applications Combined remote and proximal sensing solutions Crop phenology monitoring Sensors for geophysical properties Combined sensing technologies with geoinformation systems

The book offers a comprehensive, practice-oriented introduction to the field of fuzzy mathematical programming (FMP) as key topic of modern analytics. FMP plays a fundamental role in dealing with a varied range of problems, such as those concerning smart cities, sustainability, and renewable energies. This book includes an introduction to the basic concepts, together with extensive information on the computational-intelligence-based optimization models and techniques that have been used to date. Special emphasis is given to fuzzy transportation problems. The book is a valuable resource for researchers, data scientists and practitioners dealing with computational-intelligence-based optimization models for analytics.

The yard block of a container terminal is the central point of synchronisation for asynchronous container flows between deep-sea vessels and transport to the hinterland. The structure of the block stipulates that containers are stacked on top of each other with only the topmost container directly accessible by a yard crane. This book describes a holistic and integrative approach to container handling in yard blocks to optimise productivity by minimising re-handling operations. The results provide insights for academic scholars as well as for experts from practical terminal planning and operations. The approach presented is two-fold: first, a theoretical foundation of the interdependencies in decision-making is established using mathematical programming. Secondly, operations involving uncertain container arrival information are examined on the basis of a simulation with a rigorous experimental design and statistical evaluation. In this context, the book develops container-handling strategies and analyses the impact of a system for vehicle arrival management - the "Terminal Appointment System". The findings presented in this book are the result of a close cooperation with experts at the port of Hamburg and build on previous research.

The authors contend that current knowledge management efforts in organizations need to be re-focused so that they can be better poised for success. Topics discussed include: missing capabilities of knowledge management, knowledge management in strategic alliances, customer knowledge management, knowledge markets, and knowledge management systems, among others. The authors take a pragmatic approach to knowledge management and present the material in a jargon free and accessible way.

Cognition-driven decision support system (DSS) has been recognized as a paradigm in the research and development of business intelligence (BI). Cognitive decision support aims to help managers in their decision making from human cognitive aspects, such as thinking, sensing, understanding and predicting, and fully reuse their experience. Among these cognitive aspects, decision makers situation awareness (SA) and mental models are considered to be two important prerequisites for decision making, particularly in ill-structured and dynamic decision situations with uncertainties, time pressure and high personal stake. In today s business domain, decision making is becoming increasingly complex. To make a successful decision, managers SA about their business environments becomes a critical factor.

This book presents theoretical models as well practical techniques of cognitiondriven DSS. It first introduces some important concepts of cognition orientation in decision making process and some techniques in related research areas including DSS, data warehouse and BI, offering readers a preliminary for moving forward in this book. It then proposes a cognition-driven decision process (CDDP) model which incorporates SA and experience (mental models) as its central components. The goal of the CDDP model is to facilitate cognitive decision support to managers on the basis of BI systems. It also presents relevant techniques developed to support the implementation of the CDDP model in a BI environment. Key issues addressed of a typical business decision cycle in the CDDP model include: natural language interface for a manager s SA input, extraction of SA semantics, construction of data warehouse queries based on the manger s SA and experience, situation information retrieval from data warehouse, how the manager perceives situation information and update SA, how the manager s SA leads to a final decision. Finally, a cognition-driven DSS, FACETS, and two illustrative applications of this system are discussed."

This book introduces readers to the main traffic flow modelling approaches and discusses their features and applications. It provides a comprehensive and cutting-edge review of traffic flow models, from their roots in the 1930s to the latest developments in the field. In addition, it presents problem sets that offer readers further insights into the models and hands-on experience with simulation approaches. The simulations used in the exercises can be built upon for readers' own research or other applications. The models discussed in this book are applied to describe, predict and control traffic flows on roads with the aid of rapid and accurate estimations of current and future states. The book shows how these models are developed, what their chief characteristics are, and how they can be effectively employed.

Biomarker discovery is an important area of biomedical research that may lead to significant breakthroughs in disease analysis and targeted therapy. Biomarkers are biological entities whose alterations are measurable and are characteristic of a particular biological condition. Discovering, managing, and interpreting knowledge of new biomarkers are challenging and attractive problems in the emerging field of biomedical informatics. This volume is a collection of state-of-the-art research into the application of data mining to the discovery and analysis of new biomarkers. Presenting new results, models and algorithms, the included contributions focus on biomarker data integration, information retrieval methods, and statistical machine learning techniques. This volume is intended for students, and researchers in bioinformatics, proteomics, and genomics, as well engineers and applied scientists interested in the interdisciplinary application of data mining techniques.

Michael Porter is recognized as one of the top authorities on corporate strategy and business competition. The historical review of strategic management clearly shows that Porter's research has bridged up two general paradigms (before and after the 1980s) thus helping both researchers and practitioners to better understand unanticipated global changes. His two generic strategies: costs and diversification, the two interdependent strategic options, are key in the context of the competitiveness of orthodox microeconomic theory. This is where Porter went further, constructing a popular value chain concept that provides the ability to disaggregate the key activities of business process in creating products and services in terms of cost analysis and value creation. This book is a collection of seven interconnected chapters that provides a coherent understanding of Michael Porter's contribution to the field of strategic management. It addresses key changes and challenges in the global business environment. The value chain concept has become highly applicable in both theory and practice. In the book, the authors offer an original interpretation of the Porters' research on strategic management in order to unravel or simplify his key theoretical concepts. It will be of interest to researchers, academics, practitioners, and students in the fields of strategic management and international business.

Durable strategies that have prolonged effects are prevalent in real-world situations. Revenue-generating investments, toxic waste disposal, long-lived goods, regulatory measures, coalition agreements, diffusion of knowledge, advertisement and investments to accumulate physical capital are concrete and common examples of durable strategies. This book provides an augmentation of dynamic game theory and advances a new game paradigm with durable strategies in decision-making schemes. It covers theories, solution techniques, and the applications of a general class of dynamic games with multiple durable strategies. Non-cooperative equilibria and cooperative solutions are derived, along with advanced topics including random termination, asynchronous game horizons, and stochastic analysis. The techniques presented here will enable readers to solve numerous practical dynamic interactive problems with durable strategies. This book not only expands the scope of applied dynamic game theory, but also provides a solid foundation for further theoretical and technical advancements. As such, it will appeal to scholars and students of quantitative economics, game theory, operations research, and computational mathematics. "Not too many new concepts have been introduced in dynamic games since their inception. The introduction of the concept of durable strategies changes this trend and yields important contributions to environmental and business applications." Dusan M Stipanovic, Professor, University of Illinois at Urbana-Champaign "Before this book, the field simply did not realize that most of our strategies are durable and entail profound effects in the future. Putting them into the mathematical framework of dynamic games is a great innovative effort." Vladimir Turetsky, Professor, Ort Braude College "Durable-strategies Dynamic Games is truly a world-leading addition to the field of dynamic games. It is a much needed publication to tackle increasingly crucial problems under the reality of durable strategies." Vladimir Mazalov, Director of Mathematical Research, Russian Academy of Sciences & President of the International Society of Dynamic Games

This handbook covers various areas of Higher Education (HE) in which operations research/management science (OR/MS) techniques are used. Key examples include: international comparisons, university rankings, and rating academic efficiency with Data Envelopment Analysis (DEA); formulating academic strategy with balanced scorecard; budgeting and planning with linear and quadratic models; student forecasting; E-learning evaluation; faculty evaluation with questionnaires and multivariate statistics; marketing for HE; analytic and educational simulation; academic information systems; technology transfer with systems analysis; and examination timetabling. Overviews, case studies and findings on advanced OR/MS applications in various functional areas of HE are included.