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Revisiting Sub-Optimality of the Decentralized Decision making: A note
Linear quadratic Gaussian (LQG) Kalman filter Borel function
2010/10/18
The famous 1968 Witsenhausen demonstrated that for a multi-agent linear quadratic Gaussian (LQG), the optimal linear solution is, in general sub-optimal. The note gives an example which is easier and...
Using Analytical Hierarchy Process in Decision Analysis - The Case of Vietnam State Securities Commission
Decision Analysis Analytical Hierarchy Process Benchmarking
2013/2/23
This paper uses Saaty’s Analytical Hierarchy Process (AHP) to formulate the strategy framework for Vietnam’s State Securities Commission (SSC). In the first step, a questionnaire was designed to find ...
Approaches to assess the group consensus in Yes-or-No type experts’ group decision making
group decision making analyzing consensus binary decision making
2014/4/2
Group consensus indicators provide an important insight and information about how to combine a group of expert judgments. This paper is concerned with the development of a set of indicators to be used...
Application of the theory of decision making under risk and uncertainty at modelling of costs
Bayesian Theorem cost function fixed cost variable cost probability
2014/4/2
The costs functions are mentioned mostly in the relation to the Break-even Analysis where they are presented in the linear form. But there exist several different types and forms of cost functions. Fi...
Diagnostics and decision-making of the company management within the period of economic crisis and recession
diagnostics homeostasis crisis management business environment
2014/4/1
Enterprises are socio-economic entities with bonds to their environment. Their economic health is evaluated by the means of adequate diagnostic methods. When evaluating a processing business as a livi...
Outsourcing: Decision making in case of outsourcing the company activity and management of outsourcing project
outsourcing, offshoring decision making in outsourcing management of outsourcing project, risk connected with outsourcing, efficiency of outsourcing performance metrics baseline scope service level agreement, key performance indicator, outsourcing partnership
2014/4/1
The submitted paper was elaborated as a short summary of the main findings resulting from the research we have realized at the University of Economics in Bratislava. Based on the study of large amount...
Managerial decision making – importance of intuition in the rational process
decision making intuition survey comparison
2014/4/1
The article contributes to the debate over the use of intuition in the managerial decision making. A brief overview of the debate is further elaborated with the comparison of findings brought about by...
Self-Selectivity in Firm’s Decision to Withdraw IPO: Bayesian Inference for Hazard Models of Bankruptcy with Feedback
IPO finance studies survival probabilities
2011/4/1
Examination on firm performance subsequent to a chosen event is widely used in finance studies to analyze the motivation behind managerial decisions. However, results are often subject to bias when th...
Simulating Party Competition and Vote Decision under Mixed Member Electoral Systems
Agent-based modelling mixed member electoral systems strategic voting
2010/12/6
This paper proposes an interactive mechanism between both tiers of mixed member electoral systems to explain high-level linkage in West Germany, that is, the dominance of district races by the candida...
Council Decision Rules and European Union Constitutional Design
Council of the European Union decision rules constitutional design
2009/7/17
In the recent past, the choice of adequate voting weights and decision rules for the Council of the European Union (EU) has been a highly contested issue in EU intergovernmental negotiations. In gene...
Partial Cooperation and Non-Signatories Multiple Decision
noncooperative games cooperation public goods games
2009/7/17
In this paper we investigate partial cooperation between a portion of the players and the rest of the players who do not cooperate and play a Nash game having multiple equilibria. Some properties of ...
National, Political and Institutional Influence in European Union Decision Making
Co-decision procedure committee system consultation procedure
2009/7/17
The distribution of decisional power among member states of the EU has remained a hot issue in recent discussions about the future design of European Union decision making and the Lisbon revision of t...
《Handbook of Game Theory with Economic Applications》Chapter 19 Game and decision theoretic models in ethics
Handbook of Game Theory with Economic Applications Game decision theoretic models ethics
2009/4/3
《Handbook of Game Theory with Economic Applications》Chapter 19 Game and decision theoretic models in ethics。
Inconsistency of the judgment matrix in the AHP method and the decision maker's knowledge
Inconsistency judgment matrix AHP method decision maker's knowledge
2010/12/20
In this paper we propose a method for a quantitative estimation of the decision maker's knowledge in the context of the Analytic Hierarchy Process (AHP) in cases, where the judgment matrix is inconsi...
Strategic decision-making of the company management using the findings of knowledge management
business management decision-making entrepreneurial environment strategic management information technology
2014/3/10
This scientific paper shows the results formulated in the author’s research focused on strategic decision-making of the company management in a new entrepreneurial environment resulting from changes c...