• Title/Summary/Keyword: Decision making framework

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Mediating and Moderating Mechanism in the Relationship Between Blue Ocean Leadership Style and Strategic Decision Making: A Case Study in Malaysia

  • WAN HANAFI, Wan Noordiana;DAUD, Salina
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.613-623
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    • 2021
  • This study aims to identify the effect of blue ocean leadership style on strategic decision making and it also aims to examine the mediating role of organizational politic and moderating role of emotional intelligence in the Government Link Companies (GLCs) in Malaysia. In order to achieve the objective of the study, a research framework had been developed to establish a relationship among the variables of the study based on resource-based view theory. Questionnaire method was used to collect the data form middle to top level employees in GLCs. All the items in the study's variables were assessed using the 5-point Likert scale. A stratified random sampling technique was used to identify the sample for this study. Data was derived from 135 middle to top level employees, which were involved in decision making process. The data was analyzed using the SPSS and the SmartPLS 3.0 software. This supplemented the theory surrounding blue ocean leadership styles and strategic decision making. The study also identified several avenues for further research by using different research methods and examining the impact of strategic decision making in different contexts.

Korean Nursing Students윤 Experience of Ethical Problems and Use of Ethical Decision-Making Models (간호학생이 경험한 간호윤리 문제와 윤리적 의사결정 모형의 적용)

  • ;;;Miriam Cameron
    • Journal of Korean Academy of Nursing
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    • v.31 no.5
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    • pp.846-857
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    • 2001
  • This study was conducted to study on 1) What is nursing students' experience of ethical problems involving nursing practice\ulcorner 2) What is nursing students' experience of using ethical decision-making models\ulcorner Method: In order to answer these two questions, we selected 97 senior baccalaureate nursing students from two Korean universities using a conceptual framework and method of content analysis. Result: From 97 ethical problems emerged five content categories, the largest being ethical problems involving health professionals (69%); the basic nature of the nursing students' experience of ethical problems consisted of conflict, resolution, and rationale; 94% of the students stated that using an ethical decision- making model was helpful. Conclusion: Although additional research is needed, these findings have important implications for nursing ethics education and practice.

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Multi-Attribute Decision-Making Method Applying a Novel Correlation Coefficient of Interval-Valued Neutrosophic Hesitant Fuzzy Sets

  • Liu, Chunfang
    • Journal of Information Processing Systems
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    • v.14 no.5
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    • pp.1215-1224
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    • 2018
  • Interval-valued neutrosophic hesitant fuzzy set (IVNHFS) is an extension of neutrosophic set (NS) and hesitant fuzzy set (HFS), each element of which has truth membership hesitant function, indeterminacy membership hesitant function and falsity membership hesitant function and the values of these functions lie in several possible closed intervals in the real unit interval [0,1]. In contrast with NS and HFS, IVNHFS can be more flexibly used to deal with uncertain, incomplete, indeterminate, inconsistent and hesitant information. In this study, I propose the novel correlation coefficient of IVNHFSs and my paper discusses its properties. Then, based on the novel correlation coefficient, I develop an approach to deal with multi-attribute decision-making problems within the framework of IVNHFS. In the end, a practical example is used to show that the approach is reasonable and effective in dealing with decision-making problems.

Challenges and Real-world Validation of Autonomous Surface Vehicle Decision-making System

  • Mingi Jeong;Arihant Chadda;Alberto Quattrini Li
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2022.11a
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    • pp.357-359
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    • 2022
  • Autonomous decision-making is key to safe and efficient marine autonomy, as global marine industry comprises over 90 percent of the world's cargo transportation. Challenges of the real-world validation in the aquatic domain limits the wide-spread of ASVs despite their promising societal impacts. We propose and demonstrate the real-world validation platform and comprehensive algorithm steps. Such a framework will serve as a more explainable and reliable decision-making system of ASVs as well as autonomous vehicles in other domains.

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Conceptual Study for Asset Management Framework Construction of Railway Infra Structure System (철도시설물에 대한 자산관리체계수립을 위한 개념 연구)

  • Lee, Jee-Ha;Park, Mi-Yun;Lee, Jong-Kun;Park, Man-Ho;Jung, Dae-Ho
    • Proceedings of the KSR Conference
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    • 2011.10a
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    • pp.2473-2478
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    • 2011
  • The asset management of railway facilities is a total framework for finally supporting a safe and comfortable train service, which includes functions of supporting evaluation of condition and performance of infrastructures, making the decision method of repair or rehabilitation of deteriorated facilities, and lengthening the life cycle of structure through the decision of adequate cost and time of repair or reinforcement. In the range of the asset management, organization, human, the target, and information & data of company are included. Therefore, in this paper, appling the method of asset management analysis to the railway structures, the process of the risk assesment using BRE(Business Risk Exposure) and the basis of consisting optimized renewal decision-making are expressed.

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Incomplete Decisions on Reward-Based Crowdfunding Platforms: Exploring Motivations from Temporal and Social Perspectives

  • KwangWook Gang;Hoon S. Cha;Ilyoo B. Hong
    • Asia Marketing Journal
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    • v.26 no.1
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    • pp.1-10
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    • 2024
  • This study explores incomplete decision-making dynamics on reward-based crowdfunding platforms, focusing on temporal and social factors influencing backers' decisions. Utilizing the temporal aspect (i.e., pledging campaign phase) and social aspect (i.e., current pledged amount ratio) as stimuli within the stimulus-organism-response framework, our findings reveal that nearly 50.9% of respondents change their initial decisions, highlighting widespread incomplete information processing. Backers are more prone to altering decisions under heightened time pressure and display herding behaviors. Furthermore, backers exhibit an increased likelihood of changing decisions under heightened time pressure, coupled with a greater chance that the pledged goal amount will not be achieved. The study discusses theoretical and practical implications.

A decision making framework model for the selection of a RP using hybrid multiple attribute decision making techniques (3차원 조형장비 선정을 위한 복합 다요소 의사결정 구조 모델 개발에 관한 연구)

  • Byun, Hong-Seok
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.7 no.3
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    • pp.87-95
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    • 2008
  • The purpose of this study is to provide a decision support to select an appropriate rapid prototyping(RP) machine that suits the application of a part. Selection factors include concept model, form/fit/functional model, pattern model for molding, material property, build time and part cost that greatly affect the performance of RP machines. However, the selection of a RP is not an easy decision because they are uncertain and vague. For this reason, the aim of this research is to propose hybrid multiple attribute decision making approaches to effectively evaluate RP machines. In addition, because subjective considerations are relevant to selection decision, a fuzzy logic approach is adopted. The proposed selection procedure consists of several steps. First, we identify RP machines that the users consider. After constructing the evaluation criteria, we calculate the weights of the criteria by applying the fuzzy Analytic Hierarchy Process(AHP) method. Finally, we construct the fuzzy Technique of Order Preference by Similarity to Ideal Solution(TOPSIS) method to achieve the ranking order of all machines providing the decision information for the selection of RP machines.

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A Schema Approach to Cognitive Resonance and Its Decision-making Performance

  • Lee Kun Chang;Chung Namho
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2003.05a
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    • pp.931-939
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    • 2003
  • This paper is aimed at proposing a new framework to predict decision performance, by Investigating decision maker's cognitive resonance. We assume that every decision maker has two kinds of schema­emotional schema and rational schema. Cognitive resonance is believed to have a close relationship with the two schemata and decision performance. In literature on decision performance there is no study' seeking relationship among the two schemata ana cognitive resonance. Therefore, our research purposes are twofold: (1) to provide a theoretical basis for the proposed framework describing the causal relationships among two schemata, cognitive resonance, and decision Performance, and (2) to empirically prove its validity applying to. Internet shopping Situation. Based on the questionnaires from 13S- respondents, we used a second order confirmatory factor analysis (CFA) to extract valid constructs, and structural equation model (SEM) to calculate path coefficients and prove the statistical validity of our proposed research model. Experimental results supported our research model with some further research issues.

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Optimal monitoring instruments selection using innovative decision support system framework

  • Masoumi, Isa;Ahangari, Kaveh;Noorzad, Ali
    • Smart Structures and Systems
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    • v.21 no.1
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    • pp.123-137
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    • 2018
  • Structural monitoring is the most important part of the construction and operation of the embankment dams. Appropriate instruments selection for dams is vital, as inappropriate selection causes irreparable loss in critical condition. Due to the lack of a systematic approach to determine adequate instruments, a framework based on three comparable Multi-Attribute Decision Making (MADM) methods, which are VIKOR, technique of order preference by similarity to ideal solution (TOPSIS) and Preference ranking organization method for enrichment evaluation (PROMETHEE), has been developed. MADM techniques have been widely used for optimizing priorities and determination of the most suitable alternatives. However, the results of the different methods of MADM have indicated inconsistency in ranking alternatives due to closeness of judgements from decision makers. In this study, 9 criteria and 42 geotechnical instruments have been applied. A new method has been developed to determine the decision makers' importance weights and an aggregation method has been introduced to optimally select the most suitable instruments. Consequently, the outcomes of the aggregation ranking correlate about 94% with TOPSIS and VIKOR, and 83% with PROMETHEE methods' results providing remarkably appropriate prioritisation of instruments for embankment dams.