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We investigate the differences between groups and individuals in newsvendor ordering behavior by a laboratory experiment under the tournament competitive environment. We also study the association between newsvendor decision making and the decision-making styles measured by the General Decision-making Style (GDMS) inventory. We observe that group decision making is not always superior to individual...
Our research aims to extend the literature by empirically investigating a few critical aspects of the Newsvendor decision making problem that have not been studied before. First, we look at the impact of playing the game in a competitive (tournament) environment, where all subjects in the room are ranked by their profits after each round. We also study the impact of incrementally adding "decision...
A decision making tool in competitive environments is proposed in this paper, which is based upon an analysis of the methodology of a human being for decision making in competitive environments. So it is similar to our way of making decisions in competitive environments. The tool is based upon the knowledge in our hands, instead of only depending on past experience like many approaches in literature...
The motivation of this study is based on the potential strategies of industry are difficult to be found. Therefore, we propose the model to find the enterprise's strategy. The purpose is to obtain valuable concept and strategy early. The analysis data of this study are cell-phones which Taiwan in 2002. First, collect the specification of cell-phone into structural files through the principle of open...
Business games are usually an improved way for participants to learn in an exciting, novel and competitive way, the business world. The participants can turn business plan into real time decisions, examine their decisions and learn from their own success or failures in a competitive environment. The objective of a business game is to offer participants the opportunity to learn by doing to manage a...
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