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Decision Making: Recent Developments and Worldwide Applications

  • Book
  • © 2000

Overview

Editors:
  1. Stelios H. Zanakis

    1. College of Business Administration, Decision Science & Information Systems Department, Florida International University, Miami, USA

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  2. Georgios Doukidis

    1. Department of Management Science and Technology, Athens University of Economics & Business, Athens, Greece

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    You can also search for this editor in PubMed   Google Scholar

  3. Constantin Zopounidis

    1. Technical University of Crete, Department of Production Engineering and Management, Financial Engineering Laboratory, University Campus, Chania, Greece

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    You can also search for this editor in PubMed   Google Scholar

Part of the book series: Applied Optimization (APOP, volume 45)

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Table of contents (31 chapters)

  1. Front Matter

    Pages i-xv
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  3. Education Innovations & Distance Learning

    1. Front Matter

      Pages 47-47
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    2. Decision Support for the Management of Admissions to Academic Programs

      • K. S. Dhir, W. H. Platt, G. Watts
      Pages 49-64

    3. The Use of Tacit Knowledge in Selection Decisions in Universities

      • M. A. Barrett, L. K. Hort
      Pages 65-80

  4. International Business

    1. Front Matter

      Pages 81-81
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    2. Role of Political Violence in Foreign Direct Investment Decisions

      • H. Singh
      Pages 83-96

    3. On the Stability of Countries’ National Technological Systems

      • W. Nasierowski, F. J. Arcelus
      Pages 97-111

  5. Marketing

    1. Front Matter

      Pages 113-113
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    2. Marketing of Differentiated Fresh Produce

      • G. Baourakis, E. Lassithiotaki, P. M. Pardalos
      Pages 115-130

    3. A Decision Support System for the Seller’s Return Problem in the Product Line Design

      • G. Alexouda, K. Paparrizos
      Pages 131-140

  6. Finance and Banking

    1. Front Matter

      Pages 141-141
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    2. Portfolio Performance Measures: A Brief Survey and Hypothesis Testing

      • G. L. Ghai, T. E. Pactwa, A. J. Prakash
      Pages 143-155

    3. A System Dynamics Model of Stock Price Movements

      • P. L. Kunsch, M. Theys, A. Chevalier, J.-P. Iacopetta
      Pages 157-171

    4. Information Effects on the Accuracy of Neural Network Financial Forecasting

      • S. Walczak
      Pages 173-182

    5. Is the Taiwan Stock Market Efficient?

      • J. P. Gupta, I. M. Pandey, Chen Chao-Fu
      Pages 183-196

    6. The Dynamics of Implied Volatility Surfaces

      • G. Skiadopoulos, S. Hodges, L. Clewlow
      Pages 197-211
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Keywords

About this book

This chapter describes a study conducted at the Swinburne University of Technology in Australia, in their School of Business. The study was to explore the applicability of a judgment-analytic decision support system to the assessment of the likelihood of an applicant being selected for admission to the School's Graduate Certificate in Business Administration (GCBA) program. The likelihood of a program administrator selecting a particular applicant is directly linked to the assessment of the likelihood of that applicant's success in the GCBA program. The purpose of this study, in effect, was to analyze the administrative judgment process in assessment of an applicant's likelihood of success in the program. THE PROCESS OF HUMAN JUDGMENT Human judgment is a process through which an individual uses social infonnation to make decisions. The social infonnation is obtained from an individual's environment and is interpreted through the individual's cognitive image of the environment. The. cognitive image provides a representation of the environment based on past experiences and training, and essentially predisposes the person to respond to social infonnation in predictable ways. An individual's policies or beliefs about the environment represent these patterns. Human judgments are based then upon one's interpretation of available infonnation. They are probability statements about one's environment and how one reacts to it. This condition leads to the human judgment process being inherently limited. It is fundamentally a covert process. It is seldom possible for an individual to accurately describe his or her judgment process accurately.

Editors and Affiliations

  • College of Business Administration, Decision Science & Information Systems Department, Florida International University, Miami, USA

    Stelios H. Zanakis

  • Department of Management Science and Technology, Athens University of Economics & Business, Athens, Greece

    Georgios Doukidis

  • Technical University of Crete, Department of Production Engineering and Management, Financial Engineering Laboratory, University Campus, Chania, Greece

    Constantin Zopounidis

Bibliographic Information

  • Book Title: Decision Making: Recent Developments and Worldwide Applications

  • Editors: Stelios H. Zanakis, Georgios Doukidis, Constantin Zopounidis

  • Series Title: Applied Optimization

  • DOI: https://doi.org/10.1007/978-1-4757-4919-9

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media Dordrecht 2000

  • Hardcover ISBN: 978-0-7923-6621-8Published: 30 November 2000

  • Softcover ISBN: 978-1-4419-4839-7Published: 07 December 2010

  • eBook ISBN: 978-1-4757-4919-9Published: 17 April 2013

  • Series ISSN: 1384-6485

  • Edition Number: 1

  • Number of Pages: XVI, 494

  • Topics: Operations Research/Decision Theory, Management, Finance, general, Data Structures and Information Theory

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