Regression models of behavior for managerial decision making |
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Authors: | Herbert Moskowitz |
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Institution: | Krannert School of Industrial Administration, Purdue University, West Lafayette, Indiana USA |
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Abstract: | A principal problem in systems studies concerns the development of models that will be accepted and used by decision makers in organizations. Regression models derived from managers' past behavior offer promise in overcoming this problem for many repetitive types of decisions. Employing a simulated production planning environment, this paper discusses both the potential usefulness and limitations of such models for understanding and improving decision making in practical applications. |
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