The intense competition in the market highlighted the need of operation research. Operation research approaches to problem solving often embody an attempt to obtain mathematically optimal solutions to managerial problems. OR by nature is a problem solving and decision making technique. OR is t...
Decision-making is defined as the selection of a course of action from among alternatives to achieve a specific objective or to solve a specific problem. Decision-making procedure is very important. Managers face a broad spectrum of problems in making decisions ranging from question of too many a...
The next important step in the decision-making process in management is identifying the problem that needs to be addressed. Once the problem has been identified, the manager will gather information about possible solutions. This may involve consulting with others, doing research, or running simulation...
Research limitations/implications – The use of importance-performance analysis is explored in assessing the competitiveness of Macao SAR as a city for international conventions. The research findings indicate that IPA is an effective method and has the potential to become a valuable strategic management...
or initiatives that can ensure a stable backbone for your management reports and business operations. Data based decision making will propel your business to new heights while making it more adaptable to an ever-changing commercial landscape. It should be at the heart of all of your strategies, ...
While significant progress has been made in this area, further research is needed to identify the optimal combination of preprocessing techniques and prediction models for RUL estimation. In this article, the impact of various feature engineering and feature selection methods was investigated on RUL ...
49% of consumers trust online reviews as much as personal recommendations from family members. Through this research, they also found that60% of consumers feel that the number of reviews is also a factor in their decision to purchase a product.As such, when your customers purchase...
Importance–performance analysis (IPA) is extensively used in hospitality and tourism research because of its simplicity. However, due to the lack of critical statistical analysis, the traditional IPA framework is compromised by serious reliability and validity issues. Although many researchers have tried...
The parent is the most critical link and decision-maker between the patient and the healthcare provider in treating many pediatric diseases. This entity is essential for the management of pediatric breast diseases for which the rate of surgical intervention is known to be very low. Although previo...
For example, a company may decide to expand into an international market. This move may involve tremendous operational risk. However, if the market is untapped and proper research has been conducted, the reward of expanding the business may far outweigh the operational risk. Sometimes, companies ...