摘要:

ABSTRACTBusinesses operating under inflationary conditions need capital‐budgeting models that help them judge the adequacy of returns on their investments and also allow them to keep capital intact by considering the erosive effects of inflation. The model proposed in this paper computes a modified internal rate of return (IRR); if cash inflows from a project are divided between earnings and recovery of capital, total recovery equals that amount which the capital‐budgeting concept adopted by the business specifies (such as the original investment in constant dollars or its replacement cost). Under this model, a project should be accepted only if this computed rate equals or exceeds a hurdle rate that consists of the inflation‐free rate of return plus the effect of inflation on such a return. Other modifications to the IRR model suggested in the literature do not completely satisfy the objective of capital budgeting under inflationary condi

ISSN:0011-7315    

DOI:10.1111/j.1540-5915.1986.tb00209.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

ABSTRACTBoth sophisticated and unsophisticated subjects were provided either a simple or a complex cue set at random on which to base decisions. A dual‐metric approach that consisted of measuring interrater consistency and cross‐item variance for each subject category was used to compare the decision quality of the subjects. Although complexity and decision quality were inversely related, the sophisticated subjects performed relatively better using the complex cue set; the unsophisticated subjects performed better using the simple cue set. These findings support the notion that decision‐maker and task compatibility are important to the assessment of decision qu

ISSN:0011-7315    

DOI:10.1111/j.1540-5915.1986.tb00210.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

ABSTRACTTwo laboratory studies manipulated variables in order to observe their effect on the escalation of individuals' commitment to earlier investment decisions. The experimental results indicated that escalation of commitment to a failing course of action is not a general phenomenon. Information pertinent to the future prospects of reinvestment and to decision alternatives provided main effects. Neither study showed a main effect for initial success vs. failure. Decision‐maker gender consistently influenced decisions in both studies through interactions with success/failure feedback and through the communicated attributions of “powerful others” regarding the causes of previous decision outcomes. Implications for theory and research are disc

ISSN:0011-7315    

DOI:10.1111/j.1540-5915.1986.tb00211.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

ABSTRACTThis paper reports on a study of the issue relationships and priorities used by public officials in making local economic‐development policy decisions. Economic success criteria for evaluating distressed areas were compared and were found to vary in importance among officials. Policy bases of expert judges were determined. Their differences, as well as the implications of including this type of knowledge in the decision‐making process, are discussed. Recommendations for a more detailed understanding of the public‐policy decision process in economic development, through the use of a policy‐capture approach, a

ISSN:0011-7315    

DOI:10.1111/j.1540-5915.1986.tb00212.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

ABSTRACTData obtained from the intention‐to‐buy scale often are used for early product screening. The authors discuss current procedures to evaluate these data and indicate the minor rote that risk assessment has played. Evaluation rules that incorporate the risk factor are presented, and their usefulness for product selection is discus

ISSN:0011-7315    

DOI:10.1111/j.1540-5915.1986.tb00213.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

ABSTRACTA laboratory experiment examined the effects of applying decision support system (DSS) technology to decision making in ill‐structured problem environments under varying information conditions. Marketing executives participated in the experiment which investigated the effects of DSS availability, DSS training, and data availability on dependent variables that included: (1) the number of alternatives considered by a subject during decision making, (2) the period of time spent by a subject to complete the decision‐making process, (3) the subject's perceived confidence in the decisions he or she had made, (4) the amount of data considered by a subject's during decision making, (5) the individual subject's decision processing, and (6) the subject's performance overall. Our results indicate that all three factors significantly affect the number of alternatives considered by subjects during the decision‐making process. We therefore suggest that DSS training be coordinated with decision training in order to realize the potential of DSSs as described in the DSS liter

ISSN:0011-7315    

DOI:10.1111/j.1540-5915.1986.tb00214.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

ABSTRACTGroup project work is an integral part of many university courses. Assigning students to project groups can be difficult because of the students' diverse backgrounds. Many instructors therefore decide not to assign group projects. This paper develops and validates an instrument that assigns both experienced and inexperienced students to different project groups, thereby creating a balanced, fair environment. The instrument is checked for reliability and validity and then is used to assign students to different project groups. Based on group performance, the end‐of‐the‐semester results also are provided. Path analysis is used to test a causal model. Conclusions and implications for future research are pres

ISSN:0011-7315    

DOI:10.1111/j.1540-5915.1986.tb00215.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

ABSTRACTThis paper identifies and classifies 164 journal articles on management science in banking according to technique and application area. An analysis provides some interesting insights into historical trends and future prospects for research.

ISSN:0011-7315    

DOI:10.1111/j.1540-5915.1986.tb00216.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY