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Decision Making: Recent Developments and Worldwide Applications

  • Stelios H. Zanakis
  • Georgios Doukidis
  • Constantin Zopounidis

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

Table of contents

  1. Front Matter
    Pages i-xv
  2. Management Information Systems

  3. Education Innovations & Distance Learning

    1. Front Matter
      Pages 47-47
    2. K. S. Dhir, W. H. Platt, G. Watts
      Pages 49-64
  4. International Business

    1. Front Matter
      Pages 81-81
    2. W. Nasierowski, F. J. Arcelus
      Pages 97-111
  5. Marketing

    1. Front Matter
      Pages 113-113
    2. G. Baourakis, E. Lassithiotaki, P. M. Pardalos
      Pages 115-130
  6. Finance and Banking

    1. Front Matter
      Pages 141-141
    2. G. L. Ghai, T. E. Pactwa, A. J. Prakash
      Pages 143-155
    3. P. L. Kunsch, M. Theys, A. Chevalier, J.-P. Iacopetta
      Pages 157-171
    4. J. P. Gupta, I. M. Pandey, Chen Chao-Fu
      Pages 183-196
    5. G. Skiadopoulos, S. Hodges, L. Clewlow
      Pages 197-211
  7. Optimization & Decision Making

  8. Multi-Criteria Decision Analysis, Aid & Practice

    1. Front Matter
      Pages 293-293
    2. C. A. Bana e Costa, J.-C. Vansnick
      Pages 317-329
    3. I. Stamelos, I. Refanidis, P. Katsaros, A. Tsoukias, I. Vlahavas, A. Pombortsis
      Pages 347-360
    4. M. Doumpos, K. Pentaraki, C. Zopounidis, C. Agorastos
      Pages 361-377
  9. Decision Support Systems and Information Technology

    1. Front Matter
      Pages 379-379
    2. J. Bartzis, J. Ehrhardt, S. French, J. Lochard, M. Morrey, K. N. Papamichail et al.
      Pages 381-395
    3. G. M. Giaglis, K. M. Manikas, V. Pergioudakis, G. I. Doukidis, P. Miliotis
      Pages 397-412
    4. S. T. Huhn, R. A. Holloway, B. A. Potter, R. A. Berry
      Pages 413-424
  10. Health Care Planning & Hospital Operations

    1. Front Matter
      Pages 457-457
    2. J. J. Martín, M. P. López del Amo, R. Caballero, T. Gómez, J. Molina, F. Ruiz
      Pages 459-474
    3. E. Ei-Darzi, C. Vasilakis, T. J. Chaussalet, P. H. Millard
      Pages 475-485
  11. Back Matter
    Pages 487-493

About this book

Introduction

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.

Keywords

Analysis Banking Finance Investment Investments Leasing business communication information information technology innovation linear optimization operations research optimization

Editors and affiliations

  • Stelios H. Zanakis
    • 1
  • Georgios Doukidis
    • 2
  • Constantin Zopounidis
    • 3
  1. 1.College of Business Administration, Decision Science & Information Systems DepartmentFlorida International UniversityMiamiUSA
  2. 2.Department of Management Science and TechnologyAthens University of Economics & BusinessAthensGreece
  3. 3.Technical University of Crete, Department of Production Engineering and Management, Financial Engineering LaboratoryUniversity CampusChaniaGreece

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4757-4919-9
  • Copyright Information Springer-Verlag US 2000
  • Publisher Name Springer, Boston, MA
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4419-4839-7
  • Online ISBN 978-1-4757-4919-9
  • Series Print ISSN 1384-6485
  • Buy this book on publisher's site
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