IDEAS home Printed from https://ideas.repec.org/a/inm/ormnsc/v9y1963i2p310-321.html
   My bibliography  Save this article

Consistency and Optimality in Managerial Decision Making

Author

Listed:
  • E. H. Bowman

    (Massachusetts Institute of Technology)

Abstract

This paper reports some research, ideas, and theory about managerial decision making. The first research projects dealt with are aggregate production and employment scheduling. From this is developed the idea that management's own (past) decisions can be incorporated into a system of improving their present decisions. Decision rules are developed, with the coefficients in the rules derived from management's past decisions (rather than from a cost or value model). Half a dozen test cases are used to illustrate and test these ideas (theory). Some rationale about decision making in organizations and criteria surfaces is supplied to help interpret the major ideas presented.

Suggested Citation

  • E. H. Bowman, 1963. "Consistency and Optimality in Managerial Decision Making," Management Science, INFORMS, vol. 9(2), pages 310-321, January.
    • Handle: RePEc:inm:ormnsc:v:9:y:1963:i:2:p:310-321
    DOI: 10.1287/mnsc.9.2.310
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/mnsc.9.2.310
    Download Restriction: no
    File URL: https://libkey.io/10.1287/mnsc.9.2.310?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:9:y:1963:i:2:p:310-321. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.