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The Role of Heuristic Methods as a Decision-Making Tool in Aggregate Production Planning

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  • Mahmood B. Ridha

Abstract

This study aims to explain the role of heuristic methods in the decision making process and as a tool for knowledge capture. As a result, we conclude that heuristic methods give better support to the decision maker than mathematical models in many cases especially when time and cost are critical factors in decision making.

Suggested Citation

  • Mahmood B. Ridha, 2015. "The Role of Heuristic Methods as a Decision-Making Tool in Aggregate Production Planning," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 6(2), pages 68-76, March.
    • Handle: RePEc:jfr:ijba11:v:6:y:2015:i:2:p:68-76
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    References listed on IDEAS

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    1. Wästlund, Erik & Otterbring, Tobias & Gustafsson, Anders & Shams, Poja, 2015. "Heuristics and resource depletion: eye-tracking customers’ in situ gaze behavior in the field," Journal of Business Research, Elsevier, vol. 68(1), pages 95-101.
    2. Pendharkar, Parag C., 2015. "Cost minimizing target setting heuristics for making inefficient decision-making units efficient," International Journal of Production Economics, Elsevier, vol. 162(C), pages 1-12.
    3. Hu, Zhan & Wang, X.T., 2014. "Trust or not: Heuristics for making trust-based choices in HR management," Journal of Business Research, Elsevier, vol. 67(8), pages 1710-1716.
    4. Smith, GF, 1990. "Heuristic methods for the analysis of managerial problems," Omega, Elsevier, vol. 18(6), pages 625-635.
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