Research Reports from the Department of Operations

Document Type

Report

Publication Date

2-1-1968

Abstract

In an interesting paper in Behavioral Science, Volume 12 (1967) Professor Amnon Rapoport reported on his tests of the dynamic decision making capabilities of a group of students. He found that the students did not perform well relative to the normative results predicted by two quantitative inventory models he had chosen. It is the purpose of this paper to point out that the wrong normative models were chosen and that if the appropriate inventory model is picked, the students actually performed reasonably well.

Keywords

Amnon Rapoport, Decision making--Mathematical models, Inventory control--Mathematical models, Behavioral assessment, Operations research

Publication Title

Technical Memorandums from the Department of Operations, School of Management, Case Western Reserve University

Issue

Technical memorandum no. 98

Rights

This work is in the public domain and may be freely downloaded for personal or academic use

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