2009
DOI: 10.1007/s10479-009-0617-1
|View full text |Cite
|
Sign up to set email alerts
|

Managerial insights from service industry models: a new scenario decomposition method

Abstract: The service industry literature has recently assisted to the development of several new decision-support models. The new models have been often corroborated via scenario analysis. We introduce a new approach to obtain managerial insights in scenario analysis. The method is based on the decomposition of model results across sub-scenarios generated according to the high dimensional model representation theory. The new method allows analysts to quantify the effects of factors, their synergies and to identify the … Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
3
1
1

Citation Types

0
8
0

Year Published

2011
2011
2022
2022

Publication Types

Select...
6
1

Relationship

1
6

Authors

Journals

citations
Cited by 11 publications
(8 citation statements)
references
References 39 publications
0
8
0
Order By: Relevance
“…This approach has been recently applied to assess the sensitivity of long-term CO 2 emissions to the different drivers under the Shared Socioeconomic Pathways (SSPs) (Marangoni et al [38]). Further application areas include those in operational decision-making [39,40].…”
Section: Sensitivity Analysismentioning
confidence: 99%
“…This approach has been recently applied to assess the sensitivity of long-term CO 2 emissions to the different drivers under the Shared Socioeconomic Pathways (SSPs) (Marangoni et al [38]). Further application areas include those in operational decision-making [39,40].…”
Section: Sensitivity Analysismentioning
confidence: 99%
“…A sensitivity analysis method should make it possible to obtain the following insights: In order to answer the above questions quantitatively, we utilize a generalization of the factor separation method (Stein and Alpert, 1983). For technical details and a rigorous mathematical derivation, we refer to the works of Efron andStein (1981), Sobol' (1993), Rabitz and Alis (1999), Borgonovo (2010), and Borgonovo and Peccati (2011).…”
Section: Sensitivity Analysis At Finite Changesmentioning
confidence: 99%
“…Then, by the factor separation method extended to factor groups (Sobol', 1993;Borgonovo and Peccati, 2011), one can write…”
Section: Sensitivity Analysis At Finite Changesmentioning
confidence: 99%
“…Many researchers utilize scenario analysis to test alternative combinations of the exogenous variables in order to create robust schedules. In so doing, the decision makers are provided with the effects of the variability of the decision-support criterion (Borgonovo & Peccati, 2011). Corominas, Lusa and Pastor (2004; formulate a mixed integer linear programming model to allocate the workforce, considering annualized hours.…”
Section: Literature Reviewmentioning
confidence: 99%