DocumentCode
1941980
Title
An Optimal Partner Selection Approach Based on Prospect Theory
Author
Li, Xiaohui ; Wang, Jie ; Yu, Yang
Author_Institution
Dept. of Comput. Sci., Sun Yat-sen Univ., Guangzhou
fYear
2008
fDate
28-29 Sept. 2008
Firstpage
1
Lastpage
5
Abstract
The main objective of this paper is to model the psychology influence of decision maker when facing the low/high values (or profits, utilities) and risks during the partner selection process of virtual organization (VO). An optimal approach based on prospect theory is proposed to balance the tendency between values and risks of selecting partners. In the end of this paper, a case study has been provided to substantiate the feasibility of the proposed approach.
Keywords
decision making; psychology; virtual enterprises; decision maker; optimal partner selection approach; prospect theory; psychology; virtual organization partner selection process; Costs; Decision making; Electrical capacitance tomography; Humans; Layout; Manufacturing; Optimized production technology; Psychology; Utility theory;
fLanguage
English
Publisher
ieee
Conference_Titel
Advanced Management of Information for Globalized Enterprises, 2008. AMIGE 2008. IEEE Symposium on
Conference_Location
Tianjin
Print_ISBN
978-1-4244-3694-1
Electronic_ISBN
978-1-4244-2972-1
Type
conf
DOI
10.1109/AMIGE.2008.ECP.31
Filename
4721473
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