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
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;
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
DOI :
10.1109/AMIGE.2008.ECP.31
