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Management Information Systems

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Montclair State University

Articles 31 - 35 of 35

Full-Text Articles in Business

Using Van Valens Procedure In Business Research To Assess Consistent Differences In Multidimensional Variability In Two Or More Groups, Mark L. Berenson, Kimberly Killmer Hollister Jun 2008

Using Van Valens Procedure In Business Research To Assess Consistent Differences In Multidimensional Variability In Two Or More Groups, Mark L. Berenson, Kimberly Killmer Hollister

Department of Information Management and Business Analytics Faculty Scholarship and Creative Works

Much business research involves comparisons in two or more groups on many dimensions. This paper primarily focuses on demonstrating and providing guidance as to how researchers should approach a multivariate analysis in the comparison of sets of corresponding characteristics in two or more independent groups. In particular, this paper demonstrates the utility of a simple but not widely known procedure developed by Van Valen (1978) that should be employed to test for the significance of differences in overall variability in the sets of corresponding characteristics in two or more groups, a test that enjoys much statistical power in detecting significant …


Chapter Xii: A Comparison And Scenario Analysis Of Leading Data Mining Software, John Wang, Xiaohua Hu, Kimberly Hollister, Dan Zhu Apr 2008

Chapter Xii: A Comparison And Scenario Analysis Of Leading Data Mining Software, John Wang, Xiaohua Hu, Kimberly Hollister, Dan Zhu

Department of Information Management and Business Analytics Faculty Scholarship and Creative Works

Finding the right software is often hindered by different criteria as well as by technology changes. We performed an analytic hierarchy process (AHP) analysis using Expert Choice to determine which data mining package was best suitable for us. Deliberating a dozen alternatives and objectives led us to a series of pair-wise comparisons. When further synthesizing the results, Expert Choice helped us provide a clear rationale for the decision. The issue is that data mining technology is changing very rapidly. Our article focused only on the major suppliers typically available in the market place. The method and the process that we …


A Risk/Cost Framework For Logistics Policy Evaluation: Hazardous Waste Management, Kimberly Hollister Apr 2002

A Risk/Cost Framework For Logistics Policy Evaluation: Hazardous Waste Management, Kimberly Hollister

Department of Information Management and Business Analytics Faculty Scholarship and Creative Works

The management of hazardous waste disposal operations is extremely complex involving a multitude of environmental, engineering, economic, social and political concerns. This article proposes a framework to assist policy makers in the evaluation of logistic policies. A spatial general equilibrium based policy evaluation model is developed to calculate risk, cost, and risk equity tradeoff curves. This framework provides policy makers a tool with which they can relate resulting logistics patterns and their associated risk, cost, and equity attributes to original policy goals.


Note On Optimal Inventory Management Under Inflation, Ram Misra Jan 1979

Note On Optimal Inventory Management Under Inflation, Ram Misra

Department of Information Management and Business Analytics Faculty Scholarship and Creative Works

This paper develops a discounted-cost model that is similar to the classical economic order quantity model but includes inflation rates as parameters of the inventory system. A numerical problem is solved to illustrate the effects.


Optimum Production Lot Size Model For A System With Deteriorating Inventory, Ram Misra Jan 1975

Optimum Production Lot Size Model For A System With Deteriorating Inventory, Ram Misra

Department of Information Management and Business Analytics Faculty Scholarship and Creative Works

A production lot size model has been developed for an inventory system with deteriorating items. Both the varying and constant rate of deterioration have been included in the analysis. For the case of a varying rate, it seems impossible to obtain a simple expression for the production lot size, so a numerical method has been suggested. For the constant rate of deterioration case, an approximate expression has been derived for the production lot size. Finally, a numerical example is solved to show the impact of deterioration.