| Using Laboratory Experiments to Build Better Operations Management Models Contributor(s): Katok, Elena (Author), Kotak, Elena (Author) |
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ISBN: 1601984944 ISBN-13: 9781601984944 Publisher: Now Publishers OUR PRICE: $66.50 Product Type: Paperback Published: November 2011 |
| Additional Information |
| BISAC Categories: - Business & Economics | Operations Research - Technology & Engineering | Industrial Engineering - Business & Economics | Production & Operations Management |
| Dewey: 658.403 |
| Series: Foundations and Trends(r) in Technology, Information, and Op |
| Physical Information: 0.21" H x 6.14" W x 9.21" (0.33 lbs) 100 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Using Laboratory Experiments to Build Better Operations Management Models focuses on controlled laboratory experiments used to test existing, and develop new, theory in operations management. Much of the methodology I discuss is in line with economics rather than psychology, which also provide a valid and useful, but different, paradigm. This monograph is organized as follows. Section 2 presents a short history of experimental economics, focusing specifically on some fundamental games that proved to be important in economics as well as in behavioral operations management. Section 3 discusses some basics of experimental design as well as "best practices" for conducting laboratory experiments. This section reviews issues related to providing a context, the effect of subject pool, the effect of incentives, and the uses of deception. The goal of sections 4, 5, and 6 to is outline how experiments have been used to shed light on behavioral factors within three different operational contexts -- the behavior in the Newsvendor problem (section 4), supply chain contracts (section 5), and procurement auctions (section 6). Section 7 concludes with a discussion of future trends and promising directions for future research. |
