ISBN: 9781332278039 - Rationality and Structure in Behavioral Models of Business Systems (classic Reprint) (3 results)

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condition: New. Print on Demand. This book presents a persuasive case for considering rationality as an underused resource when creating and analyzing behavioral simulations of business systems. The author asserts that assuming business decision-making is intendedly rational and examining the rationality within decision-making processes uncovers explanatory power and insights otherwise overlooked. They propose two analytical methods that reveal the theory embedded within complex models. The first method encourages precise premise descriptions within decision functions and model equations, drawing attention to the presence of organizational processes that limit rational adjustment in business decisions. The second method involves partial model testing intended to highlight the intended rationality of decision-making. The book's insights are based on evidence that business decisions are often the result of rational processes within bounded and limited contexts, and that these decisions, while not necessarily optimal when viewed in isolation, contribute to overall system behavior. This book will be of interest to those seeking to improve their understanding of decision-making in business environments and the development of behavioral business simulations. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…