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Journal articles on the topic 'Heuristic methodology'

Author: Grafiati

Published: 4 June 2021

Last updated: 28 January 2023

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1

Soria-Alcaraz, Jorge A., Gabriela Ochoa, Andres Espinal, Marco A. Sotelo-Figueroa, Manuel Ornelas-Rodriguez, and Horacio Rostro-Gonzalez. "A Methodology for Classifying Search Operators as Intensification or Diversification Heuristics." Complexity 2020 (February 13, 2020): 1–10. http://dx.doi.org/10.1155/2020/2871835.

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Selection hyper-heuristics are generic search tools that dynamically choose, from a given pool, the most promising operator (low-level heuristic) to apply at each iteration of the search process. The performance of these methods depends on the quality of the heuristic pool. Two types of heuristics can be part of the pool: diversification heuristics, which help to escape from local optima, and intensification heuristics, which effectively exploit promising regions in the vicinity of good solutions. An effective search strategy needs a balance between these two strategies. However, it is not str

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Drake, John H., Matthew Hyde, Khaled Ibrahim, and Ender Ozcan. "A genetic programming hyper-heuristic for the multidimensional knapsack problem." Kybernetes 43, no. 9/10 (November 3, 2014): 1500–1511. http://dx.doi.org/10.1108/k-09-2013-0201.

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Purpose – Hyper-heuristics are a class of high-level search techniques which operate on a search space of heuristics rather than directly on a search space of solutions. The purpose of this paper is to investigate the suitability of using genetic programming as a hyper-heuristic methodology to generate constructive heuristics to solve the multidimensional 0-1 knapsack problem Design/methodology/approach – Early hyper-heuristics focused on selecting and applying a low-level heuristic at each stage of a search. Recent trends in hyper-heuristic research have led to a number of approaches being de

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Burke, Edmund K., Matthew R. Hyde, Graham Kendall, and John Woodward. "Automating the Packing Heuristic Design Process with Genetic Programming." Evolutionary Computation 20, no. 1 (March 2012): 63–89. http://dx.doi.org/10.1162/evco_a_00044.

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The literature shows that one-, two-, and three-dimensional bin packing and knapsack packing are difficult problems in operational research. Many techniques, including exact, heuristic, and metaheuristic approaches, have been investigated to solve these problems and it is often not clear which method to use when presented with a new instance. This paper presents an approach which is motivated by the goal of building computer systems which can design heuristic methods. The overall aim is to explore the possibilities for automating the heuristic design process. We present a genetic programming s

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Luescher, Andreas. "The Professional Portfolio as Heuristic Methodology." Journal of Technical Writing and Communication 32, no. 4 (October 2002): 353–66. http://dx.doi.org/10.2190/0yg4-3yrh-kk3n-ykgx.

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The antecedents of literary autobiography as we know it today emerged during the 17th century against a backdrop of the rise of empirical science and inductive method. An arguably older form of autobiography—the portfolio—has, unlike the literary biography, languished on the periphery of academia during our time. While it should not be controversial to say that possession of an heuristic bent is one mark of a successful education (since learning how to think, that is learning how to be open, alert, engaged, is the fundamental mission of the student), the portfolio has been ignored in part beca

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Savolainen, Reijo. "Heuristics elements of information-seeking strategies and tactics: a conceptual analysis." Journal of Documentation 73, no. 6 (October 9, 2017): 1322–42. http://dx.doi.org/10.1108/jd-11-2016-0144.

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Purpose The purpose of this paper is to elaborate the picture of strategies and tactics for information seeking and searching by focusing on the heuristic elements of such strategies and tactics. Design/methodology/approach A conceptual analysis of a sample of 31 pertinent investigations was conducted to find out how researchers have approached heuristics in the above context since the 1970s. To achieve this, the study draws on the ideas produced within the research programmes on Heuristics and Biases, and Fast and Frugal Heuristics. Findings Researchers have approached the heuristic elements

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Singh, Dilraj, and Harmanpreet Bhatia. "An Exploratory Study On Scope Of Heuristic Methodology For Teaching In Hospitality Institutes During Pandemic." PUSA Journal of Hospitality and Applied Sciences 8, no. 1 (November 30, 2022): 18–33. http://dx.doi.org/10.48165/pjhas.2022.8.1.2.

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Background: Learning is the on-going and continuous process through our lives , there are some learning which is done through exploring new ventures, thinking differently to solve a particular problem, some learnings are through experiments and demonstrations which cannot be taught in white and black, this is where the heuristics learning evolve and came into existence and it also help the teachers or educators to break the monotony of traditional teaching methods and let the student to swim in the ocean of knowledge and get to the shore with the best possible results to the problems. Objectiv

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Mellouli, O., I. Hafidi, and A. Metrane. "A modified choice function hyper-heuristic with Boltzmann function." Mathematical Modeling and Computing 8, no. 4 (2021): 736–46. http://dx.doi.org/10.23939/mmc2021.04.736.

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Hyper-heuristics are a subclass of high-level research methods that function in a low-level heuristic research space. Their aim objective is to improve the level of generality for solving combinatorial optimization problems using two main components: a methodology for the heuristic selection and a move acceptance criterion, to ensure intensification and diversification [1]. Thus, rather than working directly on the problem's solutions and selecting one of them to proceed to the next step at each stage, hyper-heuristics operates on a low-level heuristic research space. The choice function is on

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Lee, Jin Lee, Doo Ho Park, and Chang Hoon Lee. "Phishing Detection Methodology Using Web Sites Heuristic." KIPS Transactions on Computer and Communication Systems 4, no. 10 (October 31, 2015): 349–60. http://dx.doi.org/10.3745/ktccs.2015.4.10.349.

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Schwaninger, M. "Integrative Systems Methodology: Heuristic for Requisite Variety." International Transactions in Operational Research 4, no. 2 (March 1997): 109–23. http://dx.doi.org/10.1111/j.1475-3995.1997.tb00068.x.

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Lengler, Johannes. "The Cohen–Lenstra heuristic: Methodology and results." Journal of Algebra 323, no. 10 (May 2010): 2960–76. http://dx.doi.org/10.1016/j.jalgebra.2010.01.016.

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MALITSKY, YURI, and MEINOLF SELLMANN. "STOCHASTIC OFFLINE PROGRAMMING." International Journal on Artificial Intelligence Tools 19, no. 04 (August 2010): 351–71. http://dx.doi.org/10.1142/s0218213010000236.

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We propose a framework which we call stochastic off-line programming (SOP). The idea is to embed the development of combinatorial algorithms in an off-line learning environment which helps the developer choose heuristic advisors that guide the search for satisfying or optimal solutions. In particular, we consider the case where the developer has several heuristic advisors available. Rather than selecting a single heuristic, we propose that one of the heuristics is chosen randomly whenever the heuristic guidance is sought. The task of the SOP is to learn favorable instance-specific distribution

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González Vargas, Guillermo, and Felipe González Aristizábal. "Metaheuristics applied to vehicle routing. A case study. Part 3: Genetic Clustering and Tabu Routing." Ingeniería e Investigación 27, no. 2 (May 1, 2007): 106–13. http://dx.doi.org/10.15446/ing.investig.v27n2.14838.

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This paper presents hybrid meta-heuristics called Genetic Clustering and Tabu Routing for solving a vehicle routing problem using two phases methodology: first clustering and then routing. The results are compared with those obtained using meta-heuristics and heuristic techniques presented in previous papers. Genetic clustering and Tabu routing average results were 23% and 9.1% better, respectively.

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Aanstoos, Christopher M. "Review of Heuristic research: Design, methodology, and applications." Humanistic Psychologist 19, no. 2 (1991): 237–38. http://dx.doi.org/10.1037/h0101439.

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Voutchkov, Nikolay S., and Paul F. Boulos. "Heuristic Screening Methodology for Regional Wastewater‐Treatment Planning." Journal of Environmental Engineering 119, no. 4 (July 1993): 603–14. http://dx.doi.org/10.1061/(asce)0733-9372(1993)119:4(603).

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TELELIS, ORESTIS, and PANAGIOTIS STAMATOPOULOS. "GUIDING CONSTRUCTIVE SEARCH WITH STATISTICAL INSTANCE-BASE LEARNING." International Journal on Artificial Intelligence Tools 11, no. 02 (June 2002): 247–66. http://dx.doi.org/10.1142/s0218213002000885.

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Several real world applications involve solving combinatorial optimization problems. Commonly, existing heuristic approaches are designed to address specific difficulties of the underlying problem and are applicable only within its framework. We suspect, however, that search spaces of combinatorial problems are rich in intuitive statistical and numerical information, which could be exploited heuristically in a generic manner, towards achievement of optimized solutions. Our work presents such a heuristic methodology, which can be adequately configured for several types of optimization problems.

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Lei, Yu, Maoguo Gong, Licheng Jiao, and Yi Zuo. "A memetic algorithm based on hyper-heuristics for examination timetabling problems." International Journal of Intelligent Computing and Cybernetics 8, no. 2 (June 8, 2015): 139–51. http://dx.doi.org/10.1108/ijicc-02-2015-0005.

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Purpose – The examination timetabling problem is an NP-hard problem. A large number of approaches for this problem are developed to find more appropriate search strategies. Hyper-heuristic is a kind of representative methods. In hyper-heuristic, the high-level search is executed to construct heuristic lists by traditional methods (such as Tabu search, variable neighborhoods and so on). The purpose of this paper is to apply the evolutionary strategy instead of traditional methods for high-level search to improve the capability of global search. Design/methodology/approach – This paper combines

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Jackovich, Petar, Bruce Cox, and Raymond R. Hill. "Comparing greedy constructive heuristic subtour elimination methods for the traveling salesman problem." Journal of Defense Analytics and Logistics 4, no. 2 (November 30, 2020): 167–82. http://dx.doi.org/10.1108/jdal-09-2020-0018.

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Purpose This paper aims to define the class of fragment constructive heuristics used to compute feasible solutions for the traveling salesman problem (TSP) into edge-greedy and vertex-greedy subclasses. As these subclasses of heuristics can create subtours, two known methodologies for subtour elimination on symmetric instances are reviewed and are expanded to cover asymmetric problem instances. This paper introduces a third novel subtour elimination methodology, the greedy tracker (GT), and compares it to both known methodologies. Design/methodology/approach Computational results for all three

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Abdellatif, Houssem, and Bodo Heimann. "A novel multiple-heuristic approach for singularity-free motion planning of spatial parallel manipulators." Robotica 26, no. 5 (September 2008): 679–89. http://dx.doi.org/10.1017/s0263574708004311.

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SUMMARYThe issue of motion planning for closed-loop mechanisms, such as parallel manipulators or robots, is still an open question. This paper proposes a novel approach for motion planning of spatial parallel robots. The framework for the geometric modeling is based on the visibility graph methodology. It is opted for a multiple-heuristics approach, where different influences are integrated in a multiplicative way within the heuristic cost function. Since the issue of singularities is a fundamental one for parallel robots, it is emphasized on the avoidance of such configurations. To include si

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Maqsood, Shahid, M. Khurshid Khan, Alastair Wood, and I. Hussain. "A Novel Heuristic Rule for Job Shop Scheduling." International Journal of Customer Relationship Marketing and Management 4, no. 1 (January 2013): 28–40. http://dx.doi.org/10.4018/jcrmm.2013010103.

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Scheduling systems based on traditional heuristic rules, which deal with the complexities of manufacturing systems, have been used by researchers for the past six decades. These heuristics rules prioritise all jobs that are waiting to be processed on a resource. In this paper, a novel Index Based Heuristic (IBH) solution for the Job Shop Scheduling Problem (JSSP) is presented with the objective of minimising the overall Makespan (Cmax). The JSSP is still a challenge to researchers and is far from being completely solved due to its combinatorial nature. JSSP suits the challenges of current manu

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Dimaguila, Gerardo Luis, Kathleen Gray, and Mark Merolli. "Enabling Better Use of Person-Generated Health Data in Stroke Rehabilitation Systems: Systematic Development of Design Heuristics." Journal of Medical Internet Research 22, no. 7 (July 28, 2020): e17132. http://dx.doi.org/10.2196/17132.

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Background An established and well-known method for usability assessment of various human-computer interaction technologies is called heuristic evaluation (HE). HE has been adopted for evaluations in a wide variety of specialized contexts and with objectives that go beyond usability. A set of heuristics to evaluate how health information technologies (HITs) incorporate features that enable effective patient use of person-generated health data (PGHD) is needed in an era where there is a growing demand and variety of PGHD-enabled technologies in health care and where a number of remote patient-m

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JENSEN, FINN V., UFFE KJÆRULFF, BRIAN KRISTIANSEN, HELGE LANGSETH, CLAUS SKAANNING, JIŘÍ VOMLEL, and MARTA VOMLELOVÁ. "The SACSO methodology for troubleshooting complex systems." Artificial Intelligence for Engineering Design, Analysis and Manufacturing 15, no. 4 (September 2001): 321–33. http://dx.doi.org/10.1017/s0890060401154065.

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The paper describes the task of performing efficient decision-theoretic troubleshooting of electromechanical devices. In general, this task is NP-complete, but under fairly strict assumptions, a greedy approach will yield an optimal sequence of actions, as discussed in the paper. This set of assumptions is weaker than the set proposed by Heckerman et al. (1995). However, the printing system domain, which motivated the research and which is described in detail in the paper, does not meet the requirements for the greedy approach, and a heuristic method is used. The method takes value of identifi

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Moser, Andrea K. "Buying organic – decision-making heuristics and empirical evidence from Germany." Journal of Consumer Marketing 33, no. 7 (November 14, 2016): 552–61. http://dx.doi.org/10.1108/jcm-04-2016-1790.

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Purpose Identifying the drivers that positively influence consumption of organic products is of utmost importance to reach consumers beyond the niche. Therefore, this study aims to propose an innovative framework which conceptualizes motivating beliefs and a simple decision-making heuristic as predictors of buying organic. Design/methodology/approach A structural equation approach is applied. Data were obtained from a nationwide panel (n = 1,760) and included survey data and scanner data for five different food categories. Findings The model is supported by actual purchasing data in all catego

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Govindasamy, V., and P. Thambidurai. "Heuristic Event Filtering Methodology for Interval based Temporal Semantics." International Journal of Computer Applications 70, no. 7 (May 17, 2013): 16–20. http://dx.doi.org/10.5120/11974-7836.

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Rahwan, Iyad, Liz Sonenberg, Nicholas R. Jennings, and Peter McBurney. "STRATUM: A METHODOLOGY FOR DESIGNING HEURISTIC AGENT NEGOTIATION STRATEGIES." Applied Artificial Intelligence 21, no. 6 (July 6, 2007): 489–527. http://dx.doi.org/10.1080/08839510701408971.

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Smejkalova, Veronika, Radovan Somplak, and Vlastimir Nevrly. "Heuristic Methodology for Forecasting of Production in Waste Management." MENDEL 23, no. 1 (June 1, 2017): 185–92. http://dx.doi.org/10.13164/mendel.2017.1.185.

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The forecast of waste production and disposal is an important requirement for a future waste management planning. The problem is very often a short time series of the database. This paper suggests an approach to forecast the production of multiple waste types in micro-regions taking into account this challenge by combining many techniques. The heuristic methodology consisting of few steps is formulated. First, the input data are transformed and the methods from cluster analysis are repetitively applied. The second step is about a determination of quality for trend functions based on historical

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MORTON, THOMAS, VENKATESH NARAYAN, and PRASAD RAMNATH. "A TUTORIAL ON BOTTLENECK DYNAMICS: A HEURISTIC SCHEDULING METHODOLOGY." Production and Operations Management 4, no. 2 (January 5, 2009): 94–107. http://dx.doi.org/10.1111/j.1937-5956.1995.tb00044.x.

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Jackson, France, and Lara Cheng. "UX in Practice: Applying a Heuristic Evaluation Technique to Real World Challenges." Proceedings of the Human Factors and Ergonomics Society Annual Meeting 62, no. 1 (September 2018): 702–3. http://dx.doi.org/10.1177/1541931218621159.

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Introduction Heuristic Evaluation is a usability method that requires usability experts to review and offer feedback on user interfaces based on a list of heuristics or guidelines. Heuristic Evaluations allow designers to get feedback early and quickly in the design process before a full usability test is done. Unlike many usability evaluation methods, Heuristic Evaluations are performed by usability experts as opposed to target users. That is one reason it is going to make a great challenge activity for the UX Day Challenge session. Heuristic Evaluation is a usability method often used in con

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Jackson, Kimberly F., Zahar Prasov, Emily C. Vincent, and Eric M. Jones. "A Heuristic Based Framework for Improving Design of Unmanned Systems by Quantifying and Assessing Operator Trust." Proceedings of the Human Factors and Ergonomics Society Annual Meeting 60, no. 1 (September 2016): 1696–700. http://dx.doi.org/10.1177/1541931213601390.

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Operator trust in autonomous capability is a critical factor affecting the success of fielded unmanned systems. However, current means of identifying trusted system behavior do not sufficiently inform guidelines for designing an engineering solution. We present a novel Trust Assessment Framework for providing actionable and formative feedback for building an unmanned system that promotes operators’ initial adoption of and reliance on its autonomous capabilities. Based on a review of the unmanned systems literature and a series of inquiries focusing on operators of unmanned aerial vehicles, we

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Shah, Syed Zulfiqar Ali, Maqsood Ahmad, and Faisal Mahmood. "Heuristic biases in investment decision-making and perceived market efficiency." Qualitative Research in Financial Markets 10, no. 1 (February 5, 2018): 85–110. http://dx.doi.org/10.1108/qrfm-04-2017-0033.

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Purpose This paper aims to clarify the mechanism by which heuristics influences the investment decisions of individual investors, actively trading on the Pakistan Stock Exchange (PSX), and the perceived efficiency of the market. Most studies focus on well-developed financial markets and very little is known about investors’ behaviour in less developed financial markets or emerging markets. The present study contributes to filling this gap in the literature. Design/methodology/approach Investors’ heuristic biases have been measured using a questionnaire, containing numerous items, including ind

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Vilchynskaya, Liudmila. "DEVELOPMENT OF INTERNAL MOTIVATION OF EDUCATIONAL ACTIVITY IN STUDENTS-ATHLETES ON THE BASIS OF USE OF HEURISTIC METHODS IN TEACHING SUBJECT "ANATOMY"." SOCIETY. INTEGRATION. EDUCATION. Proceedings of the International Scientific Conference 1 (May 26, 2017): 422. http://dx.doi.org/10.17770/sie2017vol1.2302.

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In the article the role of heuristic methods of training in development of an intrinsic motivation of the educational activity of students of specialty "Physical culture" reveals. The methodological basis of research is constituted by pedagogical heuristics – methodology of training through own search. Content of heuristic training includes two parts: invariant which is set from the outside and is acquired by the student, and variable, created by each of them in the course of educational activity.The problem of research is formulated as a question: how it is possible to strengthen an intrinsic

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Reynolds, Martin. "Triple-loop learning and conversing with reality." Kybernetes 43, no. 9/10 (November 3, 2014): 1381–91. http://dx.doi.org/10.1108/k-07-2014-0158.

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Purpose – Three levels of learning developed by Gregory Bateson in the tradition of second-order cybernetics have in-part been translated in terms of double-loop and triple-loop learning (TLL), particularly in the tradition of systems thinking. Learning III and TLL have gained less popularity since they deal with less tangible issues regarding virtues of wisdom and justice, respectively. The purpose of this paper is to provide a learning device – the systems thinking in practice (STiP) heuristic – which helps to retrieve the cybernetic concern for wisdom in association with an often forgotten

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Wang, Lingya, and Dean S. Oliver. "Efficient Optimization of Well-Drilling Sequence with Learned Heuristics." SPE Journal 24, no. 05 (August 26, 2019): 2111–34. http://dx.doi.org/10.2118/195640-pa.

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Summary When preparing a field–development plan, the forecast value of the development can be sensitive to the order in which the wells are drilled. Determining the optimal drilling sequence generally requires many simulation runs. In this paper, we formulate the sequential decision problem of a drilling schedule as one of finding a path in a decision tree that is most likely to generate the highest net present value (NPV). A nonparametric online–learning methodology is developed to efficiently compute the sequence of drilling wells that is optimal or near optimal. The main ideas behind the ap

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Cevikcan, Emre. "An optimization methodology for multi model walking-worker assembly systems: an application from busbar energy distribution systems." Assembly Automation 36, no. 4 (September 5, 2016): 439–59. http://dx.doi.org/10.1108/aa-09-2015-072.

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Purpose Walking-worker assembly lines can be regarded as an effective method to achieve the above-mentioned characteristics. In such systems, workers, following each other, travel workstations in sequence by performing all of the required tasks of their own product. As the eventual stage of assembly line design, efforts should be made for capacity adjustments to meet the demand in terms of allocating tasks to workers via assembly line balancing. In this context, the purpose of this study is to address the balancing problem for multi-model walking-worker assembly systems, with the aim of improv

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Montoya, Oscar Danilo, Federico Martin Serra, Cristian Hernan De Angelo, Harold R. Chamorro, and Lazaro Alvarado-Barrios. "Heuristic Methodology for Planning AC Rural Medium-Voltage Distribution Grids." Energies 14, no. 16 (August 20, 2021): 5141. http://dx.doi.org/10.3390/en14165141.

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The optimal expansion of AC medium-voltage distribution grids for rural applications is addressed in this study from a heuristic perspective. The optimal routes of a distribution feeder are selected by applying the concept of a minimum spanning tree by limiting the number of branches that are connected to a substation (mixed-integer linear programming formulation). In order to choose the caliber of the conductors for the selected feeder routes, the maximum expected current that is absorbed by the loads is calculated, thereby defining the minimum thermal bound of the conductor caliber. With the

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Igah, Simeon Abel. "A Schematic Research Guide Heuristic Model: Research Methodology Made Easy." International Journal of Advances in Scientific Research and Engineering 08, no. 01 (2022): 39–43. http://dx.doi.org/10.31695/ijasre.2022.8.1.5.

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Irani, K. B., and S. I. Yoo. "A methodology for solving problems: problem modeling and heuristic generation." IEEE Transactions on Pattern Analysis and Machine Intelligence 10, no. 5 (September 1988): 676–86. http://dx.doi.org/10.1109/34.6776.

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Song, Jungsuk, Younsu Lee, Kyuil Kim, Seokhun Kim, SooKyun Kim, and Sang-Soo Choi. "Automated Verification Methodology of Security Events Based on Heuristic Analysis." International Journal of Distributed Sensor Networks 11, no. 9 (January 2015): 817918. http://dx.doi.org/10.1155/2015/817918.

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Bai, Ruibin, Jacek Blazewicz, Edmund K. Burke, Graham Kendall, and Barry McCollum. "A simulated annealing hyper-heuristic methodology for flexible decision support." 4OR 10, no. 1 (November 23, 2011): 43–66. http://dx.doi.org/10.1007/s10288-011-0182-8.

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Chakraborty, A., and D. Deglon. "Development of a heuristic methodology for precise sensor network design." Computers & Chemical Engineering 32, no. 3 (March 2008): 382–95. http://dx.doi.org/10.1016/j.compchemeng.2007.02.008.

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Bensakhria, Mohamed, and Samir Abdelhamid. "A hybrid methodology based on heuristic algorithms for a production distribution system with routing decisions." Bizinfo Blace 12, no. 2 (2021): 1–22. http://dx.doi.org/10.5937/bizinfo2102001b.

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In this paper, we address the integration of a two-level supply chain with multiple items. This two-level production-distribution system features a capacitated production facility supplying several retailers located in the same region. If production does occur, this process incurs a fixed setup cost and unit production costs. Besides, deliveries are made from the plant to the retailers by a limited number of capacitated vehicles, routing costs incurred. This work aims to implement a minimization solution that reduces the total costs in both the production facility and retailers. The methodolog

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Cavarretta, Fabrice L. "On the hard problem of selecting bundles of rules: a conceptual exploration of heuristic emergence processes." Management Decision 59, no. 7 (May 10, 2021): 1598–616. http://dx.doi.org/10.1108/md-09-2019-1322.

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PurposeSo far, the simplicity of heuristics has been mostly studied at the rule level. However, actors' bounded rationality implies that small bundles of rules drive behavior. This study thus conducts a conceptual elaboration around such bundling. This leads to reflections on the various processes of heuristic emergence and to qualifications of the respective characteristics of basic heuristic classes.Design/methodology/approachDetermining which rules – out of many possible ones – to select in one's small bundle constitutes a difficult combinatorial problem. Fortunately, past research has demo

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Henrizi, Philipp, Dario Himmelsbach, and Stefan Hunziker. "Anchoring and adjustment effects on audit judgments: experimental evidence from Switzerland." Journal of Applied Accounting Research 22, no. 4 (February 24, 2021): 598–621. http://dx.doi.org/10.1108/jaar-01-2020-0011.

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PurposeThe purpose of this study is to illustrate the potentially detrimental effects on audit decision-making of certain judgmental heuristics, which can lead to systematic judgmental biases. This paper provides background on the heuristics and biases approaches to decision-making to increase auditors' awareness of the anchoring and adjustment effects affecting audit judgments adversely.Design/methodology/approachThis study reports the results of an experimental research design analyzing the audit judgment of 85 auditors in Switzerland.FindingsBased on the results of the experiment, the resul

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Kasoga, Pendo Shukrani. "Heuristic biases and investment decisions: multiple mediation mechanisms of risk tolerance and financial literacy—a survey at the Tanzania stock market." Journal of Money and Business 1, no. 2 (November 1, 2021): 102–16. http://dx.doi.org/10.1108/jmb-10-2021-0037.

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PurposeThe purpose of this research is to examine the effect of heuristic biases on investment decisions through multiple mediation mechanisms of risk tolerance and financial literacy in the Tanzanian stock market.Design/methodology/approachA sample of 316 individual investors in the Tanzanian stock market was obtained through questionnaires. The data were analyzed using structural equation modeling (SEM).FindingsThe findings show that financial literacy mediates insignificantly the effects of overconfidence, availability, anchoring and representativeness heuristics on investment decisions. Fu

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Rötheli, Tobias. "Heuristics versus econometrics as a basis for forecasting international inflation differentials." foresight 21, no. 2 (April 8, 2019): 216–26. http://dx.doi.org/10.1108/fs-07-2018-0070.

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Purpose This study aims to address the issue of prediction of inflation differences for an economy that considers either fixing its exchange rate or joining a currency union. In this setting, individual countries have limited control over their inflation, and anticipating the possible course of domestic inflation relative to inflation abroad becomes an important input in policy-making. In this context, the author compares simple forecast heuristics and econometric modeling. Design/methodology/approach The study compares two basically different approaches. The first approach of forecasting cons

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Silwal, Prem Prasad, and Shreya Bajracharya. "Behavioral Factors Influencing Stock Investment Decision of Individuals." International Research Journal of Management Science 6, no. 1 (December 31, 2021): 53–73. http://dx.doi.org/10.3126/irjms.v6i1.42339.

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Purpose: The purpose of this study is to identify the behavioral factors influencing individual investors’ decisions and to analyze the relationship between these factors and investment decision performance. Design/Methodology/Approach: The tested variables were: Anchoring bias, Gambler’s Fallacy, Overconfidence bias, Availability and Representativeness bias from heuristics factor, Mental Accounting, Loss and Regret Aversion from prospect factor, and Market variables and Herding factors. The study employed exploratory and confirmatory factor analysis. In addition, structural equation modeling

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Collins, Alan M., James Martin Cronin, Steve Burt, and Richard J. George. "From store brands to store brandscapes: the emergence of a time and money saving heuristic." European Journal of Marketing 49, no. 5/6 (May 11, 2015): 894–918. http://dx.doi.org/10.1108/ejm-01-2014-0038.

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Purpose – This paper aims to investigate the role of store brands as a time- and money-saving heuristic in the context of an omnipresent store brand hierarchy. Drawing on the work of Tversky and Kahneman (1982), it proposes that the store brand hierarchy is characterised by many of the traits of frequently used heuristics employed by grocery shoppers. Design/methodology/approach – Based on Chaiken’s (1980) model of information processing and Stigler’s (1961) perspective on the economics of information search, the study deductively establishes a model of store brand proneness to reveal the role

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Zavadskas, Edmundas Kazimieras, Romualdas Bausys, Ingrida Lescauskiene, and Ana Usovaite. "MULTIMOORA under Interval-Valued Neutrosophic Sets as the Basis for the Quantitative Heuristic Evaluation Methodology HEBIN." Mathematics 9, no. 1 (December 30, 2020): 66. http://dx.doi.org/10.3390/math9010066.

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During the last decade, researchers put a lot of effort into the development of the multi-criteria decision methods (MCDM) capable of dealing with the uncertainty and vagueness of the initial information. MCDM approaches that work under the environment of the interval-valued neutrosophic sets (IVNS) demonstrate credibility for the analysis of different opinions as well as for the inconsistency of the criteria evaluation data. The novel multicriteria decision-making approach MULTIMOORA-IVNS (multi-objective optimisation by ratio analysis under interval-valued neutrosophic sets) is presented in

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SULAKSMI, ANDRI, ANNISA KESY GARSIDE, and FITHRIANY HADZIQAH. "PENJADWALAN PRODUKSI DENGAN ALGORITMA HEURISTIK POUR (STUDI KASUS: KONVEKSI ONE WAY – MALANG)." Jurnal Teknik Industri 15, no. 1 (November 7, 2014): 35. http://dx.doi.org/10.22219/jtiumm.vol15.no1.35-44.

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PENJADWALAN PRODUKSI DENGAN ALGORITMAHEURISTIK POUR (STUDI KASUS: KONVEKSI ONE WAY –MALANG)ANDRI SULAKSMI, ANNISA KESY GARSIDE*, DAN FITHRIANY HADZIQAHJurusan Teknik Industri, Fakultas Teknik, Universitas Muhammadiyah MalangJl. Raya Tlogomas 246, Malang, Jawa Timur 65144Email: sulaksmiandri@gmail.com, anisa_garside@yahoo.com, fitriany17@yahoo.comABSTRAKKonveksi One Way memproduksi berbagai jenis kaos berdasarkan order yang datang dari konsumen.Dalam memenuhi order tersebut, perusahaan menggunakan aturan First Come First Serve dalammenjadwalkan urutan pengerjaan ordernya. Aturan ini sering tida

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Dusmanescu, Dorel, Jean Andrei, Gheorghe Popescu, Elvira Nica, and Mirela Panait. "Heuristic Methodology for Estimating the Liquid Biofuel Potential of a Region." Energies 9, no. 9 (August 31, 2016): 703. http://dx.doi.org/10.3390/en9090703.

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Marcoulaki, Eftychia C. "A Heuristic Methodology for Efficient Reduction of Large Multistate Event Trees." Journal of Quality and Reliability Engineering 2013 (June 10, 2013): 1–14. http://dx.doi.org/10.1155/2013/532350.

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This work proposes a new methodology for the management of event tree information used in the quantitative risk assessment of complex systems. The size of event trees increases exponentially with the number of system components and the number of states that each component can be found in. Their reduction to a manageable set of events can facilitate risk quantification and safety optimization tasks. The proposed method launches a deductive exploitation of the event space, to generate reduced event trees for large multistate systems. The approach consists in the simultaneous treatment of large s

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