Journal Management Science introduces new 'Management Insights,' digest of leading new research

Viewing airlines like baseball players, other intriguing studies

Hanover, MD, September 6, 2006 -- The Institute for Operations Research and the Management Sciences (INFORMSŪ) today announced that its flagship journal Management Science has introduced a new monthly feature. "Management Insights" is a digest of important research in business, management, operations research, and management science. It appears in every issue of the monthly journal.

"These insights provide the gist of the cutting edge research that appears in Management Science," said Prof. Wallace J. Hopp of Northwestern University, the journal's Editor-in-Chief. "While the papers themselves describe research in technical terms appropriate for management scholars, the conclusions and insights are of enormous importance to practicing managers. Because managers do not have time to wade through detailed research manuscripts, we introduced these Management Insights."

One Management Insight in the September, 2006 issue, which has just been published, offers airlines, regulators, and researchers an unusual new way of determining the comparative safety of airlines, where accidents represent a small fraction of total flights. It draws on an operations research/management science technique used by the Oakland Athletics to evaluate baseball players.

Another Insight in the current issue resolves an unusual contradiction in the personality of entrepreneurs: although most people view entrepreneurs as risk takers, personality tests show entrepreneurs to be risk averse.

The Insights in the September issue are:

  • Airlines as Baseball Players: Another Approach for Evaluating an Equal-Safety Hypothesis by David Czerwinski, Arnold Barnett
  • Risk Assessment for Banking Systems by Helmut Elsinger, Alfred Lehar, Martin Summer
  • Entrepreneurial Risk and Market Entry by Brian Wu, Anne Marie Knott Opportunity Recognition as the Detection of Meaningful Patterns: Evidence from Comparisons of Novice and Experienced Entrepreneurs by Robert A. Baron, Michael D. Ensley
  • Project Assignments When Budget Padding Taints Resource Allocation by Anil Arya, Brian Mittendorf
  • Value Implications of Investments in Information Technology by Mark C. Anderson, Rajiv D. Banker, Sury Ravindran
  • Market Valuation and Employee Stock Options by Ge Zhang
  • Methodologies and Algorithms for Group Rankings Decision by Dorit Hochbaum, Asaf Levin
  • Stochastic Dominance and Cumulative Prospect Theory by Franz H. Heukamp, Manel Baucells
  • Discounting by Intervals: A Generalized Model of Intertemporal Choice by Marc Sholten, Daniel Read
  • Sequential Observation and Selection with Rank-Dependent Payoffs: An Experimental Study by J. Neil Bearden, Amnon Rapoport, Ryan O. Murphy
  • Enhancing a Branch-and-Bound Algorithm for Two-Stage Stochastic Integer Network Design Based Models by Rafael Andrade, Abdel Lisser, Nelson Maculan, Gerard Plateau

INFORMS journals are strongly cited in Journal Citation Reports, an industry source. In the JCR subject category "operations research and management science," Management Science ranked in the top 10 beside two other INFORMS journals.

The special MBA issue published by Business Week includes Management Science and two other INFORMS journals in its list of 20 top academic journals that are used to evaluate business school programs. Financial Times includes Management Science and four other INFORMS journals in its list of academic journals used to evaluate MBA programs.

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The September issue of Management Insights can be viewed online at URL http://www.atypon-link.com/INF/doi/pdf/10.1287/mnsc.1060.0590. The complete studies associated with the individual Insights are available to Management Science subscribers. Individual studies can be purchased at http://institutions.informs.org. Future issues of Management Insights can be accessed at http://mansci.pubs.informs.org/.

The Institute for Operations Research and the Management Sciences (INFORMSŪ) is an international scientific society with 10,000 members, including Nobel Prize laureates, dedicated to applying scientific methods to help improve decision-making, management, and operations. Members of INFORMS work in business, government, and academia. They are represented in fields as diverse as airlines, health care, law enforcement, the military, financial engineering, and telecommunications. The INFORMS website is www.informs.org. More information about operations research is at www.scienceofbetter.org.


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