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Synopsis
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The next section of this paper outlines a general framework for describing the monitoring function of management. Monitoring is characterized as a decision of whether or not to intervene in a situation. The decision is made by comparing the subjective probability that the situation is in need of intervention, determined from the monitored data and personal judgement, with a threshold probability determined from the relative costs and benefits of intervening. In subsequent sections, normative cost investigation models, which prescribe the determination of the subjective probability and the threshold probability, are reviewed with an aim toward selecting from them that which is descriptive of managerial monitoring behavior. Unfortunately, not all of the theory is descriptively valid.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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- PublisherForgotten Books
- Publication date2020
- ISBN 10 1332246001
- ISBN 13 9781332246007
- BindingPaperback
- Number of pages38
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Managerial Monitoring of a Single Data Stream (Classic Reprint)
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Paperback. Condition: New. Print on Demand. This book examines managerial monitoring, the process by which managers assess whether intervention is needed to address potential issues. By combining insights from behavioral economics and management, the author presents a novel descriptive model of how managers make these assessments, challenging traditional normative approaches. Through this model, the book explores the value of information systems not only in providing data but also in sharpening managers' understanding of their operating environment. The author's research suggests that the real value of information systems lies in their ability to assist managers in honing their mental models, leading to better decision-making and more effective monitoring. Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781332246007_0
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Managerial Monitoring of a Single Data Stream Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332246007
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Managerial Monitoring of a Single Data Stream Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332246007
Quantity: 15 available