998. Value trade-offs in sustainable supply chain management
Invited abstract in session MB-61: Advances in behavioral decision analysis 1, stream Behavioural OR.
Monday, 10:30-12:00Room: Maurice Keyworth G.31
Authors (first author is the speaker)
| 1. | Igor Barahona
|
| Department of Information Systems and Operations Management, King Fahd University of Petroleum and Minerals | |
| 2. | Mohammed AlKhars
|
| Information Systems and Operations Management, King Fahd University of Petroleum and Minerals | |
| 3. | Gilberto Montibeller
|
| Business School, University of Bristol |
Abstract
A major underlying assumption of the Sustainable Supply Chain Management literature is that operations managers can make reasoned and consistent trade-offs in decision contexts in which they operate. But can they? Despite the increasing relevance and growth of behavioral operations management, we know very little about how operations managers make trade-off judgments, if they suffer from well-known biases when making these trade-offs, and if debiasing tools can help increase the consistency of their trade-off judgements. This work is an attempt to shed light on this issue.
In this paper, we present the theory of value trade-offs, with the normative axioms required for their specification and the elicitation protocols that must be employed in practice by decision-makers. We also share the early results of a behavioral experiment that we conducted with executive education students at KFUPM in Saudi Arabia, in which experienced professionals and operations managers are asked to make value trade-offs among competing sustainability and cost priorities. We analyze if the managers are consistent in their prioritizations and if they suffer from the range-insensitivity bias. We also assess if the use of debiasing tools can improve the consistency of their judgements.
Keywords
- Behavioural OR
- Decision Analysis
- Supply Chain Management
Status: accepted
Back to the list of papers