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Economic evaluation in decision models: a critical review and methodological propositions

Fontane, Frédéric; Giard, Vincent; Gautier, Frédéric; Bara, Najat (2019), Economic evaluation in decision models: a critical review and methodological propositions, EurOMA 2019 (26th EurOMA Conference Operations adding value to society), Hanken School of Economics : Helsinki, p. 15

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Type
Communication / Conférence
Date
2019
Conference title
EurOMA 2019 (26th EurOMA Conference Operations adding value to society)
Conference date
2019-06
Conference city
Helsinki
Conference country
Finland
Book title
EurOMA 2019 (26th EurOMA Conference Operations adding value to society)
Publisher
Hanken School of Economics
Published in
Helsinki
Pages
15
Metadata
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Author(s)
Fontane, Frédéric

Giard, Vincent
Laboratoire d'analyse et modélisation de systèmes pour l'aide à la décision [LAMSADE]
Gautier, Frédéric

Bara, Najat
Abstract (FR)
Decision models of industrial management articles are often based on an economic criterion to find the proposed solution. They use economic parameters that are generally imported from the firm cost accounting system. When cost information is not adapted to the decision, the obtained solution of the model may be invalid. In this article, we deal with a critical literature review to report the methodological problems encountered in industrial management articles vis-à-vis the used costs. Finally we suggest methodological propositions to be kept in mind by authors when they are using costs in decision models.
Subjects / Keywords
Industrial management; mathematical model; economic model