Mathematical model to mitigate planning fallacy and to determine realistic delivery time

Planning fallacy is the tendency to underestimate the duration of a task due to the optimistic bias of individuals. We design a mechanism from the principal's perspective (an original equipment manufacturer (OEM)) to mitigate the optimistic bias of agents (a contract manufacturer (CM) and a sup...

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Bibliographic Details
Main Authors: S. Yamini, Rahul R. Marathe
Format: Article
Language:English
Published: Elsevier 2018-09-01
Series:IIMB Management Review
Online Access:http://www.sciencedirect.com/science/article/pii/S0970389618302428