Strategic Management, Decision Theory, and Decision Science: Contributions to Policy Issues

Foreword
Preface
Contents
About the Editors
Sustaining High Economic Growth Requires a Different Strategy: An Integrated Approach for Broad-Based Knowledge Economy
	1 Introduction
	2 Uneven Process of Economic Development
	3 A Few Pointers on Productivity and Competitiveness
	4 Importance of Manufacturing
	5 A Few Illustrations from Microeconomics for Analytics
		5.1 Production Possibility Frontier
		5.2 Consumer Surplus and Producer Surplus
		5.3 Payment System and Consumer Surplus
	6 Example of Untapped Potential in a Rural Setting
	7 Bridging Rural-Urban Divide
	8 Analytics for Micro-Macro Linkage
	9 Institutions and Governance
	10 Conclusion
	References
The Secretary Problem—An Update
	1 Introduction
	2 Optimal Stopping Rule
	3 Generalized Mukherjee-Mandal Formulation
	4 Solution Through ENGS
	5 Case of Multiple Rankings
	6 Concluding Remarks
	References and Suggested Reading
Energy Efficiency in Buildings and Related Assessment Tools Under Indian Perspective
	1 Introduction
	2 Literature Survey
	3 Energy Efficient Building
		3.1 Energy Conservation Building Code for Commercial Buildings
		3.2 Energy Conservation Building Code for Residential Buildings
	4 Green Building
		4.1 LEED-India
		4.2 Green Rating for Integrated Habitat Assessment (GRIHA)
	5 Examples of Energy Efficient Buildings in India
		5.1 ECBC-Compliant Composite Zone Located ITC Green Centre, Gurugram
		5.2 IGBC Green Building: CII Sohrabji Godrej Centre, Hyderabad
		5.3 Indira Paryavaran Bhawan, New Delhi: India’s First Net-Zero Energy Building (Blending of IGBC, GRIHA and ECBC Provisions)
	6 Conclusion
	References
A Multi-type Branching Process Model for Epidemics with Application to COVID-19 in India
	1 Introduction
	2 The Basic Model
	3 Analysis of the Basic Model
	4 Extended Model
	5 Application: COVID-19 Epidemic in India
	6 Conclusion
	References
The Mirra Distribution for Modeling Time-to-Event Data Sets
	1 Introduction
	2 Synthesis of the Distribution
	3 Distributional Properties
		3.1 Raw and Central Moments
		3.2 Mode
		3.3 Generating Functions
	4 Survival Properties
		4.1 Stress-Strength Reliability
	5 Estimation of Parameters
		5.1 Method of Moments
		5.2 Method of Maximum Likelihood
	6 A Simulation Study
	7 Application with Real Data Illustration
	8 Concluding Remarks
	References
Comparison of Local Powers of Some Exact Tests for a Common Normal Mean with Unequal Variances
	1 Introduction
	2 Review of Six Exact Tests for H0 Versus H1
		2.1 P-value Based Exact Tests
		2.2 Exact Test Based on a Modified t
		2.3 Exact Test Based on a Modified F
	3 Expressions of Local Powers of the Six Proposed Tests
		3.1 Local Power of Tippett\'s Test [LP(T)]
		3.2 Local Power of Wilkinson\'s Test [LP(Wr)]
		3.3 Local Power of Inverse Normal Test [LP(INN)]
		3.4 Local Power of Fisher\'s Test [LP(F)]
		3.5 Local Power of a Modified t Test [LP(T1)]
		3.6 Local Power of a Modified F Test [LP(T2)]
	4 Comparison of Local Powers
	5 Conclusion
	References
Lower Bounds for Percentiles of Pivots from a Sample Mean Standardized by S, the GMD, the MAD, or the Range in a Normal Distribution and Miscellany with Data Analysis
	1 Introduction
	2 Sample Mean from a Normal Distribution Standardized with Sample Standard Deviation S, GMD, MAD or Range
		2.1 GMD-Based Pivot
		2.2 MAD-Based Pivot
		2.3 Range-Based Pivot
		2.4 Lower Bounds for the Upper Percentiles
		2.5 Closeness of the Lower Bounds to the Percentiles
	3 Comparing Normal Means Having Unknown and Unequal Variances: Two Lower Bounds for the Required Upper Percentile
		3.1 Two Lower Bounds for the Upper Percentiles
		3.2 Closeness of the Two Lower Bounds to the Percentiles
		3.3 Limiting Values of LB1,m,α and LB2,m,α
	4 Some Concluding Comments
	References
Intuitionistic Fuzzy Optimization Technique to Solve a Multiobjective Vendor Selection Problem
	1 Introduction
	2 Preliminaries
	3 Formulation of the Intuitionistic Fuzzy Multiobjective Model
	4 Algorithm of Steps
	5 Numerical Illustration
	6 Results and Discussion
	7 Conclusion
	References
Testing for the Goodness of Fit for the DMRL Class of Life Distributions
	1 Introduction
	2 Methodology
		2.1 A Measure of Non-decreasingness of MRL
		2.2 Form of the Empirical Cumulative MRL and Its LCM
		2.3 Consistency and Null Distribution
	3 Simulations
		3.1 Finding Least Favourable Distribution
		3.2 Conservative Cut-Offs
		3.3 Power of the Test
		3.4 Size and Power for Censored Data
	4 Data Analysis
	References
Linear Empirical Bayes Prediction of Employment Growth Rates Using the U.S. Current Employment Statistics Survey
	1 Introduction
	2 The Data
	3 Linear Empirical Bayes Prediction of the Final Growth Rate
	4 Analysis of the Current Employment Statistics Survey Data
	5 Concluding Remarks
	References
Constrained Bayesian Rules for Testing Statistical Hypotheses
	1 Introduction
	2 Constrained Bayesian Method for Testing Different Type of Hypotheses
		2.1 Simple Hypotheses
		2.2 Composite Hypotheses
		2.3 Directional Hypotheses
		2.4 Multiple Hypotheses
		2.5 Union–Intersection and Intersection–Union Hypotheses
	3 Comparative Analysis of Constrained Bayesian and Other Methods
	4 Conclusion
	References
Application of Path Counting Problem and Survivability Function in Analysis of Social Systems
	1 Introduction
	2 SPCP and Its Applications
	3 PCP and SF
	4 SF and Its Application to Analysis of Social Systems
		4.1 Measuring the Robustness of the Urban Traffic Road Network System in Tokyo
		4.2 Investigating the Relationship Between Vote Share (vS) and Seat Share (SS)
	5 Summary and Conclusion
	References
Framework for Groundwater Resources Management and Sustainable Development of Groundwater in India
	1 Introduction
	2 Groundwater Aquifer as Part of Hydrological Cycle
	3 Groundwater Exploration
	4 Dynamic Groundwater Resources
	5 Scope and Practice of Groundwater Resource Management
	6 Natural Recharge, Artificial Recharge and Rain Water Harvesting
	7 Management of Coastal Aquifers
	8 Management of Karstic Aquifers
	9 Management of Groundwater in Large-Scale Mining Project Area
	10 Concluding Remarks
	References
A New Generalized Newsvendor Model with Random Demand and Cost Misspecification
	1 Introduction
	2 SyGen: Symmetric Generalized Newsvendor Problem
		2.1 Optimal Order Quantity for SyGen Newsvendor with Uniform Demand
		2.2 Optimal Order Quantity for SyGen Newsvendor with Exponential Demand
	3 Estimation of the Optimal Order Quantity
		3.1 Estimating Optimal Order Quantity for U(0,b) Demand
		3.2 Estimating Optimal Order Quantity for exp(λ) Demand
	4 Simulation
	5 Performance Comparison of Piecewise Linear and Nonlinear Costs with Misspecification
		5.1 Cost Misspecification Under Unif(0,b) Demand
		5.2 Cost Misspecification Under exp(λ) Demand
	6 Conclusion
	References
Analytics Approach to the Improvement of the Management of Hospitals
	1 Introduction
	2 Waiting Time Problem in a Department of Hospital
	3 Operating Room Scheduling
	4 Night-Shift Scheduling System for Residents
	5 Concluding Remarks
	References
A Novel Approach to Estimate the Intrinsic Dimension of fMRI Data Using Independent Component Analysis
	1 Introduction
	2 Theory and Methods
		2.1 The Noisy Mixing Model
		2.2 Estimation of Using ICA
		2.3 Imaging and Data
	3 Results
		3.1 Simulated Data
		3.2 Real Data
	4 Discussion
		4.1 Validity and Violations of Assumptions in the Proposed Method
		4.2 Initial Choice for the Number of Independent Components
		4.3 Sub-sampling for Identification of the Effectively I.I.D. Samples
	5 Conclusion
	References
Data Science, Decision Theory and Strategic Management: A Tale of Disruption and Some Thoughts About What Could Come Next
	1 Introduction
	2 Changes in Individual Fields
	3 A Giant Leap
	4 Where Do We Go from Here?
	5 Not to Conclude
	References