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Administrative Sciences, Volume 10, Issue 3

2020 September - 39 articles

Cover Story: Managerial economics (ME), also referred to as business economics (BE), is an interdisciplinary field that assigns scarce resources to achieve organizational goals and thus supports managers in answering complex questions. The paper reviews the applications of metaheuristic algorithms and simulation methods to analyze complex systems or processes in competitive markets, imperfect markets, and public sector and public–private partnerships. In the context of the problem at hand, frequently used varied optimization and simulation methods are reviewed, such as the following: any colony optimization, simulated annealing, genetic algorithm. The paper describes the opportunities and challenges to utilizing metaheuristics and simulation as decision tools along with potential uses of simheuristics and learnheuristics. View this paper
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Articles (39)

  • Feature Paper
  • Article
  • Open Access
18 Citations
4,536 Views
18 Pages

Managerial Decision Making in Indicating a Disruption of Critical Infrastructure Element Resilience

  • Alena Splichalova,
  • David Patrman,
  • Nikol Kotalova and
  • Martin Hromada

16 September 2020

Managerial decision making is an integral process used in public and private organizations. Critical infrastructure entities are a strategically significant group dependent on the quality of decision-making processes. They aim to provide services nec...

  • Article
  • Open Access
31 Citations
7,982 Views
15 Pages

14 September 2020

Purpose: While traditional university programs primarily use regularly scheduled classes as the primary means for developing students, this program evaluation explores the direct effects of intensive entrepreneurial learning activity in the format of...

  • Article
  • Open Access
10 Citations
4,667 Views
15 Pages

Competence Development and Employability Expectations: A Gender Perspective of Mobility Programmes in Higher Education

  • Francisca Rosa Álamo-Vera,
  • Lidia Hernández-López,
  • José Luis Ballesteros-Rodríguez and
  • Petra De Saá-Pérez

14 September 2020

This paper analyses the role of study-abroad programmes in higher education by examining how students’ participation can foster competence development and employability expectations. Our research focuses on the acquisition of competences throug...

  • Article
  • Open Access
5 Citations
11,631 Views
19 Pages

13 September 2020

This research provides an exploratory analysis of how Muslim women perceive servant leadership in the context of Mosque. The study consists of 8 long interviews with Muslim women, and conceptualizes sources of servant leadership in the context of Mos...

  • Article
  • Open Access
20 Citations
7,269 Views
20 Pages

10 September 2020

Industry 4.0 has been creating new jobs for several years, and people are already being employed in work positions that did not exist ten years ago. Due to the speed and complexity of the changes brought about by the Fourth Industrial Revolution, it...

  • Article
  • Open Access
22 Citations
7,101 Views
32 Pages

Existence, Uniqueness and Stability of Market Equilibrium in Oligopoly Markets

  • Yulia Dzhabarova,
  • Stanimir Kabaivanov,
  • Margarita Ruseva and
  • Boyan Zlatanov

6 September 2020

In this paper we build a pragmatic model on competition in oligopoly markets. To achieve this goal, we use an approach based on studying the response functions of each market participant, thus making it possible to address both Cournot and Bertrand i...

  • Article
  • Open Access
10 Citations
9,531 Views
24 Pages

5 September 2020

Although hotels usually have clients from different nationalities, the research analyses the multicultural effects on hotel customers’ satisfaction is still scant. This paper aims to contribute to the realm of hotel management by providing inte...

  • Review
  • Open Access
48 Citations
8,613 Views
21 Pages

5 September 2020

Institutional entrepreneurship comprises the activities of agents who disrupt existing social institutions or create new ones, often to enable diffusion, especially of radical innovations, in a market. The increased interest in institutional entrepre...

  • Article
  • Open Access
24 Citations
8,597 Views
11 Pages

4 September 2020

Education is one of the means of achieving sustainable development. Universities are responsible for training and generating skilled personnel needed in attaining holistic development; to accomplish the goals for which universities were established,...

  • Article
  • Open Access
5 Citations
5,453 Views
15 Pages

4 September 2020

The implementation and smooth functioning of e-administration depends on many technical and organizational factors but also on psychosocial factors, including the sense of fear. In this paper, the authors treat fear as a subjective and perceptible se...

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Adm. Sci. - ISSN 2076-3387