Managerial Insight and “Optimal” Algorithms

References

• Arvan M, Fahimnia B, Reisi M, Siemsen E (2019) Integrating human judgement into quantitative forecasting methods: A review. Omega 86:237–252.Crossref, Google Scholar
• Autor DH (2015) Why are there still so many jobs? The history and future of workplace automation. J. Econom. Perspect. 29(3):3–30.Crossref, Google Scholar
• Balakrishnan M, Ferreira K, Tong J (2022) Human-algorithm collaboration with private information: Naïve advice weighting behavior and mitigation. Preprint, submitted December 21, https://doi.org/10.2139/ssrn.4298669.Google Scholar
• Becker-Peth M, Thonemann UW (2018) Behavioral inventory decisions. Donohue K, Katok E, Leider S, eds. Handbook of Behavioral Operations (John Wiley & Sons, Hoboken, NJ), 393–432.Crossref, Google Scholar
• Bolton GE, Katok E (2008) Learning by doing in the newsvendor problem: A laboratory investigation of the role of experience and feedback. Manufacturing Service Oper. Management 10(3):519–538.Link, Google Scholar
• Bolton GE, Ockenfels A, Thonemann UW (2012) Managers and students as newsvendors. Management Sci. 58(12):2225–2233.Link, Google Scholar
• Caro F, de Tejada Cuenca AS (2023) Believing in analytics: Managers’ adherence to price recommendations from a DSS. Manufacturing Service Oper. Management 25(2):524–542.Link, Google Scholar
• Davis AM, Flicker B, Hyndman K, Katok E, Keppler S, Leider S, Long X, Tong JD (2023) A replication study of operations management experiments in Management Science. Management Sci. 69(9):4977–4991.Link, Google Scholar
• Fildes R, Goodwin P, Lawrence M, Nikolopoulos K (2009) Effective forecasting and judgmental adjustments: An empirical evaluation and strategies for improvement in supply-chain planning. Internat. J. Forecasting 25(1):3–23.Crossref, Google Scholar
• Haran U, Moore DA, Morewedge CK (2010) A simple remedy for overprecision in judgment. Judgment Decision Making 5(7):467–476.Crossref, Google Scholar
• Hendriks A (2012) SoPHIE–Software platform for human interaction experiments. Working paper, University of Osnabrück, Osnabrück, Germany.Google Scholar
• Ibanez MR, Clark JR, Huckman RS, Staats BR (2018) Discretionary task ordering: Queue management in radiological services. Management Sci. 64(9):4389–4407.Link, Google Scholar
• Ibrahim R, Kim SH, Tong J (2021) Eliciting human judgment for prediction algorithms. Management Sci. 67(4):2314–2325.Link, Google Scholar
• Kahneman D (2011) Thinking, Fast and Slow (Farrar, Straus and Giroux, New York).Google Scholar
• Kesavan S, Kushwaha T (2020) Field experiment on the profit implications of merchants’ discretionary power to override data-driven decision-making tools. Management Sci. 66(11):5182–5190.Link, Google Scholar
• Lee YS, Siemsen E (2017) Task decomposition and newsvendor decision making. Management Sci. 63(10):3226–3245.Link, Google Scholar
• Lee YS, Seo YW, Siemsen E (2018) Running behavioral operations experiments using Amazon’s Mechanical Turk. Production Oper. Management 27(5):973–989.Google Scholar
• Li M, Petruzzi NC, Zhang J (2017) Overconfident competing newsvendors. Management Sci. 63(8):2637–2646.Link, Google Scholar
• Oh H, Oliva R (2020) Better together? How managers can complement algorithms. Working paper, Texas A&M University, College Station.Google Scholar
• Ren Y, Croson R (2013) Overconfidence in newsvendor orders: An experimental study. Management Sci. 59(11):2502–2517.Link, Google Scholar
• Schweitzer ME, Cachon GP (2000) Decision bias in the newsvendor problem with a known demand distribution: Experimental evidence. Management Sci. 46(3):404–420.Link, Google Scholar
• Sun J, Zhang DJ, Hu H, Van Mieghem JA (2022) Predicting human discretion to adjust algorithmic prescription: A large-scale field experiment in warehouse operations. Management Sci. 68(2):846–865.Link, Google Scholar
• Van Donselaar KH, Gaur V, Van Woensel T, Broekmeulen RA, Fransoo JC (2010) Ordering behavior in retail stores and implications for automated replenishment. Management Sci. 56(5):766–784.Link, Google Scholar
• Wallis KF (2014) Revisiting Francis Galton’s forecasting competition. Statist. Sci. 29(3):420–424.Crossref, Google Scholar
• Zhang Y, Siemsen E (2019) A meta-analysis of newsvendor experiments: Revisiting the pull-to-center asymmetry. Production Oper. Management 28(1):140–156.Google Scholar