Management-Science and Business-Ethics

Many leading management scientists have advocated ethicalism: the incorporation of social and ethical concerns into traditional "rational" OR-MS techniques and management decisions. In fact, elementary forms of decision analysis can readily be augmented, using ethical theory, in ways that sweep in ethical issues. In addition, alternative conceptual models of Decision-Analysis, Game-Theory and Optimality are now available, all of which have brought OR-MS and Business-Ethics into a closer alignment.     

EXPLOITING AN ADVANTAGE--DECLINING AN ADVANTAGE

Within the context of the study, a firm is said to have an advantageover another if it obtains more customers given they both chargethe same price. Further, consumer switching costs imply thelarger the difference in the prices charged by the two firmsthe greater the proportion of consumers who switch from thehigher-priced firm to the lower-priced one. The Nash equilibriumto the price-posting game is characterized The firm with theadvantage charges a higher price Finally, it is shown that ifone firm can freely choose to have an advantage, it will rejectit. This follows as the greater the advantage, the smaller theequilibrium profits to both firms.     

You're fired! What to do, how to cope, finding a new job

If you find yourself out of a job, do not despair. It has happened to the best and the brightest; you are not alone. If you have never lost a job consider yourself fortunate, but do not become complacent. It very well could happen to you sometime soon. Be prepared. Watch for the signs. And if it happens, remain the professional you have always been. There is always another, and probably better, job awaiting you.     

Wellness programs: complying with the Americans with Disabilities Act (ADA)

Employers that offer wellness programs must be careful to comply with the guidelines of ADA. As the dollar amounts involved in these programs and the number of participants increase, so does the risk of lawsuits.     

Why CEOs aren't buying the plan

In an exclusive poll, they mostly say they accept Clinton's goal of universal health care. But they're deeply skeptical of his approach and fear its effects.     

Did the Supreme Court just do you a favor?

By permitting depreciation of patient lists, the judges gave both buyers and sellers of medical practices a chance to make a better--but not great--deal.