{"id":"https://openalex.org/W2571389163","doi":"https://doi.org/10.17265/2328-7144/2017.02.004","title":"Optimization on Decision Making Driven by Digitalization","display_name":"Optimization on Decision Making Driven by Digitalization","publication_year":2017,"publication_date":"2017-01-07","ids":{"openalex":"https://openalex.org/W2571389163","doi":"https://doi.org/10.17265/2328-7144/2017.02.004","mag":"2571389163"},"language":"en","primary_location":{"id":"doi:10.17265/2328-7144/2017.02.004","doi":"https://doi.org/10.17265/2328-7144/2017.02.004","is_oa":true,"landing_page_url":"https://doi.org/10.17265/2328-7144/2017.02.004","pdf_url":"http://www.davidpublisher.org/Public/uploads/Contribute/586f3c90b6d4b.pdf","source":{"id":"https://openalex.org/S4210205370","display_name":"Economics World","issn_l":"2328-7144","issn":["2328-7144","3068-417X"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4383694735","host_organization_name":"David Publishing Company","host_organization_lineage":["https://openalex.org/P4383694735"],"host_organization_lineage_names":["David Publishing Company"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economics World","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"http://www.davidpublisher.org/Public/uploads/Contribute/586f3c90b6d4b.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5039831366","display_name":"Steffen Ho\u00dffeld\uf020","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I91123046","display_name":"University of Latvia","ror":"https://ror.org/05g3mes96","country_code":"LV","type":"education","lineage":["https://openalex.org/I91123046"]}],"countries":["LV"],"is_corresponding":true,"raw_author_name":"Steffen Ho\u00dffeld\uf020","raw_affiliation_strings":["Department of Management, University of Latvia, Riga, Latvia","Steffen Ho\u00dffeld, Aspazijas Boulevard 5-327, Riga, LV-1050, Latvia","University of Latvia, Riga, Latvia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Management, University of Latvia, Riga, Latvia","institution_ids":["https://openalex.org/I91123046"]},{"raw_affiliation_string":"Steffen Ho\u00dffeld, Aspazijas Boulevard 5-327, Riga, LV-1050, Latvia","institution_ids":[]},{"raw_affiliation_string":"University of Latvia, Riga, Latvia","institution_ids":["https://openalex.org/I91123046"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5039831366"],"corresponding_institution_ids":["https://openalex.org/I91123046"],"apc_list":null,"apc_paid":null,"fwci":1.3673,"has_fulltext":true,"cited_by_count":26,"citation_normalized_percentile":{"value":0.81037562,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"5","issue":"2","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T14260","display_name":"Impact of AI and Big Data on Business and Society","score":0.31929999589920044,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T14260","display_name":"Impact of AI and Big Data on Business and Society","score":0.31929999589920044,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14465","display_name":"Leadership, Behavior, and Decision-Making Studies","score":0.2953999936580658,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.11420000344514847,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/digitalization","display_name":"digitalization","score":0.9929999709129333},{"id":"https://openalex.org/keywords/decision-making","display_name":"decision-making","score":0.8050000071525574},{"id":"https://openalex.org/keywords/rational-decision-model","display_name":"rational decision model","score":0.7379999756813049},{"id":"https://openalex.org/keywords/homo-economicus","display_name":"homo economicus","score":0.9819999933242798},{"id":"https://openalex.org/keywords/utility-maximization","display_name":"utility maximization","score":0.871999979019165},{"id":"https://openalex.org/keywords/behavioral-economics","display_name":"behavioral economics","score":0.6980000138282776},{"id":"https://openalex.org/keywords/automated-decision-making","display_name":"automated decision-making","score":0.7630000114440918},{"id":"https://openalex.org/keywords/organizational-change","display_name":"organizational change","score":0.6159999966621399},{"id":"https://openalex.org/keywords/neoclassical-economics","display_name":"neoclassical economics","score":0.7149999737739563},{"id":"https://openalex.org/keywords/von-neumann-morgenstern-utility","display_name":"von Neumann-Morgenstern utility","score":0.7580000162124634}],"concepts":[{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4645409882068634}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.17265/2328-7144/2017.02.004","doi":"https://doi.org/10.17265/2328-7144/2017.02.004","is_oa":true,"landing_page_url":"https://doi.org/10.17265/2328-7144/2017.02.004","pdf_url":"http://www.davidpublisher.org/Public/uploads/Contribute/586f3c90b6d4b.pdf","source":{"id":"https://openalex.org/S4210205370","display_name":"Economics World","issn_l":"2328-7144","issn":["2328-7144","3068-417X"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4383694735","host_organization_name":"David Publishing Company","host_organization_lineage":["https://openalex.org/P4383694735"],"host_organization_lineage_names":["David Publishing Company"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economics World","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.17265/2328-7144/2017.02.004","doi":"https://doi.org/10.17265/2328-7144/2017.02.004","is_oa":true,"landing_page_url":"https://doi.org/10.17265/2328-7144/2017.02.004","pdf_url":"http://www.davidpublisher.org/Public/uploads/Contribute/586f3c90b6d4b.pdf","source":{"id":"https://openalex.org/S4210205370","display_name":"Economics World","issn_l":"2328-7144","issn":["2328-7144","3068-417X"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4383694735","host_organization_name":"David Publishing Company","host_organization_lineage":["https://openalex.org/P4383694735"],"host_organization_lineage_names":["David Publishing Company"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economics World","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2571389163.pdf","grobid_xml":"https://content.openalex.org/works/W2571389163.grobid-xml"},"referenced_works_count":13,"referenced_works":["https://openalex.org/W158727920","https://openalex.org/W182979018","https://openalex.org/W2033504294","https://openalex.org/W2158182105","https://openalex.org/W2215386433","https://openalex.org/W2226091610","https://openalex.org/W2314272005","https://openalex.org/W2752099845","https://openalex.org/W4210363249","https://openalex.org/W4230947308","https://openalex.org/W4292157289","https://openalex.org/W6807449860","https://openalex.org/W7074135342"],"related_works":["https://openalex.org/W7223006668","https://openalex.org/W2742872276","https://openalex.org/W7219230368","https://openalex.org/W4412723141","https://openalex.org/W7110426454","https://openalex.org/W4400908184","https://openalex.org/W3096979596","https://openalex.org/W2990240163","https://openalex.org/W7219223820","https://openalex.org/W7138831833"],"abstract_inverted_index":{"The":[0],"content":[1],"of":[2,10,119,134,146,203,230,237,251,264,269,274,287,302,304,334,356],"this":[3,90,97],"paper":[4,105],"refers":[5],"to":[6,48,70,77,171,179,191],"the":[7,34,116,120,135,188,193,201,206,227,231,245,249,261,266,270,272,281,284,308,322,332,346,354,364],"global":[8],"trend":[9,282],"digitalization":[11,20,233,275],"and":[12,41,54,64,66,82,143,148,165,176,196,248,257,330],"its":[13],"implications":[14],"on":[15,108,155,187,200,213,276,345],"decision":[16,114,123,214,277,309,314,365],"making.The":[17],"question:":[18],"will":[19,95,125,239,242,259,279,306,317,352,361],"improving":[21],"decisions":[22,85,94,100,169,351],"in":[23,39,295,311,321],"organizations":[24],"be":[25,78,126,172,240,318],"a":[26,61,87,109,128,173,198,209,292,300,337,342],"relevant":[27],"topic":[28],"for":[29,37,60],"all":[30],"organizations?Digitalization":[31],"is":[32,43,106,185,216,291,328],"currently":[33],"key":[35],"driver":[36],"change":[38,243,260],"business":[40,246],"organizations.Affected":[42],"everything,":[44],"from":[45],"market":[46,253],"structures":[47],"customer":[49,255],"behaviour":[50],"over":[51],"supply":[52],"chain":[53],"production":[55,65],"itself.Internal":[56],"processes":[57,258,305,316],"have":[58],"opportunities":[59],"new":[62,313],"design,":[63],"logistics":[67],"are":[68,86,102],"possible":[69],"redesign.This":[71],"massive":[72],"game":[73],"changing":[74],"opportunity":[75],"has":[76,197],"steered":[79],"by":[80,162,340],"management":[81,84],"hence":[83,324],"must":[88],"while":[89],"transition":[91,98],"phase;":[92],"furthermore,":[93],"influence":[96,212],"but":[99,297],"itself":[101],"also":[103],"affected.The":[104],"based":[107,344],"theoretical":[110],"research,":[111],"analysing":[112],"different":[113],"models.In":[115],"first":[117,132],"part":[118,229,236],"paper,":[121,232,271],"typical":[122],"models":[124],"discussed;":[127],"rational":[129,175,183,225],"model":[130,184,202,286,294,333],"with":[131,299],"ideas":[133],"neoclassical":[136],"economists":[137],"(e.g.Adam":[138],"Smith":[139],"or":[140,151],"Max":[141],"Weber)":[142],"scientific":[144],"approaches":[145],"Pascal":[147],"de":[149],"Fermat":[150],"Bernoulli,":[152],"mainly":[153,319],"focused":[154],"agents":[156],"which":[157,290],"maximize":[158],"their":[159],"utility.Further":[160],"developed":[161],"von":[163],"Neumann":[164],"Morgenstern":[166],"(2004),":[167],"economic":[168],"seem":[170],"strong":[174,210],"mathematical":[177],"process":[178,310,367],"find":[180],"utility":[181],"maximization.This":[182],"illustrated":[186],"one":[189,235],"hand":[190],"explain":[192],"traditional":[194],"way":[195],"view":[199],"homo":[204,288,335],"oeconomicus.On":[205],"other":[207],"hand,":[208],"emotional":[211],"making":[215,278,315,366],"obvious,":[217],"because":[218,358],"human":[219,359],"beeings":[220],"do":[221],"not":[222,362],"follow":[223],"strict":[224],"rules.In":[226],"second":[228],"as":[234],"globalization":[238],"analysed.Digitalization":[241],"completely":[244],"environment":[247],"setup":[250],"organizations.New":[252],"structures,":[254],"behaviour,":[256],"entire":[262],"operations":[263],"businesses.Then,":[265],"main":[267],"discussion":[268],"impacts":[273],"show":[280],"toward":[283],"well-known":[285],"oeconomicus,":[289],"common":[293],"economics;":[296],"known":[298],"lot":[301],"limitations.Automatization":[303],"affect":[307,363],"organizations.This":[312],"automated":[320,350],"future,":[323],"an":[325],"algorithm":[326],"logic":[327],"required":[329],"enables":[331],"oeconomicus":[336],"revival,":[338],"driven":[339],"machines.As":[341],"conclusion":[343],"above":[347],"mentioned":[348],"result,":[349],"improve":[353],"result":[355],"decisions,":[357],"emotions":[360],"anymore.":[368]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":2}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2017-01-13T00:00:00"}
