Do personal traits influence inventory management performance? - The case of intelligence, personality, interest and knowledge

International Journal of Production Economics

Volumn 142, Issue 1, 2013, Pages 37-50

  Strohhecker, Jürgen ^a   Größler, Andreas ^b  

^a FRANKFURT SCHOOL OF FINANCE AND MANAGEMENT   (Germany)

^b RADBOUD UNIVERSITY NIJMEGEN   (Netherlands)

Author keywords

Experiment; Inventory management; Personal traits; PPIK theory; Stock control

Indexed keywords

BEHAVIORAL THEORY; COGNITIVE PSYCHOLOGY; DYNAMIC DECISION MAKING; FINISHED PRODUCTS; INVENTORY MANAGEMENT; INVENTORY MANAGERS; OPERATIONS MANAGEMENT; PERSONAL TRAITS; PPIK THEORY; SOCIAL ISSUES; TASK COMPLEXITY;

EXPERIMENTS; PERSONNEL SELECTION;

INVENTORY CONTROL;

EID: 84873400054     PISSN: 09255273     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijpe.2012.08.005     Document Type: Conference Paper

References (96)

1. P.L. Ackerman A theory of adult intellectual development: process, personality, interests, and knowledge Intelligence 22 1996 227 257
2. P.L. Ackerman, and R. Kanfer Integrating laboratory and field study for improving selection: development of a battery for predicting air traffic controller success Journal of Applied Psychology 78 1993 413 432
3. P.L. Ackerman, and E.L. Rolfhus The locus of adult intelligence: knowledge, abilities, and nonability traits Psychology and Aging 14 1999 314 330
4. P.L. Ackerman, R. Kanfer, and M. Goff Cognitive and noncognitive determinants and consequences of complex skill acquisition Journal of Experimental Psychology Applied 1 1995 270 304
5. A. al-Nowaihi, and S. Dhami A note on the Loewenstein-Prelec theory of intertemporal choice Mathematical Social Sciences 52 2006 99 108
6. Andresen, B., 2002. Hamburger Persönlichkeitsinventar: HPI. Hogrefe, Göttingen, Bern, Toronto, Seattle.
7. J.F. Beckmann, and J. Guthke Complex problem solving, intelligence, and learning ability P.A. Frensch, J. Funke, Complex Problem Solving: The European Perspective 1995 Erlbaum Hillsdale 177 200
8. M.E. Beier, and P.L. Ackerman Current-events knowledge in adults: an investigation of age, intelligence, and nonability determinants Psychology and Aging 16 2001 615 628
9. E. Bendoly, K. Donohue, and K.L. Schultz Behavior in operations management: assessing recent findings and revisiting old assumptions Journal of Operations Management 24 2006 737 752
10. U. Benzion, Y. Cohen, R. Peled, and T. Shavit Decision-making and the newsvendor problem: an experimental study The Journal of the Operational Research Society 59 2008 1281 1287
11. E. Bendoly, R. Croson, P. Goncalves, and K. Schultz Bodies of knowledge for research in behavioral operations Production and Operations Management 19 2010 434 452
12. Bergmann, C., Eder, F., 2005. Allgemeiner Interessen-Struktur-Test mit Umwelt-Struktur-Test (UST-R): AIST-R, Revision ed. Beltz-Test-GmbH, Göttingen.
13. Bloomfield, R.J., Gino, F., Kulp, S., 2007. Behavioral Causes of the Bullwhip Effect in a Single Echelon. Available from SSRN: 〈http://ssrn.com/ abstract=977205〉.
14. G.E. Bolton, and E. Katok Learning by doing in the newsvendor problem: a laboratory investigation of the role of experience and feedback Manufacturing & Service Operations Management 10 2008 519 538
15. Bolton, G.E., Ockenfels, A., Thonemann, U.W., 2010. Managers and Students as Newsvendors: How Out-of-task Experience Matters. Available from SSRN: 〈http://ssrn.com/abstract=1567610〉.
16. L. Booth Sweeney, and J.D. Sterman Bathtub dynamics: initial results of a systems thinking inventory System Dynamics Review 16 2000 249 294
17. B. Brehmer Dynamic decision making: human control of complex systems Acta Psychologica 81 1992 211 241
18. B. Brehmer, and D. Dörner Experiments with computer-simulated microworlds: escaping both the narrow straits of the laboratory and the deep blue sea of the field study Computers in Human Behavior 9 1993 171 184
19. A. Buchner, and J. Funke Finite-state automata: dynamic task environments in problem-solving research Quarterly Journal of Experimental Psychology 46A 1993 83 118
20. R.B. Cattell Theory of fluid and crystallized intelligence: a critical experiment Journal of Educational Psychology 54 1963 1 22
21. T. Chamorro-Premuzic, A. Furnham, and P.L. Ackerman Ability and personality correlates of general knowledge Personality and Individual Differences 41 2006 419 429
22. P.T. Costa, and R.R. McCrae Revised NEO personality inventory (NEO PI-R) and NEO five-factor inventory (NEO-FFI) 1992 Psychological Assessment Resources Odessa, FL
23. M.A. Cronin, C. Gonzalez, and J.D. Sterman Why don't well-educated adults understand accumulation? A challenge to researchers, educators, and citizens Organizational Behavior and Human Decision Processes 108 2009 116 130
24. R. Croson, and K. Donohue Impact of POS data sharing on supply chain management: an experimental study Production and Operations Management 12 2003 1 11
25. R. Croson, and K. Donohue Upstream versus downstream information and its impact on the bullwhip effect System Dynamics Review 21 2005 249 260
26. R. Croson, and K. Donohue Behavioral causes of the bullwhip effect and the observed value of inventory information Management Science 52 2006 323 336
27. Croson, D.C., Croson, R., Ren, Y., 2008. How to Manage an Overconfident Newsvendor. Working Paper. Dallas. Available from: 〈http://cbees.utdallas. edu/papers/CrosonRenCrosonMS2008.pdf〉.
28. M.J. Davern, R. Mantena, and E.A. Stohr Diagnosing decision quality Decision Support Systems 45 2008 123 139
29. De Vericourt, F., Bearden, J.N., Filipowicz, A., 2011. Sex, Risk and the Newsvendor. Available from SSRN: 〈http://ssrn.com/abstract=1878593〉.
30. D.P.T. Depositario, R.M. Nayga, X. Wu, and T.P. Laude Should students be used as subjects in experimental auctions? Economics Letters 102 2009 122 124
31. C.G. DeYoung, J.B. Peterson, and D.M. Higgins Sources of openness/intellect: cognitive and neuropsychological correlates of the fifth factor of personality Journal of Personality 73 2005 825 858
32. E. Diehl, and J.D. Sterman Effects of feedback complexity on dynamic decision making Organizational Behavior and Human Decision Processes 62 1995 198 215
33. J.M. Digman Personality structure: emergence of the five-factor model Annual Review of Psychology 41 1990 417
34. D. Dörner On the difficulties people have in dealing with complexity Simulations and Games 11 1980 87 106
35. D. Dörner The Logic of Failure. Strategic Thinking for Complex Situations 1996 Metropolitan Books New York, NY
36. D. Dörner, and A.J. Wearing Complex problem solving: toward a (computersimulated) theory P.A. Frensch, J. Funke, Complex Problem Solving: The European Perspective 1995 Erlbaum Hillsdale 65 99
37. Dörner, D., Kreuzig, H.W., Reither, F., 1994. Lohhausen. Vom Umgang mit Unbestimmtheit und Komplexität. Huber, Bern.
38. W. Edwards Dynamic decision theory and probabilistic information processing Human Factors 4 1962 59 73
39. W.B. Elliott, F.D. Hodge, J.J. Kennedy, and M. Pronk Are M.B.A. students a good proxy for nonprofessional investors? Accounting Review 82 2007 139 168
40. T. Feng, L.R. Keller, and X. Zheng Decision making in the newsvendor problem: a cross-national laboratory study Omega 39 2011 41 50
41. J.E. Fleming Managers as subjects in business decision research Academy of Management Journal 12 1969 59 66
42. J.W. Forrester Industrial dynamics: a major breakthrough for decision makers Harvard Business Review 26 1958 37 66
43. P.A. Frensch, and J. Funke Complex Problem Solving: The European Perspective 1995 Erlbaum Hillsdale
44. P.A. Frensch, and J. Funke Definitions, traditions, and a general framework for understanding complex problem solving P.A. Frensch, J. Funke, Complex Problem Solving: The European Perspective 1995 Erlbaum Hillsdale
45. D. Friedman, A. Cassar, and R. Selten Economics Lab: An Intensive Course in Experimental Economics 2004 Routledge London
46. J. Funke Microworlds based on linear equation systems: a new approach to complex problem solving and experimental results G. Strube, K.F. Wender, The Cognitive Psychology of Knowledge 1993 313 330
47. J. Funke Dynamic systems as tools for analysing human judgement Thinking and Reasoning 7 2001 69 89
48. A. Furnham Personality and Intelligence at Work: Exploring and Explaining Individual Differences at Work 2008 Routledge London
49. M. Goff, and P.L. Ackerman Personality-intelligence relations: assessment of typical intellectual engagement Journal of Educational Psychology 84 1992 537 552
50. P. Gonçalves, J. Hines, and J. Sterman The impact of endogenous demand on push-pull production systems System Dynamics Review 21 2005 187 216
51. A. Größler Don't let history repeat itself - methodological issues concerning the use of simulators in teaching and experimentation System Dynamics Review 20 2004 263 274
52. A. Größler, J.-H. Thun, and P.M. Milling System dynamics as a structural theory in operations management Production and Operations Management 17 2008 373 384
53. F. Guala The Methodology of Experimental Economics 2005 Cambridge University Press Cambridge
54. R.M. Hogarth Beyond discrete biases: functional and dysfunctional aspects of judgmental heuristics Psychological Bulletin 90 1981 197 217
55. J.L. Holland A personality inventory employing occupational titles Journal of Applied Psychology 42 1958 336 342
56. J.L. Holland Making Vocational Choices: A Theory of Vocational Personalities and Work Environments 3 ed. 1997 Psychological Assessment Resources Odessa, FL
57. Jäger, A.O., Süß, H.-M., Beauducel, A., 1997. Berliner Intelligenzstruktur-Test. BIS-Test. Form 4. Hogrefe, Göttingen, Bern, Toronto, Seattle.
58. B.H. Kantowitz, H.L. Roediger, and D.G. Elmes Experimental Psychology 9th ed. 2009 Wadsworth Cengage Learning Belmont, CA. International Student ed
59. G. Keren, and W.B.d. Bruin On the assessment of decision quality: considerations regarding utility, conflict and accountability D. Hardman, L. Macchi, Thinking: Psychological Perspectives on Reasoning, Judgment and Decision Making 2003 Wiley Chichester 347 363
60. G.D. Kleiter Trend-control in a dynamic decision-making task Acta Psychologica 34 1970 387 397
61. J.F. Krems Cognitive flexibility and complex problem solving P.A. Frensch, J. Funke, Complex Problem Solving: The European Perspective 1995 Erlbaum Hillsdale 201 218
62. L. Larsen, P. Hartmann, and H. Nyborg The stability of general intelligence from early adulthood to middle-age Intelligence 36 2008 29 34
63. H.L. Lee, and V. Padmanabhan Information distortion in a supply chain: the bullwhip effect Management Science 43 1997 546
64. G. Loewenstein, and D. Prelec Anomalies in intertemporal choice: evidence and an interpretation Quarterly Journal of Economics 107 1992 573
65. N.H. Lurie, and J.M. Swaminathan Is timely information always better? The effect of feedback frequency on decision making Organizational Behavior and Human Decision Processes 108 2009 315 329
66. M.J. Lyons, T.P. York, C.E. Franz, M.D. Grant, L.J. Eaves, K.C. Jacobson, K.W. Schaie, M.S. Panizzon, C. Boake, H. Xian, R. Toomey, S.A. Eisen, and W.S. Kremen Genes determine stability and the environment determines change in cognitive ability during 35 years of adulthood Psychological Science 20 2009 1146 1152
67. R. McCrae Openness to experience: expanding the boundaries of factor V European Journal of Personality 8 1994 251 272
68. Moritz, B.B., 2010. Cognition and Heterogeneity in Supply Chain Planning: A Study of Inventory Decision Making. University of Minnesota, Minnesota.
69. M.K. Mount, M.R. Barrick, S.M. Scullen, J. Rounds, and P. Sackett Higher-order dimensions of the big five personality traits and the big six vocational interest types Personnel Psychology 58 2005 447 478
70. E. Moxnes Not only the tragedy of the commons: misperceptions of bioeconomics Management Science 44 1998 1234 1248
71. G. Ossimitz Stock-flow-thinking and reading stock-flow-related graphs: An emperical investigation in dynamic thinking abilities S.D. Society, Proceedings of the 20th International Conference of the System Dynamics Society 2002
72. O. Pala, and J.A.M. Vennix Effect of system dynamics education on systems thinking inventory task performance System Dynamics Review 21 2005 147 172
73. R.A. Peterson On the use of college students in social science research: insights from a second-order meta-analysis Journal of Consumer Research 28 2001 450 461
74. A.E. Poropat A beta-analysis of the five-factor model of personality and academic performance Psychological Bulletin 135 2009 322 338
75. J.R. Renshaw, and A. Heuston The Game Monopologs 1957 RAND Research Memorandum
76. E.L. Rolfhus, and P.L. Ackerman Self-report knowledge: at the crossroads of ability, interest, and personality Journal of Educational Psychology 88 1996 174 188
77. E.L. Rolfhus, and P.L. Ackerman Assessing individual differences in knowledge: knowledge, intelligence, and related traits Journal of Educational Psychology 91 1999 511 526
78. M.E. Schweitzer, and G.P. Cachon Decision bias in the newsvendor problem with a known demand distribution: experimental evidence Management Science 46 2000 404
79. R. Selten, and R. Stoecker End behavior in sequences of finite prisoner's dilemma supergames: a learning theory approach Journal of Economic Behavior and Organization 7 1986 47 70
80. V.L. Smith Experimental economics: induced value theory American Economic Review 66 1976 274
81. V.L. Smith Microeconomic system as an experimental science American Economic Review 72 1982 923
82. J.D. Sterman Misperceptions of feedback in dynamic decision making Organizational Behavior and Human Decision Processes 43 1989 301 335
83. J.D. Sterman Modeling managerial behavior: misperceptions of feedback in a dynamic decision making experiment Management Science 35 1989 321 339
84. J.D. Sterman Business Dynamics: Systems Thinking and Modeling for a Complex World 2000 Irwin/McGraw-Hill Boston, MA.
85. J.D. Sterman Does formal system dynamics training improve people's understanding of accumulation? System Dynamics Review 26 2010 316 334
86. J.D. Sterman, and L. Booth Sweeney Cloudy skies: assessing public understanding of global warming System Dynamics Review 18 2002 207 240
87. R.J. Sternberg, and P.A. Frensch Complex Problem Solving: Principles and Mechanisms 1991 Erlbaum Hillsdale, NJ
88. X. Su Bounded rationality in newsvendor models Manufacturing & Service Operations Management 10 2008 566 589
89. B.G. Tabachnick, and L.S. Fidell Using Multivariate Statistics 5th ed 2007 Pearson/A&B Boston, MA, London
90. A. Tversky, and D. Kahneman Judgment under uncertainty: heuristics and biases Science (New York, NY) 185 1974 1124 1131
91. T.L. Urban Inventory models with inventory-level-dependent demand: a comprehensive review and unifying theory European Journal of Operational Research 162 2005 792 804
92. D.E. Vinson, and W.J. Lundstrom The use of students as experimental subjects in marketing research Journal of the Academy of Marketing Science 6 1978 114
93. R.K. Wagner, and R.J. Sternberg Practical intelligence in real-world pursuits: the role of tacit knowledge Journal of Personality and Social Psychology 49 1985 436 458
94. B.D. Williams, and T. Tokar A review of inventory management research in major logistics journals themes and future directions International Journal of Logistics Management 19 2008 212 232
95. W.W. Wittmann, and K. Hattrup The relationship between performance in dynamic systems and intelligence Systems Research and Behavioral Science 21 2004 393 409
96. H. Yasarcan, and Y. Barlas A generalized stock control formulation for stock management problems involving composite delays and secondary stocks System Dynamics Review 21 2005 33 68