IDEAS home Printed from https://ideas.repec.org/a/wsi/ijitdm/v03y2004i02ns0219622004001070.html
   My bibliography  Save this article

Time And Money Trade-Off In Competence Set Expansion

Author

Listed:
  • HAN-LIN LI

    (Institute of Information Management, National Chiao Tung University, HsinChu 300, Taiwan, ROC)

  • JIA-JANE SHUAI

    (Department of Information Management, Ming Hsin University of Science and Technology, ROC)

Abstract

A competence set is a set of ideas, knowledge and skills for problem solving. To a decision maker, how to expand the current competence set in the most effective and efficient way is an important issue. This paper improves Li1method of competence expansion problems by extending the original time static model into a time dynamic model. Both the time cost and the money cost of learning a new competence are considered simultaneously. A dynamic model of competence expansion is proposed which minimize the total expanding time subjected to the total budget plan in the expansion process. A numerical example is given to illustrate the methodology and results.

Suggested Citation

  • Han-Lin Li & Jia-Jane Shuai, 2004. "Time And Money Trade-Off In Competence Set Expansion," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 251-263.
    • Handle: RePEc:wsi:ijitdm:v:03:y:2004:i:02:n:s0219622004001070
    DOI: 10.1142/S0219622004001070
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0219622004001070
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0219622004001070?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Josef Frysak & Edward W. N. Bernroider & Konradin Maier, 2017. "An Effort Feedback Perspective on Persuasive Decision Aids for Multi-Attribute Decision-Making," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 16(01), pages 161-181, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:ijitdm:v:03:y:2004:i:02:n:s0219622004001070. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ijitdm/ijitdm.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.