The purpose of this research is to inform business people, especially managers and executives who are facing strategic decision making the benefits and risks of relying on intuition. Hence, they can have a clear mind about to what extend they can trust
Management accounting involves identifying and measuring of different information. What is also important, management accounting is a process. As different management account systems are put into action in human contexts they will influence the humans and the systems will in their turn
In an attempt to capture the complexity of the economic system many economists were led to the formulation of complex nonlinear rational expectations models that in many cases can not be solved analytically. In such cases, numerical methods need to be employed…