... factor in decision making process, which is the target In this thesis, we investigate how to make optimal decisions in the presence of a target profit in classical operations management problems In ... the impact of target on decision making (Payne et al 1980, 1981) Further, the importance of incorporating a target into decision making is highlighted in Simon (1955), Rubinstein (1998), and ... classical problems in operations management, inventory control and project management, by taking into account the effect of aspiration level such as profit target Different to the existing approach that...