Engineering topics
Publications and source records attributed to Zannetos, Z. S..
The problems associated with, and the financial resources required for ocean transportation of petroleum in the 1970s are discussed in terms of the energy crisis. Spot rate fluctuations for tankers are examined along with the financial requirements for ocean transportation.
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An attempt has been made to analyze the strengths and weaknesses of the cybernetics approach as applied to management. The conclusion is that cybernetics can serve not only as a conceptual philosophical aid, but also as an operational tool in both managerial planning and control. So far, however, most of its promise is yet unrealized; especially in the planning sphere. Only in the area of control of operations has the impact of this promising field shown tangible results.
Experiments on decision making in planning problems are described. Executives were tested in dealing with capital investments and competitive pricing decisions under conditions of uncertainty. A software package, the interactive risk analysis model system, was developed, and two controlled experiments were conducted. It is concluded that planning models can aid management, and predicted uses of the models are as a central tool, as an educational tool, to improve consistency in decision making, to improve communications, and as a tool for consensus decision making.
The computerized management of information systems and organizational structures is discussed. The subjects presented are: (1) critical factors favoring centralization and decentralization of organizations, (2) classification of organizations by relative structure, (3) attempts to measure change in organization structure, and (4) impact of information technology developments on organizational structure changes.