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Journal articles on the topic 'Criterion of management decision making'

Author: Grafiati

Published: 30 May 2022

Last updated: 31 July 2025

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1

Bai, Serhii, Iryna Fedulova, and Yuliia Drozdova. "MANAGEMENT DECISION-MAKING: MULTI-CRITERION ASSESSMENT OF UNCERTAINTY." Financial and credit activity problems of theory and practice 4, no. 51 (2023): 190–201. http://dx.doi.org/10.55643/fcaptp.4.51.2023.4066.

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The article highlights the main characteristics of uncertainty and risk, which need to be taken into account when making management decisions to ensure the controllability of all processes at the enterprise. The significant attention of scientists to risk and uncertainty, and their significance for management decision-making is very high, so the debate about risk and uncertainty identification and their levels still remains open. The article defines the character and types of uncertainty, identifies a number of differences between risk and uncertainty in the process of management decision-maki

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Kornbluth, Jsh. "Sequential multi-criterion decision making." Omega 13, no. 6 (1985): 569–74. http://dx.doi.org/10.1016/0305-0483(85)90045-3.

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Skrypnikov, Aleksey, Irina Vysotskaya, Svetlana Evdokimova, Vera Zinov'eva, and Oksana Nikul'cheva. "Selecting an optimality criterion when making management decisions in complex technical systems." Modeling of systems and processes 17, no. 1 (2024): 120–28. http://dx.doi.org/10.12737/2219-0767-2024-17-1-120-128.

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Criteria for the optimality of a management decision make it possible to predict possible options for solving a problem, analyze the influence of various factors and optimize the operation of the system. An effective management decision implies the choice of an option for solving a given problem that corresponds to the best achievement of the goal, in terms of initial information about the problem. Automating the search for multiple valid management decisions can significantly speed up the design process and provide more effective interaction between humans and systems. The use of a rational o

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Ak, Hacer, and Washington Braida. "Sustainable municipal solid waste management decision making." Management of Environmental Quality: An International Journal 26, no. 6 (2015): 909–28. http://dx.doi.org/10.1108/meq-03-2015-0028.

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Purpose – The purpose of this paper is to assess a comprehensive model that computes a single score in order to evaluate the sustainability of the municipal solid waste management (MSWM) system of a given city. The model was applied to calculate the sustainability index for the MSWM of Istanbul, Turkey as a case study. Design/methodology/approach – Different sustainability indicators (including environmental, economical, and social parameters) along with exergy analysis were integrated to utilize an analytical hierarchy process (AHP) under a life cycle perspective. Findings – The Istanbul case

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Haseli, Gholamreza, Reza Sheikh, and Shib Sankar Sana. "Base-criterion on multi-criteria decision-making method and its applications." International Journal of Management Science and Engineering Management 15, no. 2 (2019): 79–88. http://dx.doi.org/10.1080/17509653.2019.1633964.

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6

Wołowiec, Tomasz, Łukasz Skowron, and Wiktor Cwynar. "PLANNING AND MANAGERIAL DECISION-MAKING." International Journal of New Economics and Social Sciences 18, no. 2 (2023): 83–92. http://dx.doi.org/10.5604/01.3001.0054.3039.

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The article analyzes the decision-making process as a procedural feature of the management pro-cess with multiple economic and psychosociological conditions . Decision-making can be consid-ered in two senses . In a broad sense, it is a complex process that consists of recording and evalu-ating information, identifying the decision problem and applying the adopted selection criterion, defining and issuing the decision (decision task), and recording information on its execution.

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Choo, Eng Ung, and William C. Wedley. "Optimal Criterion Weights in Repetitive Multicriteria Decision-Making." Journal of the Operational Research Society 36, no. 11 (1985): 983. http://dx.doi.org/10.2307/2582430.

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Choo, Eung Ung, and William C. Wedley. "Optimal Criterion Weights in Repetitive Multicriteria Decision-Making." Journal of the Operational Research Society 36, no. 11 (1985): 983–92. http://dx.doi.org/10.1057/jors.1985.177.

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Gaspars-Wieloch, Helena. "On some analogies between one-criterion decision making under uncertainty and multi-criteria decision making under certainty." Economics and Business Review 7, no. 2 (2021): 17–36. http://dx.doi.org/10.18559/ebr.2021.2.3.

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One-criterion decision making under uncertainty (1-DM/U) is related to situations in which the decision maker (DM) evaluates the alternatives on the basis of one objective, but e.g. due to numerous uncertain future factors some parameters of the problem are not deterministic. Instead of entirely known paramaters, a set of possible scenarios is available. Multi-criteria decision making under certainty (M-DM/C) concerns cases where the DM assesses particular options in terms of many objectives. The parameters are known. Therefore, scenario planning is redundant. Both issues are investigated by m

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Ivanenko, Tetiana, Viktor Hrushko, and Anatolii Frantsuz. "Optimal investment decision making on the model of production enterprise with limited resources." Investment Management and Financial Innovations 15, no. 4 (2018): 61–68. http://dx.doi.org/10.21511/imfi.15(4).2018.05.

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Investments are among the most important factors of national economic growth. Selection of optimal investment project is the first priority for any enterprise with limited financial resources. This study is dedicated to a choice among mutually exclusive projects, which are impossible to complete partially, so, one project must be chosen and all others must be rejected. An investor must find among all possible projects the one that allows to better achieve all investor’s aims. A mathematical model of multi-purpose multi-criteria investor decision making is proposed for investment project select

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Kucher, D. E., and S. G. Kharchenko. "The Precautionary Principle as a Decision-Making Criterion." Ecology and Industry of Russia 26, no. 1 (2022): 66–71. http://dx.doi.org/10.18412/1816-0395-2022-1-66-71.

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A comprehensive analysis of the precautionary principle is carried out in the article. The essence of the "precautionary principle" concept and its main elements are analyzed, the concept of "morally unacceptable harm"is interpreted. A retrospective analysis of the emergence of the "precautionary principle" concept is carried out, the place and role of the precautionary principle in various international treaties is investigated. It is emphasized that scientific uncertainty is not an excuse for inaction when there is convincing evidence of potentially serious damage. The moral and ethical basi

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Batiuk, B., and Y. Kuzyk. "Peculiarities of managerial decision-making by agricultural enterprises on the basis of game theory." Scientific Messenger of LNU of Veterinary Medicine and Biotechnologies 26, no. 104 (2024): 13–18. http://dx.doi.org/10.32718/nvlvet-e10403.

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Three approaches to the definition of game theory are considered: the first – as a process involving two or more parties fighting for the realization of their interests; the second – as a section of applied mathematics, more precisely operations research, and the third – as a method of modeling the impact of a decision on competitors. The game itself in game theory is understood as the process of struggle for the realization of their interests by two or more participants (parties). In such games, each side pursues its goal, to achieve which it considers a set of available action strategies. Ea

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Ліпич, Л.Г., М.А. Кушнір, В. В. Рубльов та О.А. Хілуха. "Прийняття управлінських рішень у публічному менеджменті". Академічні візії, № 8-9 (7 липня 2022): 100–108. https://doi.org/10.5281/zenodo.7090051.

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Management decisions in public management are an important aspect of management. However, their content is quite simple to describe in a few words - it is a choice of path and actions that guarantee the achievement of the goal and objectives of public management. The change in the paradigm of public administration and the transition to public management corresponds to public demands and the European integration aspirations of Ukraine. Therefore, the adaptation of the axiological and methodological basis of public management to the modern realities of public management in Ukraine with the aim o

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Soni, Prem K. "Integrated Multi-Criteria Decision-Making Methods for Selection of Supply Chain Partner for Supply Chain Management." International Journal for Research in Applied Science and Engineering Technology 9, no. VII (2021): 952–57. http://dx.doi.org/10.22214/ijraset.2021.36510.

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In today’s competitive business world, it is extremely important for decision makers to have access to decision support tools in order to make quick, right and accurate decisions. One of these decision-making areas is supplier or service provider selection. Supplier selection is a multi – criteria decision making process that deals with the optimization of conflicting objectives such as quality, services, cost, and delivery time. Although numbers of multiple criteria decisions making (MCDM) methods are available for solving MCDM problem, it’s observed that in most of these methods the ranking

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Коновалова, Галина, and Galina Konovalova. "Methodology making support optimal making at the operational level control machine-building enterprises." Bulletin of Bryansk state technical university 2014, no. 3 (2014): 183–89. http://dx.doi.org/10.12737/23184.

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The methodology to support optimal decision-making at the operational level management engineering company, which allows using optimization models and standard planning tools to select the best solution from the point of view of a given optimality criterion and certain restrictions.

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Kruzhilko, O., and V. Maystrenko. "Management decision-making algorithm development for planning activities that reduce the production risk level." Journal of Achievements in Materials and Manufacturing Engineering 1-2, no. 93 (2019): 41–49. http://dx.doi.org/10.5604/01.3001.0013.4141.

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Purpose: Algorithm development for a measures phased expert assessment to reduce production risk at an industrial enterprise to adapt the expert method to the conditions for specific problem solving. Design/methodology/approach: To develop an algorithm for making management decisions, a step-by-step solution process was used. If the problem is solved under conditions of complete or partial uncertainty, an expert method of estimation was applied. In the mathematical model of management decision-making used criterion approach. At the same time, the methods of Sevij, Wald, and Hurwitz are conside

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Tufeanu, Daniela, Augustin Semenescu, and Adrian Ioana. "Management Criteria and Principles, Applicable in Education and Scientific Research." Advanced Engineering Forum 34 (October 2019): 277–82. http://dx.doi.org/10.4028/www.scientific.net/aef.34.277.

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In the article we present certain criteria and management principles applicable to education and scientific research, in order to optimize these two important areas. We thoroughly presented management criteria such as: the methodological criterion, the economic criterion, the social criterion, the informational criterion, the organizational criterion, the functional criterion. Among the management principles we analyzed there are: the principle of the command unit, the principle of decision-making and the principle of the balance between centralization and decentralization.

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18

Butko, Ihor. "Model and method of making management decisions based on the analysis of geospatial information." Advanced Information Systems 5, no. 2 (2021): 42–48. http://dx.doi.org/10.20998/2522-9052.2021.2.07.

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The article proposes a model and method of making managerial decisions based on the analysis of geospatial information. The goal of the article is to improve the model and method of making managerial decisions based on the analysis of geospatial information. The results: the algorithm of process of acceptance of the administrative decision which consists of a situational and conceptual part is offered; the algorithm of actions of the head of the organization on the basis of the developed model of acceptance of the administrative decision is offered; the situation when the quality of the decisi

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19

Croucher, John S., and Stephnie Hon. "Strategic Decision Making Using Waiting Line Models." International Journal of Strategic Decision Sciences 10, no. 3 (2019): 20–32. http://dx.doi.org/10.4018/ijsds.2019070102.

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This article considers issues facing management and their decision processes to deal with them effectively. The first develops an optimal strategy for leasing equipment in which there are three available management options, the criterion being to minimize the total cost of use. The first option is to stay with the status quo, the second to lease faster equipment, and the third to lease multiple pieces of equipment. Two scenarios are discussed, one where the waiting time in the queue is taken into account while the other includes the time spent using the equipment itself. A second problem deals

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20

Balduk, Georgiy. "Optimization of management decisions in management of investment-building projects." Transport development, no. 1(2) (June 27, 2018): 26–40. http://dx.doi.org/10.33082/td.2018.1-2.03.

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The purpose of the work is to improve the success of investment and construction projects by increasing the success of management decisions based on their optimization. The paper analyzes the concept of optimization of the solution and the general principles of this process. The analysis results:  the certain incorrectness of using separate criteria of optimization of the decision for strategic and operational decisions in the management of investment-construction projects is substantiated; it is suggested to use a complex criterion for optimizing managerial decis

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21

Khudov, Hennadii, Oleksandr Makoveichuk, Ihor Butko, Mykola Butko, Veronika Khudolei, and Stanislav Kukhtyk. "The development of a management decision-making method based on the analysis of information from space observation systems." Eastern-European Journal of Enterprise Technologies 6, no. 9 (120) (2022): 59–69. http://dx.doi.org/10.15587/1729-4061.2022.269027.

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The object of this study is the process of making a management decision based on the analysis of information from space surveillance systems. Unlike the well-known ones, the method of making a management decision based on the analysis of information from space surveillance systems involves: – segmentation of an optoelectronic image; – determination and prediction of a priori probabilities of possible environmental states; – an application for making a management decision of a combination of Bayes criteria and a minimum of variance. Experimental studies have been carried out on making a managem

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22

KALUTARA, Pushpitha, Guomin ZHANG, Sujeeva SETUNGE, and Ron WAKEFIELD. "PRIORITISING SUSTAINABILITY FACTORS FOR AUSTRALIAN COMMUNITY BUILDINGS’ MANAGEMENT USING ANALYTICAL HIERARCHY PROCESS (AHP)." International Journal of Strategic Property Management 24, no. 1 (2018): 37–50. http://dx.doi.org/10.3846/ijspm.2018.318.

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The essence of Australian community buildings’ sustainable management drives through a previously established decision-making structure with four sustainability aspects and accompanying 18 criteria. Informed decisions are supported with a decision-making model that generates sustainability impacts of building components based on this decision-making structure. Building components’ individual impacts can be assigned using a numbering scale incorporated with linguistic terms. However, similar importance given to each aspect or criterion is arguable when the combined effect is considered. Hence,

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Geng, Guoting, and Robin Wardlaw. "Application of Multi-Criterion Decision Making Analysis to Integrated Water Resources Management." Water Resources Management 27, no. 8 (2013): 3191–207. http://dx.doi.org/10.1007/s11269-013-0343-y.

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24

D'Urso, M. G., and D. Masi. "MULTI-CRITERIA DECISION-MAKING METHODS AND THEIR APPLICATIONS FOR HUMAN RESOURCES." ISPRS - International Archives of the Photogrammetry, Remote Sensing and Spatial Information Sciences XL-6/W1 (May 27, 2015): 31–37. http://dx.doi.org/10.5194/isprsarchives-xl-6-w1-31-2015.

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Both within the formation field and the labor market Multi-Criteria Decision Methods (MCDM) provide a significant support to the management of human resources in which the best choice among several alternatives can be very complex. This contribution addresses fuzzy logic in multi-criteria decision techniques since they have several applications in the management of human resources with the advantage of ruling out mistakes due to the subjectivity of the person in charge of making a choice. Evaluating educational achievements as well as the professional profile of a technician more suitable for

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25

Kimpah, Jeniboy, Ibrahim Izwar, Sebastiaan Rothmann, and Hisham Jaaffar. "Participative decision-making, autonomy, and creative performance: Evidence of match-up employee relations between engineers and managers." Serbian Journal of Management 18, no. 2 (2023): 331–51. http://dx.doi.org/10.5937/sjm18-38188.

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This study aimed to determine the associations between engineers' perceptions of participative decision-making and autonomy, and their creative performance. The study utilised a paired matchup technique, with engineers and managers as respondents. Managers were responsible for assessing engineers' creative performance. Due to the study match-up design, questionnaires measuring participative decision-making, autonomy, and creative performance were distributed to the electrical and electronic manufacturing firms. SmartPLS software was used to analyse the hypothesised relationships. The results i

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V, Khavruk. "MODEL OF MANAGEMENT OF STOCKS UNDER CONDITIONS OF UNCERTAINTY WITH THE USE OF TRADITIONAL CRITERIA." National Transport University Bulletin 1, no. 46 (2020): 375–86. http://dx.doi.org/10.33744/2308-6645-2020-1-46-375-386.

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In article it is considered the procedure for the formation of a stock management model in conditions of uncertainty and the development of an appropriate solution based on such traditional criteria as the MM- criterion, the H-criterion, the N-criterion, the S-criterion, the HW-criterion. Object of research - inventory management system. Purpose of the study - to study the model of inventory management in conditions of uncertainty and to clarify the basic traditional criteria for making appropriate decisions. Method of the study - the analysis and formalization: quantitative indicators of rese

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Hennadii, Khudov, Makoveichuk Oleksandr, Butko Ihor, Butko Mykola, Khudolei Veronika, and Kukhtyk Stanislav. "The development of a management decision-making method based on the analysis of information from space observation systems." Eastern-European Journal of Enterprise Technologies 6, no. 9 (120) (2022): 59–69. https://doi.org/10.15587/1729-4061.2022.269027.

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The object of this study is the process of making a management decision based on the analysis of information from space surveillance systems. Unlike the well-known ones, the method of making a management decision based on the analysis of information from space surveillance systems involves: – segmentation of an optoelectronic image; – determination and prediction of a priori probabilities of possible environmental states; – an application for making a management decision of a combination of Bayes criteria and a minimum of variance. Experimental studies have bee

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R., Sangeetha, and G. B. Karthikeyan Dr. "KNITTED GARMENT UNITS PREFERENCE IN THE SELECTION OF SUPPLIERS IN TIRUPPUR DISTRICT." International Journal of Interdisciplinary Research in Arts and Humanities 1, no. 1 (2016): 119–27. https://doi.org/10.5281/zenodo.192370.

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This paper aims to identify the knitted garment units preference in the selection of suppliers in Tiruppur District. To determine the preference in the selection of suppliers, a structured questionnaire is carried out to 384 units. Exploratory factor analysis was applied to the respondents data collected and identified the factor groups. The factor groups of supplier selection along with the goals of Supply chain implementation have studied using Analytical Hierarchical Process. Analytical Hierarchical Process (AHP) is an effective tool for decision makers and researchers and is one of the mos

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Jing, Shuwei, Yao Tang, and Junai Yan. "The Application of Fuzzy VIKOR for the Design Scheme Selection in Lean Management." Mathematical Problems in Engineering 2018 (September 10, 2018): 1–15. http://dx.doi.org/10.1155/2018/9253643.

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Given that using the same evaluation criteria in group decision making (GDM) may cause solution bias, this research proposes the decision making model using improved fuzzy VIKOR and takes the lean management design scheme selection process in a real estate company as an example to study the way of decision making. Research results are as follows: (1) improved fuzzy VIKOR allows different decision makers to evaluate all schemes with respect to different evaluation criteria systems and, based on this, this research proposes a decision making model which can effectively avoid making decision usin

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Hakim, Arham Nashiruddin, and Danang Setiawan. "Multi-Criteria Decision Making (MCDM) Analysis in Vendor Selection Decision-Making Using the Analytical Hierarchy Process (AHP) Method." Qomaruna 2, no. 2 (2025): 10–21. https://doi.org/10.62048/qjms.v2i2.89.

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The high level of competition in the coal mining sector demands that companies optimize their strategies, technologies, and resources, including selecting the right vendors and partners, to survive and achieve maximum profit with minimal cost. The objective of this research is to select the best vendor for the procurement of wastewater quality monitoring at PT XYZ. The method used is the Analytic Hierarchy Process (AHP). There are six criteria used in the vendor selection process: quality, cost, delivery, environment, safety, and morale. The weight of each criterion was obtained through a pair

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Denisov, I. P. "Method of developing criteria for fire safety management of large-scale mass events." Technology of technosphere safety 93 (2021): 8–18. http://dx.doi.org/10.25257/tts.2021.3.93.8-18.

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Introduction. The article presents a method for developing decision-making criteria for fire safety management of large-scale mass events. The formalized decision-making procedure consists in choosing the category of large-scale mass events to ensure the necessary level of fire safety. The task of the research is to formalize the method of developing decision-making criteria that take into account the importance of choice parameters with a single scale of their formation. Methods. To solve the problem of making decisions on fire safety management of large-scale mass events, methods of multi-cr

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Lukyanov, P. B. "INTERACTIVE TOOLS FOR MODELING THE LOSS OF MANAGEMENT DECISIONS." SOFT MEASUREMENTS AND COMPUTING 2, no. 51 (2022): 25–31. http://dx.doi.org/10.36871/2618-9976.2022.02.003.

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The purpose of the work was to study losses in making managerial decisions and provide decision makers with modern interactive tools for modeling, analyzing and visualizing losses associated with the nonoptimality of such decisions. It is shown that the main criterion in making a managerial decision should be considered the losses associated with the magnitude of the deviation of the actual value of the decision quality index from the optimal value. To achieve the goal, the following tasks were solved: an analytical representation of the penalty function was proposed and justified, taking into

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Peng, Yi, and Lean Yu. "Multiple criteria decision making in emergency management." Computers & Operations Research 42 (February 2014): 1–2. http://dx.doi.org/10.1016/j.cor.2013.08.024.

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I, Ketut Santra, Wayan Sukarta I, and Ni Wayan Sumetri. "Multi Criteria-based Decision Making of Affiliative Orchestration Capability of Balinese Tourism Management." Webology 19, no. 1 (2022): 5444–54. http://dx.doi.org/10.14704/web/v19i1/web19365.

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The study analyzes what tasks are carried out and how the tourism village manager harmonizes the differences in interests between stakeholders in the tourist village. This research was conducted by examining the practice of governance competencies carried out by tourism village managers in Bali by conceptualizing Affiliative Orchestration Capability (AOC). By using multiple criteria of stakeholders as the basis for decision making, this study formulates a set of competency models for tourism village managers. The results underline the importance of affiliative orchestration ability as a set of

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Dmowski, Artur, Łukasz Wojciechowski, Grzegorz Gliszczyński, and Barbara Mróz-Gorgoń. "ECONOMIC DETERMINANTS OF INTERNATIONAL ENTREPRENEURSHIP." International Journal of New Economics and Social Sciences 18, no. 2 (2023): 133–51. http://dx.doi.org/10.5604/01.3001.0054.3044.

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The article analyzes the decision-making process as a procedural feature of the management pro-cess with multiple economic and psychosociological conditions . Decision-making can be consid-ered in two senses . In a broad sense, it is a complex process that consists of recording and evalu-ating information, identifying the decision problem and applying the adopted selection criterion, defining and issuing the decision (decision task), and recording information on its execution.

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Zeleny, Milan. "Multiple criteria decision making: eight concepts of optimality1." Human Systems Management 17, no. 2 (1998): 97–107. http://dx.doi.org/10.3233/hsm-1998-17203.

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Multiple Criteria Decision Making (MCDM) is firmly rooted in an alternative concept of optimality where multiple (rather than single) criteria characterize the notion of “the best” (or optimal), as is prevalent in the areas of economics, engineering, management and business. These are often constrained problems where search for an optimal solution requires some form of evaluating criteria performance tradeoffs. Because there are no tradeoffs along a single criterion, optimality is an essentially multi-criteria concept. In this paper we extend and develop the notion of optimum as a balance amon

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Usanto, Usanto, Lela Nurlaela, and Reza Syahrial. "Determination of Exemplary Lecturer Decision Making with Modified Attributes and Criteria Prioritization Technique." Journal of Computer Networks, Architecture and High Performance Computing 5, no. 1 (2023): 220–28. http://dx.doi.org/10.47709/cnahpc.v5i1.2143.

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The problem of determining exemplary lecturers is included in the multi-criteria decision making problem because the assessment can be based on predetermined assessment criteria. Consequently, determining exemplary lecturers is an important aspect of improving the quality of education in an institution. In order for the final outcomes of exemplary lecturers to be objective and to examine various values for each criterion and criterion characteristic, decision-making processes are obviously required. Consequently, the goal of this study is to provide a model for evaluating the performance of ex

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Zhuravlev, N. M. "Depth of extinguishing as a criterion for effectiveness of management of combat operations to extinguish a fire in residential buildings." Technology of technosphere safety 94 (2021): 201–9. http://dx.doi.org/10.25257/tts.2021.4.94.201-209.

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Introduction. The article substantiates the use of the depth of fire extinguishing by fire-fighting hoses for estimating the possibility of localization of fire in the management of combat operations in residential buildings. On the basis of the criterion in a generalized form a block-scheme of the generalized algorithm of the decision-making support of the fire extinguishing manager, which makes it possible to determine the possibility of localization of the fire by the available water fire-fighting hoses, is offered. A theoretical substantiation of the value of depth of fire extinguishing wi

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HRYNCHAK, N. "Conceptual aspects of multi-criteria decision-making in management activity." Scientific Bulletin of the National Academy of Statistics, Accounting and Audit, no. 1-2 (March 31, 2023): 68–76. http://dx.doi.org/10.31767/nasoa.1-2-2023.07.

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The activities of enterprises in conditions of instability of the external environment, high rates of technical progress and processes of globalization create many complex problems for them, the solution of which requires the adoption of balanced and effective management decisions. Decision-making is one of the most important elements of managing the development of an enterprise, both in the short-term and in the long-term. In this regard, there is an intensive development of various tools and methods of the management decision-making process. The conceptual aspects of multi-criteria decision-

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Samuilovich Gasparian, Mikhail, Irina Anatolievna Kiseleva, Dmitry Gennadievich Korneev, Sergey Arkadyevich Lebedev, and Viktor Arkadyevich Lebedev. "Role of the St. Petersburg Paradox in Decision-Making." International Journal of Engineering & Technology 7, no. 4.38 (2018): 186. http://dx.doi.org/10.14419/ijet.v7i4.38.24438.

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The article considers the appearance and modern interpretations of the St. Petersburg paradox. A review of the main solutions of the St. Petersburg paradox and an attempt to define their significance for the economic theory have been made. The impact of this problem on the economic theory can be seen by the example of such provisions as the principle of diminishing marginal utility, the use of expected utility as a criterion for decision-making in the context of uncertainty, as well as the basics of microeconomics of insurance and risk management, game theory, and some approaches to financial

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ZAICHENKO, Yulia S., Denis V. TARAKANOV, and Sergey A. SHKUNOV. "Modification of decision making support model for fire trucks distribution." Fire and Emergencies: prevention, elimination 1 (2024): 63–68. http://dx.doi.org/10.25257/fe.2024.1.63-68.

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Purpose. The article deals with improving the decision making support model for fire trucks distribution to territorial fire and rescue garrisons. The necessity of this improvement is caused by the decision making dimension increase due to introducing a new criterion that allows assessing adequacy of territorial fire and rescue garrisons’ means and forces. The authors’ purpose is to modify the practice-oriented procedure for supporting decision making by officials of EMERCOM of Russia. The set purpose determines the following tasks: to analyze decisions in the field of assessing means and forc

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GUROVA, E. S., and E. P. ZNAMENSKAYA. "INCREASING THE EFFICIENCY OF MANAGERIAL DECISION THROUGH THE IMPLEMENTATION OF A BUILT-IN QUALITY SYSTEM." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 1, no. 11 (2020): 54–59. http://dx.doi.org/10.36871/ek.up.p.r.2020.11.01.006.

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The article considers one of the important criteria for improving the enterprise management system – making a high-quality management decision. This criterion affects the development of the organization's management system. The proposed method, using the implementation of the built-in quality system, will increase the number of high-quality decisions made, increase the ability of the management system to adapt to external changes, and contribute to the formation of a self-supporting system by using the internal reserves of the organization.

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Borders, Bruce E., W. Dale Greene, and Michael L. Clutter. "Variable Bedding, Planting, Harvesting and Transportation Costs Impact Optimal Economic Management Regimes." Southern Journal of Applied Forestry 15, no. 1 (1991): 38–43. http://dx.doi.org/10.1093/sjaf/15.1.38.

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Abstract Stand management decisions should be based on economic considerations for profit-oriented organizations and individuals. Maximization of bare land value is an appropriate criterion to use for such decisions. It is argued that planting, bedding, harvesting, and transportation costs vary by stand density and should therefore be incorporated into the decision-making process as variable costs on industrial lands. It is shown that not allowing for such variable costs leads to less than optimal decisions concerning planting density and rotation age. South. J. Appl. For. 15(1):38-43.

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Ben Amor, Sarah, Anissa Frini, and Gilles Reinhardt. "Preface: multiple criteria decision making for sustainable decisions." Annals of Operations Research 293, no. 2 (2020): 401–3. http://dx.doi.org/10.1007/s10479-020-03786-3.

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Foškulo, A., and M. Kokoruš. "Streamlining the Decision- Making Process on Tubular Rigid Busbar Selection During the Planning / Designing Stage by Utilizing 3D Substation BIM Design Software." Journal of Energy - Energija 67, no. 3 (2022): 20–29. http://dx.doi.org/10.37798/201867370.

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For Utilities, each substation is regarded as an asset. Managing of assets is one of domains of Asset Management including Life Cycle Costing (LCC) as a decision-making criterion. However, LCC as a decision-making criterion should be applied on an entire substation taking into account all of the potential cost influences for the purpose of achieving of an effective substation management. Asset management as a decision-making process should be observed within a larger context and should be more focused on risk management, as all real decisions include an element of risk due to present uncertain

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Qin, Rui, Huchang Liao, and Lisheng Jiang. "A CRITERION UTILITY CONVERSION TECHNIQUE FOR PROBABILISTIC LINGUISTIC MULTIPLE CRITERIA ANALYSIS IN EMERGENCY MANAGEMENT." Technological and Economic Development of Economy 27, no. 5 (2021): 1207–26. http://dx.doi.org/10.3846/tede.2021.15051.

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In multiple criteria decision making (MCDM), the even swaps method uses the relationships of criteria to make trade-offs but the burdens of experts are heavy; the linear programming technique for multidimensional analysis of preference (LINMAP) method cannot deal with the inter-dependencies among criteria but the cognitive burdens of experts are low. Taking the advantages of both these methods, this study proposes a criterion utility conversion (CUC) technique to solve probabilistic linguistic MCDM problems given that the probabilistic linguistic term set (PLTS) can reflect the psychology of e

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Bell, Steven J., and Cynthia Cronin-Kardon. "Making the Library Management Systems Acquisition: Achieving Resolution of a Tough Decision." College & Research Libraries 59, no. 4 (1998): 347–60. http://dx.doi.org/10.5860/crl.59.4.347.

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At some point in their careers, library administrators will likely be involved in the acquisition of a new library automation system. Whether it is a first-time acquisition or a migration from old to new, the decision is perhaps the most challenging the administrator will ever have to make. Despite an abundance of information in the library literature on the mechanical and managerial aspects of acquiring a new automated system, there is scant information on, or investigation into, the decision-making process that leads to the selection of an automation vendor. Based on the premise that the aut

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Wang, Zeng Zhong, Li Chu Fan, and Mark Hastak. "Multi-Criteria Optimization of Bridge Management." Advanced Materials Research 255-260 (May 2011): 4080–84. http://dx.doi.org/10.4028/www.scientific.net/amr.255-260.4080.

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Optimizing investment funding levels and combinations of treatment types and timings, as an aid to management decision making, are vital functions of any bridge management system (BMS). Bridge management is always involved the bridge performance assessment which is essentially a multiple criteria decision making (MCDM) problem, which involves multiple assessment criteria such as traffic safety enhancement, preservation of bridge condition, protection from extreme events, agency cost minimization and user cost minimization. In this paper, a multi-criteria optimization methodology was developed

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Kizielewicz, Bartłmiej, and Wojciech Sałabun. "SITW Method: A New Approach to Re-identifying Multi-criteria Weights in Complex Decision Analysis." Spectrum of Mechanical Engineering and Operational Research 1, no. 1 (2024): 215–26. http://dx.doi.org/10.31181/smeor11202419.

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Multi-Criteria Decision Analysis (MCDA) addresses complex decision-making problems across various fields such as logistics, management, medicine, and sustainability. MCDA tools provide a structured approach to evaluating decisions with multiple conflicting criteria, assisting decision-makers in navigating intricate scenarios. Engaging experts is crucial for identifying multi-criteria models due to the diverse aspects of decision-making problems. Techniques such as pairwise comparisons and criterion weight assignment are commonly used to incorporate expert knowledge into decision models. Criter

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Voronin, K. P., N. A. Malkov, and A. Y. Lapidus. "Energy saving method of power plants on promising ships in the Russian Navy." Transactions of the Krylov State Research Centre S-I, no. 1 (2021): 137–38. http://dx.doi.org/10.24937/2542-2324-2021-1-s-i-137-138.

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Energy consumption management will allow to increase the energy efficiency of ships mechanisms in the long term, by the short term it will help to develop and implement mechanisms for managing electricity consumption. Scientifically grounded energy consumption can be used as a management tool and improving the quality and efficiency in decision-making. Minimum energy consumption (minimal cost of the consumed energy) can be used as a criterion for the method of a decision-making.

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