When dealing with multi-criteria decision making problem the concept of Pareto -optimality and Pareto-dominance could be inefficient (the lack of unique solution), especially with many number of criteria. Our paper faces the fuzzy multi-criteria decision making problem based on Zadeh’s...

Scoring the negotiation template and building the scoring system of the negotiation offers is a starting point for negotiation analysis. It is usually done by means of classic additive scoring model. Latest research confirms however that TOPSIS may be a good alternative for SAW-based models,...

In this paper a basic resource allocation problem with uncertain costs is discussed. The problem consists in choosing exactly p items out of n available to minimize the total cost. The uncertain item costs are specified as a discrete scenario set and the minmax criterion is used to choose a...

The main goal of this paper is presentation a modern axiomatic approach to financial arithmetic. At the first, the axiomatic financial arithmetic theory was proposed by Peccati who has introduced the axiomatic definition of the future value. This theory has been extensively developed in past...

This article measures the reaction of marginal investors to the announcement of a surprise dividend increase. Although field research is performed on companies listed on the Warsaw Stock Exchange, the article has important theoretical implications. Valuation theory gives many clues for the...

The paper presents six ways to move a warehouseman during order picking process. Ratliff and Rosenthal in 1983 developed an efficient algorithm for determining the optimal route. It’s use in practice, however, involves the need to implement the relevant computer system. It is not always...

The reality of modern times places increasing emphasis on the use of research results. This paper presents programs which implement the tools for interactive methods of decision support under risk, proposed by M. Nowak, as a complementary way to disseminate research results. It also presents a...

An increasing number of bankruptcy announcements causes that even greater attention is put to the correct evaluation of probability of default (PD) and decisions made on the basis of it. Reliable estimation of bankruptcy threat reduces the risk not only for the company itself but also for all...

The purpose of this article is to identify the factors influencing the probability of winning in public procurement procedures and to assess the strength of their impact from the perspective of both: the bidder and procurer. The research was conducted with the use of series of quantitative...

This article is dedicated to constructing a method for the probabilistic analysis of the functioning a certain production-supply system. We continue the research started in the article [8], where, among other things, we derived a set of partial differential equations satisfied by the joint...