Several multi-criteria-decision-making methodologies assume the existence of weights associated with the different criteria, reflecting their relative importance.One of the most popular ways to infer such weights is the analytic hierarchy process, which constructs first a matrix of pairwise...

The recent notion of Average Internal Rate of Return (AIRR) [Magni 2010, The Engineering Economist, 55(2), 150-180] completely solves the long-standing problem of the internal rate of return (IRR). While the AIRR is a return measure, this paper presents a cash-flow measure, namely the ratio of...

The comparison of mental models of dynamic systems improves our understanding of how people comprehend, interpret, and subsequently influence dynamic management tasks. Approaches to comparing mental models currently used in managerial and organizational cognition research, especially the...

The analytic hierarchy process (AHP) is a widely-used method for multicriteria decision support based on the hierarchical decomposition of objectives, evaluation of preferences through pairwise comparisons, and a subsequent aggregation into global evaluations. The current paper integrates the...

New business opportunities and challenges are changing the structure of office, industrial and retail organisations and altering the pattern and demand for space. These agents of change on organisations’ decisions for new space formed the basis for a questionnaire survey of 167 new space...

The generation of Pareto optimal solutions for complex systems with multiple conflicting objectives can be easier if the problem can be decomposed and solved as a set of smaller coordinated subproblems. In this paper, a new decomposition-coordination method is proposed, where the global problem...

Purpose – The purpose of this paper is to investigate the range sensitivity of the analytic hierarchy process (AHP) and evaluate the effectiveness of using a bottom‐up approach to mitigate the possible range insensitivity bias in the AHP. Design/methodology/approach – An experiment was...

Purpose The purpose of this paper is to present a hybrid modelling that combines concepts and techniques for scenario building together with a Multi-criteria Decision Aid (MCDA) outranking approach. The paper presents a case to illustrate the proposed methodology. Design/methodology/approach The...

Purpose This paper aims to take the challenge to propose a novel modelling approach named Change Risk Assessment Model (CRAM), which will contribute significantly to the missing formality of business models especially in the change risk assessment area and decision-making. Organisational change...