Improving the ATM cash management techniques of banks has already received significant attention in the literature as a separate optimisation problem for banks and the independent firms that supply cash to automated teller machines. This article concentrates instead on a further possibility of...

In the paper, we investigate the pricing behavior of a risk averse monopoly. Since the focus is on the risk averse attitude of the firm, we ignore cost in our model. Demand is considered to be stochastic demand: as price decreases, the expected number of customers increases, but it has a...

Criteria weighting is a key element of multicriteria decision analysis that is becoming extensively used in healthcare decision-making. In our narrative review we describe the advantages and disadvantages of various weighting methods.An assessment of the eight identified primary criteria...

The method of pairwise comparisons is frequently applied for ranking purposes. This article aims to rank top women tennis players based on their win/lose ratios. Incomplete pairwise comparison matrices (PCMs) were constructed from data obtained from the WTA (Women’s Tennis Association)...

Incomplete pairwise comparison matrix was introduced by Harker in 1987 for the case in which the decision maker does not fill in the whole matrix completely due to, e.g., time limitations. However, incomplete matrices occur in a natural way even if the decision maker provides a completely filled...

The Sniffin’ Sticks test is evaluated by summing the scores of threshold, discrimination, and identification subtests to establish an olfactory diagnosis (anosmia , hyposmia , normosmia). However, variations in thresholds, ranges and inconsistencies have been observed. Statistical analyses...

The outcome of some football matches has benefited both teams at the expense of a third team because head-to-head results were used for breaking ties. Inspired by these examples, our mathematical analysis identifies all possible collusion opportunities caused by this particular ranking rule in a...

The eigenvalue method, suggested by the developer of the extensively used Analytic Hierarchy Process meth- odology, exhibits right-left asymmetry: the priorities derived from the right eigenvector do not necessarily coincide with the priorities derived from the reciprocal left eigenvector. This...

Since there exist several completion methods to estimate the missing entries of pairwise comparison matrices, practitioners face a difficult task in choosing the best technique. Our paper contributes to this issue: we consider a special set of incomplete pairwise comparison matrices that can be...

The best–worst method is an increasingly popular approach to solving multi-criteria decision-making problems. However, the usual prioritisation techniques may result in an ordinal violation if the best (worst) alternative identified in the first step does not receive the highest (lowest)...