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This paper discusses the use of multi-criteria decision analysis for supporting strategic decision making in organisations. It begins by exploring the notions of strategic decisions and the strategic decision-making process. We suggest that structuring strategic objectives, dealing with high...
Persistent link: https://www.econbiz.de/10009439493
The integrated use of Scenario Planning and Multi-Criteria Decision Analysis (MCDA) has been advocated as a powerful combination for providing decision support in strategic decisions. Scenario Planning helps decision makers in devising strategies and thinking about possible future scenarios;...
Persistent link: https://www.econbiz.de/10009439526
Locating logistic facilities, such as plants and distribution centres, in an optimal way, is a crucial decision for manufacturers, particularly those that are operating in large developing countries which are experiencing a process of fast economic change. Traditionally, such decisions have been...
Persistent link: https://www.econbiz.de/10009439942
This paper discusses the use of multi-criteria decision analysis for supporting strategic decision making in organisations. It begins by exploring the notions of strategic decisions and the strategic decision-making process. We suggest that structuring strategic objectives, dealing with high...
Persistent link: https://www.econbiz.de/10009439980
Persistent link: https://www.econbiz.de/10004973533
Multi-criteria portfolio modelling has been extensively employed as an effective means to allocate scarce resources for investment in projects when considering costs, benefits and risks. Some of these modelling approaches allow the grouping of projects into organisational areas, thus also...
Persistent link: https://www.econbiz.de/10004973629
Multi-criteria decision analysis (MCDA) is well equipped to deal with conflicting, qualitative objectives when evaluating strategic options. Scenario planning provides a framework for confronting uncertainty, which MCDA lacks. Integration of these methods offers various advantages, yet its...
Persistent link: https://www.econbiz.de/10011126098
In recent years the field of decision analysis has been heavily influenced by the "analytics'' perspective, which integrates advanced data-mining and learning methods, often associated with increasing access to "Big-Data", with decision support systems. This rapidly growing and very successful...
Persistent link: https://www.econbiz.de/10010821195