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The best-value system is viewed as a balance between the consideration of price and qualifications. The low-bid ethod fails to serve the public interest because the lowest offer may not result in the lowest overall cost to the public. Best-value contracting strategy aims at using price and other...
Persistent link: https://www.econbiz.de/10014203716
In decision-making involving multiple criteria or attributes, the attributes are often divided into core and non-core attributes. A dominance principle is formulated in terms of core attributes, and this principle is applied whenever it is applicable. If, however, the dominance principle defined...
Persistent link: https://www.econbiz.de/10014215544
Institutions are governance tools. They are useful only if they impact on behaviour: of citizens, and of those administering the legal system. Models of behaviour are therefore crucial for institutional analysis and design. In light of this, this paper draws lessons for institutional analysis...
Persistent link: https://www.econbiz.de/10014221661
Persistent link: https://www.econbiz.de/10014226057
The strong world-wide urbanisation trend calls for a repositioning of cities, especially the large cities with a global impact. These cities tend to become economic, logistic and political powerhouses and are increasingly involved in a competition on their integral performance. The present paper...
Persistent link: https://www.econbiz.de/10014155000
Consciousness affects managerial decision making in the real world. In today's dynamic and complex world, managers have to evaluate multiple criteria and various constraints associated with them. An attempt is made in this paper to rank managers into various consciousness levels based on the...
Persistent link: https://www.econbiz.de/10014160124
In decision analysis, decision context contains decision domain and decision situation. Decision domain refers to general aspects and decision situation to the unique aspects. True decision (not good decision) is a decision that be made based on facts and this requires decision context that is...
Persistent link: https://www.econbiz.de/10014113783
This article aims to use a Multicriteria decision making method name Fuzzy AHP in order to locate a "Starbucks" franchise for the first time in the city of Barranquilla, Colombia. As a decision support tool, fuzzy logic was applied to the Analysis Hierarchy Process (Fuzzy AHP), considering as...
Persistent link: https://www.econbiz.de/10014115340
How can diversity be measured? What does it mean to value biodiversity? Can we assist Noah in constructing his preferences? To address these questions, we propose a multi-attribute approach under which the diversity of a set of species is the sum of the values of all attributes possessed by some...
Persistent link: https://www.econbiz.de/10014116197
We define and describe a strategic framework for digital learning transformation using a well-established multi-criteria decision-making (MCDM) technique – the Analytic Hierarchy Process (AHP). We classify the digital transformation paths along 12 different dimensions of becoming, cognifying,...
Persistent link: https://www.econbiz.de/10014116795