Two-stage superposition choice procedures, which sequentially apply two choice procedures so that the result of the first choice procedure is the input for the second choice procedure, are studied. We define which of them satisfy given normative conditions, showing how a final choice is changed...

We consider different choice procedures such as scoring rules, rules, using majority relation, value function and tournament matrix, which are used in social and multi-criteria choice problems. We focus on the study of the properties that show how the final choice is changed due to changes of...

The success of the entire supply chain largely depends on the selection of suppliers. This process is one of the most important factors and it has a direct impact on the organizations performance. The aim of this paper is to evaluate different suppliers of furniture production company using...

The Multi-Criteria Decision Making (MCDM) problems have received considerable attention from various researchers over the past decades. Great variety of methods and approaches have been developed within this field. The aim of this paper is to use a new Combinative Distance-based Assessment...

An optimal asset allocation is crucial for non-life insurance companies. The most previous studies focused on this topic use a mono-objective technique optimization. This technique usually allows the maximization of shareholders' expected utility. As non-life insurance company is a complex...

Business schools are confronted with a challenge of developing students to be managers, focused on productivity and adding value at the work process. 21st century education should aid student population substantially in thinking beyond profitability and self-interest and lead their strategical...

By using the methods of multi-criteria analysis it is possible to make decisions which have significant influence on companies' business. The aim of this paper is to evaluate different suppliers using the integrated model that recognizes a combination of fuzzy AHP (Analytical Hierarchy Process)...