An Integrated Group Decision-Making Approach Considering Uncertainty Conditions

Video in TIB AV-Portal: An Integrated Group Decision-Making Approach Considering Uncertainty Conditions

Formal Metadata

Title
An Integrated Group Decision-Making Approach Considering Uncertainty Conditions
Title of Series
Author
License
CC Attribution - NonCommercial 4.0 International:
You are free to use, adapt and copy, distribute and transmit the work or content in adapted or unchanged form for any legal and non-commercial purpose as long as the work is attributed to the author in the manner specified by the author or licensor.
Identifiers
Publisher
Release Date
2021
Language
English

Content Metadata

Subject Area
Abstract
The management of business information processes needs effective decision-making models. That means to involve different methods, techniques, and principles to improve competitiveness and to achieve the planned business results. In this context, the article deals with the problem of group decision-making under uncertain conditions. To cope with such problems some well-known optimization strategies of Wald, Laplace, Hurwitz, and Savage are modified to take into account the experts’ opinions with different importance when forming the final group decision. Numerical testing is based on a case study for CRM software selection. The results are discussed based on the proposed models under two different cases derived from the case study. The conducted numerical testing of the proposed models demonstrates their applicability to cope simultaneously with multiple experts’ evaluations and uncertainty conditions.
Keywords Group decision-making uncertainty conditions cost-benefit estimation Wald’s Laplace’s Hurwitz’s Savage’s criteria

Related Material

Video is accompanying material for the following resource
Feedback