scholarly journals An agenda for board research

2008 ◽  
Vol 4 (1) ◽  
pp. 50-56 ◽  
Author(s):  
Sandra Guerra ◽  
Adalberto Fischmann ◽  
Cláudio Antonio Pinheiro Machado Filho

Scholarly investigations on the board of directors, although intense from the mid-1990s onward, did not lead to entirely convincing results. This study proposes discussion on building a multidisciplinary and integrated theoretical framework able to capture the complexity and distinctive dimensions of the board as a group decision-making process. This is achieved through an essay developed from analytical and descriptive review of the literature. A synthesis on board research is presented, aiming to understand theoretical models lenses used to study corporate governance issues. The strengths and weaknesses of these models are pointed out, and their influence on board investigation is observed. This essay concludes by proposing a research agenda that considers the addition of psychological and sociological approaches to economic models of the analysis of group decision-making.

Mathematics ◽  
2021 ◽  
Vol 9 (13) ◽  
pp. 1554
Author(s):  
Dragiša Stanujkić ◽  
Darjan Karabašević ◽  
Gabrijela Popović ◽  
Predrag S. Stanimirović ◽  
Muzafer Saračević ◽  
...  

The environment in which the decision-making process takes place is often characterized by uncertainty and vagueness and, because of that, sometimes it is very hard to express the criteria weights with crisp numbers. Therefore, the application of the Grey System Theory, i.e., grey numbers, in this case, is very convenient when it comes to determination of the criteria weights with partially known information. Besides, the criteria weights have a significant role in the multiple criteria decision-making process. Many ordinary multiple criteria decision-making methods are adapted for using grey numbers, and this is the case in this article as well. A new grey extension of the certain multiple criteria decision-making methods for the determination of the criteria weights is proposed. Therefore, the article aims to propose a new extension of the Step-wise Weight Assessment Ratio Analysis (SWARA) and PIvot Pairwise Relative Criteria Importance Assessment (PIPRECIA) methods adapted for group decision-making. In the proposed approach, attitudes of decision-makers are transformed into grey group attitudes, which allows taking advantage of the benefit that grey numbers provide over crisp numbers. The main advantage of the proposed approach in relation to the use of crisp numbers is the ability to conduct different analyses, i.e., considering different scenarios, such as pessimistic, optimistic, and so on. By varying the value of the whitening coefficient, different weights of the criteria can be obtained, and it should be emphasized that this approach gives the same weights as in the case of crisp numbers when the whitening coefficient has a value of 0.5. In addition, in this approach, the grey number was formed based on the median value of collected responses because it better maintains the deviation from the normal distribution of the collected responses. The application of the proposed approach was considered through two numerical illustrations, based on which appropriate conclusions were drawn.


2015 ◽  
Vol 713-715 ◽  
pp. 1769-1772
Author(s):  
Jie Wu ◽  
Lei Na Zheng ◽  
Tie Jun Pan

In order to reflect the decision-making more scientific and democratic, modern decision problems often require the participation of multiple decision makers. In group decision making process,require the use of intuitionistic fuzzy hybrid averaging operator (IFHA) to get the final decision result.


2021 ◽  
pp. 1-25
Author(s):  
Pei Liang ◽  
Junhua Hu ◽  
KwaiSang Chin

The use of probabilistic linguistic preference relations (PLPRs) in pairwise comparisons enhances the flexibility of quantitative decision making. To promote the application of probabilistic linguistic term sets (PLTSs) and PLPRs, this paper introduces the consistency and consensus measures and adjustment strategies to guarantee the rationality of preference information utilized in the group decision making process. First of all, a novel entropy-based similarity measure is developed with PLTSs. Hereafter an improved consistency measure is defined on the basis of the proposed similarity measure, and a convergent algorithm is constructed to deal with the consistency improving process. Furthermore, a similarity-based consensus measure is developed in a given PLPR, and the consensus reaching process is presented to deal with the unacceptable consensus degree. The proposed consistency improving and consensus reaching processes follow a principle of minimum information loss, called a local adjustment strategy. In particular, the presented methods not only overcome the deficiencies in existing studies but also enhance the interpretation and reduce the complexity of the group decision making process. Finally, the proposed consistency measure and improving process, as well as consensus measure and reaching process are verified through a numerical example for the medical plan selection issue. The result and in-depth comparison analysis validate the feasibility and effectiveness of the proposed methods.


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