Using an AHP Rating Model to Select a Suitable Approach to Intellectual Capital Management

2014 ◽  
Vol 6 (3) ◽  
pp. 22-42 ◽  
Author(s):  
Daniela Carlucci ◽  
Paula Kujansivu
Keyword(s):  
Intellectual Capital ◽  
Critical Issue ◽  
Management Approach ◽  
Factors Affecting ◽  
For Profit ◽  
Not For Profit ◽  
Decision Making Problem ◽  
Complex Decision Making ◽  
Complex Decision ◽  
Rating Model

Although a large number of models and tools for managing Intellectual Capital (IC) have been introduced in the literature, the practical operationalisation of IC management still remains challenging. In particular, how managers can better evaluate and select a proper IC management approach represents a critical issue. Selecting a suitable IC management approach is a complex decision-making problem which involves a set of factors affecting the choice. As many factors should be taken into account in that decision, the problem can be tackled using multi-criteria methods. Through a synthesis of management literature regarding the approaches to IC management and the factors affecting their choice, the paper develops an AHP rating model, which keeps in focus the most meaningful elements to be considered in making decision on IC management. The paper presents the results of the application of the model within a not-for-profit organization.

scholarly journals Integration of AHP and GTMA to Make a Reliable Decision in Complex Decision-Making Problems: Application of the Logistics Provider Selection Problem as a Case Study

Symmetry ◽  
2020 ◽  
Vol 12 (5) ◽  
pp. 766
Author(s):  
Danijela Tuljak-Suban ◽  
Patricija Bajec
Keyword(s):  
Decision Making ◽  
Analytic Network Process ◽  
Third Party ◽  
Selection Problem ◽  
New Method ◽  
Analytic Hierarchy ◽  
Decision Making Problem ◽  
Network Process ◽  
Complex Decision Making ◽  
Complex Decision

When solving a Multi-Criteria Decision-Making problem of any degree of complexity, many researchers rely on the analytic hierarchy process (AHP). To consider mutual connections between criteria and clusters at the same level and not only the hierarchical structure between criteria and subcriteria, researchers often upgrade from AHP to the Analytic Network Process (ANP), which also examines the interdependency of criteria. However, the ANP method requires a large number of pairwise comparisons. In the case of a complex decision-making problem, the authors of this paper suggest upgrading the AHP method with the graph theory and matrix approach (GTMA) for several reasons: (1) The new method is based on digraphs and permanent value computation, which does not require a hypothesis about interdependency; (2) in case of similar alternatives, the distinguishable coefficient of the new method is higher than those computed for AHP and ANP; (3) the new method allows decision makers to rank comparable alternatives and to combine structurally similar methods without increasing the number of comparisons and the understanding of the results. The developed method (AH-GTMA) is validated by a numerical example of a complex decision-making problem based on a symmetrical set of similar alternatives, a third party logistic provider (3PLP) selection problem.

ABSOLUTE: AN INFORMATION VISUALIZATION SYSTEM FOR DECISION SUPPORT IN SOURCING

2002 ◽  
Vol 02 (01) ◽  
pp. 1-20 ◽  
Author(s):  
JUHNYOUNG LEE
Keyword(s):  
Decision Support ◽  
Information Visualization ◽  
Business Environment ◽  
General Purpose ◽  
Visualization System ◽  
Data Manipulation ◽  
Decision Making Problem ◽  
Complex Decision Making ◽  
Direct Data ◽  
Complex Decision

ABSolute is a general-purpose, multi-dimensional decision support system which has a highly sophisticated visualization-based user interface for direct data manipulation. The interface and analysis facilities of this system enable the users to effectively view, explore, search, compare and classify data items to make discoveries, decisions or explanations about patterns, groups of items, or individual items with the highest level of confidence and knowledge. The usefulness of this system is demonstrated in solving a complex decision-making problem in a business environment: a bid evaluation and selection problem in corporate procurement using a RFQ (Request-For-Quotes) process.

scholarly journals Performance management and the balanced scorecard in the modern non-profit organisation

2011 ◽  
Vol 7 (1) ◽  
pp. 48-56
Author(s):  
Ian O’Boyle
Keyword(s):  
Performance Management ◽  
Balanced Scorecard ◽  
Potential Benefit ◽  
Business Environment ◽  
Measurement Tool ◽  
Management Approach ◽  
Non Profit ◽  
The Balanced Scorecard ◽  
For Profit ◽  
Not For Profit

Performance management is a process that has been used in the for-profit business environment for many years and has had significant benefit for that sector. As the not for- profit organisation enters new dimensions of competitiveness, increased professionalism and a call for greater transparency, the utility of a performance management approach within the not for profit environment and its potential benefit for such an organisation is explored. The application and appropriateness of the balanced scorecard as a measurement tool is analyzed within the article and it becomes apparent that such a tool can have a direct impact on the performance of the modern not for-profit entity.

scholarly journals AN INTEGRATED DECISION-MAKING MODEL FOR EFFICIENCY ANALYSIS OF THE FORKLIFTS IN WAREHOUSING SYSTEMS

2021 ◽  
Vol 19 (3) ◽  
pp. 537
Author(s):  
Eldina Mahmutagić ◽  
Željko Stević ◽  
Zdravko Nunić ◽  
Prasenjit Chatterjee ◽  
Ilija Tanackov
Keyword(s):  
Decision Making ◽  
Daily Basis ◽  
Data Envelopment ◽  
Business Applications ◽  
Decision Making Problem ◽  
Complex Decision Making ◽  
Complex Decision ◽  
Warehousing Systems ◽  
Using Data ◽  
Decision Making Model

In the logistics world, special attention should be given to warehousing systems, cost rationalization, and improvement of all the factors that affect efficiency and contribute to smooth functioning of logistics subsystems. In real time industrial practice, the issue of evaluating and selecting the most appropriate forklift involves a complex decision-making problem that should be formulated through an efficient analytical model. The forklifts efficiency plays a very important role in the company. The forklifts are being used on a daily basis and no logistical processes could be done without them. Therefore, it has been decided to determine their efficiency, which will contribute to the optimization of the process in this logistics subsystem. This study puts forward an integrated forklift selection model using Data Envelopment Analysis (DEA), Full Consistency Method (FUCOM) and Measurement Alternatives and Ranking According to the Compromise Solution (MARCOS) methods. Five input parameters (regular servicing costs, fuel costs, exceptional servicing costs, total number of all minor accidents and damage caused by forklifts) and one output parameter (number of operating hours) were first identified to assess efficiency of eight forklifts in a warehousing system of the Natron-Hayat company using the DEA model. This step allows sorting of efficient forklifts which are subsequently evaluated and ranked using FUCOM and MARCOS methods. A sensitivity analysis is also performed in order to check reliability and accuracy of the results. The findings of this research clearly show that the proposed decision-making model can significantly contribute to all spheres of business applications.

Determinanten der Standortattraktivität Deutschlands für die Ernährungswirtschaft – Ergebnisse einer Expertenbefragung

2020 ◽  
Vol 69 (1) ◽  
pp. 19-30
Author(s):  
Julia Höhler ◽  
Svenja Mohr ◽  
Anne Piper
Keyword(s):  
Structural Equation ◽  
Food Industry ◽  
Public Perception ◽  
Equation Model ◽  
Location Factors ◽  
The Public ◽  
Decision Making Problem ◽  
Complex Decision Making ◽  
Survey Results ◽  
Complex Decision

Die Standortwahl stellt ein komplexes Entscheidungsproblem dar. Besonders in der Ernährungswirtschaft spielen dabei neben den bekannten Standortfaktoren auch zunehmend weitere Faktoren, wie die Wahrnehmung der Branche in der Öffentlichkeit, eine Rolle. Im Rahmen einer Expertenbefragung wurden 70 Experten aus vier Bereichen der Ernährungswirtschaft um ihre Einschätzung zu verschiedenen Standortfaktoren gebeten. Die Befragungsergebnisse wurden in einem Strukturgleichungsmodell genutzt, um die Relevanz der verschiedenen Einflussfaktoren für die wahrgenommene Standortattraktivität zu bestimmen. Die Wahrnehmung (in) der Öffentlichkeit erweist sich dabei als besonders bedeutsame Determinante. The choice of location is a complex decision-making problem. Particularly in the food industry, other factors, such as the public perception of the sector, are playing an increasingly important role in addition to the known location factors. As part of an expert survey, 70 experts from four areas of the food industry were asked to assess various location factors. The survey results were used in a structural equation model to determine the relevance of the various influencing factors for the perceived attractiveness of the location. The perception of (or in) the public proves to be a particularly important determinant.

Health Information Technology Spending on the Rise

2018 ◽  
pp. 1-14
Author(s):  
Jinhyung Lee ◽  
Hansil Choi
Keyword(s):  
Information Technology ◽  
Health Information Technology ◽  
Health Information ◽  
Health Planning ◽  
Teaching Hospitals ◽  
Health It ◽  
Factors Affecting ◽  
For Profit ◽  
Not For Profit ◽  
Level Data

In this chapter, the authors track health information technology by examining the factors affecting health information technology (IT) expenditure. The authors employed hospital- and patient-level data of the Office of Statewide Health Planning and Development (OSHPD) from 2000 to 2006. The generalized linear model (GLM) was employed with log link and normal distribution and controlled for clustering error. The authors found that not-for-profit and government hospitals, teaching hospitals, competition, and health IT expenditure of neighborhood hospitals were positively associated with health IT expenditure. However, rural hospitals were negatively associated with health IT expenditure. Moreover, the authors found that mean annual health IT expenditure was approximately $7.4 million from 2000-2006. However, it jumped 204% to $15.1 million from 2008-2014.

scholarly journals An Integrative Conceptual Framework for Sustainable Successions in Family Businesses: The Case of Taiwan

2018 ◽  
Vol 10 (10) ◽  
pp. 3656 ◽  
Author(s):  
Jau Liu
Keyword(s):  
Family Business ◽  
Business Models ◽  
Family Relationship ◽  
Family Businesses ◽  
Factors Affecting ◽  
Complex Decision Making ◽  
Complex Decision ◽  
Business Succession ◽  
Relationship Of ◽  
Succession In Family Business

Family businesses have long been one of the mainstream business models in developing countries. The smooth succession of control in family businesses is the key to their sustainable development. However, compared with other companies, succession in family business has demonstrated unique complexity, which also affects the development of the business. The paper is based on a review of the existing literature, starting from the theory of family business succession and combining with grounded theory. After that, we conducted field interviews of experts, coding the key factors affecting succession in family businesses in Taiwan. Finally, we explored the considerations and implications of the succession for inheritance planning. The results of this study show that consideration of succession in family businesses involves a multi-dimensional and complex decision-making process. Among the key considerations, it is found that corporate characteristics, family capital and niche inheritance are the most important without consideration of whether the continuation of the business after succession will be doomed to failure. In addition, the family relationship of affection and trust and commitment between both predecessor and successor are important factors that cannot be ignored, especially in a rapidly changing competitive market environment.

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