Record Details

New group decision-making ARCAS approach based on the integration of the SWARA and the ARAS methods adapted for negotiations

Journal of Business Theory and Practice

View Archive Info
 
 
Field Value
 
Title New group decision-making ARCAS approach based on the integration of the SWARA and the ARAS methods adapted for negotiations
 
Creator Stanujkic, Dragisa
Zavadskas, Edmundas Kazimieras
Karabasevic, Darjan
Turskis, Zenonas
Keršulienė, Violeta
 
Description Groups are generally considered to be more effective as compared to single individuals. The practical implementation of Operation Research methods in group negotiations needs simple contexts and clear cause-and-effect relationships easily discernible by everyone. This paper proposes a multi-criteria group decision-making approach allowing decision makers/experts involved in a negotiation process to better express and defend their preferences in the selection of the best alternative. In the proposed approach, the most appropriate alternative is the alternative with the largest number of appearances in the first position or in ranking lists, or the one determined based on negotiations of decision makers/experts. The proposed ARCAS approach is based on the use of the ARAS method, a new normalization procedure, and the SWARA method. In the proposed approach, each decision maker/expert involved in evaluation has an opportunity to set the preferred level of rating for each criterion used in such evaluation. Finally, a case study is presented in order to highlight the proposed approach. The obtained results confirm the usability and efficiency of the proposed approach.
 
Publisher VGTU Press Technika
 
Date 2017-08-27
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://journals.vgtu.lt/index.php/JBEM/article/view/1225
10.3846/16111699.2017.1327455
 
Source Journal of Business Economics and Management; Vol 18 No 4 (2017); 599-618
2029-4433
1611-1699
 
Language eng
 
Relation https://journals.vgtu.lt/index.php/JBEM/article/view/1225/963