A multiple stakeholders' approach to strategic selection decisions

A multiple stakeholders' approach to strategic selection decisions

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Article ID: iaor20091313
Country: Netherlands
Volume: 54
Issue: 4
Start Page Number: 851
End Page Number: 865
Publication Date: May 2008
Journal: Computers & Industrial Engineering
Authors: , ,
Keywords: analytic hierarchy process
Abstract:

This paper presents a decision support methodology for strategic selection decisions, in which a single choice has to be made between a number of alternatives in the presence of multiple stake-holders. The methodology uses a combination of Analytic Hierarchy Process (AHP) and Zero–One Goal Programming (ZOGP) to address not only the selection problem from the point of view of an individual stakeholder but also from that of multiple stakeholders, by aggregating different outcomes obtained by the stakeholders. The methodology then can simultaneously account for: minimisation of undesirable intangible and tangible criteria; resource limitations and goal constraints; the view of more than one stakeholder; and it can suggest a single, aggregated, go or no-go decision.

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