--A simple, eclectic approach for solving discrete alternative multiple criteria decision problems is presented. It is based on the concept of the level of aspiration, and draws on ideas of various researchers. It assumes that the user has a set of alternatives with each alternative having a score on each of a number of objectives or measures of performance. The user determines his levels of as...

Original scientific paper In the present conditions of market globalization and thus increased market competition, the purchasing department and management structure of the company, in addition to answering questions what, how many and when to buy at what price, has also to be answered the question about an appropriate supplier. Supplier selection as well as the efficient inventory control can ...

Multiple Criteria Decision Making (MCDM) is firmly rooted in an alternative concept of optimality where multiple (rather than single) criteria characterize the notion of “the best” (or optimal), as is prevalent in the areas of economics, engineering, management and business. These are often constrained problems where search for an optimal solution requires some form of evaluating criteria perfo...