Asset appraisal is an important issue in any country. Interest in the appraisal field is justified by the large number of cases where the estimation of the value of the assets is needed: sales transactions, expropriations, heritage divisions, mortgages, etc. Due to the increasing economic development of the countries and to the increasing complexity of the appraisal problems, it becomes more an...

Proposed in this study is a hybrid model for supporting the vendor selection process in new task situations. First, the vendor evaluation problem is formulated by the combined use of the multi-criteria decision-making (MCDM) approach and a proposed five-step hybrid process, which incorporates the technique of an analytic network process (ANP). Then the modified TOPSIS (technique for order perfo...

Auctions are important market mechanisms for the allocation of goods and services. Auctions are preferred often to other common processes because they are open, quite fair, easiness to understand by participants, and lead to economically efficient outcomes. Design of auctions is a multidisciplinary effort made of contributions from economics, operations research, informatics, and other discipli...

Selecting the appropriate acquisition mode for a required technology, is one of the critical strategic decisions in formulating a technology strategy. Although a number of factorswere found to be influential in the choice of technology acquisitionmode, it still remains a void in the literature how tomake a strategic decision, based on a huge set of those factorswith the help of a systematic app...

Strategic decision analysis on Supply Chain Management (SCM) involves tangible and intangible factors and it needs to be evaluated by interdependent multiple criteria. Analytic Hierarchy Process (AHP) is a practical and popular decision-making tool for SCM. Interdependency among criteria becomes a source of difficulty in directly applying AHP to various SCM decision problems. Hence, the manager...

The analytic network process (ANP) is presented as a potentially valuable method to support the selection of projects in a research and development (R&D) environment. This paper first discusses the requirements of the R&D project selection problem, which requires the allocation of resources to a set of competing and often disparate project proposals. Among the factors complicating this task is ...

This paper presents an approach to the identification of an organization’s strategic management concepts (SMCs) – mission, vision, values and competences. The highly qualitative relationships among these concepts are operationalized using the Analytic Network Process (ANP). As ANP captures the outcome of dependence and feedback between components of elements, the proposed approach enables us to...

For ensuring the successful implementation of knowledge management, here raises a critical issue of how companies can better evaluate and select a favorable knowledge management strategy before that implementation. However, selecting a proper knowledge management strategy is a kind of multiple criteria decision-making (MCDM) problem required to consider a large number of complex factors. Unlike...

Article history: Received October 15, 2011 Accepted 10 March 2012 Available online 12 March 2012 The recent development of world is being adversely affected by the scarcity of power and energy. To survive in the next generation, it is thus necessary to explore the non-conventional energy sources and efficiently consume the available sources. For efficient exploitation of the existing energy sou...