Project management by multimoora as an instrument for transition economies

By Willem Karel M. Brauers, Edmundas Kazimieras Zavadskas. 2010

682 citations recorded by the source corpus.

Abstract The countries of Central and Eastern Europe moved from a previously centrally planned economy to a modern transition economy with strong market aspects. This paper proposes project management as an answer to this transition. Traditional Cost‐Benefit analysis does not respond to this purpose. Indeed Cost‐Benefit analysis is only interested in one specific project and not in a competition between projects. In addition all goals (objectives) have to be translated into money terms, leading sometimes to immoral consequences. On the contrary Multi‐Objective Optimization takes care of different objectives, whereas the objectives keep their own units. However different methods exist for the application of Multi‐Objective Optimization. The authors tested them after their robustness resulting in seven necessary conditions. MOORA (Multi‐Objective Optimization by Ratio analysis) and MULTIMOORA (MOORA plus Full Multiplicative Form), assisted by Ameliorated Nominal Group and Delphi Techniques, satisfy the seve...

Subfields: Economics and Econometrics, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/8117b8735410cd05dfb1ca9bf68cdccfe781f486

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Citations in the corpus

An objective multi-criteria approach to optimization using MOORA method and interval grey numbers (2012, methodology): “The use of the MOORA method in the economy is proposed by Brauers and Zavadskas (2010, 2008) and Brauers and Ginevicius (2010, 2009).”
Multiple criteria decision-making techniques and their applications – a review of the literature from 2000 to 2014 (2015, neutral): “In this review article, to identify the scholarly articles related to DM methods in the database, we have searched using several keywords, they were: MCDM, DM, AHP, COPRAS, TOPSIS, VIKOR, ELECTRE, MULTIMOORA, DEMATEL, SWARA, ANP, MOORA, PROMETHEE, WASPAS, SAW, FDM, ARAS, Entropy, Hybrid MCDM, and so”
Multimoora for the EU member states updated with fuzzy number theory (2011, methodology): “Brauers and Zavadskas (2010) proposed MOORA to be updated by the Full Multiplicative Form method embodying maximization as well as minimization of purely multiplicative utility function.”
An Overview of Multi-Criteria Decision-Making Methods in Dealing with Sustainable Energy Development Issues (2018, methodology): “After content analysis, all the selected papers were categorized into 10 fields by the used method: Analytic Hierarchy Process (AHP) [4], Analytic Network Process (ANP) [5]; Fuzzy Set Theory (Fuzzy Sets) [6]; Technique for Order Preference by Similarity to Ideal Solutions (TOPSIS) [7]; Weighted Aggr”
Multiple criteria decision making (MCDM) methods in economics: an overview (2011, methodology): “Ivanov and Stanujkić (2010) Software selection Brauers and Ginevičius (2010) The economy of the Belgian regions is tested with MULTIMOORA García Alcaráz et al. (2010) Evaluation of feasible alternatives and selection problem Chakraborty (2011) Applications of the method in manufacturing environment ”
A systematic review and meta-Analysis of SWARA and WASPAS methods: Theory and applications with recent fuzzy developments (2017, methodology): “The relatively recently developed MCDM methods, such as COPRAS [23, 128, 129], ARAS [129-131], MOORA [132], MULTIMOORA [41], SWARA [66] and WASPAS [133] are being rapidly developed and applied to solve real life problems.”
Probabilistic Linguistic MULTIMOORA: A Multicriteria Decision Making Method Based on the Probabilistic Linguistic Expectation Function and the Improved Borda Rule (2018, methodology): “Due to its characters, the MULTIMOORA methodologies have been widely applied in many fields, including engineering decision support [23], [25], managerial economics and performance management [26], [29], [33], and productivity analysis [36].”
Selection of rational dispute resolution method by applying new step‐wise weight assessment ratio analysis (Swara) (2010, background): “One of the simplest approaches is based on the principle: the utility function of alternative is calculated according to the ratio product of maximising attributes values to the product of minimising attributes values (similar like MULTI MOORA, Brauers and Zavadskas 2010).”
Fuzzy multiple criteria decision-making techniques and applications - Two decades review from 1994 to 2014 (2015, methodology): “…VIKOR (Opricovic & Tzeng, 2004), COPRAS (E. Zavadskas, Kaklauskas, & Sarka, 1994), MOORA (Brauers & Zavadskas, 2006), COPRAS-G, ARAS-F, ARAS-G and MULTIMOORA (Brauers & Zavadskas, 2010; Turskis & Zavadskas, 2010b; Zavadskas & Turskis, 2008), ARAS (Turskis & Zavadskas, 2010a; Ronald R Yager, 1994a).”
Double hierarchy hesitant fuzzy linguistic term set and MULTIMOORA method: A case of study to evaluate the implementation status of haze controlling measures (2017, methodology): “Amounts of MULTIMOORA methods [29–41] have been developed with different types of decision making information and have been implemented to different ﬁelds.”