MADM Models for Decision Making in Acquisitions

Dorin D. M. BANCIU¹, Mihaela RESTEANU²
¹ROMATSA
10, Ion Ionescu de la Brad Blvd., 013813, Bucharest, Romania
²PIRAEUS BANK
63A, Nicolae Caranfil, 014146, Bucharest, Romania

Abstract: In this paper some methodological aspects of taking decisions and the MADM model are brought to the reader’s attention. The model is described in detail and its solving will refer to the Onicescu method. The application developed by the authors is an example of optimal products, services, and works acquisition. The optimization makes use of OPTCHOICE – pervasive software for MADM modeling and optimal choice problems solving.

Keywords: Decision Making, Multiple Attribute Decision Making, Assessment and Optimization, Acquisitions, Ruttier Transport.

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CITE THIS PAPER AS:
Dorin D. M. BANCIU, Mihaela RESTEANU, MADM Models for Decision Making in Acquisitions, Studies in Informatics and Control, ISSN 1220-1766, vol. 20(3), pp. 313-324, 2011. https://doi.org/10.24846/v20i3y201112