Past Issues

Studies in Informatics and Control
Vol. 20, No. 3, 2011

MADM Models for Decision Making in Acquisitions

Dorin D. M. Banciu, Mihaela Resteanu
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.

View full article