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A New Approach for Selecting Alternatives Based on the Adapted Weighted Sum and the SWARA Methods: A Case of Personnel Selection

Author

Listed:
  • Dragisa STANUJKIC
  • Darjan KARABASEVIC

    (Faculty of Applied Management, Economics and Finance; University Business Academy in Novi Sad, Serbia)

  • Edmundas Kazimieras ZAVADSKAS

    (Research Institute of Smart Building Technologies, Civil Engineering Faculty Vilnius Gediminas Technical University, Vilnius, Lithuania)

Abstract

In this manuscript, a multiple criteria decision-making approach adapted for collaborative decision-making and negotiation, based on the use of the adapted Weighted Sum and SWARA methods, is proposed. Contrary to the commonly used approaches, in this approach, every decision-maker involved in evaluation useshis/her own weights of criteria and determines the ranking order of the evaluated alternatives. Therefore, the final selection of the most appropriate alternative is made on the basis of negotiation in this approach. Finally, at the end of the paper, an empirical illustration is presented in order to highlight the proposed approach. The obtained results confirm the usability and efficiency of the proposed approach.

Suggested Citation

  • Dragisa STANUJKIC & Darjan KARABASEVIC & Edmundas Kazimieras ZAVADSKAS, 2017. "A New Approach for Selecting Alternatives Based on the Adapted Weighted Sum and the SWARA Methods: A Case of Personnel Selection," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 51(3), pages 39-56.
    • Handle: RePEc:cys:ecocyb:v:50:y:2017:i:3:p:39-56
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    References listed on IDEAS

    as
    1. Rajagopal, 2014. "The Human Factors," Palgrave Macmillan Books, in: Architecting Enterprise, chapter 9, pages 225-249, Palgrave Macmillan.
    2. Sarfaraz Hashemkhani Zolfani & Reza Maknoon & Edmundas Kazimieras Zavadskas, 2015. "Multiple nash equilibriums and evaluation of strategies. New application of MCDM methods," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 16(2), pages 290-306, April.
    3. C. West Churchman & Russell L. Ackoff, 1954. "An Approximate Measure of Value," Operations Research, INFORMS, vol. 2(2), pages 172-187, May.
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    Citations

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    Cited by:

    1. Alptekin Ulutaş & Darjan Karabasevic & Gabrijela Popovic & Dragisa Stanujkic & Phong Thanh Nguyen & Çağatay Karaköy, 2020. "Development of a Novel Integrated CCSD-ITARA-MARCOS Decision-Making Approach for Stackers Selection in a Logistics System," Mathematics, MDPI, vol. 8(10), pages 1-15, October.
    2. Alptekin Ulutaş & Gabrijela Popovic & Dragisa Stanujkic & Darjan Karabasevic & Edmundas Kazimieras Zavadskas & Zenonas Turskis, 2020. "A New Hybrid MCDM Model for Personnel Selection Based on a Novel Grey PIPRECIA and Grey OCRA Methods," Mathematics, MDPI, vol. 8(10), pages 1-14, October.
    3. Arunodaya Raj Mishra & Pratibha Rani & Kiran Pandey & Abbas Mardani & Justas Streimikis & Dalia Streimikiene & Melfi Alrasheedi, 2020. "Novel Multi-Criteria Intuitionistic Fuzzy SWARA–COPRAS Approach for Sustainability Evaluation of the Bioenergy Production Process," Sustainability, MDPI, vol. 12(10), pages 1-16, May.
    4. Popovic, Gabrijela & Stanujkic, Dragisa & Brzakovic, Miodrag & Karabasevic, Darjan, 2019. "A multiple-criteria decision-making model for the selection of a hotel location," Land Use Policy, Elsevier, vol. 84(C), pages 49-58.

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    More about this item

    Keywords

    decision making; negotiation; weighted sum method; WS PLP; SWARA.;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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