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New group decision-making ARCAS approach based on the integration of the SWARA and the ARAS methods adapted for negotiations

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  • Dragisa Stanujkic
  • Edmundas Kazimieras Zavadskas
  • Darjan Karabasevic
  • Zenonas Turskis
  • Violeta Keršulienė

Abstract

Groups are generally considered to be more effective as compared to single individuals. The practical implementation of Operation Research methods in group negotiations needs simple contexts and clear cause-and-effect relationships easily discernible by everyone. This paper proposes a multi-criteria group decision-making approach allowing decision makers/experts involved in a negotiation process to better express and defend their preferences in the selection of the best alternative. In the proposed approach, the most appropriate alternative is the alternative with the largest number of appearances in the first position or in ranking lists, or the one determined based on negotiations of decision makers/experts. The proposed ARCAS approach is based on the use of the ARAS method, a new normalization procedure, and the SWARA method. In the proposed approach, each decision maker/expert involved in evaluation has an opportunity to set the preferred level of rating for each criterion used in such evaluation. Finally, a case study 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 & Edmundas Kazimieras Zavadskas & Darjan Karabasevic & Zenonas Turskis & Violeta Keršulienė, 2017. "New group decision-making ARCAS approach based on the integration of the SWARA and the ARAS methods adapted for negotiations," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 18(4), pages 599-618, July.
  • Handle: RePEc:taf:jbemgt:v:18:y:2017:i:4:p:599-618
    DOI: 10.3846/16111699.2017.1327455
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    Citations

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    Cited by:

    1. Marco Locurcio & Francesco Tajani & Pierluigi Morano & Debora Anelli & Benedetto Manganelli, 2021. "Credit Risk Management of Property Investments through Multi-Criteria Indicators," Risks, MDPI, vol. 9(6), pages 1-23, June.
    2. Dragisa Stanujkic & Darjan Karabasevic & Edmundas Kazimieras Zavadskas & Florentin Smarandache & Fausto Cavallaro, 2019. "An approach to determining customer satisfaction in traditional Serbian restaurants," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(3), pages 1127-1138, March.
    3. Xiao-Wen Qi & Jun-Ling Zhang & Shu-Ping Zhao & Chang-Yong Liang, 2017. "Tackling Complex Emergency Response Solutions Evaluation Problems in Sustainable Development by Fuzzy Group Decision Making Approaches with Considering Decision Hesitancy and Prioritization among Asse," IJERPH, MDPI, vol. 14(10), pages 1-35, October.
    4. Ioannis E. Tsolas, 2020. "Financial Performance Assessment of Construction Firms by Means of RAM-Based Composite Indicators," Mathematics, MDPI, vol. 8(8), pages 1-16, August.
    5. Seyed Morteza Hatefi & Hamideh Asadi & Gholamreza Shams & Jolanta Tamošaitienė & Zenonas Turskis, 2021. "Model for the Sustainable Material Selection by Applying Integrated Dempster-Shafer Evidence Theory and Additive Ratio Assessment (ARAS) Method," Sustainability, MDPI, vol. 13(18), pages 1-23, September.
    6. 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.
    7. Jaukovic Jocic, Kristina & Jocic, Goran & Darjan, Darjan & Popovic, Gabrijela & Stanujkic, Dragisa & Kazimieras Zavadskas, Edmundas & Nguyen, Phong Thanh, 2020. "A Novel Integrated PIPRECIA–Interval-Valued Triangular Fuzzy ARAS Model: E-Learning Course Selection," MPRA Paper 112009, University Library of Munich, Germany, revised 01 Jun 2020.

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