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Social Choice and Multicriterion Decision-Making: Decision Modeling Career of Students in Secondary Education Using Multicriteria Analysis

In: Economic and Financial Challenges for Eastern Europe

Author

Listed:
  • Ioannis Dimitrakopoulos

    (Technological Educational Institute of Epirus)

  • Kostas Karamanis

    (Technological Educational Institute of Epirus)

Abstract

The aim of this paper is to offer an applicable evaluation framework relating to the right choice of one’s profession via his/her studies. The first part of the paper consists of the basic principles of multicriteria decision-making. To begin with, the paper initially focuses on the MACBETH method. This helps to provide a perspective for procedural types of decisions in which various qualitative and quantitative aspects are incorporated. In the second part of the paper, the abovementioned multicriteria method is applied to a “real-world” case concerning a specific case of a student, Eva. For this specific study, it is concluded that the factors of greatest importance that lead to choosing the university Eva finally chose were four: the cost of undergraduate studies, the reputation-status of the university, its logistics and infrastructure, and its interconnections with other universities and other academic institutions.

Suggested Citation

  • Ioannis Dimitrakopoulos & Kostas Karamanis, 2019. "Social Choice and Multicriterion Decision-Making: Decision Modeling Career of Students in Secondary Education Using Multicriteria Analysis," Springer Proceedings in Business and Economics, in: Nicos Sykianakis & Persefoni Polychronidou & Anastasios Karasavvoglou (ed.), Economic and Financial Challenges for Eastern Europe, pages 125-148, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-12169-3_9
    DOI: 10.1007/978-3-030-12169-3_9
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