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Decision-making under environmental uncertainty

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  • Gawlik, Remigiusz

Abstract

Goal of the paper: proposal of a model for decision-making enhancement that includes qualitative and quantitative elements influencing managerial decision-making processes under geopolitical uncertainty. Methods: primary: Analytic Hierarchy Process – for assessment of individual and collective utility of indexes describing the functioning of enterprises; secondary: Delphi questionnaires, Pareto-Lorenz diagram, stratified random sampling; AHP evaluations came from six professional managers Results: a mixed qualitative and quantitative instrument bringing geopolitical occurrences into managerial decision-making under turbulent environmental conditions; Practical implications: increased efficiency of managerial decision-making processes, with managerial decisions closer to the possible optimum, under given environmental conditions. Added value: the application of multicriteria models for enhancement of managerial decision-making provides a larger perspective on environmental threats and lowers the decision-making uncertainty.

Suggested Citation

  • Gawlik, Remigiusz, 2018. "Decision-making under environmental uncertainty," MPRA Paper 93361, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:93361
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    References listed on IDEAS

    as
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    5. Gawlik, Remigiusz, 2016. "Methodological Aspects of Qualitative-Quantitative Analysis of Decision-Making Processes," MPRA Paper 72362, University Library of Munich, Germany.
    6. Bartłomiej Marona & Anna Wilk, 2016. "Tenant mix structure in shopping centres: some empirical analyses from Poland," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 4(2), pages 51-65.
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    Keywords

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    JEL classification:

    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • F00 - International Economics - - General - - - General

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