A Sensitivity Analysis Approach for Some Deterministic Multi‐Criteria Decision‐Making Methods*

Triantaphyllou, Evangelos; Sánchez, Alfonso Vargas

doi:10.1111/j.1540-5915.1997.tb01306.x

Cited by 433 publications

(313 citation statements)

References 27 publications

(14 reference statements)

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“…We therefore analyze the behavior of our decision model regarding sustainability decisions in detail by performing a sensitivity analysis. This is a common method from decision-making theory and aims on examining how sensitive a model's results are to changes in the input variables (Kim et al 2009;Pannell 1997;Saltelli et al 2008;Triantaphyllou and Sánchez 1997).…”

Section: Analysis Of the Decision Model Behavior Conducting A Sensitimentioning

confidence: 99%

Business transformation towards sustainability

Müller

Pfleger

2014

Bus Res

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Sustainability is becoming increasingly important in today's corporate world and can contribute to the current and future success of organizations. Integrating ecological, social, and economic objectives into corporate decisions is a key success factor for transformation towards sustainability. As sustainability is not achieved by single actions, but rather is an on-going process, decision-makers must have means to analyze the current state of an organization. For this, we first illustrate how companies can structure the field of action for the transformation towards sustainability. Furthermore, we propose a decision model to determine how sustainability actions should be implemented in accordance with the paradigm of value-based management, i.e., considering their economic effects. We illustrate the application of the approach using the example of a German medium-sized company.Executive summary Recently, organizations have recognized sustainability as an emerging mega-trend and as an increasingly important strategic goal. Its integration into the business model can be a key success factor, but also a challenge that requires a systematic approach. In order to comprehensively steer corporate sustainability, with the aim of minimizing negative externalities while maximizing positive effects, companies first need to structure their processes to achieve transparency on where sustainability actions can be incorporated. By furthermore considering the three dimensions of sustainability, possible starting points for sustainability actions can be identified. These two perspectives are complemented by adapting the basic idea of stages of development and maturity to sustainability context, as a way to capture the progress of sustainability actions within each corporate activity. The resulting ''Sustainability Maturity Cube'' serves as a blueprint, i.e., a first generic approach, of how an organization can structure 123Business Research (2014) 7:313-350 DOI 10.1007 the field of action for the transformation towards sustainability. Considering the paradigm of value-based management in business context, economic effects of the transformation towards sustainability have to be regarded. We therefore, also propose a decision model, which allows aligning ecological, social and economic objectives in order to draw economically useful conclusions by determining the optimal increase of the sustainability maturity level. To evaluate whether our approach proves useful for subject matter experts who are involved in sustainability decisions, we provide a first example of how a specific company can transform towards sustainability.

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Section: Analysis Of the Decision Model Behavior Conducting A Sensitimentioning

confidence: 99%

Business transformation towards sustainability

Müller

Pfleger

2014

Bus Res

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“…Bunlara göreceli önem değerleri verildiği için, yöntemde bilginin olduğu kadar tecrübenin de büyük önemi vardır. Kullanılan kriterler nitel ve nicel olabilmektedir [2]- [5].…”

Section: Introductionunclassified

Determining Settlement Suitability by Geographic Information Systems and Analytical Hierarchy Process

Akyol¹,

Alkan²,

Akgündüz³

2015

Pamukkale J Eng Sci

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“…only dollars, or only seconds etc.) [13]. Concern over the use of weights that were not validated was mitigated by approaching the problem with AHP.…”

Section: Feasibility Studymentioning

confidence: 99%

“…Determining validated weights using AHP can be difficult. Consequently, the possibility exists that AHP does not truly representing the numerical "winner" [13,18]. As part of the AHP Method, a sensitivity analysis was performed.…”

Section: Identification Of Criteriamentioning

confidence: 99%

7.1.3 System Engineering Applied to Concept Design Optimization of Subsea Coolers

Bye¹,

Piciaccia²,

AS³

2014

INCOSE International Symp

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Abstract. Subsea equipment must continuously evolve to meet the challenging conditions of the deep underwater environments. The optimization of coolers is a continuous process needed to remain competitive in this technology domain. This paper reports on the results of a project to study concept design optimization for the anti-surge cooler intended for a subsea compression station. The project followed the Aker Solutions project execution model, which begins with the creation of a concept of operations used to establish measures of performance, in addition to a valid requirements capture. The systems approach ensured that stakeholder needs were met, while identifying and refining parameters for the design. The refinement process, which resulted in a handful of design concepts, was evaluated through application of the AHP (Analytical Hierarchy Process) Decision Modeling Tool. Through this tool, the researcher arrived to a design concept recommendation, validated by stakeholders and sensitivity analysis.

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A Sensitivity Analysis Approach for Some Deterministic Multi‐Criteria Decision‐Making Methods*

Cited by 433 publications

References 27 publications

Business transformation towards sustainability

Business transformation towards sustainability

Determining Settlement Suitability by Geographic Information Systems and Analytical Hierarchy Process

7.1.3 System Engineering Applied to Concept Design Optimization of Subsea Coolers

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