Information concepts and pairwise comparison matrices

One of the essential activities for sustainable local economic development is continuous improvement of business environment which can be carried out through the business-friendly certification as objective benchmarking process, which is influenced by many factors - criteria that could be analyzed using multi-criteria decision-making methods. Determining criteria weights is the most important task regarding these methods for which a number of methodologies based on different approaches were developed. These methodologies could be generally divided into two groups: subjective and objective. Shortly, these methodologies quantify given preferences using knowledge of experts if they are subjective or using calculations from available data if they are objective. Methodologies from these two groups give different results in a wide range of values. Therefore, it is useful to create composite indicators using aggregation of both approaches in order to reduce the influence of their bad individual characteristics and, therefore, achieve a balanced symmetrical approach. The purpose of this paper is constructing one efficient model that solves a problem of the planning of sustainable local economic development in the Republic of Serbia. Our approach uses the aggregation of the entropy method, as one objective approach, and the analytical hierarchy process, as a subjective approach, in executing business-friendly certification process. The implementation of the proposed approach has been demonstrated as a part of a business-to-government (B2G) platform called “Multi-Criteria Support System for Analysis of the Local Economic Environment” in the City of Niš.

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“…Following Sanchez and Soyer [62], and also Shannon [63], let us assume, that C j = (a 1j , a 2j , . .…”

Section: Methods Of Entropymentioning

confidence: 99%

Use of Determination of the Importance of Criteria in Business-Friendly Certification of Cities as Sustainable Local Economic Development Planning Tool

et al. 2020

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“…In AHP, priority p i is the probability that i th criterion is preferred by decision maker (Sanchez & Soyer, 1998).…”

Section: Shannon's Entropymentioning

confidence: 99%

An integrated approach of sustainable procurement and procurement postponement for the multi-product, assemble-to-order (ATO) production system

Mukherjee

2016

Prod.

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Postponement strategy is mainly used to handle the perceived variety and actual variety of product in the most cost effective way. However, postponement strategy has never been used by researchers in procurement to reduce cost and to enhance overall flexibility of the process. This paper gives a new concept of postponement, called procurement postponement, which is considered to be effective for the multi-product, assemble-to-order (ATO) system. A two-stage integrated approach of sustainable procurement and postponement method is proposed for the multi-product ATO production system to deal demand uncertainty, green house gas (GHG) emission, reliability of supply, level of disassembly and social issues of supplier selection with intuitionsitic fuzzy analytic hierarchy (IF-AHP) and multi-objective genetic algorithm (MOGA). Case study of an Indian company is discussed to use the proposed method by cost-emission-decision matrix.

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“…Entropy‐based measures have been used in Noble and Sanchez () and Sanchez and Soyer () to quantify the information provided by judgments of a consistent decision maker. These authors focused on how to measure the information content of redundant judgments and investigated the relationship between information and degree of redundancy by using judgments in AHP.…”

Section: Introductionmentioning

confidence: 99%

Estimation of Group Priorities and Value of Information

Musal

Soyer

2013

J. Multi-Crit. Decis. Anal.

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In this paper, we present a Bayesian approach to model uncertainty about a group's priorities in a multicriteria evaluation problem and develop a methodology to quantify amount of information provided by a sample of priorities. In so doing, we discuss how the quantification of the information content can be used to decide to elicit additional priorities from the group. We illustrate the implementation of our approach and discuss additional insights that it provides using real-life data from an academic department's priority analysis.

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Information concepts and pairwise comparison matrices

Cited by 10 publications

References 5 publications

Use of Determination of the Importance of Criteria in Business-Friendly Certification of Cities as Sustainable Local Economic Development Planning Tool

Use of Determination of the Importance of Criteria in Business-Friendly Certification of Cities as Sustainable Local Economic Development Planning Tool

An integrated approach of sustainable procurement and procurement postponement for the multi-product, assemble-to-order (ATO) production system

Estimation of Group Priorities and Value of Information

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