Open AccessREASONING OF BUSINESS STRATEGIC DECISIONS SELECTION
Author(s) -
Juozas Bivainis,
Virgilija Zinkevičiūtė
Publication year - 2006
Publication title -
technological and economic development of economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.634
H-Index - 47
eISSN - 2029-4921
pISSN - 2029-4913
DOI - 10.3846/13928619.2006.9637729
Subject(s) - computer science , selection (genetic algorithm) , task (project management) , set (abstract data type) , order (exchange) , variety (cybernetics) , management science , process management , risk analysis (engineering) , operations research , artificial intelligence , systems engineering , business , mathematics , engineering , finance , programming language
This article analyzes reasoning of strategic business decisions selection. In order to accomplish the task the synthesis of two methods is offered – scenario and multicriteria evaluation of strategic decisions. The base of multicriteria evaluation of strategic decisions is set onto the tree‐level criteria system (primary, partially integrated and complex‐integrated criteria). Relatives weights of the primary and partially integrated criteria is taken in to account in the calculation of a complex‐integrated criterion impact. Also the methodical usage of guidelines of scenario and multcriteria evaluation method synthesis as well as verification of its results through an experiment are presented in the article. The following advantages are typical for the synthesis of these two methods:decisions evaluation is accurate, complex and performed accordingly to environmental variety;the decisions are being evaluated while using a broad criteria system which leaves an opportunity to fully judge the suitability of certain decisions to the business subject;detailed evaluation results support strategic decisions making based on acceptable level the risk, environmental clauses and results of complex evaluation;evaluation becomes understandable, clear and visual to all within the business subject.