Analysis of Production and Location Decisions by Means of Multi-Criteria Analysis
During the last few years economists and operations researchers have paid much attention to multi-criteria analysis as a tool in modern decision-making. The basic feature of multi-criteria analysis is the fact that a wide variety of relevant decision aspects can be taken into account without a necessity to translate all these aspects in monetary terms. This article will give a brief survey of these new methods in both a quantitative and in a qualitative sense. After this survey the relevance of multi-criteria analysis for entrepreneurial decisions in the field of production and investments will be exposed. The analysis will be illustrated by means of two examples of entrepreneurial decision-problems, which have been solved by means of multi-criteria analysis.
|Keywords||multicriteria analysis, multiple objective decision aking|
|Persistent URL||dx.doi.org/10.1016/0377-841X(79)90041-X, hdl.handle.net/1765/6083|
Nijkamp, P., & Spronk, J.. (1979). Analysis of Production and Location Decisions by Means of Multi-Criteria Analysis. Engineering and Process Economics, 285–302. doi:10.1016/0377-841X(79)90041-X