Multi-Criteria Decision Analysis and Support Systems
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Item An Integrated Framework for The Value Focused Thinking Methodology(2018-01-03) Osei-Bryson, Kweku-MuataIn this paper we presented an integrated framework for the Value Focused Thinking (VFT) methodology that attempts to address issues that have not been adequately addressed. This framework provides several benefits including: the elicitation and high quality definition of objectives that incorporates organizational-oriented & domain- oriented concerns and knowledge, and the automatic generation of the alternate solutions that best satisfy the objectives, constraints and preference values. The proposed framework could contribute to a more effective application of the VFT methodologyItem Decision Making in Crowdfunding Under Risk Analysis(2018-01-03) Chen, Jun; Chen, Long; Qian, Chen; Xie, KefanCrowdfunding is an emerging international financial activity often performed via internet mediated platform. With the rapid growth of this financial system, rising risks would influence participant’s decision making. In this study, we examine the process of a typical crowdfunding activity, pre-ordering pledging as well as its coming risks. Based on the analysis, we combine Evolutionary Stable Strategy (ESS) and General Bass Model (GBM) to build decision-making models for pre-ordering pledging theoretically where risk factors are taken into account. Finally, evolutionary game simulation system is built to simulate the dynamic decision-making behavior in a risk changing environments. The simulation results demonstrate that the currency exchange rate give great impact on international participant’s decision-making behavior in crowdfunding. Low exchange rate brings less investment decision from the investor and high exchange rate leads to overheated investment which challenges funder’s diligence. Project system risk may infest the participant’s decisions-making process and cause ambiguity at the end. Limitation and managerial suggestions are discussed.Item Introduction to the Minitrack on Multi-Criteria Decision Analysis and Support Systems(2018-01-03) Chin, Amita Goyal; Sarin, Rakesh; Weistroffer, Heinz Roland