Authors: Jerzy Michnik
Addresses: Sub-Department of Systems Modeling, Department of Operations Research, University of Economics in Katowice, 1 Maja 50, 40-287 Katowice, Poland
Abstract: The paper presents a comprehensive method for supporting important decisions with long-term consequences for an organisation. The proposed approach combines multiple weighted influence nonlinear gauge system (WINGS) networks into a single model comprising a broad analysis of benefits, opportunities, costs and risks (BOCR). Practicality of the presented solution is demonstrated with the illustrative example of selecting innovation projects.
Keywords: BOCR analysis; innovation projects selection; multiple criteria decision analysis; MCDA; multiple networks; risk analysis; system modelling; weighted influence nonlinear gauge system; WINGS.
International Journal of Applied Management Science, 2018 Vol.10 No.2, pp.105 - 126
Received: 22 Sep 2016
Accepted: 05 May 2017
Published online: 22 May 2018 *