scholarly journals Methods Used in Selecting Location in Hotel Investment Projects

2021 ◽  
Vol 3 (1) ◽  
pp. 20-29
Author(s):  
Halil Akmeşe ◽  
Fatma Rezzan Çelikmıh
Keyword(s):  
Decision Making ◽  
Facility Location ◽  
Investment Decisions ◽  
Complex Data ◽  
Multi Criteria Decision Making ◽  
Investment Projects ◽  
Qualitative And Quantitative ◽  
Complex Process ◽  
Hotel Investment

Projects in accommodation enterprises need to be planned very attentively. A great number of criteria used in selecting facility location contradict each other in some cases. Such criteria must be used in a significant way, due to the fact that difficulties can be encountered in making decisions in this complex process. "Multi-Criteria Decision Making" (MCDM) methods have been developed to help individuals, businesses, and institutions to make investment decisions and to decide more accurate and profitable investments. AHP, TOPSIS, VIKOR, PHOMETHEE, ELECTRE are some of these methods. Via these methods developed, investment decisions are made by evaluating complex data with many alternatives objectively. This may lead to more accurate investment decisions made by entrepreneurs. With this study, we have dwelled on the methods used by investors in location as well as MCDM methods, which will bring about solutions to qualitative and quantitative problems, which need to be measured and discussed in details.  

Preparation of Sub-Criteria for Mathematical Modeling of Multi-Criteria Decision Making

2014 ◽  
Vol 1020 ◽  
pp. 765-768
Author(s):  
Eva Berankova ◽  
František Kuda ◽  
Stanislav Endel
Keyword(s):  
Decision Making ◽  
Public Service ◽  
Input Data ◽  
Decision Making Process ◽  
Multi Criteria Decision Making ◽  
Individual Selection ◽  
Qualitative And Quantitative ◽  
Data Analyses ◽  
Quantitative Characters ◽  
The Subject

The subject of this paper is to evaluate criteria in the decision-making process for choosing new usable office facilities in light of a big company or public service seeking for new usable office facilities. The criteria defining the requirements for individual selection variants enter into this decision-making process. These criteria have qualitative and quantitative characters. In order to model the criteria, it is desirable that their values are standardized. The method of standardization of these criteria is given in this paper. In this paper, attention is paid to the decision-making process in the course of choosing new usable facilities in administration objects. This decision-making process is based on input data analyses and on conclusions for a certain selection variant resulting from them.

scholarly journals The Evaluation of the Contractor’s Risk in Implementing the Investment Projects in Construction by Using the Verbal Analysis Methods

2019 ◽  
Vol 11 (9) ◽  
pp. 2660 ◽  
Author(s):  
Galina Shevchenko ◽  
Leonas Ustinovichius ◽  
Dariusz Walasek
Keyword(s):  
Decision Making ◽  
Influencing Factors ◽  
Investment Decision ◽  
Investment Projects ◽  
Qualitative And Quantitative ◽  
Construction Companies ◽  
Analysis Methods ◽  
Investment Decision Making ◽  
Verbal Analysis ◽  
Potential Profit

The growth of the company’s investment potential is closely associated with the evaluation of the attendant risks of the process, various influencing factors, and the expected results. Therefore, the analysis of a number of qualitative and quantitative criteria of the projects and risks, as well as the potential profit-making opportunities in the investment decision making is required. This paper analyzes a decision-making strategy based on qualitative estimates obtained by investigating the risks posed, the management methods used, and the application of the proposed methods for assessing the contractor’s risk in construction companies.

scholarly journals VERBAL ANALYSIS AND ITS APPLICATION FOR THE ASSESSMENT AND MANAGEMENT OF THE INVESTMENT PROJECT RISK IN CONSTRUCTION

2016 ◽  
Author(s):  
Galina Shevchenko ◽  
Leonas Ustinovichius
Keyword(s):  
Risk Assessment ◽  
Decision Making ◽  
Investment Decision ◽  
Investment Decisions ◽  
Investment Project ◽  
Project Risk ◽  
Investment Projects ◽  
Investment Decision Making ◽  
Investment Process ◽  
Verbal Analysis

The paper investigates the investment decision–making, risk assessment and management problems faced by all participants of the investment process in construction. The main object of paper – risk of investment projects in construction. Companies often have to make investment decisions under uncertainty and therefore the study emphasizes the need, for carryng out investigations, developing metodology and intelectual decision making system that would holistically assess the whole available information to the investment project, increase the accuracy of risk assessment, improve project information management, reduce project risk factors for the occurrence of potential and would make informed investment decisions. The created and described verbal analysis method of the real alternatyve classification was integrated into the proposed model and implemented in practice.

scholarly journals Optimization of Decision-Making in Port Logistics Terminals: Using Analytic Hierarchy Process for the Case of Port of Thessaloniki

2014 ◽  
Vol 15 (4) ◽  
pp. 255-268 ◽  
Author(s):  
Michael Gogas ◽  
Konstantinos Papoutsis ◽  
Eftihia Nathanail
Keyword(s):  
Decision Making ◽  
Decision Models ◽  
Analytic Hierarchy ◽  
Investment Projects ◽  
Complex Process ◽  
Wide Range ◽  
Decision Making Processes ◽  
Private Management ◽  
Decision Making Model ◽  
Hierarchy Process

Abstract The management models pursued in logistics terminals determine their performance to a great extent. Terminals managed by public actors usually incorporate more social criteria into their decision-making processes. In addition, private management focuses on economic viability of the initiative. Decision-making is a complex process regardless the structure of management or the decision models useddue to the fact that a wide range of diverse criteria are embedded into this process. The objective of this paper it to determine a prioritization of a set of alternative options for investment projects which were suggested by port executives taking into account criteria and evaluation that have already validated by them. In order to perform the analysis a multi-criteria decision-making model was used: the Analytic Hierachy Process. The outcomes support a low-biased and efficient strategic planning through a balanced decision-making framework.

E-Retailing from Past to Future

2017 ◽  
pp. 244-257
Author(s):  
Zehra Kamisli Ozturk ◽  
Mehmet Alegoz
Keyword(s):  
Decision Making ◽  
Second Phase ◽  
Multi Criteria Decision Making ◽  
Related Literature ◽  
Qualitative And Quantitative ◽  
Advantages And Disadvantages ◽  
Multi Phase ◽  
Future Work

In this chapter, first, the definition, the advantages and disadvantages of e-retailing are given and the related literature about e-retailing is briefly explained in order to give a background to unfamiliar readers. Then, the qualitative and quantitative criteria which affect the e-retailer selection are determined and some e-retailers are evaluated by using a multi-phase, integrated Multi Criteria Decision Making (MCDM) approach. In first phase of proposed MCDM approach, the weight of each criterion is determined. In second phase, a pre-evaluation is made and some of the e-retailers are eliminated. In last phase, the remaining retailers are evaluated and the best one is determined. Finally, the study is concluded by discussions, inferences and recommendations for future work.

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