URI | http://purl.tuc.gr/dl/dias/B042ACC2-DB60-415C-9F83-A8014A91BF88 | - |
Αναγνωριστικό | https://doi.org/10.1016/j.seps.2022.101391 | - |
Αναγνωριστικό | https://www.sciencedirect.com/science/article/pii/S0038012122001860 | - |
Γλώσσα | en | - |
Μέγεθος | 13 pages | en |
Τίτλος | Incorporating the status quo effect into the decision making process: the case of municipal companies merger | en |
Δημιουργός | Kubińska, Elżbieta | en |
Δημιουργός | Adamczyk-Kowalczuk, Magdalena | en |
Δημιουργός | Andrzejewski Mariusz | en |
Δημιουργός | Rozakis Stylianos | en |
Δημιουργός | Ροζακης Στυλιανος | el |
Εκδότης | Elsevier | en |
Περίληψη | Decision-making for cooperation between municipal entities involves elected members serving public interest who argue in both quantitative (e.g. financial performance), and qualitative (e.g. social acceptance) grounds. Policy support should consider conflicting objectives in a context of uncertainty and imprecision as well as in presence of organizational lock-ins that tend to favor incumbent arrangements. In search of appropriate algorithm to support decision making in such cases we opted for the PROMETHEE outranking method integrating novel findings of behavioral theory. Thus its preference functions are specified so that they reflect bounded rationality that shapes risk attitudes of decision makers within the uncertain environment of public management. Moreover alternative weighting procedures have been applied for group decisions. The prospect theory multi-criteria methodology, termed PT-PROMETHEE is implemented relating proposed options to observed behavior providing useful insights especially regarding status quo options also allowing for sensitivity analysis. Thus acceptance of MCDM support by the stakeholders is enhanced leading to solid compromise institutional arrangements. | en |
Τύπος | Peer-Reviewed Journal Publication | en |
Τύπος | Δημοσίευση σε Περιοδικό με Κριτές | el |
Άδεια Χρήσης | http://creativecommons.org/licenses/by-nc-nd/4.0/ | en |
Ημερομηνία | 2024-01-03 | - |
Ημερομηνία Δημοσίευσης | 2022 | - |
Θεματική Κατηγορία | Municipal companies | en |
Θεματική Κατηγορία | Mergers and acquisitions | en |
Θεματική Κατηγορία | Multi-criteria decision analysis | en |
Θεματική Κατηγορία | PROMETHEE | en |
Θεματική Κατηγορία | Prospect theory | en |
Βιβλιογραφική Αναφορά | E. Kubińska, M. Adamczyk-Kowalczuk, M. Andrzejewski, and S. Rozakis, “Incorporating the status quo effect into the decision making process: the case of municipal companies merger,” Socio-Econ. Plan. Sci., vol. 84, Dec. 2022, doi: 10.1016/j.seps.2022.101391. | en |