DECISION MAKING IN COMPLEX DECENTRALIZED BUSINESS SYSTEMS BY MULTI-LEVEL MULTI-OBJECTIVE LINEAR PROGRAMMING METHODS

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Bibliographic Details
Title: DECISION MAKING IN COMPLEX DECENTRALIZED BUSINESS SYSTEMS BY MULTI-LEVEL MULTI-OBJECTIVE LINEAR PROGRAMMING METHODS
Authors: Perić, Tunjo, Babić, Zoran, Matanović, Slavko
Publisher Information: 2019.
Publication Year: 2019
Subject Terms: Complex decentralized business systems, Multi-objective programming methods, Multi-level decision making
Description: This paper proposes a new methodology for multi- level multi-objective linear programming problem solving as an aid to decision making. The appliance of the suggested approach requires a certain degree of cooperation in preparing and making decisions between decision makers at all levels of decision-making in a complex decentralized business system. The efficiency of the procedure was tested on an example of optimization of production plan in a complex decentralized enterprise. The obtained results demonstrate the possibility of employing the recommended technique and confirm the high degree of its efficiency.
Document Type: Part of book or chapter of book
Accession Number: edsair.dris...01492..3ac1c9296af7b1df9b902b9983d57b30
Database: OpenAIRE
Description
Abstract:This paper proposes a new methodology for multi- level multi-objective linear programming problem solving as an aid to decision making. The appliance of the suggested approach requires a certain degree of cooperation in preparing and making decisions between decision makers at all levels of decision-making in a complex decentralized business system. The efficiency of the procedure was tested on an example of optimization of production plan in a complex decentralized enterprise. The obtained results demonstrate the possibility of employing the recommended technique and confirm the high degree of its efficiency.