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Creating a new cultural tourism product related to local post-industrial heritage as a multiple criteria decision aiding problem

100%

Czekajski M.

Multiple Criteria Decision Making

2020

vol. 15

93-118

Creating local cultural tourism products (CTPs) requires the involvement of many entities, e.g., local government units, culture and tourism institutions, non-government organisations, etc., as well as organisational, technical, financial, and human resources. When deciding on a future product venture, it is important to establish visions, goals, or the product’s desired functions common to all these actors. Then, the alternative instances of such CTP need to be designed and examined from the viewpoint of these goals, which may be mutually exclusive due to the various preferences of the actors. Furthermore, despite their importance, these criteria may conflict with, e.g., the tourism policy of local authorities. The issues mentioned above make the decisions regarding creating CTPs very complex and have behavioural, group multiple criteria character. This paper aims to identify the structural elements of creating the best possible CTP promoting local post-industrial heritage in the Czeladź Commune. The specific assumptions, conditions, and criteria are defined to formulate the problem for further consideration using multiple criteria group decision-making (GDM) approaches.

Multi-criteria decision making in project environment using decision trees and real options – a comparison of methods

75%

Nowak M., Targiel K. S.

Studia Ekonomiczne

2017

vol. 323

98-106

The complexity of modern projects makes the proper management crucial. The volatile environment of the XXI century means that it is important to choose the right decision at the right moment. During the life of project there is the need to make many decisions, which are embedded in time. Moreover, in many cases evaluation of these decisions depends on multiple criteria. Two approaches are poposed to deal with such situation: Multicriteria Decision Tree and Multi-State Real Options (MSRO). The paper compares areas of applicability, limitations and advantages of these methods. As result, it is concluded, that MSRO method is more specific and can be used only in situations where exist real options.

Złożoność nowoczesnych projektów sprawia, że zarządzanie ma kluczowe znaczenie. Niestabilne środowisko XXI w. oznacza, że ważne jest, aby podjąć właściwą decyzję w odpowiednim momencie. W trakcie realizacji projektu konieczne jest podjęcie wielu decyzji osadzonych w czasie. Ponadto często ocena tych decyzji zależy od wielu kryteriów. W celu rozwiązania takich sytuacji pojawiają się dwa podejścia: wielokryterialne drzewo decyzyjne i wielostanowe opcje realne (MSRO). W pracy porównano obszary zastosowań, ograniczenia i zalety tych metod. W rezultacie stwierdzono, że metoda MSRO jest bardziej specyficzna i może być stosowana tylko w sytuacjach, w których istnieją opcje realne.

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1 Multiple Criteria Decision Making

1 Studia Ekonomiczne

1 Czekajski M.

1 Nowak M.

1 Targiel K. S.

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Creating a new cultural tourism product related to local post-industrial heritage as a multiple criteria decision aiding problem

Multi-criteria decision making in project environment using decision trees and real options – a comparison of methods