VALIDATING THE MULTI-CRITERIA DECISION MAKING MODEL IN THE SELECTION PROCESS OF LARGE COMPANIES’ MANAGERS
VALIDATING THE MULTI-CRITERIA DECISION MAKING MODEL IN THE SELECTION PROCESS OF LARGE COMPANIES’ MANAGERS

Summary/Abstract: We have developed a model for the selection of large companies’ managers by using information from one of the Romanian Railway Co. Branch. In Romania the formal staff evaluation procedure inside large companies includes a peer review process and mainly quantitative assessment methods. The traditional approach to multi-attribute decision making involves quantitative concepts such as: probabilities, utilities, scores and weights. For an improved selection process of managers who have similar results in the quantitative evaluation parameters of selection we have introduced in our model some qualitative concepts (i.e. descriptive values expressed by ordinal symbols or words). The model was implemented in a public company. In this study we have validated our model using two methods: the merit order ranking system and the global utility.

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