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Decision-Making Under Environmental Uncertainty
Decision-Making Under Environmental Uncertainty

Author(s): Remigiusz Gawlik
Subject(s): Economy, Business Economy / Management, Micro-Economics
Published by: Społeczna Akademia Nauk
Keywords: decision-making; management; Analytic Hierarchy Process; geopolitical environment; uncertainty

Summary/Abstract: Abstract: Goal of the paper: proposal of a model for decision-making enhancement that includes qualitative and quantitative elements influencing managerial decision-making processes under geopolitical uncertainty. Methods: primary: Analytic Hierarchy Process –for assessment of individual and collective utility of indexes describing the functioning of enterprises; secondary: Delphi questionnaires, Pareto-Lorenz diagram, stratified random sampling; AHP evaluations came from six professional managers. Results: a mixed qualitative and quantitative instrument bringing geopolitical occurrences into managerial decision-making under turbulent environmental conditions; Practical implications: increased efficiency of managerial decision-making processes, with managerial decisions closerto the possible optimum, under given environmental conditions. Added value: the application of multicriteria models for enhancement of managerial decision-making providesa larger perspective on environmental threats and lowers the decision-making uncertainty.

  • Issue Year: 20/2019
  • Issue No: 1.2
  • Page Range: 7-19
  • Page Count: 13
  • Language: English
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