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The multiple criteria decision making (MCDM) methodology provides decision mak-ers (DM) with a set of universal methods and models that may also be applied for sup-porting negotiation processes. In this paper we discuss the usability of various classic MCDA techniques taking into account decision maker’s subjective preferences for evaluating the negotiation template and building the scoring system...
The paper investigates the possibility of applying the fuzzy TOPSIS method in economic decision making in the absence of precise estimation of risk parameters, partial information, and uncertain or imprecise data. The authors describe the concept of risk in economic decision making and review the methods of risk analysis. Presented are the theoretical foundations of fuzzy TOPSIS, particular calculation...
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