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Multiple-Criteria Decision Making (MCDM) Methods and Their Applications in Business Management and Finance

Project goals

The goal of the project is mainly the research and development of the models and the methods of multiple criteria decision making (MCDM), particularly under the condition of uncertainty and risk. The MCDM models will be developed and analyzed for discrete and continuous problems. The applications of MCDM models and methods are possible in many areas, as operations, finance, project management.

Keywords

Multiple-Criteria Decision Makingmanagementfinanceauctions

Public support

  • Provider

    Ministry of Education, Youth and Sports

  • Programme

    KONTAKT

  • Call for proposals

  • Main participants

  • Contest type

    M2 - International cooperation

  • Contract ID

    1484/2009-32

Alternative language

  • Project name in Czech

    Metody vícekriteriálního rozhodování (MCDM)a jejich aplikace v managementu a financích

  • Annotation in Czech

    Cílem projektu je převážně výzkum a vývoj modelů a metod vícekriteriálního rozhodování (MCDM), zvláště v podmínkách neurčitosti a rizika. Budou vyvinuty MCDM modely pro diskrétní a spojité problémy. Aplikace MCDM modelů a metod jsou možné v řadě oblastí,jako je operační, finanční a projektový management.

Scientific branches

  • R&D category

    AP - Applied research

  • CEP classification - main branch

    BB - Applied statistics, operational research

  • CEP - secondary branch

    AH - Economics

  • CEP - another secondary branch

  • 10103 - Statistics and probability
    50201 - Economic Theory
    50202 - Applied Economics, Econometrics
    50203 - Industrial relations
    50204 - Business and management
    50205 - Accounting
    50206 - Finance

Completed project evaluation

  • Provider evaluation

    U - Uspěl podle zadání (s publikovanými či patentovanými výsledky atd.)

  • Project results evaluation

    In terms of project 9 meetings of reserch teams from Czech Republic and Poland were realized. Teams discussed cooperation in development of MCDM methods and applications. Outputs are 1 charge in a book, joit participation in 3 konferences, 6 papers.

Solution timeline

  • Realization period - beginning

    Jan 1, 2008

  • Realization period - end

    Dec 31, 2009

  • Project status

    U - Finished project

  • Latest support payment

    Mar 9, 2009

Data delivery to CEP

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

  • Data delivery code

    CEP10-MSM-ME-U/01:1

  • Data delivery date

    Jun 30, 2010

Finance

  • Total approved costs

    117 thou. CZK

  • Public financial support

    117 thou. CZK

  • Other public sources

    0 thou. CZK

  • Non public and foreign sources

    0 thou. CZK

Basic information

Recognised costs

117 CZK thou.

Public support

117 CZK thou.

100%


Provider

Ministry of Education, Youth and Sports

CEP

BB - Applied statistics, operational research

Solution period

01. 01. 2008 - 31. 12. 2009