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Developing a new multidimensional model for selecting strategic plans in balanced scorecard
Indexado
WoS WOS:000618076700010
DOI 10.3233/JIFS-189188
Año 2021
Tipo artículo de investigación

Citas Totales

Autores Afiliación Chile

Instituciones Chile

% Participación
Internacional

Autores
Afiliación Extranjera

Instituciones
Extranjeras


Abstract



The main motivation of this research is to develop an innovative multidimensional model through multi attribute decision making (MADM) methods for strategic plans selection process in the Balanced Scorecard (BSC). The current study adopted MADM analytical methods including AHP, ELECTRE, BORDA, TOPSIS and SAW to rank the initiatives / strategic plans in BSC. Then the results of those methods were compared against each other in order to find a robust model for selecting strategic plans. The correlation coefficient between methods indicated that multidimensional and ELECTRE methods with 0.944 are the best performing and AHP with negative correlation (-0.455) is the worst performing method for selecting strategic plans in BSC. The high correlation demonstrates that the model can be a useful and effective tool to finding the critical aspects of evaluation criteria as well as the gaps to improve company performance for achieving desired level. Developing multidimensional model is the core model for the selection of strategic plans. This study addresses the problem and issues of group decision making process for selecting strategic plans in BSC. It has numerous contributions that particularly includes; 1) Determination of the explicit criteria sub-criteria and criteria to improve ranking strategic plans in BSC, 2) Adopting MADM analytical methods including AHP, ELECTRE, BORDA, TOPSIS and SAW for the selection of strategic plans decision problem in BSC, 3) Developing multidimensional model to address the selection of strategic plans problems in BSC. The proposed model will provide an approach to facilitate strategic plans decision problem in BSC.

Métricas Externas



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Disciplinas de Investigación



WOS
Computer Science, Artificial Intelligence
Scopus
Artificial Intelligence
Engineering (All)
Statistics And Probability
SciELO
Sin Disciplinas

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Publicaciones WoS (Ediciones: ISSHP, ISTP, AHCI, SSCI, SCI), Scopus, SciELO Chile.

Colaboración Institucional



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Autores - Afiliación



Ord. Autor Género Institución - País
1 Daniel, Jay - Univ Derby - Reino Unido
2 Merigo, Jose Hombre Universidad de Chile - Chile
Univ Technol Sydney - Australia

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Financiamiento



Fuente
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Agradecimientos



Agradecimiento
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