Decision-making is becoming increasingly complex as the number of stakeholders rises,the number of decision-makers rises as well, the implications to consider are various and far-reaching,risks and uncertainties abound and the regulatory framework is growing increasingly complex.Decision-making...

The Analytic Hierarchy Process developed by Saaty (Saaty, T. L. 1980. The Analytic Hierarchy Process. McGraw-Hill, New York.) has proven to be an extremely useful method for decision making and planning. However, some researchers in these areas have raised concerns over the theoretical basis...

This paper examines stochastic dominance relations among discrete random variables defined on a common integer domain. While these restrictions are minimal, they lead both to new theoretical results and to simpler proofs of existing one. The new results, obtained for dominance criteria of any...

A decision maker's performance relies on the availability of relevant information. In many environments, the relation between the decision maker's informational needs and the information base is complex and uncertain. A fundamental concept of information systems, such as decision support and...

We show that a "suspicious" subjective expected utility (SEU) maximizer, i.e., one who treats potential consequences of states as information useful in assessing the probability of those states, may under reasonable circumstances act as though he were maximizing either weighted linear utility,...

The globalisation is a complex phenomenon with many advantageous and disadvantageous consequences. In this paper we investigate the linkage between globalised market economy and the happiness through the ethical implications of the greatest happiness principle in a system approach. We also...

The a priori power of the president of Poland, lower chamber of parliament (Sejm) and upper chamber of parliament (Senate) in the process of legislation are considered in this paper. The evaluation of power is made using the Johnston power index