Dagmar Gombitová, Dušana Dokupilová
Innovative Expert Methods in Strategic Decision Making
Periodikum: Quality Innovation Prosperity
Klíčová slova: managerial innovation; decision making; consistency; analytic hierarchy process
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Methodology/Approach: Multi-criteria decision methods are used when deciding on complex problems. One of the most popular and most frequently used is the Analytic Hierarchy Process. Application of this method enables measurement of preference consistency, and its relationship with cognitive reflection.
Findings: Consistency of judgement was very similar in both groups. The prioritisation of measures resulted in a similar set of priorities determined by both groups. The assumed relationship of consistency and cognitive reflection score and/or overconfidence was not detected, and decision makers proved to be well calibrated.
Research Limitation/Implication: The main limitation of our research was the small sample size of decision makers, which complied with the requirements of the decision method, but was not sufficient to confirm the statistical validity.
Originality/Value of paper: The introduction of the multi-criteria decision method into decision-making for public policy strategies combines practical policy exercises with scientific research on high-stakes decisions and enables to carry out participatory decision-making process with relevant stakeholders.