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The WINGS method with multiple networks and its application to innovation projects selection

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  • Jerzy Michnik

Abstract

The paper presents a comprehensive method for supporting important decisions with long-term consequences for an organisation. The proposed approach combines multiple weighted influence nonlinear gauge system (WINGS) networks into a single model comprising a broad analysis of benefits, opportunities, costs and risks (BOCR). Practicality of the presented solution is demonstrated with the illustrative example of selecting innovation projects.

Suggested Citation

  • Jerzy Michnik, 2018. "The WINGS method with multiple networks and its application to innovation projects selection," International Journal of Applied Management Science, Inderscience Enterprises Ltd, vol. 10(2), pages 105-126.
    • Handle: RePEc:ids:injams:v:10:y:2018:i:2:p:105-126
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    Citations

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    Cited by:

    1. Tavana, Madjid & Khalili Nasr, Arash & Mina, Hassan & Michnik, Jerzy, 2022. "A private sustainable partner selection model for green public-private partnerships and regional economic development," Socio-Economic Planning Sciences, Elsevier, vol. 83(C).
    2. Dariusz Banaś & Jerzy Michnik, 2019. "Evaluation of the Impact of Strategic Offers on the Financial and Strategic Health of the Company—A Soft System Dynamics Approach," Mathematics, MDPI, vol. 7(2), pages 1-20, February.
    3. Sarfaraz Hashemkhani Zolfani & Alireza Nemati & Pedro J. Reyes-Norambuena & Carlos A. Monardes-Concha, 2022. "A Novel MCDM Approach Based on OPA-WINGS for Policy Making in Undergraduate Elective Courses," Mathematics, MDPI, vol. 10(22), pages 1-19, November.
    4. Vinay Surendra Yadav & Abhijit Majumdar, 2024. "What impedes digital twin from revolutionizing agro-food supply chain? Analysis of barriers and strategy development for mitigation," Operations Management Research, Springer, vol. 17(2), pages 711-727, June.
    5. Jerzy Michnik & Artur Grabowski, 2020. "Modeling Uncertainty in the Wings Method Using Interval Arithmetic," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 19(01), pages 221-240, January.
    6. Anna Adamus-Matuszyńska & Jerzy Michnik & Grzegorz Polok, 2019. "A Systemic Approach to City Image Building. The Case of Katowice City," Sustainability, MDPI, vol. 11(16), pages 1-20, August.

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