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The Oreste’s Method in the Multicriteria’s Decision Process for the Management of Tourism Field

Author

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  • Octavia GIVESCU

    (Romanian Banking Institute, Romania)

Abstract

During the decision process, one has to take into consideration more than one criterion, the alternative that meets as many criteria as possible being chosen eventually. As it is impossible to reach the maximum level that is wished for separately for each criterion at the same time, one has to settle for the alternative that is the best compromise considering all the criteria. In the field of tourism, developing any strategy regarding the tourist product, entering a market, organizing distribution and advertising means are based on a series of decisions and the use of modern methods of the decision theory has become a necessity for the managers in the respective business area. Among the methods that aim at choosing the alternative that meets as many criteria as possible, the Oreste method produces the order of the decision alternatives function of the significance/ value that they have within each criterion.

Suggested Citation

  • Octavia GIVESCU, 2007. "The Oreste’s Method in the Multicriteria’s Decision Process for the Management of Tourism Field," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(1), pages 37-51, July.
    • Handle: RePEc:rom:econmn:v:10:y:2007:i:1:p:37-51
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    More about this item

    Keywords

    Multi criteria decision; Tourism management; Comparing and setting in order the alternatives.;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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