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Effectivity of Multi Criteria Decision-Making in Organisations: Results of an Agent-Based Simulation

In: Emergent Results of Artificial Economics

Author

Listed:
  • Stephan Leitner

    (Alpen-Adria Universitaet Klagenfurt)

  • Friederike Wall

    (Alpen-Adria Universitaet Klagenfurt)

Abstract

This paper analyses how different multi criteria decision-making modes affect organisational performance under the regime of alternative organisational design options. We set up a computational model based on the concept of NK-fitness landscapes. Our results indicate that organisational design and especially departmentalisation with respect to decision interdependencies is a fundamental parameter to affect organisational performance. Conventional wisdom indicates that stability positively affects achieved performance. This could not be proved for all cases. We show that in certain organisational setups discontinuity positively affects performance.

Suggested Citation

  • Stephan Leitner & Friederike Wall, 2011. "Effectivity of Multi Criteria Decision-Making in Organisations: Results of an Agent-Based Simulation," Lecture Notes in Economics and Mathematical Systems, in: Sjoukje Osinga & Gert Jan Hofstede & Tim Verwaart (ed.), Emergent Results of Artificial Economics, pages 79-90, Springer.
    • Handle: RePEc:spr:lnechp:978-3-642-21108-9_7
    DOI: 10.1007/978-3-642-21108-9_7
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    Citations

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    Cited by:

    1. S. Leitner & D.A. Behrens, 2015. "On the efficiency of hurdle rate-based coordination mechanisms," Mathematical and Computer Modelling of Dynamical Systems, Taylor & Francis Journals, vol. 21(5), pages 413-431, September.
    2. Leitner, Stephan & Rausch, Alexandra & Behrens, Doris A., 2017. "Distributed investment decisions and forecasting errors: An analysis based on a multi-agent simulation model," European Journal of Operational Research, Elsevier, vol. 258(1), pages 279-294.
    3. Stephan Leitner & Friederike Wall, 2015. "Simulation-based research in management accounting and control: an illustrative overview," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 26(2), pages 105-129, August.

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