Article Per Year (5 Year)
p-Index From 2019 - 2024
0.23
P-Index
This Author published in this journals
All Journal IJESPG (International Journal of Engineering, Economic, Social Politic and Government) journal
Henry M Bwisa
Unknown Affiliation
Computer Science & IT Economics, Econometrics & Finance Engineering Law, Crime, Criminology & Criminal Justice Social Sciences

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Business Selection using Multi-Criteria Decision Analysis Anwar H Ahmed; Henry M Bwisa; Romanus O Otieno
IJESPG (International Journal of Engineering, Economic, Social Politic and Government) Vol. 1 No. 1 (2023)
Publisher : IJESPG (International Journal of Engineering, Economic, Social Politic and Government)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (215.221 KB) | DOI: 10.26638/ijespg.v1i1.6

Abstract

Abstract One of the major challenges facing an entrepreneur in business prioritization entails coming-up with a reliable model that will rank the available opportunities (what type of business to be invested?). Usually, investors have multiple and conflicting criteria to base their selection decision. In this paper we first review some of the criteria used to select business type. We then propose the use of multi-criteria decision analysis (MCDA) models that involves a single decision maker (the potential investor). Specifically, we propose the use of three deterministic families of models i.e. the WSM, WPM and AHP. The models are illustrated with prototypes of the real problem. Later, we propose ways of deriving and estimating the model parameters. Subsequently, we provide a statistical framework of enumerating business types within a catchment area through the use of fall-back principal. In our conclusion, we outline the research gaps, propose a modeling framework for the MCDA business selection tool, and give a snap-shot of the menu driven screen for the model.
Co-Authors Anwar H Ahmed Romanus O Otieno