Table 1 Strategic concepts that guided the decision-making model
From: Credit granting sorting model for financial organizations
Author | Study objective | Contribution |
|---|---|---|
Nutt (1998) | Explored the uncertainty of DMs in the process of evaluating alternatives | The concern with a rational model that guides the DM |
Zopounidis and Dimitras (1998) | Presented a study addressing the ELECTRE TRI Method and predicting business failure | Defended the idea of applying the method to find organizational solutions |
Høyland and Wallace (2001) | Presented the need to build scenarios for decision-making in multiple stages and environments under uncertain conditions | Concern about the future and the consequences of the decision |
Elbanna and Child (2007) | Approached the strategic angle with a study on strategic rationality in decision-making | They studied the importance of rationality in decision-making processes |
Hwang and Lin (2012) | Group decision making under multiple criteria | Developed a study on multicriteria methods and applications in group decisions |
Garrido et al. (2014) | Offered a detailed analysis of the primary measures that have been used by institutions in previous work on strategic management | Studied strategic management measures and their application in decision-making |
Guerras-Martín et al. (2014) | Explored the evolution of strategic management research | They highlighted the evolution and importance of studying strategic management |
Chavira et al. (2017) | ELECTRE-III method and a multiobjective evolutionary algorithm | Developed a credit ranking model for a financial company |
Pérez et al (2018) | Group decision process | Studies on dynamic consensus processes in group decision-making problems |
Khraisha and Arthur (2018) | Examines the hypothesis of a general theory that encompasses increasing complexities in the financial innovation process | Focus on the innovation process and complexity of the financial sector |