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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao European Journal of ...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
European Journal of Operational Research
Article . 2008 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
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Article . 2008
Data sources: zbMATH Open
https://doi.org/10.2139/ssrn.7...
Article . 2005 . Peer-reviewed
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Article . 2008
Data sources: DBLP
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Negotiating Wisely: Considerations Based on Mcdm/Maut

Negotiating wisely: Considerations based on MCDM/MAUT
Authors: Jingguo Wang; Stanley Zionts;

Negotiating Wisely: Considerations Based on Mcdm/Maut

Abstract

Negotiation, both an art and a science, is important in business and in personal life. To negotiate intelligently, we need a strategy to help identify when, for what, and how we should negotiate. The availability of technology has streamlined the information-gathering process necessary for negotiation. We consider a one-to-many negotiation problem such as a house-purchase process in which there is one buyer and many sellers. The alternatives are evaluated using multiple criteria, but we assume that only one issue (such as price) is to be settled by negotiation, and we develop a general quantitative framework for negotiations. We use two metrics: a Tchebycheff metric and an additive function to help the negotiator explore alternatives and negotiate. In the process we help the party determine a Best Alternative to a Negotiated Agreement (BATNA) as well as reservation prices. We also consider the situation in which the negotiator simply chooses an alternative. In such a situation, no value function is explicitly assumed. In that case we propose a heuristic negotiation procedure. The proposed negotiation framework will help a negotiator achieve a good, hopefully an optimal, result effectively.

Keywords

multi-attribute utility theory (MAUT), Management decision making, including multiple objectives, best alternative to a negotiated agreement, filtering

  • BIP!
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    citations
    The total number of citations received by all articles of the researcher of interest.
    27
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
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    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
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citations
The total number of citations received by all articles of the researcher of interest.
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
27
Top 10%
Top 10%
Average
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