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MCDM/A Studies for Entrepreneurship, Technology Enhancement, and Business Development

Special issue call for papers from Management Decision

Guest Editors:

Elias Carayannis
George Washington University, USA
[email protected]

Fernando A. F. Ferreira
University Institute of Lisbon, Portugal & University of Memphis, USA
[email protected]

João J. M. Ferreira
University of Beira Interior, Portugal
[email protected]

Guillermo Pérez-Bustamante
University of Oviedo, Spain
[email protected]

Wenchang Fang
National Taipei University, Taiwan
[email protected]


The constant socioeconomic transformations that have marked the XXI century mean that individuals are constantly in contact with social, economic, political and technological changes. This has given rise to a new type of consumer who is more informed about, critical of, and sensitive to organizations’ performance. As a result, economic agents often opt for management systems and/or decision-making processes that can improve their organizations’ performance (Belton and Stewart, 2002). Decision problems have been complicated by an ever-greater degree of complexity, forcing decision makers to seek out new approaches and methodologies that facilitate the processes that support decision making.

Multiple Criteria Decision Making/Analysis (MCDM/A) techniques constitute valuable tools for structuring and evaluating complex decision situations, and can allow for more informed, potentially better decisions (Belton and Stewart, 2002). These techniques are able to build on the knowledge of expert participants in a given field, and produce assessment systems based on their values and experience (Keeney, 1992).

Constructivist in nature, this approach has grown exponentially over the past few years, causing a change in the decision-making arena in general, and in the field of operational research/management science (OR/MS) in particular (Zavadskas et al., 2014).

This special issue sought to bring together recent developments and methodological contributions within MCDM/A in entrepreneurship, technology assessment and business development. Although reworking of case studies from other authors and bibliometric literature reviews are not encouraged, it is open to all contributions proposing both new MCDM/A methods and advances in existing MCDM/A techniques. Contributions dealing with MCDM/A in real-world business decision situations are particularly welcome. We are interested in topics such as:

  • Collaborative decision making
  • MCDA applications for policy making
  • Decision models for competitive gains
  • Decision support and strategic planning
  • Mental models and cognitive mapping
  • Performance measurement system design and development
  • Soft systems for complex problems
  • Systems thinking and business dynamics
  • Value-focused thinking

Each paper is desk reviewed by the guest-editor/s and, if it is judged suitable for this publication, it is then sent to two independent referees for double blind peer review. All papers will be subject to the journal’s usual reviewing procedure to ensure a high quality of the contributions. As a general guideline, papers should be reviewed for appropriateness within a week of submission. The average time to first decision should be 60 days. The average time from submission to acceptance should be 180 days.

Submission Deadline:

Submission of the Full Paper: 30 September 2019

Contacts and Notes:

Papers should be original, unpublished, and not currently under consideration for publication elsewhere. Before submitting manuscripts, authors are advised to ensure that they have conformed to the requirements detailed in the instructions to authors that can be found on the journal’s homepage. Manuscripts which are incorrectly formatted or do not contain all the required elements may be returned to authors for correction prior to review. Prospective contributors are invited to informally discuss their proposed paper with the guest editors prior to submission. Other inquiries should be sent directly to Professor Fernando Ferreira ([email protected]) clearly indicating in the subject “Special issue in Management Decision”.

Guest Editors' Bios:

Elias G. Carayannis is Full Professor of Science, Technology, Innovation and Entrepreneurship at the George Washington University School of Business in Washington, DC. He is also co-Founder and co-Director of the Global and Entrepreneurial Finance Research Institute (GEFRI) and Director of Research on Science, Technology, Innovation and Entrepreneurship, European Union Research Center (EURC) at the School of Business of the George Washington University. Dr. Carayannis’ teaching and research activities focus on the areas of strategic Government-University-Industry R&D partnerships, technology road-mapping, technology transfer and commercialization, international science and technology policy, technological entrepreneurship and regional economic development. Dr. Carayannis has several publications in both academic and practitioner journals, including IEEE Transactions in Engineering Management, Research Policy, Journal of R&D Management, Journal of Engineering and Technology Management, International Journal of Technology Management, Technovation, Journal of Technology Transfer, Engineering Management Journal and many others.

Fernando A.F. Ferreira is Associate Professor w/Habilitation and Vice-Dean for financial affairs at the ISCTE Business School of the University Institute of Lisbon, and Adjunct Research Professor at the Fogelman College of Business and Economics of the University of Memphis, TN, USA. He holds a PhD in Quantitative Methods Applied to Economics and Management from the University of Algarve, Portugal. Some of his articles are published by ISI-listed journals such as Technological Forecasting & Social Change, Journal of Business Research, Annals of Operations Research, Journal of the Operational Research Society, Journal of Cleaner Production, Management Decision, International Journal of Information Technology & Decision Making, and Service Business. He has practical experience as group facilitator and his research interests include MCDA, fuzzy logics and integrated systems for performance measurement. He has served as guest-editor for premier journals such as Technological Forecasting & Social Change, Management Decision, and European Journal of International Management.

João J.M. Ferreira is Associate Professor at the University of Beira Interior (UBI), Portugal. He holds a PhD in Entrepreneurship and Small Business Management from the Autonomous University of Barcelona (UAB), Spain. Currently, he is the scientific coordinator of the UBI Research Unit for Business Sciences (NECE), Portugal. He has published over 200 papers in premier international journals and edited or co-edited several books on innovation and entrepreneurship. His research interests include strategy, competitiveness and entrepreneurship.

Guillermo Pérez-Bustamante holds a PhD and is a Professor of Business Organization at the University of Oviedo, Spain. He has served as Director of Graduate Employability at the same university. He has lectured as Visiting Professor in France, Portugal, Colombia, Argentina and Peru, as well as in several Spanish universities. He has published in international journals such as International Journal of Technology Management; Journal of the Operational Research Society; International Journal of Business Environment; International Journal of Business Competition and Growth, and Journal of Business Economics and Management; and edited or co-edited several works on innovation and entrepreneurship. His research interests include strategy, technology and knowledge management and entrepreneurship and education. He has served as guest-editor for Management Decision.

Wenchang Fang is Full Professor at the Department of Business Administration of the National Taipei University, Taiwan. He is a distinguished leader in international management and education, who holds a PhD from the Northwestern University, IL, USA. He has served as Department Chairperson from 2000 to 2003, undertook the position of Chairperson of the Graduate Institute of Information Management from 2001 to 2004, and also served as Dean of the Business College. He has published extensively in a variety of leading journals, and his research interests include marketing and consumer behavior.


Belton, V. & Stewart, T. (2002). Multiple Criteria Decision Analysis: An Integrated Approach. Dordrecht: Kluwer Academic Publishers.
Carayannis, E.; Ferreira, J.; Jalali, M. & Ferreira, F. (2018). MCDA in knowledge-based economies: Methodological developments and real-world applications, Technological Forecasting and Social Change, Vol. 131, 1-3.
Keeney, R. (1992). Value-focused Thinking: A Path to Creative Decision Making. Harvard: University Press Harvard.
Zavadskas, E.; Turskis, Z. & Kildienė, S. (2014). State of art surveys of overviews on MCDM/MADM methods. Technological and Economic Development of Economy, Vol. 20(1), 165-179.