**Meet the editors**

Prof. Fausto Pedro García Márquez is a Full Professor at UCLM (Spain), Honorary Senior Research Fellow at Birmingham University (UK), and recently he was a Senior Manager at Accenture. He is a director of the Ingenium Research Group, author of more than 150 papers, 25 books and 5 patents in Business Management. He is a Principal Investigator in 4 EU projects, 5 National Pro-

jects, 2 Regional and more than 145 for companies. He had been awarded with more than 10 international prizes.

Alberto Pliego received his European PhD in Engineering from the School of Industrial Engineers of Ciudad Real in 2016, with the maximum distinction. He is an industrial engineer and technical engineer in electricity from the University of Castilla-la Mancha (UCLM), Spain. He has several publications (journal papers, conference paper, book chapters and monographies) in

the field of maintenance and decision making. Alberto has worked as a lecturer and researcher at the UCLM in Ciudad Real; as an associate professor at the University College of Financial Studies (CUNEF) in Madrid and; as an IT consultant in Everis Spain. He is currently an active member of the Ingenium Research group.

Dr. Mayorkinos Papaelias is an expert in Decision Making, NDT and condition monitoring. He is currently involved as project coordinator in several industrial collaborative research projects related to the wind power and railway sectors which are financially supported by the European Commission.

Contents

**Preface VII**

Mayorkinos Papaelias

Bernard Cadet

Abit Balin and Hayri Baracli

**The Need for a New Paradigm 25**

Chapter 1 **Introductory Chapter: An Overview to the Analytic Principles with Business Practice in Decision Making 1**

Chapter 2 **A Multi-Criteria Decision-Making Methodology Suggestion for Turkey Energy Planning Based Type-2 Fuzzy Sets 5**

Chapter 3 **Decision-Making in Complex Dynamic and Evolutive Systems:**

Chapter 4 **Utilizing Surrogate Numbers for Probability Elicitation 39** Mats Danielson, Love Ekenberg and Andreas Paulsson

Fausto Pedro García Márquez, Alberto Pliego Marugán and

## Contents


Chapter 4 **Utilizing Surrogate Numbers for Probability Elicitation 39**  Mats Danielson, Love Ekenberg and Andreas Paulsson

**Chapter 1**

**Provisional chapter**

**Introductory Chapter: An Overview to the Analytic**

**Introductory Chapter: An Overview to the Analytic** 

DOI: 10.5772/intechopen.80220

**Principles with Business Practice in Decision Making**

*Decision-Making* is a book based on contributions by different authors. The book synthesizes the analytic principles with business practice of decision-making [1]. The book provides an interface between the main disciplines of engineering/technology and the organizational, administrative, and planning abilities of decision-making. It is complementary to other sub-

Decision-making can be understood as a method to select an option into a set. The method can be exact or not, quantitative/qualitative, and so on, and therefore, the option can be optimal or not [2]. These operations are done for anyone every day in anywhere. The decisions can be classified according to the period as politic (very long period), strategic (long period), and

The scientific advances, together with the competitiveness in the market, have led that this concept will be very important nowadays, generating a large number of research publications, new software, specific profiles in the human resources, etc., in every industry field.

Nowadays the industry is employing the new technologies and information system in decision-making. Business analytics employs data to build quantitative models to manage decisions due to the unknown future. The methods are based on statistical analysis, management

It requires advanced methods for advanced analytics [5–8]. Triantaphyllou showed a paradox on what decision-making method should be used to choose the best decision-making method [9]. A state-of-the-art survey of multiple attribute decision-making is discussed in Refs. [6, 10].

disciplines such as economics, finance, marketing, decision and risk analysis, etc.

**Principles with Business Practice in Decision Making**

© 2016 The Author(s). Licensee InTech. This chapter is distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/3.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

© 2018 The Author(s). Licensee IntechOpen. This chapter is distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/3.0), which permits unrestricted use,

distribution, and reproduction in any medium, provided the original work is properly cited.

Fausto Pedro García Márquez,

Fausto Pedro García Márquez,

http://dx.doi.org/10.5772/intechopen.80220

**1. Decision making**

operational (short period).

science, operational research, etc. [3, 4].

Alberto Pliego Marugán and Mayorkinos Papaelias

Alberto Pliego Marugán and Mayorkinos Papaelias

Additional information is available at the end of the chapter

Additional information is available at the end of the chapter
