Journal
Journal of Business Economics and Management
Volume 9, Issue 4, Pages 245-255Publisher
VILNIUS GEDIMINAS TECH UNIV
DOI: 10.3846/1611-1699.2008.9.245-255
Keywords
contractor; decision making; multi-objectives; alternatives; sampling; ratio analysis; dimensionless measures; ranking and optimization; the MOORA method
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Construction, taking off, maintenance and facilities management of a building is a typical example of consumer sovereignty: the new owner likes to have a reasonable price to pay, to have confidence in the contractor, to know about the duration of the works, the service after completion and the quality of the work. On the other side the contractor has his objectives too, like the satisfaction of the client, diminishing of external costs and annoyances and the management cost per employee as low as possible. In other words it concerns a problem of multi-objectives. Therefore a final ranking will show the best performing contractor from the point of view of the clients but also from the point of view of the contractors themselves. The MOORA method based on ratio analysis and dimensionless measurement will accomplish the job of ranking the contractors in a non-subjective way. As,in application the largest maintenance contractors of dwellings in Vilnius capital of Lithuania, were approached.
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