Pension trustees make surrogate decisions on behalf of scheme members. However, prior research has not explored how this might affect pension adequacy. Our results show that when setting targets for replacement income, project their own preferences instead reflecting member preferences. Furthermore, projection was more pronounced with lower financial literacy. Trustees choose significantly high...

Due to the increasing competition of globalization, selection of the most appropriate supplier is one of the key factors for the success of a supply chain management. Due to conflicting evaluations and insufficient information about the criteria, Intuitionistic fuzzy sets (IFSs) are considered as an impressive tool and utilized to specify the relative importance of the criteria. The aim of this...

The main goal of every agent is to make a good decision. The Analytic Hierarchy Process is frequently used approach for solving decision making problems. There exists wide range of software programs utilizing that approach. Main disadvantage of those software products is that they are commercial and relatively expensive and thus it prevents them to be used by small companies, students or resear...