Efficiency-based prioritization of stakeholders using data envelopment analysis
This paper introduces a novel approach to stakeholder prioritization by employing Data Envelopment Analysis (DEA). The study utilizes five key criteria-stakeholder power, urgency, legitimacy, level of involvement, and project impact-to quantitatively evaluate stakeholder efficiency. DEA models tailo...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
REA Press
2023-12-01
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| Series: | Big Data and Computing Visions |
| Subjects: | |
| Online Access: | https://www.bidacv.com/article_188457_56c041f72742807d2997e0c8f3abbac1.pdf |
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| Summary: | This paper introduces a novel approach to stakeholder prioritization by employing Data Envelopment Analysis (DEA). The study utilizes five key criteria-stakeholder power, urgency, legitimacy, level of involvement, and project impact-to quantitatively evaluate stakeholder efficiency. DEA models tailored for each stakeholder are applied, yielding a comprehensive prioritization depicted in numerical form. The methodology showcased in this research harnesses the versatility of DEA in stakeholder analysis. The resulting prioritization aids project managers in strategic decision-making, offering valuable insights to enhance project success and minimize negative impacts. This paper contributes a practical and effective tool for project managers seeking to optimize stakeholder engagement and project outcomes. |
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| ISSN: | 2783-4956 2821-014X |