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What is Additive Value Function

Encyclopedia of Networked and Virtual Organizations
Weighted sum of selection alternatives’ scores on different selection criteria (Keeney & Raiffa, 1976).
Published in Chapter:
Multi-Criteria Partner Selection in Virtual Organizations
Toni Jarimo (VTT Technical Research Centre of Finland, Finland), Peter Ljubic (Jožef Stefan Institute, Slovenia), Jiri Hodík (Czech Technical University, Czech Republic), Iiro Salkari (VTT Technical Research Centre of Finland, Finland), and Marko Bohanec (Jozef Stefan Institute, Slovenia, and University of Nova Gorica, Slovenia)
Copyright: © 2008 |Pages: 7
DOI: 10.4018/978-1-59904-885-7.ch127
Abstract
Virtual organization partner selection has recently attracted the attention of researchers from various fields. The need for partner selection arises when a broker (e.g., Katzy & Dissel, 2001) identifies a collaboration opportunity and is willing to form a virtual organization (VO). Several researchers have suggested that a pool of proactively cooperating organizations would be an efficient platform for creating VOs (Lau & Wong, 2001; Camarinha-Matos & Afsarmanesh 2003; Tølle & Bernus, 2003). Here, we follow the terminology of Camarinha-Matos and Afsarmanesh (2003), who call this pool a virtual organization breeding environment (VBE). The idea is that a VBE provides a common structure for repeated VO creation, hence decreasing the costs related to ad hoc VO creation. Such a VBE structure includes, for instance, a common ICT infrastructure, contract templates and decision-support tools for agile VO creation.
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