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A Survey in Multi-stakeholder Decision-Making based on Trust and Risk

Authors:
Lina Alfantoukh
Maha Aleid

Keywords: Trust; Risk; Decision-Making; Multi-stakeholder

Abstract:
Decision-making is expected to be encountered in many aspects of people’s lives and is involved in fields such as economy, business, health care, and education. There are also different methods of making a decision, as well as various factors that affect making such decisions. Decision-making, therefore, depends on the context. It can be individual or group level. Group decisions are more challenging than individual decisions because of the existence of conflicting objectives among the participants or stakeholders. Group decisions may require negotiation, which involve the stakeholders’ influences on each other. Such influences could be acquired from the trust among them. Therefore, trust is used as a criterion for making group decisions. Usually, the decisions come with consequences even if it is short term or long term; therefore, it is important to put those consequences into consideration before making any selections. Such consequences can be addressed by perceived risk. The main contribution of this paper is that it applies trust and risk in the study of multi-stakeholder decision-making by considering the use these factors as decision criteria. Additionally, we study multi-stakeholder decision-making processes and models based on our analysis of existing works. We found the consensus process and GDM1 model are mostly applied in the existing schemes.

Pages: 61 to 66

Copyright: Copyright (c) IARIA, 2019

Publication date: November 24, 2019

Published in: conference

ISSN: 2163-9027

ISBN: 978-1-61208-753-5

Location: Valencia, Spain

Dates: from November 24, 2019 to November 28, 2019