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Multiple Criteria Decision Making in Management Accounting and Control - State of the Art and Research Perspectives based on a Bibliometric Study

J. Hülle, R. Kaspar & Klaus Möller

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abstract As an academic discipline as well as in practice, decision support is one of the most important functions of management accounting and control (MAC). Owing to decision settings' increasing complexity, suitable multiple criteria methods are becoming increasingly important for MAC. We, therefore, examine the extent to which certain multiple criteria decision-making (MCDM) methods are used in the MAC context. In order to do so, we undertook an extensive bibliometric analysis of the management accounting field during the last three decades. The results indicate an increase in the importance of MCDM. Furthermore, recent research activities were classified into different areas of decision-making within MAC since the majority of publications deal with the areas of strategic management, budgeting and performance management. More specifically, strategy and performance evaluation, strategic planning and the selection of alternatives are the most prominent MCDM applications. Our analysis reveals that the analytic hierarchy process (AHP) is the most popular analytical tool with which to support management in complex decision-making situations. The results of the study prove that technical MAC literature does not cover a desirable range of MCDM applications and that the AHP, as well as the analytic network process (ANP) are of increasing importance in respect of the international scope of MAC. Therefore, the area of MCDM continues to be an active part of management science research and application, specifically of MAC.
   
type journal paper
   
keywords
   
language English
kind of paper journal article
date of appearance 12-2011
journal Journal of Multi-Criteria Decision Analysis
publisher Wiley (Chichester)
ISSN 1057-9214
ISSN (online) 1099-1360
DOI 10.1002/mcda.482
volume of journal 18
number of issue 5-6
page(s) 253-265
review external review
   
citation Hülle, J. ., Kaspar, R., & Möller, K. (2011). Multiple Criteria Decision Making in Management Accounting and Control - State of the Art and Research Perspectives based on a Bibliometric Study. Journal of Multi-Criteria Decision Analysis, 18(5-6), 253-265, DOI:10.1002/mcda.482.