Document Type

Closed Project

Publication Date



Ramin Neshati

Course Title

Decision Making

Course Number

ETM 530/630


This paper is an application of HDM (Hierarchical Decision Modeling) model to select the CEO Chief Executive Office of a well-established startup company, Company X in today’s technologically challenging, diverse and highly transparent environment. CEO is face of the Organization, the one responsible for all the day to day management decisions and acts as a direct liaison between the Board and Management of the Company. Hence it is very important for the Board to choose the right CEO. HDM model helps make a scientific and empirical decision basing on the board’s preferences. The inputs to the HDM model are derived from literature review and the profiles of the candidates. The HDM model takes the weights assigned by the Board of seven members, which here will be the expert panel. Further sensitivity analysis is done to check for consistency in the model. Candidate 1 was selected as the best Candidate as CEO from the model. Candidate 2 weighted the least. With the time and resource constraints along with the experts that are reachable, this study is compact. This study can also conducted on a bigger scale and involving more diverse experts and board members who have had made these decisions in the past. Future research can be conducted to make this study more elaborate.


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