An Approach to Determining the Importance of Model Criteria in Certifying a City as Business-Friendly
Apstrakt
One of the key problems in the application of multicriteria analysis methods is identifying the importance of the model criteria. The relevance and validity of the decisions are directly conditioned by the relevance of a given set of criteria used for evaluating alternatives, and the correct determination of the weights of these criteria. Several methodologies have been developed to calculate the importance of each criterion for a given problem. All methodologies are classified into two main groups: subjective and objective. In this paper, we present a new procedure to integrate two recognized methods for determining the weights of factors-the analytic hierarchy method as a subjective method and entropy as an objective method. We apply our methodology to a contemporary local economic problem in Serbia-the process of certifying cities and municipalities as favorable to business. We also discuss its implementation in a software tool on a local government website.
Ključne reči:
multiple-criteria methods / investment criteria importance / city certification and evaluationIzvor:
Interfaces, 2018, 48, 2, 156-165Izdavač:
- Informs, Catonsville
Finansiranje / projekti:
- Nove informacione tehnologije za analitičko odlučivanje bazirane na organizaciji eksperimenta i opservaciji i njihova primena u biološkim, ekonomskim i sociološkim sistemima (RS-MESTD-Integrated and Interdisciplinary Research (IIR or III)-44007)
DOI: 10.1287/inte.2017.0923
ISSN: 0092-2102
WoS: 000428521100007
Scopus: 2-s2.0-85045192221
Institucija/grupa
Fakultet organizacionih naukaTY - JOUR AU - Ranđelović, Milan AU - Stanković, Jelena AU - Kuk, Kristijan AU - Savić, Gordana AU - Ranđelović, Dragan PY - 2018 UR - https://rfos.fon.bg.ac.rs/handle/123456789/1829 AB - One of the key problems in the application of multicriteria analysis methods is identifying the importance of the model criteria. The relevance and validity of the decisions are directly conditioned by the relevance of a given set of criteria used for evaluating alternatives, and the correct determination of the weights of these criteria. Several methodologies have been developed to calculate the importance of each criterion for a given problem. All methodologies are classified into two main groups: subjective and objective. In this paper, we present a new procedure to integrate two recognized methods for determining the weights of factors-the analytic hierarchy method as a subjective method and entropy as an objective method. We apply our methodology to a contemporary local economic problem in Serbia-the process of certifying cities and municipalities as favorable to business. We also discuss its implementation in a software tool on a local government website. PB - Informs, Catonsville T2 - Interfaces T1 - An Approach to Determining the Importance of Model Criteria in Certifying a City as Business-Friendly EP - 165 IS - 2 SP - 156 VL - 48 DO - 10.1287/inte.2017.0923 UR - conv_2022 ER -
@article{ author = "Ranđelović, Milan and Stanković, Jelena and Kuk, Kristijan and Savić, Gordana and Ranđelović, Dragan", year = "2018", abstract = "One of the key problems in the application of multicriteria analysis methods is identifying the importance of the model criteria. The relevance and validity of the decisions are directly conditioned by the relevance of a given set of criteria used for evaluating alternatives, and the correct determination of the weights of these criteria. Several methodologies have been developed to calculate the importance of each criterion for a given problem. All methodologies are classified into two main groups: subjective and objective. In this paper, we present a new procedure to integrate two recognized methods for determining the weights of factors-the analytic hierarchy method as a subjective method and entropy as an objective method. We apply our methodology to a contemporary local economic problem in Serbia-the process of certifying cities and municipalities as favorable to business. We also discuss its implementation in a software tool on a local government website.", publisher = "Informs, Catonsville", journal = "Interfaces", title = "An Approach to Determining the Importance of Model Criteria in Certifying a City as Business-Friendly", pages = "165-156", number = "2", volume = "48", doi = "10.1287/inte.2017.0923", url = "conv_2022" }
Ranđelović, M., Stanković, J., Kuk, K., Savić, G.,& Ranđelović, D.. (2018). An Approach to Determining the Importance of Model Criteria in Certifying a City as Business-Friendly. in Interfaces Informs, Catonsville., 48(2), 156-165. https://doi.org/10.1287/inte.2017.0923 conv_2022
Ranđelović M, Stanković J, Kuk K, Savić G, Ranđelović D. An Approach to Determining the Importance of Model Criteria in Certifying a City as Business-Friendly. in Interfaces. 2018;48(2):156-165. doi:10.1287/inte.2017.0923 conv_2022 .
Ranđelović, Milan, Stanković, Jelena, Kuk, Kristijan, Savić, Gordana, Ranđelović, Dragan, "An Approach to Determining the Importance of Model Criteria in Certifying a City as Business-Friendly" in Interfaces, 48, no. 2 (2018):156-165, https://doi.org/10.1287/inte.2017.0923 ., conv_2022 .