An Approach to Determining the Importance of Model Criteria in Certifying a City as Business-Friendly

Ranđelović, Milan; Ranđelović, Dragan; Savić, Gordana; Kuk, Kristijan

doi:10.1287/inte.2017.0923

Cited by 7 publications

(7 citation statements)

References 25 publications

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“…The AHP methodology is one of the most used algorithms (Zheng et al, 2018), being applied to different solutions: planning, selection of alternatives, identification of resources, resolution of conflicts, optimization and others (Thomas et al, 2013;Yazdi and Zarei, 2018; 1290 MD 57,5 Randelovic et al, 2018). Among the advantages that this methodology provides are simplicity, the ease of use and great flexibility (Vaidya and Kumar, 2006;Patari et al, 2018).…”

Section: Mathematical Hierarchizationmentioning

confidence: 99%

Multicriteria methodology and hierarchical innovation in the energy sector

Gracia

Perrino

Llamas

2019

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Purpose -The purpose of this paper is to state a hierarchy methodology to select the most promising innovative projects, based on the processes defined by the successful Project Management Institute. Design/methodology/approach -Open innovation is a new option for companies to acquire knowledge; however, in a changing and global market, it is necessary to define and select properly the proposals to be financially supported. A proven multicriteria decision methodology (MCDM) is recommended in this case to hierarchize altematives. Moreover, analytical hierarchy process (AHP) has been considered in this study as a proven and simple MCDM. Findings -AHP has been demonstrated as a suitable option to evaluate innovative project proposals, thanks to its integration with the Project Management Institute methodology. A process example has been included to demonstrate its application. Research limitations/implications -Innovative projects and project proposal selection have always implied subjective criteria. Moreover, sorne of the processes defined in the methodology were not well defined in the project proposal. Practica! implications -The management of a project portfolio in a rational way would help decision makers to fund the most promising projects/altematives under consideration. In this way, the inherent risk of R&D projects would be minimized. Originality/value -The management of a portfolio of innovative proposals is less often addressed in the literature. This paper focuses on the hybridization of the criteria and processes described in the PMBOK Guide and an MCDM.

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Section: Mathematical Hierarchizationmentioning

confidence: 99%

Multicriteria methodology and hierarchical innovation in the energy sector

Gracia

Perrino

Llamas

2019

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“…There are many decision-making methods other than GTMA that have been used in previous works. Pairwise Comparison, Structural Equation Modelling (Semsch et al), TOPSIS (Abdollahnejadbarough et al 2020 ), Analytic Hierarchy Process (AHP) (Ranđelović et al 2018 ) and Analytic Network Process (ANP) (Uzun et al 2016 ) are all structured decision-making tools utilized in various studies. However, some major differences give GTMA the advantage over these methods.…”

Section: Solution Methodologymentioning

confidence: 99%

Uncovering interrelationships between barriers to unmanned aerial vehicles in humanitarian logistics

et al. 2022

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Recent disasters, such as the ongoing COVID-19 pandemic, have sparked an interest in new applications for unmanned aerial vehicles (UAVs) in humanitarian aid. Nevertheless, there are still many divisive changes that need to be made in order to implement UAVs into a country’s humanitarian sector successfully. Hence, this paper aims to analyze the various barriers hindering the implementation of UAVs in humanitarian logistics for both developed and developing nations. To accomplish this, the study is presented in three steps. First, previous literature and opinions from experts are analyzed to illuminate particular factors that hinder UAV implementation. Next, we propose an interval-valued intuitionistic fuzzy set (IVIFS) based graph theory and matrix approach (GTMA) to calculate a drone implementation hindrance index (DIHI). The GTMA method used in this paper utilizes the PERMAN algorithm to calculate the permanent function. Finally, the DIHI values are plotted and analyzed to compare the readiness of drone implementation between developed and developing economies. A sensitivity analysis is then performed to provide validity to the results obtained. The study has revealed that both types of countries must first improve their inadequate government regulations regarding humanitarian UAVs. Developing countries must also focus on enhancing the technological awareness of their population. The results of this study can be used by policymakers and practitioners to smoothly implement UAVs in their country's humanitarian sector. The general index defined in this paper can also be calculated for specific countries using the steps mentioned in the manuscript.

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“…Paper [68] points out that the objective weight introduced in [37] can be very different from the objective weight obtained by the entropy method. In [69], the authors proposed one programmed model using AHP and entropy to solve a problem of criteria weighting in the process of certifying cities and municipalities in the City of Niš in the Republic of Serbia as favorable to business, while in paper [70], the authors present several versions of a mathematical programming model that determines attribute weights for each consumer. These weights are empirically evaluated using databases of dry cereals and automobiles as an example.…”

Section: Aggregation Methodsmentioning

confidence: 99%

“…The proposed methodology is applied to the case study of the City of Niš in the Republic of Serbia. Having in mind that the authors have already considered one other methodology of such aggregation on a similar case study for the BFC procedure in article [69], in Section 2, we presented only the results obtained by the implementation of the BFC procedure, especially because the implementation of LBFC is principally the same, normally with other criteria factors.…”

Section: Double-sided Model Of Strategic Planning Of Ledmentioning

confidence: 99%

Use of Determination of the Importance of Criteria in Business-Friendly Certification of Cities as Sustainable Local Economic Development Planning Tool

et al. 2020

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One of the essential activities for sustainable local economic development is continuous improvement of business environment which can be carried out through the business-friendly certification as objective benchmarking process, which is influenced by many factors - criteria that could be analyzed using multi-criteria decision-making methods. Determining criteria weights is the most important task regarding these methods for which a number of methodologies based on different approaches were developed. These methodologies could be generally divided into two groups: subjective and objective. Shortly, these methodologies quantify given preferences using knowledge of experts if they are subjective or using calculations from available data if they are objective. Methodologies from these two groups give different results in a wide range of values. Therefore, it is useful to create composite indicators using aggregation of both approaches in order to reduce the influence of their bad individual characteristics and, therefore, achieve a balanced symmetrical approach. The purpose of this paper is constructing one efficient model that solves a problem of the planning of sustainable local economic development in the Republic of Serbia. Our approach uses the aggregation of the entropy method, as one objective approach, and the analytical hierarchy process, as a subjective approach, in executing business-friendly certification process. The implementation of the proposed approach has been demonstrated as a part of a business-to-government (B2G) platform called “Multi-Criteria Support System for Analysis of the Local Economic Environment” in the City of Niš.

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An Approach to Determining the Importance of Model Criteria in Certifying a City as Business-Friendly

Cited by 7 publications

References 25 publications

Multicriteria methodology and hierarchical innovation in the energy sector

Multicriteria methodology and hierarchical innovation in the energy sector

Uncovering interrelationships between barriers to unmanned aerial vehicles in humanitarian logistics

Use of Determination of the Importance of Criteria in Business-Friendly Certification of Cities as Sustainable Local Economic Development Planning Tool

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