IDEAS home Printed from https://ideas.repec.org/a/ags/sereko/212937.html
   My bibliography  Save this article

Analysis Of Key Indicators Of Economic Dimensions Of Spas' Sustainable Development In Serbia As Tourism Destinations

Author

Listed:
  • Krstic, Bojan
  • Petrovic, Jelena
  • Stanišić, Tanja

Abstract

The purpose of this paper is to analyse the economic indicators of sustainable development of spas in Serbia. The paper starts from the newest division of sustainable development indicators of the tourist destination given by the European Commission. The aim is the ranking of the leading spas in Serbia according to the level of tourism economic sustainability. The following methods are used in the paper: VIKOR method for determining the level of economic sustainability of tourist destination development, and FANMA method for determining the weight coefficients which are necessary for the implementation of VIKOR methods. Based on VIKOR method and starting from the economic indicators of sustainability of the tourist destinations, the leading spas in Serbia are ranked according to the economic sustainability of their development as tourist destinations. The research results indicate to tourism development policy makers to which the spas in Serbia activities should be directed in order to increase the level of their economic sustainable development.

Suggested Citation

  • Krstic, Bojan & Petrovic, Jelena & Stanišić, Tanja, 2015. "Analysis Of Key Indicators Of Economic Dimensions Of Spas' Sustainable Development In Serbia As Tourism Destinations," Ekonomika, Journal for Economic Theory and Practice and Social Issues, Society of Economists Ekonomika, Nis, Serbia, vol. 61(3), pages 1-12, September.
    • Handle: RePEc:ags:sereko:212937
    DOI: 10.22004/ag.econ.212937
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/212937/files/5.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.212937?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ma, Jian & Fan, Zhi-Ping & Huang, Li-Hua, 1999. "A subjective and objective integrated approach to determine attribute weights," European Journal of Operational Research, Elsevier, vol. 112(2), pages 397-404, January.
    2. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    3. Torres-Delgado, Anna & Palomeque, Francesc López, 2014. "Measuring sustainable tourism at the municipal level," Annals of Tourism Research, Elsevier, vol. 49(C), pages 122-137.
    4. Liou, James J.H. & Tsai, Chieh-Yuan & Lin, Rong-Ho & Tzeng, Gwo-Hshiung, 2011. "A modified VIKOR multiple-criteria decision method for improving domestic airlines service quality," Journal of Air Transport Management, Elsevier, vol. 17(2), pages 57-61.
    5. Opricovic, Serafim & Tzeng, Gwo-Hshiung, 2007. "Extended VIKOR method in comparison with outranking methods," European Journal of Operational Research, Elsevier, vol. 178(2), pages 514-529, April.
    6. Liu, Chui-Hua & Tzeng, Gwo-Hshiung & Lee, Ming-Huei, 2012. "Improving tourism policy implementation – The use of hybrid MCDM models," Tourism Management, Elsevier, vol. 33(2), pages 413-426.
    7. Tsai, Wen-Hsien & Chou, Wen-Chin & Lai, Chien-Wen, 2010. "An effective evaluation model and improvement analysis for national park websites: A case study of Taiwan," Tourism Management, Elsevier, vol. 31(6), pages 936-952.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rađenović Žarko & Veselinović Ivana, 2017. "Integrated AHP-TOPSIS Method for the Assessment of Health Management Information Systems Efficiency," Economic Themes, Sciendo, vol. 55(1), pages 121-142, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shu-Kung Hu & James J. H. Liou & Ming-Tsang Lu & Yen-Ching Chuang & Gwo-Hshiung Tzeng, 2018. "Improving NFC Technology Promotion for Creating the Sustainable Education Environment by Using a Hybrid Modified MADM Model," Sustainability, MDPI, vol. 10(5), pages 1-24, April.
    2. Jamal Ouenniche & Kais Bouslah & Blanca Perez-Gladish & Bing Xu, 2021. "A new VIKOR-based in-sample-out-of-sample classifier with application in bankruptcy prediction," Annals of Operations Research, Springer, vol. 296(1), pages 495-512, January.
    3. Tsai Chi Kuo & Chia-Wei Hsu & Jie-Ying Li, 2015. "Developing a Green Supplier Selection Model by Using the DANP with VIKOR," Sustainability, MDPI, vol. 7(2), pages 1-29, February.
    4. Chia-Wei Hsu & Tsai-Chi Kuo & Guey-Shin Shyu & Pi-Shen Chen, 2014. "Low Carbon Supplier Selection in the Hotel Industry," Sustainability, MDPI, vol. 6(5), pages 1-27, May.
    5. Lin, Sheng-Hau & Zhao, Xiaofeng & Wu, Jiuxing & Liang, Fachao & Li, Jia-Hsuan & Lai, Ren-Ji & Hsieh, Jing-Chzi & Tzeng, Gwo-Hshiung, 2021. "An evaluation framework for developing green infrastructure by using a new hybrid multiple attribute decision-making model for promoting environmental sustainability," Socio-Economic Planning Sciences, Elsevier, vol. 75(C).
    6. Lin, Zhibin & Vlachos, Ilias, 2018. "An advanced analytical framework for improving customer satisfaction: A case of air passengers," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 114(C), pages 185-195.
    7. Kuang-Hua Hu & Wei Jianguo & Gwo-Hshiung Tzeng, 2017. "Risk Factor Assessment Improvement for China’s Cloud Computing Auditing Using a New Hybrid MADM Model," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 16(03), pages 737-777, May.
    8. Lin, Sheng-Hau & Huang, Xianjin & Fu, Guole & Chen, Jia-Tsong & Zhao, Xiaofeng & Li, Jia-Hsuan & Tzeng, Gwo-Hshiung, 2021. "Evaluating the sustainability of urban renewal projects based on a model of hybrid multiple-attribute decision-making," Land Use Policy, Elsevier, vol. 108(C).
    9. Tsai, Pei-Hsuan & Kao, Ya-Ling & Kuo, Szu-Yu, 2023. "Exploring the critical factors influencing the outlying island talent recruitment and selection evaluation model: Empirical evidence from Penghu, Taiwan," Evaluation and Program Planning, Elsevier, vol. 99(C).
    10. Audrius Čereška & Edmundas Kazimieras Zavadskas & Fausto Cavallaro & Valentinas Podvezko & Ina Tetsman & Irina Grinbergienė, 2016. "Sustainable Assessment of Aerosol Pollution Decrease Applying Multiple Attribute Decision-Making Methods," Sustainability, MDPI, vol. 8(7), pages 1-12, June.
    11. Hossein Sayyadi Tooranloo & Arezoo Sadat Ayatollah, 2024. "Neutrosophic VIKOR approach for multi-attribute group decision-making," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 34(2), pages 121-134.
    12. Samanci, Simge & Didem Atalay, Kumru & Bahar Isin, Feride, 2021. "Focusing on the big picture while observing the concerns of both managers and passengers in the post-covid era," Journal of Air Transport Management, Elsevier, vol. 90(C).
    13. Zhen Wang & Rongxi Wang & Wei Deng & Yong Zhao, 2022. "An Integrated Approach-Based FMECA for Risk Assessment: Application to Offshore Wind Turbine Pitch System," Energies, MDPI, vol. 15(5), pages 1-25, March.
    14. Bilbao-Terol, Amelia & Arenas-Parra, Mar & Cañal-Fernández, Verónica & Antomil-Ibias, José, 2014. "Using TOPSIS for assessing the sustainability of government bond funds," Omega, Elsevier, vol. 49(C), pages 1-17.
    15. Tsai, Pei-Hsuan & Chen, Chih-Jou, 2021. "Entertainment in retailing: Challenges and opportunities in the TV game console industry," Journal of Retailing and Consumer Services, Elsevier, vol. 60(C).
    16. Chui-Hua Liu, 2020. "Strategies of Managing Coach Driver Job Stress for Sustainable Coach Tourism Industry—The Use of DANP-V Model," Sustainability, MDPI, vol. 12(9), pages 1-20, May.
    17. An, Da & Yang, Yu & Chai, Xilong & Xi, Beidou & Dong, Lichun & Ren, Jingzheng, 2015. "Mitigating pollution of hazardous materials from WEEE of China: Portfolio selection for a sustainable future based on multi-criteria decision making," Resources, Conservation & Recycling, Elsevier, vol. 105(PA), pages 198-210.
    18. Kheybari, Siamak & Rezaie, Fariba Mahdi & Farazmand, Hadis, 2020. "Analytic network process: An overview of applications," Applied Mathematics and Computation, Elsevier, vol. 367(C).
    19. Gudiel Pineda, Pedro Jose & Liou, James J.H. & Hsu, Chao-Che & Chuang, Yen-Ching, 2018. "An integrated MCDM model for improving airline operational and financial performance," Journal of Air Transport Management, Elsevier, vol. 68(C), pages 103-117.
    20. Dinçer, Hasan & Yüksel, Serhat, 2019. "An integrated stochastic fuzzy MCDM approach to the balanced scorecard-based service evaluation," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 166(C), pages 93-112.

    More about this item

    Keywords

    Agribusiness;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:sereko:212937. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: http://www.ekonomika.org.rs .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.