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Multi-criteria technologies for managerial decisions system analysis

Author

Listed:
  • Anatolii NYKYFOROV

    (Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine)

  • Olena SUSHCHENKO

    (Simon Kuznets Kharkiv National University of Economics, Kharkiv, Ukraine)

  • Mariana PETROVA

    (St. Cyril and St. Methodius University of Veliko Tarnovo, Veliko Tarnovo, Bulgaria)

  • Nataliia POHUDA

    (Simon Kuznets Kharkiv National University of Economics, Kharkiv, Ukraine)

Abstract

The article is devoted to the systems analysis technologies application in the sphere of managerial decisions selection in economic growth based performance criteria using different optimality principles. The modern practice of public administration faces the problem of choosing a solution based on a few or multiple criteria in conditions of economic growth. The scientific problem of new systems analysis technologies workability that make it possible to justify managerial decisions using several optimality principles is actualized. The developing a methodology for substantiating managerial decisions of public authorities and local self-government, which could be used by both bodies, is grounded. Conditions of uncertainty in economic growth arise due to the influence of uncontrollable factors on the effectiveness of managerial decisions is noted. The use of the principles of optimism, pessimism, guaranteed results, guaranteed losses, minimax risk (Savage principle) for the systematic justification of managerial decisions is proposed. The use of multi-criteria models in economic growth enables to reasonably choose the optimal solution is grounded. Multi-criteria optimization as a system analysis technology for the most effective choice of project under uncertainty is used. An example of optimal choice of local authorities for the project of public-private partnership in the sphere of investment in infrastructure development as an important area of economic growth is given

Suggested Citation

  • Anatolii NYKYFOROV & Olena SUSHCHENKO & Mariana PETROVA & Nataliia POHUDA, 2021. "Multi-criteria technologies for managerial decisions system analysis," Access Journal, Access Press Publishing House, vol. 2(2), pages 150-161, May.
    • Handle: RePEc:aip:access:v:2:y:2021:i:2:p:150-161
    DOI: 10.46656/access.2021.2.2(3)
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    References listed on IDEAS

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    1. Vera Komarova & Natalya Selivanova-Fyodorova & Oksana Ruža & Jerzy Kaźmierczyk & Iluta Arbidane, 2021. "Modern trends in the economic differences between countries and within them: comparison of the world and the European Union," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(3), pages 110-121, March.
    2. Vladimir Menshikov & Irena Kokina & Vera Komarova & Oksana Ruža & Alina Danileviča, 2020. "Measuring multidimensional poverty within the resource-based approach: a case study of Latgale region, Latvia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1211-1227, December.
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      More about this item

      Keywords

      principle; optimality; multi-criteria; managerial decision; economic growth;
      All these keywords.

      JEL classification:

      • M37 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Advertising
      • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development
      • Z39 - Other Special Topics - - Tourism Economics - - - Other

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