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Multi-Criteria Assessment of the Company's Location Selection: A Dynamic Approach

Author

Listed:
  • Mateusz Piwowarski
  • Danuta Miłaszewicz
  • Małgorzata Łatuszyńska
  • Kesra Nermend

Abstract

Purpose: The aim of the study is to present multi-criteria Vector Measure Construction Method (VMCM), which enables the construction of aggregate measures, the creation of rankings, classifications and the investigation of change dynamics. Design/Methodology/Approach: The VMCM is used to build the measure (in dynamic terms) for the purpose of assessing the friendliness of EU countries in the context of supporting investors in the selection of locations for newly established enterprises. Findings: Not all multi-criteria methods give the opportunity to study the dynamics of change. The VMCM allows taking into account objects from outside the sample, which are better than the pattern (the measure is not limited, neither from the bottom nor from the top). Practical Implications: The solution proposed allows to assess the investment friendliness of individual country and compare countries (objects) with each other in different sections of time. Originality/Value: The VMCM allows to eliminate the limitations of the other multi-criteria methods in making rankings, classifications of objects and the analysis of the change dynamics.

Suggested Citation

  • Mateusz Piwowarski & Danuta Miłaszewicz & Małgorzata Łatuszyńska & Kesra Nermend, 2019. "Multi-Criteria Assessment of the Company's Location Selection: A Dynamic Approach," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 215-230.
    • Handle: RePEc:ers:journl:v:xxii:y:2019:i:3:p:215-230
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    References listed on IDEAS

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    More about this item

    Keywords

    Multidimensional Comparative Analysis (MCA); Multi-Criteria Decision Analysis (MCDA); VMCM; company location.;
    All these keywords.

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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