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A Complex Hybrid Model for Evaluating Projects to Improve the Sustainability and Health of Regions and Cities

Author

Listed:
  • Miroslav Kelemen

    (Faculty of Aeronautics, Technical University of Kosice, 041 21 Košice, Slovakia)

  • Beata Gavurova

    (Faculty of Mining, Ecology, Process Control and Geotechnologies, Technical University of Košice, Letná 9, 042 00 Košice, Slovakia)

  • Volodymyr Polishchuk

    (Faculty of Information Technologies, Uzhhorod National University, 88000 Uzhhorod, Ukraine)

Abstract

The main goal of the study is to develop a complex hybrid model for evaluating projects to improve the sustainability and health of regions and cities within the European Green Deal and Industry 5.0 concepts. The complex model is a comprehensive evaluation system that considers various influencing factors, the investor’s intentions regarding the need and financing of projects, as well as expert opinion on the possibility of achieving sustainability and health of regions and cities by implementing this project with the investor. The model is based on modern theory of intellectual knowledge analysis, fuzzy set theory, and systems approach. Furthermore, we have an initial quantitative assessment and the linguistic significance of the level of the project financing decision with a reliability assessment. The knowledge from the repository of 896 project plans in the field of transport submitted for implementation and financing in the period 2021–2027 was used for the creation of the model. The results of the study were tested on the examples of evaluation of five real projects and demonstrated the applied value of the methodology for evaluating the level of decision-making feasibility of project financing in uncertainty and the importance of making correct management decisions based on expert opinions.

Suggested Citation

  • Miroslav Kelemen & Beata Gavurova & Volodymyr Polishchuk, 2022. "A Complex Hybrid Model for Evaluating Projects to Improve the Sustainability and Health of Regions and Cities," IJERPH, MDPI, vol. 19(13), pages 1-26, July.
    • Handle: RePEc:gam:jijerp:v:19:y:2022:i:13:p:8217-:d:856108
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    References listed on IDEAS

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    1. Simona Hašková & Marek Vochozka & Jiří Kučera, 2023. "A fuzzy evaluation model of manufacturing machinery in terms of sustainable business," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 10(4), pages 71-88, June.

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