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Assessing Alternatives To The Development Of Administrativeeconomic Units Applying The Fare-M Method

Author

Listed:
  • Romualdas GINEVICIUS

    (Bialystok University of Technology, Poland)

  • Katarzyna SZCZEPANSKAWOSZCZYNA

    (Akademia WSB, Poland)

  • Marek SZARUCKI

    (, Cracow University of Economy, Poland)

  • Andrius STASIUKYNAS

    (Kazimieras Simonavicius University, Lithuania)

Abstract

The socio-economic development of economic-territorial units subordinate to administrative-management institutions appears as one of the main tasks. The values of alternative indicators reflecting socio-economic development may differ, which makes it difficult to unambiguously assess the importance of the indicators. The applied available methods are either too receptive or does not provide sufficient accuracy. The proposed FARE-M methodology for determining the importance of indicators is the prolongation of the technique for establishing the importance of FARE (Factor Relationship) weights already used for research purposes. The employed technique is based on the internal balance of system elements that is the essential systemic feature. This allows, unlike in the case of the AHP method, the weights of the indicators to be determined with reference to the first row of the data matrix only

Suggested Citation

  • Romualdas GINEVICIUS & Katarzyna SZCZEPANSKAWOSZCZYNA & Marek SZARUCKI & Andrius STASIUKYNAS, 2021. "Assessing Alternatives To The Development Of Administrativeeconomic Units Applying The Fare-M Method," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2021(36), pages 6-24, June.
    • Handle: RePEc:rom:rampas:v:2021:y:2021:i:36:p:6-24
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    References listed on IDEAS

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    2. Ane-Mari ANDRONICEANU & Jani KINNUNEN & Irina GEORGESCU, 2021. "Entrepreneurial Motivations To Start New Businesses: A Panel Data Analysis," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(1), pages 479-491, November.
    3. Snežana Tadić & Mladen Krstić & Miloš Veljović & Olja Čokorilo & Milica Milovanović, 2024. "Risk Analysis of the Use of Drones in City Logistics," Mathematics, MDPI, vol. 12(8), pages 1-17, April.
    4. Wenqun Gao & Yang Chen & Shaorui Xu & Oleksii Lyulyov & Tetyana Pimonenko, 2023. "The Role of Population Aging in High-Quality Economic Development: Mediating Role of Technological Innovation," SAGE Open, , vol. 13(4), pages 21582440231, October.
    5. Jasim Gshayyish Zwaid & Hayder Basim Kareem & Rajaa Ali Abed & Kies Fatima, 2023. "Implementation of accounting information systems and information technology (IT) in the sustainability of the developed economic units," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 4(13 (124)), pages 79-86, August.

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    More about this item

    Keywords

    administrative-management institutions; socio-economic development of economic-territorial units; multi-criteria methods.;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption

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