A Multicriteria Decision Aid-Based Model for Measuring the Efficiency of Business-Friendly Cities
Local self-government has the task of enabling stable economic development, in addition to enabling a normal quality of life for citizens. This is why the state government should provide guidelines that will improve the local business climate, and by doing so enable local economic development. This...
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doaj-7558dd67ec3c4a7da0354cfd984e05842020-11-25T02:52:00ZengMDPI AGSymmetry2073-89942020-06-01121025102510.3390/sym12061025A Multicriteria Decision Aid-Based Model for Measuring the Efficiency of Business-Friendly CitiesMihailo Jovanović0Slobodan Nedeljković1Milan Ranđelović2Gordana Savić3Vladica Stojanović4Vladimir Stojanović5Dragan Ranđelović6Office for Information Technologies and e-Government, Government of the Republic of Serbia, 11221 Belgrade, SerbiaMinistry of Interior, Government of the Republic of Serbia, 11221 Belgrade, SerbiaScience Technology Park, 18000 Niš, SerbiaFaculty of Organizational Sciences, University of Belgrade, 11221 Belgrade, SerbiaFaculty of Sciences and Mathematics, University of Criminal Investigation and Police Studies, 11221 Belgrade, SerbiaAcademy for National Security, 11221 Belgrade, SerbiaFaculty of Diplomacy and Security, University Union-Nikola Tesla, 11221 Belgrade, SerbiaLocal self-government has the task of enabling stable economic development, in addition to enabling a normal quality of life for citizens. This is why the state government should provide guidelines that will improve the local business climate, and by doing so enable local economic development. This can be done through the introduction of a business-friendly certification procedure, which is influenced by uncertain inputs and influences many output factors. Each local government has the important task of determining its rank of efficiency in this process. A number of methodologies developed to solve this problem are generally divided into two groups: Parametric and non-parametric. These two groups of methodologies could provide quite different results. Therefore, the purpose of this paper was to create a model using both approaches to achieve a balanced symmetrical approach that produces better results than each approach individually. For this purpose, the paper describes a multicriteria decision aid-based model of optimization to evaluate the effectiveness of this process, integrating classification, data envelopment analysis, and stochastic frontier analysis, as well as its application in a case study of business-friendly certification in the Republic of Serbia.https://www.mdpi.com/2073-8994/12/6/1025MCDAefficiencyDEASFAclassificationdimensionality reduction |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Mihailo Jovanović Slobodan Nedeljković Milan Ranđelović Gordana Savić Vladica Stojanović Vladimir Stojanović Dragan Ranđelović |
spellingShingle |
Mihailo Jovanović Slobodan Nedeljković Milan Ranđelović Gordana Savić Vladica Stojanović Vladimir Stojanović Dragan Ranđelović A Multicriteria Decision Aid-Based Model for Measuring the Efficiency of Business-Friendly Cities Symmetry MCDA efficiency DEA SFA classification dimensionality reduction |
author_facet |
Mihailo Jovanović Slobodan Nedeljković Milan Ranđelović Gordana Savić Vladica Stojanović Vladimir Stojanović Dragan Ranđelović |
author_sort |
Mihailo Jovanović |
title |
A Multicriteria Decision Aid-Based Model for Measuring the Efficiency of Business-Friendly Cities |
title_short |
A Multicriteria Decision Aid-Based Model for Measuring the Efficiency of Business-Friendly Cities |
title_full |
A Multicriteria Decision Aid-Based Model for Measuring the Efficiency of Business-Friendly Cities |
title_fullStr |
A Multicriteria Decision Aid-Based Model for Measuring the Efficiency of Business-Friendly Cities |
title_full_unstemmed |
A Multicriteria Decision Aid-Based Model for Measuring the Efficiency of Business-Friendly Cities |
title_sort |
multicriteria decision aid-based model for measuring the efficiency of business-friendly cities |
publisher |
MDPI AG |
series |
Symmetry |
issn |
2073-8994 |
publishDate |
2020-06-01 |
description |
Local self-government has the task of enabling stable economic development, in addition to enabling a normal quality of life for citizens. This is why the state government should provide guidelines that will improve the local business climate, and by doing so enable local economic development. This can be done through the introduction of a business-friendly certification procedure, which is influenced by uncertain inputs and influences many output factors. Each local government has the important task of determining its rank of efficiency in this process. A number of methodologies developed to solve this problem are generally divided into two groups: Parametric and non-parametric. These two groups of methodologies could provide quite different results. Therefore, the purpose of this paper was to create a model using both approaches to achieve a balanced symmetrical approach that produces better results than each approach individually. For this purpose, the paper describes a multicriteria decision aid-based model of optimization to evaluate the effectiveness of this process, integrating classification, data envelopment analysis, and stochastic frontier analysis, as well as its application in a case study of business-friendly certification in the Republic of Serbia. |
topic |
MCDA efficiency DEA SFA classification dimensionality reduction |
url |
https://www.mdpi.com/2073-8994/12/6/1025 |
work_keys_str_mv |
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