PERFORMANCE OF THE ECONOMY OF VOJVODINA: EMPIRICAL ANALYSIS
PERFORMANCE OF THE ECONOMY OF VOJVODINA: EMPIRICAL ANALYSIS

Summary/Abstract: It is very challenging, continuously topical, significant and complex to research the performance of the economy, region, sector and company by applying, individually or integrated, different methods of multi-criteria decision-making. Bearing that in mind, this paper analyzes the performance dynamics of the economy of Vojvodina using the LMAW-DNMA method in order to improve it in the future by applying relevant measures. According to the results of the LMAW-DNMA method of selection and ranking of years according to the financial performance of the economy of Vojvodina in the period 2014–2021, it is as follows: 2021, 2020, 2018, 2019, 2017, 2016, 2015 and 2014. In the period 2014–2021, the best financial performances of the economy of Vojvodina were achieved in 2021 and the worst in 2014. Taken as a whole, the economy of Vojvodina is characterized by a continuous improvement in financial performance. Among other things, the effective management of critical business success factors (price, costs, time, quality, innovation and growth, etc.) contributed to this.

• Details
• Contents