Topsis Method and its Application to the Local Selfgovernment of the Slovak Republic
Topsis Method and its Application to the Local Selfgovernment of the Slovak Republic
Author(s): Roman Vavrek, Rastislav Kotulic, Peter AdamišinSubject(s): National Economy, Business Economy / Management, Governance, Methodology and research technology, Law on Economics, Accounting - Business Administration
Published by: Reprograph
Keywords: MCDM methods; TOPSIS technique; municipality; Presov Self-Governing Region;
Summary/Abstract: The economy of municipalities in the Slovak Republic is regulated by a law that regards the indebtedness of municipalities as the only and the most important criterion. The aim of the paper is to propose an alternative to the legal perspective on the evaluation of the municipality economy. The paper focuses on the characterization of the chosen MCDM method – the TOPSIS method as a suitable alternative for the complex evaluation of the municipalities’ economy and their mutual comparison. This method is applied to a set of municipalities in the Presov Self- Governing Region in 13 independent districts aiming at ranking municipalities based on their economy according to selected criteria. Results of the application are further statistically studied focusing on the identification of the correlation between the result achieved and the size of the municipality.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: IX/2014
- Issue No: 29
- Page Range: 506-514
- Page Count: 9
- Language: English