Decision Making Methods in Comparative Studies of Complex Economic Processes Management

  • Kesra Nermend Department of Computational Methods in Experimental Economics, Faculty of Economics and Management, Institute of IT in Management, University of Szczecin, Mickiewicza 64, Szczecin 71-101, Poland
  • Mateusz Piwowarski Department of Computational Methods in Experimental Economics, Faculty of Economics and Management, Institute of IT in Management, University of Szczecin, Mickiewicza 64, Szczecin 71-101, Poland
  • Mariusz Borawski Department of Multimedia Systems, Faculty of Computer Science and Information Technology, West Pomeranian University of Technology Szczecin, Żołnierska 49, 71-210 Szczecin, Poland
Keywords: multidimensional comparative analysis, multi-criteria analysis methods, VMCM, PVM

Abstract

In this study different methodological approaches are used and described by many features (indicators) of complex socio-economic process. Outcome of analysis has the most reliable and acceptable representation of the studied process specific to chosen case. In order to solve problems in this area (depending on the situation, case under consideration), methods from two groups are most often used: multidimensional comparative analysis and multi-criteria decision analysis. The first of these cases concern problems at the macro level (socio-economic development, demographic situation, population's living standards, etc.), in which the decisionmaker's participation is relatively small (eg the selection of diagnostic variables or expert assessment). The second of these groups include issues in which the decisionmaker's participation is significant which are subjective to the decisions taken and reflects his or her preferences. Among the decision support methods, one can also distinguish those that have both the characteristics of methods from the area of multidimensional comparative analysis and multi-criteria decision analysis. The article presents the combination of both trends exposing maximum possibilities of using selected methods used in the decision making by Polish schools. The general methodological assumptions, advantages of having approaches discussed (in relation to other known methods) as well as the applied aspects (exemplary applications) also presented.

Published
2020-03-28
How to Cite
NermendK., PiwowarskiM., & BorawskiM. (2020). Decision Making Methods in Comparative Studies of Complex Economic Processes Management. Iraqi Journal of Science, 61(3), 652-664. https://doi.org/10.24996/ijs.2020.61.3.22
Section
Computer Science