Multi-criteria technologies for managerial decisions system analysis

Anatolii Nykyforov (), Olena Sushchenko (), Mariana Petrova () and Nataliia Pohuda ()
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Anatolii Nykyforov: Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine
Olena Sushchenko: Simon Kuznets Kharkiv National University of Economics, Kharkiv, Ukraine
Mariana Petrova: St. Cyril and St. Methodius University of Veliko Tarnovo, Veliko Tarnovo, Bulgaria
Nataliia Pohuda: Simon Kuznets Kharkiv National University of Economics, Kharkiv, Ukraine

Access Journal, 2021, vol. 2, issue 2, 150-161

Abstract: The article is devoted to the systems analysis technologies application in the sphere of managerial decisions selection in economic growth based performance criteria using different optimality principles. The modern practice of public administration faces the problem of choosing a solution based on a few or multiple criteria in conditions of economic growth. The scientific problem of new systems analysis technologies workability that make it possible to justify managerial decisions using several optimality principles is actualized. The developing a methodology for substantiating managerial decisions of public authorities and local self-government, which could be used by both bodies, is grounded. Conditions of uncertainty in economic growth arise due to the influence of uncontrollable factors on the effectiveness of managerial decisions is noted. The use of the principles of optimism, pessimism, guaranteed results, guaranteed losses, minimax risk (Savage principle) for the systematic justification of managerial decisions is proposed. The use of multi-criteria models in economic growth enables to reasonably choose the optimal solution is grounded. Multi-criteria optimization as a system analysis technology for the most effective choice of project under uncertainty is used. An example of optimal choice of local authorities for the project of public-private partnership in the sphere of investment in infrastructure development as an important area of economic growth is given

Keywords: principle; optimality; multi-criteria; managerial decision; economic growth (search for similar items in EconPapers)
JEL-codes: M37 Z32 Z39 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aip:access:v:2:y:2021:i:2:p:150-161

DOI: 10.46656/access.2021.2.2(3)

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