ASSESSING ALTERNATIVES TO THE DEVELOPMENT OF ADMINISTRATIVEECONOMIC UNITS APPLYING THE FARE-M METHOD

Romualdas Ginevicius (), Katarzyna Szczepanskawoszczyna (), Marek Szarucki () and Andrius Stasiukynas ()
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Romualdas Ginevicius: Bialystok University of Technology, Poland
Katarzyna Szczepanskawoszczyna: Akademia WSB, Poland
Marek Szarucki: , Cracow University of Economy, Poland
Andrius Stasiukynas: Kazimieras Simonavicius University, Lithuania

REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, 2021, vol. 2021, issue 36, 6-24

Abstract: The socio-economic development of economic-territorial units subordinate to administrative-management institutions appears as one of the main tasks. The values of alternative indicators reflecting socio-economic development may differ, which makes it difficult to unambiguously assess the importance of the indicators. The applied available methods are either too receptive or does not provide sufficient accuracy. The proposed FARE-M methodology for determining the importance of indicators is the prolongation of the technique for establishing the importance of FARE (Factor Relationship) weights already used for research purposes. The employed technique is based on the internal balance of system elements that is the essential systemic feature. This allows, unlike in the case of the AHP method, the weights of the indicators to be determined with reference to the first row of the data matrix only

Keywords: administrative-management institutions; socio-economic development of economic-territorial units; multi-criteria methods. (search for similar items in EconPapers)
JEL-codes: C51 D73 H11 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (5)

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