Management of the Formation of Rating Preferences of Economic Entities upon Collective Choice

Yury D. Motorygin, Vladimir S. Artamonov, Alexander V. Maximov, Elena N. Trofimets and Valeriy Y. Trofimets
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Yury D. Motorygin: Saint Petersburg University of State Fire Service of EMERCOM of Russia, 149, Moskovsky Avenue, Saint Petersburg, 196105, Russia
Vladimir S. Artamonov: Russian Ministry for Civil Defense, Emergencies and Elimination of Consequences of Natural Disasters, Teatralny prospect, 3., Moscow, 109012, Russia,
Alexander V. Maximov: Saint Petersburg University of State Fire Service of EMERCOM of Russia, 149, Moskovsky Avenue, Saint Petersburg, 196105, Russia,
Elena N. Trofimets: Saint Petersburg University of State Fire Service of EMERCOM of Russia, 149, Moskovsky Avenue, Saint Petersburg, 196105, Russia
Valeriy Y. Trofimets: Saint Petersburg University of State Fire Service of EMERCOM of Russia, 149, Moskovsky Avenue, Saint Petersburg, 196105, Russia

International Journal of Economics and Financial Issues, 2016, vol. 6, issue 4, 1956-1964

Abstract: The applicability of a set of methods in the case of obtaining mixed results of the final ranking of economic entities in the process of their rating assessment has been substantiated. A new method of the formation of rating preferences upon collective choice has been proposed. The methodology is based on the following: An information base in the form of a summary table of ratings of compared entities; a procedure for the formation of rating preferences based on a rank-sum (or arithmetic means of ranks); a procedure for the formation of rating preferences with the joint application of rating arithmetic means and position indicators; a procedure for the formation of rating preferences using the Kemeny median. The proposals for the calculation of weighting factors of the voting procedures and modification of the procedure for profiling the preferences using the Kemeny median have been made. An algorithm for the use of the proposed method has been developed. Methodology testing has been conducted upon the rating assessment of the financial and economic condition of industrial enterprises

Keywords: System Analysis; Management of Economic Systems; Economic-mathematical Modeling; Rating Assessment; Financial and Economic Condition (search for similar items in EconPapers)
JEL-codes: P40 P49 (search for similar items in EconPapers)
Date: 2016
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