TY  - JOUR
AU  - Ranđelović, Milan
AU  - Stanković, Jelena
AU  - Kuk, Kristijan
AU  - Savić, Gordana
AU  - Ranđelović, Dragan
PY  - 2018
UR  - http://jakov.kpu.edu.rs/handle/123456789/845
AB  - One of the key problems in the application of multicriteria analysis methods is identifying the importance of the model criteria. The relevance and validity of the decisions are directly conditioned by the relevance of a given set of criteria used for evaluating alternatives, and the correct determination of the weights of these criteria. Several methodologies have been developed to calculate the importance of each criterion for a given problem. All methodologies are classified into two main groups: subjective and objective. In this paper, we present a new procedure to integrate two recognized methods for determining the weights of factors-the analytic hierarchy method as a subjective method and entropy as an objective method. We apply our methodology to a contemporary local economic problem in Serbia-the process of certifying cities and municipalities as favorable to business. We also discuss its implementation in a software tool on a local government website.
PB  - Informs, Catonsville
T2  - Interfaces
T1  - An Approach to Determining the Importance of Model Criteria in Certifying a City as Business-Friendly
VL  - 48
IS  - 2
SP  - 156
EP  - 165
DO  - 10.1287/inte.2017.0923
ER  - 

@article{
author = "Ranđelović, Milan and Stanković, Jelena and Kuk, Kristijan and Savić, Gordana and Ranđelović, Dragan",
year = "2018",
abstract = "One of the key problems in the application of multicriteria analysis methods is identifying the importance of the model criteria. The relevance and validity of the decisions are directly conditioned by the relevance of a given set of criteria used for evaluating alternatives, and the correct determination of the weights of these criteria. Several methodologies have been developed to calculate the importance of each criterion for a given problem. All methodologies are classified into two main groups: subjective and objective. In this paper, we present a new procedure to integrate two recognized methods for determining the weights of factors-the analytic hierarchy method as a subjective method and entropy as an objective method. We apply our methodology to a contemporary local economic problem in Serbia-the process of certifying cities and municipalities as favorable to business. We also discuss its implementation in a software tool on a local government website.",
publisher = "Informs, Catonsville",
journal = "Interfaces",
title = "An Approach to Determining the Importance of Model Criteria in Certifying a City as Business-Friendly",
volume = "48",
number = "2",
pages = "156-165",
doi = "10.1287/inte.2017.0923"
}

Ranđelović, M., Stanković, J., Kuk, K., Savić, G.,& Ranđelović, D.. (2018). An Approach to Determining the Importance of Model Criteria in Certifying a City as Business-Friendly. in Interfaces
Informs, Catonsville., 48(2), 156-165.
https://doi.org/10.1287/inte.2017.0923

Ranđelović M, Stanković J, Kuk K, Savić G, Ranđelović D. An Approach to Determining the Importance of Model Criteria in Certifying a City as Business-Friendly. in Interfaces. 2018;48(2):156-165.
doi:10.1287/inte.2017.0923 .

Ranđelović, Milan, Stanković, Jelena, Kuk, Kristijan, Savić, Gordana, Ranđelović, Dragan, "An Approach to Determining the Importance of Model Criteria in Certifying a City as Business-Friendly" in Interfaces, 48, no. 2 (2018):156-165,
https://doi.org/10.1287/inte.2017.0923 . .

TY  - JOUR
AU  - Ranđelović, Dragan
AU  - Stanković, Jelena
AU  - Anđelković-Pešić, Marija
AU  - Ranđelović, Milan
PY  - 2013
UR  - http://jakov.kpu.edu.rs/handle/123456789/523
AB  - Due to the global phenomenon of competitiveness, which is also present among the cities and municipalities, there is a need to evaluate the cities' strength and potential, or to estimate their value. Aswell as in case of enterprises, the value of cities and municipalities has to be expressed in certain numbers, since this enables their benchmarking, over the time and with competitors. One of the most popular methodologies for evaluating the competitiveness of cities and municipalities is the one introduced by NALED. It includes twelve criteria that cities and municipalities have to satisfy in certain percentage (at least 75%). However, the practice has shown that the successfulness of so far certified cities and municipalities in Serbia is not the same (measured by the sum of attracted direct investments). Therefore the need for the identification of the importance of certification criteria has appeared. The aim of this paper is to check whether all criteria are equally important and to point out the most important criteria for efficiently attracting direct investments. The AHP method is used to determine the weights in the multi-criteria model and the results have shown that NALED's methodology can be and should be improved.
T2  - Management - časopis za teoriju i praksu menadžmenta
T1  - Application of AHP method in cities' certification process
VL  - 18
IS  - 69
SP  - 75
EP  - 84
UR  - https://hdl.handle.net/21.15107/rcub_jakov_523
ER  - 

@article{
author = "Ranđelović, Dragan and Stanković, Jelena and Anđelković-Pešić, Marija and Ranđelović, Milan",
year = "2013",
abstract = "Due to the global phenomenon of competitiveness, which is also present among the cities and municipalities, there is a need to evaluate the cities' strength and potential, or to estimate their value. Aswell as in case of enterprises, the value of cities and municipalities has to be expressed in certain numbers, since this enables their benchmarking, over the time and with competitors. One of the most popular methodologies for evaluating the competitiveness of cities and municipalities is the one introduced by NALED. It includes twelve criteria that cities and municipalities have to satisfy in certain percentage (at least 75%). However, the practice has shown that the successfulness of so far certified cities and municipalities in Serbia is not the same (measured by the sum of attracted direct investments). Therefore the need for the identification of the importance of certification criteria has appeared. The aim of this paper is to check whether all criteria are equally important and to point out the most important criteria for efficiently attracting direct investments. The AHP method is used to determine the weights in the multi-criteria model and the results have shown that NALED's methodology can be and should be improved.",
journal = "Management - časopis za teoriju i praksu menadžmenta",
title = "Application of AHP method in cities' certification process",
volume = "18",
number = "69",
pages = "75-84",
url = "https://hdl.handle.net/21.15107/rcub_jakov_523"
}

Ranđelović, D., Stanković, J., Anđelković-Pešić, M.,& Ranđelović, M.. (2013). Application of AHP method in cities' certification process. in Management - časopis za teoriju i praksu menadžmenta, 18(69), 75-84.
https://hdl.handle.net/21.15107/rcub_jakov_523

Ranđelović D, Stanković J, Anđelković-Pešić M, Ranđelović M. Application of AHP method in cities' certification process. in Management - časopis za teoriju i praksu menadžmenta. 2013;18(69):75-84.
https://hdl.handle.net/21.15107/rcub_jakov_523 .

Ranđelović, Dragan, Stanković, Jelena, Anđelković-Pešić, Marija, Ranđelović, Milan, "Application of AHP method in cities' certification process" in Management - časopis za teoriju i praksu menadžmenta, 18, no. 69 (2013):75-84,
https://hdl.handle.net/21.15107/rcub_jakov_523 .

TY  - JOUR
AU  - Ranđelović, Dragan
AU  - Stanković, Jelena
AU  - Janković-Milić, Vesna
AU  - Stanković, Jovica
PY  - 2013
UR  - http://jakov.kpu.edu.rs/handle/123456789/519
AB  - One of the crucial problems in decision making process is to assess the relative importance or weights of different attributes. This paper presents an objective methodology to determine relative criteria weights, which is based on factor analysis especially principal components analysis. According to the methodology, represented in this paper, there is a possibility to determine weight coefficients from Kaiser-Meyer-Olkin measure and from squared factor loadings.
PB  - Editura Stiintifica Fmr, Bucharest
T2  - Metalurgia international
T1  - Weight coefficents determination based on parameters in factor analysis
VL  - 18
IS  - 3
SP  - 128
EP  - 131
UR  - https://hdl.handle.net/21.15107/rcub_jakov_519
ER  - 

@article{
author = "Ranđelović, Dragan and Stanković, Jelena and Janković-Milić, Vesna and Stanković, Jovica",
year = "2013",
abstract = "One of the crucial problems in decision making process is to assess the relative importance or weights of different attributes. This paper presents an objective methodology to determine relative criteria weights, which is based on factor analysis especially principal components analysis. According to the methodology, represented in this paper, there is a possibility to determine weight coefficients from Kaiser-Meyer-Olkin measure and from squared factor loadings.",
publisher = "Editura Stiintifica Fmr, Bucharest",
journal = "Metalurgia international",
title = "Weight coefficents determination based on parameters in factor analysis",
volume = "18",
number = "3",
pages = "128-131",
url = "https://hdl.handle.net/21.15107/rcub_jakov_519"
}

Ranđelović, D., Stanković, J., Janković-Milić, V.,& Stanković, J.. (2013). Weight coefficents determination based on parameters in factor analysis. in Metalurgia international
Editura Stiintifica Fmr, Bucharest., 18(3), 128-131.
https://hdl.handle.net/21.15107/rcub_jakov_519

Ranđelović D, Stanković J, Janković-Milić V, Stanković J. Weight coefficents determination based on parameters in factor analysis. in Metalurgia international. 2013;18(3):128-131.
https://hdl.handle.net/21.15107/rcub_jakov_519 .

Ranđelović, Dragan, Stanković, Jelena, Janković-Milić, Vesna, Stanković, Jovica, "Weight coefficents determination based on parameters in factor analysis" in Metalurgia international, 18, no. 3 (2013):128-131,
https://hdl.handle.net/21.15107/rcub_jakov_519 .