Assessing the performance of the construction sectors in the Baltic states and Poland
| Autor: | Edmundas Kazimieras Zavadskas, Valentinas Podvezko, Simona Kildienė |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
market indicators
entropy method CILOS method lcsh:Economic theory. Demography assessing MCDM 0211 other engineering and technologies 02 engineering and technology 021001 nanoscience & nanotechnology Business development lcsh:HB1-3840 IDOCRIW method Agricultural science construction sector Decision making methods 021105 building & construction Evaluation methods Economics 0210 nano-technology General Economics Econometrics and Finance |
| Zdroj: | Panoeconomicus, Vol 64, Iss 4, Pp 493-512 (2017) |
| ISSN: | 2217-2386 1452-595X |
| Popis: | The paper describes the evaluation of the construction market performance in three Baltic states, including Estonia, Latvia, Lithuania and Poland, based on using structural statistical criteria. The evaluation covers various periods of time, embracing the time before the economic crisis, in 2007, during the economic crisis, in 2009, and after the economic crisis, in 2013. For assessing the efficiency of their construction sectors’ performance, the investigated countries are arranged in the order of preference according to this indicator by using three multiple-criteria decision making methods (MCDM), such as SAW, TOPSIS and COPRAS. These evaluation methods are based on determining the weights of the structural criteria used. For this purpose, three various methods, including the entropy, the method of the criteria impact loss (CILOS) and a new method of determining the objective criteria weights (IDOCRIW) suggested by the authors. The results obtained allowed the researchers to assess the construction market performance in the considered states in various periods of time, to compare them with other countries and to rank them based on this parameter. Therefore, the suggested method of market performance evaluation may be used as an effective supplementary aid for determining the priorities in the future business development, as well as for studying the competitive markets or directing the cash flows of an enterprise to the appropriate areas. Key words: Construction sector, Market indicators, Assessing MCDM, Entropy method, CILOS method, IDOCRIW method.JEL: C44, C51, N60. U radu je opisana procena ucinka građevinskog tržista u tri balticke države, ukljucujuci Estoniju, Latviju, Litvaniju i Poljsku, na osnovu koriscenja strukturnih statistickih kriterijuma. Procena pokriva razlicite vremenske periode, koji obuhvata vreme pre ekonomske krize, u 2007. godini, tokom ekonomske krize, u 2009. godini, i nakon ekonomske krize, u 2013 godini. Za procenu efikasnosti ucinka građevinskog sektora, zemlje od interesa su poređane prema redosledu preferencije prema ovom indikatoru koriscenjem tri visekriterijumske metode donosenja odluka (MCDM), kao sto su SAW, TOPSIS i COPRAS. Ove metode procene se zasnivaju na određivanju težine koriscenih strukturnih kriterijuma. U tu svrhu, tri razlicite metode, ukljucujuci metod entropije, metod kriterijuma uticaja gubitka (CILOS) i novi metod određivanja težine ciljnih kriterijuma (IDOCRIV) su predloženi od strane autora. Dobijeni rezultati su omogucili istraživacima da u razlicitim vremenskim intervalima procenjuju performanse građevinskog tržista u razmatranim državama, da ih uporede sa drugim zemljama i da ih rangiraju na osnovu ovog parametra. Zbog toga, predloženi metod vrednovanja tržisnog ucinka može se koristiti kao delotvorna dopunska metoda za određivanje prioriteta u buducem razvoju poslovanja, kao i za proucavanje konkurentnih tržista ili usmeravanje gotovinskih tokova preduzeca u odgovarajuce oblasti. Kljucne reci: Građevinski sektor, tržisni indikatori, procena MCDM, metod entropije, CILOS metoda, IDOCRIW metoda. |
| Databáze: | OpenAIRE |
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