Sensitivity and Robustness Analysis of Solutions Obtained in the European Projects' Ranking Process

• Autorzy: Dorota Górecka
• Języki publikacji: EN

Abstrakty

EN

After entering the European Union on 1 May 2004 Poland has become eligible to benefit from the EU Structural Funds and the Cohesion Fund and projects cofinanced by these means have become a crucial instrument supporting restructuring and modernization of Polish economy. Total financial assistance granted to Poland for the previous (2004-2006) and present (2007-2013) programming periods amounts to over 80 billion euro. An efficient allocation of these subsidies depends, among other things, on proper choice of projects that are going to be co-financed, which can be made with the aid of such multi-criteria techniques as ORESTE, EVAMIX, PROMETHEE II, EXPROM II or modified BIPOLAR method. In the paper sensitivity and robustness analysis of solutions obtained with the help of the above-mentioned methods will be carried out. It will enable to show the influence of the information delivered by the decision-makers and choices made by them during the decision aiding process on the final European projects' ranking. In a real-life example concerning this issue 16 applications for project co-financing by the European Regional Development Fund submitted to Measure 1.2 Environmental protection infrastructure in one of Polish voivodships in the programming period 2004- 2006 will be used. (original abstract)

Słowa kluczowe

EN

Multicriteria analysis; Investment decisions making; Methods of investment evaluation

PL

Analiza wielokryterialna; Podejmowanie decyzji inwestycyjnych; Metody oceny inwestycji

• Czasopismo: Multiple Criteria Decision Making / University of Economics in Katowice
• Rocznik: 2012
• Tom: 7
• Strony: 86--111

Twórcy

autor

Dorota Górecka

• Uniwersytet Mikołaja Kopernika w Toruniu

Bibliografia

• Brans J.P., Vincke Ph. (1985), A Preference Ranking Organization Method: The PROMETHEE Method for Multiple Criteria Decision-Making, "Management Science", No. 31.
• Brans J.P., Vincke Ph., Mareschal B. (1986), How to Select and How to Rank Projects: The PROMETHEE Method, "European Journal of Operational Research",No. 24.
• Diakoulaki D., Koumoutsos N. (1991), Cardinal Ranking of Alternative Actions: Extension of the PROMETHEE Method, "European Journal of Operational Research", No. 53.
• Dias L.C., Climaco J.N. (1999), On Computing ELECTRE's Credibility Indices under Partial Information, "Journal of Multi-Criteria Decision Analysis", No. 8.
• Figueira J., Mousseau V., Roy B. (2005), ELECTRE Methods, [in:] Multiple Criteria Decision Analysis: State of the Art Surveys, eds. J. Figueira, S. Greco, M. Ehrgott, Springer, New York.
• Figueira J., Roy B. (2002), Determining the Weights of Criteria in the ELECTRE Type Methods with a Revised Simos' Procedure, "European Journal of Operational Research", No. 139.
• Górecka D. (2009), Wielokryterialne wspomaganie wyboru projektów europejskich, TNOiK "Dom Organizatora", Toruń.
• Górecka D. (2010), Zastosowanie metod wielokryterialnych opartych na relacji przewyższania do oceny europejskich projektów inwestycyjnych, [in:] Metody i zastosowania badań operacyjnych'10, ed. M. Nowak, Wydawnictwo Uniwersytetu Ekonomicznego, Katowice.
• Górecka D. (2011a), Analiza wrażliwości i odporności rozwiązań w procesie selekcji projektów europejskich, [w:] Optymalizacja, klasyfikacja, logistyka. Przykłady zastosowań, red. J.B. Gajda, R. Jadczak, Wydawnictwo Uniwersytetu Łódzkiego, Łódź.
• Górecka D. (2011b), On the Choice of Method in Multi-criteria Decision Aiding Process Concerning European Projects, [in:] Multiple Criteria Decision Making'10-11, eds. T. Trzaskalik, T. Wachowicz, Publisher of The University of Economics in Katowice, Katowice.
• Górecka D., Pietrzak M.B. (2012), Zastosowanie metody PROMETHEE II w procesie rankingowania projektów europejskich w ramach Regionalnego Programu Operacyjnego Województwa Kujawsko-Pomorskiego na lata 2007-2013, [w:] Modelowanie preferencji a ryzyko'12, red. T. Trzaskalik, Wydawnictwo Uniwersytetu Ekonomicznego, Katowice.
• Hyde K.M., Maier H.R., Colby C.B. (2005), A Distance-based Uncertainty Analysis Approach to Multi-criteria Decision Analysis for Water Resource Decision- -making, "Journal of Environmental Management", No. 77.
• Kahneman D., Tversky A. (1979), Prospect Theory: An Analysis of Decision under Risk, "Econometrica", No. 47.
• Konarzewska-Gubała E. (1991), Wspomaganie decyzji wielokryterialnych: system BIPOLAR, Wydawnictwo Uczelniane Akademii Ekonomicznej, Wrocław.
• Leshno M., Levy H. (2002), Preferred by "All" and Preferred by "Most" Decision Makers: Almost Stochastic Dominance, "Management Science", No. 48.
• Lootsma F.A., Mensch T.C.A., Vos F.A. (1990), Multi-criteria Analysis and Budget Reallocation in Long-term Research Planning, "European Journal of Operational Research", No. 47.
• Nowak M. (2005), Investments Projects Evaluation by Simulation and Multiple Criteria Decision Aiding Procedure, "Journal of Civil Engineering and Management", No. 11.
• Olson D.L., G. Fliedner, K. Currie (1995), Comparison of the REMBRANDT system with Analytic Hierarchy Process, "European Journal of Operational Research", No. 82.
• Roubens M. (1982), Preference Relations on Actions and Criteria in Multicriteria Decision Making, "European Journal of Operational Research", No. 10.
• Roy B. (1998), A Missing Link in Operational Research - Decision Aiding: Robustness Analysis, "Foundations of Computing and Decision Sciences", No. 23.
• Roy B., J. Hugonnard (1982), Ranking of Suburban Line Extension Projects on the Paris Metro System by a Multi-criteria Method, "Transportation Research", No. 16A.
• Saaty T.L. (2006), Fundamentals of Decision Making and Priority Theory with the Analytic Hierarchy Process, Vol. VI of the AHP Series, RWS Publications, Pittsburgh.
• Saaty T.L., Vargas L.G. (1991), The Logic of Priorities. Applications of the Analytic Hierarchy Process in Business, Energy, Health & Transportation, Vol. III of the AHP Series, RWS Publications, Pittsburgh.
• Spector Y., Leshno M., Ben Horin M. (1996), Stochastic Dominance in an Ordinal World, "European Journal of Operational Research", No. 93.
• Voogd H. (1982), Multicriteria Evaluation with Mixed Qualitative and Quantitative Data, "Environment and Planning B", No. 9.