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Evaluation and Ranking of the Financial Status of the Greek Rural Cooperatives Unions by a Decision Support System

Author

Listed:
  • Iliadis, L.
  • Koutroumanidis, T.
  • Arabatzis, Garyfallos

Abstract

The Rural Cooperatives Unions (RCUs) play a significant role in the development of the Greek rural sector, but they are facing significant organizing and administrative problems. The use of methods and techniques of the operational research by the RCUs may contribute significantly in making and supporting rational decisions. A Decision Support System (DSS) was developed that can provide very important services in the direction of evaluating the existing RCUs and forecasting their future financial performance. The system uses multicriteria analysis based on actual financial data and applies fundamental principles of fuzzy logic in order to achieve the forecasting of the future performance of the eight RCUs that are located in the region of Eastern Macedonia and Thrace (in North-Eastern Greece).

Suggested Citation

  • Iliadis, L. & Koutroumanidis, T. & Arabatzis, Garyfallos, 2004. "Evaluation and Ranking of the Financial Status of the Greek Rural Cooperatives Unions by a Decision Support System," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 5(1), January.
  • Handle: RePEc:ags:aergaa:26447
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    References listed on IDEAS

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    1. Fried, Harold O. & Lovell, C. A. Knox & Schmidt, Shelton S. (ed.), 1993. "The Measurement of Productive Efficiency: Techniques and Applications," OUP Catalogue, Oxford University Press, number 9780195072181.
    2. Bertrand Mareschal & Jean Pierre Brans & Philippe Vincke, 1986. "How to select and how to rank projects: the Prométhée method," ULB Institutional Repository 2013/9307, ULB -- Universite Libre de Bruxelles.
    3. Brans, J. P. & Vincke, Ph. & Mareschal, B., 1986. "How to select and how to rank projects: The method," European Journal of Operational Research, Elsevier, vol. 24(2), pages 228-238, February.
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    Keywords

    Agribusiness;

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