IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxiiy2019i3p215-230.html
   My bibliography  Save this article

Multi-Criteria Assessment of the Company's Location Selection: A Dynamic Approach

Author

Listed:
  • Mateusz Piwowarski
  • Danuta Miłaszewicz
  • Małgorzata Łatuszyńska
  • Kesra Nermend

Abstract

Purpose: The aim of the study is to present multi-criteria Vector Measure Construction Method (VMCM), which enables the construction of aggregate measures, the creation of rankings, classifications and the investigation of change dynamics. Design/Methodology/Approach: The VMCM is used to build the measure (in dynamic terms) for the purpose of assessing the friendliness of EU countries in the context of supporting investors in the selection of locations for newly established enterprises. Findings: Not all multi-criteria methods give the opportunity to study the dynamics of change. The VMCM allows taking into account objects from outside the sample, which are better than the pattern (the measure is not limited, neither from the bottom nor from the top). Practical Implications: The solution proposed allows to assess the investment friendliness of individual country and compare countries (objects) with each other in different sections of time. Originality/Value: The VMCM allows to eliminate the limitations of the other multi-criteria methods in making rankings, classifications of objects and the analysis of the change dynamics.

Suggested Citation

  • Mateusz Piwowarski & Danuta Miłaszewicz & Małgorzata Łatuszyńska & Kesra Nermend, 2019. "Multi-Criteria Assessment of the Company's Location Selection: A Dynamic Approach," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 215-230.
  • Handle: RePEc:ers:journl:v:xxii:y:2019:i:3:p:215-230
    as

    Download full text from publisher

    File URL: https://www.ersj.eu/journal/1467/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marco Caliendo & Alexander S. Kritikos, 2008. "Is Entrepreneurial Success Predictable? An Ex‐Ante Analysis of the Character‐Based Approach," Kyklos, Wiley Blackwell, vol. 61(2), pages 189-214, May.
    2. Kesra Nermend, 2009. "Vector Calculus in Regional Development Analysis," Contributions to Economics, Springer, number 978-3-7908-2179-6, November.
    3. Nadia Simoes & Nuno Crespo & Sandrina B. Moreira, 2016. "Individual Determinants Of Self-Employment Entry: What Do We Really Know?," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 783-806, September.
    4. Milo Bianchi & Magnus Henrekson, 2005. "Is Neoclassical Economics still Entrepreneurless?," Kyklos, Wiley Blackwell, vol. 58(3), pages 353-377, July.
    5. Jean Dubé & Cédric Brunelle & Diègo Legros, 2016. "Location Theories and Business Location Decision: A Micro-Spatial Investigation of a Nonmetropolitan Area in Canada," The Review of Regional Studies, Southern Regional Science Association, vol. 46(2), pages 143-170, Summer.
    6. Esther Hormiga PEREZ & Rosa M. Batista CANINO, 2009. "The Importance of the Entrepreneur’s Perception of Success," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(5), pages 990-1010, December.
    7. Sierdjan Koster & Charlie Karlsson, 2010. "New Firm Formation and Economic Development in a Globalizing Economy," Chapters, in: Charlie Karlsson & Börje Johansson & Roger R. Stough (ed.), Entrepreneurship and Regional Development, chapter 3, Edward Elgar Publishing.
    8. World Bank, 2019. "Doing Business 2019," World Bank Publications - Books, The World Bank Group, number 30438, December.
    9. Karlsson, Charlie & Johansson, Börje & Stough, Roger, 2009. "Entrepreneurship and Development - local processes and global patterns," Working Paper Series in Economics and Institutions of Innovation 160, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    10. Diego Legros & Cédric Brunelle & Jean Dubé, 2016. "Location Theories and Business Location Decisions : A Micro-Spatial Investigation from Canada," Post-Print hal-01338193, HAL.
    11. Opricovic, Serafim & Tzeng, Gwo-Hshiung, 2004. "Compromise solution by MCDM methods: A comparative analysis of VIKOR and TOPSIS," European Journal of Operational Research, Elsevier, vol. 156(2), pages 445-455, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Elena-Loreni Baciu & Delia Vîrgă & Theofild-Andrei Lazăr, 2020. "What Characteristics Help Entrepreneurs ‘Make It’ Early on in Their Entrepreneurial Careers? Findings of a Regional Study from Romania," Sustainability, MDPI, vol. 12(12), pages 1-27, June.
    2. Ioannis BARAKLIANOS & Louafi BOUZOUINA & Patrick BONNEL, 2018. "The impact of accessibility on the location choices of the business services. Evidence from Lyon urban area," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 48, pages 85-104.
    3. Mateusz Piwowarski & Danuta Miłaszewicz & Małgorzata Łatuszyńska & Mariusz Borawski & Kesra Nermend, 2018. "Application of the Vector Measure Construction Method and Technique for Order Preference by Similarity Ideal Solution for the Analysis of the Dynamics of Changes in the Poverty Levels in the European ," Sustainability, MDPI, vol. 10(8), pages 1-24, August.
    4. Hongyu Ma & Federico Topolansky Barbe & Yongmei Carol Zhang, 2018. "Can Social Capital and Psychological Capital Improve the Entrepreneurial Performance of the New Generation of Migrant Workers in China?," Sustainability, MDPI, vol. 10(11), pages 1-16, October.
    5. Mateusz Piwowarski & Mariusz Borawski & Kesra Nermend, 2021. "The Problem of Non-Typical Objects in the Multidimensional Comparative Analysis of the Level of Renewable Energy Development," Energies, MDPI, vol. 14(18), pages 1-24, September.
    6. Charlie Karlsson & Peter Warda, 2014. "Entrepreneurship and innovation networks," Small Business Economics, Springer, vol. 43(2), pages 393-398, August.
    7. Jean-Marie Nkongolo-Bakenda & Elie Chrysostome, 2013. "Engaging diasporas as international entrepreneurs in developing countries: In search of determinants," Journal of International Entrepreneurship, Springer, vol. 11(1), pages 30-64, March.
    8. Stanley Tweyman, 2022. "The Two Truths that Descartes Discovers in His Meditations on First Philosophy that Do Not Require the Divine Guarantee," European Journal of Social Sciences Articles, Revistia Research and Publishing, vol. 5, January -.
    9. Yongming Song & Jun Hu, 2017. "Vector similarity measures of hesitant fuzzy linguistic term sets and their applications," PLOS ONE, Public Library of Science, vol. 12(12), pages 1-13, December.
    10. Yi Peng, 2015. "Regional earthquake vulnerability assessment using a combination of MCDM methods," Annals of Operations Research, Springer, vol. 234(1), pages 95-110, November.
    11. Erik Stam, 2010. "Entrepreneurship, Evolution and Geography," Chapters, in: Ron Boschma & Ron Martin (ed.), The Handbook of Evolutionary Economic Geography, chapter 6, Edward Elgar Publishing.
    12. Nahapetyan Yervand, 2019. "The benefits of the Velvet Revolution in Armenia: Estimation of the short-term economic gains using deep neural networks," Central European Economic Journal, Sciendo, vol. 53(6), pages 286-303, January.
    13. Milo Bianchi, 2012. "Financial Development, Entrepreneurship, and Job Satisfaction," The Review of Economics and Statistics, MIT Press, vol. 94(1), pages 273-286, February.
    14. Zheng, Guozhong & Wang, Xiao, 2020. "The comprehensive evaluation of renewable energy system schemes in tourist resorts based on VIKOR method," Energy, Elsevier, vol. 193(C).
    15. Lin, Sheng-Hau & Zhao, Xiaofeng & Wu, Jiuxing & Liang, Fachao & Li, Jia-Hsuan & Lai, Ren-Ji & Hsieh, Jing-Chzi & Tzeng, Gwo-Hshiung, 2021. "An evaluation framework for developing green infrastructure by using a new hybrid multiple attribute decision-making model for promoting environmental sustainability," Socio-Economic Planning Sciences, Elsevier, vol. 75(C).
    16. Erik Stam & Roy Thurik & Peter van der Zwan, 2010. "Entrepreneurial exit in real and imagined markets," Industrial and Corporate Change, Oxford University Press, vol. 19(4), pages 1109-1139, August.
    17. Milad Zamanifar & Seyed Mohammad Seyedhoseyni, 2017. "Recovery planning model for roadways network after natural hazards," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 87(2), pages 699-716, June.
    18. Pedro Ponce & Citlaly Pérez & Aminah Robinson Fayek & Arturo Molina, 2022. "Solar Energy Implementation in Manufacturing Industry Using Multi-Criteria Decision-Making Fuzzy TOPSIS and S4 Framework," Energies, MDPI, vol. 15(23), pages 1-19, November.
    19. N'dri, Lasme Mathieu & Kakinaka, Makoto, 2020. "Financial inclusion, mobile money, and individual welfare: The case of Burkina Faso," Telecommunications Policy, Elsevier, vol. 44(3).
    20. Mohit Jain & Gunjan Soni & Deepak Verma & Rajendra Baraiya & Bharti Ramtiyal, 2023. "Selection of Technology Acceptance Model for Adoption of Industry 4.0 Technologies in Agri-Fresh Supply Chain," Sustainability, MDPI, vol. 15(6), pages 1-20, March.

    More about this item

    Keywords

    Multidimensional Comparative Analysis (MCA); Multi-Criteria Decision Analysis (MCDA); VMCM; company location.;
    All these keywords.

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxii:y:2019:i:3:p:215-230. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.