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Criteria Method of Analytical Stochastic Procedure of Decision Making Support

Author

Listed:
  • Lapshyn Vladimir I.

    (Kharkiv Institute of Finance of the Ukrainian State University of Finance and International Trade)

  • Kuznichenko Vladimir M.

    (Kharkiv Institute of Finance of the Ukrainian State University of Finance and International Trade)

  • Stetsenko Tatyana V.

    (Kharkiv Institute of Finance of the Ukrainian State University of Finance and International Trade)

Abstract

The article develops a criteria method of analytical stochastic procedure for decision making when applying the method of paired comparison. It uses properties of the stochastic matrix. The offered procedure excludes ambiguity in decision making when a number of alternatives and criteria increase if compared with the method of hierarchy analysis. The article studies possibilities of application of this procedure for justification by authorities of decisions on realisation of new municipal loans in the context of managing the municipal debt. It shows that the developed method could be used when selecting object for budget investments.

Suggested Citation

  • Lapshyn Vladimir I. & Kuznichenko Vladimir M. & Stetsenko Tatyana V., 2013. "Criteria Method of Analytical Stochastic Procedure of Decision Making Support," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 7, pages 80-84.
    • Handle: RePEc:idp:bizinf:y:2013:i:7:p:80_84
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