Project Management by Multimoora as an Instrument for Transition Economies / Projektų Vadyba Su Multimoora Kaip Priemonė Pereinamojo Laikotarpio Ūkiams

Abstract

The countries of Central and Eastern Europe moved from a previously centrally planned economy to a modern transition economy with strong market aspects. This paper proposes project management as an answer to this transition. Traditional Cost‐Benefit analysis does not respond to this purpose. Indeed Cost‐Benefit analysis is only interested in one specific project and not in a competition between projects. In addition all goals (objectives) have to be translated into money terms, leading sometimes to immoral consequences. On the contrary Multi‐Objective Optimization takes care of different objectives, whereas the objectives keep their own units. However different methods exist for the application of Multi‐Objective Optimization. The authors tested them after their robustness resulting in seven necessary conditions. MOORA (Multi‐Objective Optimization by Ratio analysis) and MULTIMOORA (MOORA plus Full Multiplicative Form), assisted by Ameliorated Nominal Group and Delphi Techniques, satisfy the seven conditions, although in a theoretical way. A simulation exercise illustrates the use of these methods, ideals to be strived for as much as possible. Santrauka Centrinės ir rytų Europos šalys perėjo iš anksčiau centralizuotai planuojamos ūkinės sistemos į šiuolaikinę pereinamąją ūkinę sistemą, kuriai būdingi ryškūs rinkos požymiai. Šiame straipsnyje siūloma projektų vadyba kaip atsakas į perėjimą. Įprastinė kainos ir naudos analizė tam tikslui yra netinkama. Be viso to, kainos ir naudos analizėje neatsižvelgiama į kiekvieną atskirai paimtą projektą bei į konkurenciją tarp tų projektų. Visi tikslai turi būti pakeisti piniginėmis vertėmis. Del to kartais kyla nepageidaujamų pasėkmių. Priešingai tam daugiatikslė optimizacija atsižvelgia į skirtingus tikslus, išsaugant tikslams būdingus mato vienetus. Yra daug įvairių daugiatikslės optimizacijos metodų. Autoriai patikrino jų stipriasias savybęs pagal septynias būtinasias sąlygas. MOORA (daugiatikslė optimizacija santykių dydžių analizės pagrindu) ir MULTIMOORA (MOORA plius pilnoji sandaugos forma), apimanti patobulintą normaliųjų grupių ir Delphi būdus, geriausiai atitinka septynias būtinąsiąs sąlygas taip pat ir teoriniu lygmeniu. Pavyzdžio modelis iliustruoja šiu metodu taikymą, idealai buvo pasiekti tiek, kiek galima.

Relationship between Economic Security and Country Risk Indicators in EU Baltic Sea Region Countries

“…This method was developed (Brauers & Zavadskas, 2010) and became MULTIMOORA (MOORA plus the full multiplicative form). These methods have been applied in different studies (Brauers, Ginevičius, Zavadskas, & Antuchevičienė, 2007;Brauers & Ginevičius, 2009;Brauers & Zavadskas 2009;Baležentis A., Baležentis, T., & Valkauskas, 2010;Brauers, Ginevičius, & Podvezko, 2010).…”

“…The Full Multiplicative Form of Multiple Objectives and MULTIMOORA Brauers and Zavadskas (2010) proposed updated MOORA with the Full Multiplicative Form method embodying maximization as well as minimization of purely multiplicative utility function. Overall utility of the j-th alternative can be expressed as dimensionless number (4) …”

A multi-criteria assessment of relative farming efficiency in the European Union Member States

“…In our study, we shall apply the MULTIMOORA method for the multicriteria assessment of farming efficiency in the EU Member States. This method was introduced and developed by Brauers and Zavadskas (2006Zavadskas ( , 2010a. MULTIMOORA was applied in regional development studies (Brauers, Zavadskas, 2010b;Baležentis, Baležentis, 2011b).…”

An Integrated Multi-Criteria Decision Making Approach to Location Planning of Electric Vehicle Charging Stations

“…The MULTIMOORA is a robustness MCDM method, which 388 determines the ranking of alternatives based on dominance 389 theory [12]. In the second stage of the proposed model, 390 the normal MULTIMOORA is extended to the uncertain 391 linguistic environment (called UL-MULTIMOORA) to derive 392 the ranking priority of EVCS sites.…”

“…51 Selection of the best site for an EVCS can be regarded 52 as a complicated multiple criteria decision making (MCDM) 53 problem, which often involve many conflicting criteria, such 54 as operational benefit, effects on ecological environment, and 55 harmonization between EVCS and urban development [8]. 56 MULTIMOORA (Multi-objective optimization by ratio analy-57 sis plus full multiplicative form) is a method newly developed 58 by Brauers and Zavadskas [12] to deal with MCDM problems. 59 It is more comprehensive than other MCDM methods since it 60 consists of three different parts, i.e., the ratio system, the refer-61 ence point and the full multiplicative form.…”