Application of the Analytical Hierarchy Process Method in Financing the Regional Development Problem on the Example of a Customer Company

The article discusses a multifactorial decision-making method to help decision-makers make rational decisions. The Analytical Hierarchy Process (AHP) method is the most frequently used multifactorial decision-making method and is used in situations where the objective and subjective decisions of decision-makers need to be evaluated together. AHP is an easy-to-use method for solving complex problems. The use of modeling methods in describing various socio-economic phenomena and processes at the micro and macro levels of economics has made a significant contribution to modern economic science. Most socio-economic phenomena have a complex structure (usually a hierarchical structure). According to the theory of systems analysis, the concept of a goal in a complex system cannot be completely unambiguously defined. There is a general goal of the system, but the problem is to describe and achieve it. In Summary, in modern condition it is possible to emphasize that management problem is central as economic as well from management point of view. However, trainees’ pivotal questions are focused on management phenomenon. It will be remarked that this subject is developed. Moreover, it has accumulated a variety of empirical materials on the bases of which there can be issued for each level of the leaders the recommendations for optimization of management. To do this, the general global goal is divided into sub-goals that are understandable at each level of the hierarchy. Furthermore, from the point of view of system analysis, the goal at each level is not only a goal, but also the means to achieve the goal at a higher level. Keywords: multiple factors; decision making; analytical hierarchy process; AHP.

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Publication Details

Journal
Economics
Published
2024-12-10
DOI
https://doi.org/10.36962/ecs106/11-12/2024-48
Primary Topic
Economic and Technological Systems Analysis
Type
article
Field-Weighted Citation Impact
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article

Application of the Analytical Hierarchy Process Method in Financing the Regional Development Problem on the Example of a Customer Company

Badri Davitaia Badri Davitaia, Amiran Bregvadze Amiran Bregvadze
Economics
Economic and Technological Systems Analysis
article

Application of the Analytical Hierarchy Process Method in Financing the Regional Development Problem on the Example of a Customer Company

Badri Davitaia Badri Davitaia, Amiran Bregvadze Amiran Bregvadze
article en

Abstract

The article discusses a multifactorial decision-making method to help decision-makers make rational decisions. The Analytical Hierarchy Process (AHP) method is the most frequently used multifactorial decision-making method and is used in situations where the objective and subjective decisions of decision-makers need to be evaluated together. AHP is an easy-to-use method for solving complex problems. The use of modeling methods in describing various socio-economic phenomena and processes at the micro and macro levels of economics has made a significant contribution to modern economic science. Most socio-economic phenomena have a complex structure (usually a hierarchical structure). According to the theory of systems analysis, the concept of a goal in a complex system cannot be completely unambiguously defined. There is a general goal of the system, but the problem is to describe and achieve it. In Summary, in modern condition it is possible to emphasize that management problem is central as economic as well from management point of view. However, trainees’ pivotal questions are focused on management phenomenon. It will be remarked that this subject is developed. Moreover, it has accumulated a variety of empirical materials on the bases of which there can be issued for each level of the leaders the recommendations for optimization of management. To do this, the general global goal is divided into sub-goals that are understandable at each level of the hierarchy. Furthermore, from the point of view of system analysis, the goal at each level is not only a goal, but also the means to achieve the goal at a higher level. Keywords: multiple factors; decision making; analytical hierarchy process; AHP.

EconomicsVol. 106(11-12)
Akaki Tsereteli State University (GE)
Openalex Percentile: Top 57%
Economic and Technological Systems Analysis
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