Application of AHP Method in Enforcement Procedures: The Case of Selling Specific Goods

The concept of specific goods is considered by the authors from the perspective of a particular attribute that makes ordinary goods specific. Specific goods are not intended for the broad market; they either have buyers or do not. Machine learning and artificial intelligence models can certainly be of help in studying the market, but what if the existing models cannot lead to concrete buyers? Economic theory suggests that in regular sales of goods, anyone is a potential buyer, even outside the target group. The same principle can be applied to the sale of specific goods. In the paper, the authors point out a possible way of thinking and provide a basis for training machine learning and artificial intelligence models in finding buyers of specific goods using the Analytic Hierarchy Process (AHP) mathematical method. The authors found a representative example of regular goods that became specific due to one or more attributes in the sales of former industrial facilities. To test the hypothesis, the authors utilized a database of completed sales conducted by a public enforcement officer. The authors’ initial assumption was that in the AHP method, an optimal number of appropriately ranked criteria can be developed to indicate buyers outside the target group for such specific goods based on the obtained results. The results and developed methodology can be further applied in training machine learning and artificial intelligence models in finding buyers.

Authors

Publication Details

Journal
Harmonius Journal of Legal and Social Studies in South East Europe
Published
2025-02-05
DOI
https://doi.org/10.51204/harmonius_24101a
Primary Topic
Technology and Data Analysis
Type
article
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article

Application of AHP Method in Enforcement Procedures: The Case of Selling Specific Goods

Ž. Dimitrijević
Harmonius Journal of Legal and Social Studies in South East Europe
Technology and Data Analysis
article

Application of AHP Method in Enforcement Procedures: The Case of Selling Specific Goods

Ž. Dimitrijević
article en

Abstract

The concept of specific goods is considered by the authors from the perspective of a particular attribute that makes ordinary goods specific. Specific goods are not intended for the broad market; they either have buyers or do not. Machine learning and artificial intelligence models can certainly be of help in studying the market, but what if the existing models cannot lead to concrete buyers? Economic theory suggests that in regular sales of goods, anyone is a potential buyer, even outside the target group. The same principle can be applied to the sale of specific goods. In the paper, the authors point out a possible way of thinking and provide a basis for training machine learning and artificial intelligence models in finding buyers of specific goods using the Analytic Hierarchy Process (AHP) mathematical method. The authors found a representative example of regular goods that became specific due to one or more attributes in the sales of former industrial facilities. To test the hypothesis, the authors utilized a database of completed sales conducted by a public enforcement officer. The authors’ initial assumption was that in the AHP method, an optimal number of appropriately ranked criteria can be developed to indicate buyers outside the target group for such specific goods based on the obtained results. The results and developed methodology can be further applied in training machine learning and artificial intelligence models in finding buyers.

Harmonius Journal of Legal and Social Studies in South East EuropeVol. 13(1)
Openalex Percentile: Top 96%
Technology and Data Analysis
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