Access Journal

Access to Science, Business, Innovation in the Digital Economy

Multi-criteria technologies for managerial decisions system analysis

Published: May 1, 2021
Views: 1698
Downloads: 70
Download PDF

The article is devoted to the systems analysis technologies application in the sphere of managerial decisions selection in economic growth based performance criteria using different optimality principles. The modern practice of public administration faces the problem of choosing a solution based on a few or multiple criteria in conditions of economic growth. The scientific problem of new systems analysis technologies workability that make it possible to justify managerial decisions using several optimality principles is actualized. The developing a methodology for substantiating managerial decisions of public authorities and local self-government, which could be used by both bodies, is grounded. Conditions of uncertainty in economic growth arise due to the influence of uncontrollable factors on the effectiveness of managerial decisions is noted. The use of the principles of optimism, pessimism, guaranteed results, guaranteed losses, minimax risk (Savage principle) for the systematic justification of managerial decisions is proposed. The use of multi-criteria models in economic growth enables to reasonably choose the optimal solution is grounded. Multi-criteria optimization as a system analysis technology for the most effective choice of project under uncertainty is used. An example of optimal choice of local authorities for the project of public-private partnership in the sphere of investment in infrastructure development as an important area of economic growth is given
JEL Classification:
M37, Z32, Z39
How to cite:
Nykyforov, A., Sushchenko, O., Petrova, M., Pohuda, N. (2021). Multi-Criteria Technologies for Managerial Decisions System Analysis. Access to science, business, innovation in digital economy, ACCESS Press, 2(2): 150-161.
  • Advertising and sales promotion. The essence of advertising and its main features. Retrieved August 17, 2020, from
  • Akhmedova, O. (2014) The use of simulation methods of teaching future bachelors in tourism services. Donetsk state university of management, V 5, p. 25-30.
  • Baturshin, I., Kacprzyk, I., Sheremetov, L., Zadeh, L. (2007). Perception-based Date Mining and Decision Making in Economics and Finance, Berlin, Springer-Verlag.
  • Hlibko, S. (2020). The Issue of Implementation the Guarantees of Entrepreneurship in the Economic Law of Ukraine. Modern problems of the development of law and economics in an innovative society: scientific collection works of the International scientific and practical conference (March 20, 2020). M. Petrova, S. Hlibko, Veliko Tarnovo (Ed.). Publishing House “ACCESS PRESS”, 70-75 p. URL:
  • Knight, F. (1921). Risk, Uncertainty and Profit, 1-st ed., Boston and New York, Houghhton Mifflin Compani.
  • Kolesnichenko, O. (2020). New road strategy 2020: how the government plans to "stitch" the whole country with roads. URL:
  • Komarova V., Selivanova-Fyodorova N., Ruza O., Kaźmierczyk J., Arbidane I. (2021) Modern trends in the economic differences between countries and within them: comparison of the world and the European Union, Entrepreneurship and Sustainability Issues 8(3): 110-121.
  • Koval, V., Mikhno, I., Trokhymets, O., Kustrich, L., Vdovenko, N. (2020) Modeling the interaction between environment and the economy considering the impact on ecosystem. E3S Web Conf. 166 13002
  • Mensikovs V., Kokina I., Komarova V., Ruza O., Danilevica A. (2020) Measuring multidimensional poverty within the resource-based approach: a case study of Latgale region, Latvia. Entrepreneurship and Sustainability Issues, Vol. 8, No. 2, pp. 1211-1227.
  • National Agency of Ukraine for Civil Service, 2020., URL:
  • Radukanov, S. (2017). Market risk assessment using expected tail lost (ETL) – peculiarities and application, New Knowledge Journal of Science ISSN 2367-4598 (Online), Academic Publishing House „Talent“ University of Agribusiness and Rural Development – Bulgaria, Volume 6 (№ 5), p. 67 – 76
  • Radukanov, S. (2014). Study of the resource efficiency of banks in Bulgaria, Annual Doctoral Research Almanac, Vol. 7, D. A. Tsenov Academy of Economics, p. 323-349
  • Simon, H. (1976). Administrative Behavior. A Stady of Decision-Making Process in Administrative Organizations, 3-d ed., New York, Free Press, London, Collier, Macmillan.
  • Shmygol, N., Schiavone, F., Trokhymets, O., Pawliszczy, D., Koval, V., Zavgorodniy, R., Vorfolomeiev, A. (2020) Model for assessing and implementing resource-efficient strategy of industry. CEUR Workshop Proceedings 2713 277-294
  • Trunina, I., Vartanova, O., Sushchenko, O., Onyshchenko, O. (2018). Introducing ERP System as a Condition of Information Security and Accounting System Transformation, International Journal of Engineering & Technology, 7(4.3) 530-536.
  • UNDP, United Nations Development Programme, 2020. URL:
  • Vinokurov, Y. (2020). The road to credit: will the "Great Construction" save Zelensky's economy? URL:
  • Yankovyi, O., Goncharov, Yu., Koval, V., Lositska, T. (2019). Optimization of the capital-labor ratio on the basis of production functions in the economic model of production. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu 4 (2019) 134-140.

Publish your science journal

If you like ACCESS journals system, you can publish your journal with us at a reasonable price