Government of the Brčko District of Bosnia and Herzegovina
Polje Istraživanja: Economics Agricultural economics (Economics) Environmental economics
More and more investments are being made in energy conversion projects from renewable energy sources (RESs), and a large number of investors are entering this sector. The focus of this study is the decision-making by the investor BD Green Energy in the Brčko District of Bosnia and Herzegovina. In order to choose the RES system that would realize this investment in the most efficient way, expert decision-making based on the fuzzy–rough approach and the Bonferroni mean operator was used. Determining the importance of the criteria was conducted using the fuzzy–rough SiWeC (simple weight calculation) method. The results of this method showed that all used criteria have similar importance for the investor. RES system selection was conducted using the fuzzy–rough CoCoSo (combined compromise solution) method. The results of this method showed that investing in photovoltaic (PV) energy is the best for the investor. This research provided guidance on how investors should make investment decisions in RES systems with incomplete information and uncertainty in the decision-making process.
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Energy production, supply and consumption are global issue with many economic, environmental and social implications. Mentioned issue is even more expressed in remote rural areas, in particular in developing countries, as are the countries of the Western Balkans (WB). Renewable energy sources (RES) could represent optimal energy alternative for sustainable performing of agricultural and other activities, as well as for improving the current state of living conditions in rural communities. The main goal of research is to mark the most suitable RES alternative (six alternatives) for wider implementation in rural space of WB. The applied methodology framework implies experts’ opinion (engagement of eight experts) and the use of multi-criteria decision-making methods (MCDM), (specifically fuzzy-rough LMWA and fuzzy-rough CRADIS methods) under the predefined criteria (nine criteria). Derived results show that the implementation of the solar energy plants could play an optimal solution, while as the relatively unsuitable alternative could be marked the use of energy potential of watercourses. Gained final result, i.e. ranking order of the considered alternatives is additionally verified by the appliance of other MCDM methods, while the sensitivity analysis was also performed.
Improving the conditions for the provision of tourist services is critical for the development of tourism. The World Economic Forum uses the Travel and Tourism Development Index (TTDI), calculated based on five main criteria and 17 sub-criteria, to assess these conditions and generate a ranking list of countries based on their favourable environment for conducting tourism-related activities. However, the TTDI only considers the average value of each country's criteria and sub-criteria scores without considering the significance of those criteria. This paper addresses this issue using a hybrid multi-criteria analysis, which combines the MARCOS (Measurement of Alternatives and Ranking According to Compromise Solution) and MEREC (MEthod based on the Removal Effects of Criteria) methods. The results of these methods show that the observed European countries' ranking order differs from the ranking order stated in TTDI. Spain is ranked first, Turkmenistan ranks last, and sensitivity analysis supports these findings. When ranking countries using the TTDI, the importance of the criteria must be considered to accurately reflect the conditions prevailing for tourism development in countries, which is highlighted by this research. This paper's contribution demonstrates that all criteria cannot be considered equally to form the TTDI, as the requirements cannot be equally important.
With the development of agricultural production, the demand for electricity correspondingly increases. To sustainably meet this demand, renewable energy sources (RESs) can be utilized. This paper explores the application of RES alternatives in agriculture to provide guidelines for enhancing sustainable agricultural practices in Bosnia and Herzegovina. The study employs expert decision making using fuzzy multi-criteria decision-making (MCDM) methods. A decision-making model incorporating nine criteria and six alternatives was developed. Using the direct weight calculation (DiWeC) approach, the findings indicate that economic criteria are prioritized over other sustainability criteria. The results from the fuzzy RAWEC (ranking of alternatives with weights of criteria) method reveal that solar energy has the greatest potential for advancing sustainable agricultural production in Bosnia and Herzegovina. For practical implementation of RES alternatives, active involvement from state institutions and local communities is essential.
This paper presents a multi-criteria decision-making model based on the application of two methods, DIBR II and MABAC. The DIBR II method was used to define weight coefficients. The MABAC method was used to rank alternatives, and it was applied in a rough environment. Four experts were engaged in defining the criteria and alternatives as well as in the relation of criteria. The model was applied for ranking the methods and techniques of Lean organization systems management in the maintenance of technical systems of special purposes. At the end of the application was conducted a sensitivity analysis which proved the stability of the obtained results.
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