Ranking of investment projects using VIKOR method
Investment represents an instrument for the implementation of development policies of an enterprise. Investment-related decision making in an enterprise is highly important for successful realization of the strategic development goals. During that process, decisions about many investments must be made, whereas only one or several investments can be realized due to the lack of finance. This paper demonstrates an approach to investment decision making using an exact scientific method, which includes ranking investment projects according to their financial and market efficiency grades. During the process of solving investment-related decision problems, ten particular investment projects were used and method of multi-criteria analysis was implemented in order to form a ranking list regarding the investment projects and selecting the most reasonable project.