Influence Of Subjective Preferences On The Decision-Making Process In A Multi-Criteria Model Of Public Procurement
Influence Of Subjective Preferences On The Decision-Making Process In A Multi-Criteria Model Of Public Procurement

Summary/Abstract: Improvement of business is one of the primary goals of any business entity. One of the basic prerequisites for a successful business is the proper allocation of public resources. In this sense, the public procurement system is an important component in improving the efficiency of public finances, which are of special interest to modern society. This paper discusses the role and importance of the method of multi-criteria analysis for the evaluation of public procurement. The idea for this kind of analysis is the result of research into the possibility of applying different methods of decision making in the modern approach to decision making in the sector of public procurement. The emphasis is placed on those methods that use the alternative ranking. In addition to the theoretical dimension, the paper also presents one method of multi-criteria analysis, the AHP method, applied to empirical data obtained from the Gerontology center “Jelenac” in Aleksinac.

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