MODIFIED HUMAN DEVELOPMENT INDEX AND ITS WEIGHTED ALTERNATIVE – THE CASE OF VISEGRAD FOUR PLUS AUSTRIA AND SLOVENIA
MODIFIED HUMAN DEVELOPMENT INDEX AND ITS WEIGHTED ALTERNATIVE – THE CASE OF VISEGRAD FOUR PLUS AUSTRIA AND SLOVENIA

Summary/Abstract: The paper solves the problem of alternative access towards modified human development index (MHDI) of the Visegrad Four Group Plus NUTS 2 regions. Analytic hierarchy pro-cess (AHP) is one of multicriteria decision-making methods. It is based on pairwise comparison matrices and eigenvector method. AHP enables to derive unknown/undetermined priorities of factors. The basic aim of the contribution is due to the method of analytic hierarchy process to define the position of NUTS 2 regions in period of 2004-2013 years. The sense of applying the method will be setting the ranking of NUTS 2 regions reflecting their HDI for the year. AHP is used to derive unknown or undetermined weights of macroeconomic indicators influencing the MHDI.

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