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RAILWAY PROJECTS EVALUATION WITH DYNAMIC PRIORITIES – SERBIA CASE STUDY

Dragana Macura, Milica Selmic

Abstract


Strategic decisions, such as transport investments, depend on a number of factors of different relevance that are often changeable over time. Evaluation of transport projects is a complex and difficult task, but also crucial for a company’s success in the market. We assume that certain relations of the system elements are functions of time, and thus we apply a dynamic approach – dynamic priorities in multi-criteria decision making. The topic of this paper is time dependent multi-criteria decision making in a transport projects evaluation. The model is tested on real data from the Serbian railway network.

http://dx.doi.org/10.13033/ijahp.v7i1.292


Keywords


transport projects, railway projects’ evaluation, dynamic priorities

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DOI: http://dx.doi.org/10.13033/ijahp.v7i1.292