Use of different multi-criteria ranking techniques in assessing the development of organic production

Dragana Đurić,Grujica Vico,Radomir Bodiroga

Published 2024 in Ekonomija: teorija i praksa

ABSTRACT

Organic farming has emerged as an alternative to conventional agricultural production, which is particularly pronounced in the member states of the European Union. Given the large number of indicators used in statistical systems to describe the state of organic production, this paper aims to apply techniques from multivariate statistical analysis and multi-criteria decision-making to rank EU member states based on the development of organic production. Two techniques, Ivanović's I-distance and the MABAC method, were applied with the use of five criteria. These techniques have proven effective for this type of ranking, and it is recommended to use at least two techniques to validate the results obtained.

PUBLICATION RECORD

  • Publication year

    2024

  • Venue

    Ekonomija: teorija i praksa

  • Publication date

    Unknown publication date

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    Open on Semantic Scholar

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    Semantic Scholar

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