Dynamic multi-criteria decision making model for prioritization of railway infrastructure projects

Rail infrastructure projects are very important for economic and social development of one country. The significance of the project changes over time and it is necessary to decide which project should be accepted in dynamic environment. This is very difficult and delicate task, but crucial for compa...

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Main Authors: Milosavljević Milan S., Macura Dragana V., Knežević Nikola Lj., Bojović Nebojša J.
Format: Article
Language:English
Published: Savez inženjera i tehničara Srbije 2018-01-01
Series:Tehnika
Subjects:
Online Access:https://scindeks-clanci.ceon.rs/data/pdf/0040-2176/2018/0040-21761803401M.pdf
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author Milosavljević Milan S.
Macura Dragana V.
Knežević Nikola Lj.
Bojović Nebojša J.
author_facet Milosavljević Milan S.
Macura Dragana V.
Knežević Nikola Lj.
Bojović Nebojša J.
author_sort Milosavljević Milan S.
collection DOAJ
description Rail infrastructure projects are very important for economic and social development of one country. The significance of the project changes over time and it is necessary to decide which project should be accepted in dynamic environment. This is very difficult and delicate task, but crucial for company's success in the market. In this paper, authors presented model based on Analytical Hierarchy Process approach with dynamic priorities. This model consists of three main clusters: projects, criteria, and relevant external projects. The aim of the paper is an evaluation of railway infrastructure projects with application of multi-criteria decision making method. Special attention is committed to the influence of relevant external projects on alternatives in certain time periods in the future. The model is tested on real data from the Serbian Railway Network.
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spelling doaj.art-21259c4c629c43da9fec660e78ddcd032022-12-22T02:19:42ZengSavez inženjera i tehničara SrbijeTehnika0040-21762560-30862018-01-017334014060040-21761803401MDynamic multi-criteria decision making model for prioritization of railway infrastructure projectsMilosavljević Milan S.0Macura Dragana V.1Knežević Nikola Lj.2Bojović Nebojša J.3Visoka železnička škola strukovnih studija, BeogradUniverzitet u Beogradu, Saobraćajni fakultet, BeogradUniverzitet u Beogradu, Saobraćajni fakultet, BeogradUniverzitet u Beogradu, Saobraćajni fakultet, BeogradRail infrastructure projects are very important for economic and social development of one country. The significance of the project changes over time and it is necessary to decide which project should be accepted in dynamic environment. This is very difficult and delicate task, but crucial for company's success in the market. In this paper, authors presented model based on Analytical Hierarchy Process approach with dynamic priorities. This model consists of three main clusters: projects, criteria, and relevant external projects. The aim of the paper is an evaluation of railway infrastructure projects with application of multi-criteria decision making method. Special attention is committed to the influence of relevant external projects on alternatives in certain time periods in the future. The model is tested on real data from the Serbian Railway Network.https://scindeks-clanci.ceon.rs/data/pdf/0040-2176/2018/0040-21761803401M.pdfrailway projects prioritizationdynamic prioritiesAHP
spellingShingle Milosavljević Milan S.
Macura Dragana V.
Knežević Nikola Lj.
Bojović Nebojša J.
Dynamic multi-criteria decision making model for prioritization of railway infrastructure projects
Tehnika
railway projects prioritization
dynamic priorities
AHP
title Dynamic multi-criteria decision making model for prioritization of railway infrastructure projects
title_full Dynamic multi-criteria decision making model for prioritization of railway infrastructure projects
title_fullStr Dynamic multi-criteria decision making model for prioritization of railway infrastructure projects
title_full_unstemmed Dynamic multi-criteria decision making model for prioritization of railway infrastructure projects
title_short Dynamic multi-criteria decision making model for prioritization of railway infrastructure projects
title_sort dynamic multi criteria decision making model for prioritization of railway infrastructure projects
topic railway projects prioritization
dynamic priorities
AHP
url https://scindeks-clanci.ceon.rs/data/pdf/0040-2176/2018/0040-21761803401M.pdf
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AT knezevicnikolalj dynamicmulticriteriadecisionmakingmodelforprioritizationofrailwayinfrastructureprojects
AT bojovicnebojsaj dynamicmulticriteriadecisionmakingmodelforprioritizationofrailwayinfrastructureprojects