| Authors: | Velimirović, Jelena Velimirović, Lazar Vranić, Petar Janjić, Aleksandar |
Affiliations: | Mathematical Institute of the Serbian Academy of Sciences and Arts | Title: | Assessing the Risk of SMEs Failure Using AHP Method | First page: | 131 | Last page: | 153 | Related Publication(s): | How to prevent SMEs failure (Actions based on comparative analysis in Visegrad countries and Serbia) | Issue Date: | 2019 | Rank: | M42 | ISBN: | 978-86-6305-095-2 | URL: | http://media.sjm06.com/2019/05/MONOGRAPH_final.pdf | Abstract: | The authors of this paper proposed a Multi Criteria Decision Making (MCDM) methodology to assess risks of SMEs failure. Based on the available SMEs data in the case of Serbia, the authors used Analytic Hierarchy Process (AHP) to create a model and perform analysis. The problem’s criteria are related to entrepreneurial factors, such as demography and professional experience, and available data on failed SMEs in Serbia. The obtained results show which alternatives have the greatest impact on a firm’s failure. |
Keywords: | AHP | SME | Risk | Failure | Success | Publisher: | International Visegrad Fund (V4), University of Belgrade, Technical Faculty in Bor, Engineering Management Department (EMD) | Project: | Development of new information and communication technologies, based on advanced mathematical methods, with applications in medicine, telecommunications, power systems, protection of national heritage and education Research and development of energy efficient and environment friendly polygeneration systems based on renewable energy sources utilization |
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