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
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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