Assessment of theoretical aspects of sustainable competitiveness of an industry using multiple criteria decision making techniques

Abstract

The purpose of the research is to evulate exisiting factors of the industry's sustainable competitiveness. Factors are valued using multiple criteria decision making techniques. The most important factors for sustainable competitiveness are determined and improvements are suggested. These factors were analyzed as social, economic and environmental. To achieve the goal of the research quantitative and qualitative research methods have been used: scientific literature review, qualitative content analysis, Analytic Hierarchy Process (AHP) Multi Criteria decision making method, The Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) Multi Criteria decision making method. The results obtained have selected the most important factors in the industry's sustainable competitiveness, this helps to solve various economic and ecological problems. The results can be used as recommendations for industrial policy development.