Evaluation of isolated socio-economical processes by a multi-criteria decision aid method ESP

Abstract

Problems of evaluation by multicriteria decision aid methods (MCDA) imply creating rankings of several objects or alternatives in accordance with their conformity to the objectives of the research or choosing the best alternative among the ones available. Comparison of technological or investment projects, socio-economic development levels of different regions of a country or countries, and similar problems could serve as examples. Mentioned approach can be used only in such cases, when other alternatives are available for making comparisons, which is not always the case: processes could be unique and comparisons could not therefore be made. In the paper particularities and scope of the ESP (Evaluation of a Single Process) multicriteria evaluation method and algorithms of evaluation are described. Evaluation of a few single objects based on this method is given.