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Economic Dynamics and Sustainable Development – Resources, Factors, Structures and Policies

Proceedings ESPERA 2015 – Part 1 and Part 2

Luminita Chivu, Constantin Ciutacu, Valeriu Ioan-Franc and Jean-Vasile Andrei

The book is dedicated to the 150th anniversary of the Romanian Academy. It contains the most valuable 100 papers presented at the International Conference «Economic Scientific Research – Theoretical, Empirical and Practical Approaches» (ESPERA 2015). The event is initiated annually by the National Institute for Economic Research «Costin C. Kirițescu» of the Romanian Academy. ESPERA aim to present and evaluate the economic scientific research portfolio as well as to argue and substantiate development strategies, including European and global best practices. ESPERA intend to become a scientific support for the conceptualization and the establishment of policies and strategies and to provide a systematic, permanent, wide and challenging dialogue within the European area of economic and social research.

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A Multiple Attribute Decision Making Analysis of the Economic Performances for the Romanian Water Public Services (Marina Badileanu / Daniel Ciuiu / Izabell Luminita Georgescu / Svetlana Ciumac)


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Marina Badileanu1, Daniel Ciuiu2, Izabell Luminita Georgescu3 & Svetlana Ciumac4

A Multiple Attribute Decision Making Analysis of the Economic Performances for the Romanian Water Public Services

Abstract: The main objectives of this paper envisage the evaluation of the Romanian regional companies supplying drinking water and the ranking of these companies based on selected criteria. The research methodology rests on the Multiple Attribute Decision Making (MADM) method. Five economic criteria were used to evaluate the performances, namely: the rate of profit, the rotational speed of fixed assets, the monetary value of labor productivity, the physical labor productivity and the usage degree of drinking water distribution network. To measure uncertainty for each criterion, two criteria were introduced, namely the informational entropy, Shannon, i.e. the informational energy Onicescu. Key results highlighted the poor performance of most assessed companies despite their profitability and the importance of scale economies of scale in this area.

Keywords: Water supply services, regional companies, MADM, Shannon entropy, Onicescu informational energy

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