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Strategic Planning of Regional Sustainable Development Using Factor Analysis Method
 
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1
University of Niš, Univerzitetski trg 2, Niš, Serbia
 
2
International Clean Water Institute, Manassas, VA and NJCU – State University of New Jersey, NJ USA
 
3
University of Niš, Faculty of Occupational Safety in Niš, Čarnojevića 10a, Niš, Serbia
 
 
Submission date: 2020-02-24
 
 
Acceptance date: 2020-06-28
 
 
Online publication date: 2020-09-26
 
 
Publication date: 2021-01-20
 
 
Corresponding author
Dejan Vasović   

Faculty of Occupational Safety in Niš, University of Niš, Čarnojevića 10a, Niš, Serbia
 
 
Pol. J. Environ. Stud. 2021;30(2):1317-1323
 
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ABSTRACT
Sustainable development of a regional and local community involves setting a strategic balance among economic, social, and environmental criteria (factors) of development. Due to their large number, physical quantity variance, and incompleteness, these factors have a limited, sometimes even conflicting and ineffectual application in producing a unified effect on development. This issue becomes resolvable through a modification of factor analysis by means of combining it with multi-criteria decision analysis (MCDA). The solutions thus obtained in the form of a ranking, with the top-ranked solution being the most favorable, constitute immense support for decision makers to use the proposed most favorable solution to formulate and implement their plan of development.
eISSN:2083-5906
ISSN:1230-1485
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