Evaluation of sustainability indicators for decision-making in mining companies

• Published in: Megatrend revija : međunarodni časopis za primenjenu ekonomiju Vol. 13; no. 2; pp. 83 - 96
• Main Authors: Miletic, Slavica, Paunkovic, Dzejn, Bogdanovic, Dejan
• Format: Journal Article
• Language: Serbian
• Published: Belgrade Univerzitet Dzon Nezbit 2016; University Dzon Nezbit
• Subjects: Companies; Decision making; Economic development; Economic growth; Economic indicators; Environmental protection; evaluation; Mining; mining company; PROMETHEE; Ratings & rankings; Subjectivity; Sustainability; sustainability indicators
• ISSN: 1820-3159; 2560-3329
• DOI: 10.5937/MegRev1602083M

Evaluation of sustainability indicators in terms of their importance for decision making in mining companies (RTB Bor, RTB) can significantly affect the steady economic growth and development of the country. In the paper are ranked sustainability indicators in terms of their importance by illustration of implementation of multicriteria decision making. The essence of the problem is to reduce the subjectivity in the mining companies (RTB Bor) who are carriers of the economic development of the country. Evaluation of sustainability indicators of mining companies was carried out using the PROMETHEE methods for multi-criteria decision making. In this method the determination of criteria weights for ranking is done firstly, then the assessment of sustainability indicators and their complete ranking is performed. Based on the obtained results by PROMETHEE method, it is determined the most important sustainability indicators for decision-making, and that is an alternative A1 (economic indicators). The most influential criteria for a complete ranking of sustainability indicators is criteria C1 (increase the utilization of resources) and C3 (environmental protection). The obtained result indicates to managers how the implementation of MCDM method should treat the indicators of sustainability during the planning and management process, all with aim to sustain mining companies (RTB Bor).