Analysis of the efficiency of insurance companies in Serbia using the fuzzy AHP and TOPSIS methods

The aim of this study is to propose a fuzzy multi-criteria model that will facilitate the assessment of insurance companies’ efficiency. This study includes all companies operating within the insurance sector in Serbia in the period from 2007 to 2014 and the data were used from the published financial statements of insurance companies. Five key indicators were identified for the assessment and rating of insurance companies. Fuzzy Analytic Hierarchy Process (FAHP) and Technique for Order Performance by Similarity to Ideal Solution (TOPSIS) were used for building the proposed model. In the first stage, priority weights of criteria were defined by using the FAHP, while in the second phase the insurance companies were ranked using the TOPSIS method

Prethodnice sveučilišnoga poduzetništva: empirijski dokazi sa srpskih državnih sveučilišta

The aim of this paper is to portray the effects of individual entrepreneurial orientation of the faculty (professors, teaching assistants and researchers) on entrepreneurial outcomes and outputs of Serbian higher education institutions. Particular objective of the paper is to examine and explore how research mobilization, unconventionality, industry collaboration and university policies affect entrepreneurial outcomes – joint research agreements, contractual agreements, consulting activities, establishment of spin-offs and patenting. For this purpose, primary data were collected at Serbian public universities. In total, 552 respondents correctly fulfilled the questionnaire specifically designed to meet the purpose of the study. The results indicate that entrepreneurial orientation plays a statistically significant role in entrepreneurial outcomes. However, entrepreneurial orientation is more important in commercial than non-commercial research outcomes.Cilj je ovoga rada prikazati utjecaj individualne poduzetničke orijentacije akademika (profesora, asistenata i istraživača) na poduzetničke ishode srpskih institucija visokoga obrazovanja. Posebna zadaća ovoga rada bila je ispitati i istražiti kako pokretanje istraživanja, nekonvencionalnost, suradnja s industrijom i sveučilišna politika djeluju na rezultate u poduzetništvu – zajedničke istraživačke sporazume, ugovorna istraživanja, aktivnosti savjetovanja, osnivanje tvrtki kćeri (spin-off) i patentiranje. Za tu svrhu sakupljeni su primarni podatci na srpskim državnim sveučilištima. Ukupno je 552 ispitanika točno ispunilo upitnike osmišljene za potrebe ovoga istraživanja. Rezultati pokazuju da poduzetnička orijentacija ima statistički značajnu ulogu u poduzetničkim ishodima te da je poduzetnička orijentacija važnija u komercijalnim nego u nekomercijalnim istraživačkim ishodima

Analysis of the efficiency of insurance companies in Serbia using the fuzzy AHP and TOPSIS methods

The aim of this study is to propose a fuzzy multi-criteria model that will facilitate the assessment of insurance companies’ efficiency. This study includes all companies operating within the insurance sector in Serbia in the period from 2007 to 2014 and the data were used from the published financial statements of insurance companies. Five key indicators were identified for the assessment and rating of insurance companies. Fuzzy Analytic Hierarchy Process (FAHP) and Technique for Order Performance by Similarity to Ideal Solution (TOPSIS) were used for building the proposed model. In the first stage, priority weights of criteria were defined by using the FAHP, while in the second phase the insurance companies were ranked using the TOPSIS method