Managing renewable energy resources choosing the sustainable development projects in Eastern Serbia – MCDM methods

Abstract

The modern world is faced with the need of global, common responsibility for development in accordance with the needs of people and nature. Great potential for development of both economic and protection of natural values lies in using up renewable energy resources. Serbia is the country rich in renewable natural resources, which are not used enough. The focus of this paper is the ranking of sustainable development projects in Eastern Serbia, the city of Zajecar, the resort of Gamzigrad spa and its thermo-mineral wells. Development projects are ranked by application of the ELECTRE method and by application of the AHP method, as an ancillary method to determine the weights of criteria. Both of the methods are in the field of Multiple-Criteria Decision Making. The ELECTRE method I is often used for determining partial orders of alternatives. This way of ranking projects is contributing to sustainable development and sustainable management of natural resources in Serbia. Sustainable management of natural resources contributes to raising the quality of life of the citizens of Serbia, and in the Eastern region of the country.