Assessing business scenarios with composite indicators allows the combination of both quantitative and qualitative performance measures (PM). This paper presents a methodology for constructing composite indicators by aggregating multiple PMs to diagnose business performance. Assuming that measures are expressed in heterogeneous units, these must be normalized in scales with a…

The methodological approach on carrying out of complex analysis of enterprise's financial state with use of fuzzy logic methods has been developed and on this basis the economic and mathematical models of enterprise's bankruptcy diagnosis have been constructed. The input factors of these models are sets of independent variables and…

In recent years, we have witnessed progressive changes in economic, social and environmental issues that affect businesses and their environment. At the same time, issues such as development, economic progress, sustainability and corporate responsibility are becoming increasingly important in economic and financial processes when making decisions. In a competitive and…

In this paper the well-known p-median problem is tackled using a version of a heuristic bee algorithm. The proposed bee algorithm is explained and applied to eight different data sets. The results obtained are then compared to a classical, but effective, heuristic algorithm called the vertex substitution heuristic. The results…