Open Science Research Excellence

Open Science Index

Commenced in January 2007 Frequency: Monthly Edition: International Publications Count: 30677

Select areas to restrict search in scientific publication database:
Investments Attractiveness via Combinatorial Optimization Ranking
The paper proposes an approach to ranking a set of potential countries to invest taking into account the investor point of view about importance of different economic indicators. For the goal, a ranking algorithm that contributes to rational decision making is proposed. The described algorithm is based on combinatorial optimization modeling and repeated multi-criteria tasks solution. The final result is list of countries ranked in respect of investor preferences about importance of economic indicators for investment attractiveness. Different scenarios are simulated conforming to different investors preferences. A numerical example with real dataset of indicators is solved. The numerical testing shows the applicability of the described algorithm. The proposed approach can be used with any sets of indicators as ranking criteria reflecting different points of view of investors. 
Digital Object Identifier (DOI):


[1] Investment climate statements, U.S. Department of State,
[2] Investment Climate – data and indicators, World Bank Group (US), International Finance Corporation, https://www.wbginvestmentclimate. org/research-and-diagnostics/
[3] Investopedia – Investment climate, terms/i/investmentclimate.asp
[4] Investment Policy Framework for Sustainable Development, United Nations Conference on Trade and Development – UNCTAD
[5] M. Ballotta, Factors, Actions and policies to determine the investment attractiveness of a territorial system. World Bank, WBI/PSD Investment Climate Seminar Series. Washington, 29th January 2004,
[6] M. Baltzer, O. Stolper, A. Walter. “Is local bias a cross-border phenomenon? Evidence from individual investors’ international asset allocation”, Journal of Banking & Finance, vol. 37, no 8, pp. 2823- 2835, 2013.
[7] I. Mia, J. Estrada, T. Geiger, “Benchmarking National attractiveness for private investment in Latin American infrastructure”, in World Economic Forum, REF: 200407, 2007 (http:// ness_PrivateInvestmentLA_2007.pdf)
[8] A. Groh, H. Liechtenstein, K. Lieser, “The venture capital and private equity country attractiveness index 2013 annual”,
[9] Back to Business: Optimism Amid Uncertainty. The 2013 A.T. Kearney Foreign Direct Investment Confidence Index®, http://www.atkearney. com/research-studies/foreign-direct-investment-confidence-index
[10] K. Savard, H. Wickramarachi with R. C. Devol and A. (Penny) Prabha, “2013 Global opportunity index: Attracting foreign investment”, Milken Institute, March 18, 2013, /pdf/GlobalOpportunityIndex.pdf
[11] Global cities investment monitor 2012 new rankings, trends and criteria. Greater Paris Investment Agency, ISBN 2-914687-10-9. -KPMG-CIM-2012.pdf
[12] Attractiveness surveys, EY - Global - Ernst & Young. http://www.ey. com/GL/en/Issues/Business-environment/Ernst---Young-attractivenesssurveys
[13] M. Cutts, M. Riley, R. Marriott, A. Kirk, B. Carlisle, “Global infrastructure investment index”, EC HARRIS, Investment%20Index%20FINAL%20FOR%20WEB.pdf
[14] Economy rankings, The World Bank, 2013, http://www.doingbusiness. org/rankings
[15] The Concise Encyclopedia of Economics – V. Pareto,
[16] E. Triantaphyllou, Multi-Criteria Decision Making: A Comparative Study. Springer, p. 320. 2000.
[17] C. Erner, A. Klos, T. Langer, “Can prospect theory be used to predict an investor’s willingness to pay?” Journal of Banking & Finance, vol. 37, no 6, pp. 1969-1973, 2013.
[18] T. Gal, T. J. Stewart, T. Hanne. International Series in Operations Research & Management Science, Springer, 1999.
[19] G. Ashry, “On globally convergent multi-objective optimization”, Applied Mathematics and Computation, vol. 183, no 1, pp. 209-216, 2006.
[20] R. Marler, J. Arora. “Survey of multi-objective optimization methods for engineering”, Structural and Multidisciplinary Optimization, vol. 26, pp. 369-395, 2004.
[21] Lindo Systems Inc.,
Vol:14 No:09 2020Vol:14 No:08 2020Vol:14 No:07 2020Vol:14 No:06 2020Vol:14 No:05 2020Vol:14 No:04 2020Vol:14 No:03 2020Vol:14 No:02 2020Vol:14 No:01 2020
Vol:13 No:12 2019Vol:13 No:11 2019Vol:13 No:10 2019Vol:13 No:09 2019Vol:13 No:08 2019Vol:13 No:07 2019Vol:13 No:06 2019Vol:13 No:05 2019Vol:13 No:04 2019Vol:13 No:03 2019Vol:13 No:02 2019Vol:13 No:01 2019
Vol:12 No:12 2018Vol:12 No:11 2018Vol:12 No:10 2018Vol:12 No:09 2018Vol:12 No:08 2018Vol:12 No:07 2018Vol:12 No:06 2018Vol:12 No:05 2018Vol:12 No:04 2018Vol:12 No:03 2018Vol:12 No:02 2018Vol:12 No:01 2018
Vol:11 No:12 2017Vol:11 No:11 2017Vol:11 No:10 2017Vol:11 No:09 2017Vol:11 No:08 2017Vol:11 No:07 2017Vol:11 No:06 2017Vol:11 No:05 2017Vol:11 No:04 2017Vol:11 No:03 2017Vol:11 No:02 2017Vol:11 No:01 2017
Vol:10 No:12 2016Vol:10 No:11 2016Vol:10 No:10 2016Vol:10 No:09 2016Vol:10 No:08 2016Vol:10 No:07 2016Vol:10 No:06 2016Vol:10 No:05 2016Vol:10 No:04 2016Vol:10 No:03 2016Vol:10 No:02 2016Vol:10 No:01 2016
Vol:9 No:12 2015Vol:9 No:11 2015Vol:9 No:10 2015Vol:9 No:09 2015Vol:9 No:08 2015Vol:9 No:07 2015Vol:9 No:06 2015Vol:9 No:05 2015Vol:9 No:04 2015Vol:9 No:03 2015Vol:9 No:02 2015Vol:9 No:01 2015
Vol:8 No:12 2014Vol:8 No:11 2014Vol:8 No:10 2014Vol:8 No:09 2014Vol:8 No:08 2014Vol:8 No:07 2014Vol:8 No:06 2014Vol:8 No:05 2014Vol:8 No:04 2014Vol:8 No:03 2014Vol:8 No:02 2014Vol:8 No:01 2014
Vol:7 No:12 2013Vol:7 No:11 2013Vol:7 No:10 2013Vol:7 No:09 2013Vol:7 No:08 2013Vol:7 No:07 2013Vol:7 No:06 2013Vol:7 No:05 2013Vol:7 No:04 2013Vol:7 No:03 2013Vol:7 No:02 2013Vol:7 No:01 2013
Vol:6 No:12 2012Vol:6 No:11 2012Vol:6 No:10 2012Vol:6 No:09 2012Vol:6 No:08 2012Vol:6 No:07 2012Vol:6 No:06 2012Vol:6 No:05 2012Vol:6 No:04 2012Vol:6 No:03 2012Vol:6 No:02 2012Vol:6 No:01 2012
Vol:5 No:12 2011Vol:5 No:11 2011Vol:5 No:10 2011Vol:5 No:09 2011Vol:5 No:08 2011Vol:5 No:07 2011Vol:5 No:06 2011Vol:5 No:05 2011Vol:5 No:04 2011Vol:5 No:03 2011Vol:5 No:02 2011Vol:5 No:01 2011
Vol:4 No:12 2010Vol:4 No:11 2010Vol:4 No:10 2010Vol:4 No:09 2010Vol:4 No:08 2010Vol:4 No:07 2010Vol:4 No:06 2010Vol:4 No:05 2010Vol:4 No:04 2010Vol:4 No:03 2010Vol:4 No:02 2010Vol:4 No:01 2010
Vol:3 No:12 2009Vol:3 No:11 2009Vol:3 No:10 2009Vol:3 No:09 2009Vol:3 No:08 2009Vol:3 No:07 2009Vol:3 No:06 2009Vol:3 No:05 2009Vol:3 No:04 2009Vol:3 No:03 2009Vol:3 No:02 2009Vol:3 No:01 2009
Vol:2 No:12 2008Vol:2 No:11 2008Vol:2 No:10 2008Vol:2 No:09 2008Vol:2 No:08 2008Vol:2 No:07 2008Vol:2 No:06 2008Vol:2 No:05 2008Vol:2 No:04 2008Vol:2 No:03 2008Vol:2 No:02 2008Vol:2 No:01 2008
Vol:1 No:12 2007Vol:1 No:11 2007Vol:1 No:10 2007Vol:1 No:09 2007Vol:1 No:08 2007Vol:1 No:07 2007Vol:1 No:06 2007Vol:1 No:05 2007Vol:1 No:04 2007Vol:1 No:03 2007Vol:1 No:02 2007Vol:1 No:01 2007