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Abstract

Choosing and ranking projects are complex tasks in business operations. Ranking of projects considers Multiple-Criteria Decision Making as a very popular way to support decision makers. This paper deals with proposed projects for development of the tourist resort of Gamzigrad spa in Eastern Serbia and its thermo-mineral wells. The projects are ranked by application of the ELECTRE method and by application of the AHP method, as ancillary method to determine the weights of criteria.

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