My colleague is writing a paper on assessing suitability of regions across various criteria from the point of view of multinational, planning FDI, and state, planning strategic investment thought PPP.
She has collected extensive panel data on various economic, social, and quasi-economic/social variables, characterizing regions of Russia. She plans to use some MCDA method. Have you heard about any papers, written on this topic?
I can recommend the article on TOPSIS method: "https://www.researchgate.net/publication/257404310_A_state-of_the-art_survey_of_TOPSIS_applications?ev=srch_pub"
There you can find a lot of papers for strategic investments, but not only TOPSIS can be used. For example, you can use AHP or ANP developed by T.L. Saaty.
The ELCTRE family methods are used to this aim also. For instance, Norese MF. 2006. ELECTRE III as a support for participatory decision-making on the localisation of waste-treatment plants, Land Use Policy 23(1): 76-85. Each of this method has some shortcomings and advantages.
Article A state-of the-art survey of TOPSIS applications
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