Formal Statement of the Decision-making Support Problem in the Management of Municipal Social and Economic Development

TL;DR

This paper models municipal social and economic development as a semistructured system using semantic networks, proposing indicator ratings to assess effectiveness and improve decision-making in local governance.

Contribution

It introduces a novel approach of modeling municipal development as a semistructured system with semantic networks and suggests indicator ratings for assessment.

Findings

Development of a semantic network model for municipal management

Proposal of indicator rating system for social and economic assessment

Enhanced decision-making framework for local governance

Abstract

This article deals with the process of managing the social and economic development of municipal formations. It highlights characteristics and key issues that arise during management at the municipal level. In order to minimize the impact of the described issues, it is suggested to consider municipal social and economic development as a semistructured system which is modelled using a semantic network. As a result, it is concluded that a rating of indicators for assessing social and economic development needs to be created in order to determine the effectiveness and correlation with the targeted indicators.