{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,10,12]],"date-time":"2025-10-12T01:49:41Z","timestamp":1760233781287,"version":"build-2065373602"},"reference-count":53,"publisher":"MDPI AG","issue":"2","license":[{"start":{"date-parts":[[2021,2,19]],"date-time":"2021-02-19T00:00:00Z","timestamp":1613692800000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"funder":[{"name":"STUDENT GRANT COMPETITION in V\u0160B \u2013 Technical University of Ostrava","award":["SP 2021\/18"],"award-info":[{"award-number":["SP 2021\/18"]}]},{"DOI":"10.13039\/501100003193","name":"Ministerstvo \u0161kolstva, vedy, v\u00fdskumu a \u0161portu Slovenskej republiky","doi-asserted-by":"publisher","award":["VEGA 1\/0578\/18","VEGA 1\/0407\/18"],"award-info":[{"award-number":["VEGA 1\/0578\/18","VEGA 1\/0407\/18"]}],"id":[{"id":"10.13039\/501100003193","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Algorithms"],"abstract":"<jats:p>Multi-criteria analysis is a decision-making and efficiency assessment tool for application in both the private and public sectors. Its application is preceded by the selection of suitable indicators and a homogenous set of variants, as well as suitable methods based on the nature of the input data. The goal of the submitted research is to highlight the importance of selecting suitable indicators using a case study assessment of the financial health of a municipality\u2014more precisely, the efficiency of management of this municipality. Four key indicators, thirty-two homogenous subjects, and one multi-criteria analysis method were identified in this study based on the theoretical foundations of the specific issue. These elements were processed into a total of 14 variants depending on the number of assessed indicators. Then, these results were subjected to statistical verification alongside verification using the Jaccard index. Based on the acquired results, we highlight the need for correct and expert identification of the relevant sets of alternatives (the criteria matrix) and expert discussion, which should precede the selection of the assessed indicators and objectify this selection process as much as possible. Assessment based on a low number of indicators was shown to be insufficient, highly variable, and diverse, and these differences were partially eliminated as the number of assessed indicators increased.<\/jats:p>","DOI":"10.3390\/a14020064","type":"journal-article","created":{"date-parts":[[2021,2,19]],"date-time":"2021-02-19T20:54:08Z","timestamp":1613768048000},"page":"64","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":9,"title":["Number of Financial Indicators as a Factor of Multi-Criteria Analysis via the TOPSIS Technique: A Municipal Case Study"],"prefix":"10.3390","volume":"14","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-6047-9434","authenticated-orcid":false,"given":"Roman","family":"Vavrek","sequence":"first","affiliation":[{"name":"Department of Public Economics, Faculty of Economics, V\u0160B\u2014Technical University of Ostrava, Sokolsk\u00e1 t\u0159\u00edda 33, 70200 Ostrava, Czech Republic"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-6005-9093","authenticated-orcid":false,"given":"Ji\u0159\u00ed","family":"Be\u010dica","sequence":"additional","affiliation":[{"name":"Department of Public Economics, Faculty of Economics, V\u0160B\u2014Technical University of Ostrava, Sokolsk\u00e1 t\u0159\u00edda 33, 70200 Ostrava, Czech Republic"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-1236-0639","authenticated-orcid":false,"given":"Viera","family":"Papcunov\u00e1","sequence":"additional","affiliation":[{"name":"Faculty of Natural Sciences, Institute of Economics and Management, Constantine the Philosopher University in Nitra, Trieda Andreja Hlinku 1, 94974 Nitra, Slovakia"},{"name":"Department of Regional Economics and Administration, Faculty of Economics and Administration, Masaryk University, Lipov\u00e1 41a, 60200 Brno, Czech Republic"}]},{"given":"Petra","family":"Gundov\u00e1","sequence":"additional","affiliation":[{"name":"Department of Corporate Economics and Management, Faculty of Economics, Matej Bel University in Bansk\u00e1 Bystrica, Tajovsk\u00e9ho 10, 97590 Bansk\u00e1 Bystrica, Slovakia"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-8164-7556","authenticated-orcid":false,"given":"Jana","family":"Mitr\u00edkov\u00e1","sequence":"additional","affiliation":[{"name":"Department of Tourism and Hotel Management, Faculty of Management, University of Pre\u0161ov, Kon\u0161tant\u00ednova 16, 08001 Pre\u0161ov, Slovakia"}]}],"member":"1968","published-online":{"date-parts":[[2021,2,19]]},"reference":[{"key":"ref_1","first-page":"799","article-title":"Importance of Liquidity Analysis in the Process of Financial Management of Companies Operating in the Tourism Sector in Slovakia: An Empirical Study","volume":"10","year":"2016","journal-title":"Int. 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