Ontology of the development strategies: (The) basis for decision support in government development funds

Abstract

This paper presents a methodical approach to the creation of the ontological model which serves as a knowledge base in the decision-making process of evaluation clients who are applying for loans and subsides of state development funds. The role of the proposed ontological model is steering government subsidies and investments in industries and areas of socio-economic development which are defined by the state development strategies. The ultimate aim of this research is to suggest appropriate classifiers (priority indexes) for each ensemble of the socio-economic parameters in the context of scoring government development funds clients. The novelty of the research presented in this paper is reflected by the identifying and semantically presenting of social and economic characteristics, which covers the area of operation of state development funds and which are relevant for the development of the analyzed region. The advantages which are achieved by using the proposed ontology model are: decision-making process that excludes the subjective reasoning of the administrative staff and decision proposals which are justified in state development strategies. The authors in this paper propose an implementation procedure and show a prototype example of utilization of the created ontology.