• Slavica Miletić Institute of Мining and Мetallurgy Bor, Zeleni Bulevar 35, Bor, Serbia
  • Dejan Bogdanović Belgrade University – Technical faculty Bor, Ul. V. Jugoslavije 12, Bor, Serbia
  • Goran Stojanović University "Union – Nikola Tesla" Belgrade – Faculty of applied sciences, St. Obrenoviceva 46, Nis, Serbia
  • Ana Milijić University in Nis – Innovation Center, Univerzitetski Trg 2, Nis, Serbia
  • Marko Trišić High Business School “Prof. dr. Radomir Bojkovic”, Toplicina 12, Krusevac, Serbia
Keywords: Business Models, Unstable Situation, Mining Companies


This paper aims to rank business models for successfully overcoming socio-economic instability through criteria using an appropriate multicriteria decision-making method (MCDM). In this paper, the AHP method was used to calculate the difficulty criteria. The literature review identified and analyzed six business models: digital business models where companies will be found, competitive advantage models, global, deglobal, market models based on new products and services and customer-built business models.The findings of this research improve the understanding of several business models on the basis of which the management of mining companies can successfully overcome the socio - economically unstable situation.


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How to Cite
Miletić, S., Bogdanović, D., Stojanović, G., Milijić, A., & Trišić, M. (2022). SELECTION OF BUSINESS MODELS IN UNSTABLE CONDITIONS IN MINING COMPANIES. Podzemni Radovi, (41), 1-14.