Author
For further details log on website :
http://econpapers.repec.org/article/eeeejores/v_3a242_3ay_3a2015_3ai_3a2_3ap_3a620-630.htm
European Journal of Operational Research, 2015, vol. 242, issue 2, pages 620-630
Abstract: The construction of composite indicators (CI) is useful to synthesize complex social and economic phenomena, but some underlying assumptions in “classical methods”, as in particular the compensability among indicators, are very strictly. The aim of this paper is to propose an original approach that enhance non-compensatory issue by introducing “directional” penalties in a Benefit of the Doubt model in order to consider the preference structure among simple indicators. Principal component analysis on simple indicators hyperplane allows to estimate both the direction and the intensity of the average rates of substitution. Under an empirical point of view, our method has been tested on both simulated data and on infrastructural endowment data in European regions.
Keywords: Composite indicators; Non-compensatory; Directional efficiency, (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (8) Track citations by RSS feed
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (8) Track citations by RSS feed
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0377221714008388
Full text for ScienceDirect subscribers only
http://www.sciencedirect.com/science/article/pii/S0377221714008388
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text
Access Statistics for this article
European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati
More articles in European Journal of Operational Research from Elsevier
Series data maintained by Dana Niculescu (repec@elsevier.com).
Series data maintained by Dana Niculescu (repec@elsevier.com).
For further details log on website :
http://econpapers.repec.org/article/eeeejores/v_3a242_3ay_3a2015_3ai_3a2_3ap_3a620-630.htm
No comments:
Post a Comment