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2020 | 30 | nr 3 | 77--96
Tytuł artykułu

Using Individual and Common Reference Points to Measure the Performance of Alternatives in Multiple Criteria Evaluation

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
When evaluating or ordering alternatives concerning given multiple criteria, decision-makers often use aspiration and reservation levels for criteria, which allows them to define some reference alternatives that build a common framework for the evaluation. In this paper, new multiple criteria approach, called distances to aspiration reference points (DARP), is presented, which can be implemented in a specific evaluation or ranking problem when many different aspiration levels should be taken into consideration. One example of such problem is measuring sustainable development of countries or states within the Union. In DARP, to measure the performance of alternative (state), the notion of distances between alternative and individual or common aspiration reference points is used. To manage the problem of different reference points, a modified max-min normalisation technique is proposed. DARP application for measuring smart growth of the EU countries is conducted to demonstrate the effectiveness of the proposed method. (original abstract)
Rocznik
Tom
30
Numer
Strony
77--96
Opis fizyczny
Twórcy
  • University of Bialystok, Poland
  • Bialystok University of Technology, Białystok, Poland
  • University of Economics in Katowice, Poland
Bibliografia
  • [1] AIRES R.F.F., FERREIRA L., The rank reversal problem in multi-criteria decision making: a literature review, Pesq. Oper., 2018, 38 (2), 331-362.
  • [2] BANDURA R., Composite Indicators and Rankings. Inventory 2011, Technical report, Office of Development Studies, United Nations Development Programme (UNDP), New York 2011.
  • [3] BASTER N., Measuring Development. The Role and Adequacy of Development Indicators, Frank Cass, London 1972.
  • [4] BAZERMAN M., MOORE D.A., Judgment in Managerial Decision Making, Wiley, 2009.
  • [5] BEHZADIAN M., OTAGHSARA S.K., YAZDANI M., IGNATIUS J., A state-of-the-art survey of TOPSIS applications, Exp. Syst. Appl., 2012, 39, 13051-13069.
  • [6] BURNS T., ROSZKOWSKA E., Social Theory of Choice. From Simon and Kahneman-Tversky to GGT modeling of socially contextualized decision situations, Opt. Econ. Studies, 2008, 3 (39), 3-44.
  • [7] BÜYÜKÖZKAN G., KARABULUT Y., Sustainability performance evaluation. Literature review and future directions, J. Environ. Manage., 2018, 217, 253-267.
  • [8] CHATTERJEE P., CHAKRABORTY S., A comparative analysis of VIKOR method and its variants, Dec. Sci. Lett., 2016, 5, 469-486.
  • [9] DIAZ-BALTEIRO L., GONZÁLEZ-PACHÓN J., ROMERO C., Measuring systems sustainability with multi-criteria methods. A critical review, Eur. J. Oper. Res., 2017, 258 (2), 607-616.
  • [10] DI DOMIZIO M., The competitive balance in the Italian football league. A taxonomic approach, wpcomunite.it, Department of Communication, University of Teramo, 2008, 48.
  • [11] European Commission, Europe 2020, A strategy for smart, sustainable and inclusive growth, Brussels 2010, http.//ec.europa.eu/eu2020/pdf/COMPLET EN BARROSO 007 - Europe 2020 - EN version.pdf (accessed 20 November 2019).
  • [12] EUROSTAT, Europe 2020 indicators - country profiles, 2019, https.//ec.europa.eu/eurostat/statistics-explained/index.php?title=Europe_2020_indicators_-_country_profiles
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171610159

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