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|Title:||A multiplicative optimization model for constructing composite indicators|
|Authors:||Zhou, P. |
Multiple criteria decision analysis
|Citation:||Zhou, P., Ang, B.W., Poh, K.L., Fan, L.W. (2007). A multiplicative optimization model for constructing composite indicators. IEEM 2007: 2007 IEEE International Conference on Industrial Engineering and Engineering Management : 45-48. ScholarBank@NUS Repository. https://doi.org/10.1109/IEEM.2007.4419148|
|Abstract:||Composite indicators (CIs) have been widely used for benchmarking and performance comparisons in many different areas. Past studies have shown that the weighted product method may be a good choice in constructing CIs. However, a problem in its application is the determination of the weights for sub-indicators. This paper extends the weighted product method and proposes a multiplicative optimization model for constructing CIs to avoid the subjectivity in determining the weights for sub-indicators. Additional information on the weights, if available, can be easily incorporated into the proposed model. A case study on the Technology Achievement Index is given to illustrate the use of the proposed multiplicative optimization model. © 2007 IEEE.|
|Source Title:||IEEM 2007: 2007 IEEE International Conference on Industrial Engineering and Engineering Management|
|Appears in Collections:||Staff Publications|
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