Please use this identifier to cite or link to this item: https://doi.org/10.1109/IEEM.2007.4419148
Title: A multiplicative optimization model for constructing composite indicators
Authors: Zhou, P. 
Ang, B.W. 
Poh, K.L. 
Fan, L.W.
Keywords: Aggregation
Composite indicator
Multiple criteria decision analysis
Technology achievement
Weighting
Issue Date: 2007
Source: 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
URI: http://scholarbank.nus.edu.sg/handle/10635/72247
ISBN: 1424415292
DOI: 10.1109/IEEM.2007.4419148
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