2020
DOI: 10.1016/j.omega.2019.04.003
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MRP-WSCI: Multiple reference point based weak and strong composite indicators

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Cited by 38 publications
(48 citation statements)
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“…A composite indicator involves the combination of single indicators that represent different dimensions of a concept whose description is the objective of the analysis [22]. In recent years, there has also been a significant growth in the use of composite indicators for evaluating the performance of countries and institutions in several areas such as innovation, industrial competitiveness, or sustainable development [29][30][31][32][33][34][35][36][37][38]. Then, a composite indicator allows for measuring a set of multidimensional concepts that cannot be captured by a single indicator [39] and therefore can be a useful tool in policy making.…”
Section: Critical Issues When Developing a Ce Composite Indicatormentioning
confidence: 99%
“…A composite indicator involves the combination of single indicators that represent different dimensions of a concept whose description is the objective of the analysis [22]. In recent years, there has also been a significant growth in the use of composite indicators for evaluating the performance of countries and institutions in several areas such as innovation, industrial competitiveness, or sustainable development [29][30][31][32][33][34][35][36][37][38]. Then, a composite indicator allows for measuring a set of multidimensional concepts that cannot be captured by a single indicator [39] and therefore can be a useful tool in policy making.…”
Section: Critical Issues When Developing a Ce Composite Indicatormentioning
confidence: 99%
“…Namely, a certain degree of compensation between the different indicators was presumed, although the LGP method implies that there is no finite trade-off between the different indicators of the different criteria considered [89]. However, in the literature, aggregated sustainability indexes based on multicriteria techniques including premises associated with strong sustainability can be found; i.e., it is found that there cannot be compensation between the criteria [104], nor can a certain degree of compensation between criteria even be chosen [105,106].…”
Section: Discussionmentioning
confidence: 99%
“…Often, data quality is referred to the existence of data sets maintained by institutional bodies, such as the Statistical Center of Iran (quoted by Omrani et al [23]) or the Ministry of Transport of the Province of Quebec and the City of Mascouche (quoted by Alam et al [34]), and the street-tree inventory and interactive online map maintained by the municipality of Meran, Italy (quoted by Speak et al [36]). Normalization and aggregation represent always crucial steps in CI design, while frequent subtopics concern weighting and compensatory or not-compensatory frameworks [25,39,40]. The possibility of combining indicators in a variety of patterns leads to another very important phase: sensitivity analysis aimed at ascertaining the level of robustness of a given CI [5,14,31].…”
Section: A State-of-the-art Summary On Composite Indicators Design: Gmentioning
confidence: 99%
“…where I i stands for the i-th indicator, and n for the number of indicators (in our case, three) (see also the similar case of the three indicator-based HDI, as discussed by Karagiannis and Karaggiannis [3]). The generalized geometric mean supplies CI able to merge compensatory (i.e., an increase of one indicator can be balanced by the decrease of another indicator) and non-compensatory frameworks [40] and follows this formula:…”
Section: Robustness and Sensitivitymentioning
confidence: 99%