The use of TOPSIS for Ranking WIPO’S Innovation Indicators

Abstract

The purpose of this study is to study African, Asian and Oceanic countries in the World Intellectual Property Organization (WIPO) ranking of innovation indicators by means of Multicriteria Decision Making (MCDM) analysis, as a support to the methodology applied by WIPO. The quantitative methodology used is the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS). This paper includes a Pearson’s correlation between the indicators. Results suggest a novelty to WIPO’s methodology using TOPSIS as a support for ranking countries, contributing to improve the methodology of innovation indicators by joining their qualitative and quantitative perspectives and principles.

Sistem Pendukung Keputusan bagi Penerima Bantuan Komite Sekolah Menggunakan Metode Topsis

“…Metode menjadi alat penting bagi manajer organisasi publik atau swasta untuk membuat keputusan bersifat dinamis, pembuat keputusan harus yakin bahwa proses analisis dilakukan dengan baik dan menyeluruh untuk memperkirakan hasil yang potensial dari keputusannya [6]. The Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) merupakan solusi ideal positif yang terdiri dari skor terbaik di semua kriteria [7].…”

Global Innovation Indicators analysed by multicriteria decision

“…It should be noted that TOPSIS is a compensatory method (Zyoud et al, 2016). Considering each method has its own strengths, weaknesses, and applicable situations; it is important to know "when to use what" (Gan et al, 2017); that's the reason why occurred the TOPSIS' choice, due to the compensatory nature of the method (Silva et al, 2019a).…”