Alternative approaches to constructing composite indicators : an application to construct a Sustainable Energy Index for APEC economies
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
Original language | English |
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Pages (from-to) | 747-759 |
Journal / Publication | Operational Research |
Volume | 17 |
Issue number | 3 |
Online published | 5 Apr 2016 |
Publication status | Published - Oct 2017 |
Link(s)
Abstract
Existing literature about constructing composite indicators (CIs) mainly depend on weighting sub-indicators. In this paper, we first use a state-of-the-art MCDM method with mild weights restrictions to aggregate sub-indicators, without determining exact values of weights. We take into consideration of all possible importance rankings of sub-indicators to construct CIs. Two alternative approaches, namely, minimizing the total deviation from the ideal point and minimizing the mean absolute deviation, are then proposed to develop weighting schemes with respect to all sub-indicators sequences. The proposed approaches are applied to construct a Sustainable Energy Index for eighteen APEC economies.
Research Area(s)
- Composite indicators, Multiple criteria decision making, Common weights, Aggregation, DATA-ENVELOPMENT-ANALYSIS, DEA, WEIGHTS
Citation Format(s)
Alternative approaches to constructing composite indicators: an application to construct a Sustainable Energy Index for APEC economies. / Peng, Cheng; Wu, Xunbo; Fu, Yelin et al.
In: Operational Research, Vol. 17, No. 3, 10.2017, p. 747-759.
In: Operational Research, Vol. 17, No. 3, 10.2017, p. 747-759.
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review