A multiple-criteria composite index model for quantitative and qualitative data

This paper provides a framework for evaluating a set of alternatives relative to a combination of ordinal and cardinal criteria. The proposed model creates a mixed criteria composite index for each alternative being considered, thereby providing a vehicle for prioritizing the alternative set. Applications are presented involving the ranking of capital construction projects in a hydroelectric company, and the prioritization of highway rehabilitation and construction initiatives. The status of implementation of a software package for the model is discussed. Shortcomings and concerns are examined.