Article ID: | iaor20119349 |
Volume: | 216 |
Issue: | 1 |
Start Page Number: | 232 |
End Page Number: | 238 |
Publication Date: | Jan 2012 |
Journal: | European Journal of Operational Research |
Authors: | Sitarz Sebastian |
Keywords: | decision theory: multiple criteria |
This article describes two methods of creating Olympic rankings based on number of medals won. One method is based on the weighted mean value, which we will show is equivalent to the compromise programming known in Multi‐Criteria Decision Analysis (MCDM). The other method uses volume‐based sensitivity analysis. Both methods presented in this paper can also be used to construct rankings that include more than just the three top positions.