Article ID: | iaor20132541 |
Volume: | 64 |
Issue: | 5 |
Start Page Number: | 668 |
End Page Number: | 678 |
Publication Date: | May 2013 |
Journal: | Journal of the Operational Research Society |
Authors: | Contreras I, Blancas F J, Ramrez-Hurtado J M |
Keywords: | ranking |
Composite indicators (CIs), constructed on the basis of the ‘benefit of the doubt’ criterion, are characterized by endogenously determined vectors of weights. In this paper, a new procedure to construct CIs is proposed in an attempt to overcome the main weakness of this family of procedures: the determination of an individual weighting vector for each alternative, which makes comparisons between alternatives difficult and the existence of multiple ties. A new procedure is proposed which, while maintaining the essence of DEA‐inspired procedures determines a common weighting vector to evaluate the complete set of alternatives and includes the discrimination between alternatives as an objective of the procedure.