Article: Monitoring multidimensional phenomena with a multicriteria composite performance interval approach Journal: International Journal of Multicriteria Decision Making (IJMCDM) 2021 Vol.8 No.4 pp.368 - 385 Abstract: In the last two decades, the construction of composite indicators to measure and compare multidimensional phenomena in a broad spectrum of domains has increased considerably. Different methodological approaches are used to summarise huge datasets of information in a single figure. This paper proposes a new approach that consists in computing a multicriteria composite performance interval based on different aggregation rules. The suggested approach provides an additional layer of information as the performance interval displays a lower bound from a non-compensability perspective, and an upper bound allowing for full-compensability. The outstanding features of this proposal are: 1) a distance-based multicriteria technique is taken as the baseline to construct the multicriteria performance interval; 2) the aggregation of distances/separation measures is made using particular cases of Minkowski Lp metric; 3) the span of the multicriteria performance interval can be considered as a sign of the dimensions or indicators balance. Inderscience Publishers - linking academia, business and industry through research

Title: Monitoring multidimensional phenomena with a multicriteria composite performance interval approach

Authors: Ana Garcia-Bernabeu; Adolfo Hilario-Caballero; David Pla-Santamaria; Francisco Salas-Molina

Addresses: Department of Economics and Social Sciences, Universitat Politècnica de València, Camino de Vera s/n, 46022 Valencia, Spain ' Institute of Control Systems and Industrial Computing (ai2), Universitat Politècnica de València, Camino de Vera s/n, 46022 Valencia, Spain ' Department of Economics and Social Sciences, Universitat Politècnica de València, Camino de Vera s/n, 46022 Valencia, Spain ' Universitat de València, Tarongers, s/n 46022 València, Spain

Abstract: In the last two decades, the construction of composite indicators to measure and compare multidimensional phenomena in a broad spectrum of domains has increased considerably. Different methodological approaches are used to summarise huge datasets of information in a single figure. This paper proposes a new approach that consists in computing a multicriteria composite performance interval based on different aggregation rules. The suggested approach provides an additional layer of information as the performance interval displays a lower bound from a non-compensability perspective, and an upper bound allowing for full-compensability. The outstanding features of this proposal are: 1) a distance-based multicriteria technique is taken as the baseline to construct the multicriteria performance interval; 2) the aggregation of distances/separation measures is made using particular cases of Minkowski L_p metric; 3) the span of the multicriteria performance interval can be considered as a sign of the dimensions or indicators balance.

Keywords: composite indicators; multicriteria decision making; compensability; performance interval.

DOI: 10.1504/IJMCDM.2021.120760

International Journal of Multicriteria Decision Making, 2021 Vol.8 No.4, pp.368 - 385

Received: 30 Mar 2021
Accepted: 01 Oct 2021
Published online: 07 Feb 2022 *

Title: Monitoring multidimensional phenomena with a multicriteria composite performance interval approach

Keep up-to-date