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Search results for: composite indicator
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Quantitative Storytelling in the Making of a Composite Indicator
PublicationThe reasons for and against composite indicators are briefly reviewed, as well as the available theories for their construction. After noting the strong normative dimension of these measures—which ultimately aim to ‘tell a story’, e.g. to promote the social discovery of a particular phenomenon, we inquire whether a less partisan use of a composite indicator can be proposed by allowing more latitude in the framing of its construction....
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Mathematical analysis of transformer insulation state by means of composite indicator
PublicationThe paper is presenting mathematical model – composite indicator (CI), which was utilized on insulating state of distribution transformer to analyze and sensibility of individual measurements methods mutual comparison. We can uniquely determine importance of these measurements methods with this mathematical apparatus in these measurements methods in insulating state of transformers.
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Mathematical modelling: Lessons from composite indicators
PublicationWe discuss here composite indicators as mathematical models, which can be looked at through the lenses of the five rules discussed in this volume. Composite indicators sit between analysis and advocacy, and their use has social and political implications. For this reason, the lenses of the manifesto can be used to build them better, to make them more transparent, as well as to inspect incumbent indicators for methodological or...
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Application of composite indicators and nonparametric methods to evaluate and improve the efficiency of the technical universities
PublicationPublicly funded universities, like commercial organizations are obliged to ensure their efficiency. This article presents a model to measure and assess the relative efficiency of technical universities. The analysis was performed using publically available data from 2011 for 18 universities using the Composite Indicators method and the SBM Data Envelopment Analysis model. Fourteen indicators for efficiency were defined in the five...
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Standard of living in Poland at regional level - classification with Kohonen self-organizing maps
PublicationThe standard of living is spatially diversified and its analyzes enable shaping regional policy. Therefore, it is crucial to assess the standard of living and to classify regions due to their standard of living, based on a wide set of determinants. The most common research methods are those based on composite indicators, however, they are not ideal. Among the current critiques moved to the use of composite...
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Implementation of the Concept of Flexicurity in the Selected Countries of Central Eastern Europe
PublicationThe CEE countries have to create their own flexicurity policies which would take into account the employment policy guidelines, cultural traditions and socio-economic development. The aim of this article is to examine and evaluate the implementation of the flexicurity concept on the basis of the adopted set of composite indicators. The study covers 9 countries of the CEE region, and the research period covers the years 2007 and 2013....
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Opitmalising Human Development Index with sensitivity analysis
PublicationResearch background: Composite indicators are commonly used not only to measure economic development, the standard of livin g, competitiveness, fairness, effectiveness but are also willingly implemented in to many different fields. How- ever, it seems that in most cases the variable weig hting procedure is avoided or erroneous since in most cases so-called “wights by belief” are...
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Sensitivity analysis as a tool to optimise Human Development Index
PublicationResearch background: Composite indicators are commonly used as an approximation tool to measure economic development, the standard of living, competitiveness, fairness, effectiveness, and many others being willingly implemented into many different research disciplines. However, it seems that in most cases, the variable weighting procedure is avoided or erroneous since, in most cases, the so-called...
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Innovative investment funds and stability of financial systems: Nonparametric study of exchange-traded funds in Europe
PublicationThe main aim of the paper is investigation of the potential contribution of exchange-trade funds (ETFs) to the instability of the European financial systems. The paper begins with presentation of the key theoretical concepts with regard to ETFs and financial stability. We discuss the key attributes of ETFs as the innovative category of investment funds, their hypothesized impact on the financial stability as well as briefly describe...
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SDGs implementation, their synergies, and trade-offs in EU countries – Sensitivity analysis-based approach
PublicationSustainable development is one of the most urgent challenges facing humanity. Its basic principle is to improve people’s well-being and maintain it over time. In 2015, the United Nations approved 17 sustainable development goals (SDGs) to ensure a better and sustainable future for all, balancing economic, social and environmental development. SDGs create an ‘indivisible whole’; thus, examining their interactions is crucial. Our...
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Changes in the Global Competitiveness Index 4.0 Methodology: The Improved Approach of Competitiveness Benchmarking
PublicationThe Global Competitiveness Index (GCI) developed by the World Economic Forum (WEF) is used as a standard for measuring a country’s competitiveness. However, in literature, the GCI has been accused of numerous methodological flaws. Consequently, in 2018, the WEF introduced significant methodological changes. This study aims to examine whether the methodological modifications in the GCI’s structure increase its ability to capture...