Weighting Scheme for Measuring the Composite Index of EU Regional Resilience.

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094433" target="_blank" >RIV/61989100:27510/15:86094433 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Weighting Scheme for Measuring the Composite Index of EU Regional Resilience.
Original language description
Composite indices have received substantial attention in recent years and various methodologies have been developed to handle different aspects of economic and business issues. General scheme of building composite indicators includes several steps that have to be made and corresponding methods have to be chosen. Primarly, selection of sub-indicators, normalizing methods, weighting schemes and aggre-gation formulas are fundamental. This paper deals with the selection of appropriate tool for weighting scheme, i.e. the issue of weights. When used in benchmarking framework, weights can have a significant effect on the overall composite indicator and the evaluated units’ rankings. Therefore an objective approach of determining weighting scheme in composite weighted index for measuring EU regional resilience is suggested. Several dimensions of regional resilience as sub-indicators exist, there-fore it is necessary to use different weighting unique for (1) each dimension of re-gional resilience, (2) each EU NUTS 2 region and (3) each year of reference period. For this purpose, the Entropy method is used to determine objective weighting scheme based on information available in the data set
Czech name
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Czech description
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Project
<a href="/en/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Research team for modelling of economic and financial processes at VSB-TU Ostrava</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Mathematical Methods in Economics, MME 2015 : 33rd international conference : conference proceedings : Cheb, Czech Republic, September 9-11, 2015
ISBN
978-80-261-0539-8
ISSN
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e-ISSN
neuvedeno
Number of pages
6
Pages from-to
525-530
Publisher name
University of West Bohemia
Place of publication
Plzeň
Event location
Cheb
Event date
Sep 9, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000387898900090

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