Construction of a new DEA-based Composite Index for Circular Economy Assessment in the EU

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F24%3A00137016" target="_blank" >RIV/00216224:14560/24:00137016 - isvavai.cz</a>

Výsledek na webu

<a href="https://mme2024.ujep.cz/wp-content/uploads/2024/08/MME_2024_Conference_Proceedings-V2.pdf" target="_blank" >https://mme2024.ujep.cz/wp-content/uploads/2024/08/MME_2024_Conference_Proceedings-V2.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Construction of a new DEA-based Composite Index for Circular Economy Assessment in the EU

Popis výsledku v původním jazyce

In recent years, there has been growing interest in exploring the concept of the circular economy as a potential solution for enhancing the sustainability of our economic system. The development of circular economy indicators provides valuable insights allowing the evaluation of the progress on the path to circularity and sustainability. On the other hand, composite indicators often stir controversies about the unavoidable subjectivity that is connected with their construction. Usually, the normalized sub-indicators are just added, sometimes with certain weights associated with the sub-indicators. This study addresses existing research gap by focusing on the need for more robust and fair composite indices for circular economy assessment. We depart from usual approach and compute alternate composite index for EU countries using flexible weights obtained by Data Envelopment Analysis. Using flexible weighting can promote buy-in from relevant stakeholders, making the final results more widely accepted. Additionally, DEA-based indicator provides more information on the relative performance of evaluated units and offers implications such as identifying target values of sub-indicators or selecting peer units for benchmarking purposes.

Název v anglickém jazyce

Construction of a new DEA-based Composite Index for Circular Economy Assessment in the EU

Popis výsledku anglicky

In recent years, there has been growing interest in exploring the concept of the circular economy as a potential solution for enhancing the sustainability of our economic system. The development of circular economy indicators provides valuable insights allowing the evaluation of the progress on the path to circularity and sustainability. On the other hand, composite indicators often stir controversies about the unavoidable subjectivity that is connected with their construction. Usually, the normalized sub-indicators are just added, sometimes with certain weights associated with the sub-indicators. This study addresses existing research gap by focusing on the need for more robust and fair composite indices for circular economy assessment. We depart from usual approach and compute alternate composite index for EU countries using flexible weights obtained by Data Envelopment Analysis. Using flexible weighting can promote buy-in from relevant stakeholders, making the final results more widely accepted. Additionally, DEA-based indicator provides more information on the relative performance of evaluated units and offers implications such as identifying target values of sub-indicators or selecting peer units for benchmarking purposes.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 42nd International Conference on Mathematical Methods in Economics

ISBN

9788075614827

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

219-225

Název nakladatele

The Czech Society for Operations Research

Místo vydání

Praha

Místo konání akce

Ústí nad Labem

Datum konání akce

11. 9. 2024

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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