A TOPSIS extension framework for re-conceptualizing sustainability measurement

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28140%2F16%3A43874015" target="_blank" >RIV/70883521:28140/16:43874015 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.1108/K-04-2015-0106" target="_blank" >http://dx.doi.org/10.1108/K-04-2015-0106</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1108/K-04-2015-0106" target="_blank" >10.1108/K-04-2015-0106</a>

Jazyk výsledku

angličtina

Název v původním jazyce

A TOPSIS extension framework for re-conceptualizing sustainability measurement

Popis výsledku v původním jazyce

Purpose - The purpose of this paper is to propose a sustainability measurement and scoring system for assessing the efforts of organizations at meeting sustainability targets. Using technique for order preference by similarity to ideal solution (TOPSIS) as the basic framework, the proposed method incorporates all three sustainability dimensions - economic, environmental and social - to establish a threshold below which an organization is considered to have failed a sustainability test. In Addition, an introduction of a time-independent threshold enables a clearer comparison of performance of organizations over time. The proposed method includes plots for visualizing the sustainability performance of organizations under review. Design/methodology/approach - The proposed method first assigns target values to a hypothetical organization. TOPSIS is then used to generate composite scores in which the score of the hypothetical organization is set as the threshold below which organizations are deemed to have failed a sustainability test. Using the square of the closeness coefficient of TOPSIS, the final composite score is decomposed into three components to reflect the contribution of the three dimensions of sustainability to serve as a guide to determining which dimension to focus on for improvement. A relative comparison score is then proposed to track the performance of organizations over time. Findings - The proposed method with its ability to set a threshold is able to determine organizations that have passed a sustainability test from those that have failed. The proposed method can also be applied to a wide range of comparison problems including make-or-by decisions and award selection. Practical implications - As most industries and organizations become conscious of the pressure to adopt sustainable practices, the proposed measuring system would help identify those that are meeting sustainability targets as well as to track their progress over time.

Název v anglickém jazyce

A TOPSIS extension framework for re-conceptualizing sustainability measurement

Popis výsledku anglicky

Purpose - The purpose of this paper is to propose a sustainability measurement and scoring system for assessing the efforts of organizations at meeting sustainability targets. Using technique for order preference by similarity to ideal solution (TOPSIS) as the basic framework, the proposed method incorporates all three sustainability dimensions - economic, environmental and social - to establish a threshold below which an organization is considered to have failed a sustainability test. In Addition, an introduction of a time-independent threshold enables a clearer comparison of performance of organizations over time. The proposed method includes plots for visualizing the sustainability performance of organizations under review. Design/methodology/approach - The proposed method first assigns target values to a hypothetical organization. TOPSIS is then used to generate composite scores in which the score of the hypothetical organization is set as the threshold below which organizations are deemed to have failed a sustainability test. Using the square of the closeness coefficient of TOPSIS, the final composite score is decomposed into three components to reflect the contribution of the three dimensions of sustainability to serve as a guide to determining which dimension to focus on for improvement. A relative comparison score is then proposed to track the performance of organizations over time. Findings - The proposed method with its ability to set a threshold is able to determine organizations that have passed a sustainability test from those that have failed. The proposed method can also be applied to a wide range of comparison problems including make-or-by decisions and award selection. Practical implications - As most industries and organizations become conscious of the pressure to adopt sustainable practices, the proposed measuring system would help identify those that are meeting sustainability targets as well as to track their progress over time.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

IN - Informatika

OECD FORD obor

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Projekt

Výsledek vznikl pri realizaci vícero projektů. Více informací v záložce Projekty.

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název periodika

Kybernetes

ISSN

0368-492X

e-ISSN

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Svazek periodika

45

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

17

Strana od-do

70-86

Kód UT WoS článku

000370004400004

EID výsledku v databázi Scopus

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