hrcak mascot   Srce   HID

Izvorni znanstveni članak
https://doi.org/10.1515/crebss-2016-0005

Multivariate approach to imposing additional constraints on the Benefit-of-the-Doubt model: The case of QS World University Rankings by Subject

Milica Maričić   ORCID icon orcid.org/0000-0003-0441-9899 ; Faculty of Organizational Sciences, University of Belgrade, Belgrade, Serbia
Milica Bulajić ; Faculty of Organizational Sciences, University of Belgrade, Belgrade, Serbia
Zoran Radojičić ; Faculty of Organizational Sciences, University of Belgrade, Belgrade, Serbia
Veljko Jeremić ; Faculty of Organizational Sciences, University of Belgrade, Belgrade, Serbia

Puni tekst: engleski, pdf (371 KB) str. 1-14 preuzimanja: 181* citiraj
APA 6th Edition
Maričić, M., Bulajić, M., Radojičić, Z. i Jeremić, V. (2016). Multivariate approach to imposing additional constraints on the Benefit-of-the-Doubt model: The case of QS World University Rankings by Subject. Croatian Review of Economic, Business and Social Statistics, 2 (1), 1-14. https://doi.org/10.1515/crebss-2016-0005
MLA 8th Edition
Maričić, Milica, et al. "Multivariate approach to imposing additional constraints on the Benefit-of-the-Doubt model: The case of QS World University Rankings by Subject." Croatian Review of Economic, Business and Social Statistics, vol. 2, br. 1, 2016, str. 1-14. https://doi.org/10.1515/crebss-2016-0005. Citirano 15.11.2019.
Chicago 17th Edition
Maričić, Milica, Milica Bulajić, Zoran Radojičić i Veljko Jeremić. "Multivariate approach to imposing additional constraints on the Benefit-of-the-Doubt model: The case of QS World University Rankings by Subject." Croatian Review of Economic, Business and Social Statistics 2, br. 1 (2016): 1-14. https://doi.org/10.1515/crebss-2016-0005
Harvard
Maričić, M., et al. (2016). 'Multivariate approach to imposing additional constraints on the Benefit-of-the-Doubt model: The case of QS World University Rankings by Subject', Croatian Review of Economic, Business and Social Statistics, 2(1), str. 1-14. https://doi.org/10.1515/crebss-2016-0005
Vancouver
Maričić M, Bulajić M, Radojičić Z, Jeremić V. Multivariate approach to imposing additional constraints on the Benefit-of-the-Doubt model: The case of QS World University Rankings by Subject. Croatian Review of Economic, Business and Social Statistics [Internet]. 2016 [pristupljeno 15.11.2019.];2(1):1-14. https://doi.org/10.1515/crebss-2016-0005
IEEE
M. Maričić, M. Bulajić, Z. Radojičić i V. Jeremić, "Multivariate approach to imposing additional constraints on the Benefit-of-the-Doubt model: The case of QS World University Rankings by Subject", Croatian Review of Economic, Business and Social Statistics, vol.2, br. 1, str. 1-14, 2016. [Online]. https://doi.org/10.1515/crebss-2016-0005

Sažetak
Composite indexes have become a valuable asset for stakeholders as they provide ranks of entities and information upon which decisions are made. However, certain questions about their development procedure have been raised recently, especially regarding the weighting process. To tackle the observed issue, in this paper we propose a new multivariate approach for defining weights. Namely, the model based on the Data Envelopment Analysis (DEA), the Benefit-of-the-Doubt (BoD) model, has been used with significant success in the process of composite index development. On the other hand, the Composite I-distance Indicator (CIDI) methodology stands out as an impartial method for assigning weights to indicators. By combining these two approaches, some of the limitations of the original BoD model could be overcome. As a result, new entity-specific weights which maximize the value of the composite index can be proposed. As a case study, we analysed the Quacquarelli Symonds (QS) World University Rankings by Subject in the field of statistics and operational research. The obtained results, which are based on the data-driven weights, can provide new insights into the nature of the observed ranking. The approach presented here might provoke further research on the topic of composite index weights and on the university rankings by subject.

Ključne riječi
Benefit-of-Doubt model; Composite I-distance Indicator (CIDI); operational research; university rankings by subject

Hrčak ID: 166293

URI
https://hrcak.srce.hr/166293

Posjeta: 341 *