The Use of Information Entropy and Expert Opinion in Maximizing the Discriminating Power of Composite Indicators

The Use of Information Entropy and Expert Opinion in Maximizing the Discriminating Power of Composite Indicators

This research offers a solution to a highly recognized and controversial problem within the composite indicator literature: sub-indicators weighting. The research proposes a novel hybrid weighting method that maximizes the discriminating power of the composite indicator with objectively defined weig...

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Bibliographic Details
Main Authors: Matheus Pereira Libório, Roxani Karagiannis, Alexandre Magno Alvez Diniz, Petr Iakovlevitch Ekel, Douglas Alexandre Gomes Vieira, Laura Cozzi Ribeiro
Format: Article
Language:English
Published: MDPI AG 2024-02-01
Series:Entropy
Subjects:
composite indicators
information entropy
cost of doing business
discriminating power
hybrid weighting scheme
Online Access:https://www.mdpi.com/1099-4300/26/2/143

Internet

https://www.mdpi.com/1099-4300/26/2/143

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