Mean value and volume-based sensitivity analysis for Olympic rankings

This article describes two methods of creating Olympic rankings based on number of medals won. One method is based on the weighted mean value, which we will show is equivalent to the compromise programming known in Multi-Criteria Decision Analysis (MCDM). The other method uses volume-based sensitivity analysis. Both methods presented in this paper can also be used to construct rankings that include more than just the three top positions.

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Year of publication:	2012
Authors:	Sitarz, Sebastian
Published in:	European Journal of Operational Research. - Elsevier, ISSN 0377-2217. - Vol. 216.2012, 1, p. 232-238
Publisher:	Elsevier
Subject:	Olympic ranking \| Multi criteria decision making \| Sensitivity analysis \| Mean value \| Volume

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010574155