This paper focuses on the construction of a composite indicator for the knowledge based economy using imprecise data. Specifically, for some indicators we only have information on the bounds of the interval within which the true value is believed to lie. The proposed approach is based on a...

This paper focuses on the construction of a composite indicator for the knowledge based economy using imprecise data. Specifically, for some indicators we only have information on the bounds of the interval within which the true value is believed to lie. The proposed approach is based on a...

Composite indicators are regularly used for benchmarking countries' performance, but equally often stir controversies about the unavoidable subjectivity that is connected with their construction. Data Envelopment Analysis helps to overcome some key limitations, viz., the undesirable dependence...

The open method of co-ordination (OMC) intends to enhance EU Member States' performance on social inclusion. In this context a set of commonly agreed performance indicators plays an important role. While the communicative power of a synthetic indicator has been recognized, several objections...

We develop a positive non-parametric model of public sector production that allows us to test whether an implicit procedure of cost minimization at shadow prices can rationalize the outcomes of public sector activities. The basic model focuses on multiple C-outputs and does not imply any...

This paper uses a robust (order-m) DEA approach to evaluate the efficiency of Tour de France cycling teams. Since there are multiple ways this event can be successful for a cycling team, we take it that managers face strategic input decisions regarding team and rider characteristics....

Students’ evaluations of teacher performance (SETs) are increasingly used by universities and colleges for teaching improvement and decision making (e.g., promotion or tenure). However, SETs are highly controversial mainly due to two issues: (1) teachers value various aspects of excellent...