Social Choice problem is defined for a finite set of alternatives A, over which a finite number of agents have preferences. Solution to the problem is a rule determining alternatives, which are the “best” to the group. The Condorcet winner is regarded as the best choice but it is absent in...

The Competitive Industrial Performance index (developed by experts of the UNIDO) is designed as a measure of national competitiveness. Index is an aggregate of eight observable variables, representing different dimensions of competitive industrial performance. Instead of using a cardinal...