An evaluation of EU member states according to human development and global competitiveness dimensions using the multi-period grey relational analysis (MP-GRA) technique

Eren M., KAYNAK S.

Grey Systems, cilt.7, sa.1, ss.60-70, 2017 (Scopus) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 7 Sayı: 1
  • Basım Tarihi: 2017
  • Doi Numarası: 10.1108/gs-08-2016-0023
  • Dergi Adı: Grey Systems
  • Derginin Tarandığı İndeksler: Scopus
  • Sayfa Sayıları: ss.60-70
  • Anahtar Kelimeler: European Union states, Global competitiveness, Grey relational analysis, Human development, Multi-period decision analysis, Ranking
  • Samsun Üniversitesi Adresli: Hayır

Özet

Purpose: The purpose of this paper is to investigate the multi-period, multi-attribute decision-making problems that arise when the information required to make decisions is provided at different periods. Design/methodology/approach: For the multi-period grey relational analysis (MP-GRA) procedure, the time dimension is added to the grey relational analysis algorithm, which is a multi-attribute decision analysis that has been developed. As a case study to test the functionality and applicability of the model, 28 European Union member states were ranked by the MP-GRA method developed according to their human development and global competitiveness variables for the years 2006-2015. Findings: The general ranking of EU member states has been provided in intervals of certain time periods called decision units. Originality/value: Another dimension based on time periods has been added to a ranking technique. This case also shows that the opinions of decision-makers may be added separately to enhance evaluations.