APPLICATION OF THE POSITIONAL POT-TOPSIS METHOD TO THE ASSESSMENT OF FINANCIAL SELF-SUFFICIENCY OF LOCAL ADMINISTRATIVE UNITS

Aleksandra ?uczak (), Ma?gorzata Just () and Agnieszka Kozera ()
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Aleksandra ?uczak: Pozna? University of Life Sciences
Ma?gorzata Just: Pozna? University of Life Sciences
Agnieszka Kozera: Pozna? University of Life Sciences

No 6910173, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: In this paper we propose new approach to the construction of synthetic measure, where the objects are described by the characteristics with strong asymmetry and outliers. The aim of the paper is to present the application potential of the tools of the Extreme Values Theory (EVT) i.e. Peaks over Threshold Model (POT) in constructing a synthetic measure based of positional Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS), that utilize the spatial median of Weber. POT model has been used for identification of outliers and to determination of the positive and negative ideal solutions of financial self-sufficiency of local administrative units (LAUs). This approach is used in the assessment of financial self-sufficiency of LAUs in Poland in 2016.

Keywords: positional POT-TOPSIS; Extreme Values Theory; Peaks over Threshold Model; synthetic measure; financial self-sufficiency; local administrative units (search for similar items in EconPapers)
JEL-codes: C10 C49 H70 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2018-10
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Citations: View citations in EconPapers (2)

Published in Proceedings of the Proceedings of the 10th Economics & Finance Conference, Rome, Oct 2018, pages 601-612

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:6910173

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