Mean value and volume-based sensitivity analysis for Olympic rankings

Sebastian Sitarz

European Journal of Operational Research, 2012, vol. 216, issue 1, 232-238

Abstract: 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.

Keywords: Olympic ranking; Multi criteria decision making; Sensitivity analysis; Mean value; Volume (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:216:y:2012:i:1:p:232-238

DOI: 10.1016/j.ejor.2011.07.010

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