Normalization of quantities of various dimensions

Romualdas Ginevičius

Journal of Business Economics and Management, 2008, vol. 9, issue 1, 79-86

Abstract: Currently used methods of multiple criteria evaluation (MEM) based on the values obtained allow us to establish the priority order of the considered object's alternatives. However, they do not allow us to determine the values of multicriteria evaluation of a particular alternative taken out of their context. This restricts the range of MEM applications. To expand the application area of the methods, we should know how the criteria of a particular alternative describing the object considered which are expressed in different dimensions, can be normalized. This can be achieved by dividing any different value by the respective quantity of the same dimension. The task is complicated by the fact that these quantities should be comparable for all the criteria.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.3846/1611-1699.2008.9.79-86 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:jbemgt:v:9:y:2008:i:1:p:79-86

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/TBEM20

DOI: 10.3846/1611-1699.2008.9.79-86

Access Statistics for this article

Journal of Business Economics and Management is currently edited by Izolda Joksiene, Romualdas Ginevicius and Ieva Meidute

More articles in Journal of Business Economics and Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().