Construction of a new DEA-based Composite Index for Circular
Economy Assessment in the EU

D 2024

Construction of a new DEA-based Composite Index for Circular Economy Assessment in the EU

MATULOVÁ, Markéta

Základní údaje

Originální název

Construction of a new DEA-based Composite Index for Circular Economy Assessment in the EU

Autoři

MATULOVÁ, Markéta (203 Česká republika, garant, domácí)

Vydání

Praha, Proceedings of the 42nd International Conference on Mathematical Methods in Economics, od s. 219-225, 7 s. 2024

Nakladatel

The Czech Society for Operations Research

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

elektronická verze "online"

Odkazy

URL

Kód RIV

RIV/00216224:14560/24:00137016

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-7561-482-7

Klíčová slova anglicky

Circularity; Composite index; Data Envelopment Analysis

Štítky

rivok

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 11. 3. 2025 16:22, Mgr. Alžběta Karolyiová

Anotace

V originále

In recent years, there has been growing interest in exploring the concept of the circular economy as a potential solution for enhancing the sustainability of our economic system. The development of circular economy indicators provides valuable insights allowing the evaluation of the progress on the path to circularity and sustainability. On the other hand, composite indicators often stir controversies about the unavoidable subjectivity that is connected with their construction. Usually, the normalized sub-indicators are just added, sometimes with certain weights associated with the sub-indicators. This study addresses existing research gap by focusing on the need for more robust and fair composite indices for circular economy assessment. We depart from usual approach and compute alternate composite index for EU countries using flexible weights obtained by Data Envelopment Analysis. Using flexible weighting can promote buy-in from relevant stakeholders, making the final results more widely accepted. Additionally, DEA-based indicator provides more information on the relative performance of evaluated units and offers implications such as identifying target values of sub-indicators or selecting peer units for benchmarking purposes.

Přiložené soubory

DEA-based_Composite_Index_Matulova_2024.pdf

Požádat o autorskou verzi souboru

Citovat

MATULOVÁ, Markéta. Construction of a new DEA-based Composite Index for Circular Economy Assessment in the EU. Online. In Hossein Moosaei, Josef Jablonský, Helena Brožová. Proceedings of the 42nd International Conference on Mathematical Methods in Economics. Praha: The Czech Society for Operations Research, 2024, s. 219-225. ISBN 978-80-7561-482-7.

@inproceedings{2428677,
   author = {Matulová, Markéta},
   address = {Praha},
   booktitle = {Proceedings of the 42nd International Conference on Mathematical Methods in Economics},
   editor = {Hossein Moosaei, Josef Jablonský, Helena Brožová},
   keywords = {Circularity; Composite index; Data Envelopment Analysis},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {Praha},
   isbn = {978-80-7561-482-7},
   pages = {219-225},
   publisher = {The Czech Society for Operations Research},
   title = {Construction of a new DEA-based Composite Index for Circular Economy Assessment in the EU},
   url = {https://mme2024.ujep.cz/wp-content/uploads/2024/08/MME_2024_Conference_Proceedings-V2.pdf},
   year = {2024}
}

TY  - CONF
ID  - 2428677
AU  - Matulová, Markéta
PY  - 2024
TI  - Construction of a new DEA-based Composite Index for Circular Economy Assessment in the EU
PB  - The Czech Society for Operations Research
CY  - Praha
SN  - 9788075614827
KW  - Circularity
KW  - Composite index
KW  - Data Envelopment Analysis
UR  - https://mme2024.ujep.cz/wp-content/uploads/2024/08/MME_2024_Conference_Proceedings-V2.pdf
N2  - In recent years, there has been growing interest in exploring the concept of the circular economy as a potential solution for enhancing the sustainability of our economic system. The development of circular economy indicators provides valuable insights allowing the evaluation of the progress on the path to circularity and sustainability. On the other hand, composite indicators often stir controversies about the unavoidable subjectivity that is connected with their construction. Usually, the normalized sub-indicators are just added, sometimes with certain weights associated with the sub-indicators. This study addresses existing research gap by focusing on the need for more robust and fair composite indices for circular economy assessment. We depart from usual approach and compute alternate composite index for EU countries using flexible weights obtained by Data Envelopment Analysis. Using flexible weighting can promote buy-in from relevant stakeholders, making the final results more widely accepted. Additionally, DEA-based indicator provides more information on the relative performance of evaluated units and offers implications such as identifying target values of sub-indicators or selecting peer units for benchmarking purposes.
ER  -

MATULOVÁ, Markéta. Construction of a new DEA-based Composite Index for Circular Economy Assessment in the EU. Online. In Hossein Moosaei, Josef Jablonský, Helena Brožová. \textit{Proceedings of the 42nd International Conference on Mathematical Methods in Economics}. Praha: The Czech Society for Operations Research, 2024, s.~219-225. ISBN~978-80-7561-482-7.

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