Institutional Repository [SANDBOX]
Technical University of Crete
EN  |  EL

Search

Browse

My Space

Quantifying uncertainty in ranking problems: A Bayesian approach

Moustakis Vasilis, Zabetakis Leonidas

Simple record


URIhttp://purl.tuc.gr/dl/dias/4510FA16-2CAE-4DE5-B9AC-B224D8577E46-
Identifierhttps://doi.org/10.1108/17465661011026176-
Languageen-
TitleQuantifying uncertainty in ranking problems: A Bayesian approachen
CreatorMoustakis Vasilisen
CreatorΜουστακης Βασιληςel
CreatorZabetakis Leonidasen
CreatorΖαμπετακης Λεωνιδαςel
PublisherEmeralden
Content Summary– The purpose of this paper is to present an inductive methodology, which supports ranking of entities. Methodology is based on Bayesian latent variable measurement modeling and makes use of assessment across composite indicators to assess internal and external model validity (uncertainty is used in lieu of validity). Proposed methodology is generic and it is demonstrated on a well‐known data set, related to the relative position of a country in a “doing business.” Design/methodology/approach – The methodology is demonstrated using data from the World Banks' “Doing Business 2008” project. A Bayesian latent variable measurement model is developed and both internal and external model uncertainties are considered. Findings – The methodology enables the quantification of model structure uncertainty through comparisons among competing models, nested or non‐nested using both an information theoretic approach and a Bayesian approach. Furthermore, it estimates the degree of uncertainty in the rankings of alternatives. Research limitations/implications – Analyses are restricted to first‐order Bayesian measurement models. Originality/value – Overall, the presented methodology contributes to a better understanding of ranking efforts providing a useful tool for those who publish rankings to gain greater insights into the nature of the distinctions they disseminate.en
Type of ItemΣύντομη Δημοσίευση σε Συνέδριοel
Type of ItemConference Short Paperen
Licensehttp://creativecommons.org/licenses/by/4.0/en
Date of Item2015-11-05-
Date of Publication2007-
Bibliographic CitationL.A Zampetakis & V. Moustakis, "Quantifying uncertainty in ranking problems: A Bayesian approach" Στην  5η Συνάντηση  Πολυκριτήριας  Ανάλυσης  Αποφάσεων, Χανιά, Κρήτη, 2007.el

Services

Statistics