An application of reference point techniques to the calculation of synthetic sustainability indicators

Ruiz, Francisco; Cabello, José Manuel Jiménez; Luque, Mariano

doi:10.1057/jors.2009.187

Cited by 54 publications

(47 citation statements)

References 8 publications

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“…Indeed, most MDF methodologies start from the hypothesis that there is a certain degree of compensation between criteria and indicators (C/ I), so that, in principle, on using these techniques we should always be talking about a weak sustainability. However, exceptions to this rule have been found in works like Blancas et al 2010, using goal programming, and in Ruiz et al (2011) where, instead of an aggregate index, two synthetic ones are proposed: one with a weak sustainability orientation and the other a strong one.…”

Section: Strong and Weak Sustainabilitymentioning

confidence: 99%

“…In this way, the level of robustness of the sustainable measures obtained with respect to changes in the values of the preferential weights can be checked. This approach is an improvement on the latter one, and is adopted in many works like that of Ruiz et al (2011); Doukas et al 2010; Streimikiene et al (2012). In a recent paper, Becker et al (2017) deal with a modification of this approach in order to measure the importance of each indicator in a composite index.…”

Section: The Weighting Questionmentioning

confidence: 99%

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Measuring the sustainability of a natural system by using multi-criteria distance function methods: Some critical issues

Dı́az-Balteiro

Belavenutti

Ezquerro

et al. 2018

Journal of Environmental Management

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There is an important body of literature using multi-criteria distance function methods for the aggregation of a battery of sustainability indicators in order to obtain a composite index. This index is considered to be a proxy of the sustainability goodness of a natural system. Although this approach has been profusely used in the literature, it is not exempt from difficulties and potential pitfalls. Thus, in this paper, a significant number of critical issues have been identified showing different procedures capable of avoiding, or at least of mitigating, the inherent potential pitfalls associated with each one. The recommendations made in the paper could increase the theoretical soundness of the multi-criteria distance function methods when this type of approach is applied in the sustainability field, thus increasing the accuracy and realism of the sustainability measurements obtained.

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Section: Strong and Weak Sustainabilitymentioning

confidence: 99%

Section: The Weighting Questionmentioning

confidence: 99%

Measuring the sustainability of a natural system by using multi-criteria distance function methods: Some critical issues

Dı́az-Balteiro

Belavenutti

Ezquerro

et al. 2018

Journal of Environmental Management

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show abstract

“…A su vez los pesos asignados a cada tema dentro de las áreas claves han sido fijados por gestores políticos del gobierno regional. Para el análisis de cada indicador, así como para la definición de los indicadores sintéticos se ha utilizado una técnica de doble punto de referencia Wierzbicki et al (2000), Ruiz et al (2010). Más concretamente se ha fijado para cada indicador un nivel de reserva (el valor mínimo admisible) y un nivel de aspiración (el valor deseable).…”

Section: Actas Del Seminario Internacional Destinos Turísticos Inteliunclassified

Congresos - Seminario Destinos Turisticos Inteligentes 2017 - Libro de Actas

Rebollo¹,

Baidal²,

Bernabéu³

2017

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“…These facts have led us to adapt this double reference point scheme to our problem, as described next (see Cabello et al (2014)). This scheme is based on the one described in Ruiz et al (2010) for the determination of synthetic sustainability indicators.…”

Section: The Reference Point Based Approachmentioning

confidence: 99%

Portfolio Selection with SRI Synthetic Indicators: A Reference Point Method Approach

Méndez-Rodrı́guez

Pérez-Gladish

Cabello

et al. 2014

International Series in Operations Research &Amp; Management Science

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In this chapter we present an individual investment decision making tool for stocks' portfolio selection taking into account the subjective and individual preferences about different financial and socially responsible features of a particular investor. In order to do so, the first problem to be solved is the measurement of the degree of social responsibility of a financial asset. In this work we use a double reference point scheme to obtain synthetic indicators of the social responsibility degree of stocks. Then, a mixed reference point classification scheme is used to solve the resulting multiple criteria portfolio selection model including, together with the classical financial criteria, a social responsibility criterion based on the synthetic social indicators previously obtained. In order to illustrate the suitability and applicability of the proposed investment decision making model, an empirical study on a set of Spanish domiciled stocks is presented. IntroductionAs we have seen in the first part of this book, the current long economic recession has affected all dimensions of the world economy and the asset management industry has not been immune to these negative impacts. In Chap. 2 we have described the situation of the Spanish financial market which has not been an exception. The overall asset management market in Spain has seen total assets under management reduce considerably over the past several years, due to, firstly, contagion effects from the global financial crisis of 2007-2008. Moreover, another reason for that have been the corrections experienced in the overheated local housing and commercial real estate market. For instance, an according to the latest published P. Méndez-Rodríguez • B. Pérez-Gladish ( ) Universidad de Oviedo, Avda. del Cristo s/n,

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An application of reference point techniques to the calculation of synthetic sustainability indicators

Cited by 54 publications

References 8 publications

Measuring the sustainability of a natural system by using multi-criteria distance function methods: Some critical issues

Measuring the sustainability of a natural system by using multi-criteria distance function methods: Some critical issues

Congresos - Seminario Destinos Turisticos Inteligentes 2017 - Libro de Actas

Portfolio Selection with SRI Synthetic Indicators: A Reference Point Method Approach

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