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A VEA Benefit-of-the-Doubt Model for the HDI

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  • Panagiotis Ravanos

    (University of Macedonia)

  • Giannis Karagiannis

    (University of Macedonia)

Abstract

The Benefit-of-the-Doubt (BoD) model for constructing composite indicators does not account for prior judgments concerning the relative importance of individual indicators. In this paper we combine the BoD model with Value Efficiency Analysis to propose a new formulation that incorporates external preferences and value judgments by means of a “model” decision-making unit which serves as the benchmark for all other units. We explore the potential of the proposed model by using it to re-estimate the United Nations Human Development Index.

Suggested Citation

  • Panagiotis Ravanos & Giannis Karagiannis, 2021. "A VEA Benefit-of-the-Doubt Model for the HDI," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 155(1), pages 27-46, May.
    • Handle: RePEc:spr:soinre:v:155:y:2021:i:1:d:10.1007_s11205-020-02589-0
    DOI: 10.1007/s11205-020-02589-0
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    Cited by:

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    2. Ziwei Shu & Ramón Alberto Carrasco & Javier Portela García-Miguel & Manuel Sánchez-Montañés, 2022. "Multiple Scenarios of Quality of Life Index Using Fuzzy Linguistic Quantifiers: The Case of 85 Countries in Numbeo," Mathematics, MDPI, vol. 10(12), pages 1-28, June.
    3. Panagiotis Ravanos & Giannis Karagiannis, 2025. "On value efficiency analysis and cone-ratio data envelopment analysis models," Journal of Productivity Analysis, Springer, vol. 63(1), pages 49-68, February.
    4. Mosnier, Claire & Boukhriss, Sanae & Minviel, Jean-Joseph, 2023. "Does pig production improves cattle farm sustainability in the French massif central? A hierarchical constrained directional benefit-of-the-doubt approach," Agricultural Systems, Elsevier, vol. 210(C).
    5. Panagiotis Ravanos & Giannis Karagiannis, 2023. "On VEA, production trade-offs and weights restrictions," Journal of the Operational Research Society, Taylor & Francis Journals, vol. 74(10), pages 2081-2093, October.
    6. Karagiannis, Giannis, 2023. "Aggregating faculty members’ research effectiveness to the department or university level: Exact versus approximate solutions," Socio-Economic Planning Sciences, Elsevier, vol. 90(C).

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