An ELECTRE-based decision aid tool for stepwise benchmarking: An application over EU Digital Agenda targets

Authors:
Marijana Petrović;Nataša Bojković;Ivan Anić;Mladen Stamenković;Sneana Pejčić Tarle
Affiliations:
Faculty of Transport and Traffic Engineering, University of Belgrade, Vojvode Stepe 305, Belgrade, Serbia;Faculty of Transport and Traffic Engineering, University of Belgrade, Vojvode Stepe 305, Belgrade, Serbia;Faculty of Mathematics, University of Belgrade, Studentski trg 16, Belgrade, Serbia;Faculty of Economics, University of Belgrade, Kamenička 6, Belgrade, Serbia;Faculty of Transport and Traffic Engineering, University of Belgrade, Vojvode Stepe 305, Belgrade, Serbia
Venue:
Decision Support Systems
Year:
2014

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Abstract

The study offers a decision support tool for stepwise benchmarking. Within a benchmarking exercise, we propose a method for selecting a preferable development path that consists of a sequence of intermediate benchmarks. First, an outranking multi-criteria approach is used to establish the hierarchical position of benchmarking units. For each unit, we evaluate possible development paths and distinguish those that are characterised by balanced improvement steps along the whole path. The proposed method can help decision makers to 1) detect disparities among benchmarking units and 2) identify intermediate benchmarks for less successful ones in each stage of their progress toward the ultimate benchmark target. The method is applied to benchmark European Union Member countries against Digital Agenda key performance targets.