InterCriteria Decision Making Approach to EU Member States Competitiveness Analysis: Trend Analysis

Abstract

In this paper, we continue our investigations of the newly developed InterCriteria Decision Making (ICDM) approach with considerations about the more appropriate choice of the employed intuitionistic fuzzy threshold values. In theoretical aspect, our aim is to identify the relations between the thresholds of inclusion of new elements to the set of strictly correlating criteria and the numbers of correlating pairs of criteria thus formed. We illustrate the findings with data extracted from the World Economic Forum’s Global Competitiveness Reports for the years 2008–2009 to 2013–2014 for the current 28 Member States of the European Union. The study of the findings from the considered six-year period involves trend analysis and computation of two approximating functions: a linear function and a polynomial function of 6^th order. The per-year trend analysis of each of the 12 criteria, called ‘pillars of competitiveness’ in the WEF’s GCR methodology, gives an opportunity to prognosticate their values for the forthcoming year 2014–2015.