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An evaluation of EU member states according to human development and global competitiveness dimensions using the multi-period grey relational analysis (MP-GRA) technique

Miraç Eren, Selahattin Kaynak

Grey Systems: Theory and Application

ISSN: 2043-9377

Article publication date: 6 February 2017

245

Abstract

Purpose

The purpose of this paper is to investigate the multi-period, multi-attribute decision-making problems that arise when the information required to make decisions is provided at different periods.

Design/methodology/approach

For the multi-period grey relational analysis (MP-GRA) procedure, the time dimension is added to the grey relational analysis algorithm, which is a multi-attribute decision analysis that has been developed. As a case study to test the functionality and applicability of the model, 28 European Union member states were ranked by the MP-GRA method developed according to their human development and global competitiveness variables for the years 2006-2015.

Findings

The general ranking of EU member states has been provided in intervals of certain time periods called decision units.

Originality/value

Another dimension based on time periods has been added to a ranking technique. This case also shows that the opinions of decision-makers may be added separately to enhance evaluations.

Keywords

Citation

Eren, M. and Kaynak, S. (2017), "An evaluation of EU member states according to human development and global competitiveness dimensions using the multi-period grey relational analysis (MP-GRA) technique", Grey Systems: Theory and Application, Vol. 7 No. 1, pp. 60-70. https://doi.org/10.1108/GS-08-2016-0023

Publisher

:

Emerald Publishing Limited

Copyright © 2017, Emerald Publishing Limited

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