Evaluation of economic efficiency of small manufacturing enterprises in districts of Wielkopolska province using interval-valued symbolic data and the hybrid approach

Marek Walesiak , Grażyna Dehnel

Abstract

The article describes a hybrid approach to evaluating economic efficiency of small manufacturing enterprises (employing from 10 to 49 people) in districts of Wielkopolska province. The analysis was based on data prepared in a two-stage process. First, a dataset of 2,162 observations was obtained for three metric variables describing economic efficiency of small manufacturing enterprises. These unit-level data were aggregated at district level and turned into interval-valued symbolic data. Economic efficiency of small manufacturing enterprises was evaluated using a hybrid approach. In the first step, multidimensional scaling (see Borg and Groenen, 2005; Mair et al., 2017) is applied to obtain a visual representation of objects in a two-dimensional space. In the next step, a set of objects is ordered linearly based on the Euclidean distance from the pattern (ideal) object. The proposed approach provides new possibilities for interpreting linearly ordered results of a set of objects.
Author Marek Walesiak (EMaT / DEaCS)
Marek Walesiak,,
- Department of Econometrics and Computer Science
, Grażyna Dehnel - Poznań University of Economics and Business
Grażyna Dehnel,,
-
Pages563-572
Publication size in sheets0.5
Book Papież Monika, Śmiech Sławomir (eds.): The 12th Professor Zelias International Conference on Modelling and Forecasting of Socio-Economic Phenomena. Conference Proceedings, Socio-Economic Modelling and Forecasting, no. 1, 2018, Fundacja Uniwersytetu Ekonomicznego w Krakowie, ISBN 9788365907202, 611 p., DOI:10.14659/SEMF.2018.01
The 12th Professor Zelias International Conference on Modelling and Forecasting of Socio-Economic Phenomena. Conference Proceedings.pdf / 555,28 KB / No licence information
Keywords in Englishsmall enterprises, interval-valued symbolic variables, multidimensional scaling ,composite measures
DOIDOI:10.14659/SEMF.2018.01.57
URL http://www.semf.pl/semf_1/pdf/Walesiak_Dehnel.pdf
Languageen angielski
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Walesiak_Dehnel_Evaluation_of_economic_efficiency_of.pdf 894,14 KB
Score (nominal)20
Score sourcepublisherList
Citation count*5 (2020-07-30)
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