Constructing the FEEM Sustainability Index: A Choquet-Integral Application
This paper presents an application of a multi-attribute aggregation methodology to the construction of a sustainability index. Sustainability is a multi-faceted issue, in which synergies or conflicts may arise among the different components, thus making it a complex concept to which multi attribute methods can be applied. This paper addresses the development of the FEEM Sustainability Index (FEEM SI), a composite index including 19 different indicators grouped in the three classical pillars of sustainability ?economic, social and environmental. We present the relevance of multi-attribute aggregation methodologies when dealing with such complex concepts and provide an aggregation methodology used for this case study, the Choquet-integral aggregation. In particular, since this methodology requires the assignment of weights on indicators and their coalitions, an ad hoc questionnaire is implemented to assess the importance of sustainability indicators through expert elicitation. After computing consensus weights for the Choquet-integral aggregation procedure the overall sustainability index, the FEEM SI is calculated. This paper also conducts robustness analysis and discusses the main implications of the aggregation methodology used.
|Date of creation:||Jun 2012|
|Date of revision:|
|Contact details of provider:|| Postal: Corso Magenta, 63 - 20123 Milan|
Web page: http://www.feem.it/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jean-Charles Billaut & Denis Bouyssou & Philippe Vincke, 2010. "Should you believe in the Shanghai ranking?," Post-Print hal-00388319, HAL.
- Elettra Agliardi, 2011. "Sustainability in Uncertain Economies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 48(1), pages 71-82, January.
- Bohringer, Christoph & Loschel, Andreas, 2006. "Computable general equilibrium models for sustainability impact assessment: Status quo and prospects," Ecological Economics, Elsevier, vol. 60(1), pages 49-64, November.
- Giuseppe Munda, 1997. "Environmental Economics, Ecological Economics, and the Concept of Sustainable Development," Environmental Values, White Horse Press, vol. 6(2), pages 213-233, May.
- Patrick Meyer & Grégory Ponthière, 2011.
"Eliciting Preferences on Multiattribute Societies with a Choquet Integral,"
Springer;Society for Computational Economics, vol. 37(2), pages 133-168, February.
- Patrick Meyer & Grégory Ponthière, 2008. "Eliciting preferences on multiattribute societies with a Choquet integral," PSE Working Papers halshs-00586244, HAL.
- Eboli, Fabio & Parrado, Ramiro & Roson, Roberto, 2010.
"Climate-change feedback on economic growth: explorations with a dynamic general equilibrium model,"
Environment and Development Economics,
Cambridge University Press, vol. 15(05), pages 515-533, October.
- Fabio Eboli & Ramiro Parrado & Roberto Roson, 2009. "Climate Change Feedback on Economic Growth: Explorations with a Dynamic General Equilibrium Model," Working Papers 2009.43, Fondazione Eni Enrico Mattei.
- Selden Thomas M. & Song Daqing, 1994. "Environmental Quality and Development: Is There a Kuznets Curve for Air Pollution Emissions?," Journal of Environmental Economics and Management, Elsevier, vol. 27(2), pages 147-162, September.
- Ulengin, Fusun & Ilker Topcu, Y. & Sahin, Sule Onsel, 2001. "An integrated decision aid system for Bosphorus water-crossing problem," European Journal of Operational Research, Elsevier, vol. 134(1), pages 179-192, October.
- Grabisch, Michel & Labreuche, Christophe & Vansnick, Jean-Claude, 2003.
"On the extension of pseudo-Boolean functions for the aggregation of interacting criteria,"
European Journal of Operational Research,
Elsevier, vol. 148(1), pages 28-47, July.
- Michel Grabisch & Christophe Labreuche & Jean-Claude Vansnick, 2003. "On the Extension of Pseudo-Boolean Functions for the Aggregation of Interacting Criteria," Post-Print hal-00272780, HAL.
- Ness, Barry & Urbel-Piirsalu, Evelin & Anderberg, Stefan & Olsson, Lennart, 2007. "Categorising tools for sustainability assessment," Ecological Economics, Elsevier, vol. 60(3), pages 498-508, January.
- Kenneth J Arrow, 2010.
"Sustainability and the Measurement of Wealth,"
NIESR Discussion Papers
369, National Institute of Economic and Social Research.
- Marichal, Jean-Luc & Roubens, Marc, 2000. "Determination of weights of interacting criteria from a reference set," European Journal of Operational Research, Elsevier, vol. 124(3), pages 641-650, August.
- Giuseppe Munda, 2005. "“Measuring Sustainability”: A Multi-Criterion Framework," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 7(1), pages 117-134, 01.
- Kenneth Arrow & Partha Dasgupta & Lawrence Goulder & Gretchen Daily & Paul Ehrlich & Geoffrey Heal & Simon Levin & Karl-Göran Mäler & Stephen Schneider & David Starrett & Brian Walker, 2004. "Are We Consuming Too Much?," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 147-172, Summer.
- Grabisch, Michel, 1996. "The application of fuzzy integrals in multicriteria decision making," European Journal of Operational Research, Elsevier, vol. 89(3), pages 445-456, March.
- Carlo Carraro & Lorenza Campagnolo & Fabio Eboli & Elisa Lanzi & Ramiro Parrado & Elisa Portale, 2012. "Quantifying Sustainability: A New Approach and World Ranking," Working Papers 2012.94, Fondazione Eni Enrico Mattei.
When requesting a correction, please mention this item's handle: RePEc:fem:femwpa:2012.50. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (barbara racah)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.