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Application Of The Positional Pot-Topsis Method To The Assessment Of Financial Self-Sufficiency Of Local Administrative Units

Author

Listed:
  • Aleksandra ?uczak

    (Pozna? University of Life Sciences)

  • Ma?gorzata Just

    (Pozna? University of Life Sciences)

  • Agnieszka Kozera

    (Pozna? University of Life Sciences)

Abstract

In this paper we propose new approach to the construction of synthetic measure, where the objects are described by the characteristics with strong asymmetry and outliers. The aim of the paper is to present the application potential of the tools of the Extreme Values Theory (EVT) i.e. Peaks over Threshold Model (POT) in constructing a synthetic measure based of positional Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS), that utilize the spatial median of Weber. POT model has been used for identification of outliers and to determination of the positive and negative ideal solutions of financial self-sufficiency of local administrative units (LAUs). This approach is used in the assessment of financial self-sufficiency of LAUs in Poland in 2016.

Suggested Citation

  • Aleksandra ?uczak & Ma?gorzata Just & Agnieszka Kozera, 2018. "Application Of The Positional Pot-Topsis Method To The Assessment Of Financial Self-Sufficiency Of Local Administrative Units," Proceedings of Economics and Finance Conferences 6910173, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:6910173
    as

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    File URL: https://iises.net/proceedings/10th-economics-finance-conference-rome/table-of-content/detail?cid=69&iid=043&rid=10173
    File Function: First version, 2018
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    Citations

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    Cited by:

    1. Aleksandra Łuczak & Małgorzata Just, 2020. "The positional MEF-TOPSIS method for the assessment of complex economic phenomena in territorial units," Statistics in Transition New Series, Polish Statistical Association, vol. 21(2), pages 157-172, June.
    2. Łuczak, Aleksandra & Just, Małgorzata, 2021. "Sustainable development of territorial units: MCDM approach with optimal tail selection," Ecological Modelling, Elsevier, vol. 457(C).

    More about this item

    Keywords

    positional POT-TOPSIS; Extreme Values Theory; Peaks over Threshold Model; synthetic measure; financial self-sufficiency; local administrative units;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General

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