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
AbstractThe 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.
|Publication size in sheets||0.5|
|Book||Papież Monika, Śmiech Sławomir (eds.): Proceedings of the 12th Professor Aleksander Zelias International Conference on Modelling and Forecasting of Socio-Economic Phenomena, Socio-Economic Modelling and Forecasting, no. 1, 2018, Foundation of the Cracow University of Economics, ISBN 978-83-65907-20-2, 611 p.|
|Keywords in English||small enterprises, interval-valued symbolic variables, multidimensional scaling, composite measures|
|Score||= 5.0, 11-03-2020, ChapterFromConference|
|Citation count*||6 (2020-09-12)|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.