Synthetic measure explained

A synthetic measure (or synthetic indicator) is a value that is the result of combining other metrics, which are measurements of various features.

Examples

Quality of service

There is a method to measure quality of service in hotels. In related study ^[1] authors aggregate tourist opinions, measured on a scale from 1 to 10. Synthetic measure (indicator) of service quality in each hotel is calculated with the help of the aggregation operator.

Project performance

Other study^[2] proposed to use classical parameters EV, PV and AC to carry out the synthetic measure of project performance.

Rankings of countries

Different normalized stimulants and destimulants were used in research^[3] to create synthetic measure that selects countries with the best and the worst levels of implementation of Europe 2020 targets.

External links

• Scientific works about synthetic measure on Google Scholar

Notes and References

1. Ban . Olimpia . 2008 . Synthetic Measure of the Quality of Service Taking into Account the Client's Perspective in the Hotel Industry . Economia Aziendale Online . 1. No 1 (2008): Issue 1/2008 . 10.13132/2038-5498/2008.1.1-7 .
2. Book: Certa . Antonella . Enea . Mario . Giallanza . Antonio . Business Performance Measurement and Management . A Synthetic Measure for the Assessment of the Project Performance . 2009-12-04 . 167–180 . 10.1007/978-3-642-04800-5_11 . 978-3-642-04799-2 .
3. Balcerzak . Adam P. . 2009-12-04 . Europe 2020 strategy and structural diversity between old and new member states. application of zero unitarization method for dynamic analysis in the years . Economics & Sociology . 8. 2 . 190–210. 10.14254/2071-789X.2015/8-2/14 . . free .