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An integrated multi-criteria decision making model for sustainability performance assessment for insurance companies
Indexado
WoS WOS:000519135100038
Scopus SCOPUS_ID:85079829185
DOI 10.3390/SU12030789
Año 2020
Tipo artículo de investigación

Citas Totales

Autores Afiliación Chile

Instituciones Chile

% Participación
Internacional

Autores
Afiliación Extranjera

Instituciones
Extranjeras


Abstract



To stay competitive in a business environment, continuous performance evaluation based on the triple bottom line standard of sustainability is necessary. There is a gap in addressing the computational expense caused by increased decision units due to increasing the performance evaluation indices to more accuracy in the evaluation. We successfully addressed these two gaps through (1) using principal component analysis (PCA) to cut the number of evaluation indices, and (2) since PCA itself has the problem of merely using the data distribution without considering the domain-related knowledge, we utilized Analytic Hierarchy Process (AHP) to rank the indices through the expert's domain-related knowledge. We propose an integrated approach for sustainability performance assessment in qualitative and quantitative perspectives. Fourteen insurance companies were evaluated using eight economic, three environmental, and four social indices. The indices were ranked by expert judgment though an analytical hierarchy process as subjective weighting, and then principal component analysis as objective weighting was used to reduce the number of indices. The obtained principal components were then used as variables in the data envelopment analysis model. So, subjective and objective evaluations were integrated. Finally, for validating the results, Spearman and Kendall's Tau correlation tests were used. The results show that Dana, Razi, and Dey had the best sustainability performance.

Revista



Revista ISSN
Sustainability 2071-1050

Métricas Externas



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Disciplinas de Investigación



WOS
Environmental Sciences
Environmental Studies
Green & Sustainable Science & Technology
Scopus
Sin Disciplinas
SciELO
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Publicaciones WoS (Ediciones: ISSHP, ISTP, AHCI, SSCI, SCI), Scopus, SciELO Chile.

Colaboración Institucional



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Autores - Afiliación



Ord. Autor Género Institución - País
1 Beiragh, Ramin Gharizadeh Hombre Urmia Univ Technol - Iran
Urmia University of Technology - Iran
2 Alizadeh, Reza Hombre UNIV OKLAHOMA - Estados Unidos
University of Oklahoma - Estados Unidos
The University of Oklahoma - Estados Unidos
Gallogly College of Engineering - Estados Unidos
3 Kaleibari, Saeid Shafiei - Shanghai Jiao Tong Univ - China
Shanghai Jiao Tong University - China
4 Cavallaro, Fausto Hombre Univ Molise - Italia
Universitá Degli Studi del Molise - Italia
5 Hashemkhani Zolfani, Sarfaraz - Universidad Católica del Norte - Chile
6 Bausys, Romualdas Hombre Vilnius Gediminas Tech Univ - Lituania
Vilniaus Gedimino Technikos Universitetas - Lituania
7 Mardani, Abbas Hombre Ton Duc Thang Univ - Vietnam
Ton-Duc-Thang University - Vietnam

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Financiamiento



Fuente
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Agradecimientos



Agradecimiento
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