Robust Distribution-Based Winsorization in Composite Indicators Construction Vrije Universiteit Brussel KU Leuven Universiteit Gent
Composite indicators are widely used to determine the ranking of countries, organizations or individuals in terms of overall performance on multiple criteria. Their calculation requires standardization of the individual statistical criteria and aggregation of the standardized indicators. These operations introduce a potential propagation effect of extreme values on the calculation of the composite indicator of all entities. In this paper, we ...