Technological maturity of the OECD countries: A multi-criteria decision-making approach using PROMETHEE

Abstract

AbstractMeasuring and assessing the degree of technological readiness at macro level is crucial in guiding the overall technological development for the countries. The problem is multi-criteria in nature, involving assessment and consolidation over multiple dimensions. This study develops a composite index to measure basic technological maturity from supply chain integration perspective and utilizes multi-criteria decision-making method PROMETHEE to obtain a ranking among 28 OECD countries. Based on OECD data and metrics set availability, a composite index is developed using 10 relevant metrics. Then a comparative study is performed for 28 countries for the year 2019 under six different scenarios using Visual PROMETHEE. The study is original in developing a composite index with corresponding metrics, providing a comparative evaluation across OECD countries, and offering a comprehensive analysis utilizing almost all major visual analysis tools of the Visual PROMETHEE. The results indicate that the metric set selected and the methodology applied with the visual tools of PROMETHEE provide a systematic which enables country-based benchmarking under different dimensions and enable policymakers to identify the improvement opportunities for each dimension.

Keywords

• technological maturity
• OECD
• MCDM
• PROMETHEE