ORIGINAL RESEARCH
Development of the Waste Management Composite Index Using DEA Method as Circular Economy Indicator: The Case of European Union Countries
Tijana Milanović 1  
,   Gordana Savić 2  
,   Milan Martić 2  
,   Maja Milanović 3  
,   Nataša Petrović 2  
 
More details
Hide details
1
Belgrade Academy of Business and Art Vocational Studies, Serbia
2
University of Belgrade, Faculty of Organizational Sciences, Serbia
3
Universidad de Valencia, Faculty of Philology, Translation and Communication, Spain
CORRESPONDING AUTHOR
Tijana Milanović   

Management, Belgrade Academy of Business and Art Vocational Studies, Kraljice Marije 73, 11000, Belgrade, Serbia
Submission date: 2021-04-02
Acceptance date: 2021-07-04
Online publication date: 2021-10-20
 
 
KEYWORDS
TOPICS
ABSTRACT
This paper aims to develop a Waste Management Composite Index (WMCI) as a Circular Economy (CE) indicator by using a DEA-based model. This approach will enable making a mutual comparison, i.e. comparative analysis of the countries CE performances. Even though many countries have already accomplished a great deal in terms of the CE, there are still numerous of those that have not progressed much, finding themselves at the very beginning of the process. For that matter, the development of the indicators would help monitor changes during the transition process and while shifting to the CE model.
In this paper, a tailor-made DEA model is created to fit a two-layer composite index WMCI comprising of eight relevant sub-indicators. The model is applied for the comparison of the 26 European Union (EU) countries. The obtained results could help maintain the countries informed about their position on the ranking list, alongside the level of their implementation of the CE with guidelines and recommendations for possible future development in this area.
eISSN:2083-5906
ISSN:1230-1485