RANKING COUNTRIES MORE RELIABLY IN THE SUMMER OLYMPICS
In this paper we consider the many intangible criteria that influence the outcome of the Summer Olympics by using the Analytic Network Process, and apply the ideas to evaluate the medals won and the country scores in the 2012 London Olympics. Both the categories of games and the events in each game are considered in this weighting process. Different events of the same category game could have different properties. This work shows that the current way of counting the total number of medals is not a bad way of ranking countries. With minor modifications, this systematic approach for ranking countries can be used for any Summer Olympics.
Andrew, B. B., Meghan, R. B., (2000). Who wins the Olympic Games: Economic development and the medal total, National Bureau of Economic Development, NBER working paper series, No. 7998, JEL No. O10, L83.
Bernard, A. B., Meghan R. B., (2000). Who wins the Olympic Games: Economic development and medal total, NBER Working Paper, 7998.
Wade, D. P., (2006) Predicting the medal wins by country at the 2006 winter Olympic Games: An econometrics Approach, National Graduate Institute for Policy Studies, Tokyo, Japan.
Forsyth, S., China 2008 Olympic medal tally by population, and China 2008 Olympic medal tally by gross domestic product (GDP), http://simon.forsyth.net/olympics.htm.
Saaty T.L., (2004). Decision making- The Analytic Hierarchy and Network Processes (AHP/ANP), Journal of Systems Science and Systems Engineering, 13(1), 1-35. doi:10.1007/s11518-006-0151-5
Saaty, T. L., (2008). Who Won the 2008 Olympics? Journal of Systems Science and Systems Engineering, 17, 4, 473-486. doi: 10.1007/s11518-008-5092-8
The World Factbook 2013-14. Washington, DC: Central Intelligence Agency, 2013.
The World Factbook, ISSN 1553-8133; An annual publication also known as the CIA World Factbook a two- to three-page summary of the demographics, geography, communications, government, economy, and military of 266 U.S.-recognized countries, dependencies, and other areas in the world.