Multiple comparisons of ranking vectors

Abstract

Many managerial studies have indicated that the relative importance of the appealing of working factors far the working environment is perceived differently by different working classes. Different parties may rank the same working factors in different sequences according to their perceived importance. How do we establish a ranking vector of the attractive working factors for a set of employees? How do we compare the ranking vectors from different sets of employees? These issues need to be effectively handled to improve management quality. The concept of multiple comparisons of ranking vectors can be applied in many managerial applications, such as selecting portfolios, designing training programs, positioning, peer-ranking, conducting performance appraisal and so on. This paper discusses the concept of multiple comparisons of ranking vectors, and proposed a method for implementation. An empirical survey data regarding expectation and perception of a training program in a firm is used for illustration.