Mean value and volume-based sensitivity analysis for Olympic rankings

This article describes two methods of creating Olympic rankings based on number of medals won. One method is based on the weighted mean value, which we will show is equivalent to the compromise programming known in Multi-Criteria Decision Analysis (MCDM). The other method uses volume-based sensitivity analysis. Both methods presented in this paper can also be used to construct rankings that include more than just the three top positions.

► This article describes two methods of creating Olympic rankings.
► One method generates the following points for gold, silver and bronze medals: 11, 5, 2.
► The other method is based on the volume of weights for which a given team is the best.