Applying RATMI (Ranking by Alternatives Trace to Median Index) for Ranking Countries Based on Sustainability Performance

Today, global problems such as climate change, resource depletion and social inequality motivate the need for tools that can be used to measure the sustainability performance of countries. In this section, a new MCDM approach, RATMI (Ranking by Alternatives Trace to Median Index), is proposed with this motivation. RATMI uses trace and median similarity techniques to provide a balanced and accurate ranking as the median minimises the effect of outliers. In this chapter, the RATMI method is used to assess the sustainability performance of 157 countries for the period 2016-2020 on the basis of economic, social and environmental dimensions. The contributions of this study include the potential to promote RATMI as an effective tool for sustainability assessment of countries, identify role models, and inform policymakers on the development of sustainability strategies at the global level. This practice not only advances the literature on MCDM in sustainability assessments, but also provides a practical framework to guide future policy and research aimed at promoting sustainable development.