This index framework lacks a bit more than that, lol. The problem with writing a paper like this is that you fall into a rabbit hole very easily. You write to explain and it opens more things to explain.
I especially think your index lacks a bit of growth perspective towards chains like HIVE, and as such is a bit to kind on HIVE for the things it hasn't addressed yet.
Its static. The methodology for determining categories would have to be developed and adjusted towards the goal of the index. What is it that we want it to show?
I just picked the most obvious categories.
The indicators as well would need to be researched etc. I wanted to show that this could be done.
Further, I'dd be interested to know why 1,2 and 6 have a higher weighing factor, and why you choose not to treat the components as a vector in the calculation of the final metric.
Because its a 5 page paper that was written in a few hours and I simply didnt spend the time thinking about these things. 😄
It was a burst of inspiration.