Decision making techniques with similarity measures and OWA operators
Merigó, José M.
Gil-Lafuente, Anna M.

Date: 2012
Abstract: We analyse the use of the ordered weighted average (OWA) in decision-making giving special attention to business and economic decision-making problems. We present several aggregation techniques that are very useful for decision-making such as the Hamming distance, the adequacy coefficient and the index of maximum and minimum level. We suggest a new approach by using immediate weights, that is, by using the weighted average and the OWA operator in the same formulation. We further generalize them by using generalized and quasi-arithmetic means. We also analyse the applicability of the OWA operator in business and economics and we see that we can use it instead of the weighted average. We end the paper with an application in a business multi-person decision-making problem regarding production management.
Rights: Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades. Creative Commons
Language: Anglès.
Document: article ; recerca ; publishedVersion
Subject: Decision-making ; OWA operator ; Similarity measure ; Hamming distance ; Production management
Published in: SORT : statistics and operations research transactions, Vol. 36, Núm. 1 (January-June 2012) , p. 81-102, ISSN 1696-2281

Adreça original: https://www.raco.cat/index.php/SORT/article/view/254885


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Articles > Research articles

 Record created 2012-07-24, last modified 2018-11-24



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