Decision-making techniques with similarity measures and OWA operators

We analyse the use of the ordered weighted average (OWA) in de cision-making giving special attention to business and economic decision-making proble ms. We present several aggregation techniques that are very useful for decision-making such as the Hamming distance, the adequacy coefficient and the...

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Detalles Bibliográficos
Autores: Merigó, José M., Gil-Lafuente, Anna M.
Tipo de recurso: artículo
Fecha de publicación:2012
País:España
Institución:Universitat Politècnica de Catalunya (UPC)
Repositorio:UPCommons. Portal del coneixement obert de la UPC
Idioma:inglés
OAI Identifier:oai:upcommons.upc.edu:2099/13279
Acceso en línea:https://hdl.handle.net/2099/13279
Access Level:acceso abierto
Palabra clave:Decision theory
Decision-making
OWA operator
Similarity measure
Hamming distance
Production management
Decisió, Teoria de la
Classificació AMS::62 Statistics::62C Decision theory
Àrees temàtiques de la UPC::Matemàtiques i estadística::Estadística matemàtica
Descripción
Sumario:We analyse the use of the ordered weighted average (OWA) in de cision-making giving special attention to business and economic decision-making proble ms. 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 sug gest a new approach by using immediate weights, that is, by using the weighted average an d the OWA operator in the same formulation. We further generalize them by using generaliz ed and quasi-arithmetic means. We also analyse the applicability of the OWA operator in busine ss and economics and we see that we can use it instead of the weighted average. We end the paper wi th an application in a business multi-person decision-making problem regarding producti on management