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Title: Decision making techniques in business and economics based on the OWA operator
Author: Merigó Lindahl, José M.
Gil Lafuente, Anna Maria
Keywords: Presa de decisions (Estadística)
Gestió de la producció
Statistical decision
Production management
Issue Date: 2012
Publisher: Institut d'Estadística de Catalunya
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.
Note: Reproducció del document publicat a:
It is part of: Sort (Statistics and Operations Research Transactions), 2012, vol. 36, num. 1, p. 81-102
ISSN: 1696-2281
Appears in Collections:Articles publicats en revistes (Empresa)

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