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Title: The Uncertain generalized probabilistic weighted average and its application in the theory of expertons
Author: Merigó Lindahl, José M.
Keywords: Probabilitats
Mitjana (Estadística)
Presa de decisions (Estadística)
Statistical decision
Issue Date: 22-Feb-2011
Publisher: Academic Journals
Abstract: A new model for dealing with decision making under risk by considering subjective and objective information in the same formulation is here presented. The uncertain probabilistic weighted average (UPWA) is also presented. Its main advantage is that it unifies the probability and the weighted average in the same formulation and considering the degree of importance that each case has in the analysis. Moreover, it is able to deal with uncertain environments represented in the form of interval numbers. We study some of its main properties and particular cases. The applicability of the UPWA is also studied and it is seen that it is very broad because all the previous studies that use the probability or the weighted average can be revised with this new approach. Focus is placed on a multi-person decision making problem regarding the selection of strategies by using the theory of expertons.
Note: Reproducció del document publicat a:
It is part of: African Journal of Business Management 2011, 5(15), p. 6092-6102
ISSN: 1993-8233
Appears in Collections:Articles publicats en revistes (Empresa)

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