Title:
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Decision making techniques in business and economics based on the OWA operator
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Author:
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Merigó Lindahl, José M.; Gil Lafuente, Anna Maria
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Other authors:
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Universitat de Barcelona |
Abstract:
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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. |
Subject(s):
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-Presa de decisions (Estadística) -Gestió de la producció -Statistical decision -Production management |
Rights:
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cc-by-nc-nd (c) Merigó Lindahl, José M. et al., 2012
http://creativecommons.org/licenses/by-nc-nd/3.0/es |
Document type:
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Article Article - Published version |
Published by:
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Institut d'Estadística de Catalunya
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