Bonferroni weighted logarithmic averaging distance operator applied to investment selection decision making
Author
dc.contributor.author
Alfaro García, Víctor G.
Author
dc.contributor.author
Blanco Mesa, Fabio
Author
dc.contributor.author
León Castro, Ernesto
Author
dc.contributor.author
Merigó Lindahl, José María
Admission date
dc.date.accessioned
2022-07-25T16:30:46Z
Available date
dc.date.available
2022-07-25T16:30:46Z
Publication date
dc.date.issued
2022
Cita de ítem
dc.identifier.citation
Mathematics 2022, 10, 2100
es_ES
Identifier
dc.identifier.other
10.3390/math10122100
Identifier
dc.identifier.uri
https://repositorio.uchile.cl/handle/2250/186938
Abstract
dc.description.abstract
Distance measures in ordered weighted averaging (OWA) operators allow the modelling of complex decision making problems where a set of ideal values or characteristics are required to be met. The objective of this paper is to introduce extended distance measures and logarithmic OWA-based decision making operators especially designed for the analysis of financial investment options. Based on the immediate weights, Bonferroni means and logarithmic averaging operators, in this paper we introduce the immediate weights logarithmic distance (IWLD), the immediate weights ordered weighted logarithmic averaging distance (IWOWLAD), the hybrid weighted logarithmic distance (HWLD), the Bonferroni ordered weighted logarithmic averaging distance (B-OWLAD) operator, the Bonferroni immediate weights ordered weighted logarithmic averaging distance (B-IWOWLAD) operator and the Bonferroni hybrid weighted logarithmic distance (HWLD). A financial decision making illustrative example is proposed, and the main benefits of the characteristic design of the introduced operators is shown, which include the analysis of the interrelation between the modelled arguments required from the decision makers and the stakeholders, and the comparison to an ideal set of characteristics that the possible companies in the example must portray. Moreover, some families, particular cases and brief examples of the proposed operators, are studied and presented. Finally, among the main advantages are the modeling of diverse perspectives, attitudinal characteristics and complex scenarios, through the interrelation and comparison between the elements with an ideal set of characteristics given by the decision makers and a set of options.
es_ES
Patrocinador
dc.description.sponsorship
ANID InES Ciencia Abierta INCA210005
es_ES
Lenguage
dc.language.iso
en
es_ES
Publisher
dc.publisher
MDPI
es_ES
Type of license
dc.rights
Attribution-NonCommercial-NoDerivs 3.0 United States