THE GENERALIZED ADEQUACY COEFFICIENT AND ITS APPLICATION IN STRATEGIC DECISION MAKING

José M. Merigó and A.M. Gil Lafuente
Additional contact information
A.M. Gil Lafuente: University of Barcelona

Fuzzy Economic Review, 2008, vol. XIII, issue 2, 17-36

Abstract: The adequacy coefficient is a very useful technique that provides a more complete formulation than the Hamming distance in decision making problems. In this paper, we suggest a generalization by using generalized and quasi-arithmetic means. As a result, we will get the generalized ordered weighted averaging adequacy coefficient (GOWAAC) and the Quasi-OWAAC operator. These new aggregation operators generalize a wide range of particular cases such as the generalized adequacy coefficient (GAC), the weighted generalized adequacy coefficient (WGAC), the ordered weighted averaging adequacy coefficient (OWAAC), the ordered weighted quadratic averaging adequacy coefficient (OWQAAC), and others. We study different families and properties of these aggregation operators. We also analyze the unification point with distance measures and we find that in these situations, the GOWAAC and the Quasi-OWAAC become the Minkowski ordered weighted averaging distance (MOWAD) operator and the Quasi-OWAD operator, respectively. Finally, we also develop an application of the new approach in a strategic decision making problem about selection of strategies.

Keywords: adequacy coefficient; OWA operator; decision making; selection of strategies (search for similar items in EconPapers)
JEL-codes: G30 (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fzy:fuzeco:v:xiii:y:2008:i:2:p:17-36

Access Statistics for this article

More articles in Fuzzy Economic Review from International Association for Fuzzy-set Management and Economy (SIGEF) Contact information at EDIRC.
Bibliographic data for series maintained by Aurelio Fernandez ( this e-mail address is bad, please contact ).