Variable Weight Decision Making and Balance Function Analysis Based on Factor Space

Wenyi Zeng (), Deqing Li and Peizhuang Wang
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Wenyi Zeng: College of Information Science and Technology, Beijing Normal University, Beijing 100875, P. R. China
Deqing Li: Department of Mathematics, Shijiazhuang, Mechanical Engineering College, Shijiazhuang 050003, P. R. China
Peizhuang Wang: College of Intelligence Engineering and Mathematics, Liaoning Engineering and Technology University, Fuxin 123000, P. R. China

International Journal of Information Technology & Decision Making (IJITDM), 2016, vol. 15, issue 05, 999-1014

Abstract: In this paper, we introduce the summing-type and multiplying-type decomposable balance function, discuss their properties in detail, and investigate the effectiveness of the balance function for the orness measure of variable weight vector and for the factor weights. These results will be used to provide some principles for selecting the balance function in decision making and support systems.

Keywords: Variable weight; balance function; penalty capability; reward capability; factor space (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S021962201650022X

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