Business decision making through the ordered weighted average
Abstract The progress of decision making in business is addressed by this document through a theoretical review of research works. To do that, a summary of seminal elements that gave rise to the development of this area is shown, particularly, decision making under uncertainty environments. To this...
| Main Authors: | , , |
|---|---|
| Format: | Online |
| Language: | spa |
| Published: |
Unidad Editorial UPTC
2020
|
| Subjects: | |
| Online Access: | https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/9843 |
| _version_ | 1801706726981894144 |
|---|---|
| author | Baez-Palencia, Diego Olazabal-Lugo, Maricruz Romero-Muñoz, Jorge |
| author_facet | Baez-Palencia, Diego Olazabal-Lugo, Maricruz Romero-Muñoz, Jorge |
| author_sort | Baez-Palencia, Diego |
| collection | OJS |
| description | Abstract
The progress of decision making in business is addressed by this document through a theoretical review of research works. To do that, a summary of seminal elements that gave rise to the development of this area is shown, particularly, decision making under uncertainty environments. To this end, studies of different methodological approaches, into the fuzzy type, are included, those and until reaching the initial approach of the ordered weighted average (OWA). The latter being a treatment of flexible and diverse application, it leads to present a description of a set of OWA extensions widely used in the literature. Finally, some applied researches of OWA are detailed, with their results in the business field, which show the relevance this operator has taken, and the range that opens up for the growth of its study.
Keywords: Decision making, Uncertainty environment, Fuzzy logic, Ordered weighted average, OWA operator
JEL Codes : D81, C02, C65
Received: 28/07/2019. Accepted: 22/04/2020. Published: 24/05/2020 |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-9843 |
| institution | Revista Inquietud Empresarial |
| language | spa |
| publishDate | 2020 |
| publisher | Unidad Editorial UPTC |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-98432024-04-24T20:29:32Z Business decision making through the ordered weighted average Toma de decisiones empresariales a través de la media ordenada ponderada Baez-Palencia, Diego Olazabal-Lugo, Maricruz Romero-Muñoz, Jorge Decision making Uncertainty environment Fuzzy logic Ordered weighted average OWA operator Toma de decisiones Entornos inciertos Lógica difusa Media ponderada ordenada Operador OWA Abstract The progress of decision making in business is addressed by this document through a theoretical review of research works. To do that, a summary of seminal elements that gave rise to the development of this area is shown, particularly, decision making under uncertainty environments. To this end, studies of different methodological approaches, into the fuzzy type, are included, those and until reaching the initial approach of the ordered weighted average (OWA). The latter being a treatment of flexible and diverse application, it leads to present a description of a set of OWA extensions widely used in the literature. Finally, some applied researches of OWA are detailed, with their results in the business field, which show the relevance this operator has taken, and the range that opens up for the growth of its study. Keywords: Decision making, Uncertainty environment, Fuzzy logic, Ordered weighted average, OWA operator JEL Codes : D81, C02, C65 Received: 28/07/2019. Accepted: 22/04/2020. Published: 24/05/2020 Este documento aborda, mediante una revisión teórica de trabajos de investigación, la evolución de la toma de decisiones en la empresa. Para esto, se muestra un repaso de los elementos seminales que dieron pie al desarrollo de esta área, particularmente, bajo entornos de incertidumbre. A tal efecto, se incluyen trabajos de variados enfoques metodológicos, de tipo difuso, hasta llegar al abordaje inicial de la media ponderada ordenada (OWA). Siendo este último un tratamiento de flexible y diversa aplicación, conlleva esto a una descripción de un conjunto de sus extensiones usadas ampliamente en la literatura. Por último, se detallan algunas investigaciones en el ámbito de aplicación del OWA, con sus resultados en el ámbito empresarial, que dan cuenta de la relevancia que toma este operador, y el abanico que se abre para el crecimiento de su estudio. Palabras clave: Toma de decisiones, Entornos inciertos, Lógica difusa, Media ponderada ordenada, Operador OWA Códigos JEL: D81, C02, C65 Recibido: 28/07/2019. Aceptado: 22/04/2020. Publicado: 24/05/2020 Unidad Editorial UPTC 2020-05-22 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/9843 10.19053/01211048.9843 Inquietud Empresarial; Vol. 19 No. 2 (2019): Inquietud Empresarial 19 (2) July-December 2019; 11-23 Inquietud Empresarial; Vol. 19 Núm. 2 (2019): Inquietud Empresarial 19 (2) Julio-Diciembre 2019; 11-23 0121-1048 spa https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/9843/9301 Derechos de autor 2020 Diego Baez-Palencia, Maricruz Olazabal-Lugo, Jorge Romero-Muñoz http://creativecommons.org/licenses/by-nc/4.0 |
| spellingShingle | Decision making Uncertainty environment Fuzzy logic Ordered weighted average OWA operator Toma de decisiones Entornos inciertos Lógica difusa Media ponderada ordenada Operador OWA Baez-Palencia, Diego Olazabal-Lugo, Maricruz Romero-Muñoz, Jorge Business decision making through the ordered weighted average |
| title | Business decision making through the ordered weighted average |
| title_alt | Toma de decisiones empresariales a través de la media ordenada ponderada |
| title_full | Business decision making through the ordered weighted average |
| title_fullStr | Business decision making through the ordered weighted average |
| title_full_unstemmed | Business decision making through the ordered weighted average |
| title_short | Business decision making through the ordered weighted average |
| title_sort | business decision making through the ordered weighted average |
| topic | Decision making Uncertainty environment Fuzzy logic Ordered weighted average OWA operator Toma de decisiones Entornos inciertos Lógica difusa Media ponderada ordenada Operador OWA |
| topic_facet | Decision making Uncertainty environment Fuzzy logic Ordered weighted average OWA operator Toma de decisiones Entornos inciertos Lógica difusa Media ponderada ordenada Operador OWA |
| url | https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/9843 |
| work_keys_str_mv | AT baezpalenciadiego businessdecisionmakingthroughtheorderedweightedaverage AT olazaballugomaricruz businessdecisionmakingthroughtheorderedweightedaverage AT romeromunozjorge businessdecisionmakingthroughtheorderedweightedaverage AT baezpalenciadiego tomadedecisionesempresarialesatravesdelamediaordenadaponderada AT olazaballugomaricruz tomadedecisionesempresarialesatravesdelamediaordenadaponderada AT romeromunozjorge tomadedecisionesempresarialesatravesdelamediaordenadaponderada |
