Ordered weighted averaging (OWA) operators have been widely used in decision making these past few years. An important issue facing the OWA operators' users is the determination of the OWA weights. This paper introduces an OWA determination method based on truncated distributions that enable intuitive generation of OWA weights according to a certain level of risk and trade‐off. These two dimensions are represented by the two first moments of the truncated distribution. We illustrate our approach with the well‐known normal distribution and the definition of a continuous parabolic decision‐strategy space. We finally study the impact of the number of criteria on the results.
International Journal of Intelligent Systems – Wiley
Published: Jan 1, 2018
Keywords: ; ; ;
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 12 million articles from more than
10,000 peer-reviewed journals.
All for just $49/month
It’s easy to organize your research with our built-in tools.
All the latest content is available, no embargo periods.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud