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arXiv · 1709.04328

Generating OWA weights using truncated distributions

Maxime Lenormand
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Abstract

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 enables 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-know 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.

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Maxime Lenormand. 2017-09-13. Generating OWA weights using truncated distributions. https://doi.org/10.1002/int.21963

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